
Composites Market Size, Share, Trends, Growth, Outlook, and Insights Report, 2023- Industry Forecasts by Type, Application, Segments, Countries, and Companies, 2018- 2030
Description
Composites Market Size, Share, Trends, Growth, Outlook, and Insights Report, 2023- Industry Forecasts by Type, Application, Segments, Countries, and Companies, 2018- 2030
The Composites market is a large and high-potential growth industry. In 2023, the market is poised to register positive year-on-year growth over 2022. Further, the Composites market size maintains a super-linear growth trajectory, registering continuous expansion from 2023 to 2030.
As we enter the late half of 2023, the Composites industry is poised for significant growth and transformation. The “Composites Market Size, Share, Trends, Growth, Outlook, and Insights Report, 2023- Data Forecasts by Type, Application, Segments, Countries, and Companies, 2018- 2030” report details the definition and advantages of Composites .
Overview of the Composites Industry in 2023
The accelerating development of the industry is driven by a widening application base, R&D investment in new product development, competitive strategies focusing on expanding into niche segments, and potential growth prospects for Composites Companies in developing countries.
The Composites Insights Report provides key market size and share outlook, short-term and long-term trends, potential opportunities, analytical models, current market conditions, scenario analysis, post-COVID analysis, competitive landscape, company profiles, and market news and developments.
Composites Market Size, Share, and Trend Analysis
The global Composites market plays a major role in the global chemicals and materials industry. The report provides a comprehensive and in-depth analysis of different segments across the industry.
Further, potential types, applications, products, and other Composites segments are analyzed in the market study.
- Composites Market Statistics- Current status of the Composites industry and the key statistics for 2023 are provided in detail.
- Strategic Analysis of Composites Industry- Competitive analysis, vendor landscape, SWOT profiles, and product profiles are included.
- Market Trends and Insights- The Composites Insights report provides a detailed examination of key market trends, drivers, and their impact on demand. Further, the increasing importance of Composites across industries is discussed.
- Market Developments- Mergers, acquisitions, product launches, capacity expansion plans, and other developments announced by leading Composites companies are included in the study.
- Composites Market Opportunities- Potential growth opportunities and quantitative comparison of different segments to provide an assessment of diverse opportunities in the industry.
- Regional analysis- Further, a geographical analysis of the Composites industry, highlighting key markets and their growth prospects is included. The market size across six regions including North America, Asia Pacific, Europe, South America, the Middle East, and Africa is forecast to 2030.
The Composites insights report uses multiple analytical frameworks for analyzing the global Composites industry. The tools include- Industry SWOT, Porter’s Five Forces Analysis, PESTLE analysis, scenario analysis, and others.
Industry SWOT- The report identifies the key strengths, weaknesses, opportunities, and threats facing the global markets in 2023 and beyond.
Scenario analysis- 4 scenarios for the long-term future based on the global economy are analyzed.
Porter’s Five Forces Analysis- The report quantifies Porter’s five forces analysis to assess the market attractiveness using the weighted average of the Bargaining power of buyers, Bargaining power of suppliers, Threat of substitutes, Threat of new entrants, and intensity of competitive rivalry.
PESTLE Analysis- Six segments of the general environment surrounding the Composites industry including political, economic, social, technological, environmental, and legal factors are briefed.
Future Composites Growth Outlook and Opportunities
The chapter provides a detailed analysis of market size, growth rate, revenue trends, and volume analysis over the historical period from 2018 up to 2022. Projection of the future growth prospects and opportunities in the Composites industry along with insights into each of the potential market segments is included in the study. Further, the evaluation of factors driving market growth across markets is provided. In addition, the latest technological advancements and an analysis of the impact of these advancements on the performance, reliability, and efficiency of products are included.
Market Dynamics- Impact Analysis and Post-COVID Outlook of Composites Industry
Optimistic economic conditions are observed in H2-2023 across multiple scenarios. The current edition of the Composites Market Study identifies brighter views for 2023 and an increasingly optimistic global outlook over the forecast period.
However, the market is also constrained by challenges of geopolitical instability and conflicts with the Russia-Ukraine war and inflation conditions in the US and other markets, and rising interest rates continue to restrain the market growth prospects.
