The Composites Market size was valued at USD 122.91 Billion in 2023 and the total Composites Market revenue is expected to grow at a CAGR of 8.2 % from 2024 to 2030, reaching nearly USD 213.40 Billion. Composites are materials made by combining different substances to improve their overall qualities. They are widely used in various industries like aerospace, wind energy, automotive, industrial, marine, and oil and gas. These composites offer many advantages, even though some, like advanced carbon fiber composites, can be more costly than traditional metals. The carbon composites are commonly found in high-performance vehicles like fighter jets, spacecraft, racing cars, yachts, and luxury sports cars. A composite material typically consists of two or more materials with different properties. These materials work together to enhance the overall performance of the composite. The combination of strong, flexible fibers and a rigid matrix results in a composite material that has the tensile strength of the fibers, the compressive strength of the matrix, and the bending strength that comes from their combination. This makes the composite material strong, rigid, stiff, and able to withstand bending, which increases the composites market demand in 2022. The production of composites has also seen significant advancements in composites industry. Various technologies have been developed to reduce manufacturing and assembly costs while meeting composites industry demand. These technologies include fast manufacturing methods, automated composite laying processes, textile processes like braiding, and out-of-autoclave processes. They also involve the use of fluid-based pressure and heating/cooling systems, high-speed compression molding, high-pressure molding, and rapid-cure resin technology. These innovations make the manufacturing of composite materials more efficient and cost-effective, which drives the composites market demand globally. Furthermore, there are advanced software tools available to assist in the design and engineering of composites. These tools help identify potential manufacturing issues early in the design stage and speed up the design process. They include software for design, analysis, and manufacturing simulation, as well as knowledge-based engineering tools and cost modeling software. These tools allow engineers to work more efficiently, reduce design time, and ultimately save on engineering costs. The global composites market is characterized by a diverse range of applications spanning various industries, where the careful selection of composite materials strikes a balance between cost-effectiveness and superior performance. These materials are reinforced by advanced production technologies and a suite of software tools, driving innovation and efficiency in the industry. In the competitive landscape of the composites industry, companies are employing various strategies to expand their presence in both regional and global markets. 1.In February 2022, Saertex initiated operations at its new facility in Mexico, focusing on the production of multiaxial glass fiber non-crimp fabrics. This move was aimed at enhancing the diversification of its product line, particularly within the wind power sector. 2.In March 2021, Alvant and 3M formed a strategic partnership with the goal of advancing metal matrix composite technology for practical real-world applications. 3.Moreover, in June 2021, Hexcel Corporation, a leading player in advanced composites technology, reported the construction of a lightweight camera drone using Hexcel HexPly carbon fiber pre-preg. This project was carried out by a group of students from the University of Applied Sciences Upper Austria in Wels, who utilized components supplied by the Austrian company Hexcel Neumarkt. The report provides a comprehensive analysis of the competitive landscape, including benchmarking of key manufacturers in the composite market, a price trend analysis, competitive matrix, and regional market trends. This information offers valuable insights into the strategies and developments within the composites industry.To know about the Research Methodology :- Request Free Sample Report
Composites Market Dynamics:
