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Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region - Global Forecast to 2026

  • ID: 5130343
  • Report
  • November 2020
  • Region: Global
  • 299 Pages
  • Markets and Markets

FEATURED COMPANIES

  • Basf Se
  • Dowaksa
  • Gurit Holding Ag
  • Hexcel Corporation
  • Jushi Group Co. Ltd.
  • SGL Carbon Se

The global composites market size is projected to grow from USD 88.0 billion in 2021 to USD 126.3 billion by 2026, at a CAGR of 7.5% between 2021 and 2026. The composites offer exceptional properties, such as stiffness, strength, tenacity, density, and thermal & electrical conductivity, fatigue, and corrosion resistance. Owing to these outstanding properties offered by the composites, conventional materials such as aluminum steel are preferred less in high performance applications. However, global pandemic disease COVID-19 has forced the automotive, wind blade and aircraft manufacturers to shut down their operations which resulted into decreased demand for composites in 2020.




Natural fiber composites are the fastest-growing fiber type of composites market in terms of value. 

Natural fiber composites are projected to register the highest CAGR in terms of value between 2021 and 2026. Natural fibers, such as flax, hemp, jute, and kenaf, along with a polymer matrix, such as polypropylene, epoxy, polyethylene, or polyesters, form the natural fiber composite. The use of natural fiber composites is growing as an alternative to glass fiber composites in many end-use industries.


Thermoplastic composites is the fastest-growing resin type of composites, in terms of value. 

Thermoplastic composites are the fastest-growing resin type. The thermoplastic composites are easy to remold, and reform and hence can be reused. Thus, the companies are investing in R&D for the mass production of thermoplastic composites to reduce its cost. However, continuous lockdown in the US, Spain, Italy, India, and other countries has paused the production of automobile, aircraft parts, wind blade, and other components which has affected adversely to the composite manufacturers and might reduce the demand for composites from various end-use industries.


Resin Transfer Molding (RTM) manufacturing process is the fastest-growing manufacturing process of composites, in terms of value. 

RTM is a vacuum-assisted resin transfer process that uses a flexible solid counter tool for surface compression. This process yields increased laminate compression, high glass-to-resin ratio, and outstanding strength-to-weight characteristics. It is mainly used to mold components with large surface areas, complex shapes, and smooth finishes. The growth prospects of the RTM process are very good in the next five years due to increasing applications in the automotive and construction industries in emerging countries. It is the most promising technology available today, as it can yield large complex three-dimensional components with high mechanical performance, tight dimensional tolerance, and high surface finish.


Wind energy is the fastest-growing end-use industry of composites, in terms of value.

The wind energy is expected to grow at the highest CAGR during the forecast period. The use of composites in wind turbines provides high tensile strength, helping manufacturers to achieve larger blades and higher energy output. Due to its corrosion resistance properties, composites have helped the wind industry to grow by allowing wind turbines to work in the harshest environments. Due to COVID-19, there was a partial production in various wind blade manufacturing facilities, thereby affecting the demand for composites in the wind energy sector in 2020.


APAC is the fastest-growing composites market. 

APAC is projected to register the highest CAGR in terms of value in the global composites market during the forecast period. APAC dominated the composites industry in 2020. The composites manufacturing companies have ample opportunities in the APAC market in comparison to the European and North American counterparts owing to low-cost labor and raw materials.
Due to COVID-19, composites producers and numerous companies have halted their production sites across various countries that has led to reduced demand for composites, APAC countries. The recovery in the end-use industries with restoration in the supply chain would drive the composites demand during the forecast period.


This study has been validated through primary interviews conducted with various industry experts globally. 


These primary sources have been divided into the following three categories:

  • By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
  • By Designation- C Level- 50%, Director Level- 20%, and Others- 30%
  • By Region- North America- 15%, Europe- 50%, Asia Pacific (APAC) - 20%, Latin America-5%, Middle East & Africa (MEA)-10%,

The report provides a comprehensive analysis of company profiles listed below: 

  • Owens Corning (US) 
  • Toray Industries, Inc. (Japan)
  • Teijin Limited (Japan)
  • Mitsubishi Chemical Holdings Corporation (Japan)
  • Hexcel Corporation (US)
  • SGL Group (Germany)
  • Nippon Electric Glass Co. Ltd. (Japan)
  • Huntsman International LLC. (US)
  • Solvay (Belgium)

Research Coverage

This report covers the global composites market and forecasts the market size until 2026. The report includes the market segmentation - Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites and Other), Resin Type( Thermoset Composites and Thermoplastic Composites), Manufacturing process (Lay-up, filament winding, injection molding, pultrusion, compression molding, RTM, and others), End-use Industry (Aerospace & Defense, Wind Energy, Automotive & Transportation, Construction & Infrastructure, Marine, Pipes & Tanks, Electrical & Electronics, and Others) and Region (Europe, North America, APAC, Latin America, and MEA). Porter’s Five Forces analysis, along with the drivers, restraints, opportunities, and challenges, are discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global composites market. 


Key benefits of buying the report: 

The report will help market leaders/new entrants in this market in the following ways: 
1. This report segments the global composites market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions. 
2. The report helps stakeholders understand the pulse of the composites market and provides them with information on key market drivers, restraints, challenges, and opportunities. 
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions. 


Reasons to buy the report:

The report will help market leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall composites market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.


Frequently Asked Questions about the Global Composites Market

What is the estimated value of the Global Composites Market?

The Global Composites Market was estimated to be valued at $88.0 Billion in 2021.

What is the growth rate of the Global Composites Market?

The growth rate of the Global Composites Market is 7.5%, with an estimated value of $126.3 Billion by 2026.

