Download Sample
Please fill the form and we will share the sample report over e-mail within 24 hours.
As per this study the global high performance composite market was valued USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of XX%. By volume, the market was estimated at XX KT in 2022 and is expected to reach XX KT by 2030 with a CAGR of XX%.
Composite or fiber-reinforced polymer (FRP) refers to materials prepared by the combination of two or more materials to gain enhanced physiochemical properties. Composites are matrix polymers, reinforced with man-made or natural occurring fiber. These materials exhibit superior strength, stiffness, and low weight and can be formed into complex shapes. Introduction of widespread glass and resin combinations in high performance composites makes is an ideal material to achieve specific performance requirements. Thus, composite materials are replacing metal and plastic in numerous industrial application.
Market Dynamics
Increase in fuel prices and a rise in demand for automobiles globally is expected to propel the need for lightweight and fuel-efficient vehicles across the globe. Carbon fiber application in wind energy is a major application segment for carbon fiber and its composites. Owing to stringent carbon emission norms, there is a great demand for renewable energy sources from developed countries. Wind energy is one of the cleanest forms of renewable energy. The increased capacities of wind energy installations are expected to be a boon for the carbon fiber market. The building & construction industry has traditionally been the largest consumer of glass fibers. Glass fiber reinforced composites find extensive use in various residential, non-residential, and commercial building applications. However, recyclability concerns of high performance composite may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of high performance composite.
Market Segmentation
The broad high performance composite market has been sub-grouped into fiber, resins and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Fibers
By Resins
By Applications
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for high performance composite in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global High Performance Composite Market Share by Region (Representative Graph)​
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the high performance composite market include Arkema SA, BASF SE, E. I. Du Pont De Nemours and Company, Hexcel Corporation, Hyosung Corp., Koninklijke Tencate NV, Owen Corning, Sgl Carbon SE, Solvay SA, Teijin Ltd, and Toray Industries. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.