Market Summary
Research Methodology on Composites Market
Overview
The research methodology employed while preparing the report on the global composites market is created to provide an approachable and reliable source of information based on the latest market trends and established market drivers. The analysis is conducted by focusing on both qualitative and quantitative aspects of the composites market.
The market assessment is based on elements such as market size, market trends, market opportunities, projected growth rate and forecast period 2023 to 2030. The primary objects of the research methodology include market segments, dynamics, growth-driving factors, and their impact on the overall composites market. Various sources such as interviews with key industry experts and other relevant stakeholders, industry journals, annual reports, paid and unpaid databases and more assist in comprehensively creating the market report.
Research Approach
The research approach for the report on the global composites market comprises both primary and secondary research methodologies. Primary research includes interviews with key industry experts, surveys and more. Secondary research includes industry journals, literature reviews, and more.
The study is undertaken to provide an accurate, reliable and qualitative research report; therefore, a customized approach is adopted. Market size estimations are achieved through both bottom-up and top-down approaches, while market forecasts and market dynamics are accomplished through both qualitative and quantitative approaches.
Research Sources
The research sources utilized while elaborating the report involve a combination of primary as well as secondary sources to accurately assess the global composites market. Primary sources include interviews with top-level executives and market experts, while secondary sources include industry journals, review articles, and market reports.
• Primary Sources (In-depth Interviews):
In-depth interviews are conducted with CEOs, CFOs, and key opinion leaders.
• Secondary Sources (Industry Journals & Publications):
Wohlers Reports, Industrial Composites Magazine, Plastics Technology, Composites World Magazine, Reifenhauser Group, and other industry journals.
Methodology Covered
The study is conducted using the following two primary research objectives:
• Market Size Estimation:
The market size is estimated through both top-down and bottom-up approaches.
• Market Dynamics & Forecast:
Market dynamics, such as drivers, restraints, opportunities, and challenges are identified and forecasted by using both qualitative and quantitative approaches.
Market Segmentation
The report has segmented the composites market based on the following parameters:
- By Resin Type: Polyester, Vinyl Ester, Phenolic, Polyurethane, and Others.
- By Fiber Type: Glass Fibers, Carbon Fibers, Aramid Fibers, and Others
- By Application: Aerospace & Defense, Automotive, Maritime, Wind Energy, Construction, and Others
- By Region: North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2021 | USD 105.87 billion |
Market Size 2022 | USD 113.17 billion |
Market Size 2030 | USD 219.41 billion |
Compound Annual Growth Rate (CAGR) | 8.63% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2018 & 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Resin Type, Process, End-use, and Region |
Geographies Covered | North America, Europe, Asia Pacific, Latin America and Middle East & Africa |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | PPG Industries, Inc. (US), Hexion (US), Jushi Group Co., Ltd (China), Toray Industries Inc. (Japan), Owens Corning (US), Teijin Limited (Japan), Hexcel Corporation (US), SGL Carbon (Germany), Mitsubishi Chemicals Corporation (Japan), Solvay (Belgium), and Huntsman International LLC (US) |
Key Market Opportunities | Rising demand for recyclable composites Rising demand from various emerging economies |
Key Market Dynamics | Surge in demand from the automotive industry Growth of the construction Industry Growing Wind Energy Sector |
Major Players
Composites Type Outlook (USD Million, 2019-2030)
Glass Fiber
Carbon Fiber
Others
Composites Resin Type Outlook (USD Million, 2019-2030)
Thermoplastic Composites
Thermosetting Composites
Composites Process Outlook (USD Million, 2019-2030)
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Composites End-use Outlook (USD Million, 2019-2030)
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Composites Regional Outlook (USD Million, 2019-2030)
North America Outlook (USD Million, 2019-2030)
North America Composites by Type
Glass Fiber
Carbon Fiber
Others
North America Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
North America Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
North America Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
US Outlook (USD Million, 2019-2030)
US Composites by Type
Glass Fiber
Carbon Fiber
Others
US Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
US Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
US Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
CANADA Outlook (USD Million, 2019-2030)
CANADA Composites by Type
Glass Fiber
Carbon Fiber
Others
Canada Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Canada Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
CANADA Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Automotive
Catalyst
Others
Europe Outlook (USD Million, 2019-2030)
Europe Composites by Type
Glass Fiber
Carbon Fiber
Others
Europe Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Europe Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Europe Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Germany Outlook (USD Million, 2019-2030)
Germany Composites by Type
Glass Fiber
Carbon Fiber
Others
Germany Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
North America Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Germany Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
France Outlook (USD Million, 2019-2030)
France Composites by Type
Glass Fiber
Carbon Fiber
Others
France Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
France Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
France Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
UK Outlook (USD Million, 2019-2030)
UK Composites by Type
Glass Fiber
Carbon Fiber
Others
UK Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
UK Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
UK Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
ITALY Outlook (USD Million, 2019-2030)
ITALY Composites by Type
Glass Fiber
Carbon Fiber
Others
Italy Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Italy Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
ITALY Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
SPAIN Outlook (USD Million, 2019-2030)
Spain Composites by Type
Glass Fiber
Carbon Fiber
Others
Spain Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Spain Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Spain Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Rest Of Europe Outlook (USD Million, 2019-2030)
Rest Of Europe Composites by Type
Glass Fiber
Carbon Fiber
Others
Rest Of Europe Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Rest Of Europe Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
REST OF EUROPE Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Asia-Pacific Outlook (USD Million, 2019-2030)
Asia-Pacific Composites by Type
Glass Fiber
Carbon Fiber
Others
Asia-Pacific Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Asia-Pacific Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Asia-Pacific Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
China Outlook (USD Million, 2019-2030)
China Composites by Type
Glass Fiber
Carbon Fiber
Others
China Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
China Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
China Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Japan Outlook (USD Million, 2019-2030)
Japan Composites by Type
Glass Fiber
Carbon Fiber
Others
Japan Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Japan Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Japan Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
India Outlook (USD Million, 2019-2030)
India Composites by Type
Glass Fiber
Carbon Fiber
Others
India Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
India Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
India Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Australia Outlook (USD Million, 2019-2030)
Australia Composites by Type
Glass Fiber
Carbon Fiber
Others
Australia Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Australia Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Australia Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Rest of Asia-Pacific Outlook (USD Million, 2019-2030)
Rest of Asia-Pacific Composites by Type
Glass Fiber
Carbon Fiber
Others
Rest Of Asia-Pacific Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Rest Of Asia-Pacific Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Rest of Asia-Pacific Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Latin America Outlook (USD Million, 2019-2030)
Latin America Composites by Type
Glass Fiber
Carbon Fiber
Others
Latin America Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Latin America Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Latin America Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Mexico Outlook (USD Million, 2019-2030)
Mexico Composites by Type
Glass Fiber
Carbon Fiber
Others
Mexico Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Mexico Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Mexico Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Brazil Outlook (USD Million, 2019-2030)
Brazil Composites by Type
Glass Fiber
Carbon Fiber
Others
Brazil Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Brazil Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Brazil Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Argentina Outlook (USD Million, 2019-2030)
Argentina Composites by Type
Glass Fiber
Carbon Fiber
Others
Argentina Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Argentina Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Argentina Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Rest of Latin America Outlook (USD Million, 2019-2030)
Rest of Latin America Composites by Type
Glass Fiber
Carbon Fiber
Others
Rest Of Latin America Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Rest of Latin America Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Rest of Latin America Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
Middle East & Africa Outlook (USD Million, 2019-2030)
Middle East & Africa Composites by Type
Glass Fiber
Carbon Fiber
Others
Middle East & Africa Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Middle East & Africa Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Middle East & Africa Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
GCC Countries Outlook (USD Million, 2019-2030)
GCC Countries Composites by Type
Glass Fiber
Carbon Fiber
Others
GCC Countries Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
GCC Countries Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
GCC Countries Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
South Africa Outlook (USD Million, 2019-2030)
South Africa Composites by Type
Glass Fiber
Carbon Fiber
Others
South Africa Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
South Africa Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
South Africa Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Other End-uses
Rest of Middle East & Africa Outlook (USD Million, 2019-2030)
Rest of Middle East & Africa Composites by Type
Glass Fiber
Carbon Fiber
Others
Rest Of Middle East & Africa Composites by Resin Type
Thermoplastic Composites
Thermosetting Composites
Rest Of Middle East & Africa Composites by Process
Layup Process
Injection Molding Process
Filament Winding Process
Pultrusion Process
Compression Molding Process
Others
Rest of Middle East & Africa Composites by End-use
Aerospace & Defense
Automotive & Transportation
Electrical & Electronics
Building & Construction
Wind Energy
Marine
Others
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