Global Advanced Composites
Market Report
2024
Advanced Composites Market size is USD 37348.3 Million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Advanced Composites market size is USD 37348.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Advanced Composites Market Sales Revenue 2024 | $ 37348.3 Million |
Global Advanced Composites Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.8% |
Market Split by Fiber Type |
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Market Split by Resin Type |
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Market Split by Manufacturing Process |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Advanced Composites industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Advanced Composites Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Advanced Composites Market is a dynamic sector at the forefront of materials innovation, encompassing a diverse range of composite materials engineered for superior performance across industries. Comprising materials such as carbon fiber, fiberglass, and aramid fibers embedded within a matrix, advanced composites offer exceptional strength-to-weight ratios, durability, and resistance to corrosion and fatigue. This market finds extensive application in aerospace, automotive, wind energy, marine, and sporting goods sectors, among others, where lightweight yet robust materials are paramount. Key drivers stimulating market growth include increasing demand for fuel-efficient and environmentally friendly transportation solutions, alongside a growing emphasis on renewable energy sources. Advancements in manufacturing technologies, such as automated layup processes and additive manufacturing, further enhance the market's potential for innovation and cost-effectiveness.
Rising Demand for Advanced Composites in the Defense Industry to Increase the Demand Globally—The rising demand for advanced composites in the defense industry is a significant driver of market growth. Military applications require lightweight yet strong materials for aircraft, vehicles, and protective gear. Advanced composites fulfill these requirements, offering enhanced performance, durability, and stealth capabilities. As defense spending increases globally, the demand for advanced composites in defense applications is expected to continue driving market growth. Increasing Demand for the Fuel-Efficient Vehicles- Increasing demand for fuel-efficient vehicles drives the market for advanced composites due to their ability to minimize vehicle weight, thereby improving fuel economy.
High Cost- The high cost of advanced composites often restricts their widespread adoption across industries, particularly in sectors with stringent cost constraints. Strict Government Regulations- Strict government regulations can limit the market of advanced composites by imposing stringent compliance requirements and increasing manufacturing costs.
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In December 2021, Toray Advanced Composites received funding in collaboration with industry and academic partners for developing the long-life, fully composite liquid hydrogen tank for the civil aviation by the Dutch Ministry of Economic Affairs and the Climate Policy's Research and Development for Mobility project.
(Source: https://www.toraytac.com/)
Top Companies Market Share in Advanced Composites Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Global Advanced Composites Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Advanced Composites Industry growth. Advanced Composites market has been segmented with the help of its Fiber Type, Resin Type Manufacturing Process, and others. Advanced Composites market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, carbon fiber type is the dominating category due to its exceptional strength-to-weight ratio, high stiffness, and corrosion resistance. It is an ideal material for applications where lightweight and durable components are essential, such as aerospace, automotive, and sports industries. Additionally, ongoing advancements in carbon fiber manufacturing processes have led to increased production volumes, improved material properties, and cost reductions, further solidifying its position as the preferred choice for high-performance composite applications globally.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Advanced Composites Industry. Request a Free Sample PDF!
Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Advanced Composites Market.
Some of the key Resin Type of Advanced Composites are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Advanced Composites market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to a robust aerospace and defense sector, extensive research and development initiatives, and a strong presence of key market players. Additionally, the region benefits from significant investments in infrastructure projects, particularly in sectors such as transportation and construction, which drive demand for advanced composite materials. Furthermore, North America's well-established manufacturing capabilities and technological expertise contribute to its leadership position in producing high-quality, innovative composite products for various industries.
Asia-Pacific stands out as the fastest-growing region in the Advanced Composites market due to the rapid industrialization, urbanization, and the infrastructure development in countries like China, India, and Japan are driving the demand for lightweight and high-strength materials across various sectors such as aerospace, automotive, and construction. Additionally, the region benefits from increasing investments in research and development, technological advancements, and a growing emphasis on sustainability, further propelling the adoption of advanced composites in diverse applications.
The current report Scope analyzes Advanced Composites Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Advanced Composites Market is witnessing significant growth in the near future.
In 2023, the Carbon segment accounted for noticeable share of global Advanced Composites Market and is projected to experience significant growth in the near future.
The Advanced Thermosetting Composites segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Toray Industries , Koninklijke Ten Cate NV and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Fiber Type | Carbon, Aramid, S-Glass, Others |
Resin Type | Advanced Thermosetting Composites, Advanced Thermoplastic Composites |
Manufacturing Process | Hand Layup/Spray Layup, AFP/ATL, Filament Winding, Injection Molding, Pultrusion, Compression Molding, RTM/VARTM, Others |
End User | Transportation, Aerospace & Defense, Wind Energy, Sporting Goods, Electronics & Electrical, Civil Engineering, Pipes & Tanks, Medical, Others |
List of Competitors | Toray Industries, Inc., Koninklijke Ten Cate NV, Teijin Limited, Hexcel Corporation, SGL Group, Cytec Solvay Group, Owens Corning, E. I. Dupont De Nemours and Company, Huntsman Corporation, Momentive Performance Materials Inc., WS Atkins plc, AGY Holdings Corp., Formosa Plastics Corporation |
This chapter will help you gain GLOBAL Market Analysis of Advanced Composites. Further deep in this chapter, you will be able to review Global Advanced Composites Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Advanced Composites Market Trends North America Advanced Composites Technological Road Map North America Advanced Composites Market Drivers North America Advanced Composites Market Restraints North America Advanced Composites Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Fiber Type Analysis 2019 -2031, will provide market size split by Fiber Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Fiber Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Resin Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Manufacturing Process Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Advanced Composites market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Carbon have a significant impact on Advanced Composites market? |
What are the key factors affecting the Carbon and Aramid of Advanced Composites Market? |
What is the CAGR/Growth Rate of Advanced Thermosetting Composites during the forecast period? |
By type, which segment accounted for largest share of the global Advanced Composites Market? |
Which region is expected to dominate the global Advanced Composites Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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