The Global Advanced Composite Materials (ACM) Market was valued at USD 7.3 Billion in 2024 and is projected to reach USD 14.2 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period (2025–2032). This growth is fueled by surging demand from aerospace, automotive, and renewable energy sectors where lightweight, high-strength materials are critical for performance optimization. The market expansion reflects the transition from traditional metals to composites that offer superior strength-to-weight ratios and corrosion resistance.

As industries accelerate their sustainability initiatives and performance requirements, the spotlight turns to material science innovators. This report profiles the Top 10 Companies in the Advanced Composite Materials Industry—established leaders and emerging players shaping the future of structural materials across multiple sectors.

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🔟 10. 3B-the Fibreglass

Headquarters: Battice, Belgium
Key Offering: Glass fiber reinforcements, thermoplastic composites

3B specializes in high-performance glass fiber products used in wind energy, automotive, and industrial applications. Their innovations in fiber sizing technology enhance composite performance while maintaining cost efficiency.

Innovation Focus:

• E-glass and Advantex® glass fiber technologies
• Automotive thermoplastic composite solutions
• Sustainable production processes reducing carbon footprint

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9️⃣ 9. Yantai Spandex

Headquarters: Yantai, China
Key Offering: Carbon fiber precursors, composite materials

As a key Asian player, Yantai Spandex produces polyacrylonitrile (PAN)-based carbon fiber and intermediate modulus fiber for various industrial applications, helping meet regional demand at competitive costs.

Innovation Focus:

• Localized carbon fiber production for Chinese market
• Cost-effective precursors for wind energy and infrastructure
• Strategic partnerships with domestic manufacturers

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8️⃣ 8. SGL Group

Headquarters: Wiesbaden, Germany
Key Offering: Carbon fibers, composite solutions for automotive and aerospace

SGL Carbon develops advanced composite materials for extreme applications, from Formula 1 components to hydrogen storage systems, leveraging its expertise in graphite and carbon technology.

Innovation Focus:

• Large-tow carbon fibers for industrial applications
• Composite battery enclosures for electric vehicles
• Sustainable production using renewable energy

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7️⃣ 7. Owens Corning

Headquarters: Toledo, Ohio, USA
Key Offering: Glass fiber reinforcements, composite systems

Owens Corning’s fiberglass solutions serve construction, transportation, and industrial markets, with a strong focus on sustainability and circular economy principles in material production.

Innovation Focus:

• High-strength glass fiber reinforcements
• Recycled content fiberglass products
• Low-carbon-footprint insulation solutions

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6️⃣ 6. Mitsubishi Chemical Carbon Fiber and Composites

Headquarters: Tokyo, Japan
Key Offering: Pyrofil™ carbon fiber, thermoset prepregs

Mitsubishi Chemical has developed proprietary carbon fiber technologies optimized for both aerospace and industrial applications, with production facilities across Asia and North America.

Innovation Focus:

• High-performance intermediate modulus fibers
• Automated fiber placement materials
• Hybrid thermoplastic composites

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Global Advanced Composite Materials (ACM) Market – View in Detailed Research Report

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5️⃣ 5. Koninklijke Ten Cate BV

Headquarters: Nijverdal, Netherlands
Key Offering: Advanced thermoset composites, aerospace materials

TenCate produces high-performance composites for aerospace, defense, and industrial applications, with patented technologies for autoclave and out-of-autoclave processing.

Innovation Focus:

• Ceramic matrix composites for extreme environments
• Automated tape-laying materials
• Flame-resistant composites for transportation

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4️⃣ 4. Toray Industries

Headquarters: Tokyo, Japan
Key Offering: TORAYCA® carbon fiber, prepreg systems

As the world’s largest carbon fiber producer, Toray supplies advanced materials to aerospace OEMs and industrial customers, with continuous investments in next-generation technologies.

Innovation Focus:

• High-modulus carbon fibers up to 640 GPa
• Automotive-grade carbon fiber at reduced costs
• Recyclable thermoplastic composites

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3️⃣ 3. Teijin Limited

Headquarters: Osaka, Japan
Key Offering: Tenax® carbon fiber, thermoplastic composites

Teijin combines materials science with digital manufacturing solutions, offering innovative composite products for mobility, infrastructure, and electronics applications.

Innovation Focus:

• Carbon fiber reinforced thermoplastics
• Mass-production technologies for automotive
• Sustainable PAN precursor development

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2️⃣ 2. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: Aerospace composites, carbon fiber reinforcements

Hexcel is a leading provider of advanced composites for commercial aerospace, with materials featured in Airbus, Boeing, and other major aircraft programs worldwide.

Innovation Focus:

• Aerospace-grade prepreg systems
• Automated fiber placement technologies
• Bio-derived epoxy resin systems

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1️⃣ 1. Solvay (Cytec Solvay Group)

Headquarters: Brussels, Belgium
Key Offering: High-performance thermoset and thermoplastic composites

Solvay leads in composite materials innovation, serving aerospace, automotive, and industrial sectors with advanced resin systems and engineered materials solutions.

Innovation Focus:

• Torlon® high-temperature polymers
• Structural adhesives and surfacing films
• Sustainable resin chemistries

Read Full Report:
Global Advanced Composite Materials (ACM) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Composite Materials

The advanced composites market is entering a transformative phase, with material innovations enabling new applications across industries while addressing sustainability challenges.

📈 Key Trends Shaping the ACM Market:

• Aerospace composites reaching 50-70% content in next-gen aircraft
• Automotive carbon fiber prices targeting sub-$15/kg thresholds
• Thermoplastic composites adoption accelerating with 40% faster processing
• Recycling technologies gaining importance under circular economy mandates

Read Full Report:
Global Advanced Composite Materials (ACM) Market – View in Detailed Research Report

The companies profiled above are at the forefront of this material revolution, driving innovations that will redefine manufacturing across multiple industries in the coming decade.