Abstract
Summary
The global composites market size is projected to grow from 108.8 USD billion in 2023 and is estimated to reach 181.7 USD billion by 2028., at a CAGR of 10.8% between 2023 and 2028. Composite materials are transforming numerous industries by integrating different materials to form an enhanced composite. These materials provide exceptional versatility, allowing customization of characteristics such as durability, rigidity, electrical conductivity, and heat tolerance through careful selection and combination of components. Often presenting a substantial reduction in weight compared to traditional metals or materials, composites are perfectly suited for use in sectors like aerospace, transportation, and sports equipment.
“Carbon fiber composites are the fastest-growing fiber type of composites market in terms of value.”
Carbon fiber composites are projected to register the highest CAGR in terms of value between 2023 and 2028.Carbon fiber is renowned for its exceptional strength and lightweight properties, making it a superior. carbon fiber finds extensive application in industries such as aerospace, automotive, sports equipment, and construction due to its ability to enhance the performance and efficiency of products. In the aerospace industry, for instance, the use of carbon fiber composites contributes to significant weight savings, leading to improved fuel efficiency and reduced emissions.
“Thermoplastic composites is the fastest-growing resin type of composites, in terms of value.”
Thermoplastic composites have emerged as the most rapidly expanding category of resin types. In recent times, there has been a notable surge in the utilization of thermoplastic resins within the realm of fiber-reinforced composites. This type of resin, when combined with continuous fiber, yields structural composite products. A key benefit of employing thermoplastic resin as a matrix substance is its ability to be remolded and reused, distinguishing it from thermoset resin. As a result, composites made from thermoplastic resin are easily recyclable, leading to a significant rise in their adoption over the past decade.
“Resin Transfer Molding (RTM) manufacturing process is the second fastest-growing manufacturing process of composites, in terms of value.”
RTM utilizes a rigid, yet flexible, counter mold to enhance surface compression during the vacuum-assisted resin transfer process. This method leads to superior strength-to-weight ratios, increased laminate compaction, and elevated glass-to-resin ratios. It is primarily used for molding large, complexly shaped parts with a high-quality finish. Such components are typically found in automotive, construction, infrastructure, and aerospace sectors. The RTM technique is anticipated to see significant growth over the next five years, particularly due to its expanding use in the automotive and construction sectors within emerging markets.
“Wind energy is the second fastest-growing end-use industry of composites, in terms of value.”
The wind energy sector is forecasted to experience the second-highest compound annual growth rate (CAGR) over the next five years. Composite materials, known for their remarkable tensile strength, play a crucial role in constructing wind turbines, facilitating the production of large blades and increased energy output. Approximately 70–75% of the weight of wind blades consists of fiber reinforcement, typically combined with epoxy or unsaturated polymer resins. Fiberglass, renowned for its robust tensile strength, aids manufacturers in achieving larger blades and maximizing energy production. Moreover, fiberglass enhances the wind energy industry's resilience by enabling turbines to operate effectively in harsh environments, thanks to its corrosion-resistant properties.
“Asia Pacific is the fastest-growing composites market.”
The Asia Pacific region is forecasted to experience the highest compound annual growth rate (CAGR) in the composites sector in terms of value over the upcoming five years. This region holds significant potential for growth in the electrical and electronics industry. The continuous expansion of technologically advanced electronic devices has generated a substantial need for lightweight and strong electronic products. This escalating demand for cutting-edge electronic products across diverse applications has spurred innovations and advancements in the composites industry within Asia Pacific.
