Composites Market Future Growth, Competitive Analysis and Forecast 2029


Composites Market Report Overview

The research is based on forecasts from major organizations as well as Composites market statistics. Sales growth figures as well as a competitive climate for predicted periods and individual firm valuations, are all included in market research at global, regional and global levels.

In 2022, the volume of the composites market was 13.39 million tons. The size of the global composites market is predicted to increase at a CAGR of 3.67%.

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Composites Market Report Scope and Research Methodology

The Maximize Market Research report concerning the Composites market conducts an exhaustive analysis of both global and regional segments and sub-segments. The report delves into the impact of drivers, restraints, and macro factors on the global and regional Composites markets, considering their implications over the medium and long term. This research involves a thorough exploration of trends, forecasts, and monetary values within the global Composites market.

The report provides an intricate examination of the global Composites market, with a specific focus on two market categories across five distinct geographic regions. It presents key competitors and offers an annual trend analysis of the market size and shares for the years 2022 to 2029, spanning North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. To provide valuabl insights into the market, analytical methodologies such as Porters Five Forces analysis and PESTLE analysis are employed.

To ensure the accuracy of the report, a comprehensive analysis of both primary and secondary Composites market research reports is conducted. This study is built upon an understanding of the economic, social, technological, and geographical aspects unique to the Composites market. Each piece of information is meticulously collected and synthesized to create a comprehensive, thoroughly evaluated data report for Composites market research.

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.

Composites Market Segmentation

The Composites Market is divided into Glass Fiber Composites, Carbon Fiber Composites, and Natural Fiber Composites based on the type of fiber used. In 2022, the Glass Fiber 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 better qualities of glass fiber 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.

With significant important companies including Owens Corning, Nippon Electric Glass, CPIC, and Johns Manville accounting for more than 50% of the entire production of composites by value, the glass fiber market in the US is moderately consolidated. The

1. Global Composites Market Size, by Fiber type (2022-2029)
• Glass Fiber Composites
• Carbon Fiber Composites
• Natural Fiber Composites

2. Global Composites Market Size, by Resin type (2022-2029)
• Thermoset Composites
• Thermoplastic Composites

3. Global Composites Market Size, by Manufacturing Process (2022-2029)
• Layup Process
• Filament Winding Process
• Injection Molding Process
• Pultrusion Process
• Compression Molding Process
• Resin Transfer Molding Process
• Others

4. Global Composites Market Size, by End-User (2022-2029)
• Automotive & Transportation
• Aerospace & Defense
• Wind Energy
• Electrical & Electronics
• Construction & Infrastructure
• Pipes & Tanks
• Marine
• Others

Composites Market Key Players

1. Teijin Limited
2. Toray Industries
3. Owens Corning
4. PPG Industries
5. Huntsman Corporation
6. Hexcel Corporation
7. E. I. DuPont Nemours & Co.
8. Faurecia
9. Performance Composites Inc.
10. Enduro Composites
13. Creative Composites Ltd.
14. HITCO Carbon Composites
15. Quadrant Group of Companies
16. BGF Industries
18. Premium Aerotec
19. Fokker Aerostructures
21. Wethje Carbon Composites
23. Fiberdur GmbH & Co. KG
24. Akiet B.V.

To Gain More Insights into the Market Analysis, Browse Summary of the Research Report:

Key Offerings:

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

Key Questions answered in the Composites Market Report are:

What is the expected Market size by the end of the forecast period?
What is the expected CAGR of the Composites market during the forecast period?
Which region held the largest market share in the Composites Market?
What factors are affecting the Composites market growth?

Who are the key players in the Composites industry?

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