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Advanced Composites Market Key Insights:

Advanced Composites Market Revenue Analysis

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The Advanced Composites Market size was valued at USD 38.5 billion in 2023 and is expected to reach USD 91.1 Billion by 2032, growing at a CAGR of 10.07% Over the Forecast Peroid of 2024-2032.

The advanced composites market is witnessing significant growth, driven by rising demand across various sectors, especially aerospace, automotive, and construction. Advanced composites, including carbon fiber reinforced polymers (CFRPs), glass fiber reinforced polymers (GFRPs), and aramid fibers, provide superior strength-to-weight ratios, corrosion resistance, and durability compared to conventional materials. For example, the aerospace industry is increasingly adopting CFRPs for aircraft structures to improve fuel efficiency and reduce weight. A notable instance is Boeing's 787 Dreamliner, which utilizes approximately 50% composite materials, leading to significant enhancements in fuel efficiency. In the automotive sector, manufacturers are turning to advanced composites to comply with stringent emissions regulations and enhance vehicle performance. The surge in electric vehicle (EV) production has further driven the demand for lightweight materials, highlighted by Tesla's incorporation of advanced composites in its vehicle designs to improve battery range and overall performance. Recent industry reports indicate a substantial rise in the use of composites in automotive applications, fueled by the shift toward lightweight and sustainable materials.

Advancements in manufacturing technologies, such as 3D printing and automated fiber placement, are also lowering production costs and making advanced composites more accessible. Companies like Hexcel and Toray Industries exemplify this trend, investing in innovative production methods to boost efficiency and minimize waste. Sustainability is another key growth driver, with manufacturers increasingly focusing on developing eco-friendly composite materials. The emergence of bio-based composites is noteworthy, as companies like BASF and Trex create sustainable alternatives that attract environmentally conscious consumers.

In summary, the advanced composites market is set for substantial expansion, driven by technological advancements, sustainability efforts, and rising demand from critical sectors, solidifying its essential role in the future of material science.

Market Dynamics

Drivers

  • These materials offer improved durability and resistance to corrosion, making them ideal for demanding environments.

  • Innovations in manufacturing processes, such as 3D printing and automated fiber placement, reduce costs and improve accessibility.

  • Increased production of electric vehicles necessitates lightweight materials to enhance battery efficiency and vehicle performance.

The rising production of electric vehicles (EVs) is significantly increasing the demand for advanced composites in the automotive industry. As manufacturers strive to enhance battery efficiency and overall vehicle performance, the need for lightweight materials has become critical. Advanced composites, including carbon fiber reinforced polymers (CFRPs) and glass fiber reinforced polymers (GFRPs), offer an excellent solution due to their remarkable strength-to-weight ratios. By substituting heavier traditional materials like steel and aluminum with these composites, EV manufacturers can significantly reduce the overall weight of their vehicles. This weight reduction directly improves battery efficiency, as lighter vehicles require less energy to operate, thereby extending the driving range of electric cars on a single charge. Additionally, advanced composites contribute to better vehicle performance by facilitating more innovative designs and enhancing aerodynamics. Their strength and flexibility allow for the creation of intricate shapes that improve airflow and decrease drag, further boosting energy efficiency. Companies like Tesla are at the forefront, integrating advanced composites into their vehicle designs to optimize performance while ensuring structural integrity and safety.

Furthermore, the automotive sector faces increasing pressure to comply with stringent emissions regulations. Lightweight vehicles generate less CO2, aligning with global sustainability objectives and aiding manufacturers in meeting regulatory standards. Advanced composites also offer enhanced resistance to corrosion and environmental damage, which adds to the durability and reliability of EVs.

In conclusion, the incorporation of advanced composites in electric vehicle production is essential for enhancing performance, improving battery efficiency, and adhering to regulatory standards. As the EV market continues to expand, the importance of advanced composites will only grow, propelling innovation and sustainability in the automotive sector.

Benefit

Description

Weight Reduction

Decreases vehicle mass, improving battery efficiency and range.

Enhanced Performance

Enables innovative designs that improve aerodynamics and energy usage.

Corrosion Resistance

Increases durability, leading to lower maintenance costs over time.

Safety and Strength

Maintains high safety standards while using lightweight materials.

Regulatory Compliance

Assists in meeting emissions standards by reducing overall vehicle weight.

Sustainability

Supports the development of eco-friendly vehicles through recyclable materials.

Design Flexibility

Allows for complex shapes and structures that improve vehicle aesthetics and functionality.

