Market Research Logo

High Performance Composites


Attention: There is an updated edition available for this report.

US demand to grow 15% annually through 2016
US demand for high performance composites-- polymer materials containing advanced fiber reinforcements -- is forecast to grow 15 percent per year to$10.3 billion in 2016. Advances will represent a considerable improvement over the pedestrian growth of the 2006-2011 period, during which time composite demand was hampered by a weak aerospace market and declines in military applications. Going forward, highperformance composite demand will be aided by strong growth in the commercial airliner market, as well as emerging opportunities in applications such as wind turbines and pressure vessels. However,the high cost and labor-intensive productionof advanced composites compared to competitive materials will prevent these materials from penetrating more high volumeand price-sensitive applications.

High performance composites are highstrength, high stiffness materials that feature lighter weight and better durability than aluminum and other metals.  Historically, these composites have been confined to military uses and high-endsporting goods due to their much higher prices compared to conventional glassfibercomposites and metals. However,better production processes, the developmentof lower-cost carbon fibers, and a greater focus on lighter-weight componentshave allowed advanced composites to attract more widespread attention.

Aerospace, wind turbine markets to see best growth
Aerospace markets will remain theleading outlet for high performance composites in 2016, and will be by far the fastest-growing market. While composites have long been used in military aircraft and helicopters, they are beginningto penetrate the commercial airlinersegment on a large scale as well. Inparticular, the production ramp up of theBoeing 787 DREAMLINER, which hasmore than 50 percent composite content,will stimulate the bulk of gains in high performance composite demand. Rising production of other composite-intensive aircraft, such as the Airbus A380 andA350 XWB, will also benefit demand.

Outside of the aerospace applications, astrong area of growth for high performance composites is the burgeoning wind energy market. In wind energy, advances will be fueled by rising wind turbine installations as states seek to meet renewable energy generation standards,as well as increased use of carbon fiber composites. Much slower growth is expected for defense and safety applications-- due to reduction of combat forces in Iraq and Afghanistan -- and the highly mature sporting goods market. The motor vehicle market, which holds perhaps the greatest potential for high performance composites, will see only moderate gains in demand, as widescale, large-volume use of automotive composites will continueto be restrained by high cost and slow production speeds.

