Composites Market

Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry, and Region - Global Forecast to 2028

Report Code: CH 3185 Feb, 2024, by marketsandmarkets.com

The global composites market size is expected to grow with an annual CAGR of 10.8% and is projected to reach USD 181.7 billion by 2028 from USD 108.8 billion in 2023. Composites are becoming more and more acknowledged as the ideal option across a variety of sectors as global companies concentrate increased emphasis on lightweight, high-performance materials to fulfill growing customer demands and regulatory needs. Composites offer possibilities for lightweight automobiles in the automotive industry, increasing fuel economy and lowering pollutants. Similarly, the aerospace industry expects a spike in demand for composites as manufacturers of aircraft strive to reduce operating costs and improve fuel economy. Furthermore, because of their strength and resistance to environmental deterioration, composites will be used more often in the construction industry for building materials, infrastructure projects, and environmentally friendly housing options.

Attractive Opportunities in the Composites Market

Composites Market

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Composites Market

Global Composites Market Dynamics
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Drivers: Stringent eco-friendly regulations in automotive applications

One important factor in the production of automobiles is the better strength-to-weight ratio that composites offer. Automobiles with robust construction but low weight provide better mileage and fuel economy. When compared to traditional materials such as steel and aluminum, composites provide significant weight savings of 25% to 70% in the production of car bodies. A mere 10% reduction in the weight of the vehicle yields a 5% improvement in fuel efficiency. Compared to steel, carbon fiber can achieve a 30% gain in fuel efficiency. Strict laws, like the US government's required Corporate Average Fuel Efficiency (CAFE) criteria, are what propel the automobile industry. Because the transportation industry contributes significantly to greenhouse gas emissions, US automakers are required to meet these standards. As a result, there has been a noticeable shift in the manufacturing of lightweight cars to comply with CAFE standards, which call for 36.6 mpg by 2017 and 54.5 mpg by 2025. To reduce greenhouse gas emissions, this endeavor has sparked the development of electric and lightweight, fuel-efficient vehicles. Because carbon fiber composites can reduce diameter, eliminate joints, and sustain greater critical rotations, they are especially sought after for use in automobile engine propeller shafts. The key driver driving the growth of the composites industry is consumers' growing preference for lightweight and fuel-efficient automobiles. Doors, roof panels, windows, headrest back panels, seats, luggage bins, cooling ventilators, and braking materials for luxury and racing cars are a few notable automobile applications for composite materials.

Restraints: Lack of standardization in manufacturing technologies

The growth of composites in a number of industries, including consumer products, marine, and recreational goods, is still hampered by non-recurring development and manufacturing expenses. The three key issues are maintenance technology, process standardization, and design consistency. In the automobile and aerospace industries, mass production and economic viability are hampered by manufacturers' preference for conservative designs due to the lack of standardized materials and procedures. Furthermore, the absence of standards pushes producers to stick with traditional goods rather than investigating composites for a range of uses. Additionally, a barrier to the wider adoption of composites is the lack of human resources with the necessary training and experience.

Opportunities: High demand for carbon fiber composites in CNG and hydrogen storage

Carbon fiber composites are experiencing heightened demand for the storage of compressed natural gas (CNG) and hydrogen due to their exceptional strength-to-weight ratios, rendering them particularly well-suited for pressure vessels necessitating reduced weight and heightened safety standards. Applications for carbon fiber pressure vessels include the storage of hydrogen gas for hydrogen storage tanks, breathing air for firefighting in SCBA/SCUBA systems, and compressed natural gas for CNG storage tanks. Carbon fiber composites are also widely used in industries like marine and aerospace transportation that need to store gases under high pressure. Interestingly, carbon fiber composites have the lightest CNG volume, which increases vehicle range, fuel efficiency, and payload capacity. As a result, it is anticipated that these materials will grow in the years to come.

Challenges: Recycling of composites to be a major challenge for market growth

Composites are being used in a variety of end-use sectors to reduce weight, which improves performance and fuel efficiency and simultaneously lowers CO2 emissions and increases accident safety. However, recycling composites has certain difficulties. Automotive composites are particularly difficult to recycle due to their complex constituent compositions and thermoset resins' cross-linked nature. The recycling process is exacerbated by thermoset polymers' resistance to remolding. End-of-life aircraft structures made of carbon fiber composites primed with hexavalent chromium present a relevant problem. Because hexavalent chromium can seep into the earth, these composites cannot be disposed of on land because they are classified as hazardous waste.

Composites Market: Ecosystem

Composites Market Ecosystem

Glass fiber composites segment to dominate the market in terms of value and volume.

Because of its remarkable qualities such as strength, flexibility, stability, durability, and resistance to heat, temperature fluctuations, and moisture—the glass fiber composites market segment commands the largest share in terms of volume and value. This is explained by its affordability, mass-production viability, and significant demand in a variety of industries, including infrastructure, sporting goods, wind energy, and construction. Glass fiber composites are used in underbody systems, deck lids, front-end modules, bumper beams, engine covers, instrument panels, and air ducts, among other components in the transportation sector.

Thermoset resin is expected to hold the largest share in composites market.

Thermoset resins have been the industry leader in the resin type category of composites. Composites are manufactured using a variety of thermoset polymer matrices, such as vinyl esters, polyester, and epoxy. Thermoset composites with high toughness, impact strength, and moisture resistance are produced by fibers inserted in a matrix of thermoset resins. These composites are widely used in many different industries, including infrastructure, electronics, pipes and tanks, transportation, and construction. They are also extensively used in wind energy, marine, construction and infrastructure, transportation, sporting products, and a number of other end-use industries. Specifically, thermoset composites don't expand much in hot, humid settings, which makes them appropriate for applications where corrosive environments and high temperatures are present.

Filament winding process is expected to register the highest CAGR during the forecast period.

There is a notable increase in demand for the filament winding process in the composites manufacturing industry, as seen by its outstanding Compound Annual Growth Rate (CAGR). This method, which is well known for its efficiency and versatility, involves applying continuous fibers, like carbon or glass, in a predefined pattern, onto a revolving mandrel. The resulting composite structures exhibit exceptional strength-to-weight ratios, corrosion resistance, and long-lasting durability, making them highly suitable for a wide range of applications in different industries. One of the main reasons filament winding is growing at a significant rate is that it is being used widely in industries including aerospace, automotive, marine, and energy. Due to their lightweight design and structural integrity, filament wound components are used in rocket motor casings, aircraft fuselages, and wings in the aerospace industry. Similar to this, filament-wound tanks and pressure vessels are becoming more and more popular in the automotive industry for uses such as fuel storage and hydrogen fuel cell technology, which improves fuel economy and environmental sustainability. Furthermore, filament-wound composite pipes and tanks are essential components of solar panel structures and wind turbine blades in the field of renewable energy, helping to efficiently generate and store clean energy. The filament winding industry's growth trajectory is further supported by ongoing advancements in automation, robotics, and material innovations, which provide producers with increased efficiency, precision, and scalability.

Asia Pacific to be the largest and fastest growing regional market in the global composites market.

With significant producers of glass fiber and carbon fiber in China and Japan, as well as emerging economies in India and China, the Asia Pacific region has the lion's share of the worldwide composites market. Notably, the region is seeing tremendous expansion in the wind energy sector, which is a major user of composites. Additionally, the Asia Pacific area is seeing a noticeable growth in the transportation end-use industry, which is another significant consumer of composites. This growth is being driven by OEMs placing a greater emphasis on the manufacture of electric vehicles. All of these elements work together to fuel the region's growing need for composites.

Composites Market by Region

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Increasing number of wind energy installations to boost the market

With global fossil fuel capacity on a downward trajectory, there is a pressing need to escalate the utilization of renewable energy sources. Wind energy stands out as a crucial renewable energy source, and its escalating demand is propelling growth in the composites market. In wind turbines, composites are essential because they increase blade strength and provide outstanding fatigue and corrosion resistance. By 2035, renewable energy is expected to produce over 25% of the world's electricity, with wind energy making up a sizable amount of this share, according to the Global Wind Energy Council (GWEC). Because wind energy is a cost-effective way to increase system capacity and lower CO2 emissions, it is becoming a more appealing choice for generating power. For example, the US government wants to develop 30 GW of offshore wind energy by 2030, which would be enough to provide sustainable energy for 10 million homes and encourage supply chain investment.

Key Market Players

Prominent companies in the composites market are Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Nippon Electric Glass Co. Ltd. (Japan)

These companies are attempting to establish themselves in the composite market by employing a range of inorganic and organic approaches. A thorough competitive analysis of these major composite market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.

Read More: Composites Companies

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Scope of the Report

Report Metric

Details

Years considered for the study

2020–2028

Base year

2022

Forecast period

2023–2028

Units considered

Value (USD), Volume (Kiloton)

Segments

Fiber Type, Resin Type, Manufacturing Process, End-use Industry and Region

Regions

Europe, North America, Asia Pacific, Middle East & Africa, and Latin America

Companies

Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Nippon Electric Glass Co. Ltd. (Japan), Huntsman International LLC. (US), and Solvay (Belgium)

This research report categorizes the composites market based on fiber type, resin type, manufacturing process, end-use industry, and region.

