Filament Wound Composites Market - Forecasts from 2025 to 2030

The Filament Wound Composites Market, valued at US$1,103.344 million in 2030 from US$823.306 million in 2025, is projected to grow at a CAGR of 6.03% through 2030.

The demand for filament wound composites is growing owing to the light weight and strength of materials and their application across various industries. Key applications include aerospace, wind energy, and pressure vessels that benefit from the process of producing strong, tough, and precision-engineered structures.

Market Trends:

• Driving Factors:
• Renewable Energy Sector: Growth in renewable energy, particularly wind energy, is a key driver. Filament wound composites are used in wind turbine blades and nacelle covers due to their lightweight, durable, and high-strength properties. Investment in wind generation increased by 20% in 2022.
• Automotive Industry: Increasing demand for electric vehicles (EVs) is boosting the market, especially in regions like France, which saw a 21% increase in electric and plug-in hybrid vehicle registrations in May 2024. The transition towards fuel-efficient vehicles is driving the use of filament wound composites.
• Aerospace Sector: The aerospace sector benefits from using filament wound composites to enhance fuel efficiency and reduce aircraft weight. The increasing demand for lightweight materials in aerospace is a primary driver.
• Trends:
• High-Performance Materials: Development of high-performance materials such as carbon fiber reinforced polymers (CFRPs) and advanced resins is a major trend.
• Sustainability: The industry is focusing on sustainability by using recycled materials and eco-friendly manufacturing processes.
• Geographical Outlook:
• North America: North America is expected to dominate the market. The United States automotive industry is the world's second-largest vehicle production and sales market, driving demand for filament wound composites.
• Asia-Pacific: Civil aviation is one of the fastest-growing sectors in India, which is projected to have more than 500 million domestic and international air travelers by 2030

Some of the major players covered in this report include Amalga Composites, TANIQ, Albany International, Advanced Composites Inc, Reliance Composites among others.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Filament Wound Composites Market Segmentation:

By Product Type

• Cylinders and Tubes
• Structural Components
• Insulation Components

By End Use Industry

• Aerospace
• Automotive
• Marine
• Energy
• Sports and Recreation
• Military

By Geography

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa