According to the recent study the composites market is projected to reach an estimated $70 billion by 2030 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for lightweight materials in the aerospace & defense, and automotive industries; corrosion- and- chemical-resistant materials’ demand in the construction, and pipe & tank industries; electrical resistivity and high flame retardant materials’ demand in the electrical and electronics industry.
Browse 240 figures/charts
and 55 tables in this 402-page report to understand trends, opportunities and
forecast in composites market by end use industry (transportation, marine, wind
energy, aerospace, pipe & tank, construction, electrical & electronics,
consumer goods, and others), manufacturing process (hand lay-up, spray up,
resin infusion, filament winding, pultrusion, injection molding, compression
molding, prepreg lay-up, and others), molding compound (SMC, BMC, and
thermoplastic compounds), resin type (polyester, epoxy, vinyl ester, phenolic,
and thermoplastic), fiber type (glass fiber composites, carbon fiber
composites, and aramid fiber composites), fiberglass type (single end roving,
multi end roving, chopped strand, woven roving, fabrics, chopped strand mat,
continuous filament mat, and others), carbon fiber type (PAN based carbon fiber
and pitched based carbon fiber), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel forecasts
construction will remain the largest end use by value and volume due to
increasing residential and commercial construction and growth in remolding
activities. Aerospace is expected to witness highest growth over the forecast
period.
Transportation will
remain the largest end use market over the forecast period due to the
increasing production and use of lightweight materials in transportation
market. Aerospace is expected to witness the highest growth over the forecast
period.
Download sample by clicking on composites market.
Asia Pacific is expected
to remain the largest region by value and volume, and it is also expected to
experience the highest growth over the forecast period because of growth in
construction, transportation, and the electrical and electronics segments. The
major drivers for growth are increasing automotive production, high growth in
construction, and infrastructure development.
Owens Corning, Jushi
Group, Nippon Electric Glass Co Ltd., CPIC, Toray Industries, Hexcel
Composites, Mitsubishi Rayon, Gurit, Polynt Reichhold are the major supplier in
the composites market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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