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- 30%, and Executives- 20%
• By Region - North America- 15%, Europe- 50%, Asia Pacific- 20%, Middle East & Africa (MEA)-10%, Latin America-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 S.A. (Belgium)
Research Coverage
This report covers the global composites market and forecasts the market size until 2028. 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 & Pressure vessels, Electrical & Electronics, and Others) and Region (Europe, North America, Asia Pacific, South America, and Middle East & Africa). 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 the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall composites market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers ( Increasing demand from aerospace applications
• Extensive use of composites in construction & infrastructure industry, Growing demand from satellite parts manufacturing, Stringent eco-friendly regulations to drive adoption of composites in automotive applications, Increasing use of ATF and AFP technologies for manufacturing aircraft primary structures, Increasing focus on lightweight and high-performance materials), restraints (High processing and manufacturing costs, Lack of standardization in manufacturing technologies
• Limitations in use of carbon fiber composites in high-temperature aerospace applications), opportunities ( High demand for environmentally friendly electric vehicles, Growing adoption of natural fiber composites, Growing penetration of natural fiber composites and carbon fiber composites in emerging applications, Reduction of carbon fiber composite costs, Increasing use of carbon fiber composites in 3D printing, Increasing number of wind energy capacity installations
• Development of advanced software tools for prepreg product development, High demand for carbon fiber composite in CNG and hydrogen storage.,) and challenges (Developing low-cost technologies,Issues related to recycling) influencing the growth of the composite market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the composite market
• Market Development: Comprehensive information about lucrative markets – the report analyses the composite market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the composite market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like 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 S.A. (Belgium) among others in the composite market.
Table of Contents
1 INTRODUCTION 56
1.1 STUDY OBJECTIVES 56
1.2 MARKET DEFINITION 56
1.3 INCLUSIONS & EXCLUSIONS 57
1.4 MARKET SCOPE 58
1.4.1 REGIONS COVERED 58
1.4.2 YEARS CONSIDERED 59
1.5 CURRENCY CONSIDERED 59
1.6 UNITS CONSIDERED 59
1.7 LIMITATIONS 59
1.8 STAKEHOLDERS 60
1.9 SUMMARY OF CHANGES 60
2 RESEARCH METHODOLOGY 61
2.1 RESEARCH DATA 61
2.1.1 SECONDARY DATA 63
2.1.2 PRIMARY DATA 63
- 2.1.2.1 Key primary participants 63
- 2.1.2.2 Breakdown of interviews with experts 63
- 2.1.2.3 Key industry insights 64
2.2 IMPACT OF RECESSION 64
2.3 MARKET SIZE ESTIMATION 65
2.3.1 BOTTOM-UP APPROACH 65
2.3.2 TOP-DOWN APPROACH 65
2.4 BASE NUMBER CALCULATION 66