Restraints

  • The manufacturing processes for advanced composites are often more expensive compared to traditional materials, limiting widespread adoption.

  • The presence of alternative materials, such as metals and plastics, can hinder the growth of the advanced composites market.

  • Disruptions in the supply chain for raw materials can impact the availability and pricing of advanced composites.

Disruptions in the supply chain for raw materials can greatly affect the availability and pricing of advanced composites, which are essential in sectors such as automotive, aerospace, and construction. Advanced composites, like carbon fiber reinforced polymers (CFRPs) and glass fiber reinforced polymers (GFRPs), rely on specific materials, including carbon fibers, epoxy resins, and specialized additives. Challenges in sourcing these materials—such as production delays, transportation issues, or geopolitical tensions—can result in shortages. When supply chains are disrupted, manufacturers may find it difficult to obtain the materials necessary for producing advanced composites, leading to delays in production schedules. This can hinder their capacity to meet market demand, resulting in longer lead times for customers. Furthermore, diminished availability may push prices higher, as suppliers are likely to raise costs in response to scarcity. As a result, higher prices might deter manufacturers from using advanced composites, causing a shift back to traditional materials like metals and plastics.

Additionally, fluctuations in the prices of raw materials can introduce uncertainty for manufacturers, complicating their budgeting and financial planning. This instability can impede investment in advanced composites technology and innovation. In summary, maintaining a stable supply chain for raw materials is vital for the growth and sustainability of the advanced composites market, as it ensures consistent availability, competitive pricing, and continuous advancements in material technology.

The availability of alternative materials, such as metals and plastics, poses a notable challenge to the growth of the advanced composites market. Although advanced composites, including carbon fiber reinforced polymers (CFRPs) and glass fiber reinforced polymers (GFRPs), offer significant advantages—such as outstanding strength-to-weight ratios, corrosion resistance, and design flexibility—traditional materials continue to dominate various applications due to their established use and lower costs. Metals, such as aluminum and steel, are recognized for their strength and durability, making them the preferred choice in industries like automotive and aerospace. Conversely, plastics are valued for their lightweight nature and cost-effectiveness, particularly in applications where high strength is not critical. This widespread acceptance of alternative materials can limit the market penetration of advanced composites, as manufacturers may be reluctant to switch to these more expensive and less familiar options.

Additionally, the familiarity and established supply chains associated with metals and plastics further solidify their dominance in numerous sectors. Manufacturers often prioritize cost, ease of processing, and material availability, making it difficult for advanced composites to compete, especially in price-sensitive markets.

In summary, while advanced composites offer substantial benefits, the strong presence of alternative materials such as metals and plastics can hinder their adoption and growth. To gain traction, advanced composites must effectively demonstrate their value in performance, efficiency, and long-term cost savings to motivate a shift away from traditional materials.

Key Segmentation Analysis

By Product

The carbon fiber segment dominated the market and accounted for 67.25% revenue share in 2023, and is expected to grow at the fastest CAGR rate during the forecast period. The glass and carbon composites are dominant in using the aerospace industry because of their lightweight and exceptional impact resistance properties, which drives market opportunity. Besides, there is increasing demand for these materials in automotive, sporting goods and pipes & tanks applications. Reduced heat and impact resistance make them quite beneficial for pipe and tank manufacturing while the rising popularity of lightweight solutions will probably drive their demand in sporting goods.

Advanced glass composites will grow significantly during the forecast period, as they outperform other composites with their unique properties dimensional stability, moisture resistance, high strength, fire and chemical resistance electrical resistivity and thermal conductivity. This means that glass composites can be used for a lot of different purposes such as the electrical insulation space, various manufacturing processes, and even marine applications. Besides, the process of manufacturing glass fibers into a polymer matrix is quite economical and facilitates high strength fibers with molten material in amore attractive way. In addition, glass fibers' chemical inertness, combined with the inert properties associated with plastics, make them well-suited for many corrosive environments.

By Application

In 2023, the automotive segment dominated the market, achieving a notable revenue share of 15.75% and is projected to experience the highest compound annual growth rate (CAGR) over the forecast period. This growth is largely driven by a rising demand for durable, lightweight, and conductive materials within the automotive sector. The global automotive market is witnessing steady expansion, spurred by continuous technological advancements, an urgent need for emission reductions, and shifting economic conditions in emerging markets like India and Brazil. These factors are likely to boost the demand for advanced composites in automotive applications.

