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.
Composite materials market share worldwide in 2023, by application
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 1-2 % of the total market and thus have only a marginal influence on overall market share data.
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AVK. (February 29, 2024). Composite materials market share worldwide in 2023, by application [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1472710/global-composite-materials-market-share-by-application/
AVK. "Composite materials market share worldwide in 2023, by application." Chart. February 29, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1472710/global-composite-materials-market-share-by-application/
AVK. (2024). Composite materials market share worldwide in 2023, by application. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1472710/global-composite-materials-market-share-by-application/
AVK. "Composite Materials Market Share 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, Composite materials market share worldwide in 2023, by application Statista, https://www.statista.com/statistics/1472710/global-composite-materials-market-share-by-application/ (last visited November 22, 2024)
Composite materials market share 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/
