1	INTRODUCTION	56
1.1	STUDY OBJECTIVES	56
1.2	MARKET DEFINITION	56
1.3	INCLUSIONS & EXCLUSIONS	57
1.4	MARKET SCOPE	58
FIGURE 1	COMPOSITES MARKET SEGMENTATION	58
1.4.1	REGIONS COVERED	58
1.4.2	YEARS CONSIDERED	59
1.5	CURRENCY CONSIDERED	59
1.6	UNITS CONSIDERED	59
1.7	LIMITATIONS	59
1.8	STAKEHOLDERS	60
1.9	SUMMARY OF CHANGES	60
2	RESEARCH METHODOLOGY	61
2.1	RESEARCH DATA	61
FIGURE 2	COMPOSITES MARKET: RESEARCH DESIGN	62
2.1.1	SECONDARY DATA	63
2.1.2	PRIMARY DATA	63
2.1.2.1	Key primary participants	63
2.1.2.2	Breakdown of interviews with experts	63
2.1.2.3	Key industry insights	64
2.2	IMPACT OF RECESSION	64
2.3	MARKET SIZE ESTIMATION	65
2.3.1	BOTTOM-UP APPROACH	65
FIGURE 3	COMPOSITES MARKET: BOTTOM-UP APPROACH	65
2.3.2	TOP-DOWN APPROACH	65
FIGURE 4	COMPOSITES MARKET: TOP-DOWN APPROACH	66
2.4	BASE NUMBER CALCULATION	66
2.4.1	APPROACH 1: SUPPLY-SIDE ANALYSIS	66
2.4.2	APPROACH 2: DEMAND-SIDE ANALYSIS	67
2.5	MARKET FORECAST APPROACH	67
2.5.1	SUPPLY SIDE	67
2.5.2	DEMAND SIDE	68
2.6	DATA TRIANGULATION	68
FIGURE 5	COMPOSITES MARKET: DATA TRIANGULATION	69
2.7	FACTOR ANALYSIS	69
2.8	RESEARCH ASSUMPTIONS	70
2.9	RESEARCH LIMITATIONS	70
3	EXECUTIVE SUMMARY	71
FIGURE 6	GLASS FIBER COMPOSITES DOMINATED MARKET IN 2022	72
FIGURE 7	THERMOSET COMPOSITES DOMINATED MARKET IN 2022	72
FIGURE 8	LAY-UP MANUFACTURING PROCESS ACCOUNTED FOR LARGEST SHARE OF COMPOSITES MARKET IN 2022	73
FIGURE 9	AUTOMOTIVE AND TRANSPORTATION LED MARKET IN 2022	73
FIGURE 10	ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD	74
4	PREMIUM INSIGHTS	75
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COMPOSITES MARKET	75
FIGURE 11	SIGNIFICANT GROWTH EXPECTED IN COMPOSITES MARKET BETWEEN 2023 AND 2028	75
4.2	COMPOSITES MARKET, BY FIBER TYPE	75
FIGURE 12	GLASS FIBER COMPOSITES DOMINATED MARKET IN 2022	75
4.3	COMPOSITES MARKET, BY RESIN TYPE	76
FIGURE 13	THERMOSET COMPOSITES ACCOUNTED FOR LARGEST SHARE IN 2022	76
4.4	COMPOSITES MARKET, BY MANUFACTURING PROCESS	76
FIGURE 14	LAY-UP WAS LARGEST MANUFACTURING PROCESS IN 2022	76
4.5	COMPOSITES MARKET, BY END-USE INDUSTRY	76
FIGURE 15	AUTOMOTIVE & TRANSPORTATION INDUSTRY DOMINATED MARKET IN 2022	76
4.6	COMPOSITES MARKET, BY REGION	77
FIGURE 16	ASIA PACIFIC DOMINATED MARKET IN 2022	77
4.7	COMPOSITES MARKET, BY KEY COUNTRY	77
FIGURE 17	CHINA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD	77
5	MARKET OVERVIEW	78
5.1	INTRODUCTION	78
5.2	MARKET DYNAMICS	78
FIGURE 18	DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN COMPOSITES MARKET	78
5.2.1	DRIVERS	79
5.2.1.1	Increasing demand for composites in aerospace industry	79
TABLE 1	ORDERS OF DIFFERENT BOEING PLANES	79
5.2.1.2	Extensive use of fiberglass composites in construction & infrastructure industry	80
5.2.1.3	Wide deployment of carbon fiber in satellite components	80
5.2.1.4	Rising demand for fiberglass in automotive applications	81
5.2.1.5	Increasing use of ATF and AFP technologies in primary aircraft structures	81
5.2.1.6	Rising focus on lightweight and high-performance materials	81
5.2.2	RESTRAINTS	82
5.2.2.1	High processing and manufacturing costs	82
5.2.2.2	Lack of standardization in manufacturing technologies	82
5.2.2.3	Limited application of carbon fiber composites in high-temperature aerospace applications	82
5.2.3	OPPORTUNITIES	82
5.2.3.1	High demand for electric vehicles	82
5.2.3.2	Rising adoption of natural composites	83
5.2.3.3	Pressing need for natural and carbon fiber composites in emerging applications	83
5.2.3.4	Reduction in cost of carbon fiber composites	83
5.2.3.5	Increasing use of carbon fiber composites in 3D printing	84
5.2.3.6	Increasing number of wind energy capacity installations	84
TABLE 2	ESTIMATED GLOBAL WIND ENERGY INSTALLATIONS, 2021–2030	84
5.2.3.7	Development of advanced software tools for prepreg product development	85
5.2.3.8	High demand for carbon fiber composites in CNG and hydrogen storage	85
5.2.4	CHALLENGES	85
5.2.4.1	Developing low-cost technologies	85
5.2.4.2	Obstacles in recycling composites	85
5.3	PORTER’S FIVE FORCES ANALYSIS	86
FIGURE 19	COMPOSITES MARKET: PORTER’S FIVE FORCES ANALYSIS	86
5.3.1	THREAT OF NEW ENTRANTS	86
5.3.2	THREAT OF SUBSTITUTES	87
5.3.3	BARGAINING POWER OF BUYERS	87
5.3.4	BARGAINING POWER OF SUPPLIERS	87
5.3.5	INTENSITY OF COMPETITIVE RIVALRY	87
TABLE 3	COMPOSITES MARKET: PORTER’S FIVE FORCES ANALYSIS	88
5.4	ECOSYSTEM MAP	88
FIGURE 20	KEY PLAYERS IN COMPOSITE MARKET ECOSYSTEM	88
FIGURE 21	ECOSYSTEM ANALYSIS: COMPOSITES MARKET	89
5.5	PRICING ANALYSIS	89
5.5.1	AVERAGE SELLING PRICE, BY END-USE INDUSTRY (KEY PLAYERS)	90
FIGURE 22	AVERAGE SELLING PRICE OF COMPOSITES OFFERED BY KEY PLAYERS FOR TOP THREE END-USE INDUSTRIES (USD/KG)	90
5.5.2	AVERAGE SELLING PRICE, BY FIBER TYPE	90
FIGURE 23	AVERAGE SELLING PRICE BASED ON FIBER TYPE (USD/KG)	90
5.5.3	AVERAGE SELLING PRICE, BY RESIN TYPE	91
FIGURE 24	AVERAGE SELLING PRICE BASED ON RESIN TYPE (USD/KG)	91
5.5.4	AVERAGE SELLING PRICE, BY REGION	91
TABLE 4	AVERAGE SELLING PRICE OF COMPOSITES, BY REGION	91
5.6	SUPPLY CHAIN ANALYSIS	92
5.7	VALUE CHAIN ANALYSIS	92
FIGURE 25	COMPOSITES MARKET: VALUE CHAIN ANALYSIS	92
5.7.1	RAW MATERIALS	93
FIGURE 26	LEADING COMPOSITE RAW MATERIAL MANUFACTURERS AND SUPPLIERS	93
5.7.2	INTERMEDIATES	93
FIGURE 27	LEADING COMPOSITE INTERMEDIATE MANUFACTURERS	94
5.7.3	MOLDERS	94
FIGURE 28	LEADING MOLDERS IN COMPOSITES MARKET	95
5.7.4	OEM/ASSEMBLY	95
FIGURE 29	MAJOR END USERS OF COMPOSITE PRODUCTS	95
5.7.5	DISTRIBUTION CHANNEL	96
5.8	TRADE ANALYSIS	97
5.8.1	EXPORT SCENARIO FOR HS CODE 7019	97
FIGURE 30	EXPORT OF GLASS FIBERS, BY KEY COUNTRY, 2018–2022 (USD THOUSAND)	97
TABLE 5	TOP 10 EXPORTING COUNTRIES IN 2022	97
5.8.2	IMPORT SCENARIO FOR HS CODE 7019	98
FIGURE 31	IMPORT OF GLASS FIBERS, BY KEY COUNTRY, 2018–2022 (USD THOUSAND)	98
TABLE 6	TOP 10 IMPORTING COUNTRIES IN 2022	98
5.8.3	EXPORT SCENARIO FOR HS CODE 681511	99
TABLE 7	TOP 15 EXPORTING COUNTRIES IN 2022	99
5.8.4	IMPORT SCENARIO FOR HS CODE 681511	100
TABLE 8	TOP 15 IMPORTING COUNTRIES IN 2022	100
5.9	TECHNOLOGY ANALYSIS	100
TABLE 9	COMPARATIVE STUDY OF MAJOR COMPOSITE MANUFACTURING PROCESSES	101
5.9.1	KEY TECHNOLOGY ANALYSIS FOR GLASS FIBER COMPOSITES	102
5.9.2	KEY TECHNOLOGY ANALYSIS FOR CARBON FIBER COMPOSITES	102
5.9.3	COMPLEMENTARY TECHNOLOGY FOR LATEST MANUFACTURING PROCESS OF CARBON FIBERS	104
5.9.4	KEY TECHNOLOGY ANALYSIS FOR NATURAL FIBER COMPOSITES	104
TABLE 10	COMPARATIVE STUDY OF MAJOR NATURAL FIBER COMPOSITE MANUFACTURING PROCESSES	104
5.9.5	KEY STAKEHOLDERS & BUYING CRITERIA	105
5.9.5.1	Key stakeholders in buying process	105
FIGURE 32	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES	105
TABLE 11	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES	105
5.9.6	BUYING CRITERIA	105
FIGURE 33	KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES	105
TABLE 12	KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES	106
5.10	PATENT ANALYSIS	106
5.10.1	INTRODUCTION	106
5.10.2	METHODOLOGY	106
5.10.3	DOCUMENT TYPES	106
TABLE 13	COMPOSITES MARKET: GLOBAL PATENTS	107
FIGURE 34	GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE	107
FIGURE 35	GLOBAL PATENT PUBLICATION TREND ANALYSIS, LAST 5 YEARS	107
5.10.4	INSIGHTS	108
5.10.5	LEGAL STATUS OF PATENTS	108
