The Global Closed Form Composite Market was valued at USD 25.1 Billion in 2025 and is projected to reach USD 38.7 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.0% during the forecast period (2024–2030). This robust growth is fueled by the relentless pursuit of lightweighting across the aerospace, automotive, and wind energy sectors, alongside advancements in high-performance resin systems and automation in manufacturing processes.

As industries worldwide pivot towards stronger, lighter, and more durable materials to meet efficiency and sustainability targets, the role of closed form composite manufacturers has become paramount. These companies are at the forefront of material science, developing advanced composites that replace traditional metals. In this blog, we profile the Top 10 Companies in the Closed Form Composite Industry—a diverse group of chemical giants, specialized fabricators, and technology innovators shaping the next generation of materials.

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🔟 1. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: Carbon fibers, woven fabrics, prepregs, and composite structures

Hexcel is a global leader in advanced composites technology, supplying materials for commercial aerospace, space, defense, and industrial applications. The company’s products are critical in manufacturing primary and secondary structures for aircraft, where high strength-to-weight ratios are essential.

Innovation & Market Focus:

• Leading supplier of carbon fiber for Airbus A350 and Boeing 787 Dreamliner programs

• Heavy investment in automated fiber placement (AFP) and automated tape laying (ATL) technologies

• Developing next-generation thermoplastic composites for higher-volume automotive applications

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9️⃣ 2. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORAYCA® carbon fibers, prepregs, and composite materials

Toray is the world’s largest producer of carbon fiber by capacity, with a dominant position in the aerospace and industrial composites markets. Its closed form composites are integral to a wide array of products, from sporting goods to the latest generation of fuel-efficient aircraft.

Innovation & Market Focus:

• Global capacity expansion to meet soaring demand from aerospace and wind energy sectors

• Pioneering large-tow carbon fibers to reduce costs for automotive mass production

• Strategic partnerships with major OEMs for integrated material solutions

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8️⃣ 3. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: High-performance polymers, composite materials, and specialty formulations

Solvay’s Composite Materials business is a key enabler for the aerospace, automotive, and defense industries. The company provides a comprehensive portfolio of thermoplastic and thermoset composite materials, including resin systems for resin transfer molding (RTM) and compression molding.

Innovation & Market Focus:

• Development of sustainable composite solutions, including bio-based and recyclable resins

• Leading provider of cyanate esters and high-temperature composites for space applications

• Focus on digital manufacturing tools to optimize composite production cycles

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7️⃣ 4. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Tenax® carbon fibers, thermoplastic composites, and molded parts

Teijin is a diversified technology company with a strong composites division that serves the aerospace, automotive, and sports industries. The company is known for its innovative approaches to mass production of carbon fiber composites, aiming to bring down costs for high-volume applications.

Innovation & Market Focus:

• Acquisition of Continental Structural Plastics (CSP) to strengthen automotive composites portfolio

• Investment in advanced Sereebo® production technology for rapid compression molding

• Development of recycled carbon fiber materials to support circular economy goals

Download FREE Sample Report: Global Closed Form Composite Market – View in Detailed Research Report

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6️⃣ 5. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: Carbon-based materials, composite solutions, and custom components

SGL Carbon is a leading developer and manufacturer of carbon-based solutions. Its Composite Solutions business unit specializes in manufacturing lightweight components using processes like RTM and pressing for the automotive, aerospace, and industrial sectors.

Innovation & Market Focus:

• Key supplier of battery enclosures and structural components for the electric vehicle market

• Expertise in large-scale composite structures for wind turbine blades and industrial applications

• Strong focus on serial production capabilities to serve high-volume automotive customers

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5️⃣ 6. Mitsubishi Chemical Carbon Fiber and Composites, Inc. (MCCFC)

Headquarters: Sacramento, California, USA
Key Offering: Pyrofil® carbon fiber, intermediate materials, and molded composites

MCCFC, a subsidiary of Mitsubishi Chemical Holdings, is a major global player in carbon fiber and advanced composites. The company supplies materials for pressure vessels, aerospace structures, and industrial applications, with a strong emphasis on quality and performance.

Innovation & Market Focus:

• Leading position in carbon fiber for Type III and Type IV pressure vessels for hydrogen storage

• Expansion of aerospace-grade carbon fiber production capacity

• Development of tailored fiber placement (TFP) preforms for optimized structural efficiency

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4️⃣ 7. Gurit Holding AG

Headquarters: Wattwil, Switzerland
Key Offering: Core materials, structural profiles, prepregs, and engineering services

Gurit is a specialist in composite materials and engineering, serving the wind energy, marine, and transportation markets. The company is renowned for its core materials (like PET and SAN foams) and its integrated approach to providing material solutions alongside engineering expertise.

Innovation & Market Focus:

• World-leading supplier of core materials for wind turbine blades

• Growing portfolio of sustainable and recyclable core material solutions

• Expansion into the automotive and industrial markets with lightweighting solutions

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3️⃣ 8. Owens Corning

Headquarters: Toledo, Ohio, USA
Key Offering: Fiberglass reinforcements, composites, and insulation materials

While known for its building materials, Owens Corning is a major force in glass fiber reinforcements used in composite manufacturing. Its Products and Composites Solutions segment supplies materials for transportation, electronics, and wind energy applications worldwide.

Innovation & Market Focus:

• Largest global manufacturer of glass fiber reinforcements

• Development of high-performance Advantex® and Turbo™ glass fibers for demanding applications

• Strategic focus on sustainability, including the use of recycled content and energy-efficient manufacturing

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2️⃣ 9. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Advanced epoxy resins, curing agents, and formulated systems

Huntsman’s Advanced Materials division is a leading global provider of epoxy-based resin systems for composite materials. These resins are critical for closed molding processes like RTM, infusion, and filament winding, used in wind energy, aerospace, and automotive industries.

Innovation & Market Focus:

• Innovations in fast-curing resin systems to reduce cycle times in mass production

• Development of sustainable Araldite® systems with bio-based and recyclable content

• Strong partnership network with fabricators and OEMs to co-develop application-specific solutions

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1️⃣ 10. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Polyurethane systems, epoxy resins, and Acrodur® bio-based binders

BASF’s performance materials and resin systems are extensively used in composite manufacturing. The company offers a wide range of chemistries for different closed molding processes, with a strong emphasis on developing solutions for the automotive and construction industries.

Innovation & Market Focus:

• Leading provider of polyurethane resin systems for the high-volume RTM process (HP-RTM)

• Development of Elastocoat® systems for composite surface protection and styling

• Focus on creating circular economy solutions, including chemically recyclable composites

Get Full Report Here: Global Closed Form Composite Market – View in Detailed Research Report

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🌍 Outlook: The Future of Closed Form Composites is Adaptive and Automated

The closed form composite market is experiencing a transformative phase, moving beyond niche aerospace applications into the mainstream of automotive and industrial manufacturing. The shift is driven by an urgent need for lightweighting to improve fuel efficiency in transportation and reduce the carbon footprint across industries.

📈 Key Trends Shaping the Market:

• Accelerated adoption of automated manufacturing processes like HP-RTM and compression molding for high-volume production

• Growing demand for thermoplastic composites due to their recyclability and shorter cycle times

• Rising investments in sustainable and bio-based materials to meet environmental regulations and consumer preferences

• Expansion of composites into new applications like hydrogen storage tanks and battery enclosures for the electric vehicle revolution

Get Full Report Here: Global Closed Form Composite Market – View in Detailed Research Report

The companies listed above are not just supplying materials—they are engineering the lightweight future of global industries, enabling breakthroughs in performance, efficiency, and sustainability.