Sports Composites Market

Sports Composites Market is trending with sustainable innovations by Toray Industries Inc.


Sports composites are advanced lightweight materials made up of resin reinforced with fibers like carbon, aramid or glass. They provide greater strength, stiffness and resilience than traditional materials. Sports composites find wide application in manufacturing of rackets, golf shafts, bicycle frames, hockey sticks, protective gear and more. Their lightweight yet durable properties enhance the performance of sporting goods.

The Global Sports Composites Market Share is estimated to be valued at US$ 6.62 Bn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the sports composites market are Toray Industries Inc., SGL Carbon, Fischer Sports Gmbh, TOPKEY CORPORATION, DUPONT DE NEMOURS, INC, Hexion, Inc, Toray Industries, Inc, SGL CARBON SE, Callaway Golf Company, Rockwest Composites, Arvind Composites, REIN4CED, Protech Composites, Protension Composites, Arevo, Inc, Entropy Resins. Key players like Toray Industries Inc. are investing in R&D to develop sustainable bio-based composites for sports equipment.

The global demand for sports composites is growing owing to the increasing popularity of sports and fitness activities. Manufacturers are focusing on developing advanced lightweight yet durable materials to enhance athlete performance. The demand is particularly high from golf, tennis, cycling and skiing industries.

The sports composites market is expanding globally with the growth of international sporting events and fitness culture. Regions like North America, Europe and Asia Pacific offer huge growth potential with rising health awareness and disposable income. Key players are focusing on these emerging economies for business expansion through partnerships and new product launches.

Market Key Trends

One of the key trends gaining traction in the sports composites market is the growing adoption of sustainable bio-based materials. With rising eco-consciousness, manufacturers are investing in R&D to develop renewable resins and reinforcements from natural fibers and resources like flax, hemp and pineapple leaf fibers. For instance, Toray Industries has commercialized Mirai(R), a plant-based carbon fiber produced from renewable biomass. Such innovations are reducing the industry’s dependence on conventional petroleum-derived fibers and driving the market growth.

Porter’s Analysis
Threat of new entrants: The sports composites industry requires high R&D investment and established customer relationships which make it difficult for new players to enter.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes and competitive market environment.
Bargaining power of suppliers: Suppliers have high bargaining power owing to their control over raw materials like carbon fiber and resin required for manufacturing.
Threat of new substitutes: Threat of substitutes is moderate since alternatives like metal provide similar properties but composites offer design flexibility.
Competitive rivalry: The market is dominated by few global players and intense competition exists based on product quality, innovation and pricing.

Geographical Regions
North America accounts for the largest share of the global sports composites market due to high demand from golf, tennis and cycling industries in the US.

Asia Pacific exhibits the fastest growth in the sports composites market owing to rising affordability, growth in sporting culture and increasing participation in sports. Countries like China, Japan and India are rapidly adopting composites for manufacturing sports goods and equipment.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it