Advanced Composites - Global Strategic Business Report

The global market for Advanced Composites is estimated at US$52.9 Billion in 2023 and is projected to reach US$95.7 Billion by 2030, growing at a CAGR of 8.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the advanced composites market is driven by several factors that are transforming material science and industrial applications. Technological advancements in composite manufacturing and the development of new high-performance fibers and resins are enhancing the capabilities and appeal of advanced composites. The increasing demand in the aerospace and automotive industries for lightweight, high-strength materials that boost fuel efficiency and reduce emissions is a key driver. Consumer preferences for durable and high-performance products are accelerating the adoption of composites in sectors like sporting goods and consumer electronics.

The expansion of renewable energy projects, particularly in wind energy, is generating significant demand for advanced composite materials. Additionally, regulatory requirements and environmental standards are pushing industries to adopt sustainable and efficient materials, further propelling market growth. Government initiatives and funding to support research and development in composite technologies are also fostering innovation and expanding market opportunities. These factors collectively underscore the dynamic and rapidly evolving nature of the advanced composites market, positioning it as a pivotal force in technological and industrial advancement.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Carbon Fiber Composites segment, which is expected to reach US$37.2 Billion by 2030 with a CAGR of a 9.5%. The Aramid Fiber Composites segment is also set to grow at 8.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $13.8 Billion in 2023, and China, forecasted to grow at an impressive 11.8% CAGR to reach $21.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Advanced Composites Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Advanced Composites Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Advanced Composites Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Advanced Composites, Inc., Agy Holdings Corp., BASF SE, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 28 Featured):

• Advanced Composites, Inc.
• Agy Holdings Corp.
• BASF SE
• DowAksa Advanced Composites Holdings BV
• Dow, Inc.
• DuPont de Nemours, Inc.
• Gaffco Ballistics Inc.
• Gurit Holding AG
• Henkel AG & Co. KGaA
• Hexcel Corporation
• Hexion Inc.
• Honeywell International, Inc.
• Huntsman International LLC
• Hyosung Corporation
• Kineco Kaman Composites
• Koninklijke Ten Cate BV
• Mitsubishi Chemical Holdings Corporation
• Nippon Graphite Fiber Corporation
• Owens Corning
• Plasan Carbon Composites, Inc.
• Quantum Composites, Inc.
• Renegade Materials Corporation
• SGL Group - The Carbon Company
• Solvay SA
• Teijin Ltd.
• Toray Industries, Inc.