Global Composite Materials Market Research Report Information By Type, By Matrices (Polymer Matrix Composite, Metal Matrix Composite and Ceramic Matrix Composites ), By Form, By Method, By End Use and By Region Forecast to 2032

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Global Composite Materials Market Research Report Information By Type (FRP Composites and Resins), By Matrices (Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC) and Ceramic Matrix Composites (CMC)), By Form (Fiber Tow, Unidirectional Tape and Cloth), By Method (Open Molding, Closed Molding and Others), By End Use (Aerospace & Defense, Automotive & Transportation, Marine, Electrical & Electronics, Building & Construction, Renewable Energy and Others) and By Region Forecast to 2032

Market Overview

During the forecast period, the Composite Materials Market is anticipated to grow at a compound annual growth rate (CAGR) of 4.3%.

Composite materials are engineered materials that are prepared by combining two or more distinct constituents, which typically exhibit distinct physical or chemical properties. This combination produces a material that exhibits improved properties, including increased durability, rigidity, and strength, in comparison to its individual components. Common examples include polymer matrix composites (PMCs), which are composed of polymer matrix and fibers such as carbon or glass, and metal matrix composites (MMCs), which combine metals with ceramic or other metallic reinforcements. The adaptability of composite materials enables the development of customized properties, rendering them suitable for a diverse array of applications in industries such as aerospace, automotive, construction, and sports equipment. These applications require performance, weight reduction, and resistance to environmental factors.

The global composite material market is primarily driven by the growing demand for high-strength and lightweight materials, particularly in sectors such as aerospace, automotive, and construction. The distinctive properties of composite materials, particularly their superior strength-to-weight ratios, render them an appealing option for a diverse array of applications, as industries endeavor to improve their efficiency, sustainability, and performance. The transition to these advanced materials is transforming the design philosophies and manufacturing processes of numerous sectors.

Market segment insights

The Composite Materials Market has been divided into two categories: FRP Composites and Resins.

The market has been structured into three categories: Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), and Ceramic Matrix Composites (CMC).

The market has been segmented into Fiber Tow, Unidirectional Tape, and Cloth based on form.

The Composite Materials market has been segmented into Open Molding, Closed Molding, and Others based on the method.

The market has been segmented into the following End Use categories: Aerospace & Defense, Automotive & Transportation, Marine, Electrical & Electronics, Building & Construction, Renewable Energy, and Others.

Regional Perspectives

The global market is divided into the following regions: North America, Europe, Asia Pacific, Latin America, Africa, and the Rest of the World. The Composite Materials Market revenue is anticipated to be dominated by Asia Pacific during the projected period.

The Asia-Pacific composite materials market is undergoing accelerated growth because of the increasing demand for lightweight materials in a variety of sectors, as well as the effects of urbanization and industrialization. Composites are being progressively integrated by manufacturers to improve fuel efficiency and performance, with the aerospace and automotive sectors emerging as the frontrunners. Advanced manufacturing technologies and infrastructure are being extensively invested in by countries such as China, India, and Japan, which are at the forefront. In infrastructure initiatives, composites are also being adopted by the construction sector due to their durability and design flexibility. Furthermore, the demand for composite materials is being stimulated by the proliferation of renewable energy initiatives, particularly in the field of wind energy.

Major Players

Toray Industries, Huntsman Corporation, Gurit Holding AG, Mitsubishi Chemical Corporation, SGL Carbon, Hexcel Corporation, Nippon Electric Glass Co., Ltd., Syensqo, Owens Corning, and Teijin Ltd. are among the key companies in the Composite Materials Market.

Product Code: MRFR/CnM/31902-CR

1 EXECUTIVE SUMMARY

1.1 GLOBAL COMPOSITE MATERIALS MARKET, BY TYPE
1.2 GLOBAL COMPOSITE MATERIALS MARKET, BY MATRICES
1.3 GLOBAL COMPOSITE MATERIALS MARKET, BY FORM
1.4 GLOBAL COMPOSITE MATERIALS MARKET, BY METHOD
1.4 GLOBAL COMPOSITE MATERIALS MARKET, BY END USE
1.5 GLOBAL COMPOSITE MATERIALS MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP DOWN & BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 DEMAND FOR LIGHTWEIGHT AND HIGH-STRENGTH MATERIALS IN SECTORS SUCH AS AEROSPACE, AUTOMOTIVE, AND CONSTRUCTION
- 4.2.2 INCREASING USE OF COMPOSITES IN CONSUMER ELECTRONICS
- 4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 HIGH INITIAL COSTS
- 4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
- 4.4.1 MATERIALS SCIENCE AND ENGINEERING
4.5 IMPACT OF COVID-19 ON GLOBAL COMPOSITE MATERIALS MARKET
4.6 IMPACT OF COVID-19 ON THE GLOBAL COMPOSITE MATERIALS MARKET
4.7 SUPPLY CHAIN IMPACT
- 4.7.1 IMPACT ON MANUFACTURER/DEVELOPER
- 4.7.2 IMPACT ON COMPONENT/SERVICES SUPPLIER
- 4.7.3 IMPACT ON DISTRIBUTION/LOGISTICS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIALS AND COMPONENTS SUPPLIERS
- 5.1.2 MANUFACTURING & ASSEMBLY
- 5.1.3 DISTRIBUTION & SALES
- 5.1.4 RETAILERS AND END-USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL COMPOSITE MATERIALS MARKET, BY TYPE

