Lay-Up Composites Market

The lay-up composites market is projected to grow from USD 47.23 billion in 2025 to USD 72.87 billion by 2030, at a CAGR of 9.3% during the forecast period.

The global lay-up composites market is progressively diversifying due to the demand for light and strong materials in aerospace, automotive, marine, and wind energy. Lay-up methods, in particular, conventional hand lay-up and increasingly automated techniques, are still among the most used production methods because of their adaptability, low cost, and ability to make large, complex parts of the material. The total value of the composites market has been increasing consistently and is expected to increase significantly during the next decade as manufacturers emphasize fuel efficiency, structural performance, and sustainability. The lay-up segment maintains a significant share of the market with the support of solid application growth in aircraft structures, marine hulls, turbine blades, and custom industrial parts.

The global lay-up composites market is experiencing a consistent upward trend, as the demand for lightweight, high-strength materials is increasing in the aerospace, automotive, marine, and wind energy sectors. Manual hand lay-up accounts for the largest share due to its cost-effectiveness and versatility. However, automation and advanced manufacturing processes are slowly being introduced to obtain higher productivity and product uniformity. Besides this, the market is boosted by the growing demand for clean energy solutions, mainly the production of wind turbines. Moreover, the need for environmentally friendly solutions and the continuous innovation of materials, such as recyclable resins and bio-based fibers, are some of the factors that determine the future of lay-up composites.

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

Some of the major manufacturers operating in the electrical & electronics composites market include Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Owens Corning (US), and SGL Group (Germany).

In the past few years, many of the major players have been adopting various growth strategies to strengthen their position in the global lay-up composites market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research & development activities aimed at expanding their market presence in the lay-up composites market.

Owens Corning (US)

Owens Corning is a global leader recognized for its fiberglass composites and materials for reinforcement production. The company is a significant source of fiberglass components for the wind energy, transportation, and industrial sectors. Established in 1938, it now offers a wide variety of glass fiber products, technical fabrics, and non-woven veils that are used to make composite parts stronger, lighter, and more durable. The company is equipped with a global network of manufacturing and R&D facilities and is strategically located in the lay-up composites value chain to meet the increasing demand with innovation and sustainability.

Teijin Limited (Japan)

Teijin is a Tokyo-based, technologically advanced multinational company that was established in 1918. The company is present worldwide and functions under three main sectors: high-performance materials, healthcare, and IT. The company’s material segment is engaged in various industrial applications using advanced fibers, aramid, carbon fibers, and composite materials that go through stringent testing. Teijin’s composite products are made of lightweight glass and carbon fiber reinforced materials, which can be applied in the transportation, automotive, and other industries.

Teijin, a company with a global presence covering Asia, Europe, and the Americas, is an indispensable part of the global composites value chain. By aligning material innovation with its extensive production and R&D capabilities, the company is on the frontline to meet the ever-changing market demands.

Related Reports:

Lay-up Composites Market By Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastic), End-use Industry (Aerospace, Wind Energy, Automotive, Marine, Tanks & Pressure Vessels, Others), and Region - Global Forecast To 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com