Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 117 Million | USD 230.01 Million | 7.8% | 2023 |
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Fiber Type
FIG NO. 2. Market Attractiveness Analysis, By Resin Type
FIG NO. 3. Market Attractiveness Analysis, By Manufacturing Process
FIG NO. 4. Market Attractiveness Analysis, By End-User Industry
FIG NO. 5. Market Attractiveness Analysis, By Region
FIG NO. 6. Global Composite Materials Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 7. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 8. Market Revenue Share, By Fiber Type, 2020 & 2028
FIG NO. 9. Global Composite Materials Market for Glass Fiber Composites, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Composite Materials Market for Glass Fiber Composites, By Country, 2020 & 2028
FIG NO. 11. Global Composite Materials Market for Carbon Fiber Composites, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Composite Materials Market for Carbon Fiber Composites, By Country, 2020 & 2028
FIG NO. 13. Global Composite Materials Market for Natural Fiber Composites, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Composite Materials Market for Natural Fiber Composites, By Country, 2020 & 2028
FIG NO. 15. Global Composite Materials Market for Other Fiber Composites, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Composite Materials Market for Other Fiber Composites, By Country, 2020 & 2028
FIG NO. 17. Market Revenue Share, By Resin Type, 2020 & 2028
FIG NO. 18. Global Composite Materials Market for Thermoset Composites, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Composite Materials Market for Thermoset Composites, By Country, 2020 & 2028
FIG NO. 20. Global Composite Materials Market for Thermoplastic Composites, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Composite Materials Market for Thermoplastic Composites, By Country, 2020 & 2028
FIG NO. 22. Market Revenue Share, By Manufacturing Process, 2020 & 2028
FIG NO. 23. Global Composite Materials Market for Layup Process, Revenue (USD Billion) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Composite Materials Market for Layup Process, By Country, 2020 & 2028
FIG NO. 25. Global Composite Materials Market for Filament Winding Process, Revenue (USD Billion) 2016 – 2028
FIG NO. 26. Comparative Revenue Analysis of Composite Materials Market for Filament Winding Process, By Country, 2020 & 2028
FIG NO. 27. Global Composite Materials Market for Injection Molding Process, Revenue (USD Billion) 2016 – 2028
FIG NO. 28. Comparative Revenue Analysis of Composite Materials Market for Injection Molding Process, By Country, 2020 & 2028
FIG NO. 29. Global Composite Materials Market for Pultrusion Process, Revenue (USD Billion) 2016 – 2028
FIG NO. 30. Comparative Revenue Analysis of Composite Materials Market for Pultrusion Process, By Country, 2020 & 2028
FIG NO. 31. Global Composite Materials Market for Compression Molding Process, Revenue (USD Billion) 2016 – 2028
FIG NO. 32. Comparative Revenue Analysis of Composite Materials Market for Compression Molding Process, By Country, 2020 & 2028
FIG NO. 33. Global Composite Materials Market for Resin Transfer Molding Process, Revenue (USD Billion) 2016 – 2028
FIG NO. 34. Comparative Revenue Analysis of Composite Materials Market for Resin Transfer Molding Process, By Country, 2020 & 2028
FIG NO. 35. Global Composite Materials Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 36. Comparative Revenue Analysis of Composite Materials Market for Others, By Country, 2020 & 2028
FIG NO. 37. Market Revenue Share, By End-User Industry, 2020 & 2028
FIG NO. 38. Global Composite Materials Market for Aerospace & Defense, Revenue (USD Billion) 2016 – 2028
FIG NO. 39. Comparative Revenue Analysis of Composite Materials Market for Aerospace & Defense, By Country, 2020 & 2028
FIG NO. 40. Global Composite Materials Market for Automotive & Transportation, Revenue (USD Billion) 2016 – 2028
FIG NO. 41. Comparative Revenue Analysis of Composite Materials Market for Automotive & Transportation, By Country, 2020 & 2028
FIG NO. 42. Global Composite Materials Market for Construction & Infrastructure, Revenue (USD Billion) 2016 – 2028
FIG NO. 43. Comparative Revenue Analysis of Composite Materials Market for Construction & Infrastructure, By Country, 2020 & 2028
FIG NO. 44. Global Composite Materials Market for Marine, Revenue (USD Billion) 2016 – 2028
FIG NO. 45. Comparative Revenue Analysis of Composite Materials Market for Marine, By Country, 2020 & 2028
FIG NO. 46. Global Composite Materials Market for Pipes & Tanks, Revenue (USD Billion) 2016 – 2028
FIG NO. 47. Comparative Revenue Analysis of Composite Materials Market for Pipes & Tanks, By Country, 2020 & 2028
FIG NO. 48. Global Composite Materials Market for Electrical & Electronics, Revenue (USD Billion) 2016 – 2028
FIG NO. 49. Comparative Revenue Analysis of Composite Materials Market for Electrical & Electronics, By Country, 2020 & 2028
FIG NO. 50. Global Composite Materials Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 51. Comparative Revenue Analysis of Composite Materials Market for Others, By Country, 2020 & 2028
FIG NO. 52. Global Composite Materials Market Revenue Share, By Region, 2020 & 2028
FIG NO. 53. North America Composite Materials Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 54. Porter’s Five Forces Analysis for Global Composite Materials Market
FIG NO. 55. PEST Analysis for Global Composite Materials Market
FIG NO. 56. Value Chain Analysis for Global Composite Materials Market
FIG NO. 57. Company Share Analysis, 2020
FIG NO. 58. Company Strategic Developments – Heat Map Analysis
FIG NO. 59. 3M Business Segment Revenue Share, 2020 (%)
FIG NO. 60. 3M Geographical Segment Revenue Share, 2020 (%)
FIG NO. 61. Market Channels
FIG NO. 62. Marketing Channel Development Trend
FIG NO. 63. Growth in World Gross Product, 2008-2018
FIG NO. 64. Research Methodology – Detailed View
FIG NO. 65. Research Methodology
List of Tables
TABLE NO. 1. Global Composite Materials Market: Snapshot