Carbon fiber composites to remain dominant.  Among product types, carbon fiber composites will continue to account for the largest portion of demand, totaling 84percent of the high performance market in 2016. Carbon fiber composites will benefit from robust growth in the aerospace market, as well as their versatility,good balance of mechanical properties,and moderate cost compared with other high performance composites. S-glass fiber composites -- the lowest-priced of all advanced composites -- will also see double-digit gains in demand, fueled by opportunities in aerospace, wind energy,and pressure vessel markets. More moderate gains are forecast for composites based on aramid and other fibers,restrained by the slower-growing defenseand safety composites market.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table HIGH PERFORMANCE COMPOSITE DEMAND (million dollars)
  • MARKET ENVIRONMENT
    • General
    • Macroeconomic Overview
      • Table MACROECONOMIC INDICATORS (billion 2005 dollars)
    • Consumer Income & Spending
      • Table PERSONAL CONSUMPTION EXPENDITURES (billion dollars)
    • Manufacturing Outlook
      • Table MANUFACTURERS' SHIPMENTS (billion dollars)
    • Fiber-Reinforced Plastics Outlook
      • Table FIBER-REINFORCED PLASTICS DEMAND
    • Technology
      • Composites Overview
      • Composite Processing
    • Competitive Materials
    • Regulatory Issues
    • Recycling
    • Historical Market Trends
      • Table HIGH PERFORMANCE COMPOSITE DEMAND, 2001-2011
    • Pricing Trends
      • Table HIGH PERFORMANCE COMPOSITE PRICING (dollars per pound)
    • Foreign Trade
    • International Activity
      • Table WORLD HIGH PERFORMANCE COMPOSITE DEMAND BY REGION (million dollars)
  • FIBERS
    • General
      • Table HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
    • Fiber Materials
      • Table FIBER DEMAND IN HIGH PERFORMANCE COMPOSITES (million pounds)
    • Carbon Fiber
      • Materials
        • Table CARBON FIBER DEMAND IN COMPOSITES BY SIZE & PROCESS (million pounds)
      • Producers
        • Table CARBON FIBER PRODUCTION CAPACITY BY COMPANY, YEAR-END 2011 (million pounds)
      • Composites
        • Table CARBON FIBER HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)
    • S-Glass
      • Materials
        • Table S-GLASS FIBER DEMAND IN HIGH PERFORMANCE COMPOSITES (million pounds)
      • Producers
      • Composites
        • Table S-GLASS FIBER HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)
    • Aramid Fiber
      • Materials
        • Table ARAMID FIBER DEMAND IN HIGH PERFORMANCE COMPOSITES (million pounds)
      • Producers
      • Composites
        • Table ARAMID FIBER HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)
    • Other Fibers
      • Materials
        • Table OTHER FIBER DEMAND IN HIGH PERFORMANCE COMPOSITES
      • Producers
      • Composites
        • Table OTHER FIBER HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)
  • MARKETS
    • General
      • Table HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)
    • Aerospace
      • Aerospace Industry Outlook
        • Table AEROSPACE EQUIPMENT SHIPMENTS
      • High Performance Composite Demand
        • Table AEROSPACE MARKET FOR HIGH PERFORMANCE COMPOSITES BY SECTOR, FIBER, & RESIN (million dollars)
        • Table COMMERCIAL AIRLINER HIGH PERFORMANCE COMPOSITE DEMAND BY MANUFACTURER & FIBER (million dollars)
        • Table MILITARY AIRCRAFT HIGH PERFORMANCE COMPOSITE DEMAND BY SEGMENT & FIBER (million dollars)
        • Table OTHER AEROSPACE HIGH PERFORMANCE COMPOSITE DEMAND BY SEGMENT & FIBER (million dollars)
    • Industrial & Automotive
      • Table INDUSTRIAL & AUTOMOTIVE MARKETS FOR HIGH PERFORMANCE COMPOSITES BY SEGMENT, FIBER, & RESIN (million dollars)
      • Industrial
        • Table INDUSTRIAL HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
      • Motor Vehicles
        • Table MOTOR VEHICLE INDICATORS
        • Table MOTOR VEHICLE HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
      • Pressure Vessels
        • Table PRESSURE VESSEL HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
    • Defense & Safety
      • Government & Defense Spending Outlook
        • Table GOVERNMENT & DEFENSE EXPENDITURES (billion dollars)
      • High Performance Composite Demand
        • Table DEFENSE & SAFETY MARKETS FOR HIGH PERFORMANCE COMPOSITES BY SEGMENT, FIBER, & RESIN (million dollars)
    • Energy
      • Table ENERGY MARKETS FOR HIGH PERFORMANCE COMPOSITES BY SEGMENT, FIBER, & RESIN (million dollars)
      • Wind Energy
        • Table WIND ENERGY INDICATORS
        • Table WIND ENERGY HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
      • Oil & Gas
        • Table OIL & GAS DRILLING INDICATORS
        • Table OIL & GAS HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
    • Consumer
      • Table CONSUMER MARKETS FOR HIGH PERFORMANCE COMPOSITES BY SEGMENT, FIBER, & RESIN (million dollars)
      • Sporting Goods
        • Table SPORTING GOODS SHIPMENTS
        • Table SPORTING GOODS HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
      • Marine
        • Table RECREATIONAL BOATING SHIPMENTS (million dollars)
        • Table MARINE HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
      • Medical & Other
        • Table MEDICAL PRODUCTS & EQUIPMENT DEMAND (billion dollars)
        • Table MEDICAL & OTHER CONSUMER HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
    • Construction & Other
      • Table CONSTRUCTION & OTHER MARKETS FOR HIGH PERFORMANCE COMPOSITES BY SEGMENT, FIBER, & RESIN (million dollars)
      • Construction
        • Table NONBUILDING CONSTRUCTION EXPENDITURES (billion dollars)
        • Table CONSTRUCTION HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
      • All Other
        • Table ALL OTHER HIGH PERFORMANCE COMPOSITE DEMAND BY FIBER (million dollars)
  • RESINS
    • General
      • Table HIGH PERFORMANCE COMPOSITE DEMAND BY RESIN (million dollars)
    • Epoxy
      • Table EPOXY HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)
    • Thermoplastics
      • Table THERMOPLASTIC HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)
    • Polyester
      • Table POLYESTER HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)
    • Phenolics
      • Table PHENOLIC RESIN HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)
    • Other
      • Table OTHER RESIN HIGH PERFORMANCE COMPOSITE DEMAND BY MARKET (million dollars)
  • INDUSTRY STRUCTURE
    • General
      • Table US HIGH PERFORMANCE COMPOSITE INDUSTRY SALES BY COMPANY, 2011
    • Market Share
    • Acquisitions & Divestitures
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Marketing & Distribution
    • Research & Development
    • Competitive Strategies
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Company Profiles
      • AGY Holding Corporation
      • Albany International Corporation
      • Aldila Incorporated
      • Alliant Techsystems Incorporated
      • Argosy International Incorporated
      • Automated Dynamics
      • Barrday Corporation
      • Boeing Company
      • Cytec Industries Incorporated
      • DuPont (EI) de Nemours
      • Fiberforge Corporation
      • GKN plc
      • Hexcel Corporation
      • Honeywell International Incorporated
      • Huntsman Corporation
      • LCOA Composites Incorporated
      • Mitsubishi Rayon Company Limited
      • Momentive Performance Materials Holdings LLC
      • Owens Corning
      • Park Electrochemical Corporation
      • Plasan Carbon Composites Incorporated
      • Polystrand Incorporated
      • Premix Incorporated
      • Royal DSM NV
      • Royal Ten Cate NV
      • SAERTEX GmbH & Company KG
      • Saudi Basic Industries Corporation
      • SGL Carbon SE
      • Spirit AeroSystems Holdings Incorporated
      • Teijin Limited
      • Toray Industries Incorporated
      • TPI Composites Incorporated
      • Triumph Group Incorporated
      • Umeco plc
      • Victrex plc
      • Zoltek Corporation

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report