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
- 2022 年，生物產品化學團隊提出了一種環保方法，用於生產柔韌耐用的纖維素薄膜，即使在潮濕的情況下也能保持其完整性。這種材料是透過對木質和可生物降解聚合物進行創造性組合而產生的，無需任何化學改性，最大限度地發揮了每種成分的優勢。
- 2022年，Insight Polymers and Compounding 位於田納西州的尖端複合設施中增加了一條全新的雙螺桿擠出生產線。透過實現高溫加工和反應擠出製程（例如剝離、接枝聚合和奈米顆粒分散），這一添加擴大了潛在應用的範圍。
- 2022年，索爾維推出了名為VTM260的新型先進熱固性樹脂系統，專為航空航太和國防工業的高性能複合結構而設計。
- 2019年，3A複合材料控股公司決定簽署PET專案投資協議，增加高性能PET結構泡沫材料的產量。這一發展有助於公司增加收入。
- 2019 年，利安德巴塞爾工業控股公司與 Phu My Plastics Production JSC 簽署協議，為其在越南生產新的 30 萬噸/年的聚丙烯提供技術。這一發展幫助公司增加了收入。
區域分析
從地理上看，先進複合材料市場報告涵蓋的國家包括北美的美國、加拿大和墨西哥，歐洲的德國、法國、英國、荷蘭、瑞士、比利時、俄羅斯、義大利、西班牙、土耳其，歐洲其他地區，中國、日本、印度、韓國、新加坡、馬來西亞、澳洲、泰國、印尼、菲律賓，亞太地區其他地區（APAC），沙烏地阿拉伯、阿聯酋、南非、其他地區（A）
根據 Data Bridge 市場研究分析：
2023-2030 年預測期內，北美是先進複合材料市場的主導地區
受汽車和飛機製造對輕質材料日益增長的需求推動，北美是先進複合材料市場的主導力量。預計美國將引領北美該市場的成長，這主要是因為美國在該地區的各種應用中廣泛使用了先進複合材料。這一趨勢顯示美國在推動先進複合材料的進步和應用方面發揮了重要作用。
預計2023-2030 年預測期內亞太地區將成為先進複合材料市場成長最快的地區
預計 2023 年至 2030 年期間亞太地區的先進複合材料市場將快速成長，這主要歸因於該地區在各種應用領域對先進複合材料的大量消費。航空航太和國防、土木工程、電氣和電子、能源和電力、汽車、運動器材、醫療保健等行業正在推動該地區對先進複合材料的需求。各行業對先進複合材料的採用日益增多，使得亞太地區成為預測期內發展最快的地區。
有關先進複合材料市場報告 的更多詳細信息，請點擊此處 - https://www.databridgemarketresearch.com/reports/global-advanced-composite-market
