Advanced Composites Market Regional Analysis

North America is expected to dominate the market during the forecast period, with a sizable market share due to rising demand in the automotive, aerospace, and defence industries. North America's automotive sector is one of the largest in the world, with the United States being one of the largest automobile producers. The US market has grown as a result of its large market size and significant disposable income of consumers, as well as its ability to mass produce and offer a wide range of products.

The European advanced composites market is expected to grow significantly during the forecast period, accounting for a significant revenue share in 2021. The growing demand for sustainable renewable energy, combined with the increased installation of wind turbines in Spain, Germany, and the United Kingdom, is expected to boost demand. The regional market is expected to grow due to the rapid growth of the industry and the increasing installation of onshore and offshore wind energy plants.