Market Executive Summary

Due to the COVID-19 pandemic, the global Composite Material market size was US$ 878.4 million in 2022 and is forecast to a readjusted size of US$ 1084.4 million by 2029 with a CAGR of 2.6% during the forecast period 2023-2029.

The global key companies of Composite Material include Element Materials Technology, Henkel AG & CO, KGaA, Exova Group plc, Westmoreland Mechanical Testing & Research Inc, Instron, Matrix Composite Inc, ETIM Composites Testing Laboratory and Mistras Group Inc, etc. In 2022, the global top five players had a share approximately % in terms of revenue.

A material made up of two or more constituent materials possessing varied physical or chemical properties and is different from individual components is known as a composite material. These composites are highly used in aerospace and defense, transportation, and wind energy applications. Hence, comprehensive testing is carried out on these materials with specific standards known as composite testing. Composite testing is widely used in aerospace & defense sector to evaluate the performance and structural applications.

Major commercial aircraft manufacturers such as Airbus and Boeing have developed aircraft such as Airbus A350 and Boeing 787 that constitute almost 50% of the composites in their airframe structures. Aviation giants such as National Aeronautics and Space Administration (NASA) and SpaceX widely use composite testing due to resistance fatigue & corrosion and high stiffness-to-weight ratio.

The United States Composite Material market size was US$ million in 2022, while China size was US$ million. The proportion of the United States was % in 2022, while China percentage was %, and it is predicted that China share will reach % in 2029, trailing a CAGR of % through the analysis period. As for the Europe Composite Material landscape, Germany is projected to reach US$ million by 2029. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.

The market research report offered here is a very useful resource that can help manufacturers, stakeholders, decision-makers, and other market participants to become familiar with every factor impacting the growth of the global Composite Material market. The analysts authoring the report have closely studied key strategies adopted by top players of the global Composite Material market. The report includes SWOT, and other market analyses to provide a clear and deep understanding of important aspects of the global Composite Material market. Readers of the report can become informed about current and future trends of the global Composite Material market and how they will impact market growth during the forecast period.

By Company

    Element Materials Technology

    Henkel AG & CO

    KGaA

    Exova Group plc

    Westmoreland Mechanical Testing & Research Inc

    Instron

    Matrix Composite Inc

    ETIM Composites Testing Laboratory

    Mistras Group Inc

    Intertek Group plc

Segment by Type

    Polymer Matrix Composites

    Continuous Fiber Composites

    Ceramic Matrix Composites

    Discontinuous Fiber Composites

    Others

Segment by Application

    Sporting Goods

    Aerospace & Defense

    Electrical & Electronics

    Wind Energy

    Building & Construction

    Transportation

    Others

By Region

    North America

        U.S.

        Canada

    Europe

        Germany

        France

        U.K.

        Italy

        Russia

    Asia-Pacific

        China

        Japan

        South Korea

        India

        Australia

        Taiwan

        Indonesia

    Latin America

        Mexico

        Brazil

        Argentina

    Middle East & Africa

        Turkey

        Saudi Arabia

        UAE

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc.), including the market size of each market segment, future development potential, and so on.

Chapter 2: Revenue of Composite Material in global and regional level.

Chapter 3: Detailed analysis of Composite Material companies' competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: North America (US & Canada) by type, by application and by country, revenue for each segment.

Chapter 7: Europe by type, by application and by country, revenue for each segment.

Chapter 8: Asia Pacific by type, by application and by region, revenue for each segment.

Chapter 9: Latin America by type, by application and by country, revenue for each segment.

Chapter 10: Middle East and Africa, by type, by application and by country, revenue for each segment.

Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Composite Material revenue, gross margin, and recent development, etc.

Chapter 12: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 13: Research Findings and Conclusion