High Growth Composite Materials - Global Market Trajectory & Analytics

Global High Growth Composite Materials Market to Reach $128.9 Billion by 2027

Amid the COVID-19 crisis, the global market for High Growth Composite Materials estimated at US$87.8 Billion in the year 2020, is projected to reach a revised size of US$128.9 Billion by 2027, growing at a CAGR of 5.6% over the period 2020-2027. Thermosetting Resin, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$83.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Thermoplastic Resin segment is readjusted to a revised 4.9% CAGR for the next 7-year period.

The U. S. Market is Estimated at $25.9 Billion, While China is Forecast to Grow at 5.3% CAGR

The High Growth Composite Materials market in the U. S. is estimated at US$25.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.7 Billion by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. We bring years of research experience to this 8th edition of our report. The 229-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• 3A Composites Holding AG
• 3M Company
• Airtech Advanced Materials Group
• Akzo Nobel N. V.
• BASF SE
• Cabot Corporation
• Celanese Corporation
• Diatex S. A. S.
• DuPont de Nemours, Inc.
• Exel Composites Oyj
• Gascogne Flexible
• General Electric Company
• Gurit Holding AG
• Hexcel Corporation
• Hexion, Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.