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Composites Market by Fiber Type (Glass, Carbon), Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Layup, Filament Winding, Pultrusion), Application (Transportation, Aerospace & Defense, Wind Energy), Region - Global Forecast to 2022

Composites Market by Fiber Type (Glass, Carbon), Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Layup, Filament Winding, Pultrusion), Application (Transportation, Aerospace & Defense, Wind Energy), Region - Global Forecast to 2022

The composites market is estimated to reach USD 115.43 billion by 2022, at a CAGR of 8.13% between 2017 and 2022. Increasing use of composites in the aerospace & defense, transportation, wind energy, construction & infrastructure, and pipes & tanks applications is driving the growth of the composites market across the globe. However, the high processing and manufacturing costs of composites and lack of standardization in the composite manufacturing technologies are some of the factors expected to restrain the growth of the composites market during the forecast period.

“In terms of value, the aerospace & defense application segment is projected to lead the composites market during the forecast period.”
The aerospace & defense application is projected to lead the composites market during the forecast period. The growth of this application segment of the composites market can be attributed to increased use of composites in the aircraft structures. Composites used in various aircraft structures such as wings, fuselage, aircraft interiors, etc. as they can survive extreme operating conditions such as high stress, shocks, and impact loads. Thus, there is an increase in the demand for composites for making new generation aircraft such as Airbus A350 XWB and A320neo and the Boeing 787 and 737 MAX.

“The Asia-Pacific composites market is projected to grow at the highest CAGR in terms of volume between 2017 and 2022.”
The Asia-Pacific region is the largest consumer of composites in the world, followed by the North American region. It is also expected to be the most promising market for composites in the next five years. Rapid industrialization and urbanization in the region have led to increased use of composites in the aerospace & defense, construction & infrastructure, wind, pipes & tanks, and transportation applications. China is the largest market for composites in the Asia-Pacific region due to the rapidly growing manufacturing sector in the country.

In the process of determining and verifying the sizes gathered through secondary research for the composites market, its segments and subsegments, extensive primary interviews have been conducted. The breakdown of these primary interviews has been given as follows:-

• By Company Type: Tier 1—10%, Tier 2—25%, and Tier 3—65%.
• By Designation: C-level—10%, Director Level—30%, and Others—60%
• By Region: North America—20%, Europe—15%, Asia-Pacific—45%, Latin America—11%, and the Middle East & Africa—9%

Composites are also being used in various other applications such as sporting goods, consumer goods, healthcare, etc. They are being used for manufacturing skis, snowboards, golf clubs, archery bows, fishing rods, racquets, stacking chairs, etc.

The various key players profiled in the report are as follows:
1. Solvay (Belgium)
2. Koninklijke Ten Cate bv (Netherlands)
3. Huntsman Corporation, LLC (U.S.)
4. Toray Industries, Inc. (Japan)
5. Teijin Limited (Japan)
6. Owens Corning (U.S.)
7. Hexcel Corporation (U.S.)
8. SGL Group (Germany)
9. Weyerhaeuser (U.S.)
10. Chongqing Polycomp International Corporation (China)
11. Jushi Group (China)