Ultra-lightweight composites The composites materials market is the emergence of ultra-lightweight composites, which are having a significant impact across various industries, including aviation, automotive, and renewable energy. These advanced materials not only offer exceptional performance but also prove to be cost-effective, resulting in substantial savings in both operational and construction expenses for a wide range of projects, especially when compared to traditional materials with heavy price tags. For example, in the renewable energy sector, the cost of commercial wind turbines ranges from $1.3 million to $2.2 million per MW of nameplate capacity installed. While multiple factors contribute to these costs, the adoption of more accommodating composite materials substantially mitigates the overall expenses. These composites are tailored to enhance durability, weather, and environmental resistance, ultimately improving the quality and longevity of wind turbines and their components. The aerospace industry is also at the forefront of leveraging lightweight composites, such as carbon nano-reinforced polymers in the composites market. These composite materials not only exhibit increased strength but are also better suited to endure extreme conditions. Moreover, they are approximately 30% lighter than traditional materials, which translates to reduced fuel consumption and minimized aerodynamic drag in aircraft. These benefits extend beyond aviation and find applications in space exploration and the automotive industry, particularly when paired with electric and fuel-efficient vehicles. 1.Even space exploration agencies like NASA are investing in the development and manufacturing of ultra-lightweight materials for future aerospace vehicles and structures. Their ambitious proposals aim to mature advanced technologies that could potentially reduce the mass of spacecraft by a substantial 40 percent, offering significant advantages for deep space exploration missions. 2.Additionally, innovative companies are driving this trend forward. For example, RAMPF Composite Solutions in Burlington, Canada, recently secured CAN$75,000 in funding from Downsview Aerospace Innovation & Research (DAIR) to pioneer the development of ultra-lightweight composite propeller blades tailored for Urban Air Mobility (UAM) and Unmanned Aerial Vehicle (UAV) applications. This highlights the growing interest in utilizing lightweight composites for cutting-edge aerospace technologies. 3.Furthermore, Aluula Composites, a Canadian company specializing in ultra-lightweight composite materials, has introduced a groundbreaking class of lightweight soft composites. Their patented proprietary technique allows for the molecular fusion of disparate materials, eliminating the need for heavy glues while creating significantly stronger bonds between laminated layers. This innovation promises to revolutionize the composites industry by enhancing the strength-to-weight ratio of composite structures, thereby expanding their applications across various sectors. The ultra-lightweight composites market is rapidly gaining traction across multiple industries, offering enhanced performance, cost-effectiveness, and innovative solutions that have the potential to reshape the landscape of materials engineering. Eco-Friendly Materials The demand for eco-friendly materials is a significant driver in the composites market, with sustainability and environmental consciousness at the forefront of industries. Green and sustainable initiatives have become imperative for organizations looking to reduce their environmental impact, enhance customer sentiment, and set positive examples within their communities. This has led to a heightened emphasis on green technologies and solutions, with composite materials emerging as a prominent composites market player in this arena. Composite materials, known for their versatility and eco-friendly potential, are driving this shift towards sustainability. Key developments in the use of nano or bio-resins, often crafted from recycled materials, have enabled the creation of composite materials with enhanced eco-friendly properties. These properties include reduced carbon emissions and the ability to mitigate soil contamination. Such innovations are contributing to the composites market by providing environmentally conscious solutions. One notable advantage of composite materials is their adaptability to various production methods. Some composites can now be manufactured on-site or by utilizing cutting-edge technologies like industrial 3D printers. This approach minimizes transportation requirements, reduces labor and resource costs, and adds efficiency to the production process. Specific composite materials, such as plastic composite lumber, are gaining popularity as sustainable alternatives to traditional materials. These materials require low maintenance, feature weather, and environmentally-resistant surfaces, and are exceptionally easy to install. Recycled wood, steel, alloys, ceramics, and organic linens are also gaining recognition as