"Global Composites Market to Reach USD 163.97 Billion by 2030, Fueled by Demand for Lightweight and High-Performance Materials"

The global composites market is on a strong growth trajectory, valued at USD 93.69 billion in 2022 and projected to reach USD 163.97 billion by 2030, expanding at a CAGR of 7.2% from 2023 to 2030. This growth is largely fueled by rising demand for lightweight, durable materials in the automotive and transportation sectors, where composites enhance fuel efficiency and overall vehicle performance. Additionally, increasing adoption across manufacturing industries further bolsters market expansion.

In aerospace and defense, composites continue to revolutionize aircraft design by significantly reducing weight and improving fuel efficiency, particularly in military aircraft and helicopters. As performance and environmental standards grow more stringent, composites are becoming essential to innovation across these high-tech sectors.

 Download Sample Pages- https://www.theresearchinsights.com/request_sample?id=1

End-Use Insights

Automotive and transportation led the end-use segment, contributing 21.0% of total revenue in 2022. Composites enable the development of lighter, more fuel-efficient vehicles without compromising structural integrity.

Wind energy is another key growth area, with composites supporting optimal blade weight and performance. Their use in electrical and electronic devices, construction, infrastructure, and piping systems continues to expand, thanks to their versatility, corrosion resistance, and design flexibility.

Regional Insights

Asia Pacific dominated the global market in 2022 with a 45.4% revenue share, thanks to strong industrial bases in China, India, and Japan. Rapid growth in construction, automotive, and electronics is expected to drive continued expansion.

In North America, increasing demand for lightweight materials and rising investment in electronics and aerospace are key growth drivers. Europe benefits from strong manufacturing and regulatory pressure to adopt greener technologies, while Central & South America, particularly Brazil, is seeing increasing demand from the construction sector.

Competitive Landscape

The global composites market is highly competitive, with key players including:

  • 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

Many of these firms employ forward integration strategies and global distribution networks to strengthen market reach. However, the capital-intensive nature of composites manufacturing continues to pose a barrier to entry for new players.


Comments

Post a Comment

Popular posts from this blog

Global Single Cell Analysis Market Poised for Significant Growth Through 2034, Driven by Precision Medicine and Advancements in Genomics

 A newly released report titled “ Single Cell Analysis Market Size, Share & Trends Analysis Report by Product [Consumables (Reagents, Assay Kits), Instruments (Microscopes, Hemocytometers, Flow Cytometers, Next Generation Sequencing, PCR Systems, High-content Screening Systems, Cell Microarrays, Single Live Cell Imaging, Automated Cell Counters)], Application (Cancer, Immunology, Neurology, Stem Cell, Non-invasive Prenatal Diagnosis, In-vitro Fertilization, Others), Workflow (Single Cell Isolation & Library Preparation, Downstream Analysis, Data Analysis), End-use (Academic and Research Laboratories, Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Others), Geography – Global Forecast to 2034” delivers critical insights into one of the fastest-growing segments in life sciences. As research institutions and biopharmaceutical companies intensify their focus on personalized medicine, cell heterogeneity, and molecular diagnostics, the single...
Read more

Collagen & Gelatin Market to Witness Robust Growth Through 2034 Driven by Expanding Applications Across Food, Pharma, and Beauty Industries

 A newly released market research report titled " Collagen & Gelatin Market Size, Share & Trends Analysis Report – Global Forecast to 2034" highlights the dynamic evolution of the global collagen and gelatin industry. With expanding applications across food, pharmaceuticals, cosmetics, and healthcare sectors, the market is poised for significant growth over the forecast period. Market Overview Collagen and gelatin, known for their functional and bioactive properties, are increasingly utilized in industries ranging from food to medical devices. Driven by the rising demand for clean-label ingredients, protein-rich diets, and anti-aging solutions, this market is expected to exhibit a strong compound annual growth rate (CAGR) through 2034. Download Sample Pages -  https://www.theresearchinsights.com/request_sample?id=14946 Key Insights: By Product Type: Collagen leads the market, fueled by its rising incorporation in skincare, supplements, and tissue engineering...
Read more

Global Shunt Capacitor Market to Reach USD 1.61 Billion by 2030, Driven by Grid Modernization and Renewable Energy Integration

The global shunt capacitor market is set to grow significantly, with a market size estimated at USD 1.08 billion in 2024 and projected to reach USD 1.61 billion by 2030 , expanding at a CAGR of 7.0% during the forecast period. This growth is driven by the escalating demand for reliable electricity distribution, the integration of renewable energy sources, and the modernization of aging grid infrastructure.  Download Sample Pages-  https://www.theresearchinsights.com/request_sample?id=102 Buy the report -  https://www.theresearchinsights.com/license?id=102 Regional Insights Asia Pacific With a 45.04% market share in 2024 , Asia Pacific leads global demand for shunt capacitors. The region's surging energy consumption, growing industrial base, and massive renewable energy investments make it a hotspot for capacitor deployment. Countries such as India and China are aggressively expanding grid infrastructure to meet increasing electricity demands. China Trends China is inv...
Read more