The four case scenarios considered for countries in the study are -
- Sluggish economic growth, with emphasis on savings and low expenditure
- Despite growth fluctuations, consumer confidence remains robust and gains continue for companies
- Investments in technology deployment and productive investments
- Stronger consumer demand and higher investments supporting solid growth
According to the World Bank, over 85% of the world’s population lives in the Asia Pacific, the Middle East and Africa (MEA), or South America. An increasing volume of companies are expanding their production and marketing bases to these countries as the consumption power of individuals continues to strengthen.
Several new market entrants are targeting niche economically attractive Composites segments when expanding into these markets. We anticipate the Composites sales growth in developing countries to continue to accelerate rapidly over the forecast period.
North America Composites Industry: Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The past few quarters have been encouraging for North American Composites market suppliers. A large number of Composites companies are reporting profitability after several quarters of margin declines. Focus on increasing operational efficiency, capturing niche market opportunities, and others are widely observed. The North American Composites industry research identifies the key market trends, driving forces, and growth opportunities across 3 countries including the United States, Canada, and Mexico markets.
Europe Composites Industry: Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Leading European Composites companies are focusing on customer orientation, sustainable supply chains, and economic value creation to succeed in long-term market conditions. As Asian manufacturers enter the European markets, the region’s chemicals and materials sector is undergoing a paradigm shift. The European Composites industry is also facing the significant impact of the Russia-Ukraine war. The insights report analyzes the Western European Composites countries including Germany, France, Spain, the United Kingdom, Italy, and other European countries including Russia, Turkey, and others.
Asia Pacific Composites Industry: Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Economic growth and shifting consumer preferences are set to shape the future of the Asia Pacific Composites industry. Leading companies in China, India, Japan, South Korea, Australia, Indonesia, South East Asia, and other regions are focusing on rapid business expansion through new product launches. The Composites insights report provides the market size outlook across these countries from 2018 to 2030.
South America Composites Industry: Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
South American countries including Brazil, Argentina, Chile, and others continue to demonstrate robust value-creation potential through 2030. Both traditional players and new start-ups are spending more on expanding products to niche consumer segments. Increasing urbanization, infrastructure development, and improving disposable incomes are likely to drive the market outlook over the forecast period.
Middle East and Africa Composites Industry: Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The Middle East and African regions have a growing population, increasing urbanization, and improving standards of living, all of which contribute to the rising Composites demand. Further, Sustainability and environmental concerns are gaining prominence in the GCC region. In Africa, vehicle sales continued an upward trend and the rapid growth in infrastructure in the African region enables Composites companies to generate significant business growth in the medium to long-term future.
Competitive Insights
The landscape of the industry is shifting, moving away from traditional competition between peers and embracing new forms of competitive interactions. There is an increasing trend among companies from building products to building businesses. Companies are investing in developing new growth opportunities with market leaders increasingly focused on building and scaling up new businesses.
The Composites insights report provides a competitive analysis of the industry in 2023
. The business profiles of the leading 10 companies are profiled in the study along with their SWOT profile, financials, products and services, and market developments. In addition, an evaluation of the competitive landscape, including major players, market share, and strategies adopted by key manufacturers is provided in the research study. The report also identifies the most prominent challenges and potential growth barriers faced by leading companies.
Report scope
- Data for 13 years: Historic data from 2018 to 2022 and industry forecasts from 2023 to 2030
- 3 Parameters- Value, Volume, and Pricing Data
- 6 Regions- Asia Pacific, Europe, North America, South America, Middle East, Africa
- 27 Countries: United States, Canada, Mexico, Germany, France, Spain, United Kingdom, Italy, Russia, Turkey, Rest of Europe, China, India, Japan, South Korea, Australia, Indonesia, South East Asia, Saudi Arabia, United Arab Emirates, Rest of Middle East, South Africa, Egypt, Rest of Africa, Brazil, Argentina, Other South America
- 10 Companies- Leading companies with detailed profiles
- 5 Models- Scenario analysis, Porter’s five forces, Industry SWOT, Pricing analysis, PESTLE
- 8 Market Dynamics- Trends, Drivers, Growth Restraints, Opportunities
- Impact of market developments including the Russia- Ukraine War, inflation across countries, supply-chain conditions, labor-market pressures, recession, trade, and other global factors
- Pricing Analysis across types, applications, and countries for 2023 and industry Forecasts to 2030
- chemicals and materials industry trends and market forecasts
- Driving forces supporting the Composites sales in each of the 24 countries
- Complimentary Excel spreadsheet and print authentication for a single-user license
