Fiber Reinforced Polymer Composites Market Report Scope & Overview:
The Fiber Reinforced Polymer Composites market size was valued at USD 92.72 billion in 2024 and is expected to reach USD 153.01 billion by 2032, growing at a CAGR of 6.47% over the forecast period of 2025-2032.
The fiber reinforced polymer composites market size is driven by lightweight demand in the automotive and aerospace industry, increasing polymer matrix composites demand, coupled with growing acceptance of natural fiber composites, which will boost the total business growth. Sustainable materials are a key trend in the fiber reinforced polymer composites market, such as Bcomp's flax-fiber ampliTex panels being used by Eberspacher in HVAC systems. Companies in the fiber augmented polymer composites market, such as Cygnet Texkimp, are establishing novel recycling techniques that help in reclaiming carbon fibers more effectively for Ford’s hydrogen tanks, which drive the fiber reinforced polymer composites growth.
According to the American Composites Manufacturers Association, U.S. composite shipments were up 5% in January and increased to 10% in February, year over year, suggesting the fiber reinforced polymer composites market remained strong. In high-performance thermoplastics, investments are transforming the fiber reinforced polymer composites market and overall composites industry. These advances demonstrate an evolving fiber reinforced polymer composites market overview trend toward circular, next-generation materials throughout structural and transportation segments.
Market Dynamics:
Drivers:
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Government incentives are accelerating the adoption of advanced polymer composites in transportation
Government support for lightweight and fuel-efficient solutions and components is propelling the fiber reinforced polymer composites market size. The US has witnessed a rise in electric and hybrid vehicle sales, from 17.8% to 18.7% in Q12024 and Q12024, respectively, driving the demand for polymer matrix composites in structural applications. Finland's Exel Composites has delivered more than 75 km of carbon fiber tubes for rotorcraft. These sorts of programs are what’s enabling fiber reinforced polymer composites manufacturers to scale up production and help decarbonization in transportation.
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Digital manufacturing and automated lay-up enhance composite part complexity
Digital twins and robotic lay-up processes are being used in combination to create a more efficient and flexible composite industry. Business is booming for composites-based practitioners in North America, where shipments increased 5% in year-over-year growth for January 2025, with the local industry riding the wave of digital fabrication umpteenth time. These instruments help minimize waste and optimize cycle times for fiber reinforced polymer composites manufacturers, particularly in the aviation and defense industries. This automation drive is still driving the fiber reinforced polymer composites market growth.
Restraints:
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Regulatory and end-of-life recycling challenges for composite materials
End-of-life treatment is still a major issue for the fiber reinforced polymer composites market. According to the U.S. Environmental Protection Agency, composting rates are 10% or less for composite waste and mostly end up in landfills or being downcycled. Conflicting regulations between regions make the matter worse, which inhibits the large-scale application of fiber reinforced polymer composites to the circular economy. This constraint dilutes investors’ confidence and thereby stunts the market growth of environmentally friendly fiber reinforced polymer composites.
Segmentation Analysis:
By Product
Glass dominated the fiber reinforced polymer composites market in 2024 with a 47.8% share. Glass fiber’s dominance is attributed to its low cost, versatility and its huge range of application in automotive, building construction and wind energy industries among other sectors. Glass fiber composites are still the materials of choice for wind turbine blades and automobile body panels because of their strength and low weight, according to the U.S. Department of Energy Clean Energy Manufacturing Initiative. Increasing investment in infrastructure in Asia Pacific is another factor contributing to the market share of glass fibers throughout the world, keeping it stay in the top of the fiber reinforced polymer composites market.
Carbon is the fastest-growing segment in fiber reinforced polymer composites from 2025 to 2032 with a CAGR of 6.81%. Carbon fiber’s rapid growth is driven by aerospace and electric vehicle applications, where the strength-to-weight ratio is paramount, and durability is a must. Such as, Toray Advanced Composites entered into a supply agreement with Joby Aviation for carbon fiber prepregs used in electric VTOL aircraft in 2025. Rise in government backing for urban air mobility and surge in demand from defense sectors have fostered the growth of the carbon fiber market in fiber reinforced polymer composites in advanced transportation and aerospace applications.
