Composites Market Research Report 2023 - Analysis, Share, Trends And Overview 2032 | DuPont, Gurit, Henkel Corporation, Hexcel Corporation, Huntsman International LLC

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Composites Market Size, Growth Rate, And Forecast

The global composites market size grew from $88.9 billion in 2022 to $98.91 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The composites market size is expected to grow to $154.39 billion in 2027 at a CAGR of 11.8%.

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Composites Market Drivers

Growth in the automotive and aerospace sectors is expected to propel the growth of the composites market. In the automotive and aerospace industries, composites are used to provide improved performance, corrosion resistance, and fuel savings. According to the International Trade Administration, in 2020, aircraft manufacturing and repair services in Australia generated revenue in excess of $2.0 billion.

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Composites Market Segments

1. By Product: Carbon Fiber, Glass Fiber.
2. By Manufacturing Process: Layup Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, Compression Molding Process, Resin Transfer Molding Process, Other Processes.
3. By Resin Type: Thermoset Composites, Thermoplastic Composites.
4. By End-Use Industry: Aerospace and defense, Wind Energy, Automotive and Transportation, Construction & Infrastructure, Marine, Pipe and Tank, Electrical and Electronics, Other End-Users.
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Composites market.

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Composites Market Key Players

Major competitors in the composites market include DuPont, Gurit, Henkel Corporation, Hexcel Corporation, Huntsman International LLC., Kineco Limited, Koninklijke Ten Cate BV.

The Business Research Company's "Global Composites Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Composites Market Include:

1. Executive Summary
2. Composites Market Characteristics
3. Composites Market Trends And Strategies
4. Composites Market - Macro Economic Scenario
5. Composites Market Size And Growth
……
26. Africa Composites Market
27. Composites Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Composites Market
29. Composites Market Future Outlook and Potential Analysis
30. Appendix

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