Composites Market size was valued at USD 113.6 Billion in 2022 and the total Composites Market revenue is expected to grow at a CAGR of 8.2 % from 2023 to 2029, reaching nearly USD 213.40 Billion.

Composites Market Overview

The report provides a comprehensive overview of the Composites Industry including its most recent revenue and trends, as well as its definition, overview, and structure. The primary and secondary data has been compiled to ensure that the Composites market report is authentic and error-free.

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Composites Market Report Scope and Research Methodology

The report provides an in-depth analysis of the Composites market, including meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. A bottom-up approach was used to estimate the Composites market size. Key players in the Composites industry were identified through secondary research, and their market revenues were determined through primary and secondary research. Secondary research included a review of annual and financial reports of Composites leading players, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. The Composites market structure by country, with market share by market leaders, market followers, and local players, makes this report a comprehensive and insightful industry outlook. The report also covers mergers and acquisitions, strategic alliances, joint ventures, and partnerships happening in the Composites market by region, by investment, and their strategic intent.

Composites Market Regional Insights

The report is segmented into several key countries, with market size, growth rate, import and export of Composites market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

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Composites Market Segmentation

by Fiber Type

Glass Fiber Composites
Carbon Fiber Composites
Natural Fiber Composites

By Fiber Type: Glass Fiber Composites, Carbon Fiber Composites, and Natural Fiber Composites are the major segments that make up the Composites market. Over the course of the forecast period, glass fiber composites are anticipated to dominate the composites market.  Glass Fiber Composites (GFC) are a kind of fiber-reinforced polymer composites with a variety of remarkable features that make them a key market driver in the composites industry. GFC is widely used in a variety of industries, such as construction, automotive, and aerospace, due to its low density, high strength, and ease of processing. GFC's adaptability enables it to satisfy the unique structural material needs for a wide range of applications.

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

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Composites Market Key Players

1. Teijin Limited - Tokyo, Japan
2. Toray Industries - Tokyo, Japan
3. Owens Corning - Toledo, Ohio, USA
4. PPG Industries - Pittsburgh, Pennsylvania, USA
5. Huntsman Corporation - The Woodlands, Texas, USA
6. Hexcel Corporation - Stamford, Connecticut, USA
7. E. I. DuPont Nemours & Co. (commonly known as DuPont) - Wilmington, Delaware, USA
8. Faurecia - Nanterre, France
9. Performance Composites Inc. - Compton, California, USA
10. Enduro Composites - Houston, Texas, USA

Key Questions answered in the Composites Market Report are:

  • What is Composites?
  • What is the expected CAGR of the Composites market during the forecast period?
  • What is the expected Composites market size by the end of the forecast period?
  • What are Composites market segments?
  • Which segment of the Composites market is expected to grow rapidly during the forecast period?
  • Who are the key players in the Composites market?
  • What key trends are expected to emerge in the Composites market in the coming years?
  • What are the factors restraining the Composites market growth?
  • Which regional Composites market is expected to grow at a high rate during the forecast period?
  • Which region held the largest Composites market share in 2022?

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Key Offerings:

  • A detailed Market Overview
  • Market Share, Size & Forecast by Revenue | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by segments and sub-segments
  • Regional Insights
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors
  • Industry Recommendations

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