Advanced composites

Advanced Composites Market Outlook

The global advanced composites market was valued at approximately $39.4 billion in 2022 and is projected to reach around $70.9 billion by 2035, registering a CAGR of about 4.7% during the forecast period. The increasing demand for lightweight and high-strength materials across various industries such as aerospace, automotive, and construction drives the growth of this market. Furthermore, advances in manufacturing technologies and the growing emphasis on fuel efficiency and sustainability are also contributing factors to the market's expansion. The need for enhanced performance characteristics, such as durability and resistance to extreme conditions, is propelling manufacturers to adopt advanced composite materials. Additionally, supportive government regulations regarding the use of sustainable materials are further intensifying market growth.

Growth Factor of the Market

The growth of the advanced composites market is fundamentally influenced by the escalating need for lightweight materials, which can significantly improve fuel efficiency and reduce emissions in automotive and aerospace applications. The increasing investment in research and development by major companies to innovate new composite materials is another crucial growth driver. Moreover, the rising trend toward renewable energy sources, particularly in wind energy applications, boosts the demand for advanced composites due to their superior mechanical properties and resistance to environmental factors. Additionally, the automotive industry is gradually shifting towards electric vehicles, which require advanced composite materials for better performance and reduced weight. Furthermore, the construction sector is adopting advanced composites for their durability and strength, fostering market growth.

Key Highlights of the Market

• The market is projected to reach approximately $70.9 billion by 2035.
• Carbon fiber composites hold the largest share owing to their exceptional strength-to-weight ratio.
• The aerospace and defense sector is one of the leading applications due to stringent weight regulations.
• North America is expected to dominate the market, followed by Europe and Asia Pacific.
• Significant growth in the renewable energy sector is driving demand for advanced composites.

By Product Type

Carbon Fiber Composites:

Carbon fiber composites are recognized for their exceptional strength-to-weight ratio and rigidity, making them a preferred choice for high-performance applications. Their use is prevalent in aerospace and defense sectors, where weight reduction and structural integrity are paramount. The lightweight nature of carbon fiber composites contributes to improved fuel efficiency and enhanced performance in various applications. The production of carbon fiber composites has been advancing with technologies aimed at reducing costs, which is gradually making them more accessible for automotive and sporting goods manufacturers. Furthermore, innovations in recycling processes are expected to bring sustainability to the manufacturing of carbon fiber composites, enhancing their appeal in environmentally conscious industries.

Aramid Fiber Composites:

Aramid fiber composites are primarily known for their outstanding resistance to heat and impact, making them ideal for applications in ballistic protection and aerospace industries. The unique properties of aramid fibers, such as high tensile strength and low weight, make them suitable for use in military and defense gear, automotive components, and sporting equipment. The growth of this market segment is fueled by the increasing demand for lightweight and robust materials that can withstand harsh environments. Additionally, ongoing innovations in aramid fiber manufacturing processes are enhancing product performance and reducing overall costs, further encouraging their adoption across various industries.

Glass Fiber Composites:

Glass fiber composites are widely used due to their affordability and versatility, making them a popular choice in various industrial applications. The market for glass fiber composites is heavily driven by the automotive and construction sectors, where they are utilized for their durability and resistance to corrosion and moisture. Additionally, advancements in glass fiber manufacturing technologies are allowing for enhanced strength and performance characteristics, further expanding their applications. The increasing focus on sustainability is also encouraging manufacturers to adopt recycled glass fibers, which can reduce production costs and environmental impact, thus enhancing the market's growth potential.

Ceramic Matrix Composites:

Ceramic matrix composites are gaining traction in industries where high temperature and wear resistance are crucial, such as aerospace and automotive. These composites are engineered to withstand extreme conditions while maintaining strength and stability, making them ideal for engine components and thermal protection systems. The market for ceramic matrix composites is expected to grow significantly due to ongoing advancements in manufacturing techniques that allow for the creation of lighter and more efficient materials. As industries look for alternatives to traditional metals and alloys, the demand for ceramic matrix composites is anticipated to rise, bolstered by their unique properties and performance benefits.

