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Composites Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Fiber Type (Carbon Fiber Composites, Glass Fiber Composites, and Others), Resin Type [Thermoset (Polyester, Vinyl Ester, Epoxy, Polyurethane, and Others) and Thermoplastic (Polypropylene, Polyethylene, Polyvinylchloride, Polystyrene, Polyethylene Terephthalate, Polycarbonate, and Others)], and End-Use Industry (Automotive, Aerospace & Defense, Wind, Construction, Marine, Sporting Goods, and Others)
- Report Code : TIPRE00005319
- Pages : 160
The composites market size is expected to grow from US$ 88,710.42 million in 2022 to US$ 124,185.35 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2022 to 2028.
Composite materials are the combination of two materials with different physical and chemical properties. The two components of a composite include a reinforcement and a matrix. The matrix binds the reinforcement together to merge the benefits of both original components. Composites continue to replace traditional materials such as steel and aluminum. Composites are improving the design process and end products across various industries, including aerospace, renewable energy, automotive, and many others. The fiber-reinforced composites such as carbon fiber and fiberglass are opening up new design opportunities for engineers. The global composites market is mainly driven by the increasing demand for lightweight materials from the automotive & aerospace industry. Moreover, the market growth is fueled by a rise in the utilization of glass-fiber composites in various end-use industries. The higher utilization rate of glass fibers in end-use industries such as wind energy, construction, sporting goods, and marine has broadened the scope of glass fiber composites. Wind energy is one of the fastest-growing sectors across the globe and will expand rapidly in the coming years. Wind energy capacity is increasing with the rise in renewable energy infrastructure. Further, the increasing use of composites in the wind energy sector is expected to offer lucrative opportunities for the composites market growth during the forecast period.
Based on resin type, the global composites market is bifurcated into thermoset and thermoplastic. The thermoset segment registered a larger share of the composites market in 2022. Thermoset resins are utilized in the production of most composites due to the convenience of impregnation of reinforcing fibers such as fiberglass or carbon fiber, as thermoset resins remain in the liquid state at uncured and room temperature. Thermoset resins are cured using a catalyst, heat, or a combination of the two for manufacturing finished goods. The cured thermoset resins are the irreversible structure of cross-linked molecules, resulting in high thermal stability, rigid structure, and high friction resistance. Polyester, epoxy, vinyl ester, and polyurethane are common thermosets utilized for composite production.
In 2022, Asia Pacific held the largest revenue share of the global composites market. Various advantages of using composites over other alternatives are driving the composites market growth in the region. Moreover, the rising construction, wind power, electronics, and automotive industries are expected to create favorable business opportunities for the composites market growth during the forecast period. China registered 33% of global premium car production in 2021. The demand for battery electric vehicles is increasing in Asia Pacific. As per the International Organization of Motor Vehicle Manufacturers report, in 2021, the countries in Asia Pacific produced ~46.73 million units of motor vehicles. According to the report by International Energy Agency, China registered 70% of the world’s wind generation growth in 2021. Moreover, the 14th Five-Year Plan published by China in June 2022, accounted for a target of 33% of electricity generation from renewables by 2025, including an 18% target for wind and solar technologies. Japan has the third-largest automotive industry in the world, and is a hub for more than 10 major automotive manufacturers, including Honda Motor Co Ltd, Suzuki Motor Corporation, Toyota Motor Corporation, and Mitsubishi Motors Corporation. Moreover, many foreign and domestic investors are investing in the residential construction sector of Japan. All these factors drive the demand for composites in Asia Pacific.
The key players operating in the global composites market include DuPont de Nemours Inc, Gurit Holding AG, Hexion Inc, Mitsubishi Chemical Holdings Corp, Nippon Electric Glass Co Ltd, Owens Corning, SGL Carbon SE, Teijin Ltd, Solvay SA, and Toray Industries Inc. Players operating in the global composites market focus on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and new product launches.