The report is expected to help the market leaders/new entrants in the composites market in the following ways:
1. This report segments the composites market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different verticals and regions.
2. The report is expected to help the stakeholders to understand the pulse of the market and provides them information on the key market drivers, restraints, challenges, and opportunities.
3. This report is expected to help the stakeholders to understand the competitors and gain insights to enhance their positions in the composites market. The competitive landscape section includes the ecosystem of competitors, investments & expansions, new product launches, and agreements.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • PACKAGE SIZE
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • COMPOSITES MARKET SIZE, 2017 VS. 2022 (KILOTON)
    • COMPOSITES MARKET GROWTH, BY MANUFACTURING PROCESS
    • WIND ENERGY SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE COMPOSITES MARKET IN 2016
    • COMPOSITES MARKET GROWTH, BY COUNTRY
    • COMPOSITES MARKET SIZE, BY APPLICATION, 2017 VS. 2022
  • MARKET OVERVIEW
    • INTRODUCTION
    • EVOLUTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table EU: CO2 EMISSIONS STANDARDS FOR NEW PASSENGER CARS, (G/KM)
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • MACRO ECONOMIC OVERVIEW AND KEY TRENDS
    • INTRODUCTION
    • TRENDS AND FORECAST OF GDP
      • Table TRENDS AND FORECAST OF GDP, 2017–2022 (USD BILLION)
    • PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND
      • Table PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND, 2016
    • TRENDS AND FORECAST OF THE CONSTRUCTION INDUSTRY
      • Table CONSTRUCTION INDUSTRY IN NORTH AMERICA, 2015–2022 (USD BILLION)
      • Table CONSTRUCTION INDUSTRY IN EUROPE, 2015–2022 (USD BILLION)
      • Table CONSTRUCTION INDUSTRY IN ASIA-PACIFIC, 2015–2022 (USD BILLION)
      • Table CONSTRUCTION INDUSTRY IN MIDDLE EAST, 2015–2022 (USD BILLION)
      • Table CONSTRUCTION INDUSTRY IN LATIN AMERICA, 2015–2022 (USD BILLION)
    • TRENDS IN THE WIND ENERGY INDUSTRY
      • Table WIND ENERGY INSTALLATION, MW (2015–2016)
    • TRENDS IN THE AEROSPACE INDUSTRY
      • Table MARKET OF NEW AIRPLANES, 2016
    • TRENDS IN THE AUTOMOTIVE INDUSTRY
      • Table AUTOMOTIVE PRODUCTION, MILLION UNITS (2011-2016)
  • COMPOSITES MARKET, BY FIBER TYPE
    • INTRODUCTION
      • Table COMPOSITES MARKET SIZE, BY FIBER TYPE, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE, BY FIBER TYPE, 2015–2022 (KILOTON)
    • CARBON FIBER COMPOSITES
      • Table CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • GLASS FIBER COMPOSITES
      • Table GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • OTHER FIBER COMPOSITES
      • Table OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table OTHERS FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
  • COMPOSITES MARKET, BY RESIN TYPE
    • INTRODUCTION
      • Table COMPOSITES MARKET SIZE, BY RESIN TYPE, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE, BY RESIN TYPE, 2015–2022 (KILOTON)
    • THERMOSET COMPOSITES
      • POLYESTER RESIN
      • VINYL ESTER RESIN
      • EPOXY RESIN
      • POLYURETHANE RESIN
      • OTHERS
        • Table THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
        • Table THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • THERMOPLASTIC COMPOSITES
      • POLYCARBONATES (PC)
      • POLYPHENYLENE SULFIDE (PPS)
      • POLYETHERIMIDE (PEI)
      • POLYETHER ETHER KETONE (PEEK)
      • OTHERS
        • Table THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
        • Table THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
  • COMPOSITES MARKET, BY MANUFACTURING PROCESS
    • INTRODUCTION
      • Table COMPARATIVE STUDY OF THE MAJOR COMPOSITE MANUFACTURING PROCESSES
      • Table COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2015–2022 (KILOTON)
    • LAYUP PROCESS
      • Table LAYUP PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table LAYUP PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • FILAMENT WINDING PROCESS
      • Table FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • INJECTION MOLDING PROCESS
      • Table INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • PULTRUSION PROCESS
      • Table PULTRUSION PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table PULTRUSION PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • COMPRESSION MOLDING PROCESS
      • Table COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • RESIN TRANSFER MOLDING PROCESS
      • Table RTM PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table RTM PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • OTHER PROCESSES
      • Table OTHER PROCESSES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table OTHER PROCESSES MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
  • COMPOSITES MARKET, BY APPLICATION
    • INTRODUCTION
      • Table COMPOSITES MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON)
    • TRANSPORTATION
      • Table COMPOSITES MARKET SIZE IN THE TRANSPORTATION APPLICATION, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE IN THE TRANSPORTATION APPLICATION, BY REGION, 2015–2022 (KILOTON)
    • AEROSPACE & DEFENSE
      • Table DEMAND FOR NEW AIRPLANES, BY REGION, 2016 TO 2035