Metal Matrix Composites:

Metal matrix composites combine the properties of metals with those of other materials, resulting in materials that showcase improved mechanical properties and reduced weight. These composites find applications in automotive, aerospace, and defense industries, where performance and reliability are critical. The demand for metal matrix composites is growing due to their ability to resist wear and fatigue, which is essential for components exposed to harsh operating conditions. Innovations in processing techniques are also contributing to the market’s expansion, allowing for better control over the composite's characteristics and performance. As industries increasingly prioritize performance and efficiency, metal matrix composites are expected to experience significant growth.

By Application

Aerospace & Defense:

The aerospace and defense sector is a leading application area for advanced composites, driven by the need for lightweight materials that enhance fuel efficiency and performance. Advanced composites are extensively utilized in the manufacturing of aircraft components, satellite structures, and military applications due to their excellent strength-to-weight ratio and resistance to harsh environmental conditions. The increasing focus on reducing carbon emissions in aviation and defense industries is prompting manufacturers to adopt advanced composite technologies. As the industry evolves, the demand for innovative and high-performance composite materials is expected to grow significantly.

Automotive:

The automotive industry is progressively adopting advanced composites to improve vehicle efficiency and performance while reducing weight. With the growing trend towards electric vehicles (EVs), advanced composites play a crucial role in enhancing battery performance and extending vehicle range. Manufacturers are increasingly leveraging lightweight composite materials to meet stringent fuel efficiency regulations and consumer demand for improved performance. The ongoing shift towards sustainable materials in the automotive production process also contributes to the increased adoption of advanced composites. Additionally, advancements in manufacturing techniques are enabling the production of complex geometries, further expanding their application in car components.

Wind Energy:

The wind energy sector is witnessing significant growth in the use of advanced composites, particularly in the production of wind turbine blades. The lightweight and durable properties of these composites allow for longer blades, which enhance energy capture and efficiency. As the world shifts towards renewable energy sources, the demand for advanced composites in wind energy applications is expected to increase substantially. Innovations in materials and manufacturing processes are also making it easier to produce cost-effective and high-performance composites for wind turbine applications. Furthermore, the emphasis on sustainability is driving manufacturers to explore eco-friendly materials, further boosting demand in this segment.

Sporting Goods:

In the sporting goods sector, advanced composites are extensively used in the production of high-performance equipment such as bicycles, tennis rackets, and protective gear. The lightweight and strength properties of composite materials allow for products that enhance performance and durability. As consumers increasingly demand products that improve their athletic performance, manufacturers are investing in advanced composite technologies to stay competitive. The ability of composites to be molded into complex shapes also allows for innovative designs that can meet the specific needs of athletes. The growing trend towards personalized and high-quality sporting goods is further driving the adoption of advanced composites in this market.

Construction:

The construction industry is increasingly recognizing the benefits of advanced composites for building applications due to their high strength and resistance to environmental degradation. Advanced composites are utilized in various structural applications, including bridges, facades, and reinforcement materials. Their lightweight nature allows for easier handling and reduced construction costs, while their durability ensures long-lasting performance. The global push towards sustainable building practices is also propelling the adoption of advanced composites, as they can contribute to energy efficiency and reduce the carbon footprint of construction projects. As construction demands grow, the role of advanced composites is expected to expand significantly.

By Manufacturing Process

Resin Transfer Molding:

Resin transfer molding (RTM) is a widely used manufacturing process for advanced composites, particularly in applications requiring high-quality surface finishes and intricate geometries. The technique involves injecting resin into a closed mold containing dry fibers, allowing for efficient epoxy resin infusion and excellent fiber wet-out. This method is particularly advantageous for producing large parts with consistent quality, making it ideal for automotive and aerospace applications. RTM also reduces material waste and allows for better control over the fiber-resin ratio, ultimately enhancing the mechanical properties of the final composite. As manufacturers seek to optimize production efficiency, the adoption of RTM is expected to grow.

Filament Winding:

Filament winding is a specialized manufacturing process that allows for the production of high-strength composite structures, particularly in cylindrical and spherical shapes. This technique involves winding continuous strands of resin-impregnated fibers around a rotating mandrel, resulting in uniform material distribution and mechanical strength. Filament winding is commonly used in applications such as pressure vessels and pipe systems, where reliability and performance are critical. The process offers significant design flexibility and can be tailored to meet specific requirements, making it desirable for industries such as aerospace and energy. As demand for high-performance composite materials increases, filament winding is likely to see expanded use.

Compression Molding:

Compression molding is an efficient manufacturing technique for producing advanced composite parts with complex shapes and high-performance characteristics. This process involves placing pre-measured amounts of resin and reinforcement materials into a heated mold and applying pressure to form the desired shape. Compression molding is known for its ability to produce large quantities of parts quickly and with minimal waste, making it an attractive option for industries such as automotive and consumer goods. The process also allows for excellent control over the material density and properties, contributing to the overall quality of the final product. As industries aim for faster production times, the adoption of compression molding is expected to rise.

Injection Molding:

Injection molding is a widely used process for manufacturing advanced composites, especially in applications requiring high precision and complex geometries. This technique involves injecting molten resin mixed with reinforcing fibers into a mold under high pressure, ensuring thorough material distribution and uniform density. Injection molding is particularly beneficial for mass production, allowing manufacturers to achieve consistent quality and reduce cycle times. Its versatility enables the production of a wide range of components for various industries, including automotive, electronics, and consumer goods. As manufacturers lean towards automation and efficiency, the use of injection molding for advanced composites is projected to grow.

Lay-up:

The lay-up process involves manually stacking layers of fabric or pre-preg materials with resin to create composite structures. This technique allows for extensive design flexibility, enabling manufacturers to produce complex shapes and high-performance components tailored to specific applications. Hand lay-up is often used in aerospace and marine applications, where lightweight and durable materials are crucial. Although this method can be labor-intensive, it offers significant advantages in terms of customization and the ability to achieve specific mechanical properties. As industries seek to create bespoke solutions, the lay-up process is expected to maintain its relevance in the advanced composites market.

By Use Industry

Transportation:

The transportation industry is a key driver of the advanced composites market, leveraging these materials to enhance vehicle performance and efficiency. Advanced composites are increasingly used in automotive, aerospace, and maritime applications, where lightweight and durable components are essential. The push towards electric and hybrid vehicles has also spurred the demand for advanced composites to improve range and reduce weight, contributing to overall efficiency. As regulations on emissions intensify globally, manufacturers are increasingly turning to advanced composites to meet performance requirements while adhering to sustainability goals. The growing trend toward integrated transportation solutions is also expected to fuel demand for advanced composites in the coming years.

Electronics:

The electronics industry is witnessing a rising adoption of advanced composites due to their unique properties, such as lightweight, corrosion resistance, and thermal stability. These materials are used in various electronic applications, including casings, printed circuit boards, and heat sinks, where performance and reliability are paramount. As the demand for compact and high-performance electronic devices grows, manufacturers are increasingly integrating advanced composites into their product designs to achieve competitive advantages. The emphasis on miniaturization and enhanced thermal management in electronic devices is further driving the adoption of advanced composites in this sector. Consequently, the electronics industry is poised for substantial growth in advanced composites usage.

Energy:

The energy sector is a significant consumer of advanced composites, particularly in renewable energy applications such as wind and solar power. These materials are utilized in the construction of wind turbine blades, solar panel frames, and other critical components that require high strength and resilience against environmental factors. As the global emphasis on renewable energy sources increases, the demand for advanced composites is anticipated to grow, driven by their ability to enhance the efficiency and lifespan of energy systems. Furthermore, advancements in material science are paving the way for the development of innovative composites that can withstand more extreme conditions, thereby expanding their applications in the energy industry.

Consumer Goods:

In the consumer goods sector, advanced composites are gaining popularity due to their high-performance characteristics and durability. These materials are increasingly used in a wide range of products, from sporting equipment to household appliances, where lightweight and strength are critical. The growing consumer inclination towards high-quality, durable products is prompting manufacturers to explore advanced composites as viable materials. The ability to create aesthetically appealing designs while maintaining functionality is another key driver for the adoption of advanced composites in this market. As consumer preferences continue to evolve, the demand for innovative and high-performance composite materials in consumer goods is expected to rise.