1. What are the key regions in the global Composites industry?
2. Who are the major companies or key players operating in the global Composites industry?
3. What has been the impact of COVID-19 on the global Composites industry?
4. What is the projected compound annual growth rate (CAGR) of the global Composites market size for the period 2023-2028
5. What are the key factors driving the growth of the global Composites industry?
6. How is the global Composites industry segmented based on product types?
7. What are the emerging trends and opportunities in the global Composites industry?
8. What are the challenges and obstacles faced by the global Composites market?
9. What are the competitive landscape and strategies of global Composites companies?
10. What are the innovations and advancements in product development within the global Composites industry?
11. What are the strategies adopted by key players in the global Composites market to maintain a competitive edge?
12. How is the global Composites industry expected to evolve in terms of demand and market dynamics in the coming years?
Table of Contents
180 Pages
- 1 Foreword
- 2 Executive Summary
- 2.1 Key Findings, 2023
- 2.2 Market Overview
- 2.3 Market Highlights
- 3 Report Guide
- 3.1 Study Scope and Objectives
- 3.2 Market Segmentation
- 3.3 Methodology and Sources
- 3.4 Primary and Secondary Data Sources
- 3.5 Market Estimation- Data Triangulation
- 3.6 Forecast Methodology
- 3.7 Key Assumptions
- 4 Introduction
- 4.1 Market Definition and Evolution
- 4.2 Historical Market Size and Trends, 2018- 2022
- 4.3 Forecast Market Size, 2023- 2030
- 4.4 Industry Value Chain Analysis
- 4.5 Porter's Five Forces Analysis
- 5 Market Assessment
- 5.1 Post-COVID-19 Growth Prospects for the Composites Industry
- 5.2 Likely Case – Industry Forecasts
- 5.3 Optimistic Case- Industry Forecasts
- 5.4 Pessimistic Case- Industry Forecasts
- 5.5 Market Dynamics-
- 5.6 Drivers
- 5.7 Trends
- 5.8 Opportunities
- 5.9 Challenges
- 6 Composites Market Size Forecasts- Types, Products, and Applications
- 6.1 Global Composites Growth Outlook by Type, $ Million, 2018- 2022, 2023- 2030
- 6.2 Global Composites Growth Outlook by Product, $ Million, 2018- 2022, 2023- 2030
- 6.3 Global Composites Growth Outlook by Application, $ Million, 2018- 2022, 2023- 2030
- 7 North America Composites Market Size Forecasts- Types, Products, and Applications
- 7.1 North America Composites Industry Current Market Conditions, 2023
- 7.2 North America Composites Market Trends and Opportunities
- 7.3 North America Composites Growth Outlook by Type
- 7.4 North America Composites Growth Outlook by Product
- 7.5 North America Composites Growth Outlook by Application
- 7.6 North America Composites Market Size Outlook by Country
- 7.7 United States Composites Market Size Outlook, $ Million, 2018 to 2030
- 7.8 Canada Composites Market Size Outlook, $ Million, 2018 to 2030
- 7.9 Mexico Composites Market Size Outlook, $ Million, 2018 to 2030
- 8 Europe Composites Market Size Forecasts- Types, Products, and Applications
- 8.1 Europe Composites Industry Current Market Conditions, 2023
- 8.2 Europe Composites Market Trends and Opportunities
- 8.3 Europe Composites Growth Outlook by Type
- 8.4 Europe Composites Growth Outlook by Product
- 8.5 Europe Composites Growth Outlook by Application
- 8.6 Europe Composites Market Size Outlook by Country
- 8.7 Germany Composites Market Size Outlook, $ Million, 2018 to 2030
- 8.8 France Composites Market Size Outlook, $ Million, 2018 to 2030
- 8.9 United Kingdom Composites Market Size Outlook, $ Million, 2018 to 2030
- 8.10. Italy Composites Market Size Outlook, $ Million, 2018 to 2030
- 8.11 Spain Composites Market Size Outlook, $ Million, 2018 to 2030
- 8.12 Rest of Europe Composites Market Size Outlook, $ Million, 2018 to 2030