Furthermore, the increasing appetite for air travel and heightened consumer spending are anticipated to serve as significant growth drivers for the aerospace sector throughout the forecast period, thereby benefiting the advanced composites market. Additionally, rising investments in the defense industry are expected to further escalate the demand for aramid composites. With global political tensions on the rise, funding for the defense sector is projected to increase, which is likely to positively impact the demand for these products in the years to come.

Regional Analysis

In 2023, North America emerged as the leader in the advanced composites market, holding a substantial revenue share of 39.74%. The automotive sector in North America ranks among the largest in the world, with the U.S. recognized as a key automobile manufacturer. This dominant position, along with high consumer disposable income, efficient mass production capabilities, and a diverse range of product offerings, has greatly fueled industry growth in the region. As a result, the consumption of advanced composites in automotive applications is expected to increase significantly.

Conversely, the advanced composites market in Europe is anticipated to experience a considerable compound annual growth rate (CAGR) during the forecast period. The swift growth of the wind energy sector, particularly in Germany and Spain, is expected to drive the demand for composites. Furthermore, the strong expansion of the aerospace and defense industries in the region is projected to positively influence the advanced composites market.

Advanced-Composites-Market-Regional-Analysis--2023

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Key Players

The Major key Players are

  • Hexcel Corporation - Hexcel Composites

  • Toray Industries, Inc. - Toray Advanced Composites

  • Solvay S.A. - Solvay Composite Materials

  • Teijin Limited - Teijin Composites

  • SGL Carbon SE - SGL Composites

  • Mitsubishi Chemical Corporation - Mitsubishi Chemical Advanced Materials

  • 3M Company - 3M Advanced Materials

  • BASF SE - BASF Advanced Materials

  • Huntsman Corporation - Huntsman Advanced Materials

  • DSM Company - DSM Composite Resins

  • Covestro AG - Covestro Composite Solutions

  • Axiom Materials, Inc. - Axiom Advanced Composites

  • Royal Ten Cate N.V. - TenCate Advanced Composites

  • Zoltek Companies, Inc. - Zoltek Carbon Fiber

  • General Electric Company - GE Aviation Composites

  • Northrop Grumman Corporation - Northrop Grumman Aerospace Composites

  • Gurit Holding AG - Gurit Composites

  • Lanxess AG - Lanxess High Performance Materials

  • Boeing Company - Boeing Commercial Airplanes (Composites Division)

  • Airbus S.A.S. - Airbus Composites Division

Raw Material Suppliers Name

  • Hercules

  • Huntsman Advanced Materials

  • DuPont

  • Trevira GmbH

  • Kieselguhr

  • Asahi Kasei

  • BASF

  • Covestro AG

  • SABIC

  • Toray Industries

  • 3M

  • SGL Carbon

Recent Developments

  • In July 2024, Hexcel announced a collaboration with the University of Bristol to develop innovative carbon fiber applications for aerospace and automotive industries​

  • In August 2024, Toray launched a new high-performance carbon fiber aimed at enhancing the efficiency of wind turbine blades​

  • In September 2024, BASF launched a new range of thermoplastic composites specifically for the automotive industry, emphasizing sustainability​

Advanced Composites Market Report Scope:

Report Attributes Details
Market Size in 2023 USD 38.5 Billion
Market Size by 2032 USD 91.1 Billion
CAGR CAGR of 10.07 % From 2024 to 2032
Base Year 2023
Forecast Period 2024-2032
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Aramid Fiber, Carbon Fiber, Glass Fiber)
•  By Resin (Advanced Thermosetting Composites, Advanced Thermoplastic Composites)
• By Application (Aerospace & Defense, Automotive, Wind Energy, Sporting Goods and Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles HashiCorp, Amazon Web Services (AWS), Microsoft, Google Cloud, Red Hat, IBM, VMware, Puppet, Chef, Atlassian,GitLab
Key Drivers •  These materials offer improved durability and resistance to corrosion, making them ideal for demanding environments.
• Innovations in manufacturing processes, such as 3D printing and automated fiber placement, reduce costs and improve accessibility.
RESTRAINTS • The manufacturing processes for advanced composites are often more expensive compared to traditional materials, limiting widespread adoption.
• The presence of alternative materials, such as metals and plastics, can hinder the growth of the advanced composites market.

Frequently Asked Questions

Ans- Advanced Composites Market was valued at USD 38.5 billion in 2023 and is expected to reach USD 91.1 Billion by 2032, growing at a CAGR of 10.07% from 2024-2032.