FIGURE 36	COMPOSITES MARKET: LEGAL STATUS OF PATENTS	108
5.10.6	JURISDICTION ANALYSIS	108
FIGURE 37	GLOBAL JURISDICTION ANALYSIS	108
5.10.7	TOP APPLICANT ANALYSIS	109
FIGURE 38	UNIVERSITY OF TIAJIN ACCOUNTED FOR HIGHEST NUMBER OF PATENTS	109
5.10.8	PATENTS BY BOEING	109
5.10.9	PATENTS BY UNIVERSITY OF TIAJIN	110
5.10.10	PATENTS BY STATE GRID CORP CHINA	111
5.10.11	TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS	112
5.11	TARIFFS AND REGULATIONS	112
5.11.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	112
TABLE 14	NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	112
TABLE 15	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	113
TABLE 16	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	114
TABLE 17	REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	114
5.11.2	STANDARDS IN COMPOSITES MARKET	115
TABLE 18	CURRENT STANDARD CODES FOR AUTOMOTIVE COMPOSITES	115
TABLE 19	CURRENT STANDARD CODES FOR CONSTRUCTION COMPOSITES	116
5.12	KEY CONFERENCES & EVENTS IN 2023–2024	117
TABLE 20	COMPOSITES MARKET: KEY CONFERENCES & EVENTS, 2023–2024	117
5.13	CASE STUDY ANALYSIS	119
5.14	TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS	119
FIGURE 39	REVENUE SHIFT AND NEW REVENUE POCKETS IN COMPOSITES MARKET	119
5.15	COMPOSITES INVESTMENT LANDSCAPE	120
FIGURE 40	INVESTOR DEALS AND FUNDING IN COMPOSITES MARKET SOARED IN 2023	120
5.16	APPLICATION OF COMPOSITES	120
5.16.1	COMPOSITES IN ELECTRIC-POWERED AIRCRAFT	120
5.16.2	EMERGING NEED FOR COMPOSITES IN URBAN TAXIS	120
5.16.3	APPLICATION OF COMPOSITES IN SENSOR POSITION OPTIMIZATION	121
5.16.4	COMPOSITES FOR HYPERSONIC AIRCRAFT	121
6	COMPOSITES MARKET, BY MANUFACTURING PROCESS	122
6.1	INTRODUCTION	123
FIGURE 41	LAY-UP MANUFACTURING PROCESS TO DOMINATE MARKET DURING FORECAST PERIOD	123
TABLE 21	COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION)	123
TABLE 22	COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON)	124
TABLE 23	COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)	124
TABLE 24	COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)	124
6.2	LAY-UP PROCESS	125
6.2.1	DEMAND FROM AEROSPACE & DEFENSE SECTOR TO DRIVE MARKET	125
FIGURE 42	ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD	125
6.2.2	LAY-UP PROCESS: COMPOSITES MARKET, BY REGION	126
TABLE 25	LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	126
TABLE 26	LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	126
TABLE 27	LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	126
TABLE 28	LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	127
6.3	FILAMENT WINDING PROCESS	127
6.3.1	HIGH DEPLOYMENT IN MARINE AND CONSTRUCTION END-USE INDUSTRIES TO DRIVE MARKET	127
FIGURE 43	ASIA PACIFIC TO LEAD FILAMENT WINDING PROCESS SEGMENT DURING FORECAST PERIOD	127
6.3.2	FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION	128
TABLE 29	FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	128
TABLE 30	FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	128
TABLE 31	FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	128
TABLE 32	FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	129
6.4	INJECTION MOLDING PROCESS	129
6.4.1	LARGE PRODUCTION VOLUME AND LOW COSTS TO DRIVE MARKET	129
FIGURE 44	NORTH AMERICA TO BE LARGEST MARKET FOR INJECTION MOLDING PROCESS DURING FORECAST PERIOD	130
6.4.2	INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION	130
TABLE 33	INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	130
TABLE 34	INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	130
TABLE 35	INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	131
TABLE 36	INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	131
6.5	PULTRUSION PROCESS	132
6.5.1	LOW-COST PRODUCTION METHOD TO BOOST MARKET	132
FIGURE 45	ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD	132
6.5.2	PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION	132
TABLE 37	PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	132
TABLE 38	PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	133
TABLE 39	PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	133
TABLE 40	PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	133
6.6	COMPRESSION MOLDING PROCESS	134
6.6.1	LOW INVESTMENT AND MINIMAL MAINTENANCE TO DRIVE MARKET	134
FIGURE 46	ASIA PACIFIC TO BE LARGEST MARKET FOR COMPRESSION MOLDING PROCESS	134
6.6.2	COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION	134
TABLE 41	COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	134
TABLE 42	COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	135
TABLE 43	COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	135
TABLE 44	COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	135
6.7	RESIN TRANSFER MOLDING (RTM) PROCESS	136
6.7.1	DEMAND FOR COMPLEX STRUCTURES FROM AUTOMOTIVE AND AEROSPACE INDUSTRY TO DRIVE MARKET	136
FIGURE 47	ASIA PACIFIC TO BE LARGEST MARKET FOR RESIN TRANSFER MOLDING PROCESS	136
6.7.2	RTM PROCESS: COMPOSITES MARKET, BY REGION	136
TABLE 45	RTM PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	136
TABLE 46	RTM PROCESS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	137
TABLE 47	RTM PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	137
TABLE 48	RTM PROCESS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	137
6.8	OTHER MANUFACTURING PROCESSES	138
FIGURE 48	ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD	138
6.8.1	OTHER MANUFACTURING PROCESSES: COMPOSITES MARKET, BY REGION	138
TABLE 49	OTHER MANUFACTURING PROCESSES: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	138
TABLE 50	OTHER MANUFACTURING PROCESSES: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	139
TABLE 51	OTHER MANUFACTURING PROCESSES: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	139
TABLE 52	OTHER MANUFACTURING PROCESSES: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	139
7	COMPOSITES MARKET, BY FIBER TYPE	140
7.1	INTRODUCTION	141
FIGURE 49	GLASS FIBER COMPOSITES TO DOMINATE MARKET	141
TABLE 53	COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION)	141
TABLE 54	COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (KILOTON)	142
TABLE 55	COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION)	142
TABLE 56	COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (KILOTON)	142
7.2	GLASS FIBER COMPOSITES	143
FIGURE 50	ASIA PACIFIC TO BE LARGEST GLASS FIBER COMPOSITES MARKET DURING FORECAST PERIOD	143
7.2.1	GLASS FIBER: COMPOSITES MARKET, BY REGION	143
TABLE 57	GLASS FIBER: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	143
TABLE 58	GLASS FIBER: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	144
TABLE 59	GLASS FIBER: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	144
TABLE 60	GLASS FIBER: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	144
7.3	CARBON FIBER COMPOSITES	145
FIGURE 51	ASIA PACIFIC TO RECORD FASTEST GROWTH DURING FORECAST PERIOD	145
7.3.1	CARBON FIBER: COMPOSITES MARKET, BY REGION	146
TABLE 61	CARBON FIBER: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	146
TABLE 62	CARBON FIBER: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	146
TABLE 63	CARBON FIBER COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	146
TABLE 64	CARBON FIBER: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	147
7.4	NATURAL FIBER COMPOSITES	147
TABLE 65	NATURAL FIBER COMPOSITES IN AUTOMOTIVE SECTOR, BY DIFFERENT MANUFACTURERS	147
7.4.1	NATURAL FIBER COMPOSITES MARKET, BY REGION	148
TABLE 66	NATURAL FIBER: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	148
TABLE 67	NATURAL FIBER: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	148
TABLE 68	NATURAL FIBER: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	148
TABLE 69	NATURAL FIBER: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	149
7.5	OTHER FIBER TYPES	149
7.5.1	BASALT FIBER COMPOSITES	149
7.5.2	ARAMID FIBER COMPOSITES	150
7.5.3	BORON FIBER COMPOSITES	150
7.5.4	HYBRID FIBER COMPOSITES	150
7.5.5	ULTRA-HIGH-MOLECULAR-WEIGHT POLYETHYLENE (UHMWPE) FIBER COMPOSITES	150
7.5.6	OTHER FIBER TYPES: COMPOSITES MARKET, BY REGION	150
TABLE 70	OTHER FIBER TYPES: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	150
TABLE 71	OTHER FIBER TYPES: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	151
TABLE 72	OTHER FIBER TYPES: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	151
TABLE 73	OTHER FIBER TYPES: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	151
8	COMPOSITES MARKET, BY RESIN TYPE	152
8.1	INTRODUCTION	153
FIGURE 52	THERMOSET COMPOSITES TO DOMINATE MARKET DURING FORECAST PERIOD	153
TABLE 74	COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION)	153
TABLE 75	COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (KILOTON)	154
TABLE 76	COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)	154
TABLE 77	COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)	154
8.2	THERMOSET COMPOSITES	155
8.2.1	INCREASING DEMAND FROM END-USE INDUSTRIES IN ASIA PACIFIC TO DRIVE MARKET	155
8.2.2	EPOXY RESIN	155
8.2.3	POLYESTER RESIN	155
8.2.4	VINYL ESTER RESIN	156
8.2.5	POLYURETHANE RESIN	156
8.2.6	OTHER THERMOSET COMPOSITES	156
FIGURE 53	ASIA PACIFIC TO BE LARGEST THERMOSET COMPOSITES MARKET	156
8.2.7	THERMOSET COMPOSITES MARKET, BY REGION	157
TABLE 78	THERMOSET COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	157
TABLE 79	THERMOSET COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	157
TABLE 80	THERMOSET COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	157
TABLE 81	THERMOSET COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	158
8.3	THERMOPLASTIC COMPOSITES	158
8.3.1	INCREASING DEMAND FROM AEROSPACE & TRANSPORTATION INDUSTRIES TO DRIVE MARKET	158
8.3.2	POLYCARBONATES	158
8.3.3	POLYPROPYLENE	159
8.3.4	POLYPHENYLENE SULFIDE	159
8.3.5	POLYETHERIMIDE	159
8.3.6	POLYETHERETHERKETONE	159
8.3.7	POLYAMIDE	159
8.3.8	OTHER THERMOPLASTIC COMPOSITES	160
FIGURE 54	ASIA PACIFIC TO BE LARGEST THERMOPLASTIC COMPOSITES MARKET	160
8.3.9	THERMOPLASTIC COMPOSITES MARKET, BY REGION	160
TABLE 82	THERMOPLASTIC COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	160
TABLE 83	THERMOPLASTIC COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	161
TABLE 84	THERMOPLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	161
TABLE 85	THERMOPLASTIC COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	161
9	COMPOSITES MARKET, BY END-USE INDUSTRY	163
9.1	INTRODUCTION	164
FIGURE 55	TRANSPORTATION INDUSTRY TO DOMINATE COMPOSITES MARKET DURING FORECAST PERIOD	164
TABLE 86	COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)	165
TABLE 87	COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)	165
TABLE 88	COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	166
TABLE 89	COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	166
9.2	AEROSPACE & DEFENSE	167
9.2.1	INCREASING DEMAND FOR CARBON COMPOSITES IN AIRFRAME STRUCTURES TO DRIVE MARKET	167
9.2.2	CIVIL	167
9.2.3	DEFENSE	167
TABLE 90	NUMBER OF NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION (2023–2042)	168
FIGURE 56	EUROPE TO WITNESS HIGHEST DEMAND FOR COMPOSITES FROM AEROSPACE & DEFENSE END-USE INDUSTRY	169
9.2.4	AEROSPACE & DEFENSE: COMPOSITES MARKET, BY REGION	169
TABLE 91	AEROSPACE & DEFENSE: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	169
TABLE 92	AEROSPACE & DEFENSE: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	169
TABLE 93	AEROSPACE & DEFENSE: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	170
TABLE 94	AEROSPACE & DEFENSE: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	170
9.3	WIND ENERGY	171
9.3.1	PRESSING NEED FOR FIBER GLASS IN WIND TURBINES TO DRIVE MARKET	171
FIGURE 57	ASIA PACIFIC TO WITNESS HIGHEST DEMAND FROM WIND ENERGY INDUSTRY	171
9.3.2	WIND ENERGY: COMPOSITES MARKET, BY REGION	171
TABLE 95	WIND ENERGY: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	171
TABLE 96	WIND ENERGY: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	172
TABLE 97	WIND ENERGY: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	172
TABLE 98	WIND ENERGY: COMPOSITES MARKET, 2023–2028 (KILOTON)	172
9.4	AUTOMOTIVE & TRANSPORTATION	173
9.4.1	INCREASING DEMAND FROM AUTOMOTIVE SECTOR TO BOOST MARKET	173
TABLE 99	COST BENEFITS OF COMPOSITE PARTS VS. STEEL PARTS	173
9.4.2	AUTOMOTIVE	174
9.4.3	RECREATIONAL VEHICLES	174
9.4.4	BUS, TRUCKS, AND OTHER HEAVY VEHICLES	174
9.4.5	METROS AND MONORAILS	174
9.4.6	PASSENGER RAILS	174
9.4.7	HIGH-SPEED AND BULLET TRAINS	174
FIGURE 58	ASIA PACIFIC TO LEAD MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY	175
9.4.8	AUTOMOTIVE & TRANSPORTATION: COMPOSITES MARKET, BY REGION	175
TABLE 100	AUTOMOTIVE & TRANSPORTATION: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	175
TABLE 101	AUTOMOTIVE & TRANSPORTATION: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	175
TABLE 102	AUTOMOTIVE & TRANSPORTATION: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	176
TABLE 103	AUTOMOTIVE & TRANSPORTATION: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	176
9.5	CONSTRUCTION & INFRASTRUCTURE	176
9.5.1	WIDE USE OF COMPOSITES IN CONCRETE STRUCTURES TO BOOST MARKET	176
FIGURE 59	ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY	177
9.5.2	CONSTRUCTION & INFRASTRUCTURE: COMPOSITES MARKET, BY REGION	177
TABLE 104	CONSTRUCTION & INFRASTRUCTURE: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	177
TABLE 105	CONSTRUCTION & INFRASTRUCTURE: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	177
TABLE 106	CONSTRUCTION & INFRASTRUCTURE: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	178
TABLE 107	CONSTRUCTION & INFRASTRUCTURE: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	178
9.6	PIPES	178
9.6.1	INCREASING DEMAND FROM OIL & GAS INDUSTRY TO BOOST MARKET	178
FIGURE 60	ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN PIPES END-USE INDUSTRY	179
9.6.2	PIPES: COMPOSITES MARKET, BY REGION	179
TABLE 108	PIPES: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	179
TABLE 109	PIPES: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	179
TABLE 110	PIPES: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	180
TABLE 111	PIPES: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	180
9.7	MARINE	181
9.7.1	INCREASING USE OF COMPOSITES IN YACHTS AND CATAMARANS TO BOOST MARKET	181
9.7.2	POWERBOAT	181
9.7.3	SAILBOAT	181
9.7.4	CRUISE SHIP	181
9.7.5	OTHERS	181
FIGURE 61	NORTH AMERICA TO BE LARGEST MARKET COMPOSITES IN MARINE END-USE INDUSTRY	182
9.7.6	MARINE: COMPOSITES MARKET, BY REGION	182
TABLE 112	MARINE: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	182
TABLE 113	MARINE: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	182
TABLE 114	MARINE: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	183
TABLE 115	COMPOSITES MARKET IN MARINE END-USE INDUSTRY, BY REGION, 2023–2028 (KILOTON)	183
9.8	TANKS & PRESSURE VESSELS	184
9.8.1	WIDE DEPLOYMENT OF COMPOSITE VESSELS IN WATER DISTRIBUTION NETWORKS TO DRIVE MARKET	184
FIGURE 62	ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN TANKS & PRESSURE VESSEL END-USE INDUSTRY	184
9.8.2	TANKS & PRESSURE VESSELS: COMPOSITES MARKET, BY REGION	184
TABLE 116	TANKS & PRESSURE VESSELS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	184
TABLE 117	TANKS & PRESSURE VESSELS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	185
TABLE 118	TANKS & PRESSURE VESSELS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	185
TABLE 119	TANKS & PRESSURE VESSELS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	185
9.9	ELECTRICAL & ELECTRONICS	186
9.9.1	APPLICATION OF COMPOSITES IN PRINTED CIRCUIT BOARDS AND COMPUTER TERMINAL HOUSINGS TO DRIVE MARKET	186
FIGURE 63	ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY	186
9.9.2	ELECTRICAL & ELECTRONICS: COMPOSITES MARKET, BY REGION	187
TABLE 120	ELECTRICAL & ELECTRONICS: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	187
TABLE 121	ELECTRICAL & ELECTRONICS: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	187
TABLE 122	ELECTRICAL & ELECTRONICS: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	187
TABLE 123	ELECTRICAL & ELECTRONICS: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	188
9.10	OTHER END-USE INDUSTRIES	188
9.10.1	INDUSTRIAL	188
9.10.2	HEALTHCARE	188
9.10.3	SPORTING GOODS	188
FIGURE 64	ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD	189
9.10.4	OTHER END-USE INDUSTRIES: COMPOSITES MARKET, BY REGION	189
TABLE 124	OTHER END-USE INDUSTRIES: COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	189
TABLE 125	OTHER END-USE INDUSTRIES: COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	189
TABLE 126	OTHER END-USE INDUSTRIES: COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	190
TABLE 127	OTHER END-USE INDUSTRIES: COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	190
10	COMPOSITES MARKET, BY REGION	191
10.1	INTRODUCTION	192
FIGURE 65	CHINA TO BE FASTEST-GROWING COMPOSITES MARKET DURING FORECAST PERIOD	192
TABLE 128	COMPOSITES MARKET, BY REGION, 2020–2022 (USD MILLION)	192
TABLE 129	COMPOSITES MARKET, BY REGION, 2020–2022 (KILOTON)	193
TABLE 130	COMPOSITES MARKET, BY REGION, 2023–2028 (USD MILLION)	193
TABLE 131	COMPOSITES MARKET, BY REGION, 2023–2028 (KILOTON)	193
10.2	NORTH AMERICA	194
10.2.1	RECESSION IMPACT	194
FIGURE 66	NORTH AMERICA: COMPOSITES MARKET SNAPSHOT	195
10.2.2	NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE	195
TABLE 132	NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION)	195
TABLE 133	NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (KILOTON)	196
TABLE 134	NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION)	196
TABLE 135	NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (KILOTON)	196
10.2.3	NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS	197
TABLE 136	NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION)	197
TABLE 137	NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON)	197
TABLE 138	NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)	198
TABLE 139	NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)	198
10.2.4	NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE	199
TABLE 140	NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION)	199
TABLE 141	NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (KILOTON)	199
TABLE 142	NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)	199
TABLE 143	NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)	199
10.2.5	NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY	200
TABLE 144	NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)	200
TABLE 145	NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)	200
TABLE 146	NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	201
TABLE 147	NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	201
10.2.6	NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY	202
TABLE 148	NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (USD MILLION)	202
TABLE 149	NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (KILOTON)	202
TABLE 150	NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	202
TABLE 151	NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON)	202
10.2.6.1	US	203
10.2.6.1.1	Rising demand for commercial & next-generation aircraft to boost market	203
TABLE 152	US: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)	203
TABLE 153	US: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)	203
TABLE 154	US: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	204
TABLE 155	US: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	204
TABLE 156	US: NEW WIND ENERGY INSTALLATIONS, 2010–2022 (MW)	205
10.2.6.2	Canada	205
10.2.6.2.1	Demand from aerospace industry to drive market	205
TABLE 157	CANADA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION)	206
TABLE 158	CANADA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON)	206
TABLE 159	CANADA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)	207
TABLE 160	CANADA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)	207
10.3.1 RECESSION IMPACT 208
FIGURE 67 EUROPE: COMPOSITES MARKET SNAPSHOT 209
10.3.2 EUROPE: COMPOSITES MARKET, BY FIBER TYPE 209
TABLE 161 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION) 209
TABLE 162 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (KILOTON) 210
TABLE 163 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION) 210
TABLE 164 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (KILOTON) 210
10.3.3 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS 211
TABLE 165 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION) 211
TABLE 166 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON) 211
TABLE 167 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION) 211
TABLE 168 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON) 212
10.3.4 EUROPE: COMPOSITES MARKET, BY RESIN TYPE 212
TABLE 169 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION) 212
TABLE 170 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (KILOTON) 212
TABLE 171 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 213
TABLE 172 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 213
10.3.5 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY 213
TABLE 173 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 213
TABLE 174 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 214
TABLE 175 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 214
TABLE 176 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 215
10.3.6 EUROPE: COMPOSITES MARKET, BY COUNTRY 215
TABLE 177 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 215
TABLE 178 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (KILOTON) 216
TABLE 179 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 216
