The increasing demand for advanced composites in the manufacturing of aircraft is expected to have a positive impact on the growth of the market for advanced composites. For instance, the overall large commercial aircraft supplied in 2013 was about 1200 units and is anticipated to surpass 1500 units by the end of the forecast period. Hence, the increasing product demand owing to its excellent technical properties such as excellent fatigue, high strength, stiffness, and abrasion resistance will be expected to enhance the market growth.
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Data Bridge Market Research analyses that the Advanced Composites Market is expected to reach USD 40,574.57 million by 2030, which was USD 21,921.18 million in 2022, registering a CAGR of 8.00% during the forecast period of 2023 to 2030. Advanced composites offer superior strength-to-weight ratios compared to traditional materials such as metals. This property makes them highly desirable in industries such as aerospace, automotive, and renewable energy, where lightweight materials can improve fuel efficiency, performance, and overall product capabilities.
Environmental sustainability is expected to drive the market's growth rate
Advanced composites contribute to environmental sustainability by offering lightweight alternatives to traditional materials. Their lightweight nature reduces fuel consumption and emissions in industries such as aerospace, automotive, and renewable energy. Moreover, composites can be recycled and have longer lifecycles, reducing waste and promoting resource efficiency. The growing focus on sustainability and environmental regulations across industries drives the demand for advanced composites as eco-friendly solutions with reduced environmental impact.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Fiber Type (Carbon, S-Glass, Aramid, Others), Resin Type (Thermosetting, Thermoplastic), Manufacturing Process (Automated Tape Laying (ATL) and Automated Fiber Placement (AFP), Hand Layup/Spray Layup, Filament Winding, Pultrusion, Resin Transfer Molding (RTM), Compression Molding, Injection Molding, Others), End-User (Aerospace and Defense, Automotive, Energy and Power, Sports Equipment, Civil Engineering, Electrical and Electronics, Healthcare, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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TORAY INDUSTRIES, INC. (Japan), Teijin Aramid B.V. (Netherlands), Mitsubishi Chemical Group Corporation Japan Huntsman International LLC. (U.S.), BASF SE (Germany), Solvay (Belgium), Akzo Nobel N.V. (Netherlands); DuPont (U.S.), Hexion (U.S.), Honeywell International Inc. (U.S.), Owens Corning (U.S.), Formosa Plastics Corporation (Taiwan), Henkel AG & Co. KgaA (Germany), Lyondellbasell Industries Holdings B.V. (Netherlands), Hanwha Solutions (South Korea), SGL Carbon (Germany), Kemira (Finland), H.B Fuller Company (U.S.), Evonik Industries AG (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The advanced composites market is segmented on the basis of type, resin, manufacturing process, and end-user.
- On the basis of type, the global advanced composites market is segmented into carbon fiber composites, S-glass composites, aramid fiber composites, and others. The carbon fiber composites segment is expected to dominate the global advanced composites market with a CAGR of 7.7% in the forecast period of 2023 to 2030 due to the demand for the lightweight material increasing for the production of finished goods which makes carbon fiber.
In 2023, the carbon fiber composites segment is expected to dominate the type segment of the global advanced composites market
In 2023, the carbon fiber composites segment is expected to dominate the global advanced composites market owing to its exceptional strength-to-weight ratio, high stiffness, and excellent fatigue resistance, making it a preferred choice in industries such as aerospace, automotive, and sports equipment with a CAGR of 7.7% in the forecast period of 2023 to 2030
- On the basis of resin, the global advanced composites market is segmented into thermosetting, thermoplastic. The thermosetting segment is expected to dominate the global advanced composites market with a CAGR of 7.6% in the forecast period of 2023 to 2030 due to resin can re-form parts as thermoplastic resins can retain their properties even after repeated heating and cooling which makes advanced thermoplastic to dominate in the region.
- On the basis of the manufacturing process, the global advanced composites market is segmented into automated tape laying (ATL) and automated fiber placement (AFP), hand layup/spray layup, compression molding, resin transfer molding (RTM), injection molding, filament winding, pultrusion and others. The automated tape laying (ATL) and automated fiber placement (AFP) segment is expected to dominate the global advanced composites market with a CAGR of 8.6% in the forecast period of 2023 to 2030 due to the increase in the technology, advancement for the manufacturing of the lightweight composite material increases the demand for the automated tape laying (ATL) and automated fiber placement (AFP) process in the region.
