Advanced Composites Market Size:
Advanced Composites Market was valued at USD 38.5 billion in 2023 and is expected to reach USD 91.1 Billion by 2032, growing at a CAGR of 10.07% from 2024-2032.
The advanced composites market is witnessing significant growth, driven by rising demand across various sectors, especially aerospace, automotive, and construction. Advanced composites, including carbon fiber reinforced polymers (CFRPs), glass fiber reinforced polymers (GFRPs), and aramid fibers, provide superior strength-to-weight ratios, corrosion resistance, and durability compared to conventional materials. For example, the aerospace industry is increasingly adopting CFRPs for aircraft structures to improve fuel efficiency and reduce weight. A notable instance is Boeing's 787 Dreamliner, which utilizes approximately 50% composite materials, leading to significant enhancements in fuel efficiency. In the automotive sector, manufacturers are turning to advanced composites to comply with stringent emissions regulations and enhance vehicle performance. The surge in electric vehicle (EV) production has further driven the demand for lightweight materials, highlighted by Tesla's incorporation of advanced composites in its vehicle designs to improve battery range and overall performance. Recent industry reports indicate a substantial rise in the use of composites in automotive applications, fueled by the shift toward lightweight and sustainable materials.
Advancements in manufacturing technologies, such as 3D printing and automated fiber placement, are also lowering production costs and making advanced composites more accessible. Companies like Hexcel and Toray Industries exemplify this trend, investing in innovative production methods to boost efficiency and minimize waste. Sustainability is another key growth driver, with manufacturers increasingly focusing on developing eco-friendly composite materials. The emergence of bio-based composites is noteworthy, as companies like BASF and Trex create sustainable alternatives that attract environmentally conscious consumers.
In summary, the advanced composites market is set for substantial expansion, driven by technological advancements, sustainability efforts, and rising demand from critical sectors, solidifying its essential role in the future of material science.
Market Dynamics
Drivers
These materials offer improved durability and resistance to corrosion, making them ideal for demanding environments.
Innovations in manufacturing processes, such as 3D printing and automated fiber placement, reduce costs and improve accessibility.
Increased production of electric vehicles necessitates lightweight materials to enhance battery efficiency and vehicle performance.
The rising production of electric vehicles (EVs) is significantly increasing the demand for advanced composites in the automotive industry. As manufacturers strive to enhance battery efficiency and overall vehicle performance, the need for lightweight materials has become critical. Advanced composites, including carbon fiber reinforced polymers (CFRPs) and glass fiber reinforced polymers (GFRPs), offer an excellent solution due to their remarkable strength-to-weight ratios. By substituting heavier traditional materials like steel and aluminum with these composites, EV manufacturers can significantly reduce the overall weight of their vehicles. This weight reduction directly improves battery efficiency, as lighter vehicles require less energy to operate, thereby extending the driving range of electric cars on a single charge. Additionally, advanced composites contribute to better vehicle performance by facilitating more innovative designs and enhancing aerodynamics. Their strength and flexibility allow for the creation of intricate shapes that improve airflow and decrease drag, further boosting energy efficiency. Companies like Tesla are at the forefront, integrating advanced composites into their vehicle designs to optimize performance while ensuring structural integrity and safety.
Furthermore, the automotive sector faces increasing pressure to comply with stringent emissions regulations. Lightweight vehicles generate less CO2, aligning with global sustainability objectives and aiding manufacturers in meeting regulatory standards. Advanced composites also offer enhanced resistance to corrosion and environmental damage, which adds to the durability and reliability of EVs.
In conclusion, the incorporation of advanced composites in electric vehicle production is essential for enhancing performance, improving battery efficiency, and adhering to regulatory standards. As the EV market continues to expand, the importance of advanced composites will only grow, propelling innovation and sustainability in the automotive sector.
|
Benefit |
Description |
|
Weight Reduction |
Decreases vehicle mass, improving battery efficiency and range. |
|
Enhanced Performance |
Enables innovative designs that improve aerodynamics and energy usage. |
|
Corrosion Resistance |
Increases durability, leading to lower maintenance costs over time. |
|
Safety and Strength |
Maintains high safety standards while using lightweight materials. |
|
Regulatory Compliance |
Assists in meeting emissions standards by reducing overall vehicle weight. |
|
Sustainability |
Supports the development of eco-friendly vehicles through recyclable materials. |
|
Design Flexibility |
Allows for complex shapes and structures that improve vehicle aesthetics and functionality. |
Restraints
The manufacturing processes for advanced composites are often more expensive compared to traditional materials, limiting widespread adoption.