2.4.1 APPROACH 1: SUPPLY-SIDE ANALYSIS 66
2.4.2 APPROACH 2: DEMAND-SIDE ANALYSIS 67
2.5 MARKET FORECAST APPROACH 67
2.5.1 SUPPLY SIDE 67
2.5.2 DEMAND SIDE 68
2.6 DATA TRIANGULATION 68
2.7 FACTOR ANALYSIS 69
2.8 RESEARCH ASSUMPTIONS 70
2.9 RESEARCH LIMITATIONS 70
3 EXECUTIVE SUMMARY 71
4 PREMIUM INSIGHTS 75
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COMPOSITES MARKET 75
4.2 COMPOSITES MARKET, BY FIBER TYPE 75
4.3 COMPOSITES MARKET, BY RESIN TYPE 76
4.4 COMPOSITES MARKET, BY MANUFACTURING PROCESS 76
4.5 COMPOSITES MARKET, BY END-USE INDUSTRY 76
4.6 COMPOSITES MARKET, BY REGION 77
4.7 COMPOSITES MARKET, BY KEY COUNTRY 77
5 MARKET OVERVIEW 78
5.1 INTRODUCTION 78
5.2 MARKET DYNAMICS 78
5.2.1 DRIVERS 79
- 5.2.1.1 Increasing demand for composites in aerospace industry 79
- 5.2.1.2 Extensive use of fiberglass composites in construction & infrastructure industry 80
- 5.2.1.3 Wide deployment of carbon fiber in satellite components 80
- 5.2.1.4 Rising demand for fiberglass in automotive applications 81
- 5.2.1.5 Increasing use of ATF and AFP technologies in primary aircraft structures 81
- 5.2.1.6 Rising focus on lightweight and high-performance materials 81
5.2.2 RESTRAINTS 82
- 5.2.2.1 High processing and manufacturing costs 82
- 5.2.2.2 Lack of standardization in manufacturing technologies 82
- 5.2.2.3 Limited application of carbon fiber composites in high-temperature aerospace applications 82
5.2.3 OPPORTUNITIES 82
- 5.2.3.1 High demand for electric vehicles 82
- 5.2.3.2 Rising adoption of natural composites 83
- 5.2.3.3 Pressing need for natural and carbon fiber composites in emerging applications 83
- 5.2.3.4 Reduction in cost of carbon fiber composites 83
- 5.2.3.5 Increasing use of carbon fiber composites in 3D printing 84
- 5.2.3.6 Increasing number of wind energy capacity installations 84
- 5.2.3.7 Development of advanced software tools for prepreg product development 85
- 5.2.3.8 High demand for carbon fiber composites in CNG and hydrogen storage 85
5.2.4 CHALLENGES 85
- 5.2.4.1 Developing low-cost technologies 85
- 5.2.4.2 Obstacles in recycling composites 85
5.3 PORTER'S FIVE FORCES ANALYSIS 86
5.3.1 THREAT OF NEW ENTRANTS 86
5.3.2 THREAT OF SUBSTITUTES 87
5.3.3 BARGAINING POWER OF BUYERS 87
5.3.4 BARGAINING POWER OF SUPPLIERS 87
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 87
5.4 ECOSYSTEM MAP 88
5.5 PRICING ANALYSIS 89
5.5.1 AVERAGE SELLING PRICE, BY END-USE INDUSTRY (KEY PLAYERS) 90
5.5.2 AVERAGE SELLING PRICE, BY FIBER TYPE 90
5.5.3 AVERAGE SELLING PRICE, BY RESIN TYPE 91
5.5.4 AVERAGE SELLING PRICE, BY REGION 91
5.6 SUPPLY CHAIN ANALYSIS 92
5.7 VALUE CHAIN ANALYSIS 92
5.7.1 RAW MATERIALS 93
5.7.2 INTERMEDIATES 93
5.7.3 MOLDERS 94
5.7.4 OEM/ASSEMBLY 95
5.7.5 DISTRIBUTION CHANNEL 96
5.8 TRADE ANALYSIS 97
5.8.1 EXPORT SCENARIO FOR HS CODE 7019 97
5.8.2 IMPORT SCENARIO FOR HS CODE 7019 98
5.8.3 EXPORT SCENARIO FOR HS CODE 681511 99
5.8.4 IMPORT SCENARIO FOR HS CODE 681511 100
5.9 TECHNOLOGY ANALYSIS 100
5.9.1 KEY TECHNOLOGY ANALYSIS FOR GLASS FIBER COMPOSITES 102
5.9.2 KEY TECHNOLOGY ANALYSIS FOR CARBON FIBER COMPOSITES 102