By Fiber Type:
  • Glass Fiber Composites
  • Carbon Fiber Composites
  • Natural Fiber Composites
  • Other Fiber Composites
By Resin Type:
  • Thermoset Composites
  • Thermoplastic  Composites
By end-use industry:
  • Aerospace & defense
  • Wind Energy
  • Automotive & Transportation
  • Construction & Infrastructure
  • Marine
  • Pipe
  • Tanks & Pressure Vessels
  • Electrical & Electronics
  • Others
By Manufacturing Process:
  • Lay-up
  • Filament Winding
  • Injection Molding
  • Pultrusion
  • Compression Molding
  • RTM
  • Others
By region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Recent Developments

  • Dublin City Council has granted approval for an economic development arrangement with INEOS Composites, a company specializing in the production and distribution of various grades of unsaturated polyester and vinyl ester resins, gelcoats.
  • In October 2023, Gurit has recently disclosed the signing of a four-year and a three-year supply agreement for core material kits with two prominent Wind Turbine Original Equipment Manufacturers (OEMs).
  • In October 2022, Owens Corning is investing USD 24.5 million in machinery and new construction at its new Fort Smith manufacturing facility, which is expected to create 50 jobs. In early 2021, the company began construction on a 550,000-square-foot plant on Planter Road adjacent to the company's existing Fort Smith facility where it is expected to manufacture fiberglass composites, insulation, and roofing materials.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 56)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS & EXCLUSIONS 
    1.4 MARKET SCOPE 
          FIGURE 1 COMPOSITES MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 UNITS CONSIDERED 
    1.7 LIMITATIONS 
    1.8 STAKEHOLDERS 
    1.9 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 61)
    2.1 RESEARCH DATA 
          FIGURE 2 COMPOSITES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key primary participants
                    2.1.2.2 Breakdown of interviews with experts
                    2.1.2.3 Key industry insights
    2.2 IMPACT OF RECESSION 
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 3 COMPOSITES MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 4 COMPOSITES MARKET: TOP-DOWN APPROACH
    2.4 BASE NUMBER CALCULATION 
           2.4.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
           2.4.2 APPROACH 2: DEMAND-SIDE ANALYSIS
    2.5 MARKET FORECAST APPROACH 
           2.5.1 SUPPLY SIDE
           2.5.2 DEMAND SIDE
    2.6 DATA TRIANGULATION 
          FIGURE 5 COMPOSITES MARKET: DATA TRIANGULATION
    2.7 FACTOR ANALYSIS 
    2.8 RESEARCH ASSUMPTIONS 
    2.9 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 71)
    FIGURE 6 GLASS FIBER COMPOSITES DOMINATED MARKET IN 2022
    FIGURE 7 THERMOSET COMPOSITES DOMINATED MARKET IN 2022
    FIGURE 8 LAY-UP MANUFACTURING PROCESS ACCOUNTED FOR LARGEST SHARE OF COMPOSITES MARKET IN 2022
    FIGURE 9 AUTOMOTIVE AND TRANSPORTATION LED MARKET IN 2022
    FIGURE 10 ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 75)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COMPOSITES MARKET 
          FIGURE 11 SIGNIFICANT GROWTH EXPECTED IN COMPOSITES MARKET BETWEEN 2023 AND 2028
    4.2 COMPOSITES MARKET, BY FIBER TYPE 
          FIGURE 12 GLASS FIBER COMPOSITES DOMINATED MARKET IN 2022
    4.3 COMPOSITE MARKET, BY RESIN TYPE 
          FIGURE 13 THERMOSET COMPOSITES ACCOUNTED FOR LARGEST SHARE IN 2022
    4.4 COMPOSITES MARKET, BY MANUFACTURING PROCESS 
          FIGURE 14 LAY-UP WAS LARGEST MANUFACTURING PROCESS IN 2022
    4.5 COMPOSITE MARKET, BY END-USE INDUSTRY 
          FIGURE 15 AUTOMOTIVE & TRANSPORTATION INDUSTRY DOMINATED MARKET IN 2022
    4.6 COMPOSITES MARKET, BY REGION 
          FIGURE 16 ASIA PACIFIC DOMINATED MARKET IN 2022
    4.7 COMPOSITE MARKET, BY KEY COUNTRY 
          FIGURE 17 CHINA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 78)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN COMPOSITES MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for composites in aerospace industry
                                TABLE 1 ORDERS OF DIFFERENT BOEING PLANES
                    5.2.1.2 Extensive use of fiberglass composites in construction & infrastructure industry
                    5.2.1.3 Wide deployment of carbon fiber in satellite components
                    5.2.1.4 Rising demand for fiberglass in automotive applications
                    5.2.1.5 Increasing use of ATF and AFP technologies in primary aircraft structures
                    5.2.1.6 Rising focus on lightweight and high-performance materials
           5.2.2 RESTRAINTS
                    5.2.2.1 High processing and manufacturing costs
                    5.2.2.2 Lack of standardization in manufacturing technologies
                    5.2.2.3 Limited application of carbon fiber composites in high-temperature aerospace applications
           5.2.3 OPPORTUNITIES
                    5.2.3.1 High demand for electric vehicles
                    5.2.3.2 Rising adoption of natural composites
                    5.2.3.3 Pressing need for natural and carbon fiber composites in emerging applications
                    5.2.3.4 Reduction in cost of carbon fiber composites
                    5.2.3.5 Increasing use of carbon fiber composites in 3D printing
                    5.2.3.6 Increasing number of wind energy capacity installations
                                TABLE 2 ESTIMATED GLOBAL WIND ENERGY INSTALLATIONS, 2021–2030
                    5.2.3.7 Development of advanced software tools for prepreg product development
                    5.2.3.8 High demand for carbon fiber composites in CNG and hydrogen storage
           5.2.4 CHALLENGES
                    5.2.4.1 Developing low-cost technologies
                    5.2.4.2 Obstacles in recycling composites
    5.3 PORTER'S FIVE FORCES ANALYSIS 
          FIGURE 19 COMPOSITES MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 3 COMPOSITES MARKET: PORTER'S FIVE FORCES ANALYSIS
    5.4 ECOSYSTEM MAP 
          FIGURE 20 KEY PLAYERS IN COMPOSITE MARKET ECOSYSTEM
          FIGURE 21 ECOSYSTEM ANALYSIS: COMPOSITES MARKET
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE, BY END-USE INDUSTRY (KEY PLAYERS)
                    FIGURE 22 AVERAGE SELLING PRICE OF COMPOSITES OFFERED BY KEY PLAYERS FOR TOP THREE END-USE INDUSTRIES (USD/KG)
           5.5.2 AVERAGE SELLING PRICE, BY FIBER TYPE
                    FIGURE 23 AVERAGE SELLING PRICE BASED ON FIBER TYPE (USD/KG)
           5.5.3 AVERAGE SELLING PRICE, BY RESIN TYPE
                    FIGURE 24 AVERAGE SELLING PRICE BASED ON RESIN TYPE (USD/KG)
           5.5.4 AVERAGE SELLING PRICE, BY REGION
                    TABLE 4 AVERAGE SELLING PRICE OF COMPOSITES, BY REGION
    5.6 SUPPLY CHAIN ANALYSIS 
    5.7 VALUE CHAIN ANALYSIS 
          FIGURE 25 COMPOSITES MARKET: VALUE CHAIN ANALYSIS
           5.7.1 RAW MATERIALS
                    FIGURE 26 LEADING COMPOSITE RAW MATERIAL MANUFACTURERS AND SUPPLIERS
           5.7.2 INTERMEDIATES
                    FIGURE 27 LEADING COMPOSITE INTERMEDIATE MANUFACTURERS
           5.7.3 MOLDERS
                    FIGURE 28 LEADING MOLDERS IN COMPOSITES MARKET
           5.7.4 OEM/ASSEMBLY
                    FIGURE 29 MAJOR END USERS OF COMPOSITE PRODUCTS
           5.7.5 DISTRIBUTION CHANNEL
    5.8 TRADE ANALYSIS 
           5.8.1 EXPORT SCENARIO FOR HS CODE 7019
                    FIGURE 30 EXPORT OF GLASS FIBERS, BY KEY COUNTRY, 2018–2022 (USD THOUSAND)
                    TABLE 5 TOP 10 EXPORTING COUNTRIES IN 2022
           5.8.2 IMPORT SCENARIO FOR HS CODE 7019
                    FIGURE 31 IMPORT OF GLASS FIBERS, BY KEY COUNTRY, 2018–2022 (USD THOUSAND)
                    TABLE 6 TOP 10 IMPORTING COUNTRIES IN 2022
           5.8.3 EXPORT SCENARIO FOR HS CODE 681511
                    TABLE 7 TOP 15 EXPORTING COUNTRIES IN 2022
           5.8.4 IMPORT SCENARIO FOR HS CODE 681511
                    TABLE 8 TOP 15 IMPORTING COUNTRIES IN 2022
    5.9 TECHNOLOGY ANALYSIS 
          TABLE 9 COMPARATIVE STUDY OF MAJOR COMPOSITE MANUFACTURING PROCESSES
           5.9.1 KEY TECHNOLOGY ANALYSIS FOR GLASS FIBER COMPOSITES
           5.9.2 KEY TECHNOLOGY ANALYSIS FOR CARBON FIBER COMPOSITES
           5.9.3 COMPLEMENTARY TECHNOLOGY FOR LATEST MANUFACTURING PROCESS OF CARBON FIBERS
           5.9.4 KEY TECHNOLOGY ANALYSIS FOR NATURAL FIBER COMPOSITES
                    TABLE 10 COMPARATIVE STUDY OF MAJOR NATURAL FIBER COMPOSITE MANUFACTURING PROCESSES
           5.9.5 KEY STAKEHOLDERS & BUYING CRITERIA
                    5.9.5.1 Key stakeholders in buying process
                                FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
                                TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
           5.9.6 BUYING CRITERIA
                     FIGURE 33 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
                     TABLE 12 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
    5.10 PATENT ANALYSIS 
           5.10.1 INTRODUCTION
           5.10.2 METHODOLOGY
           5.10.3 DOCUMENT TYPES
                     TABLE 13 COMPOSITES MARKET: GLOBAL PATENTS
                     FIGURE 34 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE
                     FIGURE 35 GLOBAL PATENT PUBLICATION TREND ANALYSIS, LAST 5 YEARS
           5.10.4 INSIGHTS
           5.10.5 LEGAL STATUS OF PATENTS
                     FIGURE 36 COMPOSITES MARKET: LEGAL STATUS OF PATENTS
           5.10.6 JURISDICTION ANALYSIS
                     FIGURE 37 GLOBAL JURISDICTION ANALYSIS
           5.10.7 TOP APPLICANT ANALYSIS
                     FIGURE 38 UNIVERSITY OF TIAJIN ACCOUNTED FOR HIGHEST NUMBER OF PATENTS
           5.10.8 PATENTS BY BOEING
           5.10.9 PATENTS BY UNIVERSITY OF TIAJIN
                    5.10.10 PATENTS BY STATE GRID CORP CHINA
                    5.10.11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
    5.11 TARIFFS AND REGULATIONS 
           5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 14 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 17 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.11.2 STANDARDS IN COMPOSITES MARKET
                     TABLE 18 CURRENT STANDARD CODES FOR AUTOMOTIVE COMPOSITES
                     TABLE 19 CURRENT STANDARD CODES FOR CONSTRUCTION COMPOSITES
    5.12 KEY CONFERENCES & EVENTS IN 2023–2024 
           TABLE 20 COMPOSITES MARKET: KEY CONFERENCES & EVENTS, 2023–2024
    5.13 CASE STUDY ANALYSIS 
    5.14 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 39 REVENUE SHIFT AND NEW REVENUE POCKETS IN COMPOSITES MARKET
    5.15 COMPOSITES INVESTMENT LANDSCAPE 
           FIGURE 40 INVESTOR DEALS AND FUNDING IN COMPOSITES MARKET SOARED IN 2023
    5.16 APPLICATION OF COMPOSITES 
           5.16.1 COMPOSITES IN ELECTRIC-POWERED AIRCRAFT
           5.16.2 EMERGING NEED FOR COMPOSITES IN URBAN TAXIS
           5.16.3 APPLICATION OF COMPOSITES IN SENSOR POSITION OPTIMIZATION
           5.16.4 COMPOSITES FOR HYPERSONIC AIRCRAFT
 
