Composites Market Is Expected To Grow At 8.9% And Reach a valuation of US$101.88 bn by 2025

Composite is a multiphase material exhibiting a significant properties of both constituent phases. It consists of a continuous phase called matrix and a dispersed phase reinforcement. It is commercially available in different product types such as polymer matrix composite, metal matrix composite, and ceramic matrix composite. In terms of application, automotive & transportation and aerospace & defense held majority share in the global composites market in 2016. Rising demand from these end user industries is anticipated to fuel the composites market during the forecast period.

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This study analyzes, estimates, and forecasts the global composites market in terms of volume (Kilo tons) and revenue (US$ Mn) from 2016 to 2025. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

Global Composite Market: Applications

The report provides a detailed view of the composites market based on applications. Key applications included in the report are automotive & transportation, construction, aerospace & defense, electrical & electronics, marine & oil & gas, wind energy, and other (consumer goods, etc.). In terms of technology, the market is segmented into: pultrusion process, layup process, filament winding, compression molding, injection molding, resin transfer molding, and others. In terms of product type, the market is segmented into: polymer matrix composite, metal matrix composite, and ceramic matrix composite. Furthermore, the report segments the market based on key geographies such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. It also provides market volume and revenue for each application, technology and product type under every regional segment. The composites market is further analyzed into major countries of each region.

Based on applications, technologies, product types and countries, the report analyzes the attractiveness of each segment with the help of an attractiveness tool. The study includes value chain analysis, which provides a better understanding of key players in the supply chain (from raw material manufacturers to end-users). Additionally, the study analyzes market competition and industry players using Porter’s five forces analysis.

Global Composite Market: Research Methodologies

Primary research represents the bulk of our research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases. Other sources include national government documents, statistical databases, and market reports, news articles, and press releases and webcasts specific to the companies operating in the market. Secondary sources referred for the study of the composites market include Reinforced Plastics Magazine, European Plastics Council, Compositesone, Composites World Magazine, etc. and company presentations.

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Key Players Mentioned in this Report are:

The report includes an overview of the market share of key companies in the global composites market. Key players profiled in the composites study include Hexcel Corporation, TPI Composites, Inc, Owens Corning, Teijin Limited, Faurecia, Performance Composites Inc., Enduro Composites, Inc., Toray Industries, APPLIED POLERAMIC INC., Hexagon Composites, KINECO, Creative Composites Ltd., HITCO Carbon Composites, Inc., The Quadrant Group of Companies, Kangde Xin Composite Material Group Co., Ltd., BGF Industries, Inc., FACC AG, Premium Aerotec, Fokker Aerostructures, COTESA GmbH, PLASAN CARBON COMPOSITES, Wethje Carbon Composites, VELLO NORDIC AS, Fiberdur GmbH & Co. KG, Akiet B.V., and FILL GESELLSCHAFT M.B.H.

The report segments the global composites market into:

Composites Market – By Product Type
Polymer Matrix Composites
Carbon Fiber Reinforced Plastic
Glass Fiber Reinforced Plastic
Others (Aramid fiber composites, etc.)
Metal Matrix Composites
Ceramic Matrix Composites
Composites Market – By Technology
Pultrusion Process
Layup Process
Filament Winding
Compression Molding
Injection Molding
Resin Transfer Molding
Others (Automated fiber placement, automated tape laying, etc.)
Composites Market – By Application
Automotive & Transportation
Interior
Exterior
Power Train Components
Others (Chassis, brake pads, etc.)
Construction
Aerospace & Defense
Electrical & Electronics
Marine & Oil & Gas
Pipes
Others (Top side applications, etc.)
Wind Energy
Others (consumer goods, etc.)
 
Composites Market – Regional Analysis
North America
S.
Canada
Europe
France
K.
Germany
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
ASEAN
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa

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