5.9.3 COMPLEMENTARY TECHNOLOGY FOR LATEST MANUFACTURING PROCESS OF CARBON FIBERS 104
5.9.4 KEY TECHNOLOGY ANALYSIS FOR NATURAL FIBER COMPOSITES 104
5.9.5 KEY STAKEHOLDERS & BUYING CRITERIA 105
- 5.9.5.1 Key stakeholders in buying process 105
5.9.6 BUYING CRITERIA 105
5.10 PATENT ANALYSIS 106
5.10.1 INTRODUCTION 106
5.10.2 METHODOLOGY 106
5.10.3 DOCUMENT TYPES 106
5.10.4 INSIGHTS 108
5.10.5 LEGAL STATUS OF PATENTS 108
5.10.6 JURISDICTION ANALYSIS 108
5.10.7 TOP APPLICANT ANALYSIS 109
5.10.8 PATENTS BY BOEING 109
5.10.9 PATENTS BY UNIVERSITY OF TIAJIN 110
5.10.10 PATENTS BY STATE GRID CORP CHINA 111
5.10.11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS 112
5.11 TARIFFS AND REGULATIONS 112
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 112
5.11.2 STANDARDS IN COMPOSITES MARKET 115
5.12 KEY CONFERENCES & EVENTS IN 2023-2024 117
5.13 CASE STUDY ANALYSIS 119
5.14 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 119
5.15 COMPOSITES INVESTMENT LANDSCAPE 120
5.16 APPLICATION OF COMPOSITES 120
5.16.1 COMPOSITES IN ELECTRIC-POWERED AIRCRAFT 120
5.16.2 EMERGING NEED FOR COMPOSITES IN URBAN TAXIS 120
5.16.3 APPLICATION OF COMPOSITES IN SENSOR POSITION OPTIMIZATION 121
5.16.4 COMPOSITES FOR HYPERSONIC AIRCRAFT 121
6 COMPOSITES MARKET, BY MANUFACTURING PROCESS 122
6.1 INTRODUCTION 123
6.2 LAY-UP PROCESS 125
6.2.1 DEMAND FROM AEROSPACE & DEFENSE SECTOR TO DRIVE MARKET 125
6.2.2 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION 126
6.3 FILAMENT WINDING PROCESS 127
6.3.1 HIGH DEPLOYMENT IN MARINE AND CONSTRUCTION END-USE INDUSTRIES TO DRIVE MARKET 127
6.3.2 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION 128
6.4 INJECTION MOLDING PROCESS 129
6.4.1 LARGE PRODUCTION VOLUME AND LOW COSTS TO DRIVE MARKET 129
6.4.2 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION 130
6.5 PULTRUSION PROCESS 132
6.5.1 LOW-COST PRODUCTION METHOD TO BOOST MARKET 132
6.5.2 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION 132
6.6 COMPRESSION MOLDING PROCESS 134
6.6.1 LOW INVESTMENT AND MINIMAL MAINTENANCE TO DRIVE MARKET 134
6.6.2 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION 134
6.7 RESIN TRANSFER MOLDING (RTM) PROCESS 136
6.7.1 DEMAND FOR COMPLEX STRUCTURES FROM AUTOMOTIVE AND AEROSPACE INDUSTRY TO DRIVE MARKET 136
6.7.2 RTM PROCESS: COMPOSITES MARKET, BY REGION 136
6.8 OTHER MANUFACTURING PROCESSES 138
6.8.1 OTHER MANUFACTURING PROCESSES: COMPOSITES MARKET, BY REGION 138
7 COMPOSITES MARKET, BY FIBER TYPE 140
7.1 INTRODUCTION 141
7.2 GLASS FIBER COMPOSITES 143
7.2.1 GLASS FIBER: COMPOSITES MARKET, BY REGION 143
7.3 CARBON FIBER COMPOSITES 145
7.3.1 CARBON FIBER: COMPOSITES MARKET, BY REGION 146
7.4 NATURAL FIBER COMPOSITES 147
7.4.1 NATURAL FIBER COMPOSITES MARKET, BY REGION 148
7.5 OTHER FIBER TYPES 149
7.5.1 BASALT FIBER COMPOSITES 149
7.5.2 ARAMID FIBER COMPOSITES 150
7.5.3 BORON FIBER COMPOSITES 150
7.5.4 HYBRID FIBER COMPOSITES 150
7.5.5 ULTRA-HIGH-MOLECULAR-WEIGHT POLYETHYLENE (UHMWPE) FIBER COMPOSITES 150
7.5.6 OTHER FIBER TYPES: COMPOSITES MARKET, BY REGION 150
8 COMPOSITES MARKET, BY RESIN TYPE 152
8.1 INTRODUCTION 153
8.2 THERMOSET COMPOSITES 155
