Market Overview:
The global high performance composites market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for high performance composites from various end-use industries such as aerospace & defense, automotive, pressure vessel, wind turbine and medical. In terms of type, thermoset composites are expected to dominate the global high performance composites market during the forecast period owing to their superior properties such as resistance against heat and chemicals. In terms of application, aerospace & defense is expected to account for a major share of the global high performance composites market during the forecast period owing to increasing demand for lightweight and durable materials from this industry vertical.
Product Definition:
A high performance composite is a material that has been engineered to provide exceptional mechanical and thermal performance. These materials are typically used in aerospace, automotive, and sporting goods applications where weight savings and increased strength are desired.
Thermoset:
Thermoset or thermosetting is a type of composite material that contains an organic resin, such as polyester or epoxy, and a hardener. The mixture is heated until the resin melts and flows into the shape of fiber-reinforced plastic. It's properties are then changed by adding more hardeners to get the desired strength and durability.
Thermoplastic:
Thermoplastic is a type of plastic material that can be molded into various shapes and has high resistance to heat, cold, and chemicals. Thermoplastic possesses good fatigue & impact strength along with excellent surface finish. It also has the ability to retain its dimensional stability at both room temperature & elevated temperatures. Some of the most commonly used thermoplastics include polyether ether ketone (PEEK) and polyethylene (PE).
Application Insights:
Aerospace & defense was the largest application segment in 2017 and is projected to maintain its lead over the forecast period. The increasing need for lightweight composites in order to reduce aircraft weight has led to an increased use of these products, thereby driving their demand. High performance composites are used in a wide range of applications including primary wing, fuselage, landing gear doors, leading and trailing edge panels on the wings and vertical and horizontal stabilizers.
The automotive sector is also expected to witness significant growth owing to rising consumer preference for vehicles equipped with high safety standards. Rising sales of sports cars have driven up demand for carbon fiber as it offers excellent crash energy absorption while maintaining a relatively low weight compared with other materials used for this purpose such as steel or aluminum alloys.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to a decline in new aircraft deliveries and pressure on operating profit of major aerospace companies. However, high demand for air travel is likely to support the regional market over the next eight years.
The Asia Pacific high performance composites industry is projected to grow at a lucrative rate over the forecast period owing to increasing defense expenditure by China and India as well as other countries such as South Korea, Japan, Pakistan, Australia among others are anticipated boost product demand across end-use industries such as aerospace & defense and automotive in near future.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in aerospace and defense applications
- Growing demand for composites from the automotive industry as a result of stringent fuel emission norms
- Rising popularity of composite materials in wind energy sector due to their superior mechanical properties
- Proliferation of 3D printing technology that is aiding the development of customized high-performance composites
- Growing application scope of composites in construction and infrastructure industries
Scope Of The Report
Report Attributes
Report Details
Report Title
High Performance Composites Market Research Report
By Type
Thermoset, Thermoplastic, Carbon Fiber, S-Glass, Aramid Fiber
By Application
Aerospace & Defense, Automotive, Pressure Vessel, Wind Turbine, Medical
By Companies
Toray Industries, SGL Group, Koninklijke Ten Cate, TPI Composites, Solvay, Hexcel, Owens Corning, Teijin Fibers, Basf, Albany International, Arkema
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global High Performance Composites Market Report Segments:
The global High Performance Composites market is segmented on the basis of:
Types
Thermoset, Thermoplastic, Carbon Fiber, S-Glass, Aramid Fiber
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
Aerospace & Defense, Automotive, Pressure Vessel, Wind Turbine, Medical
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:
- Toray Industries
- SGL Group
- Koninklijke Ten Cate
- TPI Composites
- Solvay
- Hexcel
- Owens Corning
- Teijin Fibers
- Basf
- Albany International
- Arkema
Highlights of The High Performance Composites 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:
- Thermoset
- Thermoplastic
- Carbon Fiber
- S-Glass
- Aramid Fiber
- By Application:
- Aerospace & Defense
- Automotive
- Pressure Vessel
- Wind Turbine
- Medical
- 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 High Performance Composites 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?
High performance composites are materials that have been specifically designed to improve the performance of an object or system. They can be made from a variety of materials, including plastics, metals, and composites. These materials can be combined in a number of ways to create unique products that offer improved performance. Some common uses for high performance composites include aircrafts, cars, boats, and wind turbines.