Ans- the CAGR of Advanced Composites Market during the forecast period is of 10.07% from 2024-2032.

Ans- In 2023, The North America dominated the market and held the significant revenue share in 2023.

Ans- one main growth factor for the Advanced Composites Market is

  • These materials offer improved durability and resistance to corrosion, making them ideal for demanding environments.

Ans- Challenges in Advanced Composites Market are

  • The manufacturing processes for advanced composites are often more expensive compared to traditional materials, limiting widespread adoption.
  • The presence of alternative materials, such as metals and plastics, can hinder the growth of the advanced composites market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope (Inclusion and Exclusions)

1.3 Research Assumptions

2. Executive Summary

2.1 Market Overview

2.2 Regional Synopsis

2.3 Competitive Summary

3. Research Methodology

3.1 Top-Down Approach

3.2 Bottom-up Approach

3.3. Data Validation

3.4 Primary Interviews

4. Market Dynamics Impact Analysis

4.1 Market Driving Factors Analysis

4.1.1 Drivers

4.1.2 Restraints

4.1.3 Opportunities

4.1.4 Challenges

4.2 PESTLE Analysis

4.3 Porter’s Five Forces Model

5. Statistical Insights and Trends Reporting

5.1 Adoption Rates of Emerging Technologies

5.2 Network Infrastructure Expansion, by Region

5.3 Cybersecurity Incidents, by Region (2020-2023)

5.4 Cloud Services Usage, by Region

6. Competitive Landscape

6.1 List of Major Companies, By Region

6.2 Market Share Analysis, By Region

6.3 Product Benchmarking

6.3.1 Product specifications and features

6.3.2 Pricing

6.4 Strategic Initiatives

6.4.1 Marketing and promotional activities

6.4.2 Distribution and supply chain strategies

6.4.3 Expansion plans and new product launches

6.4.4 Strategic partnerships and collaborations

6.5 Technological Advancements

6.6 Market Positioning and Branding

7. Advanced Composites Market Segmentation, By Product

7.1 Chapter Overview

7.2 Aramid Fiber

7.2.1 Aramid Fiber Market Trends Analysis (2020-2032)

7.2.2 Aramid Fiber Market Size Estimates and Forecasts to 2032 (USD Billion)

7.3 Carbon Fiber

7.3.1 Carbon Fiber Market Trends Analysis (2020-2032)

7.3.2 Carbon Fiber Market Size Estimates and Forecasts to 2032 (USD Billion)

7.4 Glass Fiber

7.4.1 Glass Fiber Market Trends Analysis (2020-2032)

7.4.2 Glass Fiber Market Size Estimates and Forecasts to 2032 (USD Billion)

8. Advanced Composites Market Segmentation, by Resin

8.1 Chapter Overview

8.2 Advanced Thermosetting Composites

8.2.1 Advanced Thermosetting Composites Market Trends Analysis (2020-2032)

8.2.2 Advanced Thermosetting Composites Market Size Estimates and Forecasts to 2032 (USD Billion)

8.3 Advanced Thermoplastic Composites

8.3.1 Advanced Thermoplastic Composites Market Trends Analysis (2020-2032)

8.3.2 Advanced Thermoplastic Composites Market Size Estimates and Forecasts to 2032 (USD Billion)

9. Advanced Composites Market Segmentation, by Application

9.1 Chapter Overview

9.2 Aerospace & Defense

        9.2.1 Aerospace & Defense Market Trends Analysis (2020-2032)

9.2.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Billion)

9.3 Automotive

9.3.1 Automotive Market Trends Analysis (2020-2032)

9.3.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)

9.4 Wind Energy

9.4.1 Wind Energy Market Trends Analysis (2020-2032)

9.4.2 Wind Energy Market Size Estimates and Forecasts to 2032 (USD Billion)

9.5 Sporting Goods

              9.5.1 Sporting Goods Market Trends Analysis (2020-2032)

9.5.2 Sporting Goods Market Size Estimates and Forecasts to 2032 (USD Billion)

9.6 Others

              9.6.1 Others Market Trends Analysis (2020-2032)

9.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)

10. Regional Analysis

10.1 Chapter Overview

10.2 North America

10.2.1 Trends Analysis

10.2.2 North America Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)

10.2.3 North America Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)  

10.2.4 North America Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.2.5 North America Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.2.6 USA

