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The Composites Market Size was USD 104.6 Billion in 2023 and is expected to reach USD 231.2 Billion by 2032 and grow at a CAGR of 9.2% over the forecast period of 2024-2032.
The composites market is emerging across numerous sectors, like in the automotive industry, composites pave the way for lighter vehicles. This translates to significant benefits to improved fuel efficiency and reduced emissions, at the top for consumers and environmental regulations. As manufacturers raise the operating cost driven by the fuel economy, demand for composites is expected to soar. Their lightweight nature makes them perfect for crafting airplanes that fly farther and cleaner. But the benefits extend beyond transportation. Construction is another industry poised to witness a surge in composite use. Their impressive strength and resistance to environmental wear and tear make them ideal for building materials, infrastructure projects, and even eco-friendly housing options. Composites are more than just a material; they represent a future-proof solution for a world demanding innovation and sustainability.
The U.S. Department of Energy highlights that reducing vehicle weight by 10% can improve fuel efficiency by 6-8%. Composite materials help automakers meet stringent emission standards, such as the EU's 2030 CO2 targets for passenger cars, which require a 37.5% reduction compared to 2021.
Glass fiber materials and the industries related to construction, and infrastructure are progressively gaining attention for their longevity power of fragility as well as optimization in terms of price because environmental degradation is economically attractive for composite production. Glass fiber composites, which are of high strength-to-weight ratio and corrosion-resistant, are becoming an important component in constructing durable infrastructure. They are extensively used in scenarios that include, but are not limited to bridges, facades, and reinforcement materials where their durability provides a dramatic reduction of maintenance costs over traditional steel or concrete. On top of that, they are easier to transport and install due to being light in weight thus making them apt for large-scale projects. This increasing trend of construction towards composites complements the enterprise-driven demand for sustainable and resilient materials that can withstand exposure to harsh environmental conditions while playing a major role in energy-efficient eco-friendly building practices.
For instance, Owens Corning initiated a strategic review of its Glass Reinforcements (GR) business in February 2024. This move aims to strengthen the company's focus on sustainable building materials. Owens Corning’s GR business, which generates significant revenue, supplies advanced glass fiber products for applications in infrastructure and other markets, showcasing the growing emphasis on durable and cost-efficient composites for construction projects.
Drivers
Regulations aimed at reducing pollution and greenhouse gas emissions are pushing industries.
Growing demand for lightweight materials in the composites market drives the market growth.
One of the most important triggers for growth in end-user industries is the increased need for lightweight materials, which is among the major driving forces of the composites market. Composites (carbon fiber, glass fiber reinforced polymers) are stronger by weight than steel or aluminum. As a result, they are very attractive for automotive and aerospace applications since reduced vehicle and aircraft mass convert directly to fuel economy gain and emission reductions. Factors such as strict emission regulations in markets like Europe or North America have imposed additional incentives for the use of lightweight composites.
In construction, such materials allow for strong but lightweight structures so that logistical concerns and installation costs remain manageable. The decreased weight of composite blades improves energy efficiency in renewable energy applications, particularly wind turbine production. Consumer demand for sustainable products has also played a role in stimulating the innovation of bio-based lightweight composites. Such innovations are in line with global sustainability objectives, like carbon neutrality targets from governments around the world. Driven by the need for well-positioned lightweight materials through a lucrative composites market as industries focus on efficiency, sustainability, and regulations change the demand is sure to grow leading to expected innovation and expansion in various applications.
Restraint
Lack of standardization and manufacturing processes for the composites market hamper the market growth.
Developing and manufacturing composite products often involve significant non-recurring expenses. Unlike established materials, composites require investments in specialized techniques and tooling, which can be a barrier for some industries. The lack of standardized processes and material properties for composites creates uncertainty for manufacturers. This can lead to difficulties in maintaining consistent quality and hinders the development of efficient mass production methods in critical sectors like automotive and aerospace. Furthermore, the absence of established standards discourages the exploration of composites for new applications, pushing manufacturers to stick with familiar, traditional materials.
Opportunities
Carbon fiber is becoming increasingly popular for CNG and hydrogen storage due to its superior properties and it raises the opportunity.