In 2023, the automated tape laying (ATL) and automated fiber placement (AFP) segment is expected to dominate the manufacturing process segment of the global advanced composites market
In 2023, the automated tape laying (ATL) and automated fiber placement (AFP) segment is expected to dominate the global advanced composites market owing to higher precision and flexibility in placing fiber reinforcements, allowing for more intricate and tailored composite components. On the other hand, ATL is commonly used for less complex geometries and larger surface areas with a CAGR of 8.6% in the forecast period of 2023 to 2030
- On the basis of end-user, the global advanced composites market is segmented into aerospace and defense, energy and power, automotive, sports equipment, civil engineering, electrical and electronics, healthcare, and others. The aerospace and defense segment is expected to dominate the global advanced composites market with a CAGR of 8.1% in the forecast period of 2023 to 2030 due to an increase in the demand for airplanes and aerospace and defense to dominate in the region.
Major Players
Data Bridge Market Research recognizes the following companies as the major advanced composites market players in advanced composites market are TORAY INDUSTRIES, INC. (Japan), Teijin Aramid B.V. (Netherlands), Mitsubishi Chemical Group Corporation Japan Huntsman International LLC. (U.S.), BASF SE (Germany), Solvay (Belgium), Akzo Nobel N.V. (Netherlands); DuPont (U.S.), Hexion (U.S.), Honeywell International Inc. (U.S.), Owens Corning (U.S.)
Market Development
- В 2022 году команда Bioproduct Chemistry разработала экологически чистый метод производства гибких и прочных целлюлозных пленок, сохраняющих свою целостность даже во влажном состоянии. Этот материал создан путем креативного сочетания древесных и биоразлагаемых полимеров без какой-либо химической модификации, что максимально увеличивает преимущества каждого компонента.
- В 2022 году на передовых предприятиях по компаундированию Insight Polymers and Compounding в Теннесси была добавлена совершенно новая линия двухшнековой экструзии. Благодаря возможности высокотемпературной обработки и реактивных процессов экструзии, таких как отшелушивание, привитая полимеризация и дисперсия наночастиц, это дополнение расширяет спектр потенциальных применений.
- В 2022 году компания Solvay выпустила новую усовершенствованную систему термореактивных смол под названием VTM260, предназначенную для высокопроизводительных композитных конструкций в аэрокосмической и оборонной промышленности.
- В 2019 году 3A Composites Holding AG приняла решение о подписании инвестиционного соглашения по проекту ПЭТ, которое позволит увеличить производство высокопроизводительных конструкционных пенопластовых материалов ПЭТ. Это развитие помогает компании увеличить доход.
- В 2019 году LyondellBasell Industries Holdings BV заключила соглашение с Phu My Plastics Production JSC на поставку технологии для производства нового полипропилена 300 KTA во Вьетнаме. Это развитие помогло компании увеличить доход.
Региональный анализ
Географически в отчете о рынке передовых композитов рассматриваются следующие страны: США, Канада и Мексика в Северной Америке, Германия, Франция, Великобритания, Нидерланды, Швейцария, Бельгия, Россия, Италия, Испания, Турция, остальные страны Европы в Европе, Китай, Япония, Индия, Южная Корея, Сингапур, Малайзия, Австралия, Таиланд, Индонезия, Филиппины, остальные страны Азиатско-Тихоокеанского региона (APAC) в Азиатско-Тихоокеанском регионе (APAC), Саудовская Аравия, ОАЭ, Южная Африка, Египет, Израиль, остальные страны Ближнего Востока и Африки (MEA) как часть Ближнего Востока и Африки (MEA), Бразилия, Аргентина и остальные страны Южной Америки как часть Южной Америки.
Согласно анализу Data Bridge Market Research:
Северная Америка будет доминирующим регионом на рынке современных композитных материалов в прогнозируемый период 2023–2030 гг.
Северная Америка является доминирующей силой на рынке передовых композитов, что обусловлено растущим спросом на легкие материалы в производстве автомобилей и самолетов. Соединенные Штаты, как ожидается, будут лидером роста этого рынка в Северной Америке, в первую очередь из-за их широкого использования передовых композитов в различных приложениях в регионе. Эта тенденция свидетельствует о значительной роли, которую играют США в продвижении достижений и принятии передовых композитов.
По оценкам, Азиатско-Тихоокеанский регион станет самым быстрорастущим регионом на рынке современных композитных материалов в прогнозируемый период 2023-2030 гг.
Ожидается, что Азиатско-Тихоокеанский регион испытает быстрый рост рынка передовых композитов с 2023 по 2030 год, что в первую очередь обусловлено значительным потреблением передовых композитов в регионе в различных областях применения. Такие отрасли, как аэрокосмическая и оборонная промышленность, гражданское строительство, электротехника и электроника, энергетика и электроснабжение, автомобилестроение, производство спортивного оборудования, здравоохранение и другие, стимулируют спрос на передовые композиты в регионе. Это растущее внедрение передовых композитов в различных секторах делает Азиатско-Тихоокеанский регион самым быстроразвивающимся регионом в прогнозируемый период.
Для получения более подробной информации об отчете о рынке современных композитных материалов нажмите здесь – https://www.databridgemarketresearch.com/reports/global-advanced-composite-market