8.2.1 INCREASING DEMAND FROM END-USE INDUSTRIES IN ASIA PACIFIC TO DRIVE MARKET 155
8.2.2 EPOXY RESIN 155
8.2.3 POLYESTER RESIN 155
8.2.4 VINYL ESTER RESIN 156
8.2.5 POLYURETHANE RESIN 156
8.2.6 OTHER THERMOSET COMPOSITES 156
8.2.7 THERMOSET COMPOSITES MARKET, BY REGION 157
8.3 THERMOPLASTIC COMPOSITES 158
8.3.1 INCREASING DEMAND FROM AEROSPACE & TRANSPORTATION INDUSTRIES TO DRIVE MARKET 158
8.3.2 POLYCARBONATES 158
8.3.3 POLYPROPYLENE 159
8.3.4 POLYPHENYLENE SULFIDE 159
8.3.5 POLYETHERIMIDE 159
8.3.6 POLYETHERETHERKETONE 159
8.3.7 POLYAMIDE 159
8.3.8 OTHER THERMOPLASTIC COMPOSITES 160
8.3.9 THERMOPLASTIC COMPOSITES MARKET, BY REGION 160
9 COMPOSITES MARKET, BY END-USE INDUSTRY 163
9.1 INTRODUCTION 164
9.2 AEROSPACE & DEFENSE 167
9.2.1 INCREASING DEMAND FOR CARBON COMPOSITES IN AIRFRAME STRUCTURES TO DRIVE MARKET 167
9.2.2 CIVIL 167
9.2.3 DEFENSE 167
9.2.4 AEROSPACE & DEFENSE: COMPOSITES MARKET, BY REGION 169
9.3 WIND ENERGY 171
9.3.1 PRESSING NEED FOR FIBER GLASS IN WIND TURBINES TO DRIVE MARKET 171
9.3.2 WIND ENERGY: COMPOSITES MARKET, BY REGION 171
9.4 AUTOMOTIVE & TRANSPORTATION 173
9.4.1 INCREASING DEMAND FROM AUTOMOTIVE SECTOR TO BOOST MARKET 173
9.4.2 AUTOMOTIVE 174
9.4.3 RECREATIONAL VEHICLES 174
9.4.4 BUS, TRUCKS, AND OTHER HEAVY VEHICLES 174
9.4.5 METROS AND MONORAILS 174
9.4.6 PASSENGER RAILS 174
9.4.7 HIGH-SPEED AND BULLET TRAINS 174
9.4.8 AUTOMOTIVE & TRANSPORTATION: COMPOSITES MARKET, BY REGION 175
9.5 CONSTRUCTION & INFRASTRUCTURE 176
9.5.1 WIDE USE OF COMPOSITES IN CONCRETE STRUCTURES TO BOOST MARKET 176
9.5.2 CONSTRUCTION & INFRASTRUCTURE: COMPOSITES MARKET, BY REGION 177
9.6 PIPES 178
9.6.1 INCREASING DEMAND FROM OIL & GAS INDUSTRY TO BOOST MARKET 178
9.6.2 PIPES: COMPOSITES MARKET, BY REGION 179
9.7 MARINE 181
9.7.1 INCREASING USE OF COMPOSITES IN YACHTS AND CATAMARANS TO BOOST MARKET 181
9.7.2 POWERBOAT 181
9.7.3 SAILBOAT 181
9.7.4 CRUISE SHIP 181
9.7.5 OTHERS 181
9.7.6 MARINE: COMPOSITES MARKET, BY REGION 182
9.8 TANKS & PRESSURE VESSELS 184
9.8.1 WIDE DEPLOYMENT OF COMPOSITE VESSELS IN WATER DISTRIBUTION NETWORKS TO DRIVE MARKET 184
9.8.2 TANKS & PRESSURE VESSELS: COMPOSITES MARKET, BY REGION 184
9.9 ELECTRICAL & ELECTRONICS 186
9.9.1 APPLICATION OF COMPOSITES IN PRINTED CIRCUIT BOARDS AND COMPUTER TERMINAL HOUSINGS TO DRIVE MARKET 186
9.9.2 ELECTRICAL & ELECTRONICS: COMPOSITES MARKET, BY REGION 187
9.10 OTHER END-USE INDUSTRIES 188
9.10.1 INDUSTRIAL 188
9.10.2 HEALTHCARE 188
9.10.3 SPORTING GOODS 188
9.10.4 OTHER END-USE INDUSTRIES: COMPOSITES MARKET, BY REGION 189
10 COMPOSITES MARKET, BY REGION 191
10.1 INTRODUCTION 192
10.2 NORTH AMERICA 194
10.2.1 RECESSION IMPACT 194
10.2.2 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE 195
10.2.3 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 197
10.2.4 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE 199
10.2.5 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY 200
10.2.6 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY 202
- 10.2.6.1 US 203
- 10.2.6.1.1 Rising demand for commercial & next-generation aircraft to boost market 203
- 10.2.6.2 Canada 205
- 10.2.6.2.1 Demand from aerospace industry to drive market 205
