Composites Market By Size, Share, Trends, Growth, Forecast 2027

Summary

Report Description

Global composites market is expected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the rising demand for composites from various end user industries such as automotive and ground transportation, aerospace & defense machinery, electronics & electrical equipment, building & construction, pipe and tank, wind energy, sports & consumer goods, marine industry and many more. Owing to the supreme functional properties exhibited by composites such as high strength & rigidity, light weight, thermal stability and wear & tear resistance, the global composites market is expected to witness robust growth over the coming years. A surge in demand for high-strength materials in the automotive and aerospace industries and technological developments for enhancements in the strength and durability of composites are expected to boost the market growth. Moreover, growing use of composites in the construction and infrastructure sector and their increasing usages in refabrication and retrofit applications are expected to propel the market growth.

The global composites market is segmented on the basis of fiber type, resin type, application, manufacturing process, and region. Based on application, the market is divided into transportation, aerospace & defense, wind energy, electricals & electronics, construction, pipes & tanks, marine and others. The aerospace & defense industry is expected to dominate the global composites market, owing to the increasing adoption of composites in the manufacturing of aircrafts.

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Global composites market is controlled by these major players, namely– Toray Industries (Japan), Teijin Limited (Japan) Owens Corning (US), Hexcel Corporation (US), PPG Industries Inc. (US), Huntsman Corporation (US), Cytec Industries (Solvay S.A.) (US), SGL Group (Germany), Momentive Performance Materials, Inc. (US), E. I. Du Pont Nemours & Co. (US), Compagnie De Saint-Gobain (France), Weyerhaeuser Company (US), Chongqing Polycomp International Corporation (China), Jushi Group Co. Ltd. (China), JPS Composite Materials Corporation (US) among others.

Attribute	Details
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Fiber Type · Resin Type · Manufacturing Process · Aircraft Type · Application
Regional Scope	North America; Asia Pacific; Europe; South America; Middle East & Africa
Country Scope	China, India, Japan, South Korea, Indonesia, Rest of APAC, U. S., Canada, Mexico, Rest of North America, Germany, U.K., France, Italy, Spain, Rest of Europe, Saudi Arabia, UAE, Iran, South Africa, South America, Brazil, Colombia, Argentina, Rest of South America
Key Companies Profiled	Toray Industries (Japan), Teijin Limited (Japan) Owens Corning (US), Hexcel Corporation (US), PPG Industries Inc. (US), Huntsman Corporation (US), Cytec Industries (Solvay S.A.) (US), SGL Group (Germany), Momentive Performance Materials, Inc. (US), E. I. Du Pont Nemours & Co. (US), Compagnie De Saint-Gobain (France), Weyerhaeuser Company (US), Chongqing Polycomp International Corporation (China), Jushi Group Co. Ltd. (China), JPS Composite Materials Corporation (US)
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the global composites market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

Composites Market, by Fiber Type:

Carbon Fiber Composites
Glass Fiber Composites
Others

Composites Market, by Resin Type:

Thermoplastic Composites
Thermosetting Composites

Composites Market, by Application:

Transportation
Aerospace & Defense
Wind Energy
Electricals & Electronics
Construction
Pipes & Tanks
Marine
Others

Composites Market, by Manufacturing Process:

Layup Process
Filament Process
Injection molding Process
Pultrusion Process
Compression molding Process
Resin Transfer Molding Process
Others

Composites Market, by Region:

Asia-Pacific

China
India
Japan
South Korea
Indonesia
Rest of APAC

North America

U. S.
Canada
Mexico
Rest of North America

Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe

Middle East & Africa

Saudi Arabia
UAE
Iran
South Africa

South America

Brazil
Colombia
Argentina
Rest of South America

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, production plants, market pricing, sales footprint, target customer types, etc.

Company Profiles: Detailed analysis of the major companies present in the global composites market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

Detailed list of distributors and dealers across all major countries.

Company Information

Detailed analysis and profiling of additional market players (up to five).

Customer Profiling

List of current suppliers of composites.

