Advanced Composites Market Growth & Trends
The global advanced composites market size is expected to reach USD 70.2 billion by 2030, as per a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 9.2% from 2022 to 2030. Growing demand for the products in the wind energy sector and aerospace and defense industry is expected to drive the market growth over the forecasted period. The market is growing at a notable pace owing to the rising penetration of carbon and glass fiber composites in the aerospace and defense industry and industries such as renewable power generation, healthcare, and electronics. Moreover, industrialization in emerging markets such as China, India, and Japan further propel the growth of the market.
Carbon fibers composites are likely to grow significantly due to a drop in their prices. Moreover, the use of carbon fiber is gaining traction owing to its benefits such as high strength and lightweight. The demand in the aerospace industry and wind turbine manufacturing is expected to grow owing to the increasing air passenger traffic and installations of wind energy plants across the globe. The market is highly regulated owing to the critical nature of its application. Manufacturers are focused on obtaining certifications from The American Society of Testing Materials, Safety Glass Directives of EU, and U.S. Clean Air Act to abide by the regulations. Stringent regulations have resulted in high setup costs, which in turn, is limiting the market growth.
Advanced Composites Market Report Highlights
- The aerospace and defense application segment accounted for a revenue share of over 40% in 2021. Growing air passenger traffic and the resultant surge in the manufacturing of airplanes in North America and Europe are expected to drive the market
- The glass composites segment accounted for over 27.0% of the total market in 2021. The growing application scope of the product in the automotive, sporting goods, and wind industries is expected to drive the market
- The wind energy application segment is expected to witness a CAGR of 8.6% from 2021 to 2030. The increasing utilization of glass and carbon advanced composites coupled with rapid wind turbine industry growth is expected to bolster market growth over the forecast period
- The growing application of aramid composites in the defense sector is expected to aid market growth. The characteristics like lightweight and high strength and the rising geopolitical instability are expected to bolster the defense sector which in turn will aid market growth
- North America accounted for approximately 38.0% of the total market in terms of revenue in 2021. The presence of the leading aerospace manufacturer, The Boeing Company is expected to be a key aspect of market growth over the forecast period
Table of Contents
Chapter 1. Methodology and Scope1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Advanced Composites Market Variables, Trends & Scope
3.1. Market Segmentation
3.2. Market Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Manufacturing Trends
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Business Environment Analysis: Global Advanced Composites Market
3.7.1. Industry Analysis - Porter’S
3.7.1.1. Supplier Power
3.7.1.2. Buyer Power
3.7.1.3. Substitution Threat
3.7.1.4. Threat from New Entrant
3.7.1.5. Competitive Rivalry
3.7.2. PESTEL Analysis
3.7.2.1. Political Landscape
3.7.2.2. Environmental Landscape
3.7.2.3. Social Landscape
3.7.2.4. Technology Landscape
3.7.2.5. Economic Landscape
3.7.2.6. Legal Landscape
Chapter 4. Advanced Composites Materials Market: Product Estimates & Trend Analysis
4.1. Advanced Composites Market: Product Movement Analysis, 2021 & 2030
4.2. Market Size & Forecasts and Trend Analysis, 2017 to 2030 for the Following
4.2.1. Aramid Fibers Composites
4.2.1.1. Aramid Fiber Composites Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
4.2.2. Carbon Fibers Composites
4.2.2.1. Carbon Fiber Composites Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
4.2.3. Glass Fibers Composites
4.2.3.1. Glass Fibers Composites Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
Chapter 5. Advanced Composites Market: Application Estimates & Trend Analysis
5.1. Advanced Composites Market: Application Movement Analysis, 2021 & 2030
5.2. Market Size & Forecasts and Trend Analysis, 2017 to 2030 for the Following
5.2.1. Aerospace & Defense
5.2.1.1. Advanced Composites Market Estimates and Forecasts, by Aerospace & Defense Applications 2017 - 2030 (Kilotons) (Usd Million)
5.2.2. Automotive
5.2.2.1. Advanced Composites Market Estimates and Forecasts, by Automotive Applications 2017 - 2030 (Kilotons) (Usd Million)
5.2.3. Wind Energy
5.2.3.1. Advanced Composites Market Estimates and Forecasts, by Wind Energy Applications 2017 - 2030 (Kilotons) (Usd Million)
5.2.4. Sporting Goods
5.2.4.1. Advanced Composites Market Estimates and Forecasts, by Sporting Goods Applications 2017 - 2030 (Kilotons) (Usd Million)
5.2.5. Others
5.2.5.1. Advanced Composites Market Estimates and Forecasts, by Other Applications 2017 - 2030 (Kilotons) (Usd Million)
Chapter 6. Advanced Composites Market: Regional Estimates & Trend Analysis
6.1. Advanced Composites Market: Product Movement Analysis, 2021 & 2030
6.2. Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the Following:
6.3. North America
6.3.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.3.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.3.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.3.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.3.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.3.6. U.S.