10.2.6.1 USA Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.2.6.2 USA Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.2.6.3 USA Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.2.7 Canada

10.2.7.1 Canada Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.2.7.2 Canada Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.2.7.3 Canada Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.2.8 Mexico

10.2.8.1 Mexico Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.2.8.2 Mexico Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.2.8.3 Mexico Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3 Europe

10.3.1 Eastern Europe

10.3.1.1 Trends Analysis

10.3.1.2 Eastern Europe Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)

10.3.1.3 Eastern Europe Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)  

10.3.1.4 Eastern Europe Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.1.5 Eastern Europe Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.1.6 Poland

10.3.1.6.1 Poland Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.1.6.2 Poland Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.1.6.3 Poland Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.1.7 Romania

10.3.1.7.1 Romania Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.1.7.2 Romania Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.1.7.3 Romania Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.1.8 Hungary

10.3.1.8.1 Hungary Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.1.8.2 Hungary Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.1.8.3 Hungary Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.1.9 Turkey

10.3.1.9.1 Turkey Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.1.9.2 Turkey Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.1.9.3 Turkey Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.1.10 Rest of Eastern Europe

10.3.1.10.1 Rest of Eastern Europe Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.1.10.2 Rest of Eastern Europe Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.1.10.3 Rest of Eastern Europe Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.2 Western Europe

10.3.2.1 Trends Analysis

10.3.2.2 Western Europe Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)

10.3.2.3 Western Europe Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)  

10.3.2.4 Western Europe Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.2.5 Western Europe Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.2.6 Germany

10.3.2.6.1 Germany Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.2.6.2 Germany Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.2.6.3 Germany Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.2.7 France

10.3.2.7.1 France Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.2.7.2 France Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.2.7.3 France Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.2.8 UK

10.3.2.8.1 UK Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.2.8.2 UK Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.2.8.3 UK Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.2.9 Italy

10.3.2.9.1 Italy Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.2.9.2 Italy Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.2.9.3 Italy Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.2.10 Spain

10.3.2.10.1 Spain Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.2.10.2 Spain Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.2.10.3 Spain Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.2.11 Netherlands

10.3.2.11.1 Netherlands Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.2.11.2 Netherlands Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.2.11.3 Netherlands Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.2.12 Switzerland

10.3.2.12.1 Switzerland Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.2.12.2 Switzerland Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.2.12.3 Switzerland Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.2.13 Austria

10.3.2.13.1 Austria Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.2.13.2 Austria Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.2.13.3 Austria Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.3.2.14 Rest of Western Europe

10.3.2.14.1 Rest of Western Europe Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.3.2.14.2 Rest of Western Europe Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.3.2.14.3 Rest of Western Europe Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.4 Asia Pacific

10.4.1 Trends Analysis

10.4.2 Asia Pacific Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)

10.4.3 Asia Pacific Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)  

10.4.4 Asia Pacific Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.4.5 Asia Pacific Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.4.6 China

10.4.6.1 China Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.4.6.2 China Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.4.6.3 China Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.4.7 India

10.4.7.1 India Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.4.7.2 India Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.4.7.3 India Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.4.8 Japan

10.4.8.1 Japan Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.4.8.2 Japan Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.4.8.3 Japan Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.4.9 South Korea

10.4.9.1 South Korea Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.4.9.2 South Korea Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.4.9.3 South Korea Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.4.10 Vietnam

10.4.10.1 Vietnam Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.4.10.2 Vietnam Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.4.10.3 Vietnam Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.4.11 Singapore

10.4.11.1 Singapore Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.4.11.2 Singapore Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.4.11.3 Singapore Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.4.12 Australia

10.4.12.1 Australia Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.4.12.2 Australia Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.4.12.3 Australia Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.4.13 Rest of Asia Pacific

10.4.13.1 Rest of Asia Pacific Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.4.13.2 Rest of Asia Pacific Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.4.13.3 Rest of Asia Pacific Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.5 Middle East and Africa

10.5.1 Middle East

10.5.1.1 Trends Analysis

10.5.1.2 Middle East Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)

10.5.1.3 Middle East Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)  

10.5.1.4 Middle East Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.5.1.5 Middle East Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.5.1.6 UAE

10.5.1.6.1 UAE Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.5.1.6.2 UAE Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.5.1.6.3 UAE Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.5.1.7 Egypt

10.5.1.7.1 Egypt Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.5.1.7.2 Egypt Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.5.1.7.3 Egypt Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.5.1.8 Saudi Arabia

10.5.1.8.1 Saudi Arabia Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.5.1.8.2 Saudi Arabia Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.5.1.8.3 Saudi Arabia Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.5.1.9 Qatar

10.5.1.9.1 Qatar Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.5.1.9.2 Qatar Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.5.1.9.3 Qatar Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.5.1.10 Rest of Middle East