By Resin Type
Thermoset resins dominated the fiber reinforced polymer composites market in 2024 with a 61.2% share. The dominance is due to their high thermal stability, good chemical resistance, and high strength properties. Thermoset composites are widely applied in the aerospace industry, where, by early 2025, Boeing identified and reported over 60 aircraft using epoxy-based FRPs. Thermoset resins are also stipulated for tactical vehicle armor by the U.S. Department of Defense, evidence of their importance in stringent conditions. These advantages maintain thermoset at the top in the market for fiber reinforced polymer composites.
Thermoplastic resins are the fastest-growing segment from 2025 to 2032 with a CAGR of 6.57%. Thermoplastic composites take off on account of recyclability, higher process speed, and increased toughness. In 2024, Airbus opted for thermoplastic composites for A321neo fuselage panels, thus strengthening their potential for aerospace. Their weldability and chemical resistance also favor their applications in automotive and electrical applications. Increasing environmental regulations and a focus on circular economy lead to a growing use of thermoplastics in the fiber reinforced polymer composites market in the coming years.
By Application
Automotive dominated the fiber reinforced polymer composites market in 2024 with a 31.5% share. With the automotive industry focused on lightweighting and emission reduction, the use of fiber reinforced polymer composites, especially glass fiber composites in body panels and battery enclosures, has seen a surge. Composites are part of more than 45% of new electric vehicles released in 2024, according to the American Composites Manufacturers Association. Leading OEMs - BMW and Ford – are utilizing composite-intensive chassis components for compliance with exacting fuel-efficiency and greenhouse-gas standards, consolidating the automotive space as the largest fiber reinforced polymer composites market.
Construction is the fastest-growing application from 2025 to 2032 with a CAGR of 6.87%. Fiber reinforced polymer composites are gaining more and more importance in construction around rebar and facade panels, not only for corrosion resistance and green building compliance. According to the U.S. Green Building Council, there was 20% growth in the LEED projects with the inclusion of FRP rebar by 2024. The Federal Highway Administration also backs the use of FRP materials in accelerated bridge construction. These trends make construction the largest and fastest-growing end-use segment in the fiber reinforced polymer composites market since they are contributing to sustainability goals.
Regional Analysis:
North America dominated the fiber reinforced polymer composites market in 2024 with a 33.2% share. The aerospace, automotive, and defense industries underpin leadership in the region. The US Department of Energy’s Clean Energy Manufacturing Initiative is funding R&D of glass fiber use in wind turbine parts. According to the American Composites Manufacturers Association, year-over-year composite shipments rose 5% by January 2025, pointing to robust demand for polymer matrix composites in the North American manufacturing space.
The U.S. dominated the North American market with a market size of USD 21.92 billion in 2024 and is projected to reach a value of USD 35.85 billion by 2032 by contributing around 71% of the region’s composites production in 2024. Shipments grew substantially, report the American Composites Manufacturers Association, as demand remained strong from automotive OEMs that must meet federal fuel efficiency standards. Thermoset-based armor systems were commercially developed by the U.S. Department of Defense. Companies like Owens Corning, a construction materials company, increased their manufacturing facilities in Alabama to meet increasing demand. These are some of the growth indicators of the U.S. being the major player in the North American fiber reinforced polymer composites market.
Asia Pacific held a 30.0% share in the fiber reinforced polymer composites market in 2024 and is the fastest growing region with a CAGR of 6.9%. Growth was driven by rapid urbanization, expanding electric vehicle manufacturing, and renewable energy projects across the region. The China Composites Industry Association reported a 7% increase in composite production in 2024, largely due to rising demand in transportation and infrastructure. Companies like Jushi and Shanghai Composite Group scaled up operations to meet both domestic and export needs, strengthening Asia Pacific’s market position.
Europe is the third-largest region in the fiber reinforced polymer composites market in 2024, holding a 27.1% share. Growth was driven by strong investments in wind energy and rail infrastructure modernization. The European Composites Industry Association reported a 4% increase in composite use in offshore wind farms and urban transit in Q3 2024. France and Italy secured EU Horizon funding to develop lightweight structural composites, reflecting Europe’s strategic focus on sustainable infrastructure. Germany led innovation with €20 million in government-backed R&D, supporting manufacturers like SGL Carbon and Evonik in the aerospace and automotive sectors.
