Composites Market Overview
The Composites market is characterized by constant innovation, driven by technological advancements and ever-changing consumer preferences. Our market overview serves as a vital resource for businesses to navigate this dynamic landscape, enabling informed decision-making and the ability to capitalize on emerging opportunities.
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Market Value :
The Composites Market was volume at 13.39 Million Tonnes in 2022. Global Composites Market Volume is estimated to grow at a CAGR of 3.67%.
Composites Market Report Scope and Research Methodology
Our extensive Composites market report presents a comprehensive estimation of market sizes and segments, considering both qualitative and quantitative aspects. We explore the drivers, challenges, and investment opportunities for stakeholders, offering valuable insights to foster higher growth in the Composites market. By analyzing major companies’ competitiveness, products, and regional markets, we utilize primary and secondary research to provide an in-depth perspective.
Composites Market Segment Analysis:
The Composites Market is divided into Glass Fibre Composites, Carbon Fibre Composites, and Natural Fibre Composites based on the type of fibre used. In 2022, the Glass Fibre 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 increased qualities of glass fibre 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.
The Automotive & Transportation, Aerospace & Defence, Wind Energy, Electrical & Electronics, Construction & Infrastructure, Pipes & Tanks, Marine, and Others segments of the Composites Market are based on End-Use. 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 Regional Insights
The report offers a comprehensive analysis encompassing all factors, such as market size, growth rate, and import-export activities across different regions. Through regional analysis, we provide a detailed examination of the current status of the Composites market in various countries.
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Composites Market Key Companies
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.
Table of Content: Composites Market
Part 01: Executive Summary
Part 02: Scope of the Composites Market Report
Part 03: Global Composites Market Landscape
Part 04: Global Composites Market Sizing
Part 05: Global Composites Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Composites Market are:
- What is Composites ?
- What was the Composites market size in 2022?
- 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 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
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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