What is the forecasted size of the Global Composites Market?

The Global Composites Market is estimated to be worth $126.3 Billion by 2026.

Who are the key companies in the Global Composites Market?

Key companies in the Global Composites Market include Basf Se, Binani Industries Ltd., Chongqing Polycomp International Corporation, Dowaksa, Gaffco Ballistics, Gurit Holding Ag, Henkel AG & Co. Kgaa, Hexcel Corporation and Honeywell International Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Basf Se
  • Dowaksa
  • Gurit Holding Ag
  • Hexcel Corporation
  • Jushi Group Co. Ltd.
  • SGL Carbon Se

1 Introduction
1.1 Objectives of Study
1.2 Market Definition
1.3 Inclusions & Exclusions
1.4 Market Scope
Figure 1 Composites Market Segmentation
1.4.1 Regions Covered
1.4.2 Years Considered in Study
1.5 Currency
1.6 Unit Considered
1.7 Limitations
1.8 Stakeholders
1.9 Summary of Changes


2 Research Methodology
2.1 Base Number Calculation
2.1.1 Approach 1: Supply-Side Analysis
2.1.2 Approach 2: Demand-Side Approach
2.2 Forecast Number Calculation
2.2.1 Supply-Side
2.2.2 Demand-Side
2.3 Research Data
2.3.1 Secondary Data
2.3.2 Primary Data
2.3.2.1 Primary Interviews-Top Composites Manufacturers
2.3.2.2 Breakdown of Primary Interviews
2.3.2.3 Key Industry Insights
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 2 Composites Market: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 3 Composites Market: Top-Down Approach
2.5 Data Triangulation
Figure 4 Composites Market: Data Triangulation
2.6 Factor Analysis
2.7 Assumptions
2.8 Limitations & Risks


3 Executive Summary
Figure 5 Glass Fiber Dominated Global Composites Market in 2020
Figure 6 Thermoset Composites Accounted for Largest Market Share in 2020
Figure 7 Lay-Up Manufacturing Process Accounted for Largest Share of Composites Market in 2020
Figure 8 Wind Energy Accounted for Largest Market Share in 2020
Figure 9 APAC Led Composites Market in 2020


4 Premium Insights
4.1 Composites Market Size, by Volume
Figure 10 Significant Growth Expected in Global Composites Market Between 2021 and 2026
4.2 Composites Market, by Manufacturing Process and Region, 2020
Figure 11 APAC Was Largest Market and Lay-Up Was Largest Manufacturing Process in 2020
4.3 Composites Market, by Fiber Type, 2020
Figure 12 Glass Fiber Composites Segment Dominated Market in 2020
4.4 Composites Market, by Resin Type, 2020
Figure 13 Thermoset Composites Segment Held Largest Share in Market in 2020
4.5 Composites Market, by End-Use Industry, 2020
Figure 14 Automotive & Transportation Industry Dominated Market
4.6 Composites Market Growth, by Key Countries
Figure 15 China to be Fastest-Growing Composites Market, (2021-2026)


5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges in Composites Market
5.2.1 Drivers
5.2.1.1 Increasing Demand from Various Applications in End-Use Industries
Table 1 Eu: Co2 Emission Standards for New Passenger Cars
5.2.1.2 Government Stimulus Packages to Drive Composites Market Post-COVID-19
5.2.1.3 Recovering Aerospace Market
5.2.1.4 Tax Incentives to Drive Composites Demand in Wind Energy
5.2.2 Restraints
5.2.2.1 High Processing and Manufacturing Cost
5.2.2.2 Lack of Standardization in Manufacturing Technologies
5.2.2.3 Lower Demand, Low-Capacity Utilization, and Liquidity Crunch Due to COVID-19
5.2.3 Opportunities
5.2.3.1 Increasing Demand in Emerging Economies
Table 2 Contribution to Growth in Global Construction Output, by Country (2019-2030)
5.2.3.2 High Demand for Environment-Friendly Electric Vehicles
5.2.3.3 Growing Adoption of Natural Composites
5.2.3.4 Growing Penetration of Natural Fiber Composites and Carbon Fiber Composites in Emerging Applications
5.2.3.5 Reduction of Carbon Fibers Cost
5.2.3.6 Increasing Awareness of Oems Regarding Strict Government Regulations
5.2.4 Challenges
5.2.4.1 Developing Low-Cost Technologies
5.2.4.2 Issues Related to Recycling
5.3 Industry Trends
Figure 17 Composites Market: Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
Table 3 Composites Market: Porter's Five Forces Analysis
5.4 Technology Analysis
Table 4 Comparative Study of Major Composite Manufacturing Processes
5.5 Ecosystem: Composites Market
5.6 Value Chain Analysis
5.6.1 Raw Materials
5.6.2 Intermediates
5.6.3 Molder
5.6.4 Oem/ Assembly
5.7 Supply Chain Analysis
5.8 Impact of COVID-19
5.8.1 Impact of COVID-19 on Aerospace Industry
Table 5 Number of Airplane Deliveries, by Manufacturer, 2020
5.8.1.1 Short-Term Strategies to Manage Cost Structure and Supply Chains
5.8.1.2 New Opportunities
5.8.2 Impact of COVID-19 on Automotive Industry
5.8.3 Short-Term Strategies to Manage Cost Structure and Supply Chains
5.8.4 Impact on Electric Vehicle (Ev) Demand Due to Lower Oil Prices
5.8.5 New Opportunities
5.9 Impact of COVID-19 on Wind Energy Industry
5.9.1 Short-Term Strategies to Manage Cost Structure and Supply Chains
5.9.2 New Opportunities
5.10 Composites Market: Optimistic, Pessimistic, and Realistic Scenarios
Table 6 Composites Market: CAGR (By Value) in Realistic, Pessimistic, and Optimistic Scenarios
5.10.1 Optimistic Scenario
5.10.2 Pessimistic Scenario
5.10.3 Realistic Scenario
5.11 Pricing Analysis
5.12 Average Selling Price
Figure 19 Composites Average Selling Price, by Region
5.13 Key Markets for Import/Export
5.13.1 China
5.13.2 US
5.13.3 Germany
5.13.4 France
5.13.5 India
5.14 Patent Analysis
5.14.1 Introduction
5.14.2 Methodology
5.14.3 Document Type
Table 7 Composites Market: Global Patents
Figure 20 Global Patent Analysis, by Document Type
Figure 21 Global Patent Publication Trend Analysis: Last 10 Years
5.14.4 Insights
5.14.5 Legal Status of Patents
Figure 22 Composites Market: Legal Status of Patents
5.14.6 Jurisdiction Analysis
Figure 23 Global Jurisdiction Analysis
5.14.7 Top Applicants' Analysis
Figure 24 Boeing Has Highest Number of Patents
5.14.8 List of Patents, by Boeing
5.14.9 List of Patents, by Nissin Kogyo
5.14.10 List of Patents by Arkema France
5.14.11 Top 10 Patent Owners (Us) in Last 10 Years
5.15 Case Study Analysis
5.16 Tariff and Regulations
Table 8 Current Standard Codes for Automotive Composites
Table 9 Current Standard Codes for Construction Composites
5.17 Impact on Customers' Business