eco-friendly components in composite materials. Additionally, the integration of recycled materials in composite development, design, and use has opened new horizons for sustainable solutions. These recycled materials are reshaped, reformulated, and enhanced beyond their original properties. Through reinforcement and fiber-based construction, materials like reclaimed wood are rendered heat or temperature-resistant, and more fragile materials are strengthened through standard composite processes. The future of the composites market looks promising, as ongoing research and development efforts aim to make them stronger, more precise, resistant, and lightweight. These materials can be tailored to meet specific project or product specifications, including the option to create textured, smooth, or contoured surface finishes as needed. Moreover, composite materials are empowering innovative initiatives, such as 3D printing, digital composite manufacturing, and on-site development of various materials, including prefabricated components and entire structures. The potential for these materials to disrupt the building industry and provide cost-effective and sustainable solutions is becoming increasingly evident. The composites market is being driven by the growing demand for eco-friendly and sustainable solutions. These materials are not only environmentally conscious but also versatile and adaptable, making them a key player in advancing green technologies and addressing the dual goals of benefiting budgets and the planet. The future of composites holds great promise, and their applications continue to evolve and expand with each passing day. By Fiber Type: Based on the Composites market segment market is segmented into Glass Fiber Composites, Carbon Fiber Composites, and Natural Fiber Composites. Glass Fiber Composites are expected to dominate the Composites Market during the forecast period. The use of Glass Fiber Composites (GFC) is a prominent driver in the composites market, representing a category of fiber-reinforced polymer composites that offer a wide range of exceptional properties. GFC, characterized by its low density, high strength, and ease of processing, finds extensive applications in various industries, including aerospace, automotive, and construction. The versatility of GFC allows it to meet the specific structural material requirements for a diverse range of applications.Glass Fiber Composites (GFC) are versatile materials known for their high strength and low weight, making them ideal for various applications. They are widely used in aerospace, especially in aircraft radar systems, where they allow radar rays to pass without distortion and withstand high-speed flight conditions. GFC is used in aircraft components like ducting, panels, nose sections, and even helicopter rotor blades. The introduction of S-glass, a reinforced glass product, has expanded its applications, particularly in aircraft components such as flight deck armor, seats, and floors, thanks to its high mechanical performance and low radar thermal profiles. In the construction industry, GFC offers dimensional stability, reduced weight, impact resistance, and low flammability, making it suitable for interior and exterior building components in residential, commercial, industrial, and farm construction. Leisure and recreational applications include furniture frames, sports equipment, and various outdoor products. GFC's corrosion-resistant properties make it suitable for use in corrosive environments, such as pipes, oilfield equipment, and water and wastewater piping. The electrical and electronics industry also benefits from GFC's mechanical strength and temperature stability, using it in electrical conductors, distribution hardware, and computer components. Pleasure boats are constructed using GFC due to their moldability, high strength, and durability, while the tooling industry relies on GFC components for various applications like forming dies and checking fixtures.
Composites Market Regional Insights:
Asia Pacific region is expected to dominate the Composites market during the forecast period. The area stands out as a highly profitable hub for the automotive, construction, aerospace, and electronics industries, thanks to the significant presence of major manufacturers in key economies like China, India, and Japan. China is the foremost leader in total composite consumption, while India has exhibited the highest growth rate. This growth can be attributed to the rapidly increasing demand from various end-user industries within the region. The expansion of the BRIC composites industry has seen varying growth rates across different market segments, influenced by the price-versus-performance criteria and the level of penetration in specific applications. China's advanced composites industry is characterized by a highly competitive landscape, owing to the presence of numerous key players. Notable companies in this sector include Toray Industries, Teijin Limited, Mitsubishi Chemical Holdings Corporation, and many others. These manufacturers offer innovative products at competitive prices, encompassing a wide range of composite materials based on carbon, glass, and aramid fibers. India, a rapidly growing economy, has made a significant mark in the global composites industry. The consumption of composite materials in India has shown remarkable growth, positioning the country as a promising market for these innovative materials. The expected consumption of composite materials in India is projected to reach 7.68 lakh tonne (LT) by 2027, driven by demands from sectors such as renewable energy, electric vehicles, and defense, among others. The growth of the composites industry in India is primarily fueled by increasing awareness, expanding market penetration, and the performance of end-user industries. Notably, market segments for composites in India include pipe and tank, transportation, wind energy, construction, and electrical and electronics. By the end of 2018, the Indian composites market is anticipated to grow 2.3 times, reaching 1.5 billion pounds, with a double-digit compounded annual growth rate. Pipe and tank applications have been a significant end market for composite materials, a trend expected to continue through 2018. According to the Union Oil and Gas Ministry, India requires substantial expansion of its pipeline network, and the transportation of oil and gas is set to increase significantly. Additionally, various natural gas pipeline projects and water supply networks are in progress, along with the need for wastewater and sewerage pipeline replacements. In this context, FRP pipes and tanks provide exceptional value by offering chemical and corrosion resistance, resulting in lower overall replacement and lifecycle costs. Furthermore, global industry leaders have expressed interest in this growing market, as evidenced by the Oman-based Composite Pipes Industry (CPI) announcing plans to establish its research and development and manufacturing base in India. This showcases the growing global recognition of India's potential in the composites sector.Composites Market Scope: Inquire before buying
Global Composites Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: 122.91 Bn Forecast Period 2023 to 2030 CAGR: 8.2% Market Size in 2030: 213.40 Bn Segments Covered: by Fiber Type Glass Fiber Composites Carbon Fiber Composites Natural Fiber Composites by Resin Type Thermoset Composites Thermoplastic Composites by Manufacturing Process Layup Process Filament Winding Process Injection Molding Process Pultrusion Process Compression Molding Process Resin Transfer Molding Process Others by End-User Automotive & Transportation Aerospace & Defense Wind Energy Electrical & Electronics Construction & Infrastructure Pipes & Tanks Marine Others Composites Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players
1. Teijin Limited - Tokyo, Japan 2. Toray Industries - Tokyo, Japan 3. Owens Corning - Toledo, Ohio, USA 4. PPG Industries - Pittsburgh, Pennsylvania, USA 5. Huntsman Corporation - The Woodlands, Texas, USA 6. Hexcel Corporation - Stamford, Connecticut, USA 7. E. I. DuPont Nemours & Co. (commonly known as DuPont) - Wilmington, Delaware, USA 8. Faurecia - Nanterre, France 9. Performance Composites Inc. - Compton, California, USA 10. Enduro Composites - Houston, Texas, USA 11. KINECO - Goa, India 12. Creative Composites Ltd. - Lisburn, Northern Ireland, UK 13. HITCO Carbon Composites - Gardena, California, USA 14. Quadrant Group of Companies - Zurich, Switzerland 15. BGF Industries - Greensboro, North Carolina, USA 16. FACC AG - Ried im Innkreis, Austria 17. Premium Aerotec - Augsburg, Germany 18. Fokker Aerostructures - Papendrecht, Netherlands 19. COTESA GmbH - Mittweida, Germany 20. Wethje Carbon Composites - Hengersberg, Germany 21. VELLO NORDIC AS - Drammen, Norway 22. Fiberdur GmbH & Co. KG - Kronberg, Germany 23. Akiet B.V. - Lemmer, Netherlands FAQs: 1. What are the growth drivers for the Composites Market? Ans. Growing popularity for eco-friendly chemicles is to be the major driver for the Composites Market. 2. What is the major restraint for the Composites Market growth? Ans. Stringent government regulations are expected to be the major restraining factor for the Composites Market growth. 3. Which Region is expected to lead the global Composites Market during the forecast period? Ans. Asia Pacific is expected to lead the global Composites Market during the forecast period. 4. What is the projected Europe Composites Market size & growth rate of the Composites Market? Ans. The Composites Market size was valued at USD 122.91 Billion in 2023 and the total Anime revenue is expected to grow at a CAGR of 8.2% from 2024 to 2030, reaching nearly USD 213.40 Billion. 5. What segments are covered in the Composites Market report? Ans. The segments covered in the Composites Market report are Fiber Type, Resin Type, Manufacturing Process, End-User, and Region