Key Players:
The major fiber reinforced polymer composites market competitors include Hexcel Corporation, SGL Carbon SE, TPI Composites Inc., Toray Advanced Composites, Gurit Holding AG, Owens Corning, Mitsubishi Chemical Advanced Materials, Teijin Composite Materials, Huntsman Corporation, and Solvay Composite Materials.
Recent Developments:
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In November 2024, Toray Advanced Composites expanded its thermoplastic composite portfolio by acquiring Gordon Plastics’ assets and Colorado R&D facility, boosting production capabilities for aerospace and industrial applications.
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In October 2024, Pure Loop showcased its ISEC evo technology at Fakuma 2024, highlighting the efficient recycling of glass fiber–reinforced composites into reusable pellets for automotive and industrial applications.
Report Attributes | Details |
---|---|
Market Size in 2024 | USD 92.72 billion |
Market Size by 2032 | USD 153.01 billion |
CAGR | CAGR of 6.47% From 2025 to 2032 |
Base Year | 2024 |
Forecast Period | 2025-2032 |
Historical Data | 2021-2023 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | •By Product (Glass, Carbon, Basalt, and Aramid) •By Resin Type (Thermoset, and Thermoplastic) •By Application (Automotive, Construction, Electronic, Defense, and Others) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Hexcel Corporation, SGL Carbon SE, TPI Composites Inc., Toray Advanced Composites, Gurit Holding AG, Owens Corning, Mitsubishi Chemical Advanced Materials, Teijin Composite Materials, Huntsman Corporation, and Solvay Composite Materials |
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 Composite Consumption by End Use
5.2 Country-Level Import Export Statistics
5.3 Smart Composite Development Pipeline
5.4 Government Subsidy Allocation Analysis
5.5 Raw Material Supply Chain Mapping
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. Fiber Reinforced Polymer Composites Market Segmentation by Product
7.1 Chapter Overview
7.2 Glass
7.2.1 Glass Market Trends Analysis (2021-2032)
7.2.2 Glass Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Carbon
7.3.1 Carbon Market Trends Analysis (2021-2032)
7.3.2 Carbon Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Basalt
7.4.1 Basalt Market Trends Analysis (2021-2032)
7.4.2 Basalt Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Aramid
7.5.1 Aramid Market Trends Analysis (2021-2032)
7.5.2 Aramid Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Fiber Reinforced Polymer Composites Market Segmentation by Resin Type
8.1 Chapter Overview
8.2 Thermoset
8.2.1 Thermoset Market Trend Analysis (2021-2032)
8.2.2 Thermoset Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Thermoplastic
8.3.1 Thermoplastic Market Trends Analysis (2021-2032)
8.3.2 Thermoplastic Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Fiber Reinforced Polymer Composites Market Segmentation by Application
9.1 Chapter Overview
9.2 Automotive
9.2.1 Automotive Market Trends Analysis (2021-2032)
9.2.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Construction
9.3.1 Construction Market Trends Analysis (2021-2032)
9.3.2 Construction Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Electronic
9.4.1 Electronic Market Trends Analysis (2021-2032)
9.4.2 Electronic Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Defense
9.5.1 Defense Market Trends Analysis (2021-2032)
9.5.2 Defense Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Others
9.6.1 Others Market Trends Analysis (2021-2032)
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 Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.2.3 North America Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.2.4 North America Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.2.5 North America Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.2.6.2 USA Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.2.6.3 USA Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.2.7.2 Canada Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.2.7.3 Canada Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.2.8.2 Mexico Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.2.8.3 Mexico Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3 Europe
10.3.1 Trends Analysis
10.3.2 Eastern Europe Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.3.3 Eastern Europe Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.3.4 Eastern Europe Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.5 Eastern Europe Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.6 Germany
10.3.6.1 Germany Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.3.6.2 Germany Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.6.3 Germany Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.7 France
10.3.7.1 France Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.3.7.2 France Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.7.3 France Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.8 UK
10.3.8.1 UK Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.3.8.2 UK Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.8.3 UK Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.9 Italy
10.3.9.1 Italy Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.3.9.2 Italy Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.9.3 Italy Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.10 Spain
10.3.10.1 Spain Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.3.10.2 Spain Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.10.3 Spain Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.11 Poland
10.3.11.1 Poland Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.3.11.2 Poland Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.11.3 Poland Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.12 Turkey
10.3.12.1 Turkey Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.3.12.2 Turkey Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.12.3 Turkey Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.3.13 Rest of Europe
10.3.13.1 Rest of Europe Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.3.13.2 Rest of Europe Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.3.13.3 Rest of Europe Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.4.3 Asia Pacific Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.4.4 Asia Pacific Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.5 Asia Pacific Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.4.6.2 China Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.6.3 China Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.4.7.2 India Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.7.3 India Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.4.8.2 Japan Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.8.3 Japan Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.4.9.2 South Korea Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.9.3 South Korea Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.10 Singapore
10.4.10.1 Singapore Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.4.10.2 Singapore Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.10.3 Singapore Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.11 Australia
10.4.11.1 Australia Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.4.11.2 Australia Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.11.3 Australia Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.4.12 Rest of Asia Pacific
10.4.12.1 Rest of Asia Pacific Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.4.12.2 Rest of Asia Pacific Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.4.12.3 Rest of Asia Pacific Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Trends Analysis
10.5.2 Middle East Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.5.3 Middle East Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.5.4 Middle East Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.5 Middle East Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5.6 UAE
10.5.6.1 UAE Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.5.6.2 UAE Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.6.3 UAE Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5.7 Saudi Arabia
10.5.7.1 Saudi Arabia Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.5.7.2 Saudi Arabia Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.7.3 Saudi Arabia Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5.8 Qatar
10.5.8.1 Qatar Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.5.8.2 Qatar Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.8.3 Qatar Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5.9 South Africa
10.5.9.1 South Africa Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.5.9.2 South Africa Fiber Reinforced Polymer Composites Market Estimates and Forecasts by Resin Type (2021-2032) (USD Billion)
10.5.9.3 South Africa Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.5.10 Rest of Middle East & Africa
10.5.10.1 Rest of Middle East & Africa Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.5.10.2 Rest of Middle East & Africa Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.5.10.3 Rest of Middle East & Africa Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
10.6.3 Latin America Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.6.4 Latin America Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.6.5 Latin America Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.6.6.2 Brazil Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.6.6.3 Brazil Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.6.7.2 Argentina Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.6.7.3 Argentina Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
10.6.8 Rest of Latin America
10.6.8.1 Rest of Latin America Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Product (2021-2032) (USD Billion)
10.6.8.2 Rest of Latin America Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Resin Type (2021-2032) (USD Billion)
10.6.8.3 Rest of Latin America Fiber Reinforced Polymer Composites Market Estimates and Forecasts, by Application (2021-2032) (USD Billion)
11. Company Profiles
11.1 Hexcel Corporation
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Product/ Services Offered
11.1.4 SWOT Analysis
11.2 SGL Carbon SE
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Product/ Services Offered
11.2.4 SWOT Analysis
11.3 TPI Composites Inc.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Product/ Services Offered
11.3.4 SWOT Analysis
11.4 Toray Advanced Composites
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Product/ Services Offered
11.4.4 SWOT Analysis
11.5 Gurit Holding AG
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Product/ Services Offered
11.5.4 SWOT Analysis
11.6 Owens Corning
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Product/ Services Offered
11.6.4 SWOT Analysis
11.7 Mitsubishi Chemical Advanced Materials
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Product/ Services Offered
11.7.4 SWOT Analysis
11.8 Teijin Composite Materials
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Product/ Services Offered
11.8.4 SWOT Analysis
11.9 Huntsman Corporation
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.10 Solvay Composite Materials
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Product/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
Key Segments:
By Product
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Glass
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Carbon
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Basalt
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Aramid
By Resin Type
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Thermoset
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Thermoplastic
By Application
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Automotive
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Construction
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Electronic
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Defense
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Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
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US
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Canada
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Mexico
Europe
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Germany
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France
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UK
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Italy
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Spain
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Poland
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Turkey
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Rest of Europe
Asia Pacific
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China
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India
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Japan
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South Korea
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Singapore
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Australia
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Rest of Asia Pacific
Middle East & Africa
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UAE
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Saudi Arabia
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Qatar
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South Africa
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Rest of Middle East & Africa
Latin America
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Brazil
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Argentina
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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:
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Detailed Volume Analysis
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Criss-Cross segment analysis (e.g. Product X Application)
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Competitive Product Benchmarking
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Geographic Analysis
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Additional countries in any of the regions
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Customized Data Representation
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Detailed analysis and profiling of additional market players
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.

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.

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.

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.