6 Composites Market, by Fiber Type
6.1 Introduction
Figure 25 Glass Fiber Composites to Dominate Composites Market
Table 10 Composites Market Size, by Fiber Type, 2017-2020 (USD Million)
Table 11 Composites Market Size, by Fiber Type, 2017-2020 (Kiloton)
Table 12 Composites Market Size, by Fiber Type, 2021-2026 (USD Million)
Table 13 Composites Market Size, by Fiber Type, 2021-2026 (Kiloton)
6.2 Glass Fiber Composites
Figure 26 APAC to be Largest Glass Fiber Composites Market During Forecasted Period
6.2.1 Glass Fiber Composites, by Region
Table 14 Glass Fiber Composites Market Size, by Region, 2017-2020 (USD Million)
Table 15 Glass Fiber Composites Market Size, by Region, 2017-2020 (Kiloton)
Table 16 Glass Fiber Composites Market Size, by Region, 2021-2026 (USD Million)
Table 17 Glass Fiber Composites Market Size, by Region, 2021-2026 (Kiloton)
6.3 Carbon Fiber Composites
Figure 27 Europe is Expected to be Largest Carbon Fiber Composites Market by 2026
6.3.1 Carbon Fiber Composites, by Region
Table 18 Carbon Fiber Composites Market Size, by Region, 2017-2020 (USD Million)
Table 19 Carbon Fiber Composites Market Size, by Region, 2017-2020 (Kiloton)
Table 20 Carbon Fiber Composites Market Size, by Region, 2021-2026 (USD Million)
Table 21 Carbon Fiber Composites Market Size, by Region, 2021-2026 (Kiloton)
6.4 Natural Fiber Composites
Table 22 Natural Fiber Composites in Automotive Industry by Different Manufacturers
Figure 28 Europe to be Largest Natural Fiber Composites Market During Forecasted Years
6.4.1 Natural Fiber Composites, by Region
Table 23 Natural Fiber Composites Market Size, by Region, 2017-2020 (USD Million)
Table 24 Natural Fiber Composites Market Size, by Region, 2017-2020 (Kiloton)
Table 25 Natural Fiber Composites Market Size, by Region, 2021-2026 (USD Million)
Table 26 Natural Fiber Composites Market Size, by Region, 2021-2026 (Kiloton)
6.5 Others
6.5.1 Basalt Fiber Composites
6.5.2 Aramid Fiber Composites
6.5.3 Boron Fiber Composites
6.5.4 Hybrid Fiber Composites
6.5.5 Ultra-High-Molecular-Weight Polyethylene (Uhmwpe) Fiber Composites
Figure 29 APAC to be Largest Other Fiber Composites Market
6.5.6 Other Fiber Composites, by Region
Table 27 Other Fiber Composites Market Size, by Region, 2017-2020 (USD Million)
Table 28 Other Fiber Composites Market Size, by Region, 2017-2020 (Kiloton)
Table 29 Other Fiber Composites Market Size, by Region, 2021-2026 (USD Million)
Table 30 Other Fiber Composites Market Size, by Region, 2021-2026 (Kiloton)


7 Composites Market, by Resin Type
7.1 Introduction
Figure 30 Thermoset Composites to Dominate Composites Market
Table 31 Composites Market Size, by Resin Type, 2017-2020 (USD Million)
Table 32 Composites Market Size, by Resin Type, 2017-2020 (Kiloton)
Table 33 Composites Market Size, by Resin Type, 2021-2026 (USD Million)
Table 34 Composites Market Size, by Resin Type, 2021-2026 (Kiloton)
7.2 Thermoset Composites
7.2.1 Epoxy Resin
7.2.2 Polyester Resin
7.2.3 Vinyl Ester Resin
7.2.4 Polyurethane Resin
7.2.5 Others
Figure 31 APAC to be Largest Thermoset Composites Market
7.2.6 Thermoset Composites Market, by Region
Table 35 Thermoset Composites Market Size, by Region, 2017-2020 (USD Million)
Table 36 Thermoset Composites Market Size, by Region, 2017-2020 (Kiloton)
Table 37 Thermoset Composites Market Size, by Region, 2021-2026 (USD Million)
Table 38 Thermoset Composites Market Size, by Region, 2021-2026 (Kiloton)
7.3 Thermoplastic Composites
7.3.1 Polycarbonates (Pc)
7.3.2 Polypropylene (Pp)
7.3.3 Polyphenylene Sulfide (Pps)
7.3.4 Polyetherimide (Pei)
7.3.5 Polyetheretherketone (Peek)
7.3.6 Polyamide (Pa)
7.3.7 Others
Figure 32 APAC to be Largest Thermoplastic Composites Market
7.3.8 Thermoplastic Composites Market, by Region
Table 39 Thermoplastic Composites Market Size, by Region, 2017-2020 (USD Million)
Table 40 Thermoplastic Composites Market Size, by Region, 2017-2020 (Kiloton)
Table 41 Thermoplastic Composites Market Size, by Region, 2021-2026 (USD Million)
Table 42 Thermoplastic Composites Market Size, by Region, 2021-2026 (Kiloton)


