Lay-up Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), End-use Industry (Aerospace & Defense, Wind Energy, Automotive & Transportation, Construction, Marine, Pipes, Tanks & Pressure Vessels, Electricals & Electronics, Others), and Region - Global Forecast to 2030

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USD 72.87 BN
MARKET SIZE, 2030
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CAGR 9.3%
(2025-2030)
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270
REPORT PAGES
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200
MARKET TABLES

OVERVIEW

Lay-up Composites Market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The lay-up composites market is projected to reach USD 72.87 billion by 2030 from USD 47.23 billion in 2025, at a CAGR of 9.3%. One of the major factors driving the global lay-up composites market is the increasing demand for lightweight materials that have high strength in the sectors like aerospace, marine, automotive, and wind energy. The use of traditional hand and automated lay-up processes continues to be popular to a great extent as these methods are very adaptable and cheap, especially when a big and complicated component in which the performance and the design flexibility are of a great need is to be produced.

KEY TAKEAWAYS

  • By Region
    The Asia Pacific region accounted for a 35.4% share of the global lay-up composites market in 2024.
  • By Fiber Type
    By fiber type, the glass fiber segment is expected to register the highest CAGR during forecast period.
  • By Resin Type
    By resin type, the thermoplastic segment is expected to register the highest CAGR during the forecast period.
  • By End-use Industry
    By end-use industry, the automotive segment accounted for the largest market share in 2024.
  • Competitive Landscape - Key Players
    Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Carbon Fiber & Composites, Hexcel Corporation, and SGL Carbon SE are identified as some of the star players in the lay-up composites market, given their strong market share and product footprint.
  • Competitive Landscape - Startups
    Atomic-6, Antefil Composite Tech AG, RRTC, Inc., and Nove Carbon, among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as market leaders.

The global lay-up composites market is gradually expanding as various industries look for materials that are light, durable, and of high performance. The demand for composites in the aerospace, marine, automotive, and wind energy is rising, which is facilitated by improvements in both manual and automated lay-up processes. The increasing emphasis on fuel efficiency, eco-friendliness, and inexpensive production is anticipated to further propel the market over the next several years.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

Changes in customer trends or disruptions impact consumers’ businesses. These shifts impact the revenues of end users. Consequently, the revenue impact on end users is expected to affect the revenues of composite suppliers, which, in turn, impacts the revenues of lay-up composites market manufacturers.

Lay-up Composites Market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Rising demand for lightweight and high-strength materials in aerospace, automotive, and wind energy
  • Increasing adoption of hand lay-up and spray lay-up for cost-effective, large-size composite structures
RESTRAINTS
Impact
Level
  • High labor dependency and requirement for skilled technicians in hand lay-up processes
  • Longer production cycles and limited automation compared to advanced composite manufacturing techniques
OPPORTUNITIES
Impact
Level
  • Increasing adoption of composites in electric vehicles, marine vessels, and renewable energy systems
  • Advancements in new resin systems and process technologies enhancing design flexibility and production efficiency
CHALLENGES
Impact
Level
  • Difficulty in ensuring uniform quality and repeatability due to manual involvement in lay-up processes
  • Limited recyclability of composite materials and increasing pressure for sustainable manufacturing practices

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Rising demand for lightweight and high-strength materials in aerospace, automotive, and wind energy

The global lay-up composites market is largely influenced by the increasing demand for light, durable, and strong materials in the aerospace, automotive, marine, and wind energy sectors. These sectors are persistently endeavoring to lessen the weight of their components to increase fuel efficiency, comply with strict emission standards, and improve the overall system performance. Lay-up composites provide an excellent combination of mechanical strength, corrosion resistance, and design freedom, thus can be used for large structural components such as aircraft interiors, wind blades, automotive body panels, and marine hulls. The switch from metals to composites, which is propelled by sustainability and performance requirements, is still going on at a fast pace.

Restraint: High labor dependency and requirement for skilled technicians in hand lay-up processes

The market expansion is significantly hindered by the high dependence on skilled labor for manual lay-up processes. Such skilled workforce is not abundantly available in many developing markets, thus causing workforce shortages and higher production costs. The differences resulting from the manual work also lead to longer times for inspection and rework. The labor-intensive nature of the lay-up composites is a bottleneck for scalability. Thus, industries that are going to be automated and have faster production cycles are affected by this limitation.

Opportunity: Increasing adoption of composites in electric vehicles, marine vessels, and renewable energy systems

Significant opportunities are unfolding as industries like electric vehicles, marine, and renewable energy ramp up their use of composite materials. Lay-up composites are the main material for lightweight body structures, battery enclosures, and aerodynamic components to improve range and performance in the EV sector. Marine manufacturers are turning to composite lay-ups to build corrosion-resistant hulls and decks that are not only stronger but also have a longer lifespan. The demand for larger and more efficient wind turbine blades is leading to the adoption of hand lay-up and spray lay-up methods as they are more suitable for large mold sizes. The demand for lay-up composites is expected to be very high as investments in green technologies and sustainability-focused product development continues.

Challenge: Difficulty in ensuring uniform quality and repeatability due to manual involvement in lay-up processes

The lay-up composites market struggles significantly in the production of consistent and repeatable product quality due to the highly manual nature of the process. Variations in operator skill, resin application, fiber placement, and curing can cause differences that influence both the structural integrity and the surface finish of the product. The absence of standardization is, therefore, quite heavily weighed with the costs of quality inspection, reworking, and material wastage. Since industries like aerospace and automotive set very high-quality standards, inconsistency issue becomes the major disadvantage. Furthermore, the worldwide move towards sustainable and circular manufacturing is imposing the need for less waste and better recyclability—two things the manual lay-up processes can hardly achieve without technological advancements.

Lay-up Composites Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Uses hand lay-up and spray lay-up composite materials for aircraft interior structures, rotorcraft blades, and aerospace fairings Improved strength-to-weight ratio, superior fatigue performance, enhanced design flexibility for aerospace parts
Applies lay-up composites in automotive body panels, sports equipment, and industrial lightweight structures Reduced vehicle weight, better impact resistance, enhanced fuel efficiency and overall structural durability
Incorporates carbon-fiber lay-up composites in wind turbine blades, marine vessels, and pressure-resistant components Longer blade lifespan, high stiffness, superior corrosion resistance, increased reliability in offshore environments
Utilizes hand lay-up composites for boat hulls, wind energy components, and industrial tooling applications Lightweight marine structures, better vibration damping, improved manufacturing efficiency in tooling systems
Produces glass-fiber lay-up composites for construction panels, piping systems, and industrial equipment housings High mechanical strength, improved corrosion resistance, cost-effective fabrication for large structural products

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The lay-up composites ecosystem analysis involves identifying and analyzing interconnected relationships among various stakeholders, including raw material suppliers, manufacturers, distributors, and end users. The raw material suppliers provide polymers, such as polyacrylonitrile, to composites manufacturers. The distributors and suppliers establish contact between the manufacturing companies and end users to streamline the supply chain, increasing operational efficiency and profitability.

Lay-up Composites Market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Lay-up Composites Market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Lay-up Composites Market, By Fiber Type

One of the major factor behind high usage of glass fiber is that it offers a balanced combination of performance, affordability, and suitability for a wide range of structural and non-structural applications. Due to its great workability, it is especially suitable for hand lay-up and spray lay-up methods, which require easy drapability, wet-out efficiency, and consistent resin compatibility for the production of large, complex shapes. Several industries such as marine, construction, transportation, and electrical systems are the major consumers of glass fiber lay-up composites, which provide them with required strength, resistance to moisture, and dimensional stability at a fraction of the price of carbon or aramid fiber-based materials.

Lay-up Composites Market, By Resin Type

Tthermoset resins account for the major share of the lay-up composites market as offer excellent process flexibility, strength structural integrity, and lasting performance necessary for big, hand-laminated parts. With their low viscosity and slow curing profile, fabricators get enough time to accurately place reinforcing fibers, remove air pockets, and achieve consistent wet-out. After curing, thermosets become rigid, cross-linked molecular structures which give them excellent dimensional stability, chemical resistance, and heat resistance. Thus, they are perfect for marine hulls, wind turbine shells, electrical housings, and industrial panels.

