Report Highlights
The global market for composites is estimated to increase from $111.2 billion in 2021 to $161.0 billion in 2026 at a compound annual growth rate (CAGR) of 7.7% during the forecast period of 2021-2026.
Report Includes
- 110 data tables and 40 additional tables
- An up-to-date overview and analysis of the global market for composites
- Analyses of the global market trends, with data from 2020 and 2021, with projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the global composites market size in value and volumetric terms, projected market trends, and corresponding market share analysis by type of resins, fillers, reinforcements, natural fibers and nanocomposites; application; and region
- Assessment of the market growth opportunities, SWOT analysis of composites market, emerging trends and technology developments, along with the COVID-19 implications on the marketplace
- In-depth information about the resin and the manufacturing process of composite materials
- Review of latest technological advancements in the composites market and awards won by composite materials and parts manufacturers
- Discussion of the competitive landscape featuring key composites manufacturers, their financial performance and market share analysis based on the segmental revenues, and related supply chain analyses
- Descriptive company profiles of the industry leading participants, including Ashland Specialty Chemical Co., DSM Engineering Plastics, LyondellBasell, Mitsubishi Chemical Corp., Owens Corning, SGL Carbon Group, Solvay, Toray Industries Inc.
Report Scope
The scope of this report is extensive as it covers a variety of composites that are used globally. The market for composites is analyzed by dividing it based on five major types and subtypes. The report also gives revenue forecasts from 2021 to 2026 for each of these major types of composites, for their subtypes, and for the regional markets for each type of composite. Moreover, the report focuses on the major market drivers, the current trends within the industry and the major end-user industries of the global composites market. All volumes are given in thousand tons (1 metric ton = 2,204 pounds).
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2020 | ||||||||||||||||||||||||||||||||
| Forecast period considered | 2021-2026 | ||||||||||||||||||||||||||||||||
| Base year market size | $103.6 billion | ||||||||||||||||||||||||||||||||
| Market size forecast | $161 billion | ||||||||||||||||||||||||||||||||
| Growth rate | CAGR of 7.7% from 2021 to 2026 | ||||||||||||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||||||||||||
| Segments covered | Type | ||||||||||||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, Rest of the World (RoW) | ||||||||||||||||||||||||||||||||
| Countries covered | U.S., Mexico, Canada, Greenland, Iceland, Norway, Sweden, Finland, Ireland, the U.K, Denmark, Germany, Poland, France, Spain, Austria, Italy, Poland, Romania, Belarus, Ukraine, Greece, Russia, Afghanistan, Turkmenistan, Uzbekistan, Kyrgyzstan, Pakistan, India, China, North Korea, South Korea, Japan, Mongolia, Myanmar, Thailand, Vietnam, Philippines, Malaysia, Indonesia, Nepal, Bhutan, Sri Lanka, Taiwan, Laos, Cambodia, Singapore, Indonesia, Papua New Guinea, Australia New Zealand, Guatemala, Nicaragua, Ecuador, Columbia, Venezuela, Bolivia, Brazil, Chile, Paraguay, Argentina, Uruguay, United Arab Emirates (UAE), Qatar, Kuwait, Bahrain, Jordan, Saudi Arabia, Israel, Palestine, Yemen, Oman, Syria, Iran, Iraq, Turkey, Azerbaijan, Georgia, and countries in the continent of Africa including Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic (CAR), Chad, Comoros, Democratic Republic of the Congo, Republic of the Congo, Cote d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia and Zimbabwe. | ||||||||||||||||||||||||||||||||
| Companies studied |
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Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for composites should grow from $102.0 billion in 2017 to $145.7 billion by 2022, with a compound annual growth rate (CAGR) of 7.4% for the period of 2017-2022.
Report Includes
- 107 data tables
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- Analyses of global market trends, with data from 2016, 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Segmentation of the major components of this market into five major types and further breakdown by their subtypes, application markets, regional markets, and major players in each of these submarkets
- Coverage of major end-user industries and applications, including construction/infrastructure; transportation; marine markets; electrical/electronic parts/components; appliances; and consumer products (sport and leisure, lawn and garden products, etc.)
- Analysis of the market's dynamics, specifically growth drivers, inhibitors, and opportunities
- Company profiles of major players in the market, including Advanced Composites Inc., DIC Corp., GE Inc., Hexion Inc., and Toray Industries Inc.
Report Highlights
The global reinforced plastic composite market will grow from 14.8 billion pounds in 2015 to about 17.6 billion pounds by 2020, with a compound annual growth rate (CAGR) of 3.5% for the period of 2015-2020.
Report Includes
- An overview of the global market for reinforced plastic composites including resins, fillers, reinforcements, natural fibers & nanocomposites.
- Analyses of global market trends, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020.
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Report Highlights
The global reinforced plastic composite market is estimated to total 13.6 billion pounds in 2013, 14.3 billion pounds in 2014 and is expected to increase to nearly 17.2 billion pounds by 2019. This market is expected to show a compound annual growth rate (CAGR) of 3.7% through the forecast period of 2014 to 2019.
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The North American fiber-reinforced plastic/composite market is estimated at 2.7 billion pounds in 2010 and is expected to increase to about 3.1 billion by 2015, reflecting a 2.8% compound annual growth rate (CAGR).
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The U.S. market for composites increased from 2.7 billion pounds in 2006 to an estimated 2.8 billion pounds in 2007. It should reach over 3.3 billion by 2012, a compound annual growth rate of 3.3%.
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Construction/Infrastructure and automotive products are the key applications since they comprise about 60% of total volume, followed by marine, electronic components and consumer products.
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Automotive applications account for 719 million pounds and are expected to rise at an AAGR of 2.5% to 814 million pounds by 2007.
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Construction applications will rise at an AAGR of 2.7% to 688 million pounds by 2007.
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Thermosets accounted for about 62% of total volume in 2002 and will maintain that position over the next five years.
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