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 (2024–2032). This rapid expansion stems from surging demand across aerospace, automotive, and renewable energy sectors where ACMs deliver unmatched strength-to-weight characteristics and environmental resistance.
As industrial applications increasingly require lightweight yet durable materials, these market leaders are pioneering innovations in carbon fiber, glass fiber, and hybrid composite technologies. Below we analyze the top 10 ACM manufacturers shaping this high-growth industry.
1. Toray Industries, Inc.
Headquarters: Tokyo, Japan
Key Offering: Torayca® carbon fiber, aerospace prepregs, CFRP components
Toray commands the largest global market share (30%) in aerospace-grade carbon fiber, supplying critical materials for Boeing and Airbus aircraft. Their T1100G carbon fiber features 700 ksi tensile strength, revolutionizing structural components while new bio-based precursor technology enhances sustainability.
Innovation Focus:
- Automated fiber placement systems for aircraft wings
- U.S. production expansion to 15,000 tons by 2025
- Closed-loop recycling programs
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2. Hexcel Corporation
Headquarters: Stamford, Connecticut, USA
Key Offering: Aerospace composites, honeycomb cores, thermoplastics
Hexcel provides materials for 70% of commercial aircraft structures, including the Boeing 787’s composite wings. Their HexPEKK® thermoplastics enable 60% faster manufacturing cycles compared to traditional thermoset composites.
Innovation Focus:
- Out-of-autoclave curing technologies
- Continuous fiber 3D printing
- Recycled carbon fiber initiatives
3. Solvay S.A.
Headquarters: Brussels, Belgium
Key Offering: CYCOM® resins, thermoplastic tapes, ceramic composites
Solvay’s materials withstand extreme conditions in jet engines (3000°F+) and space applications. Their aerospace prepregs power over 400 aircraft platforms globally through the strategic acquisition of Cytec Industries.
Innovation Focus:
- Bio-derived resin formulations
- Smart composites with embedded sensors
- Radiation-resistant space materials
4. Teijin Limited
Headquarters: Osaka, Japan
Key Offering: Tenax® carbon fiber, thermoplastic CFRP
Teijin holds 25% of the aerospace prepreg market and leads automotive CFRP adoption through rapid-cure technologies achieving 2-minute cycle times. Their TWINTEX® hybrid fibers combine glass and polypropylene for cost-sensitive applications.
Innovation Focus:
- High-speed compression molding
- Automotive CFRP mass production
- Advanced recycling systems
5. SGL Carbon
Headquarters: Wiesbaden, Germany
Key Offering: Carbon fiber fabrics, battery components
SGL provides lightweight solutions for BMW’s electric vehicles and supplies 90% of commercial aircraft brake discs. Their specialized fibers achieve 500 GPa modulus for satellite applications.
Innovation Focus:
- EV thermal management materials
- Large-scale hydrogen tanks
- Automated production systems
Download FREE Sample Report: Global Advanced Composite Materials (ACM) Market – View in Detailed Research Report
6. Mitsubishi Chemical Carbon Fiber and Composites
Headquarters: Tokyo, Japan
Key Offering: Pyrofil® carbon fiber, molding compounds
Operating the world’s largest carbon fiber production line (10,000-ton capacity), Mitsubishi leads in pitch-based fibers for space applications. Their KYRON™ prepregs reduce aerospace costs by 40% using out-of-autoclave processing.
Innovation Focus:
- Satellite-grade high modulus fibers
- AI quality control systems
- Recycled fiber applications
7. Owens Corning
Headquarters: Toledo, Ohio, USA
Key Offering: Fiberglass reinforcements, engineered materials
Owens Corning supplies 35% of global glass fiber demand, enabling cost-effective solutions for wind turbine blades and automotive parts. Their Advantex® glass withstands harsh chemical environments.
Innovation Focus:
- 5G-compatible dielectric materials
- Bio-compatible fiber formulations
- Automated wind blade production
8. Hyosung Advanced Materials
Headquarters: Seoul, South Korea
Key Offering: TANSOME® carbon fiber, pressure vessels
Hyosung’s integrated production from PAN to finished composites serves Asia’s growing CNG tank market. Their 50K large-tow fiber reduces aerospace material costs by 20-30%.
Innovation Focus:
- In-line fiber treatment technology
- Hydrogen storage solutions
- Rapid-cure systems
9. Gurit Holding AG
Headquarters: Zurich, Switzerland
Key Offering: Core materials, wind turbine solutions
Gurit supplies 60% of global wind blade core materials and pioneered PET foam for marine applications. Their Kerdyn® PET foam offers 30% weight savings versus PVC alternatives.
Innovation Focus:
- Plant-based core materials
- Modular blade manufacturing
- Integrated structural solutions
10. Victrex plc
Headquarters: Lancashire, UK
Key Offering: PEEK-based composites, medical implants
Victrex leads in high-performance thermoplastics, with PEEK composites replacing metals in aerospace, energy, and medical applications, maintaining strength at 480°F.
Innovation Focus:
- Self-reinforced polymers
- Continuous fiber tapes
- Medical-grade formulations
Read Full Report: Global Advanced Composite Materials (ACM) Market – View in Detailed Research Report
Market Outlook: The Composite Materials Revolution
The ACM sector is entering its most transformative phase, evolving from aerospace specialty applications to mainstream industrial adoption through technological breakthroughs.
Key Industry Trends:
- Thermoplastic Adoption: 50% faster processing driving $12B market by 2028
- Circular Economy: Advanced recycling recovers 85% fiber integrity
- Digital Manufacturing: AI-powered quality control doubles yields
- Cross-Sector Growth: Wind energy and hydrogen applications fueling expansion
Read Full Report: Global Advanced Composite Materials (ACM) Market – View in Detailed Research Report
These market leaders are not just material suppliers – they’re enabling the lightweight future across transportation, energy infrastructure, and advanced manufacturing industries.