6 COMPOSITES MARKET, BY MANUFACTURING PROCESS (Page No. - 122)
    6.1 INTRODUCTION 
          FIGURE 41 LAY-UP MANUFACTURING PROCESS TO DOMINATE MARKET DURING FORECAST PERIOD
          TABLE 21 COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION)
          TABLE 22 COMPOSITE MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON)
          TABLE 23 COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
          TABLE 24 COMPOSITE MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
    6.2 LAY-UP PROCESS 
           6.2.1 DEMAND FROM AEROSPACE & DEFENSE SECTOR TO DRIVE MARKET
                    FIGURE 42 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
           6.2.2 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION
                    TABLE 25 LAY-UP PROCESS: COMPOSITE MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 26 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 27 LAY-UP PROCESS: COMPOSITE MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 28 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
    6.3 FILAMENT WINDING PROCESS 
           6.3.1 HIGH DEPLOYMENT IN MARINE AND CONSTRUCTION END-USE INDUSTRIES TO DRIVE MARKET
                    FIGURE 43 ASIA PACIFIC TO LEAD FILAMENT WINDING PROCESS SEGMENT DURING FORECAST PERIOD
           6.3.2 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION
                    TABLE 29 FILAMENT WINDING PROCESS: COMPOSITE MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 30 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 31 FILAMENT WINDING PROCESS: COMPOSITE MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 32 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
    6.4 INJECTION MOLDING PROCESS 
           6.4.1 LARGE PRODUCTION VOLUME AND LOW COSTS TO DRIVE MARKET
                    FIGURE 44 NORTH AMERICA TO BE LARGEST MARKET FOR INJECTION MOLDING PROCESS DURING FORECAST PERIOD
           6.4.2 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION
                    TABLE 33 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 34 INJECTION MOLDING PROCESS: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 35 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 36 INJECTION MOLDING PROCESS: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    6.5 PULTRUSION PROCESS 
           6.5.1 LOW-COST PRODUCTION METHOD TO BOOST MARKET
                    FIGURE 45 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
           6.5.2 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION
                    TABLE 37 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 38 PULTRUSION PROCESS: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 39 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 40 PULTRUSION PROCESS: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    6.6 COMPRESSION MOLDING PROCESS 
           6.6.1 LOW INVESTMENT AND MINIMAL MAINTENANCE TO DRIVE MARKET
                    FIGURE 46 ASIA PACIFIC TO BE LARGEST MARKET FOR COMPRESSION MOLDING PROCESS
           6.6.2 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION
                    TABLE 41 COMPRESSION MOLDING PROCESS: COMPOSITE MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 42 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 43 COMPRESSION MOLDING PROCESS: COMPOSITE MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 44 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
    6.7 RESIN TRANSFER MOLDING (RTM) PROCESS 
           6.7.1 DEMAND FOR COMPLEX STRUCTURES FROM AUTOMOTIVE AND AEROSPACE INDUSTRY TO DRIVE MARKET
                    FIGURE 47 ASIA PACIFIC TO BE LARGEST MARKET FOR RESIN TRANSFER MOLDING PROCESS
           6.7.2 RTM PROCESS: COMPOSITES MARKET, BY REGION
                    TABLE 45 RTM PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 46 RTM PROCESS: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 47 RTM PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 48 RTM PROCESS: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    6.8 OTHER MANUFACTURING PROCESSES 
          FIGURE 48 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD
           6.8.1 OTHER MANUFACTURING PROCESSES: COMPOSITES MARKET, BY REGION
                    TABLE 49 OTHER MANUFACTURING PROCESSES: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 50 OTHER MANUFACTURING PROCESSES: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 51 OTHER MANUFACTURING PROCESSES: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 52 OTHER MANUFACTURING PROCESSES: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
 
7 COMPOSITES MARKET, BY FIBER TYPE (Page No. - 140)
    7.1 INTRODUCTION 
          FIGURE 49 GLASS FIBER COMPOSITES TO DOMINATE MARKET
          TABLE 53 COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION)
          TABLE 54 COMPOSITE MARKET, BY FIBER TYPE, 2020–2022 (KILOTON)
          TABLE 55 COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION)
          TABLE 56 COMPOSITE MARKET, BY FIBER TYPE, 2023–2028 (KILOTON)
    7.2 GLASS FIBER COMPOSITES 
          FIGURE 50 ASIA PACIFIC TO BE LARGEST GLASS FIBER COMPOSITES MARKET DURING FORECAST PERIOD
           7.2.1 GLASS FIBER: COMPOSITES MARKET, BY REGION
                    TABLE 57 GLASS FIBER: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 58 GLASS FIBER: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 59 GLASS FIBER: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 60 GLASS FIBER: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    7.3 CARBON FIBER COMPOSITES 
          FIGURE 51 ASIA PACIFIC TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
           7.3.1 CARBON FIBER: COMPOSITES MARKET, BY REGION
                    TABLE 61 CARBON FIBER: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 62 CARBON FIBER: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 63 CARBON FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 64 CARBON FIBER: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    7.4 NATURAL FIBER COMPOSITES 
          TABLE 65 NATURAL FIBER COMPOSITES IN AUTOMOTIVE SECTOR, BY DIFFERENT MANUFACTURERS
           7.4.1 NATURAL FIBER COMPOSITES MARKET, BY REGION
                    TABLE 66 NATURAL FIBER: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 67 NATURAL FIBER: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 68 NATURAL FIBER: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 69 NATURAL FIBER: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    7.5 OTHER FIBER TYPES 
           7.5.1 BASALT FIBER COMPOSITES
           7.5.2 ARAMID FIBER COMPOSITES
           7.5.3 BORON FIBER COMPOSITES
           7.5.4 HYBRID FIBER COMPOSITES
           7.5.5 ULTRA-HIGH-MOLECULAR-WEIGHT POLYETHYLENE (UHMWPE) FIBER COMPOSITES
           7.5.6 OTHER FIBER TYPES: COMPOSITES MARKET, BY REGION
                    TABLE 70 OTHER FIBER TYPES: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 71 OTHER FIBER TYPES: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 72 OTHER FIBER TYPES: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 73 OTHER FIBER TYPES: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
 
8 COMPOSITES MARKET, BY RESIN TYPE (Page No. - 152)
    8.1 INTRODUCTION 
          FIGURE 52 THERMOSET COMPOSITES TO DOMINATE MARKET DURING FORECAST PERIOD
          TABLE 74 COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION)
          TABLE 75 COMPOSITE MARKET, BY RESIN TYPE, 2020–2022 (KILOTON)
          TABLE 76 COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
          TABLE 77 COMPOSITE MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
    8.2 THERMOSET COMPOSITES 
           8.2.1 INCREASING DEMAND FROM END-USE INDUSTRIES IN ASIA PACIFIC TO DRIVE MARKET
           8.2.2 EPOXY RESIN
           8.2.3 POLYESTER RESIN
           8.2.4 VINYL ESTER RESIN
           8.2.5 POLYURETHANE RESIN
           8.2.6 OTHER THERMOSET COMPOSITES
                    FIGURE 53 ASIA PACIFIC TO BE LARGEST THERMOSET COMPOSITES MARKET
           8.2.7 THERMOSET COMPOSITES MARKET, BY REGION
                    TABLE 78 THERMOSET COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 79 THERMOSET COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 80 THERMOSET COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 81 THERMOSET COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    8.3 THERMOPLASTIC COMPOSITES 
           8.3.1 INCREASING DEMAND FROM AEROSPACE & TRANSPORTATION INDUSTRIES TO DRIVE MARKET
           8.3.2 POLYCARBONATES
           8.3.3 POLYPROPYLENE
           8.3.4 POLYPHENYLENE SULFIDE
           8.3.5 POLYETHERIMIDE
           8.3.6 POLYETHERETHERKETONE
           8.3.7 POLYAMIDE
           8.3.8 OTHER THERMOPLASTIC COMPOSITES
                    FIGURE 54 ASIA PACIFIC TO BE LARGEST THERMOPLASTIC COMPOSITES MARKET
           8.3.9 THERMOPLASTIC COMPOSITES MARKET, BY REGION
                    TABLE 82 THERMOPLASTIC COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 83 THERMOPLASTIC COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 84 THERMOPLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 85 THERMOPLASTIC COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
 
9 COMPOSITES MARKET, BY END-USE INDUSTRY (Page No. - 163)
    9.1 INTRODUCTION 
          FIGURE 55 TRANSPORTATION INDUSTRY TO DOMINATE COMPOSITES MARKET DURING FORECAST PERIOD
          TABLE 86 COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
          TABLE 87 COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
          TABLE 88 COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
          TABLE 89 COMPOSITE MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
    9.2 AEROSPACE & DEFENSE 
           9.2.1 INCREASING DEMAND FOR CARBON COMPOSITES IN AIRFRAME STRUCTURES TO DRIVE MARKET
           9.2.2 CIVIL
           9.2.3 DEFENSE
                    TABLE 90 NUMBER OF NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION (2023–2042)
                    FIGURE 56 EUROPE TO WITNESS HIGHEST DEMAND FOR COMPOSITES FROM AEROSPACE & DEFENSE END-USE INDUSTRY
           9.2.4 AEROSPACE & DEFENSE: COMPOSITES MARKET, BY REGION
                    TABLE 91 AEROSPACE & DEFENSE: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 92 AEROSPACE & DEFENSE: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 93 AEROSPACE & DEFENSE: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 94 AEROSPACE & DEFENSE: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    9.3 WIND ENERGY 
           9.3.1 PRESSING NEED FOR FIBER GLASS IN WIND TURBINES TO DRIVE MARKET
                    FIGURE 57 ASIA PACIFIC TO WITNESS HIGHEST DEMAND FROM WIND ENERGY INDUSTRY
           9.3.2 WIND ENERGY: COMPOSITES MARKET, BY REGION
                    TABLE 95 WIND ENERGY: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 96 WIND ENERGY: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 97 WIND ENERGY: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 98 WIND ENERGY: COMPOSITE MARKET, 2023–2028 (KILOTON)
    9.4 AUTOMOTIVE & TRANSPORTATION 
           9.4.1 INCREASING DEMAND FROM AUTOMOTIVE SECTOR TO BOOST MARKET
                    TABLE 99 COST BENEFITS OF COMPOSITE PARTS VS. STEEL PARTS
           9.4.2 AUTOMOTIVE
           9.4.3 RECREATIONAL VEHICLES
           9.4.4 BUS, TRUCKS, AND OTHER HEAVY VEHICLES
           9.4.5 METROS AND MONORAILS
           9.4.6 PASSENGER RAILS
           9.4.7 HIGH-SPEED AND BULLET TRAINS
                    FIGURE 58 ASIA PACIFIC TO LEAD MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY
           9.4.8 AUTOMOTIVE & TRANSPORTATION: COMPOSITES MARKET, BY REGION
                    TABLE 100 AUTOMOTIVE & TRANSPORTATION: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 101 AUTOMOTIVE & TRANSPORTATION: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 102 AUTOMOTIVE & TRANSPORTATION: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 103 AUTOMOTIVE & TRANSPORTATION: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    9.5 CONSTRUCTION & INFRASTRUCTURE 
           9.5.1 WIDE USE OF COMPOSITES IN CONCRETE STRUCTURES TO BOOST MARKET
                    FIGURE 59 ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY
           9.5.2 CONSTRUCTION & INFRASTRUCTURE: COMPOSITES MARKET, BY REGION
                    TABLE 104 CONSTRUCTION & INFRASTRUCTURE: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 105 CONSTRUCTION & INFRASTRUCTURE: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 106 CONSTRUCTION & INFRASTRUCTURE: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 107 CONSTRUCTION & INFRASTRUCTURE: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    9.6 PIPES 
           9.6.1 INCREASING DEMAND FROM OIL & GAS INDUSTRY TO BOOST MARKET
                    FIGURE 60 ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN PIPES END-USE INDUSTRY
           9.6.2 PIPES: COMPOSITES MARKET, BY REGION
                    TABLE 108 PIPES: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 109 PIPES: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 110 PIPES: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 111 PIPES: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    9.7 MARINE 
           9.7.1 INCREASING USE OF COMPOSITES IN YACHTS AND CATAMARANS TO BOOST MARKET
           9.7.2 POWERBOAT
           9.7.3 SAILBOAT
           9.7.4 CRUISE SHIP
           9.7.5 OTHERS
                    FIGURE 61 NORTH AMERICA TO BE LARGEST MARKET COMPOSITES IN MARINE END-USE INDUSTRY
           9.7.6 MARINE: COMPOSITES MARKET, BY REGION
                    TABLE 112 MARINE: COMPOSITE MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 113 MARINE: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 114 MARINE: COMPOSITE MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 115 COMPOSITES MARKET IN MARINE END-USE INDUSTRY, BY REGION, 2023–2028 (KILOTON)
    9.8 TANKS & PRESSURE VESSELS 
           9.8.1 WIDE DEPLOYMENT OF COMPOSITE VESSELS IN WATER DISTRIBUTION NETWORKS TO DRIVE MARKET
                    FIGURE 62 ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN TANKS & PRESSURE VESSEL END-USE INDUSTRY
           9.8.2 TANKS & PRESSURE VESSELS: COMPOSITES MARKET, BY REGION
                    TABLE 116 TANKS & PRESSURE VESSELS: COMPOSITE MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 117 TANKS & PRESSURE VESSELS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 118 TANKS & PRESSURE VESSELS: COMPOSITE MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 119 TANKS & PRESSURE VESSELS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)
    9.9 ELECTRICAL & ELECTRONICS 
           9.9.1 APPLICATION OF COMPOSITES IN PRINTED CIRCUIT BOARDS AND COMPUTER TERMINAL HOUSINGS TO DRIVE MARKET
                    FIGURE 63 ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY
           9.9.2 ELECTRICAL & ELECTRONICS: COMPOSITES MARKET, BY REGION
                    TABLE 120 ELECTRICAL & ELECTRONICS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 121 ELECTRICAL & ELECTRONICS: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 122 ELECTRICAL & ELECTRONICS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 123 ELECTRICAL & ELECTRONICS: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
    9.1 OTHER END-USE INDUSTRIES 
           9.10.1 INDUSTRIAL
           9.10.2 HEALTHCARE
           9.10.3 SPORTING GOODS
                    FIGURE 64 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
           9.10.4 OTHER END-USE INDUSTRIES: COMPOSITES MARKET, BY REGION
                    TABLE 124 OTHER END-USE INDUSTRIES: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
                    TABLE 125 OTHER END-USE INDUSTRIES: COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
                    TABLE 126 OTHER END-USE INDUSTRIES: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 127 OTHER END-USE INDUSTRIES: COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
 
10 COMPOSITES MARKET, BY REGION (Page No. - 191)
     10.1 INTRODUCTION 
             FIGURE 65 CHINA TO BE FASTEST-GROWING COMPOSITES MARKET DURING FORECAST PERIOD
             TABLE 128 COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)
             TABLE 129 COMPOSITE MARKET, BY REGION, 2020–2022 (KILOTON)
             TABLE 130 COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)
             TABLE 131 COMPOSITE MARKET, BY REGION, 2023–2028 (KILOTON)
     10.2 NORTH AMERICA 
             10.2.1 RECESSION IMPACT
                        FIGURE 66 NORTH AMERICA: COMPOSITES MARKET SNAPSHOT
             10.2.2 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE
                        TABLE 132 NORTH AMERICA: MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION)
                        TABLE 133 NORTH AMERICA: MARKET, BY FIBER TYPE, 2020–2022 (KILOTON)
                        TABLE 134 NORTH AMERICA: MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 135 NORTH AMERICA: MARKET, BY FIBER TYPE, 2023–2028 (KILOTON)
             10.2.3 NORTH AMERICA: COMPOSITE MARKET, BY MANUFACTURING PROCESS
                        TABLE 136 NORTH AMERICA: MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION)
                        TABLE 137 NORTH AMERICA: MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON)
                        TABLE 138 NORTH AMERICA: MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
                        TABLE 139 NORTH AMERICA: MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
             10.2.4 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE
                        TABLE 140 NORTH AMERICA: MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION)
                        TABLE 141 NORTH AMERICA: MARKET, BY RESIN TYPE, 2020–2022 (KILOTON)
                        TABLE 142 NORTH AMERICA: MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
                        TABLE 143 NORTH AMERICA: MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
             10.2.5 NORTH AMERICA: COMPOSITE MARKET, BY END-USE INDUSTRY
                        TABLE 144 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 145 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                        TABLE 146 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 147 NORTH AMERICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
             10.2.6 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY
                        TABLE 148 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 149 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2022 (KILOTON)
                        TABLE 150 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 151 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        10.2.6.1 US
                                     10.2.6.1.1 Rising demand for commercial & next-generation aircraft to boost market
                                                      TABLE 152 US: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 153 US: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 154 US: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 155 US: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 156 US: NEW WIND ENERGY INSTALLATIONS, 2010–2022 (MW)
                        10.2.6.2 Canada
                                     10.2.6.2.1 Demand from aerospace industry to drive market
                                                      TABLE 157 CANADA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 158 CANADA: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 159 CANADA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 160 CANADA: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
     10.3 EUROPE 
             10.3.1 RECESSION IMPACT
                        FIGURE 67 EUROPE: COMPOSITES MARKET SNAPSHOT
             10.3.2 EUROPE: COMPOSITES MARKET, BY FIBER TYPE
                        TABLE 161 EUROPE: MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION)
                        TABLE 162 EUROPE: MARKET, BY FIBER TYPE, 2020–2022 (KILOTON)
                        TABLE 163 EUROPE: MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 164 EUROPE: MARKET, BY FIBER TYPE, 2023–2028 (KILOTON)
             10.3.3 EUROPE: COMPOSITE MARKET, BY MANUFACTURING PROCESS
                        TABLE 165 EUROPE: MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION)
                        TABLE 166 EUROPE: MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON)
                        TABLE 167 EUROPE: MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
                        TABLE 168 EUROPE: MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
             10.3.4 EUROPE: COMPOSITES MARKET, BY RESIN TYPE
                        TABLE 169 EUROPE: MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION)
                        TABLE 170 EUROPE: MARKET, BY RESIN TYPE, 2020–2022 (KILOTON)
                        TABLE 171 EUROPE: MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
                        TABLE 172 EUROPE: MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
             10.3.5 EUROPE: COMPOSITE MARKET, BY END-USE INDUSTRY
                        TABLE 173 EUROPE: MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 174 EUROPE: MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                        TABLE 175 EUROPE: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 176 EUROPE: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
             10.3.6 EUROPE: COMPOSITES MARKET, BY COUNTRY
                        TABLE 177 EUROPE: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 178 EUROPE: MARKET, BY COUNTRY, 2020–2022 (KILOTON)
                        TABLE 179 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 180 EUROPE: MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        10.3.6.1 Germany
                                     10.3.6.1.1 Increasing demand for pressure vessels to drive market
                                                      TABLE 181 GERMANY: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 182 GERMANY: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 183 GERMANY: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 184 GERMANY: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.3.6.2 France
                                     10.3.6.2.1 Growth of transportation industry to fuel market
                                                      TABLE 185 FRANCE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 186 FRANCE: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 187 FRANCE: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 188 FRANCE: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.3.6.3 UK
                                     10.3.6.3.1 Demand from automotive industry to drive market
                                                      TABLE 189 UK: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 190 UK: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 191 UK: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 192 UK: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.3.6.4 Italy
                                     10.3.6.4.1 Rising demand of composites in aircraft designs to drive market
                                                      TABLE 193 ITALY: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 194 ITALY: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 195 ITALY: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 196 ITALY: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.3.6.5 Spain
                                     10.3.6.5.1 Growth of automotive industry to drive market
                                                      TABLE 197 SPAIN: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 198 SPAIN: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 199 SPAIN: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 200 SPAIN: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.3.6.6 Russia
                                     10.3.6.6.1 Increase in nuclear power plants to drive market
                                                      TABLE 201 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 202 RUSSIA: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 203 RUSSIA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 204 RUSSIA: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.3.6.7 Rest of Europe
                                      TABLE 205 REST OF EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 206 REST OF EUROPE: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                      TABLE 207 REST OF EUROPE: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 208 REST OF EUROPE: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
     10.4 ASIA PACIFIC 
             10.4.1 RECESSION IMPACT
                        FIGURE 68 ASIA PACIFIC: COMPOSITES MARKET SNAPSHOT
             10.4.2 ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE
                        TABLE 209 ASIA PACIFIC: MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION)
                        TABLE 210 ASIA PACIFIC: MARKET, BY FIBER TYPE, 2020–2022 (KILOTON)
                        TABLE 211 ASIA PACIFIC: MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 212 ASIA PACIFIC: MARKET, BY FIBER TYPE, 2023–2028 (KILOTON)
             10.4.3 ASIA PACIFIC: COMPOSITE MARKET, BY MANUFACTURING PROCESS
                        TABLE 213 ASIA PACIFIC: MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION)
                        TABLE 214 ASIA PACIFIC: MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON)
                        TABLE 215 ASIA PACIFIC: MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
                        TABLE 216 ASIA PACIFIC: MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
             10.4.4 ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE
                        TABLE 217 ASIA PACIFIC: MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION)
                        TABLE 218 ASIA PACIFIC: MARKET, BY RESIN TYPE, 2020–2022 (KILOTON)
                        TABLE 219 ASIA PACIFIC: MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
                        TABLE 220 ASIA PACIFIC: MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
             10.4.5 ASIA PACIFIC: COMPOSITE MARKET, BY END-USE INDUSTRY
                        TABLE 221 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 222 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                        TABLE 223 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 224 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
             10.4.6 ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY
                        TABLE 225 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 226 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2022 (KILOTON)
                        TABLE 227 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 228 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        10.4.6.1 China
                                     10.4.6.1.1 Presence of large-scale manufacturing facilities to increase demand for composites
                                                      TABLE 229 CHINA: NEW WIND ENERGY INSTALLATIONS, 2010–2022 (MW)
                                                      TABLE 230 CHINA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 231 CHINA: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 232 CHINA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 233 CHINA: MARKET, BY END USE INDUSTRY, 2023–2028 (KILOTON)
                        10.4.6.2 Japan
                                     10.4.6.2.1 Increasing demand from automotive and transportation industry to drive market
                                                      TABLE 234 JAPAN: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 235 JAPAN: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 236 JAPAN: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 237 JAPAN: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.4.6.3 India
                                     10.4.6.3.1 Inexpensive labor and availability of raw materials to drive market
                                                      TABLE 238 INDIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 239 INDIA: COMPOSITE MARKET, BY COUNTRY, 2020–2022 (KILOTON)
                                                      TABLE 240 INDIA: MARKET, BY END USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 241 INDIA: MARKET, BY END USE INDUSTRY, 2023–2028 (KILOTON)
                        10.4.6.4 South Korea
                                     10.4.6.4.1 Rising demand for composites in wind energy and automotive industry to drive market
                                                      TABLE 242 SOUTH KOREA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 243 SOUTH KOREA: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 244 SOUTH KOREA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 245 SOUTH KOREA: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.4.6.5 Rest of Asia Pacific
                                      TABLE 246 REST OF ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 247 REST OF ASIA PACIFIC: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                      TABLE 248 REST OF ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 249 REST OF ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
     10.5 LATIN AMERICA 
             10.5.1 RECESSION IMPACT
                        FIGURE 69 LATIN AMERICA: COMPOSITES MARKET SNAPSHOT
             10.5.2 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE
                        TABLE 250 LATIN AMERICA: MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION)
                        TABLE 251 LATIN AMERICA: MARKET, BY FIBER TYPE, 2020–2022 (KILOTON)
                        TABLE 252 LATIN AMERICA: MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 253 LATIN AMERICA: MARKET, BY FIBER TYPE, 2023–2028 (KILOTON)
             10.5.3 LATIN AMERICA: COMPOSITE MARKET, BY MANUFACTURING PROCESS
                        TABLE 254 LATIN AMERICA: MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION)
                        TABLE 255 LATIN AMERICA: MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON)
                        TABLE 256 LATIN AMERICA: MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
                        TABLE 257 LATIN AMERICA: MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
             10.5.4 LATIN AMERICA: COMPOSITES MARKET, BY RESIN TYPE
                        TABLE 258 LATIN AMERICA: MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION)
                        TABLE 259 LATIN AMERICA: MARKET, BY RESIN TYPE, 2020–2022 (KILOTON)
                        TABLE 260 LATIN AMERICA: MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
                        TABLE 261 LATIN AMERICA: MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
             10.5.5 LATIN AMERICA: COMPOSITE MARKET, BY END-USE INDUSTRY
                        TABLE 262 LATIN AMERICA: MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 263 LATIN AMERICA: MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                        TABLE 264 LATIN AMERICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 265 LATIN AMERICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
             10.5.6 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY
                        TABLE 266 LATIN AMERICA: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 267 LATIN AMERICA: MARKET, BY COUNTRY, 2020–2022 (KILOTON)
                        TABLE 268 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 269 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        10.5.6.1 Brazil
                                     10.5.6.1.1 Growing electricity demand to drive market
                                                      TABLE 270 BRAZIL: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 271 BRAZIL: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 272 BRAZIL: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 273 BRAZIL: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.5.6.2 Mexico
                                     10.5.6.2.1 Growing demand for pressure vessels to boost market
                                                      TABLE 274 MEXICO: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 275 MEXICO: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 276 MEXICO: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 277 MEXICO: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.5.6.3 Rest of Latin America
                                      TABLE 278 REST OF LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 279 REST OF LATIN AMERICA: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                      TABLE 280 REST OF LATIN AMERICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 281 REST OF LATIN AMERICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
     10.6 MIDDLE EAST & AFRICA 
             10.6.1 RECESSION IMPACT
                        FIGURE 70 MIDDLE EAST & AFRICA: COMPOSITES MARKET SNAPSHOT
             10.6.2 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE
                        TABLE 282 MIDDLE EAST & AFRICA: MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION)
                        TABLE 283 MIDDLE EAST & AFRICA: MARKET, BY FIBER TYPE, 2020–2022 (KILOTON)
                        TABLE 284 MIDDLE EAST & AFRICA: MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 285 MIDDLE EAST & AFRICA: MARKET, BY FIBER TYPE, 2023–2028 (KILOTON)
             10.6.3 MIDDLE EAST & AFRICA: COMPOSITE MARKET, BY MANUFACTURING PROCESS
                        TABLE 286 MIDDLE EAST & AFRICA: MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION)
                        TABLE 287 MIDDLE EAST & AFRICA: MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON)
                        TABLE 288 MIDDLE EAST & AFRICA: MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
                        TABLE 289 MIDDLE EAST & AFRICA: MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
             10.6.4 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE
                        TABLE 290 MIDDLE EAST & AFRICA: MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION)
                        TABLE 291 MIDDLE EAST & AFRICA: MARKET, BY RESIN TYPE, 2020–2022 (KILOTON)
                        TABLE 292 MIDDLE EAST & AFRICA: MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
                        TABLE 293 MIDDLE EAST & AFRICA: MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
             10.6.5 MIDDLE EAST & AFRICA: COMPOSITE MARKET, BY END-USE INDUSTRY
                        TABLE 294 MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                        TABLE 295 MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                        TABLE 296 MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 297 MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
             10.6.6 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY
                        TABLE 298 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 299 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020–2022 (KILOTON)
                        TABLE 300 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 301 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        10.6.6.1 GCC Countries
                        10.6.6.2 Saudi Arabia
                                     10.6.6.2.1 Increasing demand from tanks & pressure vessels industry to drive market
                                                      TABLE 302 SAUDI ARABIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 303 SAUDI ARABIA: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 304 SAUDI ARABIA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 305 SAUDI ARABIA: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.6.6.3 UAE
                                     10.6.6.3.1 Rise in infrastructure and building projects to drive market
                                                      TABLE 306 UAE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 307 UAE: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 308 UAE: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 309 UAE: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.6.6.4 Rest of GCC countries
                                      TABLE 310 REST OF GCC COUNTRIES: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 311 REST OF GCC COUNTRIES: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                      TABLE 312 REST OF GCC COUNTRIES: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 313 REST OF GCC COUNTRIES: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.6.6.5 South Africa
                                     10.6.6.5.1 Growth of construction industry to drive market
                                                      TABLE 314 SOUTH AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                                      TABLE 315 SOUTH AFRICA: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                                      TABLE 316 SOUTH AFRICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                                      TABLE 317 SOUTH AFRICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        10.6.6.6 Rest of Middle East & Africa
                                      TABLE 318 REST OF MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)
                                      TABLE 319 REST OF MIDDLE EAST & AFRICA: COMPOSITE MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)
                                      TABLE 320 REST OF MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                      TABLE 321 REST OF MIDDLE EAST & AFRICA: MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
 
11 COMPETITIVE LANDSCAPE (Page No. - 287)
     11.1 INTRODUCTION 
     11.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 
             TABLE 322 OVERVIEW OF STRATEGIES ADOPTED BY KEY COMPOSITE MARKET VENDORS
     11.3 MARKET SHARE ANALYSIS 
             11.3.1 MARKET SHARE ANALYSIS FOR MAJOR CARBON FIBER COMPOSITE MANUFACTURERS
                        FIGURE 71 MARKET SHARE OF TOP COMPANIES IN CARBON FIBER COMPOSITES MARKET
                        TABLE 323 CARBON FIBER COMPOSITE MARKET: DEGREE OF COMPETITION
             11.3.2 MARKET SHARE ANALYSIS FOR MAJOR GLASS FIBER COMPOSITE MANUFACTURERS
                        FIGURE 72 MARKET SHARE OF TOP COMPANIES IN GLASS FIBER COMPOSITES MARKET
                        TABLE 324 GLASS FIBER COMPOSITES MARKET: DEGREE OF COMPETITION
     11.4 BRAND/PRODUCT COMPARATIVE ANALYSIS 
             FIGURE 73 COMPOSITE MARKET: TOP TRENDING BRAND/PRODUCTS
             11.4.1 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY COMPOSITE PRODUCTS
                        FIGURE 74 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY COMPOSITE PRODUCTS
                        11.4.1.1 ShieldStrand S
                        11.4.1.2 Toray Cetex
                        11.4.1.3 CYFORM
                        11.4.1.4 Sereebo
                        11.4.1.5 SPRINT CBS 96
     11.5 COMPANY EVALUATION MATRIX 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 75 COMPOSITES MARKET: COMPANY EVALUATION MATRIX, 2022
             11.5.5 COMPANY FOOTPRINT
                        FIGURE 76 COMPANY PRODUCT FOOTPRINT (10 COMPANIES)
                        TABLE 325 COMPANY END-USE INDUSTRY FOOTPRINT (10 COMPANIES)
                        TABLE 326 COMPANY FIBER TYPE FOOTPRINT (10 COMPANIES)
                        TABLE 327 COMPANY RESIN TYPE FOOTPRINT (10 COMPANIES)
                        TABLE 328 COMPANY REGION FOOTPRINT (18 COMPANIES)
     11.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                        FIGURE 77 COMPOSITES MARKET: STARTUP/SME EVALUATION MATRIX, 2022
     11.7 COMPETITIVE BENCHMARKING 
             TABLE 329 COMPOSITE MARKET: KEY STARTUPS/SMES (10 COMPANIES)
     11.8 VALUATION AND FINANCIAL METRICS OF COMPOSITES VENDORS 
             FIGURE 78 EV/EBITDA OF KEY VENDORS
             FIGURE 79 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS
     11.9 COMPETITIVE SCENARIO 
             TABLE 330 COMPOSITES MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2022
             TABLE 331 COMPOSITE MARKET: DEALS, 2018–2023
             TABLE 332 COMPOSITES MARKET: EXPANSION, 2018–2022
             TABLE 333 COMPOSITE MARKET: OTHER DEVELOPMENTS, 2018–2022
 
12 COMPANY PROFILES (Page No. - 324)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     12.1 KEY COMPANIES 
             12.1.1 OWENS CORNING
                        TABLE 334 OWENS CORNING: COMPANY OVERVIEW
                        FIGURE 80 OWENS CORNING: COMPANY SNAPSHOT
                        TABLE 335 OWENS CORNING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 336 OWENS CORNING: DEALS
                        TABLE 337 OWENS CORNING: OTHER DEVELOPMENTS
             12.1.2 TORAY INDUSTRIES, INC.
                        TABLE 338 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW
                        FIGURE 81 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
                        TABLE 339 TORAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 340 TORAY INDUSTRIES, INC.: DEALS
                        TABLE 341 TORAY INDUSTRIES, INC.: OTHER DEVELOPMENTS
                        TABLE 342 TORAY INDUSTRIES, INC.: PRODUCTS LAUNCHES
             12.1.3 MITSUBISHI CHEMICAL HOLDINGS CORPORATION
                        TABLE 343 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY OVERVIEW
                        FIGURE 82 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY SNAPSHOT
                        TABLE 344 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: RODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 345 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: DEALS
                        TABLE 346 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: OTHER DEVELOPMENTS
                        TABLE 347 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: PRODUCT LAUNCHES
             12.1.4 SOLVAY S.A.
                        TABLE 348 SOLVAY S.A.: COMPANY OVERVIEW
                        FIGURE 83 SOLVAY S.A.: COMPANY SNAPSHOT
                        TABLE 349 SOLVAY S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 350 SOLVAY S.A.: DEALS
                        TABLE 351 SOLVAY S.A.: OTHER DEVELOPMENTS
                        TABLE 352 SOLVAY S.A: PRODUCT DEVELOPMENT
             12.1.5 TEIJIN LIMITED
                        TABLE 353 TEIJIN LIMITED: COMPANY OVERVIEW
                        FIGURE 84 TEIJIN LIMITED: COMPANY SNAPSHOT
                        TABLE 354 TEIJIN LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 355 TEIJIN LIMITED: DEALS
                        TABLE 356 TEIJIN LIMITED: OTHER DEVELOPMENTS
                        TABLE 357 TEIJIN LIMITED: PRODUCT LAUNCHES
             12.1.6 SGL CARBON SE
                        TABLE 358 SGL CARBON SE: COMPANY OVERVIEW
                        FIGURE 85 SGL CARBON SE: COMPANY SNAPSHOT
                        TABLE 359 SGL CARBON SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 360 SGL CARBON SE: DEALS
                        TABLE 361 SGL CARBON SE: OTHER DEVELOPMENTS
                        TABLE 362 SGL CARBON SE: PRODUCT LAUNCHES
             12.1.7 HEXCEL CORPORATION
                        TABLE 363 HEXCEL CORPORATION: COMPANY OVERVIEW
                        FIGURE 86 HEXCEL CORPORATION: COMPANY SNAPSHOT
                        TABLE 364 HEXCEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 365 HEXCEL CORPORATION: DEALS
                        TABLE 366 HEXCEL CORPORATION: OTHER DEVELOPMENTS
                        TABLE 367 HEXCEL CORPORATION: PRODUCT LAUNCHES
             12.1.8 NIPPON ELECTRIC GLASS CO., LTD.
                        TABLE 368 NIPPON ELECTRIC GLASS CO., LTD.: COMPANY OVERVIEW
                        FIGURE 87 NIPPON ELECTRIC GLASS CO., LTD.: COMPANY SNAPSHOT
                        TABLE 369 NIPPON ELECTRIC GLASS CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 370 NIPPON ELECTRIC GLASS CO., LTD: DEALS
                        TABLE 371 NIPPON ELECTRIC GLASS CO., LTD.: PRODUCT LAUNCHES
                        TABLE 372 NIPPON ELECTRIC GLASS CO., LTD.: OTHER DEVELOPMENTS
             12.1.9 HUNTSMAN INTERNATIONAL LLC
                        TABLE 373 HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW
                        FIGURE 88 HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT
                        TABLE 374 HUNTSMAN INTERNATIONAL LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 375 HUNTSMAN INTERNATIONAL LLC: DEALS
                        TABLE 376 HUNTSMAN INTERNATIONAL LLC: PRODUCT LAUNCHES
             12.1.10 GURIT HOLDING AG
                        TABLE 377 GURIT HOLDING AG: COMPANY OVERVIEW
                        FIGURE 89 GURIT HOLDING AG: COMPANY SNAPSHOT
                        TABLE 378 GURIT HOLDING AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 379 GURIT HOLDING AG: DEALS
             12.1.11 WEYERHAEUSER COMPANY
                        TABLE 380 WEYERHAEUSER COMPANY: COMPANY OVERVIEW
                        FIGURE 90 WEYERHAEUSER COMPANY: COMPANY SNAPSHOT
                        TABLE 381 WEYERHAEUSER COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 382 WEYERHAEUSER COMPANY: PRODUCT LAUNCHES
             12.1.12 CHINA JUSHI CO., LTD.
                        TABLE 383 CHINA JUSHI CO., LTD.: COMPANY OVERVIEW
                        FIGURE 91 CHINA JUSHI CO., LTD.: COMPANY SNAPSHOT
                        TABLE 384 CHINA JUSHI CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 385 CHINA JUSHI CO., LTD.: PRODUCT LAUNCHES
                        TABLE 386 CHINA JUSHI CO., LTD.: DEALS
                        TABLE 387 CHINA JUSHI CO., LTD.: OTHER DEVELOPMENTS
             12.1.13 AGY
                        TABLE 388 AGY: COMPANY OVERVIEW
                        TABLE 389 AGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 390 AGY: OTHER DEVELOPMENTS
             12.1.14 TAISHAN FIBERGLASS INC. (CTG GROUP)
                        TABLE 391 TAISHAN FIBERGLASS INC. (CTG GROUP): COMPANY OVERVIEW
                        TABLE 392 TAISHAN FIBERGLASS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 393 TAISHAN FIBERGLASS INC. (CTG GROUP): PRODUCT LAUNCHES
                        TABLE 394 TAISHAN FIBERGLASS INC. (CTG): DEALS
                        TABLE 395 TAISHAN FIBERGLASS INC. (CTG GROUP): OTHER DEVELOPMENTS
             12.1.15 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC)
                        TABLE 396 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC): COMPANY OVERVIEW
                        TABLE 397 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC): PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 398 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC): PRODUCT LAUNCHES
                        TABLE 399 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC): DEALS
             12.1.16 SAINT-GOBAIN
                        TABLE 400 SAINT-GOBAIN: COMPANY OVERVIEW
                        FIGURE 92 SAINT-GOBAIN: COMPANY SNAPSHOT
                        TABLE 401 SAINT-GOBAIN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 402 SAINT-GOBAIN: PRODUCT LAUNCHES
                        TABLE 403 SAINT-GOBAIN: DEALS
                        TABLE 404 SAINT-GOBAIN: OTHER DEVELOPMENTS
             12.1.17 INEOS CAPITAL LIMITED
                        TABLE 405 INEOS CAPITAL LIMITED.: COMPANY OVERVIEW
                        FIGURE 93 INEOS CAPITAL LIMITED: COMPANY SNAPSHOT
                        TABLE 406 INEOS CAPITAL LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 407 INEOS CAPITAL LIMITED: PRODUCT LAUNCHES
                        TABLE 408 INEOS CAPITAL LIMITED: OTHER DEVELOPMENTS
             12.1.18 HEXION
                        TABLE 409 HEXION: COMPANY OVERVIEW
                        TABLE 410 HEXION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 411 HEXION INC.: DEALS
                        TABLE 412 HEXION INC.: PRODUCT LAUNCHES
                        TABLE 413 HEXION INC.: OTHER DEVELOPMENTS
             12.1.19 ASAHI FIBER GLASS CO., LTD.
                        TABLE 414 ASAHI FIBER GLASS CO., LTD.: COMPANY OVERVIEW
                        TABLE 415 ASAHI FIBER GLASS CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 416 ASAHI FIBER GLASS CO., LTD.: OTHER DEVELOPMENTS
             12.1.20 HYOSUNG ADVANCED MATERIALS
                        TABLE 417 HYOSUNG ADVANCED MATERIALS: COMPANY OVERVIEW
                        FIGURE 94 HYOSUNG ADVANCED MATERIALS: COMPANY SNAPSHOT
                        TABLE 418 HYOSUNG ADVANCED MATERIALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 419 HYOSUNG ADVANCED MATERIALS: PRODUCT LAUNCHES
                        TABLE 420 HYOSUNG ADVANCED MATERIALS: DEALS
                        TABLE 421 HYOSUNG ADVANCED MATERIALS: OTHER DEVELOPMENTS
             12.1.21 ZHONGFU SHENYING CARBON FIBER CO., LTD.
                        TABLE 422 ZHONGFU SHENYING CARBON FIBER CO., LTD.: COMPANY OVERVIEW
                        FIGURE 95 ZHONGFU SHENYING CARBON FIBER CO., LTD.: COMPANY SNAPSHOT
                        TABLE 423 ZHONGFU SHENYING CARBON FIBER CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 424 ZHONGFU SHENYING CARBON FIBER CO., LTD.: OTHER DEVELOPMENTS
             12.1.22 KUREHA CORPORATION
                        TABLE 425 KUREHA CORPORATION: COMPANY OVERVIEW
                        FIGURE 96 KUREHA CORPORATION: COMPANY SNAPSHOT
                        TABLE 426 KUREHA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.23 DOWAKSA
                        TABLE 427 DOWAKSA: COMPANY OVERVIEW
                        TABLE 428 DOWAKSA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 429 DOWAKSA: OTHER DEVELOPMENTS
             12.1.24 JILIN CHEMICAL FIBER GROUP CO., LTD.
                        TABLE 430 JILIN CHEMICAL FIBER GROUP CO., LTD.: COMPANY OVERVIEW
                        FIGURE 97 JILIN CHEMICAL FIBER GROUP CO., LTD.: COMPANY SNAPSHOT
                        TABLE 431 JILIN CHEMICAL FIBER GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.25 JIANGSU HENGSHEN CO., LTD.
                        TABLE 432 JIANGSU HENGSHEN CO., LTD.: COMPANY OVERVIEW
                        TABLE 433 JIANGSU HENGSHEN CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 434 JIANGSU HENGSHEN CO., LTD.: PRODUCT LAUNCHES
                        TABLE 435 JIANGSU HENGSHEN CO., LTD.: DEALS
                        TABLE 436 JIANGSU HENGSHEN CO., LTD.: OTHER DEVELOPMENTS
             12.1.26 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF)
                        TABLE 437 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): COMPANY OVERVIEW
                        TABLE 438 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 439 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): PRODUCT LAUNCHES
                        TABLE 440 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): DEALS
             12.1.27 MAFIC
                        TABLE 441 MAFIC: COMPANY OVERVIEW
                        TABLE 442 MAFIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.28 KAMENNY VEK
                        TABLE 443 KAMENNY VEK: COMPANY OVERVIEW
                        TABLE 444 KAMENNY VEK: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 445 KAMENNY VEK: PRODUCT LAUNCHES
             12.1.29 TECHNOBASALT INVEST
                        TABLE 446 TECHNOBASALT INVEST: COMPANY OVERVIEW
                        TABLE 447 TECHNOBASALT INVEST: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.30 ISOMATEX
                        TABLE 448 ISOMATEX: COMPANY OVERVIEW
                        TABLE 449 ISOMATEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.1.31 POLYVLIES FRANZ BEYER GMBH & CO. KG
                        TABLE 450 POLYVLIES FRANZ BEYER GMBH & CO. KG: COMPANY OVERVIEW
                        TABLE 451 POLYVLIES FRANZ BEYER GMBH & CO. KG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.32 TECNARO GMBH
                        TABLE 452 TECNARO GMBH: COMPANY OVERVIEW
                        TABLE 453 TECNARO GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 454 TECNARO GMBH: DEALS
             12.1.33 PROCOTEX SA CORPORATION NV
                        TABLE 455 PROCOTEX SA CORPORATION NV: COMPANY OVERVIEW
                        TABLE 456 PROCOTEX SA CORPORATION NV: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.34 FLEXFORM TECHNOLOGIES
                        TABLE 457 FLEXFORM TECHNOLOGIES: COMPANY OVERVIEW
                        TABLE 458 FLEXFORM TECHNOLOGIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.35 JELU-WERK JOSEF EHRLER GMBH & CO. KG
                        TABLE 459 JELU-WERK JOSEF EHRLER GMBH & CO. KG: COMPANY OVERVIEW
                        TABLE 460 JELU-WERK JOSEF EHRLER GMBH & CO. KG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.36 MAGNA INTERNATIONAL INC.
                        TABLE 461 MAGNA INTERNATIONAL INC.: COMPANY OVERVIEW
                        TABLE 462 MAGNA INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 463 MAGNA INTERNATIONAL INC.: DEALS
                        TABLE 464 MAGNA INTERNATIONAL INC.: PRODUCT LAUNCHES
                        TABLE 465 MAGNA INTERNATIONAL INC.: OTHER DEVELOPMENTS
             12.1.37 STRONGWELL CORPORATION (COMPOSITE PART MANUFACTURERS)
                        TABLE 466 STRONGWELL CORPORATION: COMPANY OVERVIEW
                        TABLE 467 STRONGWELL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 468 STRONGWELL CORPORATION: DEALS
                        TABLE 469 STRONGWELL CORPORATION: OTHER DEVELOPMENTS
             12.1.38 SPIRIT AEROSYSTEMS (COMPOSITE PART MANUFACTURERS)
                        TABLE 470 SPIRIT AEROSYSTEMS: COMPANY OVERVIEW
                        TABLE 471 SPIRIT AEROSYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 472 SPIRIT AEROSYSTEMS: DEALS
                        TABLE 473 SPIRIT AEROSYSTEMS: PRODUCT LAUNCHES
                        TABLE 474 SPIRIT AEROSYSTEMS: OTHER DEVELOPMENTS
             12.1.39 EXEL COMPOSITES
                        TABLE 475 EXEL COMPOSITES: COMPANY OVERVIEW
                        TABLE 476 EXEL COMPOSITES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 477 EXEL COMPOSITES: DEALS
     12.2 OTHER KEY PLAYERS 
             12.2.1 BPREG COMPOSITES
                        TABLE 478 BPREG COMPOSITES: COMPANY OVERVIEW
             12.2.2 BCOMP LTD.
                        TABLE 479 BCOMP LTD.: COMPANY OVERVIEW
             12.2.3 INFINITUM COMPOSITES SIA
                        TABLE 480 INFINITUM COMPOSITES SIA: COMPANY OVERVIEW
             12.2.4 FIBRAWORKS GMBH
                        TABLE 481 FIBRAWORKS GMBH: COMPANY OVERVIEW
             12.2.5 ATOMIC-6
                        TABLE 482 ATOMIC-6: COMPANY OVERVIEW
             12.2.6 AEON-T
                        TABLE 483 AEON-T: COMPANY OVERVIEW
             12.2.7 NOVA CARBON
                        TABLE 484 NOVA CARBON: COMPANY OVERVIEW
             12.2.8 ANTEFIL COMPOSITE TECH AG
                        TABLE 485 ANTEFIL COMPOSITE TECH AG: COMPANY OVERVIEW
             12.2.9 MIDWEST COMPOSITES
                        TABLE 486 MIDWEST COMPOSITES: COMPANY OVERVIEW
             12.2.10 RRTC, INC.
                        TABLE 487 RRTC, INC.: COMPANY OVERVIEW
 
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
13 APPENDIX (Page No. - 494)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

The study involved two major activities in estimating the current size of the composites market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering composites and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the composites market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the composites market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from composites industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using the composites, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of composites and future outlook of their business which will affect the overall market.

Following is the breakdown of primary respondents:

Composites Market Size, and Share

Notes: Tiers of companies are selected based on their ownership and revenues in 2022.

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation:

The research methodology used to estimate the size of the composites market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations of composites in different applications at a regional level. Such procurements provide information on the demand aspects of the composites industry for each application. For each application, all possible segments of the composites market were integrated and mapped.

Composites Market Size: Botton Up Approach

Composites Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Composites Market Size: Top Down Approach

Composites Market Size, and Share

Data Triangulation

After arriving at the overall composites market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the automotive & transportation, wind energy, aerospace & defense, construction & infrastructure end-use industries. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Composites are materials that are created by combining two or more different constituents with different physical or chemical qualities to produce a new material with improved properties. These components usually consist of a matrix material (such as a polymer, metal, or ceramic) embedded with a reinforcement material (such as fibers or particles). The matrix material keeps the reinforcement in place and shields it from the elements, while the reinforcement material gives strength, stiffness, and other mechanical qualities. Composites have many benefits, such as a high strength-to-weight ratio, resistance to corrosion, durability, and flexibility in design, which makes them ideal for a variety of uses in a wide range of industries, including renewable energy, aerospace, automotive, and construction.

Key Stakeholders

  • Composites manufacturers and distributors
  • Key application segments for composites
  • Research and consulting firms
  • R&D institutions
  • Associations and government institutions
  • Environmental support agencies

Report Objectives

  • To analyze and forecast the size of the composites market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the market based on resin type, fiber type, manufacturing process, and end-use industry
  • To analyze and project the market based on five regions, namely, Europe, North America, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America
  • To strategically analyze the micro markets concerning individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of Rest of Asia Pacific composites market
  • Further breakdown of Rest of Europe composites market
  • Further breakdown of Rest of Middle East & Africa composites market
  • Further breakdown of Rest of Latin American composites market

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 3185
Published ON
Feb, 2024
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