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Composites Market to Grow US$ 160 Billion by 2027

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The global Composites market size is expected to surpass around US$ 160 billion by 2027 and the market is expected to garner growth at a CAGR of 7.8% over the forecast period 2021 to 2027.

The Composites market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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Growth Factors

Global composites market is largely influenced by ascending lightweight materials demand in many sectors like automotive, wind energy, transportation, aerospace and defense. Growing demand for composites in the automotive sector of emerging economies is predicted to lift the growth of global composite market during forecast period. Escalating prices of fuel have prompted the requirement for fuel-efficient vehicles. Composites are largely employed as the replacement for wood, aluminum, and steel due to its greater strength to weight ratio.

At present, against the backdrop of unsettled China/U.S. trade disagreements, the U.S. composites sector stays optimistic and endures to demonstrate positive growth. This mainly backed by stable growth of aerospace wind energy, and construction areas.

Market Report Scope

Report Highlights Details
Market Size in 2020 USD 89 Billion
Growth Rate CAGR of 7.8% from 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Composites market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Composites market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Composites. The study also provides the dynamics that are responsible for influencing the future status of the Composites market over the forecast period.

A detailed assessment of the Composites market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Composites market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • Asia Pacific is predicted to mirror its dominance by both value and volume throughout the forecast period. This high growth is attributed to rising demand from expanding transportation, electrical and electronics, construction segments in this region.
  • Some of the driving factors for extensive growth of composites market are high growth in construction, cumulative automotive production, and infrastructure advancements.
  • Glass fiber-based composites products dominated the global marketplace in 2019, followed by carbon fiber-based composites.
  • The appearance of the Singapore, Philippines, Indonesia, Malaysia, and Vietnam as chief shipbuilding hubs in Asia Pacific is projected to stimulate composites demand in the region during years to come
  • The global composites market has emerged as exciting workplace due to new materials, processes and increasing applications areas.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Regional Snapshots

Asia Pacific dominated the global composite market in 2019, with around 45% revenue share of the overall market. Some of the major consumers of glass fiber composites in the U.S. are the transportation construction, and pipe and tank sectors. These segments collectively account for around 70% of the whole usage. Forthcoming trends show that these crucial segments provide noteworthy growth latent for the U.S. composites commerce. Growing commercial and residential construction, water and wastewater infrastructure, constant growth in gas and oil accomplishments and proliferating demand for lightweight vehicles are predicted to support the market growth.

Latin America is extremely challenging region for composites market. Economic and political uncertainty in this region had decelerated the growth of the market in the past few years. Nevertheless, in recent few years, the regional market showed comparatively solid growth, particularly in Brazil. Local and regional market companies are finding this market attractive due to vigorous growth in the end use sectors of this region.

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Huntsman Corporation LLC
  • SGL Group
  • Teijin Ltd
  • PPG Industries, Inc.
  • Toray Industries, Inc.
  • Owens Corning
  • Hexcel Corporation
  • DuPont
  • Momentive Performance Materials, Inc.
  • Jushi Group Co., Ltd.
  • Compagnie de Saint-Gobain S.A
  • Weyerhaeuser Company
  • Cytec Industries

Segments Covered in the Report

By Product Type

  • Glass Fiber
  • Carbon Fiber
  • Others

By Resin Type

  • Thermoplastic
  • Thermosetting
  • Others

By Manufacturing Process Type

  • Injection Molding Process
  • Resin Transfer Molding Process
  • Pultrusion Process
  • Layup Process
  • Filament Winding Process
  • Compression Molding Process
  • Others

By End Use Type

  • Electrical & Electronics
  • Automotive & Transportation
  • Wind Energy
  • Aerospace & Defense
  • Pipes & Tanks
  • Construction & Infrastructure
  • Marine
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Latin America

Why should you invest in this report?

If you are aiming to enter the global Composites market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Composites are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Composites Market, By Product

7.1. Composites Market, by Product Type, 2020-2027
7.1.1. Glass Fiber
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Carbon Fiber
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Others
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Composites Market, By Resin

8.1. Composites Market, by Resin, 2020-2027
8.1.1. Thermoplastic
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Thermosetting
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Composites Market, By Manufacturing Process

9.1. Composites Market, by Manufacturing Process , 2020-2027
9.1.1. Injection Molding Process
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Resin Transfer Molding Process
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Pultrusion Process
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Layup Process
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Filament Winding Process
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.6. Compression Molding Process
9.1.6.1. Market Revenue and Forecast (2016-2027)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Composites Market, By End use

10.1. Composites Market, by End use, 2020-2027
10.1.1. Electrical & Electronics
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Automotive & Transportation
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Wind Energy
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Aerospace & Defense
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Pipes & Tanks
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Construction & Infrastructure
10.1.6.1. Market Revenue and Forecast (2016-2027)
10.1.7. Marine
10.1.7.1. Market Revenue and Forecast (2016-2027)
10.1.8. Others
10.1.8.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Composites Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.2. Market Revenue and Forecast, by Resin (2016-2027)
11.1.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.1.4. Market Revenue and Forecast, by End use (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Resin (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End use (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.2. Market Revenue and Forecast, by Resin (2016-2027)
11.2.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.2.4. Market Revenue and Forecast, by End use (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Resin (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End use (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Resin (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End use (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Resin (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End use (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.2. Market Revenue and Forecast, by Resin (2016-2027)
11.3.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.3.4. Market Revenue and Forecast, by End use (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Resin (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End use (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Resin (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End use (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Resin (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End use (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.2. Market Revenue and Forecast, by Resin (2016-2027)
11.4.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.4.4. Market Revenue and Forecast, by End use (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Resin (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End use (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Resin (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End use (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Resin (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End use (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Resin (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End use (2016-2027)

Chapter 12. Company Profiles

12.1. Huntsman Corporation LLC
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. SGL Group
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Teijin Ltd
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. PPG Industries, Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Toray Industries, Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Owens Corning
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Hexcel Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. DuPont
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Momentive Performance Materials, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Jushi Group Co., Ltd.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Compagnie de Saint-Gobain S.A
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Weyerhaeuser Company
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Cytec Industries
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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