Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global High Performance Composites Market by Type (Thermoset, Thermoplastic, Carbon Fiber, S-Glass, Aramid Fiber), By Application (Aerospace & Defense, Automotive, Pressure Vessel, Wind Turbine, Medical) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global High Performance Composites Market by Type (Thermoset, Thermoplastic, Carbon Fiber, S-Glass, Aramid Fiber), By Application (Aerospace & Defense, Automotive, Pressure Vessel, Wind Turbine, Medical) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130493 3300 Chemical & Material 377 232 Pages 4.9 (36)

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.

Global High Performance Composites Industry Outlook

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 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 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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Toray Industries
  2. SGL Group
  3. Koninklijke Ten Cate
  4. TPI Composites
  5. Solvay
  6. Hexcel
  7. Owens Corning
  8. Teijin Fibers
  9. Basf
  10. Albany International
  11. Arkema

Global High Performance Composites Market Overview

Highlights of The High Performance Composites Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Thermoset
    2. Thermoplastic
    3. Carbon Fiber
    4. S-Glass
    5. Aramid Fiber
  1. By Application:

    1. Aerospace & Defense
    2. Automotive
    3. Pressure Vessel
    4. Wind Turbine
    5. Medical
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global High Performance Composites Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. SGL Group Overview Financials Developments Strategic Outlook
      14.4.3. Koninklijke Ten Cate Overview Financials Developments Strategic Outlook
      14.4.4. TPI Composites Overview Financials Developments Strategic Outlook
      14.4.5. Solvay Overview Financials Developments Strategic Outlook
      14.4.6. Hexcel Overview Financials Developments Strategic Outlook
      14.4.7. Owens Corning Overview Financials Developments Strategic Outlook
      14.4.8. Teijin Fibers Overview Financials Developments Strategic Outlook
      14.4.9. Basf Overview Financials Developments Strategic Outlook
      14.4.10. Albany International Overview Financials Developments Strategic Outlook
      14.4.11. Arkema Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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