Healthcare:

The healthcare industry is increasingly utilizing advanced composites for medical devices and equipment due to their biocompatibility, lightweight nature, and strength. Advanced composites are used in applications such as prosthetics, surgical instruments, and diagnostic equipment, where enhanced performance and precision are crucial. The growing trend towards minimally invasive procedures is also fueling demand for advanced composite materials that can reduce the overall weight of surgical instruments and improve maneuverability. Furthermore, ongoing research and development efforts are focused on creating composites with tailored properties to meet specific medical requirements, further driving innovation and growth in this sector.

By Region

The North American region holds a dominant position in the advanced composites market, accounting for approximately 35% of the total market share in 2022. The robust aerospace and automotive industries in the United States contribute significantly to this growth, with major manufacturers increasingly adopting advanced composites for fuel efficiency and enhanced performance. The region is anticipated to witness a CAGR of around 5% during the forecast period, driven by ongoing investments in technology and innovation. Additionally, government regulations promoting the use of lightweight materials for improved energy efficiency are further propelling market growth in North America.

Europe is another key region in the advanced composites market, contributing around 30% of the total market share. The region's strong focus on sustainability and renewable energy applications is driving demand for advanced composites, particularly in wind energy and automotive sectors. The European market is projected to grow at a CAGR of approximately 4.5% during the forecast period, supported by advancements in manufacturing processes and the increasing emphasis on high-performance materials. Furthermore, the presence of several major automotive and aerospace companies is fostering innovation and attracting investments in advanced composites, strengthening the region's market position.

Opportunities

The advanced composites market is ripe with opportunities, primarily driven by the increasing demand for lightweight materials across various industries. As manufacturers strive to enhance fuel efficiency and reduce emissions, advanced composites present a viable solution that meets these objectives. The ongoing innovations in material science are opening avenues for the development of next-generation composite materials that offer superior performance and sustainability. Furthermore, the growing interest in electric and hybrid vehicles is propelling the demand for advanced composites in the automotive sector, providing manufacturers with opportunities to innovate and capture market share. Additionally, the emphasis on renewable energy sources, particularly in wind and solar energy, creates significant opportunities for advanced composites to be utilized in efficient energy solutions, further driving market growth.

Another significant opportunity lies in the growing trend of digital manufacturing and automation in the production of advanced composites. The integration of technologies such as additive manufacturing and robotics is revolutionizing the way composites are produced, enabling manufacturers to achieve greater precision and efficiency. As industries increasingly adopt these advanced manufacturing techniques, the potential for cost reduction and enhanced product quality becomes apparent. Moreover, the increasing focus on recycling and sustainability is driving the development of eco-friendly composite materials, opening new markets and applications. As businesses and consumers alike become more environmentally conscious, the demand for sustainable advanced composites will likely grow, presenting substantial opportunities for manufacturers to innovate and expand their product offerings.

Threats

Despite the promising growth trajectory of the advanced composites market, several threats could hinder its progress. One of the primary challenges is the high cost associated with the production of advanced composite materials, which limits their adoption, particularly in cost-sensitive industries. The complexity of manufacturing processes and the need for specialized equipment can lead to increased operational expenses, making it challenging for smaller manufacturers to compete. Moreover, the integration of advanced composites into traditional manufacturing practices may require significant investments in training and infrastructure, posing a barrier to entry for many companies. Additionally, fluctuations in raw material prices can impact the overall cost structure of advanced composites, affecting profitability and market dynamics.

Another critical threat to the advanced composites market is the risk of substitute materials that may offer lower costs or similar performance characteristics. As technology evolves, alternative materials such as metals, plastics, and bio-based composites may emerge as viable competitors, potentially eroding market share for advanced composites. The growing focus on sustainability may also push industries towards more eco-friendly alternatives, further challenging the demand for certain advanced composite products. It is essential for manufacturers to continuously innovate and differentiate their offerings to mitigate these threats and maintain their competitive position in the market.