6.1 OVERVIEW
6.2 GLOBAL COMPOSITE MATERIALS MARKET SIZE: MARKET ESTIMATES & FORECAST BY TYPE, 2025-2032
- 6.2.1 GLOBAL COMPOSITE MATERIALS MARKET SIZE: MARKET ESTIMATES & FORECAST BY TYPE, 2025-2032

7 GLOBAL COMPOSITE MATERIALS MARKET, BY MATRICES

7.1 OVERVIEW
7.2 GLOBAL COMPOSITE MATERIALS MARKET SIZE, MARKET ESTIMATES & FORECAST BY MATRICES, 2025-2032
- 7.2.1 GLOBAL COMPOSITE MATERIALS MARKET SIZE: MARKET ESTIMATES & FORECAST BY MATRICES, 2025-2032

8 GLOBAL COMPOSITE MATERIALS MARKET, BY FORM

8.1 OVERVIEW
8.2 GLOBAL COMPOSITE MATERIALS MARKET SIZE, MARKET ESTIMATES & FORECAST BY FORM, 2025-2032
- 8.2.1 GLOBAL COMPOSITE MATERIALS MARKET SIZE: MARKET ESTIMATES & FORECAST BY FORM, 2025-2032

9 GLOBAL COMPOSITE MATERIALS MARKET, BY METHOD

9.1 OVERVIEW
9.2 GLOBAL COMPOSITE MATERIALS MARKET SIZE, MARKET ESTIMATES & FORECAST BY METHOD, 2025-2032
- 9.2.1 GLOBAL COMPOSITE MATERIALS MARKET SIZE: MARKET ESTIMATES & FORECAST BY METHOD, 2025-2032

9 GLOBAL COMPOSITE MATERIALS MARKET, BY END USE

9.1 OVERVIEW
9.2 GLOBAL COMPOSITE MATERIALS MARKET SIZE, MARKET ESTIMATES & FORECAST BY END USE, 2025-2032
- 9.2.1 GLOBAL COMPOSITE MATERIALS MARKET SIZE: MARKET ESTIMATES & FORECAST BY END USE, 2025-2032

10 GLOBAL COMPOSITE MATERIALS MARKET, BY REGION

10.1 OVERVIEW
10.2 NORTH AMERICA
- 10.2.1 U.S.
- 10.2.2 CANADA
10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 UK
- 10.3.3 FRANCE
- 10.3.4 RUSSIA
- 10.3.5 ITALY
- 10.3.6 SPAIN
- 10.3.7 REST OF EUROPE
10.4 ASIA PACIFIC
- 10.4.1 CHINA
- 10.4.2 INDIA
- 10.4.3 JAPAN
- 10.4.4 SOUTH KOREA
- 10.4.5 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
- 10.5.1 BRAZIL
- 10.5.2 MEXICO
- 10.5.3 ARGENTINA
- 10.5.4 REST OF LATIN AMERICA
10.6 MIDDLE EAST & AFRICA
- 10.6.1 GCC COUNTRIES
- 10.6.2 SOUTH AFRICA
- 10.6.3 REST OF THE MIDDLE EAST & AFRICA

11 COMPETITIVE LANDSCAPE

11.1 COMPETITIVE OVERVIEW
11.2 COMPETITIVE BENCHMARKING
11.3 MAJOR PLAYERS IN THE GLOBAL COMPOSITE MATERIALS MARKET
11.4 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL COMPOSITE MATERIALS MARKET
11.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.5.1 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
- 11.5.2 ACQUISITION/PARTNERSHIP

12 COMPANY PROFILES

12.1 TORAY INDUSTRIES
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES
12.2 HUNTSMAN CORPORATION
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
12.3 GURIT HOLDING AG
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGIES
12.4 MITSUBISHI CHEMICAL CORPORATION
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS/SERVICES OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGIES
12.5 SGL CARBON
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS/SERVICES OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGIES
12.6 HEXCEL CORPORATION
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS/SERVICES OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGIES
12.7 NIPPON ELECTRIC GLASS CO., LTD.
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS/SERVICES OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGIES
12.8 SYENSQO
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGIES
12.9 OWENS CORNING
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGIES
12.10 TEIJIN LTD.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGIES

13 APPENDIX

13.1 REFERENCES