1. Composites Market: Research Methodology 2. Composites Market Introduction 2.1 Study Assumption and Market Definition 2.2 Scope of the Study 2.3 Executive Summary 3. Composites Market: Dynamics 3.1 Composites Market Trends 3.2 Composites Market Dynamics by Region 3.2.1 Composites Market Drivers 3.2.2 Composites Market Restraints 3.2.3 Composites Market Opportunities 3.2.4 Composites Market Challenges 3.3 PORTER’s Five Forces Analysis 3.3.1 Bargaining Power Of Suppliers 3.3.2 Bargaining Power Of Buyers 3.3.3 Threat Of New Entrants 3.3.4 Threat Of Substitutes 3.3.5 Intensity Of Rivalry 3.4 PESTLE Analysis 3.5 Regulatory Landscape by Region 3.5.1 Global 3.5.2 North America 3.5.3 Europe 3.5.4 Asia Pacific 3.5.5 Middle East and Africa 3.5.6 South America 3.6 Analysis of Government Schemes and Initiatives For the Composites Industry 3.7 COVID impact 3.8 Price Trend Analysis 4. Global Composites Market: Global Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 4.1 Global Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 4.1.1 Glass Fiber Composites 4.1.2 Carbon Fiber Composites 4.1.3 Natural Fiber Composites 4.2 Global Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 4.2.1 Thermoset Composites 4.2.2 Thermoplastic Composites 4.3 Global Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 4.3.1 Layup Process 4.3.2 Filament Winding Process 4.3.3 Injection Molding Process 4.3.4 Pultrusion Process 4.3.5 Compression Molding Process 4.3.6 Resin Transfer Molding Process 4.3.7 Others 4.4 Global Composites Market Size and Forecast, by End-User (2023-2030) 4.4.1 Automotive & Transportation 4.4.2 Aerospace & Defense 4.4.3 Wind Energy 4.4.4 Electrical & Electronics 4.4.5 Construction & Infrastructure 4.4.6 Pipes & Tanks 4.4.7 Marine 4.4.8 Others 4.5 Global Composites Market Size and Forecast, by Region (2023-2030) 4.5.1 North America 4.5.2 Europe 4.5.3 Asia Pacific 4.5.4 Middle East and Africa 4.5.5 South America 5. North America Composites Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 5.1 North America Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 5.1.1 Glass Fiber Composites 5.1.2 Carbon Fiber Composites 5.1.3 Natural Fiber Composites 5.2 North America Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 5.2.1 Thermoset Composites 5.2.2 Thermoplastic Composites 5.3 North America Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 5.3.1 Layup Process 5.3.2 Filament Winding Process 5.3.3 Injection Molding Process 5.3.4 Pultrusion Process 5.3.5 Compression Molding Process 5.3.6 Resin Transfer Molding Process 5.3.7 Others 5.4 North America Composites Market Size and Forecast, by End-User (2023-2030) 5.4.1 Automotive & Transportation 5.4.2 Aerospace & Defense 5.4.3 Wind Energy 5.4.4 Electrical & Electronics 5.4.5 Construction & Infrastructure 5.4.6 Pipes & Tanks 5.4.7 Marine 5.4.8 Others 5.5 North America Composites Market Size and Forecast, by Country (2023-2030) 5.5.1 United States 5.5.1.1 United States Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 5.5.1.1.1 Glass Fiber Composites 5.5.1.1.2 Carbon Fiber Composites 5.5.1.1.3 Natural Fiber Composites 5.5.1.2 United States Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 5.5.1.2.1 Thermoset Composites 5.5.1.2.2 Thermoplastic Composites 5.5.1.3 United States Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 5.5.1.3.1 Layup Process 5.5.1.3.2 Filament Winding Process 5.5.1.3.3 Injection Molding Process 5.5.1.3.4 Pultrusion Process 5.5.1.3.5 Compression Molding Process 5.5.1.3.6 Resin Transfer Molding Process 5.5.1.3.7 Others 5.5.1.4 United States Composites Market Size and Forecast, by End-User (2023-2030) 5.5.1.4.1 Automotive & Transportation 5.5.1.4.2 Aerospace & Defense 5.5.1.4.3 Wind Energy 5.5.1.4.4 Electrical & Electronics 5.5.1.4.5 Construction & Infrastructure 5.5.1.4.6 Pipes & Tanks 5.5.1.4.7 Marine 5.5.1.4.8 Others 5.5.2 Canada 5.5.2.1 Canada Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 5.5.2.1.1 Glass Fiber Composites 5.5.2.1.2 Carbon Fiber Composites 