PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1663371
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1663371
Global High Performance Composites Market Size Study, By Resin Type (High Performance Thermoplastic & Thermoset Composites), Fiber Type (Carbon Fiber, Aramid Fiber, S-Glass), Applications, and Regional Forecasts 2022-2032
The global high-performance composites market was valued at USD 60.9 billion in 2023 and is anticipated to grow at a CAGR of 9.1% during the forecast period, reaching USD 133.36 billion by 2032. The increasing demand for advanced polymer materials with fiber reinforcements across aerospace, automotive, and energy sectors is the primary driver propelling market growth. High-performance composites, characterized by their exceptional strength-to-weight ratio and chemical resistance, are transforming industries reliant on materials that deliver superior performance in challenging environments.
The aerospace sector remains a key contributor to market growth, where composites are increasingly utilized in commercial aircraft manufacturing. For instance, Boeing's 787 Dreamliner, which incorporates over 50% high-performance composites, exemplifies their widespread adoption. Furthermore, the growing emphasis on renewable energy sources is driving demand for these composites in wind turbine production, while applications in pressure vessels and alternative fuel vehicles are also gaining traction.
Despite their high production cost and labor-intensive manufacturing requirements, efforts to make high-performance composites more accessible to mass-market applications continue. Industry participants, alongside government initiatives, are heavily investing in cost-cutting measures to enhance affordability and scalability.
The market's adoption extends beyond niche applications like premium automobiles and military aircraft to everyday innovations, including alternative energy systems and construction materials. The development of cost-effective manufacturing processes and robust R&D initiatives are expected to unlock significant opportunities for growth.
Major market players included in this report are:
- Arkema SA
- Albany International Corporation
- BASF SE
- Teijin Ltd.
- Owens Corning Corporation
- Hexcel Corporation
- Solvay S.A.
- TPI Composites, Inc.
- Koninklijke Ten Cate BV
- SLG Group - The Carbon Company
- Toray Industries Inc.
The detailed segments and sub-segment of the market are explained below:
By Resin Type:
- High Performance Thermoplastic Composites
- Polyether Ether Ketone
- Polyphenylene Sulfide
- High Performance Thermoset Composites
- Polyester
- Epoxy
- Phenolics
- Cyanate Esters
By Fiber Type:
- Carbon Fiber Composites
- Aramid Fiber Composites
- S-Glass Composites
- Others
By Application:
- Automotive
- Defense & Aerospace
- Construction
- Medical
- Others
By Region:
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional-level analysis for each market segment.
- Detailed analysis of geographical landscapes with country-level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure in the market.
- Demand-side and supply-side analysis of the market.
Table of Contents
Chapter 1. Global High Performance Composites Market Executive Summary
- 1.1. Global High Performance Composites Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Resin Type
- 1.3.2. By Fiber Type
- 1.3.3. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendations & Conclusion
Chapter 2. Global High Performance Composites Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global High Performance Composites Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Growing Aerospace Applications
- 3.1.2. Rising Demand for Lightweight and Durable Materials in Automotive
- 3.1.3. Expansion of Wind Energy and Renewable Technologies
- 3.2. Market Challenges
- 3.2.1. High Production Costs and Labor Intensity
- 3.2.2. Limited Adoption in Price-Sensitive Markets
- 3.3. Market Opportunities
- 3.3.1. Cost Reduction through Technological Innovations
- 3.3.2. Emerging Applications in Medical and Sustainable Technologies
- 3.3.3. Government Initiatives for R&D Investments
Chapter 4. Global High Performance Composites Market Industry Analysis
- 4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Forces Model
- 4.1.7. Porter's 5 Forces Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendations & Conclusion
Chapter 5. Global High Performance Composites Market Size & Forecasts by Resin Type (2022-2032)
- 5.1. Segment Dashboard
- 5.2. Global High Performance Composites Market: Resin Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. High Performance Thermoplastic Composites
- 5.2.1.1. Polyether Ether Ketone (PEEK)
- 5.2.1.2. Polyphenylene Sulfide (PPS)
- 5.2.2. High Performance Thermoset Composites
- 5.2.2.1. Epoxy
- 5.2.2.2. Polyester
- 5.2.2.3. Phenolics
- 5.2.2.4. Cyanate Esters
- 5.2.1. High Performance Thermoplastic Composites
Chapter 6. Global High Performance Composites Market Size & Forecasts by Fiber Type (2022-2032)
- 6.1. Segment Dashboard
- 6.2. Global High Performance Composites Market: Fiber Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Carbon Fiber Composites
- 6.2.2. Aramid Fiber Composites
- 6.2.3. S-Glass Composites
- 6.2.4. Others
Chapter 7. Global High Performance Composites Market Size & Forecasts by Application (2022-2032)
- 7.1. Segment Dashboard
- 7.2. Global High Performance Composites Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Automotive
- 7.2.2. Defense & Aerospace
- 7.2.3. Construction
- 7.2.4. Medical
- 7.2.5. Others
Chapter 8. Global High Performance Composites Market Size & Forecasts by Region (2022-2032)
- 8.1. North America High Performance Composites Market
- 8.1.1. U.S. High Performance Composites Market
- 8.1.1.1. By Resin Type
- 8.1.1.2. By Fiber Type
- 8.1.1.3. By Application
- 8.1.2. Canada High Performance Composites Market
- 8.1.3. Mexico High Performance Composites Market
- 8.1.1. U.S. High Performance Composites Market
- 8.2. Europe High Performance Composites Market
- 8.2.1. UK High Performance Composites Market
- 8.2.2. Germany High Performance Composites Market
- 8.2.3. France High Performance Composites Market
- 8.2.4. Italy High Performance Composites Market
- 8.2.5. Spain High Performance Composites Market
- 8.2.6. Rest of Europe High Performance Composites Market
- 8.3. Asia Pacific High Performance Composites Market
- 8.3.1. China High Performance Composites Market
- 8.3.2. India High Performance Composites Market
- 8.3.3. Japan High Performance Composites Market
- 8.3.4. South Korea High Performance Composites Market
- 8.3.5. Australia High Performance Composites Market
- 8.3.6. Rest of Asia Pacific High Performance Composites Market
- 8.4. Latin America High Performance Composites Market
- 8.4.1. Brazil High Performance Composites Market
- 8.4.2. Argentina High Performance Composites Market
- 8.4.3. Rest of Latin America High Performance Composites Market
- 8.5. Middle East & Africa (MEA) High Performance Composites Market
- 8.5.1. Saudi Arabia High Performance Composites Market
- 8.5.2. UAE High Performance Composites Market
- 8.5.3. South Africa High Performance Composites Market
- 8.5.4. Rest of Middle East & Africa High Performance Composites Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Toray Industries Inc.
- 9.1.2. Teijin Ltd.
- 9.1.3. Hexcel Corporation
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Arkema SA
- 9.3.2. Albany International Corporation
- 9.3.3. BASF SE
- 9.3.4. Owens Corning Corporation
- 9.3.5. Solvay S.A.
- 9.3.6. TPI Composites, Inc.
- 9.3.7. Koninklijke Ten Cate BV
- 9.3.8. SLG Group - The Carbon Company
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