The overall global composites market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the composites market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Composites Market, by Fiber Type
1.3.2 Composites Market, by Resin Type
1.3.3 Composites Market, by End Use Industry
1.3.4 Composites Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Composites Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors
4.3.5 End-User
4.4 Expert Opinions
5. Composites Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Lightweight Materials from Automotive & Aerospace Industry
5.1.2 Rising Utilization of Glass-fiber Composites in End-use Industries
5.2 Market Restraints
5.2.1 Challenges in Recycling of Thermoset Composites
5.3 Market Opportunities
5.3.1 Applications of Composites in Wind Energy Sector
5.4 Future Trends
5.4.1 Development of Composites from Biobased Matrices
5.5 Impact Analysis
6. Composites – Global Market Analysis
6.1 Composites Market Overview
6.2 Composites Market –Volume and Forecast to 2028 (Kilo Tons)
6.3 Composites Market –Revenue and Forecast to 2028 (US$ Million)
6.4 Competitive Positioning – Key Market Players
7. Global Composites Market Analysis – By Fiber Type
7.1 Overview
7.2 Composites Market, By Fiber Type (2021 and 2028)
7.3 Carbon Fiber Composites
7.3.1 Overview
7.3.2 Carbon Fiber Composites: Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Carbon Fiber Composites: Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.4 Glass Fiber Composites
7.4.1 Overview
7.4.2 Glass Fiber Composites: Composites Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Glass Fiber Composites: Composites Market – Volume and Forecast to 2028 (Kilo Tons)
7.5 Others
7.5.1 Overview
7.5.2 Others: Natural Surfactants Market – Volume and Forecast to 2028 (Tons)
7.5.3 Others: Natural Surfactants Market – Revenue and Forecast to 2028 (US$ Mn)
8. Composites Market Analysis – Resin Type
8.1 Overview
8.2 Composites Market, By Resin Type (2021 and 2028)
8.3 Thermoset
8.3.1 Overview
8.3.2 Thermoset: Composites Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Thermoplastic
8.4.1 Overview
8.4.2 Thermoplastic: Composites Market – Revenue and Forecast to 2028 (US$ Million)
9. Composites Market Analysis – End Use Industry
9.1 Overview
9.2 Composites Market, By End Use Industry(2021 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Aerospace and Defense
9.4.1 Overview
9.4.2 Aerospace and Defense: Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Wind
9.5.1 Overview
9.5.2 Wind: Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Construction
9.6.1 Overview
9.6.2 Construction: Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Marine
9.7.1 Overview
9.7.2 Marine: Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Sporting Goods
9.8.1 Overview
9.8.2 Sporting Goods: Composites Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: Composites Market – Revenue and Forecast to 2028 (US$ Million)
10. Composites Market – Geographic Analysis
10.1 Overview
10.2 North America: Composites Market
10.2.1 North America: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Composites Market –Volume and Forecast to 2028 (Tons)
10.2.3 North America: Composites Market, by Fiber Type
10.2.4 North America: Composites Market, by Resin Type
10.2.5 North America: Composites Market, by End Use Industry
10.2.6 North America: Composites Market, by Key Country
10.2.6.1 US: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.2.6.2 US: Composites Market –Volume and Forecast to 2028 (Tons)
10.2.6.2.1 US: Composites Market, by Fiber Type
10.2.6.2.2 US: Composites Market, by Fiber Type
10.2.6.2.3 US: Composites Market, by Resin Type
10.2.6.2.4 US: Composites Market, by End Use Industry
10.2.6.3 Canada: Composites Market–Revenue and Forecast to 2028 (US$ Million)
10.2.6.4 Canada: Composites Market–Volume and Forecast to 2028 (Tons)
10.2.6.4.1 Canada: Composites Market, by Fiber Type
10.2.6.4.2 Canada: Composites Market, by Fiber Type
10.2.6.4.3 Canada: Composites Market, by Resin Type
10.2.6.4.4 Canada: Composites Market, by End Use Industry
10.2.6.5 Mexico: Composites Market–Revenue and Forecast to 2028 (US$ Million)
10.2.6.6 Mexico: Composites Market–Volume and Forecast to 2028 (Tons)
10.2.6.6.1 Mexico: Composites Market, by Fiber Type
10.2.6.6.2 Mexico: Composites Market, by Fiber Type
10.2.6.6.3 Mexico: Composites Market, by Resin Type
10.2.6.6.4 Mexico: Composites Market, by End Use Industry
10.3 Europe: Composites Market
10.3.1 Europe: Composites Market–Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Composites Market–Volume and Forecast to 2028 (Tons)
10.3.3 Europe: Composites Market, by Fiber Type
10.3.4 Europe: Composites Market, by Resin Type
10.3.5 Europe: Composites Market, by End Use Industry
10.3.6 Europe: Composites Market, by Key Country
10.3.6.1 Germany: Composites Market–Revenue and Forecast to 2028 (US$ Million)
10.3.6.2 Germany: Composites Market–Volume and Forecast to 2028 (Tons)
10.3.6.2.1 Germany: Composites Market, by Fiber Type