The overuse of the term CNG (Compressed Natural Gas) and hydrogen storage systems is attributable to carbon fiber's superior properties including high strength-to-weight ratio, corrosion resistance, and capability for sustaining high pressures. Therefore, it is the perfect material for gas storage (as CNG or hydrogen) that requires that sort of container. The weight of traditional metal tanks is considerably more than that of composite ones, which minimizes the overall weight burden on the system and makes it more economical and energy-efficient. Such a lightweight property is particularly crucial in transportation because the weight of fuel storage systems affects both vehicle performance and fuel economy. The corrosion-resistance property of carbon fiber will also increase the service life of the tanks, significantly decreasing maintenance needs and increasing storage system safety.
By Fiber Type
On the basis of fiber type, in 2023, the Composites Market is dominated by the Glass fiber composites sub-segment with a market share of more than 65%. Its wide appeal can be attributed to the unique combination of strength, stiffness, and lightness. Another point that makes glass fiber equally ideal for use in composites is its high impact resistance. combination of carbon fiber and plastic resin gives us a polymer called carbon fiber reinforced polymer. It is widely used in the making of aircraft, inside and outside the plane. CFRP composites have high strength while at the same time, they are very lightweight especially when produced as sandwich structures. That means more fuel-efficient, less maintenance-intensive engines that meet stringent environmental regulations in Europe and North America, a win-win for aircraft OEMs.
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By Manufacturing Process
The Lay-up sub-segment dominated the composites market in 2023, It is projected to capture a revenue share of 40%. This dominance is expected to continue due to its growing use in manufacturing boats, wind turbine blades, and architectural moldings. This method allows for creating a wide range of shapes and sizes for composite products at a lower cost. From marine prototypes to storage tanks, wet layup finds application in diverse end-uses. This technique utilizes prepregs, which are per-impregnated fibers containing cured resin. These fibers are then molded under high heat and pressure within a cavity.
By End-Use
The s Automotive &Transportation has dominated the composites market having the highest revenue share accounting for 25.0% in 2023 among end-use industry-wise segmentation. Composites are entering a variety of transport modes, from cars to trucks, trailers, buses, trains, subways, and motorcycles. Because they represent a unique ratio between value and esotericism, providing strong lightness (and boasting quite the compromise to metals), this makes it such an attractive alternative. While this reduction in weight does not equate to the same stiffness, composites can match and even exceed metals in strength by volume, which allows manufacturers to build lighter parts. As a result, the transportation industry can expect several benefits.
The Asia Pacific region dominated the composites market which held over 47.3% share of global demand in 2023. This dominance is poised to continue with significant projected growth in the coming years. Several factors contribute to Asia Pacific's attractiveness for manufacturers across industries like automotive, construction, aerospace, and electronics. Major economies like China, India, and Japan boast a strong presence of key composite manufacturers, The US market focuses on the automotive industry's growing appetite for lightweight materials. Additionally, factors like rising electrical & electronics production capacity and steady growth in automotive and aerospace sectors are expected to propel further industry expansion in the forecast period.
Moreover, the increase in electrical and electronics production capacity in the region acts as one of the major factors that is expected to boost demand for composites over the forecast period, especially in the consumer electronics sector, where lightweight and resilient materials are ideal. Besides, the heightened adoption of construction applications like bridges and green buildings is another factor raising the demand for composites in the region, following its infrastructure development. Owing to the increase in automotive and aerospace applications, along with government push towards green technology, Asia Pacific is expected to maintain its relatively large share of the global composites market during the forecast period.
Teijin Ltd. (Tenax, Teijin Carbon)
Toray Industries, Inc. (Torayca, T300)
Owens Corning (Corning Advantex, Corning Thor)
PPG Industries, Inc. (PPG Fiber Glass, PPG 1250)
Huntsman Corporation LLC (Araldite, Rigidex)
SGL Group (SIGRAFIL, SGL Automotive Composites)
Hexcel Corporation (HexPly, HexWeb)
DuPont (Kevlar, Tyvek)
Compagnie de Saint-Gobain S.A. (Bostic, Lamicote)
Weyerhaeuser Company (TruWood, FiberBond)
Momentive Performance Materials, Inc. (Momentive TufRok, Momentive Silicones)
Cytec Industries (Solvay, S.A.) (Cycom, MTM)
China Jushi Co., Ltd. (Jushi Glass Fiber, Jushi E-glass)
Kineco Limited (Kineco Composite Materials, Kineco Pultrusion)
Veplas Group (Veplas Bending Composites, Veplas Resin Systems)
BASF (MALON, Malepox)
Dow (MA/MAI Resin, DURABAK)
Lanxess (Araldit, Laromin)
Mitsubishi Chemical Corporation (Durable Carbon Fiber, MCT Resin)
Formosa Plastics Corporation (Formosa Composites, PVC Resin)
In February 2024, Owens Corning solidified its position in the building and construction materials industry through a significant acquisition. The company invested USD 3.9 billion to acquire Masonite, a move that also bolsters their glass reinforcement business within the Composites segment.