Electrical & Electronics Composites Market, By End-use Industry

The automotive & transportation is the leading end-use industry in the lay-up composites market due to its large and prolonged demand for light, strong, and durable materials. Automakers are required to improve fuel efficiency, lower emissions, and comply with tough safety standards. As a result, the use of advanced composites, high-strength fibers, engineered polymers, and performance chemicals is being increased. The adoption of electric vehicles (EVs) is increasing the demand for materials more than ever as there is a need for light battery housings, heat management parts, electrical insulation materials, and high-strength structural parts that can be used under more load cycles.

Lay-up Composites Market, By Region

The Asia Pacific region is the major contributor to the lay-up process market mainly because of its well-established manufacturing ecosystem, plentiful availability of skilled and cost-efficient labor, and the fast growth of major end-use industries such as automotive, aerospace, wind energy, marine, and sporting goods. China, Japan, South Korea, and India have become the new centers of the world for the production of composite components, where small- and medium-scale manufacturers opt for the lay-up process due to its flexibility, lower capital investment, and production of large, complex, and customized composite structures. The large-scale installation of wind energy in the region—mostly in China and India—is a major factor for the increasing demand for hand lay-up and spray-up techniques that are used in the fabrication of wind turbine blades and nacelles.

Lay-up Composites Market: COMPANY EVALUATION MATRIX

In the lay-up composites market matrix, Toray Industries, Inc. (Japan) leads due to its robust market share and expansive product range, leveraging its established global presence and consistently strong record in delivering advanced materials across multiple applications. Jilin Chemical Fiber Group Co., Ltd. (Emerging Leader) is increasingly gaining market momentum through strategic regional initiatives and innovative product developments.

Lay-up Composites Market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 43.18 Billion
Market Forecast in 2030 (value) USD 72.87 Billion
Growth Rate CAGR of 9.3% from 2025-2030
Years Considered 2022-2030
Base Year 2024
Forecast Period 2025-2030
Units Considered Value (USD Billion), Volume (Kiloton)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered By Fiber Type: Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites I By Resin Type: Thermoset Composites, Thermoplastic Composites I By End-use Industry: Aerospace & Defense, Wind Energy, Automotive & Transportation, Construction, Marine, Pipes, Tanks & Pressure Vessels, Electricals & Electronics, Other End-use Industries
Regions Covered North America, Asia Pacific, Europe, Latin America, Middle East & Africa

WHAT IS IN IT FOR YOU: Lay-up Composites Market REPORT CONTENT GUIDE

Lay-up Composites Market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Raw Material Suppliers (resins, fibers, fillers, prepregs) Competitive profiling of resin and fiber suppliers (thermal conductivity, mechanical strength, fire resistance, dielectric performance)
  • Identify gaps in high-performance composites
  • Highlight partnership opportunities with OEMs & manufacturers
  • Support expansion in high-growth composites clusters (China, US, Europe, ASEAN)
Composite Manufacturers (hand lay-up, spray-up, vacuum-assisted) Benchmarking manufacturing processes (hand lay-up, spray-up, vacuum infusion, resin transfer molding)
  • Enable manufacturers to position themselves globally
  • Identify process optimization and automation opportunities
  • Improve quality, cycle time, and throughput
OEMs in Automotive, Aerospace, Wind Energy, Marine Evaluation of composite compatibility by application (lightweight panels, structural components, wind turbine blades, marine hulls)
  • Strengthen sourcing strategies
  • Support transition to lightweight, high-performance composites
  • Accelerate certification for industry standards
  • Improve supply chain resilience globally
Distributors & Converters (prepreg sheets, laminates, hybrid composites)
  • Mapping regional distribution & converter landscape
  • Analysis of stocking patterns
  • pricing, logistics & margin benchmarking
  • Identify strong regional distribution partners
  • Detect market-access gaps
  • Highlight expansion opportunities in North America, Europe, and APAC
  • Optimize logistics & delivery performance for OEMs and composite manufacturers

