High Performance Composites Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global High-Performance Composites market size is estimated at USD 48.3 million in 2020, expanding at a CAGR of 4.9% from 2021-2027.
Market Dynamics
High-Performance Composites is the combination of carbon, glass, ultrahigh-molecular-weight polyethylene (UHWPE), aramid, ceramic, quartz, boron, and other fibers. High-Performance Composites are widely used in aviation, aerospace, transportation, and defense, among others.
Growing demand for lightweight materials in the aerospace & aviation and automotive industry because of their excellent properties, durability, chemical & heat resistance nature, lightweight, etc., is anticipated to boost the market during the forecast period.
In addition, rising awareness regarding the renewable source of energy especially in developed countries is likely to fuel the demand for high-performance composites during the forecast period. Moreover, the use of High-Performance Composites in Wind Turbine Blades and the use of S-Glass and Carbon Fiber Reinforced Plastics in Boeing and Airbus Aircraft are likely to foster the demand for high-performance composites.
However, the high cost of High-Performance Composites is likely to hamper the market growth in developing countries during the forecast period.
Based on Fiber Type, the market is bifurcated into S-Glass, Carbon Fiber, Aramid Fiber, and others. The S-Glass segment is estimated to hold the largest market share during the forecast period owing to properties such as high strength, improved mechanical properties, and resistance to chemicals & heat. Moreover, these composites have low flammability and high resistance to corrosion.
Based on Resin Type, the market is segmented into Thermoset Resins, Thermoplastic Resins, and others. The Thermoplastic Resins segment witnessed the largest market share during the forecast period owing to the increase in demand & production capacities from end-use industries such as construction, automotive, transport, and others.
Based on Application, the market is bifurcated into Aerospace, Automotive, Military & Defense, Construction, Wind Turbine, Consumer goods, Electronics, and others. The Aerospace and Automotive segment is projected to hold the largest market share in the High-Performance Composites market during the forecast period due to lightweight, high strength, increased corrosion resistance, stiff materials with enhanced mechanical properties of high-performance composites.
Regionally, the European region holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period owing to the increasing demand for high-performance composites from European countries and favorable regulations regarding the use of high-performance composites for various end-use industries.
Moreover, the increasing government funds and contribution to the aerospace & defense sector in the North America and Asia-Pacific region is also expected to fuel the growth of the market during the forecast period.
Some of the prominent players are Arkema SA, Albany International Corporation, BASF SE, Solvay, DuPont, SABIC, TPI Composites, Huntsman International LLC, Owens Corning Corporation, SGL Group, Toray Industries Inc., Koninklijke Ten Cate BV, Mitsubishi Rayon Co. Ltd., Hexcel Corporation and Northrop Grumman Corporation, among others.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of High-Performance Composites Market by fiber type, resin type, application, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Arkema SA
- Albany International Corporation
- BASF SE
- Solvay
- DuPont
- SABIC
- TPI Composites
- Huntsman International LLC
- Owens Corning Corporation
- SGL Group
- Toray Industries Inc.
- Koninklijke Ten Cate BV
- Mitsubishi Rayon Co. Ltd.
- Hexcel Corporation
- Northrop Grumman Corporation
Fiber Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- S-Glass
- Carbon Fiber
- Aramid Fiber
- Others
Resin Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Thermoset Resins
- Thermoplastic Resins
- Others
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Aerospace
- Automotive
- Military & Defense
- Construction
- Wind Turbine
- Consumer goods
- Electronics
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- Latin America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
1. High Performance Composites Market Overview Refrigerants
1.1. Product Overview and Scope of High Performance Composites
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global High Performance Composites Market Size Growth Rate Analysis by Fiber Type 2020 VS 2027
1.3.1. S-Glass
1.3.2. Carbon Fiber
1.3.3. Aramid Fiber
1.3.4. Others
1.4. Global High Performance Composites Consumption Comparison by Resin Type: 2020 VS 2027
1.4.1. Thermoset Resins
1.4.2. Thermoplastic Resins
1.4.3. Others
1.5. Global High Performance Composites Consumption Comparison by Application: 2020 VS 2027
1.5.1. Aerospace
1.5.2. Automotive
1.5.3. Military & Defense
1.5.4. Construction
1.5.5. Wind Turbine
1.5.6. Consumer goods
1.5.7. Electronics
1.5.8. Others
1.6. Global High Performance Composites Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America High Performance Composites Estimates
1.6.2. Europe High Performance Composites Estimates
1.6.3. Asia-Pacific High Performance Composites Estimates
1.6.4. Latin America High Performance Composites Estimates
1.6.5. Middle East & Africa High Performance Composites Estimates
2. Market Competition by Manufacturers
2.1. Global High Performance Composites Revenue Market Share by Manufacturers (2020)
2.2. High Performance Composites Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global High Performance Composites Average Price by Manufacturers (2016-2021)
2.4. Manufacturers High Performance Composites Production Sites, Area Served, Product Types
2.5. High Performance Composites Market Competitive Situation and Trends
2.5.1. High Performance Composites Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global High Performance Composites Consumption by Region (2016-2021)
