Quick Summary:
As a high-stakes leader, your strategic decisions demand factual ammunition, grounded in in-depth understanding and advanced forecasting. Our comprehensive study on the Global Advanced Composites Market, projected to reach a staggering value of US$95.7 Billion by 2030, provides exactly such a knowledge base. This report delves into the sector's changing dynamics, key market players, and growth trends, including an estimated 9.6% CAGR growth forecast for the Carbon Fiber Composites segment, driven by the ongoing post-pandemic recovery.
Particularly noteworthy are the U.S and China market analyses, with the U.S market estimated at US$12.8 Billion in 2022. Meanwhile, China, home to the world's second-largest economy, is forecast to achieve a significant market size of US$21.6 Billion by 2030. Stay ahead of emerging trends and territory-specific growth patterns with our meticulously compiled data and insightful analyses, tailored to help you make informed, future-ready business decisions.
Global Advanced Composites Market to Reach $95.7 Billion by 2030
The global market for Advanced Composites estimated at US$48.3 Billion in the year 2022, is projected to reach a revised size of US$95.7 Billion by 2030, growing at a CAGR of 8.9% over the analysis period 2022-2030. Carbon Fiber Composites, one of the segments analyzed in the report, is projected to record 9.6% CAGR and reach US$37.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Aramid Fiber Composites segment is readjusted to a revised 8.5% CAGR for the next 8-year period.The U.S. Market is Estimated at $12.8 Billion, While China is Forecast to Grow at 11.9% CAGR
The Advanced Composites market in the U.S. is estimated at US$12.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$21.6 Billion by the year 2030 trailing a CAGR of 11.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 7.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.Select Competitors (Total 28 Featured) -
- Advanced Composites, Inc.
- Agy Holdings Corp.
- BASF SE
- DowAksa Advanced Composites Holdings BV
- Dow, Inc.
- DuPont de Nemours, Inc.
- Gaffco Ballistics Inc.
- Gurit Holding AG
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Hexion Inc.
- Honeywell International, Inc.
- Huntsman International LLC
- Hyosung Corporation
- Kineco Kaman Composites
- Koninklijke Ten Cate BV
- Mitsubishi Chemical Holdings Corporation
- Nippon Graphite Fiber Corporation
- Owens Corning
- Plasan Carbon Composites, Inc.
- Quantum Composites, Inc.
- Renegade Materials Corporation
- SGL Group - The Carbon Company
- Solvay SA
- Teijin Ltd.
- Toray Industries, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Advanced Composites?
What is the growth rate of the Global Market for Advanced Composites?
What is the forecasted size of the Global Market for Advanced Composites?
Who are the key companies in the Global Market for Advanced Composites?
Report Attribute | Details |
---|---|
No. of Pages | 187 |
Published | December 2023 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 39.5 Billion |
Forecasted Market Value ( USD | $ 71.9 Billion |
Compound Annual Growth Rate | 8.9% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Advanced Composites, Inc.
- Agy Holdings Corp.
- BASF SE
- DowAksa Advanced Composites Holdings BV
- Dow, Inc.
- DuPont de Nemours, Inc.
- Gaffco Ballistics Inc.
- Gurit Holding AG
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Hexion Inc.
- Honeywell International, Inc.
- Huntsman International LLC
- Hyosung Corporation
- Kineco Kaman Composites
- Koninklijke Ten Cate BV
- Mitsubishi Chemical Holdings Corporation
- Nippon Graphite Fiber Corporation
- Owens Corning
- Plasan Carbon Composites, Inc.
- Quantum Composites, Inc.
- Renegade Materials Corporation
- SGL Group - The Carbon Company
- Solvay SA
- Teijin Ltd.
- Toray Industries, Inc.