10.3.6.2.2 Germany: Composites Market, by Fiber Type
10.3.6.2.3 Germany: Composites Market, by Resin Type
10.3.6.2.4 Germany: Composites Market, by End Use Industry
10.3.6.3 France: Composites Market–Revenue and Forecast to 2028 (US$ Million)
10.3.6.4 France: Composites Market–Volume and Forecast to 2028 (Tons)
10.3.6.4.1 France: Composites Market, by Fiber Type
10.3.6.4.2 France: Composites Market, by Fiber Type
10.3.6.4.3 France: Composites Market, by Resin Type
10.3.6.4.4 France: Composites Market, by End Use Industry
10.3.6.5 Italy: Composites Market–Revenue and Forecast to 2028 (US$ Million)
10.3.6.6 Italy: Composites Market–Volume and Forecast to 2028 (Tons)
10.3.6.6.1 Italy: Composites Market, by Fiber Type
10.3.6.6.2 Italy: Composites Market, by Fiber Type
10.3.6.6.3 Italy: Composites Market, by Resin Type
10.3.6.6.4 Italy: Composites Market, by End Use Industry
10.3.6.6.5 United Kingdom: Composites Market–Revenue and Forecast to 2028 (US$ Million)
10.3.6.6.6 United Kingdom: Composites Market–Volume and Forecast to 2028 (Tons)
10.3.6.6.7 United Kingdom: Composites Market, by Fiber Type
10.3.6.6.8 United Kingdom: Composites Market, by Fiber Type
10.3.6.6.9 United Kingdom: Composites Market, by Resin Type
10.3.6.6.10 United Kingdom: Composites Market, by End Use Industry
10.3.6.7 Russia: Composites Market–Revenue and Forecast to 2028 (US$ Million)
10.3.6.8 Russia: Composites Market–Volume and Forecast to 2028 (Tons)
10.3.6.8.1 Russia: Composites Market, by Fiber Type
10.3.6.8.2 Russia: Composites Market, by Fiber Type
10.3.6.8.3 Russia: Composites Market, by Resin Type
10.3.6.8.4 Russia: Composites Market, by End Use Industry
10.3.6.9 Rest of Europe: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.3.6.10 Rest of Europe: Composites Market – Volume and Forecast to 2028 (Tons)
10.3.6.10.1 Rest of Europe: Composites Market, by Fiber Type
10.3.6.10.2 Rest of Europe: Composites Market, by Fiber Type
10.3.6.10.3 Rest of Europe: Composites Market, by Resin Type
10.3.6.10.4 Rest of Europe: Composites Market, by End Use Industry
10.4 Asia Pacific: Composites Market
10.4.1 Asia Pacific: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Composites Market –Volume and Forecast to 2028 (Tons)
10.4.3 Asia Pacific: Composites Market, by Fiber Type
10.4.4 Asia Pacific: Composites Market, by Resin Type
10.4.5 Asia Pacific: Composites Market, by End Use Industry
10.4.6 Asia Pacific: Composites Market, by Key Country
10.4.6.1 Australia: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.2 Australia: Composites Market – Volume and Forecast to 2028 (Tons)
10.4.6.2.1 Australia: Composites Market, by Fiber Type
10.4.6.2.2 Australia: Composites Market, by Fiber Type
10.4.6.2.3 Australia: Composites Market, by Resin Type
10.4.6.2.4 Australia: Composites Market, by End Use Industry
10.4.6.3 China: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.4 China: Composites Market – Volume and Forecast to 2028 (Tons)
10.4.6.4.1 China: Composites Market, by Fiber Type
10.4.6.4.2 China: Composites Market, by Fiber Type
10.4.6.4.3 China: Composites Market, by Resin Type
10.4.6.4.4 China: Composites Market, by End Use Industry
10.4.6.5 India: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.6 India: Composites Market – Volume and Forecast to 2028 (Tons)
10.4.6.6.1 India: Composites Market, by Fiber Type
10.4.6.6.2 India: Composites Market, by Fiber Type
10.4.6.6.3 India: Composites Market, by Resin Type
10.4.6.6.4 India: Composites Market, by End Use Industry
10.4.6.7 Japan: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.8 Japan: Composites Market – Volume and Forecast to 2028 (Tons)
10.4.6.8.1 Japan: Composites Market, by Fiber Type
10.4.6.8.2 Japan: Composites Market, by Fiber Type
10.4.6.8.3 Japan: Composites Market, by Resin Type
10.4.6.8.4 Japan: Composites Market, by End Use Industry
10.4.6.9 South Korea: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.10 South Korea: Composites Market – Volume and Forecast to 2028 (Tons)
10.4.6.10.1 South Korea: Composites Market, by Fiber Type
10.4.6.10.2 South Korea: Composites Market, by Fiber Type
10.4.6.10.3 South Korea: Composites Market, by Resin Type
10.4.6.10.4 South Korea: Composites Market, by End Use Industry
10.4.6.11 Rest of Asia Pacific: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.4.6.12 Rest of Asia Pacific: Composites Market – Volume and Forecast to 2028 (Tons)
10.4.6.12.1 Rest of Asia Pacific: Composites Market, by Fiber Type
10.4.6.12.2 Rest of Asia Pacific: Composites Market, by Fiber Type
10.4.6.12.3 Rest of Asia Pacific: Composites Market, by Resin Type
10.4.6.12.4 Rest of Asia Pacific: Composites Market, by End Use Industry
10.5 Middle East and Africa: Composites Market
10.5.1 Middle East and Africa: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.5.2 Middle East and Africa: Composites Market –Volume and Forecast to 2028 (Tons)
10.5.3 Middle East and Africa: Composites Market, by Fiber Type
10.5.4 Middle East and Africa: Composites Market, by Resin Type