6.3.6.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.3.6.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.3.6.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.3.6.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.3.6.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.4. Europe
6.4.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.4.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.4.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.4.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.4.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.4.6. Germany
6.4.6.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.4.6.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.4.6.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.4.6.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.4.6.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.4.7. U.K.
6.4.7.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.4.7.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.4.7.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.4.7.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.4.7.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.5. Asia-Pacific
6.5.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.5.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.5.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.5.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.5.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.5.6. China
6.5.6.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.5.6.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.5.6.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.5.6.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.5.6.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.5.7. India
6.5.7.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.5.7.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.5.7.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.5.7.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.5.7.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.5.8. Japan
6.5.8.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.5.8.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.5.8.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.5.8.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.5.8.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.6. Central & South America
6.6.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.6.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.6.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.6.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.6.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.6.6. Brazil
6.6.6.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.6.6.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.6.6.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.6.6.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.6.6.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
6.7. Middle East & Africa
6.7.1. Market Estimates and Forecasts 2017 - 2030 (Kilotons) (Usd Million)
6.7.2. Market Estimates and Forecasts, by Product 2017 - 2030 (Kilotons)
6.7.3. Market Estimates and Forecasts, by Product 2017 - 2030 (Usd Million)
6.7.4. Market Estimates and Forecasts, by Application 2017 - 2030 (Kilotons)
6.7.5. Market Estimates and Forecasts, by Application 2017 - 2030 (Usd Million)
Chapter 7. Advanced Composites Market: Competitive Analysis
7.1. Key Global Players, Their Initiatives, & Their Impact on the Market
7.2. Competitive Environment
7.3. Vendor Landscape
7.4. Public Companies
7.4.1. Company Market Positioning
7.5. Private Companies
7.5.1. List of Key Emerging Companies and Their Geographical Presence
Chapter 8. Company Profiles
8.1. Toray Industries, Inc.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Koninklijke Ten Cate Nv
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.3. Teijin Limited
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Hexcel Corporation
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.5. Sgl Group
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.6. Cytec Solvay Group
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.7. Owens Corning
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.8. E. I. Dupont De Nemours and Company
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.9. Huntsman Corporation
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Momentive Performance Materials Inc.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.11. Ws Atkins plc
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.12. Agy Holdings Corp.