RECENT DEVELOPMENTS

  • October 2022 : Toray Advanced Composites strengthened its commercial partnership with Specialty Materials. This partnership enables engineers to easily control and manage key variables for unique solution innovations using high-quality domestically produced products in the US supply chain.
  • September 2022 : Solvay S. A. partnered with 3Trees, a Chinese building materials manufacturer, to develop building-integrated photovoltaic (BIPV) thermoplastic polyolefin roofing membranes.
  • January 2022 : Toray Industries, Inc. developed a new analysis technology for multi-material structures that include both UD tape (unidirectional continuous fiber-reinforced tape) and injection molding materials. Toray will likely use the technology to expand the use of its materials in urban air mobility, electric vehicles, other advanced mobility fields, and traditional industrial sectors.

 

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
INTRODUCTION
1
EXECUTIVE SUMMARY
23
PREMIUM INSIGHTS
45
MARKET OVERVIEW
76
  • 4.1 INTRODUCTION
  • 4.2 MARKET DYNAMICS
    DRIVERS
    RESTRAINTS
    OPPORTUNITIES
    CHALLENGES
  • 4.3 UNMET NEEDS AND WHITE SPACES
  • 4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
  • 4.5 STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
INDUSTRY TRENDS
79
  • 5.1 PORTER'S FIVE FORCES ANALYSIS
  • 5.2 MACROECONOMIC OUTLOOK
    INTRODUCTION
    GDP TRENDS AND FORECAST
    TRENDS IN GLOBAL LAY-UP COMPOSITES MARKET
    CHALLENGES IN LAY-UP COMPOSITES MARKET
  • 5.3 SUPPLY CHAIN ANALYSIS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF RESIN TYPE, BY KEY PLAYERS (2022-2024)
    AVERAGE SELLING PRICE TREND OF FIBER TYPE (2022-2024)
    AVERAGE SELLING PRICE TREND, BY REGION (2022-2024)
  • 5.6 TRADE ANALYSIS
    IMPORT SCENARIO (HS CODE 681511/7019)
    EXPORT SCENARIO (HS CODE 681511/7019)
  • 5.7 KEY CONFERENCE & EVENTS IN 2025-2026
  • 5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
  • 5.9 INVESTMENT AND FUNDING SCENARIO
  • 5.10 CASE STUDY ANALYSIS
  • 5.11 IMPACT OF 2025 US TARIFF – LAY-UP COMPOSITES MARKET
    INTRODUCTION
    KEY TARIFF RATES
    PRICE IMPACT ANALYSIS
    IMPACT ON REGIONS*
    - North America
    - Europe
    - Asia Pacific
    IMPACTS ON END-USE INDUSTRY
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
101
  • 6.1 KEY EMERGING TECHNOLOGIES FOR GLASS FIBER COMPOSITES
    HAND LAY-UP TECHNIQUES
    INJECTION TECHNIQUES
  • 6.2 COMPLEMENTARY TECHNOLOGIES FOR CARBON FIBER COMPOSITES
    RECYCLING TECHNOLOGY
    CARBON FIBER FROM PETROLEUM RESIDUE
  • 6.3 TECHNOLOGY/PRODUCT ROADMAP
  • 6.4 PATENT ANALYSIS
  • 6.5 FUTURE APPLICATIONS
  • 6.6 IMPACT OF AI/GEN AI ON LAY-UP COMPOSITES MARKET
    TOP USE CASES AND MARKET POTENTIAL
    BEST PRACTICES FOLLOWED BY MANUFACTURERS/OEMS IN LAY-UP COMPOSITES PROCESSING
    CASE STUDIES RELATED TO AI IMPLEMENTATION IN THE LAY-UP COMPOSITES MARKET
    INTERCONNECTED ECOSYSTEM AND IMPACT ON MARKET PLAYERS
    CLIENT'S READINESS TO ADOPT GENERATIVE AI IN LAY-UP COMPOSITES MARKET
SUSTAINABILITY INITIATIVES AND REGULATORY LANDSCAPE
121
  • 7.1 REGIONAL REGULATIONS AND COMPLIANCE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    INDUSTRY STANDARDS
  • 7.2 SUSTAINABILITY INITIATIVES
  • 7.3 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES
  • 7.4 CERTIFICATIONS, LABELING, ECO-STANDARDS
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
134
  • 8.1 INTRODUCTION
  • 8.2 DECISION-MAKING PROCESS
  • 8.3 KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 8.4 ADOPTION BARRIERS & INTERNAL CHALLENGES
  • 8.5 UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
  • 8.6 MARKET PROFITABILITY
LAY-UP COMPOSITES MARKET, BY FIBER TYPE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION AND VOLUME, KILOTON)
155
  • 9.1 INTRODUCTION
  • 9.2 GLASS FIBER COMPOSITES
  • 9.3 CARBON FIBER COMPOSITES
  • 9.4 NATURAL FIBER COMPOSITES
  • 9.5 OTHER FIBER COMPOSITES
LAY-UP COMPOSITES MARKET, BY RESIN TYPE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION AND VOLUME, KILOTON)
167
  • 10.1 INTRODUCTION
  • 10.2 THERMOSET COMPOSITES
  • 10.3 THERMOPLASTIC COMPOSITES
LAY-UP COMPOSITE MARKET, BY END-USE INDUSTRY (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION AND VOLUME, KILOTON)
171
  • 11.1 INTRODUCTION
  • 11.2 AEROSPACE & DEFENSE
  • 11.3 WIND ENERGY
  • 11.4 AUTOMOTIVE & TRANSPORTATION
  • 11.5 CONSTRUCTION
  • 11.6 MARINE
  • 11.7 PIPES
  • 11.8 TANKS & PRESSURE VESSELS
  • 11.9 ELECTRICAL & ELECTRONICS
  • 11.10 OTHER END-USE INDUSTRIES
LAY-UP COMPOSITES MARKET, BY REGION (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION AND VOLUME, KILOTON)
181
  • 12.1 INTRODUCTION
  • 12.2 NORTH AMERICA
    LAY-UP COMPOSITES MARKET SIZE IN NORTH AMERICA, BY FIBER TYPE
    LAY-UP COMPOSITES MARKET SIZE IN NORTH AMERICA, BY RESIN TYPE
    LAY-UP COMPOSITES MARKET SIZE IN NORTH AMERICA, BY MANUFACTURING PROCESS
    LAY-UP COMPOSITES MARKET SIZE IN NORTH AMERICA, BY COUNTRY
    - US
    - Canada
  • 12.3 EUROPE
    LAY-UP COMPOSITES MARKET SIZE IN EUROPE, BY FIBER TYPE
    LAY-UP COMPOSITES MARKET SIZE IN EUROPE, BY RESIN TYPE
    LAY-UP COMPOSITES MARKET SIZE IN EUROPE, BY MANUFACTURING PROCESS
    LAY-UP COMPOSITES MARKET SIZE IN EUROPE, BY COUNTRY
    - Germany
    - UK
    - France
    - Italy
    - Spain
    - Rest of Europe
  • 12.4 ASIA PACIFIC
    LAY-UP COMPOSITES MARKET SIZE IN ASIA PACIFIC, BY FIBER TYPE
    LAY-UP COMPOSITES MARKET SIZE IN ASIA PACIFIC, BY RESIN TYPE
    LAY-UP COMPOSITES MARKET SIZE IN ASIA PACIFIC, BY MANUFACTURING PROCESS
    LAY-UP COMPOSITES MARKET SIZE IN ASIA PACIFIC, BY COUNTRY
    - China
    - Japan
    - India
    - South Korea
    - Rest of Asia Pacific
  • 12.5 MIDDLE EAST & AFRICA
    LAY-UP COMPOSITES MARKET SIZE IN MIDDLE EAST & AFRICA, BY FIBER TYPE
    LAY-UP COMPOSITES MARKET SIZE IN MIDDLE EAST & AFRICA, BY RESIN TYPE
    LAY-UP COMPOSITES MARKET SIZE IN MIDDLE EAST & AFRICA, BY MANUFACTURING PROCESS
    LAY-UP COMPOSITES MARKET SIZE IN MIDDLE EAST & AFRICA, BY COUNTRY
    - GCC Countries
    - South Africa
    - Rest of Middle East & Africa
COMPETITIVE LANDSCAPE
189
  • 13.1 OVERVIEW
  • 13.2 KEY PLAYERS' STRATEGIES/RIGHT TO WIN (JANUARY 2021-DECEMBER 2025)
  • 13.3 MARKET SHARE ANALYSIS, 2024
  • 13.4 REVENUE ANALYSIS, 2022-2024
  • 13.5 BRAND COMPARISON
  • 13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - Company footprint
    - Region footprint
    - Fiber type footprint
    - Resin type footprint
    - End-use industry
    - Region footprint
  • 13.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 13.8 COMPANY VALUATION AND FINANCIAL METRICS