In February 2023, Solvay and Spirit AeroSystems joined forces to revolutionize sustainable aircraft technologies and processes. This collaboration focuses on research initiatives alongside Spirit's partners in industry, academia, and the supply chain.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 104.6 Billion |
| Market Size by 2032 | US$ 231.2 Billion |
| CAGR | CAGR of 9.2% 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 Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites, Other Fiber Composites) • By Resin Type (Thermoset Composites, Thermoplastic Composites) • By end-use industry (Aerospace & defense,Wind Energy, Automotive & Transportation, Constr, ction & Infrastructure, Marine, Pipe & Tan, Electrical & Electronics, Others) • By Manufacturing Process (Lay-up, Filament Winding, Injection Molding, Pultrusion, Compression Molding, RTM, 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 | Solvay (Belgium), Hexion (US), Toray Industries Inc. (Japan), Jushi Group Co., Ltd (China), Hexcel Corporation (US), Owens Corning (US), Teijin Limited (Japan), PPG Industries, Inc. (US), SGL Carbon (Germany), Mitsubishi Chemicals Corporation (Japan), Huntsman International LLC (US). |
| DRIVERS | • After COVID-19, the composites market will be driven by government stimulus programmes. • Utilization and demand for composites are both on the rise. |
| Restraints | • Manufacturing technology are not standardised. • High Prices |
Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Solvay (Belgium), Hexion (US), Toray Industries Inc. (Japan), Jushi Group Co., Ltd (China), Hexcel Corporation (US), Owens Corning (US), Teijin Limited (Japan), PPG Industries, Inc. (US), SGL Carbon (Germany), Mitsubishi Chemicals Corporation (Japan) and Huntsman International LLC (US) are the major key players of Composites Market.
Ans: Manufacturing technology are not standardised and High Prices are the restraints for Composites Market.
Ans. The projected market size for the Composites Market is USD 269.33 Billion by 2032.
Table of Contents
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 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, by Type, 2023
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. Composites Market Segmentation, By Fiber Type
7.1 Chapter Overview
7.2 Glass Fiber Composites
7.2.1 Glass Fiber Composites Market Trends Analysis (2020-2032)
7.2.2 Glass Fiber Composites Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Carbon Fiber Composites
7.3.1 Carbon Fiber Composites Market Trends Analysis (2020-2032)
7.3.2 Carbon Fiber Composites Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Natural Fiber Composites
7.4.1 Natural Fiber Composites Market Trends Analysis (2020-2032)
7.4.2 Natural Fiber Composites Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Others
7.4.1 Others Market Trends Analysis (2020-2032)
7.4.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Composites Market Segmentation, by Manufacturing Process
8.1 Chapter Overview
8.2 Lay-up
8.2.1 Lay-up Market Trends Analysis (2020-2032)
8.2.2 Lay-up Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Filament Winding
8.3.1 Filament Winding Market Trends Analysis (2020-2032)
8.3.2 Filament Winding Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Injection Molding
8.4.1 Injection Molding Market Trends Analysis (2020-2032)
8.4.2 Injection Molding Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Pultrusion
8.5.1 Pultrusion Market Trends Analysis (2020-2032)
8.5.2 Pultrusion Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Compression Molding
8.61 Compression Molding Market Trends Analysis (2020-2032)
8.6.2 Compression Molding Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 RTM
8.7.1 RTM Market Trends Analysis (2020-2032)
8.7.2 RTM Market Size Estimates and Forecasts to 2032 (USD Billion)
8.8 Others
8.8.1 Others Market Trends Analysis (2020-2032)
8.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Composites Market Segmentation, by End-Use
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 Wind Energy
9.3.1 Wind Energy Market Trends Analysis (2020-2032)
9.3.2 Wind Energy Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Automotive & Transportation
9.4.1 Automotive & Transportation Market Trends Analysis (2020-2032)
9.4.2 Automotive & Transportation Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Construction & Infrastructure
9.5.1 Construction & Infrastructure Market Trends Analysis (2020-2032)
9.5.2 Construction & Infrastructure Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Marine
9.6.1 Marine Market Trends Analysis (2020-2032)
9.6.2 Marine Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Pipe
9.7.1 Pipe Market Trends Analysis (2020-2032)
9.7.2 Pipe Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 Tanks & Pressure Vessels
9.8.1 Tanks & Pressure Vessels Market Trends Analysis (2020-2032)
9.8.2 Tanks & Pressure Vessels Market Size Estimates and Forecasts to 2032 (USD Billion)
9.9 Electrical & Electronics
9.9.1 Electrical & Electronics Market Trends Analysis (2020-2032)
9.9.2 Electrical & Electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.10 Others
9.10.1 Others Market Trends Analysis (2020-2032)