The presence of alternative materials, such as metals and plastics, can hinder the growth of the advanced composites market.
Disruptions in the supply chain for raw materials can impact the availability and pricing of advanced composites.
Disruptions in the supply chain for raw materials can greatly affect the availability and pricing of advanced composites, which are essential in sectors such as automotive, aerospace, and construction. Advanced composites, like carbon fiber reinforced polymers (CFRPs) and glass fiber reinforced polymers (GFRPs), rely on specific materials, including carbon fibers, epoxy resins, and specialized additives. Challenges in sourcing these materials—such as production delays, transportation issues, or geopolitical tensions—can result in shortages. When supply chains are disrupted, manufacturers may find it difficult to obtain the materials necessary for producing advanced composites, leading to delays in production schedules. This can hinder their capacity to meet market demand, resulting in longer lead times for customers. Furthermore, diminished availability may push prices higher, as suppliers are likely to raise costs in response to scarcity. As a result, higher prices might deter manufacturers from using advanced composites, causing a shift back to traditional materials like metals and plastics.
Additionally, fluctuations in the prices of raw materials can introduce uncertainty for manufacturers, complicating their budgeting and financial planning. This instability can impede investment in advanced composites technology and innovation. In summary, maintaining a stable supply chain for raw materials is vital for the growth and sustainability of the advanced composites market, as it ensures consistent availability, competitive pricing, and continuous advancements in material technology.
The availability of alternative materials, such as metals and plastics, poses a notable challenge to the growth of the advanced composites market. Although advanced composites, including carbon fiber reinforced polymers (CFRPs) and glass fiber reinforced polymers (GFRPs), offer significant advantages—such as outstanding strength-to-weight ratios, corrosion resistance, and design flexibility—traditional materials continue to dominate various applications due to their established use and lower costs. Metals, such as aluminum and steel, are recognized for their strength and durability, making them the preferred choice in industries like automotive and aerospace. Conversely, plastics are valued for their lightweight nature and cost-effectiveness, particularly in applications where high strength is not critical. This widespread acceptance of alternative materials can limit the market penetration of advanced composites, as manufacturers may be reluctant to switch to these more expensive and less familiar options.
Additionally, the familiarity and established supply chains associated with metals and plastics further solidify their dominance in numerous sectors. Manufacturers often prioritize cost, ease of processing, and material availability, making it difficult for advanced composites to compete, especially in price-sensitive markets.
In summary, while advanced composites offer substantial benefits, the strong presence of alternative materials such as metals and plastics can hinder their adoption and growth. To gain traction, advanced composites must effectively demonstrate their value in performance, efficiency, and long-term cost savings to motivate a shift away from traditional materials.
Segment Analysis
By Product
The carbon fiber segment dominated the market and accounted for 67.25% revenue share in 2023, and is expected to grow at the fastest CAGR rate during the forecast period. The glass and carbon composites are dominant in using the aerospace industry because of their lightweight and exceptional impact resistance properties, which drives market opportunity. Besides, there is increasing demand for these materials in automotive, sporting goods and pipes & tanks applications. Reduced heat and impact resistance make them quite beneficial for pipe and tank manufacturing while the rising popularity of lightweight solutions will probably drive their demand in sporting goods.
Advanced glass composites will grow significantly during the forecast period, as they outperform other composites with their unique properties dimensional stability, moisture resistance, high strength, fire and chemical resistance electrical resistivity and thermal conductivity. This means that glass composites can be used for a lot of different purposes such as the electrical insulation space, various manufacturing processes, and even marine applications. Besides, the process of manufacturing glass fibers into a polymer matrix is quite economical and facilitates high strength fibers with molten material in amore attractive way. In addition, glass fibers' chemical inertness, combined with the inert properties associated with plastics, make them well-suited for many corrosive environments.
By Application
In 2023, the automotive segment dominated the market, achieving a notable revenue share of 15.75% and is projected to experience the highest compound annual growth rate (CAGR) over the forecast period. This growth is largely driven by a rising demand for durable, lightweight, and conductive materials within the automotive sector. The global automotive market is witnessing steady expansion, spurred by continuous technological advancements, an urgent need for emission reductions, and shifting economic conditions in emerging markets like India and Brazil. These factors are likely to boost the demand for advanced composites in automotive applications.
Furthermore, the increasing appetite for air travel and heightened consumer spending are anticipated to serve as significant growth drivers for the aerospace sector throughout the forecast period, thereby benefiting the advanced composites market. Additionally, rising investments in the defense industry are expected to further escalate the demand for aramid composites. With global political tensions on the rise, funding for the defense sector is projected to increase, which is likely to positively impact the demand for these products in the years to come.
Regional Analysis
In 2023, North America emerged as the leader in the advanced composites market, holding a substantial revenue share of 39.74%. The automotive sector in North America ranks among the largest in the world, with the U.S. recognized as a key automobile manufacturer. This dominant position, along with high consumer disposable income, efficient mass production capabilities, and a diverse range of product offerings, has greatly fueled industry growth in the region. As a result, the consumption of advanced composites in automotive applications is expected to increase significantly.
Conversely, the advanced composites market in Europe is anticipated to experience a considerable compound annual growth rate (CAGR) during the forecast period. The swift growth of the wind energy sector, particularly in Germany and Spain, is expected to drive the demand for composites. Furthermore, the strong expansion of the aerospace and defense industries in the region is projected to positively influence the advanced composites market.
Key Players
The Major key Players are
Hexcel Corporation - Hexcel Composites
Toray Industries, Inc. - Toray Advanced Composites
Solvay S.A. - Solvay Composite Materials
Teijin Limited - Teijin Composites
SGL Carbon SE - SGL Composites
Mitsubishi Chemical Corporation - Mitsubishi Chemical Advanced Materials
3M Company - 3M Advanced Materials
BASF SE - BASF Advanced Materials
Huntsman Corporation - Huntsman Advanced Materials
DSM Company - DSM Composite Resins
Covestro AG - Covestro Composite Solutions
Axiom Materials, Inc. - Axiom Advanced Composites
Royal Ten Cate N.V. - TenCate Advanced Composites
Zoltek Companies, Inc. - Zoltek Carbon Fiber
General Electric Company - GE Aviation Composites
Northrop Grumman Corporation - Northrop Grumman Aerospace Composites
Gurit Holding AG - Gurit Composites
Lanxess AG - Lanxess High Performance Materials
Boeing Company - Boeing Commercial Airplanes (Composites Division)
Airbus S.A.S. - Airbus Composites Division
Raw Material Suppliers Name
Hercules
Huntsman Advanced Materials
DuPont
Trevira GmbH
Kieselguhr
Asahi Kasei
BASF
Covestro AG
SABIC
Toray Industries
3M
SGL Carbon
Recent Developments
In July 2024, Hexcel announced a collaboration with the University of Bristol to develop innovative carbon fiber applications for aerospace and automotive industries
In August 2024, Toray launched a new high-performance carbon fiber aimed at enhancing the efficiency of wind turbine blades
In September 2024, BASF launched a new range of thermoplastic composites specifically for the automotive industry, emphasizing sustainability
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 38.5 Billion |
| Market Size by 2032 | USD 91.1 Billion |
| CAGR | CAGR of 10.07 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Aramid Fiber, Carbon Fiber, Glass Fiber) • By Resin (Advanced Thermosetting Composites, Advanced Thermoplastic Composites) • By Application (Aerospace & Defense, Automotive, Wind Energy, Sporting Goods and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | HashiCorp, Amazon Web Services (AWS), Microsoft, Google Cloud, Red Hat, IBM, VMware, Puppet, Chef, Atlassian,GitLab |
| Key Drivers | • These materials offer improved durability and resistance to corrosion, making them ideal for demanding environments. • Innovations in manufacturing processes, such as 3D printing and automated fiber placement, reduce costs and improve accessibility. |
| RESTRAINTS | • The manufacturing processes for advanced composites are often more expensive compared to traditional materials, limiting widespread adoption. • The presence of alternative materials, such as metals and plastics, can hinder the growth of the advanced composites market. |
Ans- Advanced Composites Market was valued at USD 38.5 billion in 2023 and is expected to reach USD 91.1 Billion by 2032, growing at a CAGR of 10.07% from 2024-2032.
Ans- the CAGR of Advanced Composites Market during the forecast period is of 10.07% from 2024-2032.
Ans- In 2023, The North America dominated the market and held the significant revenue share in 2023.
Ans- one main growth factor for the Advanced Composites Market is
Ans- Challenges in Advanced Composites Market are
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Adoption Rates of Emerging Technologies
5.2 Network Infrastructure Expansion, by Region
5.3 Cybersecurity Incidents, by Region (2020-2023)
5.4 Cloud Services Usage, by Region
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Advanced Composites Market Segmentation, By Product
7.1 Chapter Overview
7.2 Aramid Fiber
7.2.1 Aramid Fiber Market Trends Analysis (2020-2032)
7.2.2 Aramid Fiber Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Carbon Fiber
7.3.1 Carbon Fiber Market Trends Analysis (2020-2032)
7.3.2 Carbon Fiber Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Glass Fiber
7.4.1 Glass Fiber Market Trends Analysis (2020-2032)
7.4.2 Glass Fiber Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Advanced Composites Market Segmentation, by Resin
8.1 Chapter Overview
8.2 Advanced Thermosetting Composites
8.2.1 Advanced Thermosetting Composites Market Trends Analysis (2020-2032)
8.2.2 Advanced Thermosetting Composites Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Advanced Thermoplastic Composites
8.3.1 Advanced Thermoplastic Composites Market Trends Analysis (2020-2032)
8.3.2 Advanced Thermoplastic Composites Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Advanced Composites Market Segmentation, by Application
9.1 Chapter Overview
9.2 Aerospace & Defense
9.2.1 Aerospace & Defense Market Trends Analysis (2020-2032)
9.2.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Automotive
9.3.1 Automotive Market Trends Analysis (2020-2032)
9.3.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Wind Energy
9.4.1 Wind Energy Market Trends Analysis (2020-2032)
9.4.2 Wind Energy Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Sporting Goods
9.5.1 Sporting Goods Market Trends Analysis (2020-2032)
9.5.2 Sporting Goods Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Others
9.6.1 Others Market Trends Analysis (2020-2032)
9.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.2.4 North America Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.2.5 North America Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.2.6.2 USA Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.2.6.3 USA Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.2.7.2 Canada Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.2.7.3 Canada Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.2.8.2 Mexico Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.2.8.3 Mexico Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.1.6.2 Poland Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.1.6.3 Poland Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.1.7.2 Romania Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.1.7.3 Romania Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.2.4 Western Europe Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.2.5 Western Europe Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.2.6.2 Germany Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.2.6.3 Germany Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.2.7.2 France Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.2.7.3 France Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.2.8.2 UK Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.2.8.3 UK Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.2.9.2 Italy Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.2.9.3 Italy Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.2.10.2 Spain Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.2.10.3 Spain Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.2.13.2 Austria Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.2.13.3 Austria Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.4.4 Asia Pacific Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.4.5 Asia Pacific Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.4.6.2 China Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.4.6.3 China Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.4.7.2 India Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.4.7.3 India Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.4.8.2 Japan Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.4.8.3 Japan Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.4.9.2 South Korea Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.4.9.3 South Korea Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.4.10.2 Vietnam Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.4.10.3 Vietnam Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.4.11.2 Singapore Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.4.11.3 Singapore Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.4.12.2 Australia Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.4.12.3 Australia Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.5.1.4 Middle East Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.5.1.5 Middle East Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.5.1.6.2 UAE Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.5.1.6.3 UAE Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.5.2.4 Africa Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.5.2.5 Africa Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.6.4 Latin America Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.6.5 Latin America Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.6.6.2 Brazil Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.6.6.3 Brazil Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.6.7.2 Argentina Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.6.7.3 Argentina Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.6.8.2 Colombia Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.6.8.3 Colombia Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Advanced Composites Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 Hexcel Corporation
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Toray Industries, Inc
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Solvay S.A.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Teijin Limited
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 SGL Carbon SE
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Mitsubishi Chemical Corporation
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.73M Company
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Digital Realty
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 BASF SE
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Huntsman Corporation
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
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Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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Key Segments:
By Product
Aramid Fiber
Carbon Fiber
Glass Fiber
By Resin
Advanced Thermosetting Composites
Advanced Thermoplastic Composites
By Application
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest Of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
Advanced Lead Acid Battery Market Size was valued at USD 23.8 billion in 2023 and is expected to reach USD 39.39 billion by 2031 and grow at a CAGR of 6.5% over the forecast period 2024-2031.
The Catalyst Carrier Market size was valued at USD 413 Million in 2023. It is expected to grow to USD 770.1 Million by 2032 and grow at a CAGR of 7.2% over the forecast period of 2024-2032.
The Bio Solvents Market Size was USD 4.0 Billion in 2023. It is expected to grow to USD 5.7 Billion by 2032 and grow at a CAGR of 4.01% by 2024-2032.
Battery Metals Market Size was valued at USD 17.26 billion in 2023. It is expected to reach USD 34.79 billion by 2032 and grow at a CAGR of 8.1% over the forecast period 2024-2032.
The Greenhouse Film Market was valued at USD 7.01 billion in 2023 and is expected to reach USD 13.76 billion by 2032 and grow at a CAGR of 7.10% over the forecast period 2024-2032.
The Windows & Doors Market size was USD 205.95 billion in 2023 and is expected to Reach USD 318.47 billion by 2031 and grow at a CAGR of 5.6% over the forecast period of 2024-2031.
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