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. Formosa Plastics Corporation
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.14. Plasan Carbon Composites
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.15. Strata Manufacturing
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product BenchmarkingList of Tables
Table 1 Advanced Composites market estimates and forecasts, by Aramid fibers composites 2017 - 2030 (Kilotons) (USD Million)
Table 2 Advanced Composites market estimates and forecasts, by Carbon fibers composites 2017 - 2030 (Kilotons) (USD Million)
Table 3 Advanced Composites market estimates and forecasts, by Glass fibers composites 2017 - 2030 (Kilotons) (USD Million)
Table 4 Advanced Composites market estimates and forecasts, by Aerospace & defense 2017 - 2030 (Kilotons) (USD Million)
Table 5 Advanced Composites market estimates and forecasts, by Automotive 2017 - 2030 (Kilotons) (USD Million)
Table 6 Advanced Composites market estimates and forecasts, by Wind energy 2017 - 2030 (Kilotons) (USD Million)
Table 7 Advanced Composites market estimates and forecasts, by Sporting goods 2017 - 2030 (Kilotons) (USD Million)
Table 8 Advanced Composites market estimates and forecasts, by others 2017 - 2030 (Kilotons) (USD Million)
Table 9 North America Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 10 North America Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 11 North America Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 12 North America Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 13 North America Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 14 U.S. Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 15 U.S. Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 16 U.S. Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 17 U.S. Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 18 U.S. Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 19 Europe Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 20 Europe Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 21 Europe Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 22 Europe Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 23 Europe Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 24 Germany Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 25 Germany Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 26 Germany Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 27 Germany Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 28 Germany Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 29 U.K. Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 30 U.K. Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 31 U.K. Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 32 U.K. Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 33 U.K. Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 34 Asia Pacific Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 35 Asia Pacific Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 36 Asia Pacific Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 37 Asia Pacific Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 38 Asia Pacific Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 39 China Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 40 China Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 41 China Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 42 China Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 43 China Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 44 India Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 45 India Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 46 India Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 47 India Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 48 India Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 49 Japan Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 50 Japan Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 51 Japan Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 52 Japan Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 53 Japan Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 54 Central & South America Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 55 Central & South America Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 56 Central & South America Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 57 Central & South America Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 58 Central & South America Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 59 Brazil Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 60 Brazil Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 61 Brazil Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 62 Brazil Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 63 Brazil Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 64 Middle East & Africa Advanced Composites market estimates and forecasts 2017 - 2030 (Kilotons) (USD Million)
Table 65 Middle East & Africa Advanced Composites market estimates and forecasts, by product 2017 - 2030 (Kilotons)
Table 66 Middle East & Africa Advanced Composites market estimates and forecasts, by product 2017 - 2030 (USD Million)
Table 67 Middle East & Africa Advanced Composites market estimates and forecasts, by application 2017 - 2030 (Kilotons)
Table 68 Middle East & Africa Advanced Composites market estimates and forecasts, by application 2017 - 2030 (USD Million)
Table 69 List of Major Residential Equipment Manufacturers
List of Charts
Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Market Research Approaches - Bottom-Up Approach
Fig. 5 Market Research Approaches - Top-Down Approach
Fig. 6 Market Research Approaches - Combined Approach
Fig. 7 Market Outlook
Fig. 8 Segment Outlook
Fig. 9 Competitive Insights
Fig. 10 Market Segmentation
Fig. 11 Penetration and Growth Prospect Mapping
Fig. 12 Industry Value Chain Analysis
Fig. 13 Market Driver Analysis
Fig. 14 NAHB/Royal Building Products Remodeling Market Index (RMI) for the U.S.
Fig. 15 Investments in Construction Industry by the Branch of Economic Activities in 2021
Fig. 16 Homeowner Improvement Spending in the U.S. in USD Million
Fig. 17 Investment Opportunity Across Regions by 2030 (USD Million)
Fig. 18 Market Restraint Analysis
Fig. 19 Advanced Composites Market: Product Movement Analysis, 2021 & 2030
Fig. 20 Advanced Composites Market: Application Movement Analysis 2021 & 2030
Fig. 21 Advanced Composites Market: Regional Movement Analysis 2021 & 2030
Fig. 22 Competitive Environment
Fig. 23 Company Market Position Analysis
Fig. 24 SWOT
Companies Mentioned
- Toray Industries, Inc.
- Koninklijke Ten Cate NV
- Teijin Limited
- Hexcel Corporation
- SGL Group
- Cytec Solvay Group
- Owens Corning
- E. I. Dupont De Nemours and Company
- Huntsman Corporation
- Momentive Performance Materials Inc.
- WS Atkins plc
- AGY Holdings Corp.
- Formosa Plastics Corporation
- Plasan Carbon Composites
- Strata Manufacturing
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 198 |
| Published | May 2022 |
| Forecast Period | 2021 - 2030 |
| Estimated Market Value in 2021 | 31.73 Billion |
| Forecasted Market Value by 2030 | 70.2 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