5.5.2.1.3 Natural Fiber Composites 5.5.2.2 Canada Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 5.5.2.2.1 Thermoset Composites 5.5.2.2.2 Thermoplastic Composites 5.5.2.3 Canada Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 5.5.2.3.1 Layup Process 5.5.2.3.2 Filament Winding Process 5.5.2.3.3 Injection Molding Process 5.5.2.3.4 Pultrusion Process 5.5.2.3.5 Compression Molding Process 5.5.2.3.6 Resin Transfer Molding Process 5.5.2.3.7 Others 5.5.2.4 Canada Composites Market Size and Forecast, by End-User (2023-2030) 5.5.2.4.1 Automotive & Transportation 5.5.2.4.2 Aerospace & Defense 5.5.2.4.3 Wind Energy 5.5.2.4.4 Electrical & Electronics 5.5.2.4.5 Construction & Infrastructure 5.5.2.4.6 Pipes & Tanks 5.5.2.4.7 Marine 5.5.2.4.8 Others 5.5.3 Mexico 5.5.3.1 Mexico Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 5.5.3.1.1 Glass Fiber Composites 5.5.3.1.2 Carbon Fiber Composites 5.5.3.1.3 Natural Fiber Composites 5.5.3.2 Mexico Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 5.5.3.2.1 Thermoset Composites 5.5.3.2.2 Thermoplastic Composites 5.5.3.3 Mexico Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 5.5.3.3.1 Layup Process 5.5.3.3.2 Filament Winding Process 5.5.3.3.3 Injection Molding Process 5.5.3.3.4 Pultrusion Process 5.5.3.3.5 Compression Molding Process 5.5.3.3.6 Resin Transfer Molding Process 5.5.3.3.7 Others 5.5.3.4 Mexico Composites Market Size and Forecast, by End-User (2023-2030) 5.5.3.4.1 Automotive & Transportation 5.5.3.4.2 Aerospace & Defense 5.5.3.4.3 Wind Energy 5.5.3.4.4 Electrical & Electronics 5.5.3.4.5 Construction & Infrastructure 5.5.3.4.6 Pipes & Tanks 5.5.3.4.7 Marine 5.5.3.4.8 Others 6. Europe Composites Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 6.1 Europe Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 6.2 Europe Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 6.3 Europe Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 6.4 Europe Composites Market Size and Forecast, by End-User (2023-2030) 6.5 Europe Composites Market Size and Forecast, by Country (2023-2030) 6.5.1 United Kingdom 6.5.1.1 United Kingdom Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 6.5.1.2 United Kingdom Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 6.5.1.3 United Kingdom Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 6.5.1.4 United Kingdom Composites Market Size and Forecast, by End-User (2023-2030) 6.5.2 France 6.5.2.1 France Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 6.5.2.2 France Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 6.5.2.3 France Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 6.5.2.4 France Composites Market Size and Forecast, by End-User (2023-2030) 6.5.3 Germany 6.5.3.1 Germany Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 6.5.3.2 Germany Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 6.5.3.3 Germany Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 6.5.3.4 Germany Composites Market Size and Forecast, by End-User (2023-2030) 6.5.4 Italy 6.5.4.1 Italy Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 6.5.4.2 Italy Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 6.5.4.3 Italy Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 6.5.4.4 Italy Composites Market Size and Forecast, by End-User (2023-2030) 6.5.5 Spain 6.5.5.1 Spain Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 6.5.5.2 Spain Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 6.5.5.3 Spain Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 6.5.5.4 Spain Composites Market Size and Forecast, by End-User (2023-2030) 6.5.6 Sweden 6.5.6.1 Sweden Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 6.5.6.2 Sweden Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 6.5.6.3 Sweden Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 6.5.6.4 Sweden Composites Market Size and Forecast, by End-User (2023-2030) 6.5.7 Austria 6.5.7.1 Austria Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 6.5.7.2 Austria Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 6.5.7.3 Austria Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 6.5.7.4 Austria Composites Market Size and Forecast, by End-User (2023-2030) 6.5.8 Rest of Europe 6.5.8.1 Rest of Europe Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 6.5.8.2 Rest of Europe Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030). 