- 10.2.6.1 US 203
10.3 EUROPE 208
10.3.1 RECESSION IMPACT 208
10.3.2 EUROPE: COMPOSITES MARKET, BY FIBER TYPE 209
10.3.3 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS 211
10.3.4 EUROPE: COMPOSITES MARKET, BY RESIN TYPE 212
10.3.5 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY 213
10.3.6 EUROPE: COMPOSITES MARKET, BY COUNTRY 215
- 10.3.6.1 Germany 217
- 10.3.6.1.1 Increasing demand for pressure vessels to drive market 217
- 10.3.6.2 France 219
- 10.3.6.2.1 Growth of transportation industry to fuel market 219
- 10.3.6.3 UK 221
- 10.3.6.3.1 Demand from automotive industry to drive market 221
- 10.3.6.4 Italy 223
- 10.3.6.4.1 Rising demand of composites in aircraft designs to drive market 223
- 10.3.6.5 Spain 225
- 10.3.6.5.1 Growth of automotive industry to drive market 225
- 10.3.6.6 Russia 227
- 10.3.6.6.1 Increase in nuclear power plants to drive market 227
- 10.3.6.7 Rest of Europe 229
- 10.3.6.1 Germany 217
10.4 ASIA PACIFIC 231
10.4.1 RECESSION IMPACT 231
10.4.2 ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE 232
10.4.3 ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS 234
10.4.4 ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE 236
10.4.5 ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY 237
10.4.6 ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY 239
- 10.4.6.1 China 240
- 10.4.6.1.1 Presence of large-scale manufacturing facilities to increase demand for composites 240
- 10.4.6.2 Japan 243
- 10.4.6.2.1 Increasing demand from automotive and transportation industry to drive market 243
- 10.4.6.3 India 246
- 10.4.6.3.1 Inexpensive labor and availability of raw materials to drive market 246
- 10.4.6.4 South Korea 248
- 10.4.6.4.1 Rising demand for composites in wind energy and automotive industry to drive market 248
- 10.4.6.5 Rest of Asia Pacific 250
- 10.4.6.1 China 240
10.5 LATIN AMERICA 253
10.5.1 RECESSION IMPACT 253
10.5.2 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE 254
10.5.3 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 255
10.5.4 LATIN AMERICA: COMPOSITES MARKET, BY RESIN TYPE 257
10.5.5 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY 258
10.5.6 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY 260
- 10.5.6.1 Brazil 262
- 10.5.6.1.1 Growing electricity demand to drive market 262
- 10.5.6.2 Mexico 264
- 10.5.6.2.1 Growing demand for pressure vessels to boost market 264
- 10.5.6.3 Rest of Latin America 266
- 10.5.6.1 Brazil 262
10.6 MIDDLE EAST & AFRICA 268
10.6.1 RECESSION IMPACT 268
10.6.2 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE 269
10.6.3 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 270
10.6.4 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE 272
10.6.5 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY 273
10.6.6 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY 275
- 10.6.6.1 GCC Countries 276
- 10.6.6.2 Saudi Arabia 276
- 10.6.6.2.1 Increasing demand from tanks & pressure vessels industry to drive market 276
- 10.6.6.3 UAE 279
- 10.6.6.3.1 Rise in infrastructure and building projects to drive market 279