10.5.5 Middle East and Africa: Composites Market, by End Use Industry
10.5.6 Middle East and Africa: Composites Market, by Key Country
10.5.6.1 South Africa: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.5.6.2 South Africa: Composites Market –Volume and Forecast to 2028 (Tons)
10.5.6.2.1 South Africa: Composites Market, by Fiber Type
10.5.6.2.2 South Africa: Composites Market, by Fiber Type
10.5.6.2.3 South Africa: Composites Market, by Resin Type
10.5.6.2.4 South Africa: Composites Market, by End Use Industry
10.5.6.3 Saudi Arabia: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.5.6.4 Saudi Arabia: Composites Market –Volume and Forecast to 2028 (Tons)
10.5.6.4.1 Saudi Arabia: Composites Market, by Fiber Type
10.5.6.4.2 Saudi Arabia: Composites Market, by Fiber Type
10.5.6.4.3 Saudi Arabia: Composites Market, by Resin Type
10.5.6.4.4 Saudi Arabia: Composites Market, by End Use Industry
10.5.6.5 UAE: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.5.6.6 UAE: Composites Market –Volume and Forecast to 2028 (Tons)
10.5.6.6.1 UAE: Composites Market, by Fiber Type
10.5.6.6.2 UAE: Composites Market, by Fiber Type
10.5.6.6.3 UAE: Composites Market, by Resin Type
10.5.6.6.4 UAE: Composites Market, by End Use Industry
10.5.6.7 Rest of MEA: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.5.6.8 Rest of MEA: Composites Market –Volume and Forecast to 2028 (Tons)
10.5.6.8.1 Rest of MEA: Composites Market, by Fiber Type
10.5.6.8.2 Rest of MEA: Composites Market, by Fiber Type
10.5.6.8.3 Rest of MEA: Composites Market, by Resin Type
10.5.6.8.4 Rest of MEA: Composites Market, by End Use Industry
10.6 South America: Composites Market
10.6.1 South America: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.6.2 South America: Composites Market –Volume and Forecast to 2028 (Tons)
10.6.3 South America: Composites Market, by Fiber Type
10.6.4 South America: Composites Market, by Resin Type
10.6.5 South America: Composites Market, by End Use Industry
10.6.6 South America: Composites Market, by Key Country
10.6.6.1 Brazil: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.6.6.2 Brazil: Composites Market –Volume and Forecast to 2028 (Tons)
10.6.6.2.1 Brazil: Composites Market, by Fiber Type
10.6.6.2.2 Brazil: Composites Market, by Fiber Type
10.6.6.2.3 Brazil: Composites Market, by Resin Type
10.6.6.2.4 Brazil: Composites Market, by End Use Industry
10.6.6.3 Argentina: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.6.6.4 Argentina: Composites Market –Volume and Forecast to 2028 (Tons)
10.6.6.4.1 Argentina: Composites Market, by Fiber Type
10.6.6.4.2 Argentina: Composites Market, by Fiber Type
10.6.6.4.3 Argentina: Composites Market, by Resin Type
10.6.6.4.4 Argentina: Composites Market, by End Use Industry
10.6.6.5 Rest of South America: Composites Market –Revenue and Forecast to 2028 (US$ Million)
10.6.6.6 Rest of South America: Composites Market –Volume and Forecast to 2028 (Tons)
10.6.6.6.1 Rest of South America: Composites Market, by Fiber Type
10.6.6.6.2 Rest of South America: Composites Market, by Fiber Type
10.6.6.6.3 Rest of South America: Composites Market, by Resin Type
10.6.6.6.4 Rest of South America: Composites Market, by End Use Industry
11. Impact of COVID-19
11.1 Overview – Impact of COVID-19
11.2 Impact of COVID-19 on Composites Market
11.3 North America: Impact Assessment of COVID-19 Pandemic
11.4 Europe: Impact Assessment of COVID-19 Pandemic
11.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.7 South America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 DuPont de Nemours Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Fiber Types and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Gurit Holding AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Fiber Types and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Hexion Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Fiber Types and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Mitsubishi Chemical Holdings Corp
12.4.1 Key Facts
12.4.2 Business Description
13.4.3 Fiber Types and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Nippon Electric Glass Co.,Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Fiber Types and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Owens Corning
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Fiber Types and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SGL Carbon SE
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Fiber Types and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Teijin Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Fiber Types and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Solvay SA
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Fiber Types and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Toray Industries Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Fiber Types and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Composites Market –Volume and Forecast to 2028 (Kilo Tons)
Table 2. Composites Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Global Composites Market, by Fiber Type – Volume and Forecast to 2028 (Kilo Tons)
