Revolutionizing Industries: Composites Market Set for Explosive Growth with Cutting-Edge Innovations in 2025 | Top key players - Owens Corning, Toray Industries Inc., Solvay SA.

Market Overview:

The Global Composites Market size was worth US$ 108.64 billion in 2023 and is estimated to reach US$ 204.50 million by 2031, growing at a CAGR of 8.23% during the forecast period (2024-2031).

Composites Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Composites Market involves the production and sale of materials made by combining two or more distinct substances to create a product with superior properties, such as enhanced strength, durability, and lightweight. These materials are widely used across industries like aerospace, automotive, construction, and electronics to improve performance and efficiency in various applications.

Industry News of USA and Japan:

USA:

Investment in Carbon Fiber Production

The United States is witnessing a significant surge in demand for carbon fiber composites, particularly in the automotive and aerospace industries. This demand is driving investments in the production of carbon fiber materials, aiming to meet the growing need for lightweight and high-performance components in these sectors.

Japan:

Government Support for Composite Materials

The Japanese government has implemented various policies to support the growth of the composite materials market. These include the establishment of the Composite Materials Council to promote research and development in the sector and the introduction of subsidies and incentives to encourage the adoption of advanced composite materials in industries such as automotive, aerospace, and construction.

Key Players:

Owens Corning
Toray Industries Inc.
Solvay SA
Teijin Limited
SGL Carbon SE
Hexcel Corporation
Nippon Electric Glass Co. Ltd.
Huntsman International LLC
Hexion
Gurit Holding AG.

Growth Forecast Projected:

The Global Composites Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Composites Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Market Segmentation:

By Fiber: Glass Fiber, Carbon Fiber, Natural Fiber, Others.

By Resin: Thermoset, Thermoplastic.

By End-User: Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure, Pipes & Tanks, Electrical & Electronics, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Composites market?

➠ Who are the leading manufacturers in the global Composites industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Composites industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Composites market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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