      • Table COMPOSITES MARKET SIZE IN THE AEROSPACE & DEFENSE APPLICATION, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE IN THE AEROSPACE & DEFENSE APPLICATION, BY REGION, 2015–2022 (KILOTON)
    • ELECTRICAL & ELECTRONICS
      • Table COMPOSITES MARKET SIZE IN THE ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE IN THE ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2015–2022 (KILOTON)
    • WIND ENERGY
      • Table GERMANY: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2016 (MW)
      • Table FRANCE: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2016 (MW)
      • Table U.K.: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2016 (MW)
      • Table EUROPE: ANNUAL WIND ENERGY INSTALLATIONS, 2016 (MW)
      • Table ASIA-PACIFIC: ANNUAL WIND ENERGY INSTALLATIONS, 2016 (MW)
      • Table COMPOSITES MARKET SIZE IN THE WIND ENERGY APPLICATION, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE IN THE WIND ENERGY APPLICATION, BY REGION, 2015–2022 (KILOTON)
    • CONSTRUCTION & INFRASTRUCTURE
      • Table COMPOSITES MARKET SIZE IN THE CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE IN THE CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY REGION, 2015–2022 (KILOTON)
    • PIPES & TANKS
      • Table COMPOSITES MARKET SIZE IN THE PIPES & TANKS APPLICATION, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE IN THE PIPES & TANKS APPLICATION, BY REGION, 2015–2022 (KILOTON)
    • MARINE
      • Table COMPOSITES MARKET SIZE IN THE MARINE APPLICATION, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE IN THE MARINE APPLICATION, BY REGION, 2015–2022 (KILOTON)
    • OTHER APPLICATIONS
      • Table COMPOSITES MARKET SIZE IN THE OTHER APPLICATIONS, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE IN THE OTHER APPLICATIONS, BY REGION, 2015–2022 (KILOTON)
  • COMPOSITES MARKET, BY REGION
    • INTRODUCTION
      • Table COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPOSITES MARKET SIZE, BY REGION, 2015–2021 (KILOTON)
    • NORTH AMERICA
      • U.S.
        • Table U.S.: NEW WIND ENERGY INSTALLATIONS, 2010–2016, (MW)
      • CANADA
        • Table NORTH AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
        • Table NORTH AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON)
    • EUROPE
      • GERMANY
        • Table GERMANY: NEW WIND ENERGY INSTALLATIONS, 2010–2016 (MW)
      • FRANCE
      • U.K.
      • ITALY
      • AUSTRIA
      • THE NETHERLANDS
      • POLAND
      • SWEDEN
      • SPAIN
      • RUSSIA
      • TURKEY
        • Table EUROPE: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
        • Table EUROPE: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON)
    • ASIA-PACIFIC
      • CHINA
        • Table CHINA: NEW WIND ENERGY INSTALLATIONS, 2010–2016 (MW)
      • JAPAN
      • INDIA
        • Table INDIA: NEW WIND ENERGY INSTALLATIONS, 2010–2016 (MW)
      • SOUTH KOREA
      • AUSTRALIA & NEW ZEALAND
      • MALAYSIA
      • SINGAPORE
        • Table ASIA-PACIFIC: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
        • Table ASIA-PACIFIC: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON)
    • MIDDLE EAST & AFRICA (ME&A)
      • THE UAE
      • SOUTH AFRICA
        • Table ME&A: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
        • Table ME&A: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON)
    • LATIN AMERICA
      • BRAZIL
        • Table BRAZIL: NEW WIND ENERGY INSTALLATIONS, 2010–2016 (MW)
      • MEXICO
      • ARGENTINA
        • Table LATIN AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
        • Table LATIN AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE LEADERSHIP MAPPING, 2016
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS)
      • BUSINESS STRATEGY EXCELLENCE (25 PLAYERS)
    • MARKET SHARE ANALYSIS
  • COMPANY PROFILES
    • OWENS CORNING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • TORAY INDUSTRIES, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • TEIJIN LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • MITSUBISHI CHEMICAL HOLDINGS CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SGL GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • NIPPON ELECTRIC GLASS CO. LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • KONINKLIJKE TEN CATE BV
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • HUNTSMAN INTERNATIONAL LLC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SOLVAY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • HEXCEL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • HEXION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • E. I. DU PONT NEMOURS & CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • WEYERHAEUSER COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • CHONGQING POLYCOMP INTERNATIONAL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • JUSHI GROUP CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • OTHERS
      • BASF SE
      • GURIT
      • DOWAKSA
      • HONEYWELL INTERNATIONAL INC.
      • RENEGADE MATERIALS CORPORATION
      • KINECO KAMAN COMPOSITES – INDIA PRIVATE LIMITED
      • HENKEL AG & CO. KGAA
      • UPM BIOCOMPOSITES
      • TREX COMPANY, INC.
      • GAFFCO BALLISTICS
      • BINANI INDUSTRIES LTD.
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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