Competitor Outlook

• Hexcel Corporation
• Toray Industries, Inc.
• Teijin Limited
• Mitsubishi Chemical Holdings Corporation
• Solvay S.A.
• Cytec Industries Inc.
• 3M Company
• Owens Corning
• SABIC
• Royal DSM N.V.
• DuPont de Nemours, Inc.
• General Electric Company
• Eastman Chemical Company
• Huntsman Corporation
• 3M Advanced Materials Division

The competitive landscape of the advanced composites market is characterized by the presence of several key players who are continuously innovating to maintain their positions. Companies like Hexcel Corporation and Toray Industries, Inc. lead the market with their extensive portfolios of high-performance composite products, catering to various industries such as aerospace, automotive, and industrial applications. These companies are investing heavily in research and development to create advanced materials that meet the evolving demands of the market. Strategic partnerships and collaborations are also common among these players, allowing them to leverage each other's strengths and expand their market reach.

Another significant player, Solvay S.A., focuses on sustainable solutions, providing a range of eco-friendly composite materials. Their commitment to sustainability enhances their competitive advantage and aligns with the growing consumer demand for environmentally responsible products. Companies like 3M and Owens Corning are also exploring innovative manufacturing techniques to reduce production costs and improve efficiency, ensuring they remain competitive in the fast-paced market. Furthermore, the growing interest in electric vehicles and renewable energy applications is prompting manufacturers to develop specialized advanced composites that cater to these emerging markets, thus expanding their product offerings and market presence.

In addition to product innovation and sustainability initiatives, the competitive landscape is also influenced by mergers and acquisitions, as companies seek to enhance their capabilities and expand their market presence. For example, the acquisition of Cytec Industries by Solvay has strengthened their position in the aerospace sector, providing them with advanced materials and technologies to cater to demanding applications. Similarly, the strategic acquisition of companies in the electronic and automotive sectors is enabling key players to diversify their product portfolios and target new customer segments. Overall, the advanced composites market remains dynamic, with companies continuously adapting to meet market trends and consumer demands.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SABIC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 3M Company
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Solvay S.A.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Owens Corning
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Royal DSM N.V.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Teijin Limited
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Hexcel Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Huntsman Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Cytec Industries Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Toray Industries, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 DuPont de Nemours, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Eastman Chemical Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 General Electric Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 3M Advanced Materials Division
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Mitsubishi Chemical Holdings Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Advanced composites Market, By Application
    • 6.1.1 Aerospace & Defense
    • 6.1.2 Automotive
    • 6.1.3 Wind Energy
    • 6.1.4 Sporting Goods
    • 6.1.5 Construction
  • 6.2 Advanced composites Market, By Product Type
    • 6.2.1 Carbon Fiber Composites
    • 6.2.2 Aramid Fiber Composites
    • 6.2.3 Glass Fiber Composites
    • 6.2.4 Ceramic Matrix Composites
    • 6.2.5 Metal Matrix Composites
  • 6.3 Advanced composites Market, By Use Industry
    • 6.3.1 Transportation
    • 6.3.2 Electronics
    • 6.3.3 Energy
    • 6.3.4 Consumer Goods
    • 6.3.5 Healthcare
  • 6.4 Advanced composites Market, By Manufacturing Process
    • 6.4.1 Resin Transfer Molding
    • 6.4.2 Filament Winding
    • 6.4.3 Compression Molding
    • 6.4.4 Injection Molding
    • 6.4.5 Lay-up

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Advanced composites Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Advanced composites market is categorized based on

By Product Type

• Carbon Fiber Composites
• Aramid Fiber Composites
• Glass Fiber Composites
• Ceramic Matrix Composites
• Metal Matrix Composites

By Application

• Aerospace & Defense
• Automotive
• Wind Energy
• Sporting Goods
• Construction

By Manufacturing Process

• Resin Transfer Molding
• Filament Winding
• Compression Molding
• Injection Molding
• Lay-up

By Use Industry

• Transportation
• Electronics
• Energy
• Consumer Goods
• Healthcare

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Hexcel Corporation
• Toray Industries, Inc.
• Teijin Limited
• Mitsubishi Chemical Holdings Corporation
• Solvay S.A.
• Cytec Industries Inc.
• 3M Company
• Owens Corning
• SABIC
• Royal DSM N.V.
• DuPont de Nemours, Inc.
• General Electric Company
• Eastman Chemical Company
• Huntsman Corporation
• 3M Advanced Materials Division