3.1. Global High Performance Composites Consumption by Region
3.2. Global High Performance Composites Consumption Market Share by Region
3.2.1. North America
3.2.2. North America High Performance Composites Consumption Growth Rate (2016-2021)
3.2.3. North America High Performance Composites Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America High Performance Composites Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe High Performance Composites Consumption Growth Rate (2016-2021)
3.2.7. Europe High Performance Composites Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe High Performance Composites Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific High Performance Composites Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific High Performance Composites Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific High Performance Composites Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. Latin Korea
3.2.13. Latin America
3.2.14. Latin America High Performance Composites Consumption Growth Rate (2016-2021)
3.2.15. Latin America High Performance Composites Consumption, Price and Gross Margin (2016-2021)
3.2.16. Latin America High Performance Composites Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa High Performance Composites Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa High Performance Composites Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa High Performance Composites Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. Latin Africa
4. Global High Performance Composites Consumption by Fiber Type (2016-2021)
4.1. Global High Performance Composites Price by Fiber Type (2016-2021)
4.2. Global High Performance Composites Revenue Market Share by Fiber Type (2016-2021)
4.2.1. S-Glass
4.2.2. Carbon Fiber
4.2.3. Aramid Fiber
4.2.4. Others
5. Global High Performance Composites Consumption by Resin Type (2016-2021)
5.1. Global High Performance Composites Price by Resin Type (2016-2021)
5.2. Global High Performance Composites Revenue Market Share by Resin Type (2016-2021)
5.2.1. Thermoset Resins
5.2.2. Thermoplastic Resins
5.2.3. Others
6. Global High Performance Composites Consumption by Application (2016-2021)
6.1. Global High Performance Composites Price by Application (2016-2021)
6.2. Global High Performance Composites Revenue Market Share by Application (2016-2021)
6.2.1. Aerospace
6.2.2. Automotive
6.2.3. Military & Defense
6.2.4. Construction
6.2.5. Wind Turbine
6.2.6. Consumer goods
6.2.7. Electronics
6.2.8. Others
7. Key Companies Profiled
7.1. Arkema SA
7.1.1. Arkema SA High Performance Composites Corporation Information
7.1.2. Arkema SA High Performance Composites Product Portfolio
7.1.3. Arkema SA High Performance Composites Consumption, Price and Gross Margin (2016-2021)
7.1.4. Arkema SA Main Business and Markets Served
7.1.5. Arkema SA Recent Developments/Updates
7.2. Albany International Corporation
7.3. BASF SE
7.4. Solvay
7.5. DuPont
7.6. SABIC
7.7. TPI Composites
7.8. Huntsman International LLC
7.9. Owens Corning Corporation
7.10. SGL Group
7.11. Toray Industries Inc.
7.12. Koninklijke Ten Cate BV
7.13. Mitsubishi Rayon Co. Ltd.
7.14. Hexcel Corporation
7.15. Northrop Grumman Corporation
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. High Performance Composites Distributors List
8.3. High Performance Composites Customers
9. Market Dynamics
9.1. High Performance Composites Industry Trends
9.2. High Performance Composites Growth Drivers
9.3. High Performance Composites Market Challenges
9.4. High Performance Composites Market Restraints
10. Global High Performance Composites Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of High Performance Composites, by Regions and Country
10.1.1. North America Forecasted Consumption of High Performance Composites by Country
10.1.2. Europe Market Forecasted Consumption of High Performance Composites by Country
10.1.3. Asia Pacific Market Forecasted Consumption of High Performance Composites by Region
10.1.4. Latin America Forecasted Consumption of High Performance Composites by Country
10.1.5. Middle East and Africa Forecasted Consumption of High Performance Composites by Country
11. Global High Performance Composites Consumption and Demand Forecast, by Fiber Type Segments (2022-2027)
11.1. Global Forecasted Consumption of High Performance Composites by Fiber Type Segments(2022-2027)
11.2. Global Consumption and Price Forecast by Fiber Type Segments (2022-2027)
11.3. Global Forecasted Growth Rate of High Performance Composites by Fiber Type Segments(2022-2027)
12. Global High Performance Composites Consumption and Demand Forecast, by Resin Type Segments (2022-2027)
12.1. Global Forecasted Consumption of High Performance Composites by Resin Type Segments(2022-2027)
12.2. Global Consumption and Price Forecast by Resin Type Segments (2022-2027)
12.3. Global Forecasted Growth Rate of High Performance Composites by Resin Type Segments(2022-2027)
13. Global High Performance Composites Consumption and Demand Forecast, by Application Segments (2022-2027)
13.1. Global Forecasted Consumption of High Performance Composites by Application Segments(2022-2027)
13.2. Global Consumption and Price Forecast by Application Segments (2022-2027)
13.3. Global Forecasted Growth Rate of High Performance Composites by Application Segments(2022-2027)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Design
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
Enquire Before Purchase
Frequently Asked Questions
Why Choose Market Research Strategy?
We utilize market analysis/information from verified authenticated data sources to scoop accurate research reports
We understand the urgency of our clients and their clients' in the competitive space thus, deliver the report in minimum turnaround
Without further ado, choose us and get instant access to reliable analysis to help you make the right business decisions.
We abide by the information security policy and adheres to keep your private and business information confidential and secure.