Composite Materials Market Development Strategies, SWOT Analysis, and Trends till 2032
Throughout the forecast period, North America is expected to account for the biggest revenue share of the worldwide composite materials market.
The global Composite
Materials Market size was USD 88.53 Billion in 2022 and is expected to
reach USD 169.73 Billion in 2032, and register a rapid revenue CAGR of 7.5%
during the forecast period. Increasing need for lightweight and high-strength
materials in aerospace and defense industries, rapid expansion in the wind
energy industry, and increasing use of composite materials in the automotive
industry to improve fuel economy and cut carbon emissions are major factors
driving market revenue growth.
In addition, increasing use of lightweight and
high-strength materials to improve fuel-efficiency, decrease emissions, and
improve performance in the aerospace and military industry is also expected to
drive revenue growth of the market during the forecast period.
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Competitive Landscape:
The global composite materials market is highly
competitive, with a few large and medium-sized players accounting for a
majority of market revenue. The market is characterized by constant innovations
in materials and technology, strategic partnerships, mergers, and acquisitions,
aimed at improving product offerings, expanding market presence, and increasing
market share. Some of the major companies included in the global composite
materials market report are:
- Hexcel Corporation
- Toray Industries, Inc.
- SGL Carbon SE
- Owens Corning
- Mitsubishi Chemical Holdings Corporation
- Solvay S.A.
- Huntsman Corporation
- Royal DSM N.V.
- TenCate Advanced Composites B.V.
- Gurit Holding AG
Key questions addressed in the report:
·
What
is the expected market size of the global Composite Materials market during the
forecast period?
·
What
CAGR is the global market expected to register during the forecast period?
·
Which
key factors are expected to boost global market growth between 2021 and 2028?
·
What
are the key restraints that are expected to hamper global market growth?
·
Which regional market is
expected to register robust CAGR during the forecast period?
·
Which
key players are operating the global Composite Materials market?
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Composite Materials Market Segmentation:
By Type Outlook:
- Polymer
Matrix Composites
- Ceramic
Matrix Composites
- Metal
Matrix Composites
- Others
By End-Use Outlook:
- Aerospace
& Defense
- Automotive
- Construction
- Energy
- Others
Key Regional
Markets Covered in the Report:
·
North America (U.S.A.,
Canada, Mexico)
·
Europe (Italy, U.K.,
Germany, France, Rest of Europe)
·
Asia Pacific (India,
China, Japan, South Korea, Australia, Rest of Asia Pacific)
·
Latin America (Chile,
Brazil, Argentina, Peru, Rest of Latin America)
·
Middle East & Africa
(Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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