Some of the major players in the high performance composites market are Toray Industries, SGL Group, Koninklijke Ten Cate, TPI Composites, Solvay, Hexcel, Owens Corning, Teijin Fibers, Basf, Albany International, Arkema.
The high performance composites market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Performance Composites Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Performance Composites Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Performance Composites Market - Supply Chain
4.5. Global High Performance Composites Market Forecast
4.5.1. High Performance Composites Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Performance Composites Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Performance Composites Market Absolute $ Opportunity
5. Global High Performance Composites Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Performance Composites Market Size and Volume Forecast by Type
5.3.1. Thermoset
5.3.2. Thermoplastic
5.3.3. Carbon Fiber
5.3.4. S-Glass
5.3.5. Aramid Fiber
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Performance Composites Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Performance Composites Market Size and Volume Forecast by Application
6.3.1. Aerospace & Defense
6.3.2. Automotive
6.3.3. Pressure Vessel
6.3.4. Wind Turbine
6.3.5. Medical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Performance Composites Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Performance Composites Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Performance Composites Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Performance Composites Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Performance Composites Demand Share Forecast, 2019-2029
9. North America High Performance Composites Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Performance Composites Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Performance Composites Market Size and Volume Forecast by Application
9.4.1. Aerospace & Defense
9.4.2. Automotive
9.4.3. Pressure Vessel
9.4.4. Wind Turbine
9.4.5. Medical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Performance Composites Market Size and Volume Forecast by Type
9.7.1. Thermoset
9.7.2. Thermoplastic
9.7.3. Carbon Fiber
9.7.4. S-Glass
9.7.5. Aramid Fiber
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Performance Composites Demand Share Forecast, 2019-2029
10. Latin America High Performance Composites Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Performance Composites Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Performance Composites Market Size and Volume Forecast by Application
10.4.1. Aerospace & Defense
10.4.2. Automotive
10.4.3. Pressure Vessel
10.4.4. Wind Turbine
10.4.5. Medical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Performance Composites Market Size and Volume Forecast by Type
10.7.1. Thermoset
10.7.2. Thermoplastic
10.7.3. Carbon Fiber
10.7.4. S-Glass
10.7.5. Aramid Fiber
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Performance Composites Demand Share Forecast, 2019-2029
11. Europe High Performance Composites Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Performance Composites Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Performance Composites Market Size and Volume Forecast by Application
11.4.1. Aerospace & Defense
11.4.2. Automotive
11.4.3. Pressure Vessel
11.4.4. Wind Turbine
11.4.5. Medical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Performance Composites Market Size and Volume Forecast by Type
11.7.1. Thermoset
11.7.2. Thermoplasti
11.7.3. Carbon Fiber
11.7.4. S-Glass
11.7.5. Aramid Fiber
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Performance Composites Demand Share, 2019-2029
12. Asia Pacific High Performance Composites Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Performance Composites Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Performance Composites Market Size and Volume Forecast by Application
12.4.1. Aerospace & Defense
12.4.2. Automotive
12.4.3. Pressure Vessel
12.4.4. Wind Turbine
12.4.5. Medical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Performance Composites Market Size and Volume Forecast by Type
12.7.1. Thermoset
12.7.2. Thermoplastic
12.7.3. Carbon Fiber
12.7.4. S-Glass
12.7.5. Aramid Fiber
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Performance Composites Demand Share, 2019-2029
13. Middle East & Africa High Performance Composites Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Performance Composites Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Performance Composites Market Size and Volume Forecast by Application
13.4.1. Aerospace & Defense
13.4.2. Automotive
13.4.3. Pressure Vessel
13.4.4. Wind Turbine
13.4.5. Medical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Performance Composites Market Size and Volume Forecast by Type
13.7.1. Thermoset
13.7.2. Thermoplastic
13.7.3. Carbon Fiber
13.7.4. S-Glass
13.7.5. Aramid Fiber
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Performance Composites Demand Share, 2019-2029
14. Competition Landscape
14.1. Global High Performance Composites Market: Market Share Analysis
14.2. High Performance Composites Distributors and Customers
14.3. High Performance Composites Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toray Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SGL Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Koninklijke Ten Cate
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TPI Composites
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Solvay
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hexcel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Owens Corning
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Teijin Fibers
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Basf
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Albany International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Arkema
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook