The global advanced composites market was valued at $34.0 billion in 2021, and is projected to reach $88.7 billion by 2031, growing at a CAGR of 10.2% from 2022 to 2031.
Advanced composites have two types including thermoset composites and thermoplastic composites. Thermoplastic composites are becoming more popular due to their advantages such as recyclability, ease of manufacturing and design flexibility. A thermoset cannot be reshaped after it has been made, cured, and cooled, whereas thermoplastics can be heated up and molded. This is the major distinction between a thermoset and a thermoplastic. Materials such as thermoset and thermoplastic are selected according to the types of properties required for the application since each of them have unique advantages. For instance, thermoset composites have high temperature resistance and excellent fatigue resistance. However, thermoplastic composites have improved toughness and the potential for recycling.
Advanced composite material is a structure made from two or more constituent materials. Constituent material have notably different chemical or physical properties that are merged to create a material with properties unlike individual elements. In the finished structure of advanced carbon composites, the individual elements remain separate and distinct, distinguishing composites from mixture and solid solution. The main raw materials used to produce carbon fiber composites are polyester resin and carbon fibers. It contains both reinforcing fibers and matrix material of pure carbon. Advanced carbon composites are known for their superior properties which are low thermal expansion, light weight, UV resistance, durability, corrosion resistance and others. Carbon composites also have higher stiffness-to-weight ratio then other conventional materials. The market of carbon composites is growing due to its increasing demand from aerospace, defense, thermoplastic and wind energy industries.
In addition, growing demand for thermoplastic resins have increased their scope in marine and piping applications. With growth in the electrical & electronics sector, the market for GFRP composites is likely to create new lucrative market growth opportunities. Fluctuations in the price of raw materials are anticipated to impede market expansion, while increased use of these composites as carbon substitutes combined with advancements in molding techniques are anticipated to fuel market expansion.
However, advanced composites are comparatively more expensive than metals. Advanced composite parts offer a broad range of benefits over steel, aluminum, wood, and performance plastics due to their high specific strength and modulus. Nevertheless, they remain expensive due to the high costs of raw materials and labor required. Additionally, the high cost of the product owing to the need for automation and advanced technologies for the manufacturing of advanced composites is expected to restrain the market growth.
The advanced composite market is segmented on the basis of product type, resin type, end-use industry and region. On the basis of product type, the advanced composite market is segmented into aramid fiber composites, carbon fiber composites, and glass fiber composites. On the basis of resin type, the advanced composite market is segmented into thermosets and thermoplastic. On the basis of the end-use industry, the advanced composite market is segmented into aerospace & defence, thermoplastic, electrical and electronic, wind energy, sporting goods, marine, medical, and others. The regional market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Toray Industries, Inc., Koninklijke Ten Cate NV, Teijin Limited, Hexcel Corporation, SGL Group, Cytec Solvay Group, Owens Corning, E. I. Dupont De Nemours, Huntsman Corporation, Momentive Performance Materials Inc. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.
Advanced composites have two types including thermoset composites and thermoplastic composites. Thermoplastic composites are becoming more popular due to their advantages such as recyclability, ease of manufacturing and design flexibility. A thermoset cannot be reshaped after it has been made, cured, and cooled, whereas thermoplastics can be heated up and molded. This is the major distinction between a thermoset and a thermoplastic. Materials such as thermoset and thermoplastic are selected according to the types of properties required for the application since each of them have unique advantages. For instance, thermoset composites have high temperature resistance and excellent fatigue resistance. However, thermoplastic composites have improved toughness and the potential for recycling.
Advanced composite material is a structure made from two or more constituent materials. Constituent material have notably different chemical or physical properties that are merged to create a material with properties unlike individual elements. In the finished structure of advanced carbon composites, the individual elements remain separate and distinct, distinguishing composites from mixture and solid solution. The main raw materials used to produce carbon fiber composites are polyester resin and carbon fibers. It contains both reinforcing fibers and matrix material of pure carbon. Advanced carbon composites are known for their superior properties which are low thermal expansion, light weight, UV resistance, durability, corrosion resistance and others. Carbon composites also have higher stiffness-to-weight ratio then other conventional materials. The market of carbon composites is growing due to its increasing demand from aerospace, defense, thermoplastic and wind energy industries.