- 9 Asia Pacific Composites Market Size Forecasts- Types, Products, and Applications
- 9.1 Asia Pacific Composites Industry Current Market Conditions, 2023
- 9.2 Asia Pacific Composites Market Trends and Opportunities
- 9.3 Asia Pacific Composites Growth Outlook by Type
- 9.4 Asia Pacific Composites Growth Outlook by Product
- 9.5 Asia Pacific Composites Growth Outlook by Application
- 9.6 Asia Pacific Composites Growth Outlook by Country
- 9.7 China Composites Market Size Outlook, $ Million, 2018 to 2030
- 9.8 Japan Composites Market Size Outlook, $ Million, 2018 to 2030
- 9.9 India Composites Market Size Outlook, $ Million, 2018 to 2030
- 9.10. Australia Composites Market Size Outlook, $ Million, 2018 to 2030
- 9.11 South Korea Composites Market Size Outlook, $ Million, 2018 to 2030
- 9.12 South East Asia Composites Market Size Outlook, $ Million, 2018 to 2030
- 9.13 Rest of Asia Pacific Composites Market Size Outlook, $ Million, 2018 to 2030
- 10 South America Composites Market Size Forecasts- Types, Products, and Applications
- 10.1 South America Composites Industry Current Market Conditions, 2023
- 10.2 South America Composites Market Trends and Opportunities
- 10.3 South America Composites Growth Outlook by Type
- 10.4 South America Composites Growth Outlook by Product
- 10.5 South America Composites Growth Outlook by Application
- 10.6 South America Composites Growth Outlook by Country
- 10.7 Brazil Composites Market Size Outlook, $ Million, 2018 to 2030
- 10.8 Argentina Composites Market Size Outlook, $ Million, 2018 to 2030
- 10.9 Rest of South America Composites Market Size Outlook, $ Million, 2018 to 2030
- 11 Middle East and Africa Composites Market Size Forecasts- Types, Products, and Applications
- 11.1 Middle East and Africa Composites Industry Current Market Conditions, 2023
- 11.2 Middle East and Africa Composites Market Trends and Opportunities
- 11.3 Middle East and Africa Composites Growth Outlook by Type
- 11.4 Middle East and Africa Composites Growth Outlook by Product
- 11.5 Middle East and Africa Composites Growth Outlook by Application
- 11.6 Middle East and Africa Composites Growth Outlook by Country
- 11.7 Saudi Arabia Composites Market Size Outlook, $ Million, 2018 to 2030
- 11.8 United Arab Emirates Composites Market Size Outlook, $ Million, 2018 to 2030
- 11.9 South Africa Composites Market Size Outlook, $ Million, 2018 to 2030
- 11.10. Rest of Middle East Composites Market Size Outlook, $ Million, 2018 to 2030
- 11.11 Rest of Africa Composites Market Size Outlook, $ Million, 2018 to 2030
- 12 Competitive Landscape
- 12.1 Competitive Scenario
- 12.2 Key Players
- 12.3 Company Profiles of Leading 10 Companies
- 12.4 Company Snapshot
- 12.5 Business Description of Leading Composites Companies
- 12.6 Composites Companies- Products and Services
- 12.7 Composites Companies- SWOT Analysis
- 12.8 Financial Profile
- 13 Appendix
- 13.1 List of Charts and Tables
- 13.2 Sources and Methodology
- 13.3 Conclusion and Future Remarks
- Tables and Charts
- Table 1:Global Composites Statistics, 2023
- Exhibit 2:Research Methodology
- Exhibit 3:Forecast Methodology
- Table 4:Global Composites Market Size Forecast, 2021- 2030
- Exhibit 5:Global Composites Outlook, year-on-year, %, 2021- 2030
- Table 6:Global Composites Outlook by Type, $ Million, 2021- 2030
- Table 7:Global Composites Outlook by Product, $ Million, 2021- 2030
- Table 8:Global Composites Outlook by Application, $ Million, 2021- 2030
- Exhibit 9:Porter’s Framework
- Exhibit 10:SWOT Profile
- Exhibit 11:Growth Outlook Scenario Analysis
- Table 12:North America Composites Outlook by Type, 2021-2030
- Table 13:North America Composites Outlook by Application, 2021-2030
- Table 14:North America Composites Outlook by Product, 2021-2030