TABLE 180 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON) 216
10.3.6.1 Germany 217
10.3.6.1.1 Increasing demand for pressure vessels to drive market 217
TABLE 181 GERMANY: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 217
TABLE 182 GERMANY: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 217
TABLE 183 GERMANY: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 218
TABLE 184 GERMANY: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 218
10.3.6.2 France 219
10.3.6.2.1 Growth of transportation industry to fuel market 219
TABLE 185 FRANCE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 219
TABLE 186 FRANCE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 219
TABLE 187 FRANCE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 220
TABLE 188 FRANCE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 220
10.3.6.3 UK 221
10.3.6.3.1 Demand from automotive industry to drive market 221
TABLE 189 UK: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 221
TABLE 190 UK: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 221
TABLE 191 UK: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 222
TABLE 192 UK: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 222
10.3.6.4 Italy 223
10.3.6.4.1 Rising demand of composites in aircraft designs to drive market 223
TABLE 193 ITALY: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 223
TABLE 194 ITALY: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 223
TABLE 195 ITALY: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 224
TABLE 196 ITALY: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 224
10.3.6.5 Spain 225
10.3.6.5.1 Growth of automotive industry to drive market 225
TABLE 197 SPAIN: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 225
TABLE 198 SPAIN: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 225
TABLE 199 SPAIN: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 226
TABLE 200 SPAIN: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 226
10.3.6.6 Russia 227
10.3.6.6.1 Increase in nuclear power plants to drive market 227
TABLE 201 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 227
TABLE 202 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 227
TABLE 203 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 228
TABLE 204 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 228
10.3.6.7 Rest of Europe 229
TABLE 205 REST OF EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 229
TABLE 206 REST OF EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 229
TABLE 207 REST OF EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 230
TABLE 208 REST OF EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 230
10.4 ASIA PACIFIC 231
10.4.1 RECESSION IMPACT 231
FIGURE 68 ASIA PACIFIC: COMPOSITES MARKET SNAPSHOT 232
10.4.2 ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE 232
TABLE 209 ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION) 232
TABLE 210 ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (KILOTON) 233
TABLE 211 ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION) 233
TABLE 212 ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (KILOTON) 233
10.4.3 ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS 234
TABLE 213 ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION) 234
TABLE 214 ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON) 234
TABLE 215 ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION) 235
TABLE 216 ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON) 235
10.4.4 ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE 236
TABLE 217 ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION) 236
TABLE 218 ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (KILOTON) 236
TABLE 219 ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 236
TABLE 220 ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 236
10.4.5 ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY 237
TABLE 221 ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 237
TABLE 222 ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 237
TABLE 223 ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 238
TABLE 224 ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 238
10.4.6 ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY 239
TABLE 225 ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 239
TABLE 226 ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (KILOTON) 239
TABLE 227 ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 239
TABLE 228 ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON) 240
10.4.6.1 China 240
10.4.6.1.1 Presence of large-scale manufacturing facilities to increase demand for composites 240
TABLE 229 CHINA: NEW WIND ENERGY INSTALLATIONS, 2010–2022 (MW) 241
TABLE 230 CHINA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 241
TABLE 231 CHINA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 242
TABLE 232 CHINA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 242
TABLE 233 CHINA: COMPOSITES MARKET, BY END USE INDUSTRY, 2023–2028 (KILOTON) 243
10.4.6.2 Japan 243
10.4.6.2.1 Increasing demand from automotive and transportation industry to drive market 243
TABLE 234 JAPAN: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 244
TABLE 235 JAPAN: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 244
TABLE 236 JAPAN: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 245
TABLE 237 JAPAN: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 245
10.4.6.3 India 246
10.4.6.3.1 Inexpensive labor and availability of raw materials to drive market 246
TABLE 238 INDIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 246
TABLE 239 INDIA: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (KILOTON) 246
TABLE 240 INDIA: COMPOSITES MARKET, BY END USE INDUSTRY, 2023–2028 (USD MILLION) 247
TABLE 241 INDIA: COMPOSITES MARKET, BY END USE INDUSTRY, 2023–2028 (KILOTON) 247
10.4.6.4 South Korea 248
10.4.6.4.1 Rising demand for composites in wind energy and automotive industry to drive market 248
TABLE 242 SOUTH KOREA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 248
TABLE 243 SOUTH KOREA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 249
TABLE 244 SOUTH KOREA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 249
TABLE 245 SOUTH KOREA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 250
10.4.6.5 Rest of Asia Pacific 250
TABLE 246 REST OF ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 251
TABLE 247 REST OF ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 251
TABLE 248 REST OF ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 252
TABLE 249 REST OF ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 252
10.5 LATIN AMERICA 253
10.5.1 RECESSION IMPACT 253
FIGURE 69 LATIN AMERICA: COMPOSITES MARKET SNAPSHOT 253
10.5.2 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE 254
TABLE 250 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION) 254
TABLE 251 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (KILOTON) 254
TABLE 252 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION) 254
TABLE 253 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (KILOTON) 255
10.5.3 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 255
TABLE 254 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION) 255
TABLE 255 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON) 256
TABLE 256 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION) 256
TABLE 257 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON) 257
10.5.4 LATIN AMERICA: COMPOSITES MARKET, BY RESIN TYPE 257
TABLE 258 LATIN AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION) 257
TABLE 259 LATIN AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (KILOTON) 257
TABLE 260 LATIN AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 258
TABLE 261 LATIN AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 258
10.5.5 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY 258
TABLE 262 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 258
TABLE 263 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 259
TABLE 264 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 259
TABLE 265 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 260
10.5.6 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY 260
TABLE 266 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 260
TABLE 267 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (KILOTON) 261
TABLE 268 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 261
TABLE 269 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON) 261
10.5.6.1 Brazil 262
10.5.6.1.1 Growing electricity demand to drive market 262
TABLE 270 BRAZIL: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 262
TABLE 271 BRAZIL: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 262
TABLE 272 BRAZIL: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 263
TABLE 273 BRAZIL: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 263
10.5.6.2 Mexico 264
10.5.6.2.1 Growing demand for pressure vessels to boost market 264
TABLE 274 MEXICO: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 264
TABLE 275 MEXICO: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 264
TABLE 276 MEXICO: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 265
TABLE 277 MEXICO: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 265
10.5.6.3 Rest of Latin America 266
TABLE 278 REST OF LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 266
TABLE 279 REST OF LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 266
TABLE 280 REST OF LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 267
TABLE 281 REST OF LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 267
10.6 MIDDLE EAST & AFRICA 268
10.6.1 RECESSION IMPACT 268
FIGURE 70 MIDDLE EAST & AFRICA: COMPOSITES MARKET SNAPSHOT 268
10.6.2 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE 269
TABLE 282 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (USD MILLION) 269
TABLE 283 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE, 2020–2022 (KILOTON) 269
TABLE 284 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (USD MILLION) 269
TABLE 285 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE, 2023–2028 (KILOTON) 270
10.6.3 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 270
TABLE 286 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (USD MILLION) 270
TABLE 287 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2020–2022 (KILOTON) 271
TABLE 288 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION) 271
TABLE 289 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON) 271
10.6.4 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE 272
TABLE 290 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (USD MILLION) 272
TABLE 291 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE, 2020–2022 (KILOTON) 272
TABLE 292 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 272
TABLE 293 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 272
10.6.5 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY 273
TABLE 294 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 273
TABLE 295 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 273
TABLE 296 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 274
TABLE 297 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 274
10.6.6 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY 275
TABLE 298 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 275
TABLE 299 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY, 2020–2022 (KILOTON) 275
TABLE 300 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 275
TABLE 301 MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY, 2023–2028 (KILOTON) 276
10.6.6.1 GCC Countries 276
10.6.6.2 Saudi Arabia 276
10.6.6.2.1 Increasing demand from tanks & pressure vessels industry to drive market 276
TABLE 302 SAUDI ARABIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 277
TABLE 303 SAUDI ARABIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 277
TABLE 304 SAUDI ARABIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 278
TABLE 305 SAUDI ARABIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 278
10.6.6.3 UAE 279
10.6.6.3.1 Rise in infrastructure and building projects to drive market 279
TABLE 306 UAE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 279
TABLE 307 UAE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 279
TABLE 308 UAE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 280
TABLE 309 UAE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 280
10.6.6.4 Rest of GCC countries 281
TABLE 310 REST OF GCC COUNTRIES: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 281
TABLE 311 REST OF GCC COUNTRIES: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 281
TABLE 312 REST OF GCC COUNTRIES: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 282
TABLE 313 REST OF GCC COUNTRIES: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 282
10.6.6.5 South Africa 283
10.6.6.5.1 Growth of construction industry to drive market 283
TABLE 314 SOUTH AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 283
TABLE 315 SOUTH AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 283
TABLE 316 SOUTH AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 284
TABLE 317 SOUTH AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 284
10.6.6.6 Rest of Middle East & Africa 285
TABLE 318 REST OF MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 285
TABLE 319 REST OF MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 285
TABLE 320 REST OF MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 286
TABLE 321 REST OF MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 286
11 COMPETITIVE LANDSCAPE 287
11.1 INTRODUCTION 287
11.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 287
TABLE 322 OVERVIEW OF STRATEGIES ADOPTED BY KEY COMPOSITE MARKET VENDORS 287
11.3 MARKET SHARE ANALYSIS 289
11.3.1 MARKET SHARE ANALYSIS FOR MAJOR CARBON FIBER COMPOSITE MANUFACTURERS 289
FIGURE 71 MARKET SHARE OF TOP COMPANIES IN CARBON FIBER COMPOSITES MARKET 289
TABLE 323 CARBON FIBER COMPOSITES MARKET: DEGREE OF COMPETITION 290
11.3.2 MARKET SHARE ANALYSIS FOR MAJOR GLASS FIBER COMPOSITE MANUFACTURERS 290
FIGURE 72 MARKET SHARE OF TOP COMPANIES IN GLASS FIBER COMPOSITES MARKET 290
TABLE 324 GLASS FIBER COMPOSITES MARKET: DEGREE OF COMPETITION 290
11.4 BRAND/PRODUCT COMPARATIVE ANALYSIS 291
FIGURE 73 COMPOSITES MARKET: TOP TRENDING BRAND/PRODUCTS 291
11.4.1 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY COMPOSITE PRODUCTS 291
FIGURE 74 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY COMPOSITE PRODUCTS 291
11.4.1.1 ShieldStrand S 292
11.4.1.2 Toray Cetex 292
11.4.1.3 CYFORM 292
11.4.1.4 Sereebo 292
11.4.1.5 SPRINT CBS 96 292
11.5 COMPANY EVALUATION MATRIX 292
11.5.1 STARS 292
11.5.2 EMERGING LEADERS 292
11.5.3 PERVASIVE PLAYERS 293
11.5.4 PARTICIPANTS 293
FIGURE 75 COMPOSITES MARKET: COMPANY EVALUATION MATRIX, 2022 293
11.5.5 COMPANY FOOTPRINT 294
FIGURE 76 COMPANY PRODUCT FOOTPRINT (10 COMPANIES) 294
TABLE 325 COMPANY END-USE INDUSTRY FOOTPRINT (10 COMPANIES) 295
TABLE 326 COMPANY FIBER TYPE FOOTPRINT (10 COMPANIES) 296
TABLE 327 COMPANY RESIN TYPE FOOTPRINT (10 COMPANIES) 297
TABLE 328 COMPANY REGION FOOTPRINT (18 COMPANIES) 298
11.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 298
11.6.1 PROGRESSIVE COMPANIES 298
11.6.2 RESPONSIVE COMPANIES 299
11.6.3 DYNAMIC COMPANIES 299
11.6.4 STARTING BLOCKS 299
FIGURE 77 COMPOSITES MARKET: STARTUP/SME EVALUATION MATRIX, 2022 299
11.7 COMPETITIVE BENCHMARKING 300
TABLE 329 COMPOSITE MARKET: KEY STARTUPS/SMES (10 COMPANIES) 300
11.8 VALUATION AND FINANCIAL METRICS OF COMPOSITES VENDORS 301
FIGURE 78 EV/EBITDA OF KEY VENDORS 301
FIGURE 79 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS 301
11.9 COMPETITIVE SCENARIO 302
TABLE 330 COMPOSITES MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2022 302
TABLE 331 COMPOSITES MARKET: DEALS, 2018–2023 307
TABLE 332 COMPOSITES MARKET: EXPANSION, 2018–2022 319
TABLE 333 COMPOSITES MARKET: OTHER DEVELOPMENTS, 2018–2022 322
12 COMPANY PROFILES 324
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
12.1 KEY COMPANIES 324
12.1.1 OWENS CORNING 324
TABLE 334 OWENS CORNING: COMPANY OVERVIEW 324
FIGURE 80 OWENS CORNING: COMPANY SNAPSHOT 325
TABLE 335 OWENS CORNING: PRODUCTS/SOLUTIONS/SERVICES OFFERED 325
TABLE 336 OWENS CORNING: DEALS 327
TABLE 337 OWENS CORNING: OTHER DEVELOPMENTS 330
12.1.2 TORAY INDUSTRIES, INC. 332
TABLE 338 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW 332
FIGURE 81 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 333
TABLE 339 TORAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 333
TABLE 340 TORAY INDUSTRIES, INC.: DEALS 335
TABLE 341 TORAY INDUSTRIES, INC.: OTHER DEVELOPMENTS 337
TABLE 342 TORAY INDUSTRIES, INC.: PRODUCTS LAUNCHES 338
12.1.3 MITSUBISHI CHEMICAL HOLDINGS CORPORATION 341
TABLE 343 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY OVERVIEW 341
FIGURE 82 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY SNAPSHOT 342
TABLE 344 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: RODUCTS/SOLUTIONS/ SERVICES OFFERED 342
TABLE 345 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: DEALS 343
TABLE 346 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: OTHER DEVELOPMENTS 345
TABLE 347 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: PRODUCT LAUNCHES 346
12.1.4 SOLVAY S.A. 347
TABLE 348 SOLVAY S.A.: COMPANY OVERVIEW 347
FIGURE 83 SOLVAY S.A.: COMPANY SNAPSHOT 348
TABLE 349 SOLVAY S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 348
TABLE 350 SOLVAY S.A.: DEALS 349
TABLE 351 SOLVAY S.A.: OTHER DEVELOPMENTS 352
TABLE 352 SOLVAY S.A: PRODUCT DEVELOPMENT 352
12.1.5 TEIJIN LIMITED 354
TABLE 353 TEIJIN LIMITED: COMPANY OVERVIEW 354
FIGURE 84 TEIJIN LIMITED: COMPANY SNAPSHOT 355
TABLE 354 TEIJIN LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 355
TABLE 355 TEIJIN LIMITED: DEALS 357
TABLE 356 TEIJIN LIMITED: OTHER DEVELOPMENTS 359
TABLE 357 TEIJIN LIMITED: PRODUCT LAUNCHES 360
12.1.6 SGL CARBON SE 362
TABLE 358 SGL CARBON SE: COMPANY OVERVIEW 362
FIGURE 85 SGL CARBON SE: COMPANY SNAPSHOT 363
TABLE 359 SGL CARBON SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 363
TABLE 360 SGL CARBON SE: DEALS 364
TABLE 361 SGL CARBON SE: OTHER DEVELOPMENTS 366
TABLE 362 SGL CARBON SE: PRODUCT LAUNCHES 366
12.1.7 HEXCEL CORPORATION 368
TABLE 363 HEXCEL CORPORATION: COMPANY OVERVIEW 368
FIGURE 86 HEXCEL CORPORATION: COMPANY SNAPSHOT 369
TABLE 364 HEXCEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 369
TABLE 365 HEXCEL CORPORATION: DEALS 371
TABLE 366 HEXCEL CORPORATION: OTHER DEVELOPMENTS 373
TABLE 367 HEXCEL CORPORATION: PRODUCT LAUNCHES 373
12.1.8 NIPPON ELECTRIC GLASS CO., LTD. 375
TABLE 368 NIPPON ELECTRIC GLASS CO., LTD.: COMPANY OVERVIEW 375
FIGURE 87 NIPPON ELECTRIC GLASS CO., LTD.: COMPANY SNAPSHOT 376
TABLE 369 NIPPON ELECTRIC GLASS CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 376
TABLE 370 NIPPON ELECTRIC GLASS CO., LTD: DEALS 378
TABLE 371 NIPPON ELECTRIC GLASS CO., LTD.: PRODUCT LAUNCHES 379
TABLE 372 NIPPON ELECTRIC GLASS CO., LTD.: OTHER DEVELOPMENTS 379
12.1.9 HUNTSMAN INTERNATIONAL LLC 381
TABLE 373 HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW 381
FIGURE 88 HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT 382
TABLE 374 HUNTSMAN INTERNATIONAL LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 382
TABLE 375 HUNTSMAN INTERNATIONAL LLC: DEALS 383
TABLE 376 HUNTSMAN INTERNATIONAL LLC: PRODUCT LAUNCHES 384
12.1.10 GURIT HOLDING AG 386
TABLE 377 GURIT HOLDING AG: COMPANY OVERVIEW 386
FIGURE 89 GURIT HOLDING AG: COMPANY SNAPSHOT 387
TABLE 378 GURIT HOLDING AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 387
TABLE 379 GURIT HOLDING AG: DEALS 388
12.1.11 WEYERHAEUSER COMPANY 391
TABLE 380 WEYERHAEUSER COMPANY: COMPANY OVERVIEW 391
FIGURE 90 WEYERHAEUSER COMPANY: COMPANY SNAPSHOT 391
TABLE 381 WEYERHAEUSER COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 392
TABLE 382 WEYERHAEUSER COMPANY: PRODUCT LAUNCHES 392
12.1.12 CHINA JUSHI CO., LTD. 393
TABLE 383 CHINA JUSHI CO., LTD.: COMPANY OVERVIEW 393
FIGURE 91 CHINA JUSHI CO., LTD.: COMPANY SNAPSHOT 394
TABLE 384 CHINA JUSHI CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 394
TABLE 385 CHINA JUSHI CO., LTD.: PRODUCT LAUNCHES 399
TABLE 386 CHINA JUSHI CO., LTD.: DEALS 399
TABLE 387 CHINA JUSHI CO., LTD.: OTHER DEVELOPMENTS 400
12.1.13 AGY 402
TABLE 388 AGY: COMPANY OVERVIEW 402
TABLE 389 AGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 402
TABLE 390 AGY: OTHER DEVELOPMENTS 403
12.1.14 TAISHAN FIBERGLASS INC. (CTG GROUP) 404
TABLE 391 TAISHAN FIBERGLASS INC. (CTG GROUP): COMPANY OVERVIEW 404
TABLE 392 TAISHAN FIBERGLASS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 404
TABLE 393 TAISHAN FIBERGLASS INC. (CTG GROUP): PRODUCT LAUNCHES 405
TABLE 394 TAISHAN FIBERGLASS INC. (CTG): DEALS 406
TABLE 395 TAISHAN FIBERGLASS INC. (CTG GROUP): OTHER DEVELOPMENTS 407
12.1.15 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC) 408
TABLE 396 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC): COMPANY OVERVIEW 408
TABLE 397 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC): PRODUCTS/SOLUTIONS/SERVICES OFFERED 408
TABLE 398 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC): PRODUCT LAUNCHES 412
TABLE 399 CHONGQING POLYCOMP INTERNATIONAL CORP. (CPIC): DEALS 412
12.1.16 SAINT-GOBAIN 414
TABLE 400 SAINT-GOBAIN: COMPANY OVERVIEW 414
FIGURE 92 SAINT-GOBAIN: COMPANY SNAPSHOT 414
TABLE 401 SAINT-GOBAIN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 415
TABLE 402 SAINT-GOBAIN: PRODUCT LAUNCHES 419
TABLE 403 SAINT-GOBAIN: DEALS 420
TABLE 404 SAINT-GOBAIN: OTHER DEVELOPMENTS 420
12.1.17 INEOS CAPITAL LIMITED 422
TABLE 405 INEOS CAPITAL LIMITED.: COMPANY OVERVIEW 422
FIGURE 93 INEOS CAPITAL LIMITED: COMPANY SNAPSHOT 423
TABLE 406 INEOS CAPITAL LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 423
TABLE 407 INEOS CAPITAL LIMITED: PRODUCT LAUNCHES 424
TABLE 408 INEOS CAPITAL LIMITED: OTHER DEVELOPMENTS 424
12.1.18 HEXION 426
TABLE 409 HEXION: COMPANY OVERVIEW 426
TABLE 410 HEXION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 426
TABLE 411 HEXION INC.: DEALS 427
TABLE 412 HEXION INC.: PRODUCT LAUNCHES 427
TABLE 413 HEXION INC.: OTHER DEVELOPMENTS 428
12.1.19 ASAHI FIBER GLASS CO., LTD. 429
TABLE 414 ASAHI FIBER GLASS CO., LTD.: COMPANY OVERVIEW 429
TABLE 415 ASAHI FIBER GLASS CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 429
TABLE 416 ASAHI FIBER GLASS CO., LTD.: OTHER DEVELOPMENTS 430
12.1.20 HYOSUNG ADVANCED MATERIALS 431
TABLE 417 HYOSUNG ADVANCED MATERIALS: COMPANY OVERVIEW 431
FIGURE 94 HYOSUNG ADVANCED MATERIALS: COMPANY SNAPSHOT 432
TABLE 418 HYOSUNG ADVANCED MATERIALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 432
TABLE 419 HYOSUNG ADVANCED MATERIALS: PRODUCT LAUNCHES 433
TABLE 420 HYOSUNG ADVANCED MATERIALS: DEALS 433
TABLE 421 HYOSUNG ADVANCED MATERIALS: OTHER DEVELOPMENTS 434
12.1.21 ZHONGFU SHENYING CARBON FIBER CO., LTD. 435
TABLE 422 ZHONGFU SHENYING CARBON FIBER CO., LTD.: COMPANY OVERVIEW 435
FIGURE 95 ZHONGFU SHENYING CARBON FIBER CO., LTD.: COMPANY SNAPSHOT 435
TABLE 423 ZHONGFU SHENYING CARBON FIBER CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 436
TABLE 424 ZHONGFU SHENYING CARBON FIBER CO., LTD.: OTHER DEVELOPMENTS 436
12.1.22 KUREHA CORPORATION 438
TABLE 425 KUREHA CORPORATION: COMPANY OVERVIEW 438
FIGURE 96 KUREHA CORPORATION: COMPANY SNAPSHOT 438
TABLE 426 KUREHA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 439
12.1.23 DOWAKSA 440
TABLE 427 DOWAKSA: COMPANY OVERVIEW 440
TABLE 428 DOWAKSA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 440
TABLE 429 DOWAKSA: OTHER DEVELOPMENTS 440
12.1.24 JILIN CHEMICAL FIBER GROUP CO., LTD. 442
TABLE 430 JILIN CHEMICAL FIBER GROUP CO., LTD.: COMPANY OVERVIEW 442
FIGURE 97 JILIN CHEMICAL FIBER GROUP CO., LTD.: COMPANY SNAPSHOT 442
TABLE 431 JILIN CHEMICAL FIBER GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 443
12.1.25 JIANGSU HENGSHEN CO., LTD. 444
TABLE 432 JIANGSU HENGSHEN CO., LTD.: COMPANY OVERVIEW 444
TABLE 433 JIANGSU HENGSHEN CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 444
TABLE 434 JIANGSU HENGSHEN CO., LTD.: PRODUCT LAUNCHES 445
TABLE 435 JIANGSU HENGSHEN CO., LTD.: DEALS 445
TABLE 436 JIANGSU HENGSHEN CO., LTD.: OTHER DEVELOPMENTS 446
12.1.26 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF) 447
TABLE 437 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): COMPANY OVERVIEW 447
TABLE 438 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): PRODUCTS/SOLUTIONS/SERVICES OFFERED 447
TABLE 439 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): PRODUCT LAUNCHES 448
TABLE 440 ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): DEALS 449
12.1.27 MAFIC 450
TABLE 441 MAFIC: COMPANY OVERVIEW 450
TABLE 442 MAFIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 450
12.1.28 KAMENNY VEK 452
TABLE 443 KAMENNY VEK: COMPANY OVERVIEW 452
TABLE 444 KAMENNY VEK: PRODUCTS/SOLUTIONS/SERVICES OFFERED 452
TABLE 445 KAMENNY VEK: PRODUCT LAUNCHES 453
12.1.29 TECHNOBASALT INVEST 454
TABLE 446 TECHNOBASALT INVEST: COMPANY OVERVIEW 454
TABLE 447 TECHNOBASALT INVEST: PRODUCTS/SOLUTIONS/SERVICES OFFERED 454
12.1.30 ISOMATEX 456
TABLE 448 ISOMATEX: COMPANY OVERVIEW 456
TABLE 449 ISOMATEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 456
12.1.31 POLYVLIES FRANZ BEYER GMBH & CO. KG 458
TABLE 450 POLYVLIES FRANZ BEYER GMBH & CO. KG: COMPANY OVERVIEW 458
TABLE 451 POLYVLIES FRANZ BEYER GMBH & CO. KG: PRODUCTS/SERVICES/SOLUTIONS OFFERED 458
12.1.32 TECNARO GMBH 460
TABLE 452 TECNARO GMBH: COMPANY OVERVIEW 460
TABLE 453 TECNARO GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED 460
TABLE 454 TECNARO GMBH: DEALS 461
12.1.33 PROCOTEX SA CORPORATION NV 462
TABLE 455 PROCOTEX SA CORPORATION NV: COMPANY OVERVIEW 462
TABLE 456 PROCOTEX SA CORPORATION NV: PRODUCTS/SERVICES/SOLUTIONS OFFERED 462
12.1.34 FLEXFORM TECHNOLOGIES 464
TABLE 457 FLEXFORM TECHNOLOGIES: COMPANY OVERVIEW 464
TABLE 458 FLEXFORM TECHNOLOGIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 464
12.1.35 JELU-WERK JOSEF EHRLER GMBH & CO. KG 465
TABLE 459 JELU-WERK JOSEF EHRLER GMBH & CO. KG: COMPANY OVERVIEW 465
TABLE 460 JELU-WERK JOSEF EHRLER GMBH & CO. KG: PRODUCTS/SERVICES/SOLUTIONS OFFERED 465
12.1.36 MAGNA INTERNATIONAL INC. 466
TABLE 461 MAGNA INTERNATIONAL INC.: COMPANY OVERVIEW 466
TABLE 462 MAGNA INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 467
TABLE 463 MAGNA INTERNATIONAL INC.: DEALS 468
TABLE 464 MAGNA INTERNATIONAL INC.: PRODUCT LAUNCHES 469
TABLE 465 MAGNA INTERNATIONAL INC.: OTHER DEVELOPMENTS 469
12.1.37 STRONGWELL CORPORATION (COMPOSITE PART MANUFACTURERS) 471
TABLE 466 STRONGWELL CORPORATION: COMPANY OVERVIEW 471
TABLE 467 STRONGWELL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 471
TABLE 468 STRONGWELL CORPORATION: DEALS 475
TABLE 469 STRONGWELL CORPORATION: OTHER DEVELOPMENTS 475
12.1.38 SPIRIT AEROSYSTEMS (COMPOSITE PART MANUFACTURERS) 477
TABLE 470 SPIRIT AEROSYSTEMS: COMPANY OVERVIEW 477
TABLE 471 SPIRIT AEROSYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 477
TABLE 472 SPIRIT AEROSYSTEMS: DEALS 479
TABLE 473 SPIRIT AEROSYSTEMS: PRODUCT LAUNCHES 480
TABLE 474 SPIRIT AEROSYSTEMS: OTHER DEVELOPMENTS 481
12.1.39 EXEL COMPOSITES 483
TABLE 475 EXEL COMPOSITES: COMPANY OVERVIEW 483
TABLE 476 EXEL COMPOSITES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 483
TABLE 477 EXEL COMPOSITES: DEALS 486
12.2 OTHER KEY PLAYERS 488
12.2.1 BPREG COMPOSITES 488
TABLE 478 BPREG COMPOSITES: COMPANY OVERVIEW 488
12.2.2 BCOMP LTD. 489
TABLE 479 BCOMP LTD.: COMPANY OVERVIEW 489
12.2.3 INFINITUM COMPOSITES SIA 490
TABLE 480 INFINITUM COMPOSITES SIA: COMPANY OVERVIEW 490
12.2.4 FIBRAWORKS GMBH 490
TABLE 481 FIBRAWORKS GMBH: COMPANY OVERVIEW 490
12.2.5 ATOMIC-6 491
TABLE 482 ATOMIC-6: COMPANY OVERVIEW 491
12.2.6 AEON-T 491
TABLE 483 AEON-T: COMPANY OVERVIEW 491
12.2.7 NOVA CARBON 492
TABLE 484 NOVA CARBON: COMPANY OVERVIEW 492
12.2.8 ANTEFIL COMPOSITE TECH AG 492
TABLE 485 ANTEFIL COMPOSITE TECH AG: COMPANY OVERVIEW 492
12.2.9 MIDWEST COMPOSITES 493
TABLE 486 MIDWEST COMPOSITES: COMPANY OVERVIEW 493
12.2.10 RRTC, INC. 493
TABLE 487 RRTC, INC.: COMPANY OVERVIEW 493
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
13 APPENDIX 494
13.1 DISCUSSION GUIDE 494
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 496
13.3 CUSTOMIZATION OPTIONS 498
13.4 RELATED REPORTS 498
13.5 AUTHOR DETAILS 499
❖ 免責事項 ❖
http://www.globalresearch.jp/disclaimer


-gr.jpg)
 
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			