In addition, growing demand for thermoplastic resins have increased their scope in marine and piping applications. With growth in the electrical & electronics sector, the market for GFRP composites is likely to create new lucrative market growth opportunities. Fluctuations in the price of raw materials are anticipated to impede market expansion, while increased use of these composites as carbon substitutes combined with advancements in molding techniques are anticipated to fuel market expansion.
However, advanced composites are comparatively more expensive than metals. Advanced composite parts offer a broad range of benefits over steel, aluminum, wood, and performance plastics due to their high specific strength and modulus. Nevertheless, they remain expensive due to the high costs of raw materials and labor required. Additionally, the high cost of the product owing to the need for automation and advanced technologies for the manufacturing of advanced composites is expected to restrain the market growth.
The advanced composite market is segmented on the basis of product type, resin type, end-use industry and region. On the basis of product type, the advanced composite market is segmented into aramid fiber composites, carbon fiber composites, and glass fiber composites. On the basis of resin type, the advanced composite market is segmented into thermosets and thermoplastic. On the basis of the end-use industry, the advanced composite market is segmented into aerospace & defence, thermoplastic, electrical and electronic, wind energy, sporting goods, marine, medical, and others. The regional market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Toray Industries, Inc., Koninklijke Ten Cate NV, Teijin Limited, Hexcel Corporation, SGL Group, Cytec Solvay Group, Owens Corning, E. I. Dupont De Nemours, Huntsman Corporation, Momentive Performance Materials Inc. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.
IMPACT OF COVID-19 ON THE GLOBAL MINERAL TURPENTINE MARKET
Tthe thermoplastic composites market has also suffered considerably since the production lines were standing still in the first half year of 2020. In addition, they are also generally impacted by the transition to more e-mobility which has created a lot of drawbacks and led to less sales.KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the advanced composites market analysis from 2021 to 2031 to identify the prevailing advanced composites market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the advanced composites market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global advanced composites market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Aramid fiber
- Carbon fiber
- Glass fiber
By Resin Type
- Thermoset
- Thermoplastic
By End-Use Industry
- Aerospace and Defense
- Automotive
- Electrical and Electronic
- Wind energy
- Oil and Gas
- Sporting goods
- Marine
- Medical
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Solvay
- Hexcel Corporation
- SGL Carbon
- Momentive
- ST Advanced Composites
- TEIJIN LIMITED
- Toray Industries, Inc.
- Huntsman International LLC
- DuPont
- Owens Corning
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. High demand in aerospace and aircraft industry
3.4.1.2. High demand for advanced composites across various end-use industries
3.4.2. Restraints
3.4.2.1. High cost of advanced composite material
3.4.3. Opportunities
3.4.3.1. Growing demand for ceramic matrix composites
3.5. COVID-19 Impact Analysis on the market
3.6. Pricing Analysis
3.7. Value Chain Analysis
3.8. Key Regulation Analysis
3.9. Patent Landscape
CHAPTER 4: ADVANCED COMPOSITES MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Aramid fiber
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Carbon fiber
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Glass fiber
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
CHAPTER 5: ADVANCED COMPOSITES MARKET, BY RESIN TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2. Thermoset
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Thermoplastic
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
CHAPTER 6: ADVANCED COMPOSITES MARKET, BY END-USE INDUSTRY
6.1 Overview
6.1.1 Market size and forecast
6.2. Aerospace and Defense
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Automotive
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4. Electrical and Electronic
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5. Wind energy
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
6.6. Oil and Gas
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market share analysis by country
6.7. Sporting goods
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market share analysis by country
6.8. Marine
6.8.1 Key market trends, growth factors and opportunities
6.8.2 Market size and forecast, by region
6.8.3 Market share analysis by country
6.9. Medical
6.9.1 Key market trends, growth factors and opportunities
6.9.2 Market size and forecast, by region
6.9.3 Market share analysis by country
6.10. Others
6.10.1 Key market trends, growth factors and opportunities
6.10.2 Market size and forecast, by region
6.10.3 Market share analysis by country
CHAPTER 7: ADVANCED COMPOSITES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product Type
7.2.3 North America Market size and forecast, by Resin Type
7.2.4 North America Market size and forecast, by End-Use Industry
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Product Type
7.2.5.1.3 Market size and forecast, by Resin Type
7.2.5.1.4 Market size and forecast, by End-Use Industry
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Product Type
7.2.5.2.3 Market size and forecast, by Resin Type
7.2.5.2.4 Market size and forecast, by End-Use Industry
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Product Type
7.2.5.3.3 Market size and forecast, by Resin Type
7.2.5.3.4 Market size and forecast, by End-Use Industry
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product Type
7.3.3 Europe Market size and forecast, by Resin Type
7.3.4 Europe Market size and forecast, by End-Use Industry
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Product Type
7.3.5.1.3 Market size and forecast, by Resin Type
7.3.5.1.4 Market size and forecast, by End-Use Industry
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Product Type
7.3.5.2.3 Market size and forecast, by Resin Type
7.3.5.2.4 Market size and forecast, by End-Use Industry
7.3.5.3 UK
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Product Type
7.3.5.3.3 Market size and forecast, by Resin Type
7.3.5.3.4 Market size and forecast, by End-Use Industry
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Product Type
7.3.5.4.3 Market size and forecast, by Resin Type
7.3.5.4.4 Market size and forecast, by End-Use Industry
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Product Type
7.3.5.5.3 Market size and forecast, by Resin Type
7.3.5.5.4 Market size and forecast, by End-Use Industry
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product Type
7.4.3 Asia-Pacific Market size and forecast, by Resin Type
7.4.4 Asia-Pacific Market size and forecast, by End-Use Industry
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Product Type
7.4.5.1.3 Market size and forecast, by Resin Type
7.4.5.1.4 Market size and forecast, by End-Use Industry
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Product Type
7.4.5.2.3 Market size and forecast, by Resin Type
7.4.5.2.4 Market size and forecast, by End-Use Industry
7.4.5.3 India
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Product Type
7.4.5.3.3 Market size and forecast, by Resin Type
7.4.5.3.4 Market size and forecast, by End-Use Industry
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Product Type
7.4.5.4.3 Market size and forecast, by Resin Type
7.4.5.4.4 Market size and forecast, by End-Use Industry
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Product Type
7.4.5.5.3 Market size and forecast, by Resin Type
7.4.5.5.4 Market size and forecast, by End-Use Industry
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product Type
7.5.3 LAMEA Market size and forecast, by Resin Type
7.5.4 LAMEA Market size and forecast, by End-Use Industry
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Product Type
7.5.5.1.3 Market size and forecast, by Resin Type
7.5.5.1.4 Market size and forecast, by End-Use Industry
7.5.5.2 South Arabia
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Product Type
7.5.5.2.3 Market size and forecast, by Resin Type
7.5.5.2.4 Market size and forecast, by End-Use Industry
7.5.5.3 South Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Product Type
7.5.5.3.3 Market size and forecast, by Resin Type
7.5.5.3.4 Market size and forecast, by End-Use Industry
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Product Type
7.5.5.4.3 Market size and forecast, by Resin Type
7.5.5.4.4 Market size and forecast, by End-Use Industry
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.5. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1 Solvay
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Hexcel Corporation
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 SGL Carbon
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 Momentive
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 ST Advanced Composites
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 TEIJIN LIMITED
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 Toray Industries, Inc.
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 Huntsman International LLC
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 DuPont
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 Owens Corning
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Advanced composites Market,' The advanced composites market was valued at $34.0 billion in 2021, and is estimated to reach $88.7 billion by 2031, growing at a CAGR of 10.2% from 2022 to 2031.Advanced composites are lightweight materials that are primarily utilized in the interiors and under the hoods of trucks, cars, and other vehicles. Since advanced composites are the preferable material for reducing vehicle weight, they are used in numerous interior and exterior automotive applications. The usage of advanced composite materials in the automotive industry has increased in the past few years due to its excellent dimensional stability. Properties of advanced composites such as shape retention, low coefficient of thermal expansion, resistance to corrosion for the performance in dry and wet conditions, ease of manufacturing, and low weight to reduce overall vehicle mass make them preferred materials.