- Table 15:North America Composites Outlook by Country, 2021-2030
- Table 16:Europe Composites Outlook by Type, 2021-2030
- Table 17:Europe Composites Outlook by Application, 2021-2030
- Table 18:Europe Composites Outlook by Product, 2021-2030
- Table 19:Europe Composites Outlook by Country, 2021-2030
- Table 20:Asia Pacific Composites Outlook by Type, 2021-2030
- Table 21:Asia Pacific Composites Outlook by Application, 2021-2030
- Table 22:Asia Pacific Composites Outlook by Product, 2021-2030
- Table 23:Asia Pacific Composites Outlook by Country, 2021-2030
- Table 24:North America Composites Outlook by Type, 2021-2030
- Table 25:South America Composites Outlook by Application, 2021-2030
- Table 26:South America Composites Outlook by Product, 2021-2030
- Table 27:South America Composites Outlook by Country, 2021-2030
- Table 28:Middle East and Africa Composites Outlook by Type, 2021-2030
- Table 29:Middle East and Africa Composites Outlook by Application, 2021-2030
- Table 30:Middle East and Africa Composites Outlook by Product, 2021-2030
- Table 31:Middle East and Africa Composites Outlook by Country, 2021-2030
- Table 32:United States Composites Outlook, $ Million, 2021- 2030
- Exhibit 33:United States Composites Outlook, year-on-year, %, 2021- 2030
- Table 34:Canada Composites Outlook, $ Million, 2021- 2030
- Exhibit 35:Canada Composites Outlook, year-on-year, %, 2021- 2030
- Table 36:Mexico Composites Outlook, $ Million, 2021- 2030
- Exhibit 37:Mexico Composites Outlook, year-on-year, %, 2021- 2030
- Table 38:Germany Composites Outlook, $ Million, 2021- 2030
- Exhibit 39:Germany Composites Outlook, year-on-year, %, 2021- 2030
- Table 40:France Composites Outlook, $ Million, 2021- 2030
- Exhibit 41:France Composites Outlook, year-on-year, %, 2021- 2030
- Table 42:United Kingdom Composites Outlook, $ Million, 2021- 2030
- Exhibit 43:United Kingdom Composites Outlook, year-on-year, %, 2021- 2030
- Table 44:Spain Composites Outlook, $ Million, 2021- 2030
- Exhibit 45:Spain Composites Outlook, year-on-year, %, 2021- 2030
- Table 46:Italy Composites Outlook, $ Million, 2021- 2030
- Exhibit 47:Italy Composites Outlook, year-on-year, %, 2021- 2030
- Table 48:China Composites Outlook, $ Million, 2021- 2030
- Exhibit 49:China Composites Outlook, year-on-year, %, 2021- 2030
- Table 50:India Composites Outlook, $ Million, 2021- 2030
- Exhibit 51:India Composites Outlook, year-on-year, %, 2021- 2030
- Table 52:Japan Composites Outlook, $ Million, 2021- 2030
- Exhibit 53:Japan Composites Outlook, year-on-year, %, 2021- 2030
- Table 54:South Korea Composites Outlook, $ Million, 2021- 2030
- Exhibit 55:South Korea Composites Outlook, year-on-year, %, 2021- 2030
- Table 56:South East Asia Composites Outlook, $ Million, 2021- 2030
- Exhibit 57:South East Asia Composites Outlook, year-on-year, %, 2021- 2030
- Table 58:Australia Composites Outlook, $ Million, 2021- 2030
- Exhibit 59:Australia Composites Outlook, year-on-year, %, 2021- 2030
- Table 60:Brazil Composites Outlook, $ Million, 2021- 2030
- Exhibit 61:Brazil Composites Outlook, year-on-year, %, 2021- 2030
- Table 62:Argentina Composites Outlook, $ Million, 2021- 2030
- Exhibit 63:Argentina Composites Outlook, year-on-year, %, 2021- 2030
- Table 64:Saudi Arabia Composites Outlook, $ Million, 2021- 2030
- Exhibit 65:Saudi Arabia Composites Outlook, year-on-year, %, 2021- 2030
- Table 66:United Arab Emirates Composites Outlook, $ Million, 2021- 2030
- Exhibit 67:United Arab Emirates Composites Outlook, year-on-year, %, 2021- 2030
- Table 68:South Africa Composites Outlook, $ Million, 2021- 2030
- Exhibit 69:South Africa Composites Outlook, year-on-year, %, 2021- 2030
- Table 70:Market Entropy
Pricing
Currency Rates
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