Table 5. Global Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Global Composites Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)
Table 7. North America Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. North America Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 9. North America Composites Market, by Resin Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. North America Composites Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)
Table 11. US Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. US Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 13. US Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. US Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada: Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Canada: Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 17. Canada Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Canada Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 19. Mexico Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Mexico Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 21. Mexico Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Mexico Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Europe Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 25. Europe Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Europe Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Germany Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 29. Germany Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Germany Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 31. France Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. France Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 33. France Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. France Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Italy Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 37. Italy Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. Italy Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 39. United Kingdom Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. United Kingdom Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 41. United Kingdom Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. United Kingdom Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 43. Russia: Composites Market, by Fiber Type– Revenue and Forecast to 2028 (US$ Million)
Table 44. Russia: Composites Market, by Fiber Type– Volume and Forecast to 2028 (Tons)
Table 45. Russia: Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. Russia: Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of Europe Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 49. Rest of Europe Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. Rest of Europe Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 51. Asia Pacific Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. Asia Pacific Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 53. Asia Pacific Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Asia Pacific Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia Composites Market, by Fiber Type– Revenue and Forecast to 2028 (US$ Million)
Table 56. Australia Composites Market, by Fiber Type– Volume and Forecast to 2028 (Tons)
Table 57. Australia Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. Australia Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 59. China Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. China Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 61. China Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 62. China Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 63. India Composites Market, by Fiber Type –Revenue and Forecast to 2028 (US$ Million)
Table 64. India Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 65. India Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. India Composites Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)
Table 67. Japan Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 68. Japan Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 69. Japan Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. Japan Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. South Korea Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 73. South Korea Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 74. South Korea Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of Asia Pacific Composites Market, by Fiber Type –Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of Asia Pacific Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 77. Rest of Asia Pacific Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. Rest of Asia Pacific Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 79. Middle East and Africa Composites Market, by Fiber Type– Revenue and Forecast to 2028 (US$ Million)
Table 80. Middle East and Africa Composites Market, by Fiber Type–Volume and Forecast to 2028 (Tons)
