Australia Composite Market

Australia Composite Market Overview:

The Australia composite market size reached USD 2.32 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.86 Billion by ​2033​, exhibiting a growth rate (CAGR) of 9.70% during ​2025-2033​. Market drivers include increasing demand for light, strong, and corrosion-proof material in core sectors of construction, automotive, and aerospace. However, increased infrastructure developments and government initiatives toward green building contribute to composite growth. The adoption of electric vehicles (EVs) and energy-efficient aircraft drives demand for composites with high performance. Demands from technological advancements in recyclable and bio-based composites also complement environmental compliances and customer demand, thereby contributing to Australia composite market share.

Australia Composite Market Trends:

Increasing Adoption in Construction and Infrastructure

Australian composite market is experiencing high growth with rising usage in construction and infrastructure applications. Composites like FRPs are imparting advantages such as light weight, corrosion resistance, and durability, and are well suited for bridge applications, facades, and building elements. This is spurred by investments by the government in infrastructure modernization and green building constructions. Composites minimize the cost of maintenance and enhance lifespan, which is congruent with the thrust of Australia toward sustainable and robust infrastructure. Furthermore, the flexibility of composites accommodates unique architectural designs, further enhancing the Australia composite market growth. The transition of the industry towards green building certifications also aids composites, as they have a lower carbon footprint than conventional materials such as steel or concrete. With further urbanization and infrastructure renewal, composites are increasingly a part of Australia's construction industry, enabling efficiency, sustainability, and resilience targets.

Advancements in Recycling and Sustainable Composites

Sustainability is one of the main trends influencing the Australia composite market, as there is increased focus on recycling and renewable materials. Recyclable composites are difficult to recycle because thermoset matrices are employed, but new developments in recyclable thermoplastics and bio-resins are on the rise. Australian industry and researchers are developing closed-loop recycling techniques, supporting circular economy objectives and greenhouse gas abatement targets. Bio-composites made from natural fibers and biodegradable polymers are being researched in the construction, automotive, and packaging industries. This green transition is also supported by industry, academia, and government partnerships that are driving commercialization of green composite technologies. Specifically, Australia's recycling industry adds almost USD 19 billion to the economy, and its creation of a job for every 430 tonnes of recycled material is worth mentioning. This supports the manner in which sustainability in composites not only minimizes environmental footprint but also stimulates economic development and innovation, with Australia being at the forefront of green composite development.

Growth in Automotive and Aerospace Applications

In Australia, the market for composites is growing strongly across automotive and aerospace applications. Composites such as carbon fiber and glass fiber reinforced plastics are being used to enhance fuel efficiency and performance by minimizing vehicle weight. This is particularly important in the shift towards electric vehicles (EVs) in the automotive industry, where lightweighting increases battery range and efficiency. In the same vein, aerospace industries use composites in aircraft components, improving strength-to-weight ratios and corrosion resistance. Increased emphasis on innovation, safety, and sustainability drives the trend. Australia's expanding aerospace industry, encouraged by government policies and research partnerships, also stimulates composite demand. Additionally, composites provide design flexibility, enabling manufacturers to create more aerodynamic and efficient cars and airplanes. Since both the automotive and aerospace sectors prioritize performance and sustainability, composites are increasingly important materials in manufacturing in Australia.

Australia Composite Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for ​2025-2033​. Our report has categorized the market based on product, MGF process, and application.

Product Insights:

• Carbon Fiber
• Glass Fiber
• Others

The report has provided a detailed breakup and analysis of the market based on the product. This includes carbon fiber, glass fiber, and others.

MFG Process Insights:

• Layup
• Filament
• Injection Molding
• Pultrusion
• Compression Molding
• RTM
• Others

A detailed breakup and analysis of the market based on the MGF process have also been provided in the report. This includes layup, filament, injection molding, pultrusion, compression molding, RTM, and others.

Application Insights:

• Automotive and Transportation
• Electrical and Electronics
• Wind Energy
• Construction and Infrastructure
• Pipes and Tanks
• Marine
• Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes automotive and transportation, electrical and electronics, wind energy, construction and infrastructure, pipes and tanks, marine, and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Composite Market News:

• In May 2025, Australia’s first home-grown orbital rocket, Eris, by Gilmour Space Technologies, is set to launch from a new pad in Bowen, North Queensland. The test flight, lasting about eight minutes over the Coral Sea, may carry a ceremonial jar of Vegemite into orbit. The rocket is expected to crash into the ocean post-launch. Flight clearance is granted from Thursday 7:30 am to 5:30 pm, with the launch window open until Monday.
• In September 2024, Intercontinental Exchange (ICE) has launched a new suite of indices for the Australian residential mortgage-backed securities (RMBS) market. These indices provide transparent benchmarks to track AUD-denominated RMBS performance across various credit ratings. The indices support research, benchmarking, and new financial product design. This launch enhances market transparency and helps investors evaluate performance amid the resilient Australian residential MBS market, backed by ICE’s global fixed income expertise.
• In April 2024, Wagners launched a new 356mm Fibre Reinforced Polymer (FRP) utility pole to address timber shortages in electricity networks. Manufactured in Queensland, these FRP poles offer high strength, lasting 80 years, and resist rot, corrosion, termites, and acid soils. Weighing a quarter of timber poles, they reduce transport and installation risks. This locally made solution provides durable, low-maintenance alternatives ideal for sensitive environments like wetlands.

Australia Composite Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia composite market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia composite market on the basis of product?
• What is the breakup of the Australia composite market on the basis of MRF process?
• What is the breakup of the Australia composite market on the basis of application?
• What is the breakup of the Australia composite market on the basis of region?
• What are the various stages in the value chain of the Australia composite market? 
• What are the key driving factors and challenges in the Australia composite market?
• What is the structure of the Australia composite market and who are the key players?
• What is the degree of competition in the Australia composite market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia composite market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia composite market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia composite industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.