The global composites market size was USD 91.29 billion in 2022 and is expected to register a rapid revenue CAGR of 7.1% during the forecast period. Rapid advancements in composites manufacturing technology and increasing use of composites in the textile industry are key factors driving market revenue growth.
The Global Composites Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Composites Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.
Effect of COVID-19 on the global market for Composites Market
The COVID-19 pandemic had a significant negative influence on the market for Composites Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Composites Market were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Composites Market in 2020. Additionally, demand for Composites Market decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Composites Market market : Competitive Landscape
The prominent players operating in the Composites Market market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Composites Market market .
Teijin Ltd., Toray Industries, Inc., Owens Corning, PPG Industries, Inc., Huntsman Corporation LLC., SGL Group, Hexcel Corporation DuPont, Compagnie de Saint-Gobain S.A., Weyerhaeuser Company, Momentive Performance Materials, Inc., Cytec Industries (Solvay, S.A.), China Jushi Co., Ltd., Kineco Limited, Veplas Group, Carbot Corporation.3M, Quadrant Group of Companies, TPI Composites, Inc., and Mitsubishi Chemical Holdings Corporation
the Global Composites Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.
Based on types, the market is segmented into
Product Outlook (Revenue, USD Billion; 2019-2032)
Glass Fiber
Carbon Fiber
Others
Manufacturing Outlook (Revenue, USD Billion; 2019-2032)
Injection Molding Process
Resin Transfer Molding Process
Pultrusion Process
Layup Process
Filament Winding Process
Compression Molding Process
Others
End-use Outlook (Revenue, USD Billion; 2019-2032)
Electrical & Electronics
Automotive & Transportation
Wind Energy
Aerospace & Defense
Pipes & Tanks
Construction & Infrastructure
Marine
Others
Regional Outlook :
The growth of the Composites Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.
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