Table 81. Middle East and Africa Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 82. Middle East and Africa Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 83. South Africa Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 84. South Africa Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 85. South Africa Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 86. South Africa Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 87. Saudi Arabia Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 88. Saudi Arabia Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 89. Saudi Arabia Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 90. Saudi Arabia Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 91. UAE Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 92. UAE Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 93. UAE Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 94. UAE Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 95. Rest of MEA Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of MEA Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 97. Rest of MEA Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 98. Rest of MEA Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 99. South America Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 100. South America Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 101. South America Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 102. South America Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 103. Brazil Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 104. Brazil Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 105. Brazil Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 106. Brazil Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 107. Argentina Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 108. Argentina Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 109. Argentina Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 110. Argentina Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 111. Rest of South America Composites Market, by Fiber Type – Revenue and Forecast to 2028 (US$ Million)
Table 112. Rest of South America Composites Market, by Fiber Type – Volume and Forecast to 2028 (Tons)
Table 113. Rest of South America Composites Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 114. Rest of South America Composites Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 115. Glossary of Terms, Global Composites Market
LIST OF FIGURES
Figure 1. Composites Market Segmentation
Figure 2. Composites Market Segmentation – By Geography
Figure 3. Global Composites Market Overview
Figure 4. Global Composites Market, By Fiber Type
Figure 5. Global Composites Market, by Geography
Figure 6. Global Composites Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis of Composites Market
Figure 8. Composites Market, Ecosystem
Figure 9. Expert Opinion
Figure 10. Global Composites Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Composites Market
Figure 12. Composites Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 13. Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Composites Market Revenue Share, By Fiber Type (2021 and 2028)
Figure 15. Humic Substances: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Humic Substances: Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 17. Amino Acids: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Amino Acids: Composites Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 19. Microbial Stimulants: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Microbial Stimulants: Composites Market – Revenue and Forecast To 2028 (Kilo Tons)
Figure 21. Seaweed Extracts: Natural Surfactants Market – Volume and Forecast To 2028 (Tons)
Figure 22. Seaweed Extracts: Natural Surfactants Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Others: Natural Surfactants Market – Volume and Forecast To 2028 (Tons)
Figure 24. Others: Natural Surfactants Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Composites Market Revenue Share, By Resin Type (2021 and 2028)
Figure 26. Foliar Spray: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Seed Treatment: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Soil Application: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Composites Market Revenue Share, By End Use Industry (2021 and 2028)
Figure 30. Cereals and Grains: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 31. Oilseeds and Pulses: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 32. Fruits and Vegetables: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 33. Turf and Landscape: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 34. Others: Composites Market – Revenue and Forecast To 2028 (US$ Million)
Figure 35. Global Composites Market Revenue Share, by Region (2021 and 2028)
Figure 36. North America: Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. North America: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 38. North America: Composites Market Revenue Share, by Fiber Type (2021 and 2028)
