Composites Market was volume at 13.39 Million Tonnes in 2023. Global Composites Market Volume is estimated to grow at a CAGR of 3.67%.
Composites Market Overview
Composites Market is a leading in research firm that has conducted an extensive analysis of the “Composites Market.” The comprehensive report comprises crucial business insights, demand analysis, pricing trends, and a competitive landscape.
Composites Market Scope and Methodology:
The report offers a comprehensive review of the Composites market. The report provides an in-depth analysis of market trends and highlights, assisting clients in identifying opportunities and formulating effective market strategies.
The study also identifies emerging regions poised to become key markets for Composites. To evaluate strengths and weaknesses, a SWOT analysis was performed, while a PESTLE analysis provided insights into the impact of microeconomic factors. These analytical tools offer valuable insights into market dynamics and future growth prospects.
Composites Market Regional Insights
The Regional Analysis section offers insights into the current status of the Composites market in different countries covered in the report. The market is broadly segmented into key regions, namely North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. This segmentation allows for a comprehensive understanding of market trends and opportunities in each geographic area.
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Composites Market Segmentation:
by Fiber Type
Glass Fiber Composites
Carbon Fiber Composites
Natural Fiber Composites
Glass fiber composites, carbon fiber composites, and natural fiber composites are the three market segments for composites. In 2022, the Glass Fiber Composites market category accounted for 62% of the total market. The increase in demand for the product from the automotive, electrical and electronics, building, transportation, and wind energy industries is credited with driving the segment growth. The better qualities of glass fiber composites, such as their high strength, light weight, high durability, and good weather resistance, are driving up demand for the product across a variety of end-use sectors.
by Resin Type
Thermoset Composites
Thermoplastic Composites
by Manufacturing
Process Layup Process
Filament Winding Process
Injection Molding Process
Pultrusion Process
Compression Molding Process
Resin Transfer Molding Process
Others
by End-User
Automotive & Transportation
Aerospace & Defense
Wind Energy
Electrical & Electronics
Construction & Infrastructure
Pipes & Tanks
Marine
Others
The Automotive & Transportation, Aerospace & Defense, Wind Energy, Electrical & Electronics, Construction & Infrastructure, Pipes & Tanks, Marine, and Others segments make up the Composites Market. In 2022, the Automotive & Transportation sector accounted for 24% of the market. Automotive producers all around the world are looking for lightweight materials for vehicles that may offer high fuel efficiency and comply with environmental standards and low carbon emission requirements. Additionally, a variety of elements, the battery housing, and storage tanks are all made using composite materials for use in electric vehicles (EVs). During the forecast period, the increased demand for electric vehicles (EVs) is also anticipated to boost demand for composites from the automotive & transportation sector.
Composites Market Key Players:
1. Teijin Limited
2. Toray Industries
3. Owens Corning
4. PPG Industries
5. Huntsman Corporation
6. Hexcel Corporation
7. E. I. DuPont Nemours & Co.
8. Faurecia
9. Performance Composites Inc.
10. Enduro Composites
11. APPLIED POLERAMIC INC.
12. KINECO
13. Creative Composites Ltd.
14. HITCO Carbon Composites
15. Quadrant Group of Companies
16. BGF Industries
17. FACC AG
18. Premium Aerotec
19. Fokker Aerostructures
20. COTESA GmbH
21. Wethje Carbon Composites
22. VELLO NORDIC AS
23. Fiberdur GmbH & Co. KG
24. Akiet B.V.
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Key questions answered in the Composites Market are:
- What is Composites?
- What was the Composites market size in 2023?
- What is the growth rate of the Composites Market?
- Which are the factors expected to drive the Composites market growth?
- What are the different segments of the Composites Market?
- What growth strategies are the players considering to increase their presence in Composites?
- What are the upcoming industry applications and trends for the Composites Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Composites Market?
- What major challenges could the Composites Market face in the future?
- What segments are covered in the Composites Market?
- Who are the leading companies and what are their portfolios in Composites Market?
- What segments are covered in the Composites Market?
- Who are the key players in the Composites market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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