High demand for advanced composites across various end-use industries
Advanced composite materials are compounds that, when compared to other materials, exhibit extremely high strength fibers with unusually high stiffness, or modulus of elasticity, all while being linked by weaker bond. It can be tailor-made to deliver strength and stiffness in specific directions or certain areas depending on the use case. Due to the nearly limitless possibilities and versatility, material engineers and designers have the freedom and creativity to create new material combinations to uniquely serve new applications. Due to their vast versatility, polymer composites are already used in a variety of different industries such as marine, thermoplastic, construction, medical, aerospace & aircrafts and utility among the other and additionally, more applications for new industries continue to be discovered.
In marine industry, structural hull panels, decking, stringers, sail battens, cabinetry, door panels, mast structures, and anchor pins can all be made with advanced composites. Glass fiber-reinforced polyester is the most prevalent composite used in boats and ships while aramid fiber reinforcement is used in key areas of high-performance sailboats, such as the bow and keel sections. Advanced composites are resistant to the elements and corrosive saltwater, provide high strength and stiffness, and dampen noise and vibration for a smoother ride.
Furthermore, in thermoplastic industry, advanced composites are used in several vehicle parts, including structural components, under the hood and interior components, doors, seats, enclosures, bumper reinforcement, and body panels. Using composite material in automobiles can lower tooling costs and improve design flexibility for manufacturers while improving fuel efficiency and the overall driving experience for the consumer by reducing noise and vibration.
Moreover, in utility sector, traditional wood and metal utility poles and cross arms are increasingly being replaced by advanced composites as they are non-conductive, durable, and lighter weight than wood or steel, which makes them easier to install. Glass fiber-reinforced composites are also used in other electrical transmission and distribution applications such as insulators, arresters, and pole line hardware. In all instances, advanced composites enhance performance thanks to their resistance to corrosion, heat, weather, and flame. Thus, the high demand for advanced composites across various end-use industries notably contributes toward the growth of the advanced composite market.
The advanced composite market is segmented on the basis of product type, resin type, end-use industry and region. On the basis of product type, the advanced composite market is segmented into aramid fiber composites, carbon fiber composites and glass fiber composites. On the basis of resin type, advanced composite market is segmented into thermosets and thermoplastic. On the basis of end-use industry, advanced composite market is segmented into aerospace & defense, thermoplastic, electrical and electronic, wind energy, sporting goods, marine, medical and others. The regional market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Toray Industries, Inc., Koninklijke Ten Cate NV, Teijin Limited, Hexcel Corporation, SGL Group, Cytec Solvay Group, Owens Corning, E. I. Dupont De Nemours, Huntsman Corporation, Momentive Performance Materials Inc. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares
COVID-19 Impact Analysis
Several chemical manufacturing companies have either shut down or shrunk their operations due to the risk of infections among the workforce where advanced are widely used for chemical synthesis and other applications. This has temporarily hampered the demand for the advanced market amid the COVID-19 period.
Key findings of the study
On the basis of product type, the carbon fiber composites segment emerged as the global leader by acquiring around 60.5% of the global market share in 2021, and is anticipated to grow at the highest CAGR during the forecast period.Based on resin type, the thermoplastic resin segment emerged as the global leader by acquiring around 58.0% of the global market share in 2021.
On the basis of end-use industry, the aerospace and defense segment registered the highest market share of around 60.1%, and is projected to maintain the same during the forecast period.
Asia-Pacific is the biggest consumer of advanced composites among all regions. It accounted for around 39.3% of the global market share in 2021 as a result of a huge consumer base and an increase in demand for advanced composites in the region.
Companies Mentioned
- Solvay
- Hexcel Corporation
- Sgl Carbon
- Momentive
- St Advanced Composites
- Teijin Limited
- Toray Industries, Inc.
- Huntsman International LLC
- Dupont
- Owens Corning
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 373 |
| Published | November 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 34 billion |
| Forecasted Market Value ( USD | $ 88.7 billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