Figure 39. North America: Composites Market Revenue Share, by Resin Type (2021 and 2028)
Figure 40. North America: Composites Market Revenue Share, by Resin Type (2021 and 2028)
Figure 41. North America: Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 42. US: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. US: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 44. Canada: Composites Market–Revenue and Forecast to 2028 (US$ Million)
Figure 45. Canada: Composites Market–Volume and Forecast to 2028 (Tons)
Figure 46. Mexico: Composites Market–Revenue and Forecast to 2028 (US$ Million)
Figure 47. Mexico: Composites Market–Volume and Forecast to 2028 (Tons)
Figure 48. Europe: Composites Market– Revenue and Forecast to 2028 (US$ Million)
Figure 49. Europe: Composites Market–Volume and Forecast to 2028 (Tons)
Figure 50. Europe: Composites Market Revenue Share, by Fiber Type (2021 and 2028)
Figure 51. Europe: Composites Market Revenue Share, by Resin Type (2021 and 2028)
Figure 52. Europe: Composites Market Revenue Share, by Resin Type (2021 and 2028)
Figure 53. Europe: Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 54. Germany: Composites Market–Revenue and Forecast to 2028 (US$ Million)
Figure 55. Germany: Composites Market–Volume and Forecast to 2028 (Tons)
Figure 56. France: Composites Market–Revenue and Forecast to 2028 (US$ Million)
Figure 57. France: Composites Market–Volume and Forecast to 2028 (Tons)
Figure 58. Italy: Composites Market–Revenue and Forecast to 2028 (US$ Million)
Figure 59. Italy: Composites Market–Volume and Forecast to 2028 (Tons)
Figure 60. United Kingdom: Composites Market–Revenue and Forecast to 2028 (US$ Million)
Figure 61. United Kingdom: Composites Market–Volume and Forecast to 2028 (Tons)
Figure 62. Russia: Composites Market–Revenue and Forecast to 2028 (US$ Million)
Figure 63. Russia: Composites Market– Volume and Forecast to 2028 (Tons)
Figure 64. Rest of Europe: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of Europe: Composites Market – Volume and Forecast to 2028 (Tons)
Figure 66. Asia Pacific: Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Asia Pacific: Composites Market – Volume and Forecast to 2028 (Tons)
Figure 68. Asia Pacific: Composites Market Revenue Share, by Fiber Type (2021 and 2028)
Figure 69. Asia Pacific: Composites Market Revenue Share, by Resin Type (2021 and 2028)
Figure 70. Asia Pacific: Composites Market Revenue Share, by End Use Industry (2021 and 2028)
Figure 71. Asia Pacific: Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 72. Australia: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 73. Australia: Composites Market – Volume and Forecast to 2028 (Tons)
Figure 74. China: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 75. China: Composites Market – Volume and Forecast to 2028 (Tons)
Figure 76. India: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 77. India: Composites Market – Volume and Forecast to 2028 (Tons)
Figure 78. Japan: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 79. Japan: Composites Market – Volume and Forecast to 2028 (Tons)
Figure 80. South Korea: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 81. South Korea: Composites Market – Volume and Forecast to 2028 (Tons)
Figure 82. Rest of Asia Pacific: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 83. Rest of Asia Pacific: Composites Market – Volume and Forecast to 2028 (Tons)
Figure 84. Middle East and Africa: Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 85. Middle East and Africa: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 86. Middle East and Africa: Composites Market Revenue Share, by Fiber Type (2021 and 2028)
Figure 87. Middle East and Africa: Composites Market Revenue Share, by Resin Type (2021 and 2028)
Figure 88. Middle East and Africa: Composites Market Revenue Share, by End Use Industry (2021 and 2028)
Figure 89. Middle East and Africa: Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 90. South Africa: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 91. South Africa: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 92. Saudi Arabia: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 93. Saudi Arabia: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 94. UAE: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 95. UAE: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 96. Rest of MEA: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 97. Rest of MEA: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 98. South America: Composites Market – Revenue and Forecast to 2028 (US$ Million)
Figure 99. South America: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 100. South America: Composites Market Revenue Share, by Fiber Type (2021 and 2028)
Figure 101. South America: Composites Market Revenue Share, by Resin Type (2021 and 2028)
Figure 102. South America: Composites Market Revenue Share, by End Use Industry (2021 and 2028)
Figure 103. South America: Composites Market Revenue Share, by Key Country (2021 and 2028)