6.5.8.3 Rest of Europe Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 6.5.8.4 Rest of Europe Composites Market Size and Forecast, by End-User (2023-2030) 7. Asia Pacific Composites Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 7.1 Asia Pacific Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.2 Asia Pacific Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.3 Asia Pacific Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.4 Asia Pacific Composites Market Size and Forecast, by End-User (2023-2030) 7.5 Asia Pacific Composites Market Size and Forecast, by Country (2023-2030) 7.5.1 China 7.5.1.1 China Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.1.2 China Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.1.3 China Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.1.4 China Composites Market Size and Forecast, by End-User (2023-2030) 7.5.2 South Korea 7.5.2.1 S Korea Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.2.2 S Korea Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.2.3 S Korea Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.2.4 S Korea Composites Market Size and Forecast, by End-User (2023-2030) 7.5.3 Japan 7.5.3.1 Japan Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.3.2 Japan Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.3.3 Japan Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.3.4 Japan Composites Market Size and Forecast, by End-User (2023-2030) 7.5.4 India 7.5.4.1 India Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.4.2 India Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.4.3 India Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.4.4 India Composites Market Size and Forecast, by End-User (2023-2030) 7.5.5 Australia 7.5.5.1 Australia Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.5.2 Australia Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.5.3 Australia Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.5.4 Australia Composites Market Size and Forecast, by End-User (2023-2030) 7.5.6 Indonesia 7.5.6.1 Indonesia Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.6.2 Indonesia Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.6.3 Indonesia Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.6.4 Indonesia Composites Market Size and Forecast, by End-User (2023-2030) 7.5.7 Malaysia 7.5.7.1 Malaysia Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.7.2 Malaysia Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.7.3 Malaysia Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.7.4 Malaysia Composites Market Size and Forecast, by End-User (2023-2030) 7.5.8 Vietnam 7.5.8.1 Vietnam Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.8.2 Vietnam Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.8.3 Vietnam Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.8.4 Vietnam Composites Market Size and Forecast, by End-User (2023-2030) 7.5.9 Taiwan 7.5.9.1 Taiwan Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.9.2 Taiwan Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.9.3 Taiwan Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.9.4 Taiwan Composites Market Size and Forecast, by End-User (2023-2030) 7.5.10 Bangladesh 7.5.10.1 Bangladesh Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.10.2 Bangladesh Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.10.3 Bangladesh Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.10.4 Bangladesh Composites Market Size and Forecast, by End-User (2023-2030) 7.5.11 Pakistan 7.5.11.1 Pakistan Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.11.2 Pakistan Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.11.3 Pakistan Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.11.4 Pakistan Composites Market Size and Forecast, by End-User (2023-2030) 7.5.12 Rest of Asia Pacific 7.5.12.1 Rest of Asia Pacific Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 7.5.12.2 Rest of Asia PacificComposites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 7.5.12.3 Rest of Asia Pacific Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 7.5.12.4 Rest of Asia Pacific Composites Market Size and Forecast, by End-User (2023-2030) 8. Middle East and Africa Composites Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 8.1 Middle East and Africa Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 8.2 Middle East and Africa Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 8.3 Middle East and Africa Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 8.4 Middle East and Africa Composites Market Size and Forecast, by End-User (2023-2030) 8.5 Middle East and Africa Composites Market Size and Forecast, by Country (2023-2030) 8.5.1 South Africa 8.5.1.1 South Africa Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 8.5.1.2 South Africa Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 8.5.1.3 South Africa Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 8.5.1.4 South Africa Composites Market Size and Forecast, by End-User (2023-2030) 8.5.2 GCC 8.5.2.1 