- 10.6.6.4 Rest of GCC countries 281
- 10.6.6.5 South Africa 283
- 10.6.6.5.1 Growth of construction industry to drive market 283
- 10.6.6.6 Rest of Middle East & Africa 285
11 COMPETITIVE LANDSCAPE 287
11.1 INTRODUCTION 287
11.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 287
11.3 MARKET SHARE ANALYSIS 289
11.3.1 MARKET SHARE ANALYSIS FOR MAJOR CARBON FIBER COMPOSITE MANUFACTURERS 289
11.3.2 MARKET SHARE ANALYSIS FOR MAJOR GLASS FIBER COMPOSITE MANUFACTURERS 290
11.4 BRAND/PRODUCT COMPARATIVE ANALYSIS 291
11.4.1 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY COMPOSITE PRODUCTS 291
- 11.4.1.1 ShieldStrand S 292
- 11.4.1.2 Toray Cetex 292
- 11.4.1.3 CYFORM 292
- 11.4.1.4 Sereebo 292
- 11.4.1.5 SPRINT CBS 96 292
11.5 COMPANY EVALUATION MATRIX 292
11.5.1 STARS 292
11.5.2 EMERGING LEADERS 292
11.5.3 PERVASIVE PLAYERS 293
11.5.4 PARTICIPANTS 293
11.5.5 COMPANY FOOTPRINT 294
11.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 298
11.6.1 PROGRESSIVE COMPANIES 298
11.6.2 RESPONSIVE COMPANIES 299
11.6.3 DYNAMIC COMPANIES 299
11.6.4 STARTING BLOCKS 299
11.7 COMPETITIVE BENCHMARKING 300
11.8 VALUATION AND FINANCIAL METRICS OF COMPOSITES VENDORS 301
11.9 COMPETITIVE SCENARIO 302
12 COMPANY PROFILES 324
12.1 KEY COMPANIES 324
12.1.1 OWENS CORNING 324
12.1.2 TORAY INDUSTRIES, INC 332
12.1.3 MITSUBISHI CHEMICAL HOLDINGS CORPORATION 341
12.1.4 SOLVAY S.A 347
12.1.5 TEIJIN LIMITED 354
12.1.6 SGL CARBON SE 362
12.1.7 HEXCEL CORPORATION 368
12.1.8 NIPPON ELECTRIC GLASS CO., LTD 375
12.1.9 HUNTSMAN INTERNATIONAL LLC 381
12.1.10 GURIT HOLDING AG 386
12.1.11 WEYERHAEUSER COMPANY 391
12.1.12 CHINA JUSHI CO., LTD 393
12.1.13 AGY 402
12.1.14 TAISHAN FIBERGLASS INC. (CTG GROUP) 404
12.1.15 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC) 408
12.1.16 SAINT-GOBAIN 414
12.1.17 INEOS CAPITAL LIMITED 422
12.1.18 HEXION 426
12.1.19 ASAHI FIBER GLASS CO., LTD 429
12.1.20 HYOSUNG ADVANCED MATERIALS 431
12.1.21 ZHONGFU SHENYING CARBON FIBER CO., LTD 435
12.1.22 KUREHA CORPORATION 438
12.1.23 DOWAKSA 440
12.1.24 JILIN CHEMICAL FIBER GROUP CO., LTD 442
12.1.25 JIANGSU HENGSHEN CO., LTD 444
12.1.26 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF) 447
12.1.27 MAFIC 450
12.1.28 KAMENNY VEK 452
12.1.29 TECHNOBASALT INVEST 454
12.1.30 ISOMATEX 456
12.1.31 POLYVLIES FRANZ BEYER GMBH & CO. KG 458
12.1.32 TECNARO GMBH 460
12.1.33 PROCOTEX SA CORPORATION NV 462
12.1.34 FLEXFORM TECHNOLOGIES 464
12.1.35 JELU-WERK JOSEF EHRLER GMBH & CO. KG 465
12.1.36 MAGNA INTERNATIONAL INC 466
12.1.37 STRONGWELL CORPORATION (COMPOSITE PART MANUFACTURERS) 471
12.1.38 SPIRIT AEROSYSTEMS (COMPOSITE PART MANUFACTURERS) 477
12.1.39 EXEL COMPOSITES 483
12.2 OTHER KEY PLAYERS 488
12.2.1 BPREG COMPOSITES 488
12.2.2 BCOMP LTD 489
12.2.3 INFINITUM COMPOSITES SIA 490
12.2.4 FIBRAWORKS GMBH 490
12.2.5 ATOMIC-6 491
12.2.6 AEON-T 491
12.2.7 NOVA CARBON 492
12.2.8 ANTEFIL COMPOSITE TECH AG 492
12.2.9 MIDWEST COMPOSITES 493
12.2.10 RRTC, INC 493
13 APPENDIX 494
13.1 DISCUSSION GUIDE 494
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 496
13.3 CUSTOMIZATION OPTIONS 498
13.4 RELATED REPORTS 498
13.5 AUTHOR DETAILS 499