Figure 104. Brazil: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 105. Brazil: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 106. Argentina: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 107. Argentina: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 108. Rest of South America: Composites Market –Revenue and Forecast to 2028 (US$ Million)
Figure 109. Rest of South America: Composites Market –Volume and Forecast to 2028 (Tons)
Figure 110. Impact of COVID-19 Pandemic on Composites Market in North America
Figure 111. Impact of COVID-19 Pandemic on Composites Market in Europe
Figure 112. Impact of COVID-19 Pandemic on Composites Market in Asia Pacific
Figure 113. Impact of COVID-19 Pandemic on Composites in Middle East and Africa
Figure 114. Impact of COVID-19 Pandemic on Composites in South America
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global composites market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global composites market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the composites market as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The List of Companies – Composites Market
• DuPont de Nemours Inc
• Gurit Holding AG
• Hexion Inc
• Mitsubishi Chemical Holdings Corp
• Nippon Electric Glass Co Ltd
• Owens Corning
• SGL Carbon SE
• Teijin Ltd
• Solvay SA
• Toray Industries Inc
The scope of our recent study on the “Composites Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Fiber Type, Resin Type, and End-Use Industry” includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.
The composites market size is expected to grow from US$ 88,710.42 million in 2022 to US$ 124,185.35 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2022 to 2028. Composites are more durable, corrosion resistant, and have high strength, as they are highly preferred over traditional materials such as steel and aluminum. Also, composites are improving the design process of end products across various industries. Due to all these characteristics of composites, they are widely used in various end-use industries such as construction, automotive, aerospace and defense, wind, marine, and sporting goods.
Based on end-use industry, the global composites market is segmented into automotive, aerospace & defense, wind, construction, marine, sporting goods, and others. The composites market share for the automotive segment was the largest in 2022. Composites are used in car manufacturing as they are lightweight and meet mileage standards. Composites are utilized for producing body panels and preparing car frames, rims, springs, and truck bedliners.
The global composites market is segmented into five main regions—North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the global composites market in 2022. A major factor driving the composites market in Asia Pacific is the increase in the use of composites from the automotive, construction, wind energy, and sporting goods industries.
Impact of COVID-19 Pandemic on Composites Market
Many economies were affected due to the onset of the COVID-19 pandemic. The COVID-19 outbreak created a temporary distortion in the operational efficiencies of industrial bases. Various end-use industries, such as automotive, energy, and building & construction, were severely affected by the pandemic, impacting the demand for composites. In Europe, the construction of buildings was negligible due to the shortage of laborers and the disrupted supply chain of raw materials. However, industries began reviving with the resumption of operations in 2021. With this, the composites market continue to witness significant recovery.
Global Composites Market Breakdown – by Region
The report includes the segmentation of the global composites market as follows:
The global composites market is segmented on the basis of fiber type, resin type, and end-use industry. Based on fiber type, the global composites market is segmented into carbon fiber composites, glass fiber composites, and others. Based on resin type, the global composites market is bifurcated into thermoset and thermoplastic. The thermoset segment is further segmented into polyester, vinyl ester, epoxy, polyurethane, and others. The thermoplastic segment is subsegmented into polypropylene, polyethylene, polyvinylchloride, polystyrene, polyethylene terephthalate, polycarbonate, and others. Based on end-use industry, the global composites market is segmented into automotive, aerospace & defense, wind, construction, marine, sporting goods, and others. By geography, the global composites market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America composites market is further segmented into the US, Canada, and Mexico. The Europe composites market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific composites market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America composites market is further categorized into Brazil, Argentina, and the Rest of South & Central America.
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