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The global composites market size was USD 91.29 billion in 2022 and is expected to register a rapid revenue CAGR of 7.1% during the forecast period. Rapid advancements in composites manufacturing technology and increasing use of composites in the textile industry are key factors driving market revenue growth.

The report is inclusive of updated information about the current global economic situation in view of the COVID-19 outbreak. The global health emergency has led to several significant changes in the global economy, and subsequently, the Composites business sector. These changes have, therefore, brought about a large number of business risks and threats for the companies operating in this industry. Hence, the report offers an overall assessment of this ever-evolving market and closely studies the present and future effects of the pandemic on this market.

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Competitive Terrain:

The global Composites industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Teijin Ltd., Toray Industries, Inc., Owens Corning, PPG Industries, Inc., Huntsman Corporation LLC., SGL Group, Hexcel Corporation DuPont, Compagnie de Saint-Gobain S.A., Weyerhaeuser Company, Momentive Performance Materials, Inc., Cytec Industries (Solvay, S.A.), China Jushi Co., Ltd., Kineco Limited, Veplas Group, Carbot Corporation.3M, Quadrant Group of Companies, TPI Composites, Inc., and Mitsubishi Chemical Holdings Corporation

Additional information offered by the report:

Along with a complete overview of the global Composites market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Composites market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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Segments Covered in this report are:

Product Outlook (Revenue, USD Billion; 2019-2032)
Glass Fiber
Carbon Fiber
Others
Manufacturing Outlook (Revenue, USD Billion; 2019-2032)
Injection Molding Process
Resin Transfer Molding Process
Pultrusion Process
Layup Process
Filament Winding Process
Compression Molding Process
Others
End-use Outlook (Revenue, USD Billion; 2019-2032)
Electrical & Electronics
Automotive & Transportation
Wind Energy
Aerospace & Defense
Pipes & Tanks
Construction & Infrastructure
Marine
Others
Radical Highlights of the Composites Market Report:

Comprehensive overview of the Composites market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Composites market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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