8 Composites Market, by Manufacturing Process
8.1 Introduction
Figure 33 Lay-Up Manufacturing Process to Dominate Composites Market During Forecast Period
Table 43 Composites Market Size, by Manufacturing Process, 2017-2020 (USD Million)
Table 44 Composites Market Size, by Manufacturing Process, 2017-2020 (Kiloton)
Table 45 Composites Market Size, by Manufacturing Process, 2021-2026 (USD Million)
Table 46 Composites Market Size, by Manufacturing Process, 2021-2026 (Kiloton)
8.2 Lay-Up Process
Figure 34 APAC to Have Largest Demand for Lay-Up Process
8.2.1 Lay-Up Process: Composites Market, by Region
Table 47 Lay-Up Process: Composites Market, by Region, 2017-2020 (USD Million)
Table 48 Lay-Up Process: Composites Market, by Region, 2017-2020 (Kiloton)
Table 49 Lay-Up Process: Composites Market, by Region, 2021-2026 (USD Million)
Table 50 Lay-Up Process: Composites Market, by Region, 2021-2026 (Kiloton)
8.3 Filament Winding Process
Figure 35 APAC to Have Largest Demand for Filament Winding Process During Forecast Period
8.3.1 Filament Winding Process: Composites Market, by Region
Table 51 Filament Winding Process: Composites Market, by Region, 2017-2020 (USD Million)
Table 52 Filament Winding Process: Composites Market, by Region, 2017-2020 (Kiloton)
Table 53 Filament Winding Process: Composites Market, by Region, 2021-2026 (USD Million)
Table 54 Filament Winding Process: Composites Market, by Region, 2021-2026 (Kiloton)
8.4 Injection Molding Process
Figure 36 APAC to be Largest Market for Injection Molding Process in Composites Market
8.4.1 Injection Molding Process: Composites Market, by Region
Table 55 Injection Molding Process: Composites Market, by Region, 2017-2020 (USD Million)
Table 56 Injection Molding Process: Composites Market, by Region, 2017-2020 (Kiloton)
Table 57 Injection Molding Process: Composites Market, by Region, 2021-2026 (USD Million)
Table 58 Injection Molding Process: Composites Market, by Region, 2021-2026 (Kiloton)
8.5 Pultrusion Process
Figure 37 APAC to be Largest Market for Pultrusion Process in Composites Market
8.5.1 Pultrusion Process: Composites Market, by Region
Table 59 Pultrusion Process: Composites Market, by Region, 2017-2020 (USD Million)
Table 60 Pultrusion Process: Composites Market, by Region, 2017-2020 (Kiloton)
Table 61 Pultrusion Process: Composites Market, by Region, 2021-2026 (USD Million)
Table 62 Pultrusion Process: Composites Market, by Region, 2021-2026 (Kiloton)
8.6 Compression Molding Process
8.6.1 Compression Molding Process: Composites Market, by Region
Table 63 Compression Molding Process: Composites Market, by Region, 2017-2020 (USD Million)
Table 64 Compression Molding Process: Composites Market, by Region, 2017-2020 (Kiloton)
Table 65 Compression Molding Process: Composites Market, by Region, 2021-2026 (USD Million)
Table 66 Compression Molding Process: Composites Market, by Region, 2021-2026 (Kiloton)
8.7 Resin Transfer Molding (Rtm) Process
8.7.1 Rtm Process: Composites Market, by Region
Table 67 Rtm Process: Composites Market, by Region, 2017-2020 (USD Million)
Table 68 Rtm Process: Composites Market, by Region, 2017-2020 (Kiloton)
Table 69 Rtm Process: Composites Market, by Region, 2021-2026 (USD Million)
Table 70 Rtm Process: Composites Market, by Region, 2021-2026 (Kiloton)
8.8 Others
8.8.1 Other Process: Composites Market, by Region
Table 71 Other Process: Composites Market, by Region, 2017-2020 (USD Million)
Table 72 Other Process: Composites Market, by Region, 2017-2020 (Kiloton)
Table 73 Other Process: Composites Market, by Region, 2021-2026 (USD Million)
Table 74 Other Process: Composites Market, by Region, 2021-2026 (Kiloton)


