Global Composite Plate
Market Report
2025
The global composite plate market size will be USD 17251.5 million in 2024. Increasing demand for lightweight materials is expected to boost sales to USD 41091.5 million by 2031, with a Compound Annual Growth Rate (CAGR) of 13.20% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. 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 composite plate market size will be USD 17251.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 13.20% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Composite Plate Market Sales Revenue | 121212 | $ 17251.5 Million | 121212 | 121212 | 121212 | 13.2% |
North America Composite Plate Market Sales Revenue | 121212 | $ 6900.6 Million | 121212 | 121212 | 121212 | 11.4% |
Mexico Composite Plate Market Sales Revenue | 121212 | $ 627.95 Million | 121212 | 121212 | 121212 | 11.9% |
Canada Composite Plate Market Sales Revenue | 121212 | $ 828.07 Million | 121212 | 121212 | 121212 | 12.2% |
United States Composite Plate Market Sales Revenue | 121212 | $ 5444.57 Million | 121212 | 121212 | 121212 | 11.2% |
Europe Composite Plate Market Sales Revenue | 121212 | $ 5175.45 Million | 121212 | 121212 | 121212 | 11.7% |
Spain Composite Plate Market Sales Revenue | 121212 | $ 424.39 Million | 121212 | 121212 | 121212 | 10.8% |
United Kingdom Composite Plate Market Sales Revenue | 121212 | $ 869.48 Million | 121212 | 121212 | 121212 | 12.5% |
Russia Composite Plate Market Sales Revenue | 121212 | $ 802.19 Million | 121212 | 121212 | 121212 | 10.7% |
Italy Composite Plate Market Sales Revenue | 121212 | $ 445.09 Million | 121212 | 121212 | 121212 | 11.1% |
Germany Composite Plate Market Sales Revenue | 121212 | $ 1024.74 Million | 121212 | 121212 | 121212 | 11.9% |
France Composite Plate Market Sales Revenue | 121212 | $ 476.14 Million | 121212 | 121212 | 121212 | 10.9% |
Rest of Europe Composite Plate Market Sales Revenue | 121212 | $ 802.19 Million | 121212 | 121212 | 121212 | 10.4% |
Asia Pacific Composite Plate Market Sales Revenue | 121212 | $ 3967.85 Million | 121212 | 121212 | 121212 | 15.2% |
Japan Composite Plate Market Sales Revenue | 121212 | $ 547.56 Million | 121212 | 121212 | 121212 | 13.7% |
China Composite Plate Market Sales Revenue | 121212 | $ 1785.53 Million | 121212 | 121212 | 121212 | 14.7% |
Australia Composite Plate Market Sales Revenue | 121212 | $ 206.33 Million | 121212 | 121212 | 121212 | 14.9% |
India Composite Plate Market Sales Revenue | 121212 | $ 476.14 Million | 121212 | 121212 | 121212 | 17% |
Korea Composite Plate Market Sales Revenue | 121212 | $ 396.78 Million | 121212 | 121212 | 121212 | 14.3% |
Rest of APAC Composite Plate Market Sales Revenue | 121212 | $ 281.72 Million | 121212 | 121212 | 121212 | 15% |
South America Composite Plate Market Sales Revenue | 121212 | $ 862.58 Million | 121212 | 121212 | 121212 | 12.6% |
Brazil Composite Plate Market Sales Revenue | 121212 | $ 369.18 Million | 121212 | 121212 | 121212 | 13.2% |
Chile Composite Plate Market Sales Revenue | 121212 | $ 62.11 Million | 121212 | 121212 | 121212 | 12.9% |
Peru Composite Plate Market Sales Revenue | 121212 | $ 70.73 Million | 121212 | 121212 | 121212 | 12.8% |
Colombia Composite Plate Market Sales Revenue | 121212 | $ 76.77 Million | 121212 | 121212 | 121212 | 12.4% |
Argentina Composite Plate Market Sales Revenue | 121212 | $ 144.91 Million | 121212 | 121212 | 121212 | 13.5% |
Rest of South America Composite Plate Market Sales Revenue | 121212 | $ 138.87 Million | 121212 | 121212 | 121212 | 11.7% |
Middle East and Africa Composite Plate Market Sales Revenue | 121212 | $ 345.03 Million | 121212 | 121212 | 121212 | 12.9% |
Turkey Composite Plate Market Sales Revenue | 121212 | $ 29.67 Million | 121212 | 121212 | 121212 | 12.4% |
Egypt Composite Plate Market Sales Revenue | 121212 | $ 36.23 Million | 121212 | 121212 | 121212 | 13.2% |
Rest of MEA Composite Plate Market Sales Revenue | 121212 | $ 40.71 Million | 121212 | 121212 | 121212 | 11.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of Composite Plate industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Composite Plate Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Composite plates are engineered materials made from two or more constituent materials with significantly different physical or chemical properties. These materials work together to create a composite that exhibits enhanced strength, durability, and lightweight characteristics compared to traditional materials. Typically comprising a matrix and reinforcement, such as fibers or particles, composite plates are used in various industries, including aerospace, automotive, construction, and marine. They offer advantages such as corrosion resistance, improved mechanical performance, and design flexibility, making them suitable for applications requiring high performance and efficiency. Their unique properties can be tailored to meet specific application needs.
In September 2024, Hexcel announced the launch of its new 1K reinforcement fabric, designed specifically for lightweight composite applications. The introduction of 1K fabrics to the portfolio enables to achieve exceptionally low areal weights, reaching as low as 60 GSM, while ensuring the mechanical properties necessary for high-performance composite applications. By vertically integrating the production processes for both fiber and fabric, the company can provide a solution that aligns with the performance and cost requirements of the increasing demand for domestically sourced reinforcement materials. (Source: https://hexcel.com/News/News-Releases/5669/hexcel-launches-new-1k-reinforcement-fabric-for-lightweight-composite-application)
The increasing demand for lightweight materials significantly impacts the composite plate market, driving its growth. Industries such as aerospace and automotive are prioritizing weight reduction to enhance fuel efficiency and performance. Composite plates, known for their lightweight yet robust properties, offer an ideal solution for manufacturers seeking to optimize their products. The shift towards electric vehicles further amplifies this demand, as lighter components contribute to improved battery performance and extended range. As manufacturers continue to innovate and develop advanced composite materials, this trend is expected to foster market expansion. By meeting the need for lightweight solutions, composite plates are positioned to become integral in various applications, thus propelling overall market growth.
The growth in aerospace and automotive industries plays a pivotal role in boosting the composite plate market. As these sectors advance, there is a strong emphasis on improving vehicle performance, safety, and fuel efficiency. Composite plates, with their high strength-to-weight ratio and durability, are increasingly used in critical components such as aircraft wings, fuselage structures, and automotive chassis. The shift towards lightweight materials in vehicle design not only enhances efficiency but also reduces emissions, aligning with global sustainability goals. With major players investing in research and development to explore innovative applications, the increasing reliance on composites in aerospace and automotive sectors is expected to significantly contribute to market growth in the coming years.
Environmental concerns surrounding resin production pose a significant restraint on the composite plate market. Traditional resins, often derived from petrochemicals, contribute to environmental degradation, including greenhouse gas emissions and pollution. The manufacturing process can also result in hazardous waste, raising concerns about sustainability and ecological impact. As consumers and industries become more environmentally conscious, there is growing pressure to adopt eco-friendly materials and processes. This shift necessitates investment in alternative resin technologies, such as bio-based or recyclable options, which may initially increase costs and complicate manufacturing processes. Consequently, these environmental challenges can limit market growth, as companies must navigate regulatory pressures while seeking sustainable solutions in composite plate production.
The Covid-19 pandemic had a negative impact on the composite plate market, primarily due to disruptions in manufacturing and supply chains. Lockdowns and restrictions led to temporary shutdowns of production facilities, causing delays in project timelines and reduced output. The aerospace and automotive industries, significant consumers of composite materials, faced sharp declines in demand as travel restrictions and economic uncertainties led to a reduction in production and sales. Additionally, disruptions in logistics affected the availability of raw materials, further complicating the recovery process. As industries adapt to the new normal, the composite plate market continues to grapple with the aftereffects of the pandemic, highlighting the need for resilience and adaptability in supply chain management.
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The competitive landscape of the composite plate market is characterized by a mix of established players and emerging companies focusing on innovation and sustainability. Companies are investing in advanced manufacturing technologies and collaborations to enhance product offerings. The market dynamics are influenced by strategic partnerships, mergers, and acquisitions, as businesses aim to strengthen their market positions and expand their customer base.