10.5.1.10.1 Rest of Middle East Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.5.1.10.2 Rest of Middle East Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.5.1.10.3 Rest of Middle East Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.5.2 Africa

10.5.2.1 Trends Analysis

10.5.2.2 Africa Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)

10.5.2.3 Africa Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)  

10.5.2.4 Africa Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.5.2.5 Africa Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.5.2.6 South Africa

10.5.2.6.1 South Africa Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.5.2.6.2 South Africa Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.5.2.6.3 South Africa Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.5.2.7 Nigeria

10.5.2.7.1 Nigeria Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.5.2.7.2 Nigeria Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.5.2.7.3 Nigeria Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.5.2.8 Rest of Africa

10.5.2.8.1 Rest of Africa Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.5.2.8.2 Rest of Africa Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.5.2.8.3 Rest of Africa Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.6 Latin America

10.6.1 Trends Analysis

10.6.2 Latin America Advanced Composites Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)

10.6.3 Latin America Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)  

10.6.4 Latin America Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.6.5 Latin America Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.6.6 Brazil

10.6.6.1 Brazil Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.6.6.2 Brazil Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.6.6.3 Brazil Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.6.7 Argentina

10.6.7.1 Argentina Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.6.7.2 Argentina Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.6.7.3 Argentina Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.6.8 Colombia

10.6.8.1 Colombia Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.6.8.2 Colombia Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.6.8.3 Colombia Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

10.6.9 Rest of Latin America

10.6.9.1 Rest of Latin America Advanced Composites Market Estimates and Forecasts, Product  (2020-2032) (USD Billion)

10.6.9.2 Rest of Latin America Advanced Composites Market Estimates and Forecasts, by Resin (2020-2032) (USD Billion)

10.6.9.3 Rest of Latin America Advanced Composites Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)

11. Company Profiles

11.1 Hexcel Corporation

11.1.1 Company Overview

11.1.2 Financial

11.1.3 Products/ Services Offered

11.1.4 SWOT Analysis

11.2 Toray Industries, Inc 

             11.2.1 Company Overview

11.2.2 Financial

11.2.3 Products/ Services Offered

11.2.4 SWOT Analysis

11.3 Solvay S.A.

11.3.1 Company Overview

11.3.2 Financial

11.3.3 Products/ Services Offered

11.3.4 SWOT Analysis

11.4 Teijin Limited

             11.4.1 Company Overview

11.4.2 Financial

11.4.3 Products/ Services Offered

11.4.4 SWOT Analysis

11.5 SGL Carbon SE

11.5.1 Company Overview

11.5.2 Financial

11.5.3 Products/ Services Offered

11.5.4 SWOT Analysis

11.6 Mitsubishi Chemical Corporation

             11.6.1 Company Overview

11.6.2 Financial

11.6.3 Products/ Services Offered

11.6.4 SWOT Analysis

11.73M Company

             11.7.1 Company Overview

11.7.2 Financial

11.7.3 Products/ Services Offered

11.7.4 SWOT Analysis

11.8 Digital Realty 

             11.8.1 Company Overview

11.8.2 Financial

11.8.3 Products/ Services Offered

11.8.4 SWOT Analysis

11.9 BASF SE

             11.9.1 Company Overview

11.9.2 Financial

11.9.3 Products/ Services Offered

11.9.4 SWOT Analysis

11.10 Huntsman Corporation

11.10.1 Company Overview

11.10.2 Financial

11.10.3 Products/ Services Offered

11.10.4 SWOT Analysis

12. Use Cases and Best Practices

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Key Segments:

By Product

  • Aramid Fiber

  • Carbon Fiber

  • Glass Fiber

 By Resin

  • Advanced Thermosetting Composites

  • Advanced Thermoplastic Composites

 By Application  

  • Aerospace & Defense

  • Automotive

  • Wind Energy

  • Sporting Goods

  • Others

Request for Segment Customization as per your Business Requirement: Segment Customization Request

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest Of Latin America

Request for Country Level Research Report: Country Level Customization Request

Available Customization

With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:

  • Product Analysis

  • Criss-Cross segment analysis (e.g. Product X Application)

  • Product Matrix which gives a detailed comparison of product portfolio of each company

  • Geographic Analysis

  • Additional countries in any of the regions

  • Company Information

  • Detailed analysis and profiling of additional market players (Up to five)


  •            5000 (33% Discount)


  •            8950 (40% Discount)


  •            3050 (23% Discount)

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