  • 13.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
COMPANY PROFILES
196
  • 14.1 KEY PLAYERS
    TORAY INDUSTRIES, INC.
    TEIJIN LIMITED
    MITSUBISHI CHEMICAL HOLDING CORPORATION
    HEXCEL CORPORATION
    SGL CARBON SE
    OWENS CORNING
    SOLVAY S.A.
    NIPPON ELECTRIC GLASS CO., LTD.
    HUNTSMAN INTERNATIONAL LLC
    GURIT HOLDING AG
    CHINA JUSHI CO., LTD.
    SAINT-GOBAIN
    INEOS CAPITAL LIMITED
    KUREHA CORPORATION
    DOWAKSA
  • 14.2 OTHER PLAYERS
    BPREG COMPOSITES
    BCOMP LTD.
    INFINITUM COMPOSITES SIA
    FIBRAWORKS GMBH
    AEON-T
    NOVACARBON
    ANTEFIL COMPOSITE TECH AG
    AIRBONE
    FMC COMPOSITES
    MOMENTIVE
RESEARCH METHODOLOGY
213
  • 15.1 RESEARCH DATA
    - Key data from secondary sources
    PRIMARY DATA
    - Key data from primary sources
    - Key primary participants
    - Breakdown of primary interviews
    - Key industry insights
  • 15.2 MARKET SIZE ESTIMATION
    BOTTOM-UP APPROACH
    TOP-DOWN APPROACH
    BASE NUMBER CALCULATION
  • 15.3 MARKET FORECAST APPROACH
    SUPPLY SIDE
    DEMAND SIDE
  • 15.4 DATA TRIANGULATION
  • 15.5 FACTOR ANALYSIS
  • 15.6 RESEARCH ASSUMPTIONS
  • 15.7 RESEARCH LIMITATIONS AND RISK ASSESSMENT
APPENDIX
223
  • 16.1 DISCUSSION GUIDE
  • 16.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 16.3 CUSTOMIZATION OPTIONS
  • 16.4 RELATED REPORTS
  • 16.5 AUTHOR DETAILS

Methodology

The study involved two major activities in estimating the current size of the Lay-up 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 Lay-up 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 Lay-up Composites market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the Lay-up 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 Lay-up 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 Lay-up Composites, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of Lay-up Composites and future outlook of their business which will affect the overall market.

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 Lay-up 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 Lay-up Composites in different applications at a regional level. Such procurements provide information on the demand aspects of the Lay-up Composites industry for each application. For each application, all possible segments of the Lay-up Composites market were integrated and mapped.

Data Triangulation

After arriving at the overall Lay-up 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

Lay-up 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. Lay-up 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

  • Lay-up Composites manufacturers and distributors
  • Key application segments for Lay-up 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 Lay-up 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 Lay-up Composites market
  • Further breakdown of Rest of Europe Lay-up Composites market
  • Further breakdown of Rest of Middle East & Africa Lay-up Composites market
  • Further breakdown of Rest of Latin American composites market

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)

TABLE OF CONTENTS

METHODOLOGY

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Growth opportunities and latent adjacency in Lay-up Composites Market

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