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Composites Market Outlook

5.1. Demand & Supply Analysis

5.2. Market Size & Forecast

5.2.1.By Value

5.2.2.By Volume

5.3. Market Share & Forecast

5.3.1.By Fiber Type (Carbon Fiber Composites, Glass Fiber Composites and Others)

5.3.2.By Resin Type (Thermoplastic Composites and Thermosetting Composites)

5.3.3.By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

5.3.4.By Manufacturing Process (Layup, Filament, Injection molding, Pultrusion, Compression molding, RTM and Others)

5.3.5.By Region (APAC, North America, Europe, MEA and South America)

5.3.6.By Company

6. Global Composites Market Segmental Analysis

6.1. Global Thermoplastic Composites Market Outlook

6.1.1.Market Size & Forecast

6.1.1.1. By Value

6.1.1.2. By Volume

6.1.2.Market Share & Forecast

6.1.2.1. By Application

6.1.2.2. By Region (APAC, North America, Europe, MEA and South America)

6.1.2.3. By Company (At least top 3 companies market shares)

6.2. Global Thermosetting Composites Market Outlook

6.2.1.Market Size & Forecast

6.2.1.1. By Value

6.2.1.2. By Volume

6.2.2.Market Share & Forecast

6.2.2.1. By Application

6.2.2.2. By Region (APAC, North America, Europe, MEA and South America)

6.2.2.3. By Company (At least top 3 companies market shares)

7. Global Composites Market Regional Analysis

7.1.1. Asia Pacific Composites Market Outlook

7.1.1.1. Market Size & Forecast

7.1.1.1.1. By Value

7.1.1.1.2. By Volume

7.1.1.2. Market Share & Forecast

7.1.1.2.1. By Fiber Type (Carbon Fiber Composites, Glass Fiber Composites and Others)

7.1.1.2.2. By Resin Type (Thermoplastic Composites and Thermosetting Composites)

7.1.1.2.3. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.1.2.4. By Manufacturing Process (Layup, Filament, Injection molding, Pultrusion, Compression molding, RTM and Others)

7.1.1.2.5. By Country

7.1.1.2.5.1. China Composites Market Outlook

7.1.1.2.5.1.1. Market Size & Forecast

7.1.1.2.5.1.1.1. By Value

7.1.1.2.5.1.1.2. By Volume

7.1.1.2.5.1.2. Market Share & Forecast

7.1.1.2.5.1.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.1.2.5.2. India Composites Market Outlook

7.1.1.2.5.2.1. Market Size & Forecast

7.1.1.2.5.2.1.1. By Value

7.1.1.2.5.2.1.2. By Volume

7.1.1.2.5.2.2. Market Share & Forecast

7.1.1.2.5.2.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.1.2.5.3. Japan Composites Market Outlook

7.1.1.2.5.3.1. Market Size & Forecast

7.1.1.2.5.3.1.1. By Value

7.1.1.2.5.3.1.2. By Volume

7.1.1.2.5.3.2. Market Share & Forecast

7.1.1.2.5.3.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.1.2.5.4. South Korea Composites Market Outlook

7.1.1.2.5.4.1. Market Size & Forecast

7.1.1.2.5.4.1.1. By Value

7.1.1.2.5.4.1.2. By Volume

7.1.1.2.5.4.2. Market Share & Forecast

7.1.1.2.5.4.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.1.2.5.5. Indonesia Composites Market Outlook

7.1.1.2.5.5.1. Market Size & Forecast

7.1.1.2.5.5.1.1. By Value

7.1.1.2.5.5.1.2. By Volume

7.1.1.2.5.5.2. Market Share & Forecast

7.1.1.2.5.5.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.2. North America Composites Market Outlook

7.1.2.1. Market Size & Forecast

7.1.2.1.1. By Value

7.1.2.1.2. By Volume

7.1.2.2. Market Share & Forecast

7.1.2.2.1. By Fiber Type (Carbon Fiber Composites, Glass Fiber Composites and Others)

7.1.2.2.2. By Resin Type (Thermoplastic Composites and Thermosetting Composites)

7.1.2.2.3. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.2.2.4. By Manufacturing Process (Layup, Filament, Injection molding, Pultrusion, Compression molding, RTM and Others)

