Market Overview:
The global composite material market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for lightweight and durable materials across different applications. The polymer matrix composites segment is expected to lead the global composite material market during the forecast period. However, ceramic matrix composites are projected to grow at a higher CAGR during the forecast period. Asia Pacific is expected to be the fastest-growing region in terms of revenue during the forecast period.
Product Definition:
A composite material is a material made from two or more constituent materials with significantly different physical or chemical properties that, when combined, produce a material with characteristics different from those of the individual components.
Polymer Matrix Composites:
Polymer matrix composites are a class of materials that combine the properties of both polymers and ceramics. They can be used as substitutes for glass fiber or metal in various applications such as lightweight vehicles, electronic devices, aerospace components, etc.
Polymer matrix composites have been gaining importance on account of their superior mechanical properties (modulus & strength) compared to other composite materials such as carbon/glass or aramid fibers.
Continuous Fiber Composites:
Continuous fiber composites or CFC are composite materials that comprise of continuous fibers (polymeric or natural) and matrix. The material is manufactured by combining the properties of two different materials, which are usually dissimilar in nature such as glass and polyester for Polyester-based CFC, carbon nanotubes and epoxy resin for glass based CFC.
Conductive fillers can be added to the polymer matrix to improve conductivity along with dimensional stability.
Application Insights:
The composite material market is segmented by application into sporting goods, aerospace & defense, electrical & electronics, wind energy and building & construction. The sporting goods sector accounted for the largest share in 2015 owing to increasing demand for lightweight materials with superior performance characteristics.
The growth of this application segment can be attributed to rising popularity of sports such as golf and tennis among all age groups across the globe. Furthermore, increase in participation levels in sports has increased the requirement for better equipment which is likely to augment product demand over the forecast period.
Aerospace & defense was another significant application sector that accounted for a considerable market share on account of growing government expenditure on research and development activities related to aircraft manufacturing along with high requirements regarding strength and durability of aircraft structures made from composite materials.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is also anticipated to register a significant CAGR from 2018 to 2030 owing to rapid industrialization, availability of low-cost raw materials, and rising per capita income.
The Asia Pacific composite material demand was valued at USD X million in 2017 and is projected to grow at a significant rate over the forecast period owing to increasing aerospace & defense spending by China as well as India coupled with growing automotive industry in these countries. In addition, favorable government regulations for promoting investments are expected drive regional growth during the forecast years.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for lightweight and durable materials is expected to drive the growth of the composite material market.
- The increasing use of composites in wind turbines owing to their superior properties such as low weight, high strength, and corrosion resistance is also projected to boost the market growth.
- Growing demand for advanced composites with better thermal insulation and acoustic properties is another key factor that would fuel market expansion over the forecast period.
- Rising investments in research & development activities by leading players to develop innovative products is likely to propel Composite Material market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Composite Material Market Research Report
By Type
Polymer Matrix Composites, Continuous Fiber Composites, Ceramic Matrix Composites, Discontinuous Fiber Composites, Others
By Application
Sporting Goods, Aerospace & Defense, Electrical & Electronics, Wind Energy, Building & Construction, Transportation, Others
By Companies
Element Materials Technology, Henkel AG & CO, KGaA, Exova Group plc, Westmoreland Mechanical Testing & Research Inc, Instron, Matrix Composite Inc, ETIM Composites Testing Laboratory, Mistras Group Inc, Intertek Group plc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Composite Material Market Report Segments:
The global Composite Material market is segmented on the basis of:
Types
Polymer Matrix Composites, Continuous Fiber Composites, Ceramic Matrix Composites, Discontinuous Fiber Composites, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Sporting Goods, Aerospace & Defense, Electrical & Electronics, Wind Energy, Building & Construction, Transportation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Element Materials Technology
- Henkel AG & CO
- KGaA
- Exova Group plc
- Westmoreland Mechanical Testing & Research Inc
- Instron
- Matrix Composite Inc
- ETIM Composites Testing Laboratory
- Mistras Group Inc
- Intertek Group plc
Highlights of The Composite Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polymer Matrix Composites
- Continuous Fiber Composites
- Ceramic Matrix Composites
- Discontinuous Fiber Composites
- Others
- By Application:
- Sporting Goods
- Aerospace & Defense
- Electrical & Electronics
- Wind Energy
- Building & Construction
- Transportation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Composite Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Composite material is a mixture of two or more materials that are combined to create a new material. The most common composite materials are plastics and metals, but other combinations include rubber and plastic, glass and metal, or paper and plastic. Composite materials can be used in many different ways, including in products like cars, airplanes, boats, furniture, and toys.
Some of the key players operating in the composite material market are Element Materials Technology, Henkel AG & CO, KGaA, Exova Group plc, Westmoreland Mechanical Testing & Research Inc, Instron, Matrix Composite Inc, ETIM Composites Testing Laboratory, Mistras Group Inc, Intertek Group plc.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Composite Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Composite Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Composite Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Composite Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Composite Material Market Size & Forecast, 2020-2028
4.5.1 Composite Material Market Size and Y-o-Y Growth
4.5.2 Composite Material Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polymer Matrix Composites
5.2.2 Continuous Fiber Composites
5.2.3 Ceramic Matrix Composites
5.2.4 Discontinuous Fiber Composites
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Sporting Goods
6.2.2 Aerospace & Defense
6.2.3 Electrical & Electronics
6.2.4 Wind Energy
6.2.5 Building & Construction
6.2.6 Transportation
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Composite Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Composite Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polymer Matrix Composites
9.6.2 Continuous Fiber Composites
9.6.3 Ceramic Matrix Composites
9.6.4 Discontinuous Fiber Composites
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Sporting Goods
9.10.2 Aerospace & Defense
9.10.3 Electrical & Electronics
9.10.4 Wind Energy
9.10.5 Building & Construction
9.10.6 Transportation
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polymer Matrix Composites
10.6.2 Continuous Fiber Composites
10.6.3 Ceramic Matrix Composites
10.6.4 Discontinuous Fiber Composites
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Sporting Goods
10.10.2 Aerospace & Defense
10.10.3 Electrical & Electronics
10.10.4 Wind Energy
10.10.5 Building & Construction
10.10.6 Transportation
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polymer Matrix Composites
11.6.2 Continuous Fiber Composites
11.6.3 Ceramic Matrix Composites
11.6.4 Discontinuous Fiber Composites
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Sporting Goods
11.10.2 Aerospace & Defense
11.10.3 Electrical & Electronics
11.10.4 Wind Energy
11.10.5 Building & Construction
11.10.6 Transportation
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polymer Matrix Composites
12.6.2 Continuous Fiber Composites
12.6.3 Ceramic Matrix Composites
12.6.4 Discontinuous Fiber Composites
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Sporting Goods
12.10.2 Aerospace & Defense
12.10.3 Electrical & Electronics
12.10.4 Wind Energy
12.10.5 Building & Construction
12.10.6 Transportation
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polymer Matrix Composites
13.6.2 Continuous Fiber Composites
13.6.3 Ceramic Matrix Composites
13.6.4 Discontinuous Fiber Composites
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Sporting Goods
13.10.2 Aerospace & Defense
13.10.3 Electrical & Electronics
13.10.4 Wind Energy
13.10.5 Building & Construction
13.10.6 Transportation
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Composite Material Market: Competitive Dashboard
14.2 Global Composite Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Element Materials Technology
14.3.2 Henkel AG & CO
14.3.3 KGaA
14.3.4 Exova Group plc
14.3.5 Westmoreland Mechanical Testing & Research Inc
14.3.6 Instron
14.3.7 Matrix Composite Inc
14.3.8 ETIM Composites Testing Laboratory
14.3.9 Mistras Group Inc
14.3.10 Intertek Group plc
