Global Composites Market By Fiber Type (Glass, Carbon, Others), By Resin Type (Thermosetting, Thermoplastic, Others), By End-User (Wind Energy, Automotive & Transportation, Others), By Region–Forecast & Opportunities to 2026
Report Description
The global composites market value is USD 80.1 billion by 2019 Composites market is expected to grow at a CAGR of 6.1% during the forecast period.
Covid19 has disrupted the all the markets across the globe. The pandemic has caused declined in composites market by impacting constructional, wind energy, aerospace & defense and automotive sector. The shutdown of industries has negatively impacted the composites markets.
Definition:
A composites material is a material which is made up of two or constituents materials having different physical and chemical properties. When the two or more constituents are combined together they produce a material with different characteristics from individual material. This material is stronger, lighter and less expensive. These materials are largely preferred by various industries.
Market Dynamics (Drivers/Opportunities):
The growing demand of automotive sector across the globe has driving the composites market. The demand of composites is higher from automotive industry and growth of automotive sector will lead to increase in demand of composites market.
The government of many region across the globe has stringent the emission rules and regulation because of which the automotive manufacturer has to produce a light weight vehicle in order to control emission. To manufacture light weight vehicle composites fiber is required leading to growth of composites market.
Market Insights, by fiber Type
Based on fiber type the composites market is segmented into glass fiber composites, carbon fiber composites Natural fiber composites and others. The carbon fiber segment is estimated to register growth at highest CAGR of XX% during the forecast period. The adoption of carbon fiber composites are increasing in marine and wind energy applications
Market Insights, by Resin Types
Based on resin type the composites market is segmented into thermoplastic composites, thermosetting composites and others. The thermosetting composites segment has accounted for 72% market share which largest. Increasing demand of thermosetting composite in transportation, aerospace and defense industry is driving the market toward growth during forecast period
Market Insights, by End-user
Based on end-user type the composites market is segmented into automotive & transportation, aerospace & defense, wind energy, marine, construction & infrastructure and pipes & tanks. The automotive and transportation industry accounted for maximum market share of XX% in 2019.
Automotive segment is expected to register growth at highest CAGR during forecast period. The demand in automotive sector is growing across the globe and to fulfill demand of light vehicle to meet emission norms the composites fibers are required. Thus, drives the composites market towards the growth during forecast period.
Regional Insights
Asia-Pacific region is accounted for largest market share of XX% in 2019. The growth of various industries such as automotive, electrical & electronics, aerospace and construction has attributed the composites market in this region. This region is estimated to register growth a highest CAGR during the forecast period. Various industries are establishing Asia-Pacific region creating huge opportunities for growth in this region.
Key Companies & Market Share Insights
The key market players in composites region are Teijin Ltd., Toray Inc., Owens Corning, PPG Inc, Huntsman Corp. LLC, SGL Group, Hexcel Corp., DuPoint, Compagine de Saint-Gobain S.A, Weyerhaeuser Company, Momentive performance Materials Inc., Cytec Industries., Jushi Group Co., Mitsubishi chemicals Holding Corp., and Nippon Electric glass Co.
Segments Covered in the Report
This report forecasts The Global Composites Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global composites market report on the basis of resin type, fiber type, and end-user.
Global Composites Market Size & Forecast (2017-2026)
- Research Framework
- Market Definition and Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Sources
- Quantitative Research
- Primary & Secondary Sources
- Breakdown of Primary Research Respondents, By Region
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Industry Participants
- Market Size Estimation
- Assumption for the Study
- Market Breakdown & Data Triangulation
- Qualitative Research
- Executive Summary
- Market Snapshot
- Industry Insights
- Industry ecosystem analysis
- ValueChain Analysis
- Industry impact and forces
- Growth Drivers
- Challenges &Restraints
- Opportunities
- Disruptive Technological Analysis
- Regulatory framework
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Growth potential analysis, 2019
- Porter’s Five forces analysis
- Pricing Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Industry ecosystem analysis
- COVID – Impact Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Composites Market, By Fiber Type, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
- Introduction
- Carbon Fiber
- Glass Fiber
- Natural Fiber
- Otthers
- Composites Market, By Resin Type, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
- Introduction
- Thermosetting
- Thermoplastic Composites
- Others
- Composites Market, By End User, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
- Introduction
- Automotive & Transportation
- Aerospace & Defense
- Wind Energy
- Marine
- Construction & Infrastructure
- Pipes & Tanks.
- Others
- Composites Market, By Region, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
- Introduction
- North America Market Size & Forecast To 2026
- Market Overview
- COVID-19 Impact
- By Fiber Type
- By Resin Type
- By End-User
- By Country
- USA
- By End-User
- Canada
- Mexico
- USA
- South America Market Size & Forecast To 2026
- Market Overview
- COVID-19 Impact
- By Fiber Type
- By Resin Type
- By End-User
- By Country
- Brazil
- By End-User
- Argentina
- Chile
- Rest of South America
- Brazil
- Europe Market Size & Forecast To 2026
- Market Overview
- COVID-19 Impact
- By Fiber Type
- By Resin Type
- By End-User
- By Country
- UK
- By End-user
- Germany
- France
- Italy
- Rest of Europe
- UK
- APAC Market Size & Forecast To 2026
- Market Overview
- COVID-19 Impact
- By Fiber Type
- By Resin Type
- By End-User
- By Country
- China
- By End-User
- India
- Japan
- South Korea
- Australia
- Rest of APAC
- China
- Middle East & Africa Market Size & Forecast To 2026
- Market Overview
- COVID-19 Impact
- By Fiber Type
- By Resin Type
- By End-User
- By Country
- Saudi Arabia
- By End-User
- UAE
- Qatar
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Saudi Arabia
- Competitive Landscaping
- Competitive Benchmarking
- Market Share Analysis, 2019
- Global Presence and Growth Strategies
- Mergers & Acquisitions
- New Product Launches
- Investments Trends
- R&D Initiatives
- Competitive Benchmarking
- Company Profile
- Weyerhaeuser Company
- Company Overview
- Financial Overview
- Product Portfolio
- Recent Developments
- SWOT Analysis
- Strategic Outlook
- Teijin Ltd
- Toray Inc.
- Owens Corning
- PPG Inc
- Huntsman Corp. LLC,
- SGL Group
- Hexcel Corp.,
- DuPoint
- Compagine de Saint-Gobain S.A Company
- Momentive performance Materials Inc.,
- Cytec Industries.
- Jushi Group Co.
- Mitsubishi chemicals Holding Corp.
- Nippon Electric glass Co.
- Weyerhaeuser Company
- Appendix
- Interrelated Market
Research Methodology
The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.
To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.
The secondary research source that are typically referred to include, but are not limited to:
- Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
- Internal and external proprietary databases, relevant patent and regulatory databases
- National government documents, statistical databases and market reports
- News articles, press releases and web-casts specific to the companies operating in the market
The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:
- It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
- Helps in validating and strengthening the secondary research findings
- Further develops the analysis team’s expertise and market understanding
- Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
The participants who typically take part in such a process include, but are not limited to:
- Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
- Purchasing managers, technical personnel, distributors and resellers
- Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
- Key opinion leaders specializing in different areas corresponding to different industry end users
Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:
- Demographic data: Population split by segment
- Macro-economic indicators: GDP, etc.
- Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.
Data is then cross checked by the expert panel.
1.4.1 Company Share Analysis Model
Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

1.4.2 Revenue Based Modeling
Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

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