The Global Composite Fabrication Technology Market was valued at US$ 7326.2 Million in 2023 and is projected to reach US$ 12190 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period (2024–2030). This robust growth is driven by escalating demand from the aerospace, wind energy, and automotive sectors for lightweight, high-strength materials, alongside advancements in manufacturing processes like automation and additive manufacturing.

As industries worldwide prioritize performance, fuel efficiency, and sustainability, the role of composite materials has become paramount. The companies leading this market are not just material suppliers; they are pioneers of innovation, developing advanced fabrication technologies that are reshaping entire industries. In this blog, we profile the Top 10 Companies in the Composite Fabrication Technology Industry—a dynamic group of chemical giants, material specialists, and equipment innovators defining the future of manufacturing.

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Carbon Fiber, Advanced Prepress, Composite Materials

Toray Industries is a global leader in carbon fiber and advanced composite materials. Its products are critical to the aerospace sector, supplying major aircraft manufacturers like Boeing and Airbus. The company’s expertise spans the entire value chain, from precursor chemicals to finished composite parts.

Technological Initiatives:

• Development of high-modulus and intermediate-modulus carbon fibers

• Expansion of carbon fiber composite production capacity to meet aerospace and industrial demand

• R&D into thermoplastics and out-of-autoclave (OOA) manufacturing processes

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9️⃣ 2. Solvay

Headquarters: Brussels, Belgium
Key Offering: Thermoplastic & Thermoset Composites, Specialty Polymers, Adhesives

Solvay is a key player in high-performance composite materials, offering a wide portfolio of resins, fibers, and formulated products. The company serves demanding applications in aerospace, automotive, and healthcare, with a strong focus on sustainable material solutions.

Technological Initiatives:

• Leading in thermoplastic composites for rapid processing and recyclability

• Development of bio-based and recyclable epoxy resin systems

• Strategic partnerships for integrated material and process solutions

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8️⃣ 3. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: Carbon Fibers, Reinforcements, Prepregs, Adhesives, Honeycomb Cores

Hexcel is a premier advanced composites company, specializing in lightweighting solutions for commercial aerospace, space, and defense. Its product portfolio includes a comprehensive range of materials used in primary and secondary aircraft structures.

Technological Initiatives:

• Innovation in HiTape® and HiMax® dry carbon reinforcements for automated manufacturing

• Expansion of HexMC® molding compound offerings for high-volume applications

• Sustainability focus on reducing the environmental footprint of composite manufacturing

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7️⃣ 4. Owens Corning

Headquarters: Toledo, Ohio, USA
Key Offering: Glass Fiber Reinforcements, Composite Systems, Insulation Materials

Owens Corning is a global leader in glass fiber reinforcements, a fundamental component of composite materials. Its products are essential in wind turbine blades, construction materials, automotive parts, and consumer goods, providing strength and durability.

Technological Initiatives:

• Development of high-performance glass fibers like Advantex® for corrosion resistance

• Investment in sustainable manufacturing and recycled content in fiberglass products

• Focus on solutions for the rapidly growing wind energy market

Download FREE Sample Report: Composite Fabrication Technology Market – View in Detailed Research Report

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6️⃣ 5. Teijin Limited

Headquarters: Osaka, Japan
Key Offering: Carbon Fiber & Composites (Tenax®), Aramid Fibers, Resins

Teijin is a diversified technology company with a strong presence in advanced fibers and composites. Its Tenax® carbon fibers are used in aerospace, automotive, and sporting goods. The company is also expanding into mass-production technologies for the automotive industry.

Technological Initiatives:

• Pioneering carbon fiber reinforced thermoplastic (CFRTP) technologies for automotive

• Development of advanced Sereebo® CFRTP manufacturing process for high-speed production

• R&D into recycling technologies for carbon fiber composites

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5️⃣ 6. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: Carbon-based Materials, Composite Solutions, Graphite Specialties

SGL Carbon is a leading manufacturer of carbon-based products, including carbon fibers, composite components, and graphite materials. The company serves a wide array of industries, from automotive and aerospace to semiconductors and LED lighting.

Technological Initiatives:

• Focus on lightweight composite solutions for battery enclosures in electric vehicles (EVs)

• Development of specialized carbon fibers for friction and industrial applications

• Expansion of manufacturing capabilities for large-scale composite structures

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4️⃣ 7. Stratasys Ltd.

Headquarters: Eden Prairie, Minnesota, USA
Key Offering: Additive Manufacturing (3D Printing) Systems, Composite Materials

Stratasys is a global leader in polymer 3D printing solutions, driving innovation in composite fabrication through additive manufacturing. The company’s technologies enable the production of complex, high-strength composite parts directly from digital files, reducing waste and lead times.

Technological Initiatives:

• Development of Antero® materials, high-performance PEKK-based thermoplastics for aerospace

• Introduction of continuous fiber reinforcement capabilities on FDM® 3D printers

• Strategic focus on tooling, jigs, fixtures, and end-use parts for manufacturing

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3️⃣ 8. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Carbon Fiber & Composites, Engineering Plastics, Functional Materials

Mitsubishi Chemical Group is a major force in the advanced materials sector, offering a broad portfolio that includes carbon fiber and composite materials through its subsidiary, Mitsubishi Chemical Carbon Fiber and Composites, Inc.

Technological Initiatives:

• Supply of Pyrofil® carbon fiber for pressure vessels and automotive applications

• Development of lightweight, high-pressure hydrogen tanks for fuel cell vehicles

• Investment in recycling technologies to establish a circular economy for carbon fiber

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2️⃣ 9. Gurit Holding AG

Headquarters: Wattwil, Switzerland
Key Offering: Composite Materials, Engineering Services, Tooling, Kitting

Gurit is a specialized composites technology company focused on the wind energy, marine, and automotive markets. It provides core materials (like PET and SAN foams), prepregs, adhesives, and structural engineering services.

Technological Initiatives:

• Leading supplier of core materials and advanced composite kits for wind turbine blades

• Development of lightweight solutions for the marine and transportation industries

• Expansion of services in structural engineering design and simulation

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1️⃣ 10. Victrex plc

Headquarters: Lancashire, United Kingdom
Key Offering: High-Performance Polymers (PEEK, PAEK), Composite Compounds

Victrex is a world leader in high-performance polyaryletherketone (PAEK) polymers, including PEEK. These advanced thermoplastics are the basis for high-performance composites used in demanding applications across aerospace, automotive, and electronics.

Technological Initiatives:

• Pioneering Victrex AE™ (Advanced Elastomer) composites for metal replacement

• Development of faster processing solutions for thermoplastic composite parts

• Focus on lightweighting and performance enhancement in electric vehicles and aircraft

Get Full Report Here: Composite Fabrication Technology Market – View in Detailed Research Report

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🌍 Outlook: The Future of Composite Fabrication Technology Is Smarter, Faster, and More Sustainable

The composite fabrication technology market is undergoing a significant transformation. While traditional materials like carbon and glass fiber remain essential, the industry is rapidly adopting new manufacturing processes, digital tools, and sustainable practices.

📈 Key Trends Shaping the Market:

• Accelerated adoption of automation and robotics in lay-up, trimming, and inspection processes

• Growth of additive manufacturing (3D printing) for complex composite parts and tooling

• Rising demand for thermoplastic composites due to recyclability and faster cycle times

• Increased focus on sustainability and circular economy, driving R&D in recycling technologies

Get Full Report Here: Composite Fabrication Technology Market – View in Detailed Research Report

The companies listed above are not just supplying materials—they are engineering the foundation for next-generation manufacturing, enabling lighter, stronger, and more efficient products across the globe.