9 Composites Market, by End-Use Industry
9.1 Introduction
Figure 38 Aerospace & Defense Industry to Dominate Composites Market During Forecast Period
Table 75 Composites Market Size, by End-Use Industry, 2017-2020 (USD Million)
Table 76 Composites Market Size, by End-Use Industry, 2017-2020 (Kiloton)
Table 77 Composites Market Size, by End-Use Industry, 2021-2026 (USD Million)
Table 78 Composites Market Size, by End-Use Industry, 2021-2026 (Kiloton)
9.2 Aerospace & Defense
9.2.1 Civil
9.2.2 Defense
Table 79 Number of New Commercial Airplane Deliveries, by Region (2019-2038)
Figure 39 Europe to Have Largest Demand for Composites from Aerospace & Defense End-Use Industry
9.2.3 Composites Market Size in Aerospace & Defense End-Use Industry, by Region
Table 80 Composites Market Size in Aerospace & Defense End-Use Industry, by Region, 2017-2020 (USD Million)
Table 81 Composites Market Size in Aerospace & Defense End-Use Industry, by Region, 2017-2020 (Kiloton)
Table 82 Composites Market Size in Aerospace & Defense End-Use Industry, by Region, 2021-2026 (USD Million)
Table 83 Composites Market Size in Aerospace & Defense End-Use Industry, by Region, 2021-2026 (Kiloton)
9.3 Wind Energy
Figure 40 APAC to Have Largest Demand from Wind Energy Industry
9.3.1 Composites Market Size in Wind Energy End-Use Industry, by Region
Table 84 Composites Market Size in Wind Energy End-Use Industry, by Region, 2017-2020 (USD Million)
Table 85 Composites Market Size in Wind Energy End-Use Industry, by Region, 2017-2020 (Kiloton)
Table 86 Composites Market Size in Wind Energy End-Use Industry, by Region, 2021-2026 (USD Million)
Table 87 Composites Market Size in Wind Energy End-Use Industry, by Region, 2021-2026 (Kiloton)
9.4 Automotive & Transportation
Table 88 Cost Benefits of Composite Parts vs Steel Parts
9.4.1 Automotive
9.4.2 Recreational Vehicles
9.4.3 Bus, Trucks, and Other Heavy Vehicles
9.4.4 Metros and Monorails
9.4.5 Passenger Rails
9.4.6 High Speed and Bullet Trains
Figure 41 Europe to Lead Composites Market in Automotive & Transportation Industry
9.4.7 Composites Market Size in Automotive & Transportation End-Use Industry, by Region
Table 89 Composites Market Size in Automotive & Transportation End-Use Industry, by Region, 2017-2020 (USD Million)
Table 90 Composites Market Size in Automotive & Transportation End-Use Industry, by Region, 2017-2020 (Kiloton)
Table 91 Composites Market Size in Automotive & Transportation End-Use Industry, by Region, 2021-2026 (USD Million)
Table 92 Composites Market Size in Automotive & Transportation End-Use Industry, by Region, 2021-2026 (Kiloton)
9.5 Construction & Infrastructure
Figure 42 APAC to be Largest Market Composites in Construction & Infrastructure End-Use Industry
9.5.1 Composites Market Size in Construction & Infrastructure End-Use Industry, by Region
Table 93 Composites Market Size in Construction & Infrastructure End-Use Industry, by Region, 2017-2020 (USD Million)
Table 94 Composites Market Size in Construction & Infrastructure End-Use Industry, by Region, 2017-2020 (Kiloton)
Table 95 Composites Market Size in Construction & Infrastructure End-Use Industry, by Region, 2021-2026 (USD Million)
Table 96 Composites Market Size in Construction & Infrastructure End-Use Industry, by Region, 2021-2026 (Kiloton)
9.6 Pipes & Tanks
9.6.1 Composites Market Size in Pipes & Tanks End-Use Industry, by Region
Table 97 Comp Composites Market Size in Pipes & Tanks End-Use Industry, by Region, 2017-2020 (USD Million)
Table 98 Composites Market Size in Pipes & Tanks End-Use Industry, by Region, 2017-2020 (Kiloton)
Table 99 Composites Market Size in Pipes & Tanks End-Use Industry, by Region, 2021-2026 (USD Million)
Table 100 Composites Market Size in Pipes & Tanks End-Use Industry, by Region, 2021-2026 (Kiloton)
9.7 Marine
9.7.1 Powerboat
9.7.2 Sailboat
9.7.3 Cruise Ship
9.7.4 Others
9.7.5 Composites Market Size in Marine End-Use Industry, by Region
Table 101 Composites Market Size in Marine End-Use Industry, by Region, 2017-2020 (USD Million)
Table 102 Composites Market Size in Marine End-Use Industry, by Region, 2017-2020 (Kiloton)
Table 103 Composites Market Size in Marine End-Use Industry, by Region, 2021-2026 (USD Million)
Table 104 Composites Market Size in Marine End-Use Industry, by Region, 2021-2026 (Kiloton)
9.8 Electrical & Electronics
9.8.1 Composites Market Size in Electrical & Electronics End-Use Industry, by Region
Table 105 Composites Market Size in Electrical & Electronics End-Use Industry, by Region, 2017-2020 (USD Million)
Table 106 Composites Market Size in Electrical & Electronics End-Use Industry, by Region, 2017-2020 (Kiloton)
Table 107 Composites Market Size in Electrical & Electronics End-Use Industry, by Region, 2021-2026 (USD Million)
Table 108 Composites Market Size in Electrical & Electronics End-Use Industry, by Region, 2021-2026 (Kiloton)
9.9 Others
9.9.1 Industrial
9.9.2 Healthcare
9.9.3 Sporting Goods
9.9.4 Composites Market Size in Other End-Use Industries, by Region
Table 109 Composites Market Size in Other End-Use Industries, by Region, 2017-2020 (USD Million)
Table 110 Composites Market Size in Other End-Use Industries, by Region, 2017-2020 (Kiloton)
Table 111 Composites Market Size in Other End-Use Industries, by Region, 2021-2026 (USD Million)
Table 112 Composites Market Size in Other End-Use Industry, by Region, 2021-2026 (Kiloton)


