Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region

1. Composites Market worth $126.3 billion by 2026 - At a CAGR of 8.8%

2. Scope of The Report
By Fiber Type
The research report categorizes the Composites Market to forecast the revenues and analyse the
trends in each of the following subsegments :
• Glass Fiber Composites
• Carbon Fiber Composites
• Natural Fiber Composites
And More…
• Thermoset Composites
• Thermoplastic Composites
By Resin Type
By Manufacturing Process By End-use Industry

3. Key Segments & Report Highlights
APAC is expected to account for the largest market share in the composites
market during the forecast period.
The thermoset composites accounted for the largest market share in the
global composites market during the forecast period in terms of value an
d volume.
The lay-up manufacturing process holds a significant revenue share i
n the global composites market during the forecast period.
The aerospace & defense end-use industry accounted for the larges
t market share in the global composites market during the forecast
period in terms of value.
Glass fiber composites comprise a major share of the composites
market in terms of value and volume.
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2
3
4
5

4. Market Growth Rate
Composites Market Dynamics -
• Impact of COVID-19 on global composites market
• Increasing demand from the automotive & transportation industry to drive the demand for composites
• Lack of standardization in manufacturing technologies is a major restrain for the composites market
• Reduction of cost of carbon fibers is an excellent opportunity in the composites market
• Issues related to recycling pose the greatest challenge for composites manufacturers
• The glass fiber composites to account for the largest market share, in terms of value and volume, during the forecast period
• The lay-up manufacturing process accounted for a major share of the composites market in terms of value and volume during the
forecast period.
• The automotive & transportation end-use industry is expected to have the largest share in the composites market.
• APAC held the largest market share in the composites market
2026
Market Size of
$88.0 Billion
Market Size of
$126.3 Billion
2021

5. Infographics Repots

6. Key Vendors
• Owens Corning (US): https://www.owenscorning.com/
• Toray Industries, Inc. (Japan): https://www.toray.com/
• Teijin Limited (Japan): https://www.teijin.com/
• Solvay (Belgium): https://www.solvay.com/en/
• Hexcel Corporation (US): https://www.hexcel.com/
• Mitsubishi Chemical Holdings Corporation (Japan)
• SGL Group (Germany)
• Nippon Electrical Glass Co. Ltd. (Japan)
• Huntsman International LLC. (US)
Vendors in Composites Market Industry
View Report Here - https://www.marketsandmarkets.com/Market-Reports/comp
osite-market-200051282.html

7. Major Regions
• North America
• APAC
• Europe
• Latin America
• MEA

8. Recent Developments in Composites Market Industry
• In July 2019, Owens Corning announced the signing of a definitive agreement where it will acquire Saint-Gobain’s Reinforcement a
nd Composites business for USD 640 million. This will build Owen’s Corning’s position as a market leader in glass reinforcements a
nd composites.
• In February 2019, Teijin acquired Renegade Materials Corporation, a supplier of highly heat-resistant thermoset prepreg for the aer
ospace industry in North America. This has helped the company to solidify its position as a leading provider of solutions for aerospa
ce applications.
• In April 2018, Toray expanded the large tow carbon fiber production capacity at its US-based subsidiary, Zoltek Companies, Inc. Th
ey are also planning to increase the production capacity of Zoltek’s Hungarian and Mexican facilities. This will lead to Zoltek’s total a
nnual production capacity of approximately 25,000 tons.
• In March 2018, Hexcel entered into a partnership with Arkema for manufacturing carbon fiber-based thermoplastic composite solutio
ns for the aerospace sector. This helped the company to become an industry leader in advanced composite thermoplastic technolog
ies.
• In October 2017, Hexcel entered into a contract with UTC Aerospace Systems to supply advanced composites for various commerci
al aerospace programs. This helped the company to underscore its position as a leader in carbon fiber reinforcements in the comme
rcial aerospace industry.
• In March 2017, Solvay launched a new thermoset prepreg resin system SolvaLite 730, for high volume automotive applications.

9. Research Coverage
This report covers the global composites market and forecasts the market size until 2024. T
he report includes the market segmentation – Fiber Type (Glass Fiber Composites, Carbon
Fiber Composites, Natural Fiber Composites and Other), Resin Type( Thermoset Composite
s and Thermoplastic Composites), Manufacturing Process (lay-up, Filament Winding, Injecti
on Molding, Pultrusion, Compression Molding, RTM and Others), End-use Industry (Aerospa
ce & Defense, Wind Energy, Transportation, Construction & Infrastructure, Marine, Pipes &
Tanks, Electrical & Electronics, and Others) and Region (Europe, North America, APAC, Lati
n America, and MEA). Porter’s Five Forces analysis, along with the drivers, restraints, oppor
tunities, and challenges, are discussed in the report. It also provides company profiles and c
ompetitive strategies adopted by the major players in the global composites market.

10. Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market in the following ways:
• This report segments the global composites market comprehensively and provides the closest approxi
mations of the revenues for the overall market and the sub-segments across different verticals and reg
ions.
• The report helps stakeholders understand the pulse of the composites market and provides them with
information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to understand competitors better and gain more insights to better the
ir position in their businesses. The competitive landscape section includes the competitor ecosystem,
new product development, agreement, and acquisitions.

11. Reasons to buy the Composites Market Report
The report will help market leaders/new entrants in this market by providing them
with the closest approximations of the revenues for the overall composites market
and the sub-segments. This report will help stakeholders to understand the compe
titive landscape and gain more insights and position their businesses and market
strategies in a better way. The report will also help stakeholders understand the p
ulse of the market and provide them with information on key market drivers, restra
ints, challenges, and opportunities.

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