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Composite Material-Global Market Insights and Sales Trends 2024
Synopsis
A material made up of two or more constituent materials possessing varied physical or chemical properties and is different from individual components is known as a composite material. These composites are highly used in aerospace and defense, transportation, and wind energy applications. Hence, comprehensive testing is carried out on these materials with specific standards known as composite testing. Composite testing is widely used in aerospace & defense sector to evaluate the performance and structural applications. Major commercial aircraft manufacturers such as Airbus and Boeing have developed aircraft such as Airbus A350 and Boeing 787 that constitute almost 50% of the composites in their airframe structures. Aviation giants such as National Aeronautics and Space Administration (NASA) and SpaceX widely use composite testing due to resistance fatigue & corrosion and high stiffness-to-weight ratio.
The global Composite Material market size is expected to reach US$ 1084.4 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029. The market is mainly driven by the significant applications of Composite Material in various end use industries. The expanding demands from the Sporting Goods, Aerospace & Defense, Electrical & Electronics and Wind Energy, are propelling Composite Material market. Polymer Matrix Composites, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Continuous Fiber Composites segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Composite Material market, driven by demand from China, the second largest economy with some signs of stabilising, the Composite Material market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Composite Material, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Composite Material market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Composite Material market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Composite Material sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Composite Material covered in this report include Element Materials Technology, Henkel AG & CO, KGaA, Exova Group plc, Westmoreland Mechanical Testing & Research Inc, Instron, Matrix Composite Inc, ETIM Composites Testing Laboratory and Mistras Group Inc, etc.
The global Composite Material market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Element Materials Technology
Henkel AG & CO
KGaA
Exova Group plc
Westmoreland Mechanical Testing & Research Inc
Instron
Matrix Composite Inc
ETIM Composites Testing Laboratory
Mistras Group Inc
Intertek Group plc
Global Composite Material market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Composite Material market, Segment by Type:
Polymer Matrix Composites
Continuous Fiber Composites
Ceramic Matrix Composites
Discontinuous Fiber Composites
Others
Global Composite Material market, by Application
Sporting Goods
Aerospace & Defense
Electrical & Electronics
Wind Energy
Building & Construction
Transportation
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Composite Material companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
A material made up of two or more constituent materials possessing varied physical or chemical properties and is different from individual components is known as a composite material. These composites are highly used in aerospace and defense, transportation, and wind energy applications. Hence, comprehensive testing is carried out on these materials with specific standards known as composite testing. Composite testing is widely used in aerospace & defense sector to evaluate the performance and structural applications. Major commercial aircraft manufacturers such as Airbus and Boeing have developed aircraft such as Airbus A350 and Boeing 787 that constitute almost 50% of the composites in their airframe structures. Aviation giants such as National Aeronautics and Space Administration (NASA) and SpaceX widely use composite testing due to resistance fatigue & corrosion and high stiffness-to-weight ratio.
The global Composite Material market size is expected to reach US$ 1084.4 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029. The market is mainly driven by the significant applications of Composite Material in various end use industries. The expanding demands from the Sporting Goods, Aerospace & Defense, Electrical & Electronics and Wind Energy, are propelling Composite Material market. Polymer Matrix Composites, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Continuous Fiber Composites segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Composite Material market, driven by demand from China, the second largest economy with some signs of stabilising, the Composite Material market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Composite Material, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Composite Material market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Composite Material market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Composite Material sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Composite Material covered in this report include Element Materials Technology, Henkel AG & CO, KGaA, Exova Group plc, Westmoreland Mechanical Testing & Research Inc, Instron, Matrix Composite Inc, ETIM Composites Testing Laboratory and Mistras Group Inc, etc.
The global Composite Material market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Element Materials Technology
Henkel AG & CO
KGaA
Exova Group plc
Westmoreland Mechanical Testing & Research Inc
Instron
Matrix Composite Inc
ETIM Composites Testing Laboratory
Mistras Group Inc
Intertek Group plc
Global Composite Material market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Composite Material market, Segment by Type:
Polymer Matrix Composites
Continuous Fiber Composites
Ceramic Matrix Composites
Discontinuous Fiber Composites
Others
Global Composite Material market, by Application
Sporting Goods
Aerospace & Defense
Electrical & Electronics
Wind Energy
Building & Construction
Transportation
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Composite Material companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Composite Material
1.1 Composite Material Market Overview
1.1.1 Composite Material Product Scope
1.1.2 Composite Material Market Status and Outlook
1.2 Global Composite Material Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Composite Material Market Size by Region (2018-2029)
1.4 Global Composite Material Historic Market Size by Region (2018-2023)
1.5 Global Composite Material Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Composite Material Market Size (2018-2029)
1.6.1 North America Composite Material Market Size (2018-2029)
1.6.2 Europe Composite Material Market Size (2018-2029)
1.6.3 Asia-Pacific Composite Material Market Size (2018-2029)
1.6.4 Latin America Composite Material Market Size (2018-2029)
1.6.5 Middle East & Africa Composite Material Market Size (2018-2029)
2 Composite Material Market by Type
2.1 Introduction
2.1.1 Polymer Matrix Composites
2.1.2 Continuous Fiber Composites
2.1.3 Ceramic Matrix Composites
2.1.4 Discontinuous Fiber Composites
2.1.5 Others
2.2 Global Composite Material Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Composite Material Historic Market Size by Type (2018-2023)
2.2.2 Global Composite Material Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Composite Material Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Composite Material Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Composite Material Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Composite Material Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Composite Material Revenue Breakdown by Type (2018-2029)
3 Composite Material Market Overview by Application
3.1 Introduction
3.1.1 Sporting Goods
3.1.2 Aerospace & Defense
3.1.3 Electrical & Electronics
3.1.4 Wind Energy
3.1.5 Building & Construction
3.1.6 Transportation
3.1.7 Others
3.2 Global Composite Material Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Composite Material Historic Market Size by Application (2018-2023)
3.2.2 Global Composite Material Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Composite Material Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Composite Material Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Composite Material Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Composite Material Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Composite Material Revenue Breakdown by Application (2018-2029)
4 Composite Material Competition Analysis by Players
4.1 Global Composite Material Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Composite Material as of 2022)
4.3 Date of Key Players Enter into Composite Material Market
4.4 Global Top Players Composite Material Headquarters and Area Served
4.5 Key Players Composite Material Product Solution and Service
4.6 Competitive Status
4.6.1 Composite Material Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Element Materials Technology
5.1.1 Element Materials Technology Profile
5.1.2 Element Materials Technology Main Business
5.1.3 Element Materials Technology Composite Material Products, Services and Solutions
5.1.4 Element Materials Technology Composite Material Revenue (US$ Million) & (2018-2023)
5.1.5 Element Materials Technology Recent Developments
5.2 Henkel AG & CO
5.2.1 Henkel AG & CO Profile
5.2.2 Henkel AG & CO Main Business
5.2.3 Henkel AG & CO Composite Material Products, Services and Solutions
5.2.4 Henkel AG & CO Composite Material Revenue (US$ Million) & (2018-2023)
5.2.5 Henkel AG & CO Recent Developments
5.3 KGaA
5.3.1 KGaA Profile
5.3.2 KGaA Main Business
5.3.3 KGaA Composite Material Products, Services and Solutions
5.3.4 KGaA Composite Material Revenue (US$ Million) & (2018-2023)
5.3.5 Exova Group plc Recent Developments
5.4 Exova Group plc
5.4.1 Exova Group plc Profile
5.4.2 Exova Group plc Main Business
5.4.3 Exova Group plc Composite Material Products, Services and Solutions
5.4.4 Exova Group plc Composite Material Revenue (US$ Million) & (2018-2023)
5.4.5 Exova Group plc Recent Developments
5.5 Westmoreland Mechanical Testing & Research Inc
5.5.1 Westmoreland Mechanical Testing & Research Inc Profile
5.5.2 Westmoreland Mechanical Testing & Research Inc Main Business
5.5.3 Westmoreland Mechanical Testing & Research Inc Composite Material Products, Services and Solutions
5.5.4 Westmoreland Mechanical Testing & Research Inc Composite Material Revenue (US$ Million) & (2018-2023)
5.5.5 Westmoreland Mechanical Testing & Research Inc Recent Developments
5.6 Instron
5.6.1 Instron Profile
5.6.2 Instron Main Business
5.6.3 Instron Composite Material Products, Services and Solutions
5.6.4 Instron Composite Material Revenue (US$ Million) & (2018-2023)
5.6.5 Instron Recent Developments
5.7 Matrix Composite Inc
5.7.1 Matrix Composite Inc Profile
5.7.2 Matrix Composite Inc Main Business
5.7.3 Matrix Composite Inc Composite Material Products, Services and Solutions
5.7.4 Matrix Composite Inc Composite Material Revenue (US$ Million) & (2018-2023)
5.7.5 Matrix Composite Inc Recent Developments
5.8 ETIM Composites Testing Laboratory
5.8.1 ETIM Composites Testing Laboratory Profile
5.8.2 ETIM Composites Testing Laboratory Main Business
5.8.3 ETIM Composites Testing Laboratory Composite Material Products, Services and Solutions
5.8.4 ETIM Composites Testing Laboratory Composite Material Revenue (US$ Million) & (2018-2023)
5.8.5 ETIM Composites Testing Laboratory Recent Developments
5.9 Mistras Group Inc
5.9.1 Mistras Group Inc Profile
5.9.2 Mistras Group Inc Main Business
5.9.3 Mistras Group Inc Composite Material Products, Services and Solutions
5.9.4 Mistras Group Inc Composite Material Revenue (US$ Million) & (2018-2023)
5.9.5 Mistras Group Inc Recent Developments
5.10 Intertek Group plc
5.10.1 Intertek Group plc Profile
5.10.2 Intertek Group plc Main Business
5.10.3 Intertek Group plc Composite Material Products, Services and Solutions
5.10.4 Intertek Group plc Composite Material Revenue (US$ Million) & (2018-2023)
5.10.5 Intertek Group plc Recent Developments
6 North America
6.1 North America Composite Material Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Composite Material Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Composite Material Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Composite Material Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Composite Material Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Composite Material Market Dynamics
11.1 Composite Material Industry Trends
11.2 Composite Material Market Drivers
11.3 Composite Material Market Challenges
11.4 Composite Material Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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