10 Composites Market, by Region
10.1 Introduction
Figure 43 China to be Fastest-Growing Composites Market During Forecast Period
Table 113 Composites Market Size, by Region, 2017-2020 (USD Million)
Table 114 Composites Market Size, by Region, 2017-2020 (Kiloton)
Table 115 Composites Market Size, by Region, 2021-2026 (USD Million)
Table 116 Composites Market Size, by Region, 2021-2026 (Kiloton)
10.2 North America
Figure 44 North America: Composites Market Snapshot
10.2.1 North America: Composites Market, by Fiber Type
Table 117 North America: Composites Market, by Fiber Type, 2017-2020 (USD Million)
Table 118 North America: Composites Market, by Fiber Type, 2017-2020 (Kiloton)
Table 119 North America: Composites Market, by Fiber Type, 2021-2026 (USD Million)
Table 120 North America: Composites Market, by Fiber Type, 2021-2026 (Kiloton)
10.2.2 North America: Composites Market, by Manufacturing Process
Table 121 North America: Composites Market, by Manufacturing Process, 2017-2020 (USD Million)
Table 122 North America: Composites Market, by Manufacturing Process, 2017-2020 (Kiloton)
Table 123 North America: Composites Market, by Manufacturing Process, 2021-2026 (USD Million)
Table 124 North America: Composites Market, by Manufacturing Process, 2021-2026 (Kiloton)
10.2.3 North America: Composites Market, by Resin Type
Table 125 North America: Composites Market, by Resin Type, 2017-2020 (USD Million)
Table 126 North America: Composites Market, by Resin Type, 2017-2020 (Kiloton)
Table 127 North America: Composites Market, by Resin Type, 2021-2026 (USD Million)
Table 128 North America: Composites Market, by Resin Type, 2021-2026 (Kiloton)
10.2.4 North America: Composites Market, by End-Use Industry
Table 129 North America: Composites Market, by End-Use Industry, 2017-2020 (USD Million)
Table 130 North America: Composites Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 131 North America: Composites Market, by End-Use Industry, 2021-2026 (USD Million)
Table 132 North America: Composites Market, by End-Use Industry, 2021-2026 (Kiloton)
10.2.5 North America: Composites Market, by Country
Table 133 North America: Composites Market, by Country, 2017-2020 (USD Million)
Table 134 North America: Composites Market, by Country, 2017-2020 (Kiloton)
Table 135 North America: Composites Market, by Country, 2021-2026 (USD Million)
Table 136 North America: Composites Market, by Country, 2021-2026 (Kiloton)
10.2.5.1 US
Table 137 Us: New Wind Energy Installations, 2010-2019 (Mw)
10.2.5.2 Canada
10.3 Europe
Figure 45 Europe: Composites Market Snapshot
10.3.1 Europe: Composites Market, by Fiber Type
Table 138 Europe: Composites Market, by Fiber Type, 2017-2020 (USD Million)
Table 139 Europe: Composites Market, by Fiber Type, 2017-2020 (Kiloton)
Table 140 Europe: Composites Market, by Fiber Type, 2021-2026 (USD Million)
Table 141 Europe: Composites Market, by Fiber Type, 2021-2026 (Kiloton)
10.3.2 Europe: Composites Market, by Manufacturing Process
Table 142 Europe: Composites Market, by Manufacturing Process, 2017-2020 (USD Million)
Table 143 Europe: Composites Market, by Manufacturing Process, 2017-2020 (Kiloton)
Table 144 Europe: Composites Market, by Manufacturing Process, 2021-2026 (USD Million)
Table 145 Europe: Composites Market, by Manufacturing Process, 2021-2026 (Kiloton)
10.3.3 Europe: Composites Market, by Resin Type
Table 146 Europe: Composites Market, by Resin Type, 2017-2020 (USD Million)
Table 147 Europe: Composites Market, by Resin Type, 2017-2020 (Kiloton)
Table 148 Europe: Composites Market, by Resin Type, 2021-2026 (USD Million)
Table 149 Europe: Composites Market, by Resin Type, 2021-2026 (Kiloton)
10.3.4 Europe: Composites Market, by End-Use Industry
Table 150 Europe: Composites Market, by End-Use Industry, 2017-2020 (USD Million)
Table 151 Europe: Composites Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 152 Europe: Composites Market, by End-Use Industry, 2021-2026 (USD Million)
Table 153 Europe: Composites Market, by End-Use Industry, 2021-2026 (Kiloton)
10.3.5 Europe: Composites Market, by Country
Table 154 Europe: Composites Market, by Country, 2017-2020 (USD Million)
Table 155 Europe: Composites Market, by Country, 2017-2020 (Kiloton)
Table 156 Europe: Composites Market, by Country, 2021-2026 (USD Million)
Table 157 Europe: Composites Market, by Country, 2021-2026 (Kiloton)
10.3.5.1 Germany
Table 158 Germany: New Wind Energy Installations, 2010-2020 (Mw)
10.3.5.2 France
10.3.5.3 UK
10.3.5.4 Italy
10.3.5.5 Spain
10.3.5.6 Russia
Table 159 Russia: Composites Market, by End-Use Industry, 2017-2020 (USD Million)
Table 160 Russia: Composites Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 161 Russia: Composites Market, by End-Use Industry, 2021-2026 (USD Million)
Table 162 Russia: Composites Market, by End-Use Industry, 2021-2026 (Kiloton)
10.3.5.7 Rest of Europe
10.4 APAC
Figure 46 APAC: Composites Market Snapshot
10.4.1 APAC: Composites Market, by Fiber Type
Table 163 APAC: Composites Market, by Fiber Type, 2017-2020 (USD Million)
Table 164 APAC: Composites Market, by Fiber Type, 2017-2020 (Kiloton)
Table 165 APAC: Composites Market, by Fiber Type, 2021-2026 (USD Million)
Table 166 APAC: Composites Market, by Fiber Type, 2021-2026 (Kiloton)
10.4.2 APAC: Composites Market, by Manufacturing Process
Table 167 APAC: Composites Market, by Manufacturing Process, 2017-2020 (USD Million)
Table 168 APAC: Composites Market, by Manufacturing Process, 2017-2020 (Kiloton)
Table 169 APAC: Composites Market, by Manufacturing Process, 2021-2026 (USD Million)
Table 170 APAC: Composites Market, by Manufacturing Process, 2021-2026 (Kiloton)
10.4.3 APAC: Composites Market, by Resin Type
Table 171 APAC: Composites Market, by Resin Type, 2017-2020 (USD Million)
Table 172 APAC: Composites Market, by Resin Type, 2017-2020 (Kiloton)
Table 173 APAC: Composites Market, by Resin Type, 2021-2026 (USD Million)
Table 174 APAC: Composites Market, by Resin Type, 2021-2026 (Kiloton)
10.4.4 APAC: Composites Market, by End-Use Industry
Table 175 APAC: Composites Market, by End-Use Industry, 2017-2020 (USD Million)
Table 176 APAC: Composites Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 177 APAC: Composites Market, by End-Use Industry, 2021-2026 (USD Million)
Table 178 APAC: Composites Market, by End-Use Industry, 2021-2026 (Kiloton)
10.4.5 APAC: Composites Market, by Country
Table 179 APAC: Composites Market, by Country, 2017-2020 (USD Million)
Table 180 APAC: Composites Market, by Country, 2017-2020 (Kiloton)
Table 181 APAC: Composites Market, by Country, 2021-2026 (USD Million)
Table 182 APAC: Composites Market, by Country, 2021-2026 (Kiloton)
10.4.5.1 China
Table 183 China: New Wind Energy Installations, 2010-2019 (Mw)
10.4.5.2 Japan
10.4.5.3 India
10.4.5.4 South Korea
10.4.5.5 Rest of APAC
10.5 Middle East & Africa
10.5.1 Mea: Composites Market, by Fiber Type
Table 184 Mea: Composites Market, by Fiber Type, 2017-2020 (USD Million)
Table 185 Mea: Composites Market, by Fiber Type, 2017-2020 (Kiloton)
Table 186 Mea: Composites Market, by Fiber Type, 2021-2026 (USD Million)
Table 187 Mea: Composites Market, by Fiber Type, 2021-2026 (Kiloton)
10.5.2 Mea: Composites Market, by Manufacturing Process
Table 188 Mea: Composites Market, by Manufacturing Process, 2017-2020 (USD Million)
Table 189 Mea: Composites Market, by Manufacturing Process, 2017-2020 (Kiloton)
Table 190 Mea: Composites Market, by Manufacturing Process, 2021-2026 (USD Million)
Table 191 Mea: Composites Market, by Manufacturing Process, 2021-2026 (Kiloton)
10.5.3 Mea: Composites Market, by End-Use Industry
Table 192 Mea: Composites Market, by End-Use Industry, 2017-2020 (USD Million)
Table 193 Mea: Composites Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 194 Mea: Composites Market, by End-Use Industry, 2021-2026 (USD Million)
Table 195 Mea: Composites Market, by End-Use Industry, 2021-2026 (Kiloton)
10.5.4 Mea: Composites Market, by Country
Table 196 Mea: Composites Market, by Country, 2017-2020 (USD Million)
Table 197 Mea: Composites Market, by Country, 2017-2020 (Kiloton)
Table 198 Mea: Composites Market, by Country, 2021-2026 (USD Million)
Table 199 Mea: Composites Market, by Country, 2021-2026 (Kiloton)
10.5.4.1 Uae
10.5.4.2 Saudi Arabia
10.5.4.3 UK
10.5.4.4 Rest of Mea
10.6 Latin America
10.6.1 Latin America: Composites Market, by Fiber Type
Table 200 Latin America: Composites Market, by Fiber Type, 2017-2020 (USD Million)
Table 201 Latin America: Composites Market, by Fiber Type, 2017-2020 (Kiloton)
Table 202 Latin America: Composites Market, by Fiber Type, 2021-2026 (USD Million)
Table 203 Latin America: Composites Market, by Fiber Type, 2021-2026 (Kiloton)
10.6.2 Latin America: Composites Market, by Manufacturing Process
Table 204 Latin America: Composites Market, by Manufacturing Process, 2017-2020 (USD Million)
Table 205 Latin America: Composites Market, by Manufacturing Process, 2017-2020 (Kiloton)
Table 206 Latin America: Composites Market, by Manufacturing Process, 2021-2026 (USD Million)
Table 207 Latin America: Composites Market, by Manufacturing Process, 2021-2026 (Kiloton)
10.6.3 Latin America: Composites Market, by End-Use Industry
Table 208 Latin America: Composites Market, by End-Use Industry, 2017-2020 (USD Million)
Table 209 Latin America: Composites Market, by End-Use Industry, 2017-2020 (Kiloton)
Table 210 Latin America: Composites Market, by End-Use Industry, 2021-2026 (USD Million)
Table 211 Latin America: Composites Market, by End-Use Industry, 2021-2026 (Kiloton)
10.6.4 Latin America: Composites Market, by Country
Table 212 Latin America: Composites Market, by Country, 2017-2020 (USD Million)
Table 213 Latin America: Composites Market, by Country, 2017-2020 (Kiloton)
Table 214 Latin America: Composites Market, by Country, 2021-2026 (USD Million)
Table 215 Latin America: Composites Market, by Country, 2021-2026 (Kiloton)
10.6.4.1 Brazil
10.6.4.2 Mexico
10.6.4.3 Rest of Latin America


