Composites Market: Valued At USD 122.91 Billion In 2023

Published: 2025-01-22
Views: 19
Author: manasi05
Published in: Business

Unlocking Market Potential: In-Depth Analysis of the Composites Market by Maximize Market Research 

Maximize Market Research unveils the latest insights into the Composites Market, a dynamic sector set for substantial growth. This comprehensive report is designed to support industry stakeholders, innovators, and decision-makers with the data and strategies they need to thrive in today’s fast-paced market environment.

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Market Scope and Methodology

Our research is grounded in a robust market-oriented approach, diving deep into the forces shaping the Composites market—trends, growth drivers, obstacles, and opportunities. Leveraging data from primary interviews with industry leaders, combined with secondary research from reports, trade journals, and government publications, we bring you a holistic view of the market landscape.

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Regional Insights and Segmentation

The Composites Market report includes a regional analysis of critical markets across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, highlighting growth hotspots and emerging opportunities. The market is segmented by product, component, size, and installation location, offering a detailed perspective that helps tailor strategies to regional needs.

by Fiber Type

Glass Fiber Composites
Carbon Fiber Composites
Natural Fiber Composites

by Resin Type

Thermoset Composites
Thermoplastic Composites

by Manufacturing Process

Layup Process
Filament Winding Process
Injection Molding Process
Pultrusion Process
Compression Molding Process
Resin Transfer Molding Process
Others

by End-User

Automotive & Transportation
Aerospace & Defense
Wind Energy
Electrical & Electronics
Construction & Infrastructure
Pipes & Tanks
Marine
Others

By Fibre Type: Glass fibre composites, carbon fibre composites, and natural fibre composites are the three market segments based on the composites market segment. Over the course of the forecast period, glass fibre composites are anticipated to dominate the composites market. Glass Fibre Composites (GFC), a class of fiber-reinforced polymer composites with a variety of remarkable qualities, are a major force behind the composites sector. With its low density, high strength, and ease of processing, GFC is widely used in a variety of industries, such as construction, automotive, and aerospace. GFC's adaptability enables it to satisfy the particular structural material needs for a wide variety of applications.

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Key Players and Competitive Landscape 

Get a clear picture of the competitive field with profiles of leading companies, their portfolios, and growth strategies. We provide a comparative analysis of market leaders, regional players, and emerging challengers, helping you understand where the biggest opportunities and challenges lie.

1. Teijin Limited - Tokyo, Japan
2. Toray Industries - Tokyo, Japan
3. Owens Corning - Toledo, Ohio, USA
4. PPG Industries - Pittsburgh, Pennsylvania, USA
5. Huntsman Corporation - The Woodlands, Texas, USA
6. Hexcel Corporation - Stamford, Connecticut, USA
7. E. I. DuPont Nemours & Co. (commonly known as DuPont) - Wilmington, Delaware, USA
8. Faurecia - Nanterre, France
9. Performance Composites Inc. - Compton, California, USA
10. Enduro Composites - Houston, Texas, USA
11. KINECO - Goa, India
12. Creative Composites Ltd. - Lisburn, Northern Ireland, UK
13. HITCO Carbon Composites - Gardena, California, USA
14. Quadrant Group of Companies - Zurich, Switzerland
15. BGF Industries - Greensboro, North Carolina, USA
16. FACC AG - Ried im Innkreis, Austria
17. Premium Aerotec - Augsburg, Germany
18. Fokker Aerostructures - Papendrecht, Netherlands
19. COTESA GmbH - Mittweida, Germany
20. Wethje Carbon Composites - Hengersberg, Germany
21. VELLO NORDIC AS - Drammen, Norway
22. Fiberdur GmbH & Co. KG - Kronberg, Germany
23. Akiet B.V. - Lemmer, Netherlands

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Key Questions Answered:

What is the forecasted growth rate of the Composites Market?

Which trends and opportunities are shaping the industry?

Who are the top players, and what’s in their portfolios?

What growth strategies can increase market presence?

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