TABLE NO. 2. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 3. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 4. Global Composite Materials Market for Glass Fiber Composites, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 5. Global Composite Materials Market for Carbon Fiber Composites, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 6. Global Composite Materials Market for Natural Fiber Composites, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Composite Materials Market for Other Fiber Composites, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Composite Materials Market for Thermoset Composites, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Composite Materials Market for Thermoplastic Composites, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Composite Materials Market for Layup Process, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Composite Materials Market for Filament Winding Process, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Composite Materials Market for Injection Molding Process, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Composite Materials Market for Pultrusion Process, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Composite Materials Market for Compression Molding Process, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Composite Materials Market for Resin Transfer Molding Process, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Composite Materials Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. Global Composite Materials Market for Aerospace & Defense, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 18. Global Composite Materials Market for Automotive & Transportation, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 19. Global Composite Materials Market for Construction & Infrastructure, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 20. Global Composite Materials Market for Marine, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 21. Global Composite Materials Market for Pipes & Tanks, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 22. Global Composite Materials Market for Electrical & Electronics, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 23. Global Composite Materials Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 24. Global Composite Materials Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 25. North America Composite Materials Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 26. North America Composite Materials Market Revenue, By Fiber Type, 2016 – 2028 (USD Billion)
TABLE NO. 27. North America Composite Materials Market Revenue, By Resin Type, 2016 – 2028 (USD Billion)
TABLE NO. 28. North America Composite Materials Market Revenue, By Manufacturing Process, 2016 – 2028 (USD Billion)
TABLE NO. 29. North America Composite Materials Market Revenue, By End-User Industry, 2016 – 2028 (USD Billion)
TABLE NO. 30. U.S. Composite Materials Market Revenue, By Fiber Type, 2016 – 2028 (USD Billion)
TABLE NO. 31. U.S. Composite Materials Market Revenue, By Resin Type, 2016 – 2028 (USD Billion)
TABLE NO. 32. U.S. Composite Materials Market Revenue, By Manufacturing Process, 2016 – 2028 (USD Billion)
TABLE NO. 33. U.S. Composite Materials Market Revenue, By End-User Industry, 2016 – 2028 (USD Billion)
TABLE NO. 34. Canada Composite Materials Market Revenue, By Fiber Type, 2016 – 2028 (USD Billion)
TABLE NO. 35. Canada Composite Materials Market Revenue, By Resin Type, 2016 – 2028 (USD Billion)
TABLE NO. 36. Canada Composite Materials Market Revenue, By Manufacturing Process, 2016 – 2028 (USD Billion)
TABLE NO. 37. Canada Composite Materials Market Revenue, By End-User Industry, 2016 – 2028 (USD Billion)
TABLE NO. 38. Mexico Composite Materials Market Revenue, By Fiber Type, 2016 – 2028 (USD Billion)
TABLE NO. 39. Mexico Composite Materials Market Revenue, By Resin Type, 2016 – 2028 (USD Billion)
TABLE NO. 40. Mexico Composite Materials Market Revenue, By Manufacturing Process, 2016 – 2028 (USD Billion)
TABLE NO. 41. Mexico Composite Materials Market Revenue, By End-User Industry, 2016 – 2028 (USD Billion)
TABLE NO. 42. Drivers for the Composite Materials Market: Impact Analysis
TABLE NO. 43. Restraints for the Composite Materials Market: Impact Analysis
TABLE NO. 44. Major Buyers of Composite Materials
TABLE NO. 45. Distributors/Traders List of Composite Materials
FrequentlyAsked Questions
The global composite materials market at USD 117 Million in 2023.
The global composite materials market is expected to reach USD 230.01 Million by 2028, growing at a CAGR of 7.8% between 2024 to 2032.
Some of the key factors driving the global composite materials market are due rising demand for carbon fibers among the end-user application, especially in the aerospace & defense applications. In the past few years the automotive segment has become progressively obsessive with consumption of carbon fiber. The rising use of carbon fiber in the automotive sector is due to the factors related to the reduction of carbon footprint, e-mobility and lightweight construction.
North America is expected to grow at a CAGR of over 7% in 2024-2032. The surge is due to the robust growth of electrical and electronics, aerospace and defense and automotive industries. U.S. is the manufacturer of large passenger aircraft, commercial aircraft, defense aircraft and cargo jets which is estimated to fuel the market growth in the estimate period. The aerospace and defense industry is vital to the composite market.
Some of the key players of composite materials market are 3M, Dupont, Dit B.V., Composites Universal Group, Cabot Corporation, Mitsubishi Chemical Corporation, Owens Corning, Teijin Limited, Toray Industries Incorporation and SGL Group among others. Market players are Indulge in various initiatives like research and development, technology innovations, merger & acquisitions and partnerships to manufacture lightweight and cost-effective composite products.
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