11 Competitive Landscape
11.1 Introduction
11.2 Market Share Analysis
Figure 47 Market Share of Top Companies in Composites Market
Table 216 Degree of Competition: Composites Market
11.3 Market Ranking
Figure 48 Ranking of Top Five Players in the Composites Market
11.4 Market Evaluation Framework
Table 217 Composites Market: Deals, 2016-2021
Table 218 Composites Market: Others, 2016-2021
Table 219 Composites Market: New Product Development, 2016-2021
11.5 Revenue Analysis of Top Market Players
11.6 Company Evaluation Matrix
Table 220 Company Product Footprint
Figure 49 Company End-Use Industry Footprint
Table 221 Company Region Footprint
11.6.1 Star
11.6.2 Pervasive
11.6.3 Participants
11.6.4 Emerging Leaders
Figure 50 Composites Market (Global): Competitive Leadership Mapping, 2020
11.6.5 Strength of Product Portfolio
Figure 51 Product Portfolio Analysis of Top Players in Composites Market
11.6.6 Business Strategy Excellence
Figure 52 Business Strategy Excellence of Top Players in the Composites Market
11.7 Start-Up/ Small and Medium-Sized Enterprises (Sme) Evaluation Matrix
11.7.1 Progressive Companies
11.7.2 Responsive Companies
11.7.3 Dynamic Companies
11.7.4 Starting Blocks
Figure 53 Composites Market: Small and Medium-Sized Enterprises Mapping, 2020