9.10.2 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 Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.2.4 North America Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.2.5 North America Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.2.6.2 USA Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.2.6.3 USA Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.2.7.2 Canada Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.2.7.3 Canada Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.2.8.3 Mexico Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.6.3 Poland Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.7.3 Romania Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.5 Western Europe Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.6.3 Germany Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.2.7.2 France Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.7.3 France Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.8.3 UK Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.9.3 Italy Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.10.3 Spain Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.13.3 Austria Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.5 Asia Pacific Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.4.6.2 China Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.6.3 China Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.4.7.2 India Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.7.3 India Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.4.8.2 Japan Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.8.3 Japan Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.9.3 South Korea Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.10.3 Vietnam Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.11.3 Singapore Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.4.12.2 Australia Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.12.3 Australia Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Composites Market Estimates and Forecasts, by End-Use (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 Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.5 Middle East Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.6.3 UAE Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.5.2.4 Africa Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.2.5 Africa Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.6.4 Latin America Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.6.5 Latin America Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.6.6.3 Brazil Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.6.7.3 Argentina Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.6.8.3 Colombia Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Composites Market Estimates and Forecasts, By Fiber Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Composites Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Composites Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
11. Company Profiles
11.1 Teijin Ltd.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ End-Uses Offered
11.1.4 SWOT Analysis
11.2 Toray Industries, Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ End-Uses Offered
11.2.4 SWOT Analysis
11.3 Owens Corning
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ End-Uses Offered
11.3.4 SWOT Analysis
11.4 PPG Industries, Inc.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ End-Uses Offered
11.4.4 SWOT Analysis
11.5 Huntsman Corporation LLC
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ End-Uses Offered
11.5.4 SWOT Analysis
11.6 SGL Group
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ End-Uses Offered
11.6.4 SWOT Analysis
11.7 Hexcel Corporation
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ End-Uses Offered
11.7.4 SWOT Analysis
11.8 DuPont
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ End-Uses Offered
11.8.4 SWOT Analysis
11.9 Compagnie de Saint-Gobain S.A.
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ End-Uses Offered
11.9.4 SWOT Analysis
11.10 Weyerhaeuser Company
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ End-Uses 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.
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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.
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Key Segments:
By Fiber Type
Glass Fiber Composites
Carbon Fiber Composites
Natural Fiber Composites
Other Fiber Composites
By Manufacturing Process
Lay-up
Filament Winding
Injection Molding
Pultrusion
Compression Molding
RTM
Others
By End-Use Industry
Aerospace & defense
Wind Energy
Automotive & Transportation
Construction & Infrastructure
Marine
Pipe
Tanks & Pressure Vessels
Electrical & Electronics
Others
By Manufacturing Process
Lay-up
Filament Winding
Injection Molding
Pultrusion
Compression Molding
RTM
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 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)
The Water Treatment Chemicals Market Size was valued at USD 46.7 billion in 2023, and is expected to reach USD 94.2 billion by 2032, and grow at a CAGR of 8.1% over the forecast period 2024-2032.
The Glycerol Derivatives Market Size was USD 16.0 Billion in 2023 and is expected to reach USD 28.4 Bn by 2032 and grow at a CAGR of 6.6% by 2024-2032.
The Silicone Fabrics Market Size was valued at USD 4.37 billion in 2022, and is expected to reach USD 7.41 billion by 2030, and grow at a CAGR of 6.8% over the forecast period 2023-2030.
The Medical Refrigerators Market size was evaluated at USD 4.06 billion in 2023, and is predicted to increase at a CAGR of 5.31% between 2024 and 2031, to reach USD 6.14 billion by 2031.
The Emulsion Polymer Market Size was valued at USD 31.38 Billion in 2023 and is expected to reach USD 54.68 Billion by 2032 and grow at a CAGR of 6.4% over the forecast period 2024-2032.
The Prepreg Market Size was valued at USD 8.81 billion in 2023, and is expected to reach USD 21.63 billion by 2032, and grow at a CAGR of 10.5% by 2024-2032
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