The transportation sector accounted for the largest share of total composites market worldwide in 2024, at 49.8 percent. The transportation sector includes the production of passenger cars, aviation, and other commercial vehicles.
The electronics sector accounted for the second-largest share of the global composites market in 2024, at 21.2 percent.
Market share of composite materials worldwide in 2023, by application
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Market share of composite materials worldwide in 2023, by application
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Includes short fiber Reinforced Thermoplastics, long-/Endless Fiber Reinforced Thermoplastics (LFT/GMT/CFRTP), long-/Endless Fiber Reinforced Thermosets Non-Crimp-Fabrics.
Carbon Fiber Reinforced Plastics (CRP) volumes are not included as they only account for around one to two percent of the total market and thus have only a marginal influence on overall market share data.
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AVK. (February 29, 2024). Market share of composite materials worldwide in 2023, by application [Graph]. In Statista. Retrieved April 15, 2025, from https://www.statista.com/statistics/1472710/global-composite-materials-market-share-by-application/
AVK. "Market share of composite materials worldwide in 2023, by application." Chart. February 29, 2024. Statista. Accessed April 15, 2025. https://www.statista.com/statistics/1472710/global-composite-materials-market-share-by-application/
AVK. (2024). Market share of composite materials worldwide in 2023, by application. Statista. Statista Inc.. Accessed: April 15, 2025. https://www.statista.com/statistics/1472710/global-composite-materials-market-share-by-application/
AVK. "Market Share of Composite Materials Worldwide in 2023, by Application." Statista, Statista Inc., 29 Feb 2024, https://www.statista.com/statistics/1472710/global-composite-materials-market-share-by-application/
AVK, Market share of composite materials worldwide in 2023, by application Statista, https://www.statista.com/statistics/1472710/global-composite-materials-market-share-by-application/ (last visited April 15, 2025)
Market share of composite materials worldwide in 2023, by application [Graph], AVK, February 29, 2024. [Online]. Available: https://www.statista.com/statistics/1472710/global-composite-materials-market-share-by-application/
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