12 Company Profiles
12.1 Key Companies (Business Overview, Products Offered, Deal, Other Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
12.1.1 Owens Corning
Table 222 Owens Corning: Company Overview
12.1.2 Toray Industries, Inc.
Table 223 Toray Industries, Inc.: Company Overview
Figure 55 Toray Industries, Inc.: Company Snapshot
12.1.3 Mitsubishi Chemical Holdings Corporation
Table 224 Mitsubishi Chemical Holdings Corporation: Company Overview
Figure 56 Mitsubishi Chemical Holdings Corporation: Company Snapshot
12.1.4 Solvay S.A.
Table 225 Solvay S.A.: Company Overview
Figure 57 Solvay S.A.: Company Snapshot
12.1.5 Teijin Limited
Table 226 Teijin Limited: Company Overview
Figure 58 Teijin Limited: Company Snapshot
12.1.6 Sgl Carbon Se
Table 227 Sgl Carbon Se: Company Overviews
12.1.7 Hexcel Corporation
Table 228 Hexcel Corporation: Company Overview
Figure 60 Hexcel Corporation: Company Snapshot
12.1.8 Nippon Electric Glass Co. Ltd.
Table 229 Nippon Electric Glass Co. Ltd.: Company Overview
Figure 61 Nippon Electric Glass Co. Ltd.: Company Snapshot
12.1.9 Huntsman International LLC
Table 230 Huntsman International LLC: Company Overview
Figure 62 Huntsman International LLC: Company Snapshot
12.1.10 Hexion
Table 231 Hexion: Business Overview
Figure 63 Hexion: Company Snapshot
12.1.11 Gurit Holding Ag
Table 232 Gurit Holding Ag: Company Overview
Figure 64 Gurit Holding Ag: Company Snapshot
12.1.12 Weyerhaeuser Company
Table 233 Weyerhaeuser Company: Companyoverview
Figure 65 Weyerhaeuser Company: Company Snapshot
12.1.13 Jushi Group Co. Ltd.
Table 234 Jushi Group Co. Ltd.: Company Overview
12.1.14 Chongqing Polycomp International Corporation
Table 235 Chongqing Polycomp International Corporation: Company Business Overview
12.1.15 Taishan Fiberglass Inc.(Ctg)
Table 236 Taishan Fiberglass Inc. (Ctg): Company Overview
12.2 Other Key Players
12.2.1 Basf Se
12.2.2 Dowaksa
12.2.3 Honeywell International Inc.
12.2.4 Renegade Materials Corporation
12.2.5 Kineco Kaman Composites - India Private Limited
12.2.6 Henkel AG & Co. Kgaa
12.2.7 Upm Biocomposites
12.2.8 Trex Company, Inc.
12.2.9 Gaffco Ballistics
12.2.10 Binani Industries Ltd.
*Details on Business Overview, Products Offered, Deal, Other Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats Might Not be Captured in Case of Unlisted Companies.


13 Appendix
13.1 Discussion Guide
13.2 Available Customizations
13.3 Related Report
13.4 Author Details


Note: Product cover images may vary from those shown
  • Basf Se
  • Binani Industries Ltd.
  • Chongqing Polycomp International Corporation
  • Dowaksa
  • Gaffco Ballistics
  • Gurit Holding Ag
  • Henkel AG & Co. Kgaa
  • Hexcel Corporation
  • Hexion
  • Honeywell International Inc.
  • Huntsman International LLC
  • Jushi Group Co. Ltd.
  • Kineco Kaman Composites - India Private Limited
  • Mitsubishi Chemical Holdings Corporation
  • Nippon Electric Glass Co. Ltd.
  • Owens Corning
  • Renegade Materials Corporation
  • SGL Carbon Se
  • Solvay S.A.
  • Taishan Fiberglass Inc.(Ctg)
  • Teijin Limited
  • Toray Industries, Inc.
  • Trex Company, Inc.
  • Upm Biocomposites
  • Weyerhaeuser Company
Note: Product cover images may vary from those shown

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