In March 2024, Toray Advanced Composites announced the launch of its new strengthened polyamide thermoplastic material, Toray Cetex TC915 PA+, expanding its extensive product portfolio. Renowned for its advancements in thermoplastic and thermoset composite materials, Toray highlights that this new offering is particularly suited for sporting goods, high-performance industrial applications, automotive structures, energy sectors (including oil, gas, and hydrogen), Urban Air Mobility (UAM), and Unmanned Aerial Systems (UAS). The Toray Cetex TC915 PA+ boasts enhanced technical specifications, providing increased strength, improved stiffness, greater temperature stability, and reduced moisture absorption. (Source: https://www.toraytac.com/media/news-item/2024/3/5/Toray-Advanced-Composites-Announces-New-Strengthened-Polyamide-Thermoplastic-Material-for-High_Performance-Applications) In October 2021, Solvay announced the launch of CYCOM EP2190, its new flagship epoxy prepreg designed for the aerospace market. This epoxy-based system delivers exceptional toughness in both thick and thin structures, along with superior in-plane performance in a range of conditions, including hot/wet and cold/dry environments. As Solvay's leading product for aerospace primary structures, CYCOM® EP2190 competes effectively with existing solutions for wing and fuselage applications across various aviation segments, from urban air mobility (UAM) and private aerospace to commercial (both sub and supersonic) and defense sectors, including rotorcraft. (Source: https://www.solvay.com/en/press-release/solvay-introduces-new-flagship-epoxy-prepreg-aerospace-market)
Top Companies Market Share in Composite Plate Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the composite plate market, and the region is expected to have significant growth during the projected period. This is due to the robust aerospace and automotive industries. The region's strong emphasis on innovation and advanced manufacturing processes enhances the adoption of composite plates, driving market growth. Additionally, government support for lightweight materials in transportation further stimulates demand, making it a leading market player.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This is driven by rapid industrialization and expanding automotive production. Countries like China and India are increasing investments in advanced materials to meet the rising demand for lightweight solutions. Additionally, the growing aerospace sector in the region is fueling the adoption of composite technologies, contributing to substantial market growth.
The current report Scope analyzes Composite Plate 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
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According to Cognitive Market Research, the global composite plate market size was estimated at USD 17251.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 6900.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.
According to Cognitive Market Research, the global composite plate market size was estimated at USD 17251.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 5175.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
According to Cognitive Market Research, the global composite plate market size was estimated at USD 17251.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3967.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.
According to Cognitive Market Research, the global composite plate market size was estimated at USD 17251.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 862.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
According to Cognitive Market Research, the global composite plate market size was estimated at USD 17251.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 345.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031..
Global Composite Plate 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 Composite Plate Industry growth. Composite Plate market has been segmented with the help of its , , and others. Composite Plate 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.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
of Composite Plate analyzed in this report are as follows:
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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 Composite Plate Market.
Some of the key of Composite Plate are:
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
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List of Competitors | Hexcel Corporation, Toray Industries, Inc., Cytec Solvay Group, Teijin Limited, Mitsubishi Chemical Holdings Corporation, Owens Corning, SGL Carbon SE, BASF SE, Armacell International S.A., 3M Company, DuPont de Nemours, Inc., Ahlstrom-Munksjö, Formosa Plastics Corporation, Rheinmetall AG, Huntsman Corporation |
This chapter will help you gain GLOBAL Market Analysis of Composite Plate. Further deep in this chapter, you will be able to review Global Composite Plate Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Composite Plate. Further deep in this chapter, you will be able to review North America Composite Plate Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Composite Plate. Further deep in this chapter, you will be able to review Europe Composite Plate Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Composite Plate. Further deep in this chapter, you will be able to review Asia Pacific Composite Plate Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Composite Plate. Further deep in this chapter, you will be able to review South America Composite Plate Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Composite Plate. Further deep in this chapter, you will be able to review Middle East and Africa Composite Plate Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Composite Plate. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging 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.
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.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Composite Plate market
Chapter 10 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 have a significant impact on Composite Plate market? |
What are the key factors affecting the and of Composite Plate Market? |
What is the CAGR/Growth Rate of during the forecast period? |
By type, which segment accounted for largest share of the global Composite Plate Market? |
Which region is expected to dominate the global Composite Plate Market within the forecast period? |
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