GCC Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 8.5.2.2 GCC Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 8.5.2.3 GCC Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 8.5.2.4 GCC Composites Market Size and Forecast, by End-User (2023-2030) 8.5.3 Egypt 8.5.3.1 Egypt Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 8.5.3.2 Egypt Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 8.5.3.3 Egypt Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 8.5.3.4 Egypt Composites Market Size and Forecast, by End-User (2023-2030) 8.5.4 Nigeria 8.5.4.1 Nigeria Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 8.5.4.2 Nigeria Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 8.5.4.3 Nigeria Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 8.5.4.4 Nigeria Composites Market Size and Forecast, by End-User (2023-2030) 8.5.5 Rest of ME&A 8.5.5.1 Rest of ME&A Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 8.5.5.2 Rest of ME&A Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 8.5.5.3 Rest of ME&A Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 8.5.5.4 Rest of ME&A Composites Market Size and Forecast, by End-User (2023-2030) 9. South America Composites Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 9.1 South America Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 9.2 South America Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 9.3 South America Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 9.4 South America Composites Market Size and Forecast, by End-User (2023-2030) 9.5 South America Composites Market Size and Forecast, by Country (2023-2030) 9.5.1 Brazil 9.5.1.1 Brazil Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 9.5.1.2 Brazil Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 9.5.1.3 Brazil Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 9.5.1.4 Brazil Composites Market Size and Forecast, by End-User (2023-2030) 9.5.2 Argentina 9.5.2.1 Argentina Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 9.5.2.2 Argentina Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 9.5.2.3 Argentina Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 9.5.2.4 Argentina Composites Market Size and Forecast, by End-User (2023-2030) 9.5.3 Rest Of South America 9.5.3.1 Rest Of South America Composites Market Size and Forecast, by Fiber Manufacturing Process (2023-2030) 9.5.3.2 Rest Of South America Composites Market Size and Forecast, by Resin Manufacturing Process (2023-2030) 9.5.3.3 Rest Of South America Composites Market Size and Forecast, by Manufacturing Process (2023-2030) 9.5.3.4 Rest Of South America Composites Market Size and Forecast, by End-User (2023-2030) 10. Global Composites Market: Competitive Landscape 10.1 MMR Competition Matrix 10.2 Competitive Landscape 10.3 Key Players Benchmarking 10.3.1 Company Name 10.3.2 Product Segment 10.3.3 End-User Segment 10.3.4 Revenue (2023) 10.3.5 Manufacturing Locations 10.4 Market Analysis by Organized Players vs. Unorganized Players 10.4.1 Organized Players 10.4.2 Unorganized Players 10.5 Leading Composites Global Companies, by market capitalization 10.6 Market Structure 10.6.1 Market Leaders 10.6.2 Market Followers 10.6.3 Emerging Players 10.7 Mergers and Acquisitions Details 11. Company Profile: Key Players 11.1 Teijin Limited - Tokyo, Japan 11.1.1 Company Overview 11.1.2 Business Portfolio 11.1.3 Financial Overview 11.1.4 SWOT Analysis 11.1.5 Strategic Analysis 11.1.6 Scale of Operation (small, medium, and large) 11.1.7 Details on Partnership 11.1.8 Recent Developments 11.2 Toray Industries - Tokyo, Japan 11.3 Owens Corning - Toledo, Ohio, USA 11.4 PPG Industries - Pittsburgh, Pennsylvania, USA 11.5 Huntsman Corporation - The Woodlands, Texas, USA 11.6 Hexcel Corporation - Stamford, Connecticut, USA 11.7 E. I. DuPont Nemours & Co. (commonly known as DuPont) - Wilmington, Delaware, USA 11.8 Faurecia - Nanterre, France 11.9 Performance Composites Inc. - Compton, California, USA 11.10 Enduro Composites - Houston, Texas, USA 11.11 KINECO - Goa, India 11.12 Creative Composites Ltd. - Lisburn, Northern Ireland, UK 11.13 HITCO Carbon Composites - Gardena, California, USA 11.14 Quadrant Group of Companies - Zurich, Switzerland 11.15 BGF Industries - Greensboro, North Carolina, USA 11.16 FACC AG - Ried im Innkreis, Austria 11.17 Premium Aerotec - Augsburg, Germany 11.18 Fokker Aerostructures - Papendrecht, Netherlands 11.19 COTESA GmbH - Mittweida, Germany 11.20 Wethje Carbon Composites - Hengersberg, Germany 11.21 VELLO NORDIC AS - Drammen, Norway 11.22 Fiberdur GmbH & Co. KG - Kronberg, Germany 11.23 Akiet B.V. - Lemmer, Netherlands 12. Key Findings 13. Industry Recommendations 14. Terms and Glossary