7.1.2.2.5. By Country

7.1.2.2.5.1. United States Composites Market Outlook

7.1.2.2.5.1.1. Market Size & Forecast

7.1.2.2.5.1.1.1. By Value

7.1.2.2.5.1.1.2. By Volume

7.1.2.2.5.1.2. Market Share & Forecast

7.1.2.2.5.1.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.2.2.5.2. Canada Composites Market Outlook

7.1.2.2.5.2.1. Market Size & Forecast

7.1.2.2.5.2.1.1. By Value

7.1.2.2.5.2.1.2. By Volume

7.1.2.2.5.2.2. Market Share & Forecast

7.1.2.2.5.2.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.2.2.5.3. Mexico Composites Market Outlook

7.1.2.2.5.3.1. Market Size & Forecast

7.1.2.2.5.3.1.1. By Value

7.1.2.2.5.3.1.2. By Volume

7.1.2.2.5.3.2. Market Share & Forecast

7.1.2.2.5.3.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.3. Europe Composites Market Outlook

7.1.3.1. Market Size & Forecast

7.1.3.1.1. By Value

7.1.3.1.2. By Volume

7.1.3.2. Market Share & Forecast

7.1.3.2.1. By Fiber Type (Carbon Fiber Composites, Glass Fiber Composites and Others)

7.1.3.2.2. By Resin Type (Thermoplastic Composites and Thermosetting Composites)

7.1.3.2.3. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.3.2.4. By Manufacturing Process (Layup, Filament, Injection molding, Pultrusion, Compression molding, RTM and Others)

7.1.3.2.5. By Country

7.1.3.2.5.1. Germany Composites Market Outlook

7.1.3.2.5.1.1. Market Size & Forecast

7.1.3.2.5.1.1.1. By Value

7.1.3.2.5.1.1.2. By Volume

7.1.3.2.5.1.2. Market Share & Forecast

7.1.3.2.5.1.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.3.2.5.2. France Composites Market Outlook

7.1.3.2.5.2.1. Market Size & Forecast

7.1.3.2.5.2.1.1. By Value

7.1.3.2.5.2.1.2. By Volume

7.1.3.2.5.2.2. Market Share & Forecast

7.1.3.2.5.2.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.3.2.5.3. Italy Composites Market Outlook

7.1.3.2.5.3.1. Market Size & Forecast

7.1.3.2.5.3.1.1. By Value

7.1.3.2.5.3.1.2. By Volume

7.1.3.2.5.3.2. Market Share & Forecast

7.1.3.2.5.3.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.3.2.5.4. Spain Composites Market Outlook

7.1.3.2.5.4.1. Market Size & Forecast

7.1.3.2.5.4.1.1. By Value

7.1.3.2.5.4.1.2. By Volume

7.1.3.2.5.4.2. Market Share & Forecast

7.1.3.2.5.4.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.3.2.5.5. UK Composites Market Outlook

7.1.3.2.5.5.1. Market Size & Forecast

7.1.3.2.5.5.1.1. By Value

7.1.3.2.5.5.1.2. By Volume

7.1.3.2.5.5.2. Market Share & Forecast

7.1.3.2.5.5.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.4. Middle East & Africa Composites Market Outlook

7.1.4.1. Market Size & Forecast

7.1.4.1.1. By Value

7.1.4.1.2. By Volume

7.1.4.2. Market Share & Forecast

7.1.4.2.1. By Fiber Type (Carbon Fiber Composites, Glass Fiber Composites and Others)

7.1.4.2.2. By Resin Type (Thermoplastic Composites and Thermosetting Composites)

7.1.4.2.3. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.4.2.4. By Manufacturing Process (Layup, Filament, Injection molding, Pultrusion, Compression molding, RTM and Others)

