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
The report on Composites Market provides a comprehensive overview, encompassing market segmentation based on Segmentation and region. It estimates the market’s value for the forecasted period, highlighting major opportunities, CAGR, and annual growth rate.
Composites Market Report Scope and Research Methodology
The research for this report incorporates a comprehensive market segmentation, covering type, application, form, and region of the Composites Market. It estimates the market in terms of USD value for the forecasted period, providing major opportunities, Compound Annual Growth Rate (CAGR), and annual growth rate. The report adopts a bottom-up approach to accurately estimate the Composites Market size. Data from both international and domestic markets are analysed, including landscape analysis, trade insights, and key regions of development, ensuring a thorough market analysis. Additionally, the report includes product development details, such as current technologies, new product launches, and research and development activities, all of which contribute to market growth. For a deeper understanding of market strategies, business segmentation, and the geographic region of major players, the report offers an in-depth analysis.
Composites Market Regional Insights
North America dominated the largest market share in 2022 and is expected to significantly grow during the forecast period. Asia Pacific is a fast-growing region in a Composites market. Europe expected a sustainable growth during the forecast period.
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Composites Market Segmentation:
by Fiber Type
Glass Fiber Composites
Carbon Fiber Composites
Natural Fiber Composites
the Composites Market is segmented into Glass Fiber Composites, Carbon Fiber Composites, and Natural Fiber Composites. The Glass Fiber Composites segment held the largest market share, accounting for 62% in 2022. The segment growth is attributed to the growing demand for the product from the Automotive, electrical and electronics, construction, transportation, and wind energy industries. Glass fiber composites offer greater properties including high strength, lightweight, high durability, and good weather-resistant, which are fueling the product demand in several end-use industries.
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 Composites Market is segmented into Automotive & Transportation, Aerospace & Defense, Wind Energy, Electrical & Electronics, Construction & Infrastructure, Pipes & Tanks, Marine, and Others. The Automotive & Transportation segment held the largest market share, accounting for 24% in 2022. Automotive manufacturers across the globe are searching for lightweight vehicle materials, which can provide high fuel efficiency and meet the norms and regulations regarding environmental issues and low carbon emission. In addition, the composite materials are broadly utilized in electric vehicles (EVs) to make several components and parts, battery housing, and storage tanks. The growing demand for electric vehicles (EVs) is also expected to increase the demand for composites from the automotive & transportation segment during the forecast period.
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 Composites Market are:
- Who are the key players in the Composites market?
- What is the demand pattern for the Composites market?
- What is the expected Composites Market size by the end of the forecast period?
- What are the global trends in the Composites Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Composites Market?
- How is the intervention from regulatory authority is shaping the Composites Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- 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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