7.1.4.2.5. By Country

7.1.4.2.5.1. Saudi Arabia Composites Market Outlook

7.1.4.2.5.1.1. Market Size & Forecast

7.1.4.2.5.1.1.1. By Value

7.1.4.2.5.1.1.2. By Volume

7.1.4.2.5.1.2. Market Share & Forecast

7.1.4.2.5.1.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.4.2.5.2. UAE Composites Market Outlook

7.1.4.2.5.2.1. Market Size & Forecast

7.1.4.2.5.2.1.1. By Value

7.1.4.2.5.2.1.2. By Volume

7.1.4.2.5.2.2. Market Share & Forecast

7.1.4.2.5.2.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.4.2.5.3. Iran Composites Market Outlook

7.1.4.2.5.3.1. Market Size & Forecast

7.1.4.2.5.3.1.1. By Value

7.1.4.2.5.3.1.2. By Volume

7.1.4.2.5.3.2. Market Share & Forecast

7.1.4.2.5.3.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.4.2.5.4. South Africa Composites Market Outlook

7.1.4.2.5.4.1. Market Size & Forecast

7.1.4.2.5.4.1.1. By Value

7.1.4.2.5.4.1.2. By Volume

7.1.4.2.5.4.2. Market Share & Forecast

7.1.4.2.5.4.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.5. South America Composites Market Outlook

7.1.5.1. Market Size & Forecast

7.1.5.1.1. By Value

7.1.5.1.2. By Volume

7.1.5.2. Market Share & Forecast

7.1.5.2.1. By Fiber Type (Carbon Fiber Composites, Glass Fiber Composites and Others)

7.1.5.2.2. By Resin Type (Thermoplastic Composites and Thermosetting Composites)

7.1.5.2.3. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.5.2.4. By Manufacturing Process (Layup, Filament, Injection molding, Pultrusion, Compression molding, RTM and Others)

7.1.5.2.5. By Country

7.1.5.2.5.1. Brazil Composites Market Outlook

7.1.5.2.5.1.1. Market Size & Forecast

7.1.5.2.5.1.1.1. By Value

7.1.5.2.5.1.1.2. By Volume

7.1.5.2.5.1.2. Market Share & Forecast

7.1.5.2.5.1.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.5.2.5.2. Argentina Composites Market Outlook

7.1.5.2.5.2.1. Market Size & Forecast

7.1.5.2.5.2.1.1. By Value

7.1.5.2.5.2.1.2. By Volume

7.1.5.2.5.2.2. Market Share & Forecast

7.1.5.2.5.2.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

7.1.5.2.5.3. Colombia Composites Market Outlook

7.1.5.2.5.3.1. Market Size & Forecast

7.1.5.2.5.3.1.1. By Value

7.1.5.2.5.3.1.2. By Volume

7.1.5.2.5.3.2. Market Share & Forecast

7.1.5.2.5.3.2.1. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine and Others)

8. Market Dynamics

8.1. Drivers

8.2. Challenges

9. Market Trends & Developments

10. Value Chain Analysis

11. Regional Price Analysis

12. Competitive Landscape

12.1. Competition Benchmarking

12.2. Company Profiles (Top 10 Companies)

13. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the driving factors for the Global Composites Market?

Rising demand for composites from various end user industries such as automotive and ground transportation, aerospace & defense machinery, etc. is driving the growth of the global composites market.

What are the segments in the Global Composites Market?

Global composites market is segmented into fiber type, resin type, manufacturing process, aircraft type, and region.

Which segment is expected to dominate the Global Composites Market?

Based on application, the aerospace and defense segment is expected to register the highest growth in the global composites market.

Which are the major players in the Global Composites Market?

Toray Industries (Japan), Teijin Limited (Japan) Owens Corning (US), Hexcel Corporation (US), PPG Industries Inc. (US), Huntsman Corporation (US), Cytec Industries (Solvay S.A.) (US), SGL Group (Germany), Momentive Performance Materials, Inc. (US), E. I. Du Pont Nemours & Co. (US), Compagnie De Saint-Gobain (France), Weyerhaeuser Company (US), Chongqing Polycomp International Corporation (China), Jushi Group Co. Ltd. (China), JPS Composite Materials Corporation (US) among others are the key players in the global composites market.

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