The Global Market for Composites: Resins, Fillers, Reinforcements, Natural Fibers and Nanocomposites

The Global Market for Composites: Resins, Fillers, Reinforcements, Natural Fibers and Nanocomposites



Report Scope

The scope of this report is extensive, as it covers a variety of composites that are used globally. The market for composites is analyzed by dividing it based on five major types and subtypes. BCC Research analyzed essential categories and regions to determine the present and future composites market status. The report also discusses market strategies, ESG development, emerging trends, regulatory landscape, key players, and market driving forces. The base year for the market study is 2023, and the estimates and forecasts are for 2024 through 2029. Market estimates are in U.S. dollars (millions). The report concentrates on composite products and technologies currently in commercial use; while promising, other products that are not likely to make out of the laboratory are not covered in scope. Moreover, the market size includes the revenue that composite-producing companies generate by incorporating industrial-scale technologies.

The global composites market is segmented into:

Reinforcement Materials – By Type: fibrous, nonfibrous; By Application: aerospace and defense, automotive, wind energy, construction, consumer goods, marine, plastics, energy, rubber, paint and coatings, electrical and electronics, ceramics, sporting goods, pipes and tanks, medical and healthcare, and others; By Region: North America, Europe, Asia-Pacific, South America, and Rest of the World; By Fibrous Type of Reinforcement: glass fiber, ceramic fiber, aramid fiber, carbon fiber, boron fiber, epoxy/vinyl ester, and others (basalt fiber, quartz fibers, fiber hybrids; By Nonfibrous Type of Reinforcement: silicas, talcs, mica, wollastonite.

Resins – By Type: thermosets, thermoplastics; By Application: pipes and tanks, construction, marine, electrical and electronics, aerospace and defense, automotive, wind energy, and others; By Region: North America, Europe, Asia-Pacific, South America, and Rest of the World.

Fillers – By Type: calcium carbonate, ATH (alumina trihydrate) and others {calcium sulphate, magnesium hydroxide and synthetic silicas); By Application: automotive, pipes and tanks, consumer goods, marine, construction, electrical and electronics, and others; By Region: North America, Europe, Asia-Pacific, South America, and Rest of the World.

Nanocomposites – By Type: nanoclays, carbon nanotubes, nanofibers, metal oxides, graphene, and others (green polymer nanocomposites, hybrid nanocomposites, silicon dioxide nanoparticles); By Application: automotive, packaging, electrical and electronics, medical and healthcare, aerospace and defense, energy, paint and coatings, adhesives and sealants, sporting goods, textiles, construction, chemicals, filtration, photovoltaics, and others; By Region: North America, Europe, Asia-Pacific, South America, and Rest of the World.

Natural Fibers – By Type: wood fiber, hemp, flax, others (kenaf, rice husk fiber, abaca fiber); By Application: construction, automotive, consumer goods, others; By Region: North America, Europe, Asia-Pacific, South America, and Rest of the World.

Report Includes

108 data tables and 87 additional tables

An overview of the global market for composites

Analyses of global market trends, with market revenue data from 2023, estimates for 2024, and projected CAGRs through 2029

Estimate of the current market size and revenue prospects, along with a market share analysis by type (and subtype), application and region/country

Discussion of the market dynamics, technological advances, regulations, and the macroeconomic factors influencing the industry

A Porter’s Five Forces model, and global supply chain and SWOT analyses of the composites market

Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies

An update on recent patents

Analysis of the industry structure, including company market shares, strategic alliances, M&A activity and a venture funding outlook

Profiles of leading players, including Toray Industries Inc., Owens Corning, Hexcel Corp., SGL Carbon SE, and Mitsubishi Chemical Group Corp.

Companies Mentioned

ARKEMA
CHINA JUSHI CO. LTD.
DUPONT
GURIT SERVICES AG
HEXCEL CORP.
HEXION INC.
HUNTSMAN INTERNATIONAL LLC
IDI COMPOSITES INTERNATIONAL
INEOS
KUREHA CORP.
LG CHEM
LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
MITSUBISHI CHEMICAL GROUP CORP.
NIPPON ELECTRIC GLASS CO. LTD.
NORSKE SKOG ASA
OWENS CORNING
RTP COMPANY
SABIC
SAINT-GOBAIN
SGL CARBON
SYENSQO
TECNARO GMBH
TEIJIN LTD.
TORAY INDUSTRIES INC.
UFP INDUSTRIES INC.
UPM


Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Chapter 2 Market Overview
Overview
Technology Background
Manufacturing Process
The Role of Robotics and Automation in the Composites Industry
Benefits of Composite Materials
Sustainability in the Composites Industry
Pillars of Sustainability
Waste Management Hierarchy
State of Recycled Carbon Fiber
Importance of Bio-based Composite Materials
Supply Chain Analysis
Key Regulators in the Composites Industry
Regulations by Country
Regulatory Bodies in Natural Fibers
Pricing Analysis
Chapter 3 Market Dynamics
Market Drivers
Growing Demand of Advanced Composites in Electrical and Electronics Sector
Rising Adoption of Composites in the Aerospace Industry
Advances in Energy Sector
Growing Usage of Composites in the Automotive Sector
Composites Adoption in Infrastructure and Construction
Market Restraints/Challenges
Recycling and Disposal Challenges
High Cost of Materials
Global Supply Chain Disruptions and Geopolitical Tensions
Potential Health Risks Caused by Nanocomposites
Market Opportunities
Space Exploration
Composites Opportunities in Electric Vertical Takeoff and Landing (eVTOLs)
Growing Scope of Bio-composites in the Marine Industry
Demand for Biomass-based Nanofibers
Penetration of Composites in Sports and Recreation
Potential of Nanocomposites in Enhancing Safety of Pipes for Oil & Gas and Chemicals Sector
Chapter 4 Emerging Technologies and Developments
Overview
Recent Innovations in the Composite Industry
Carbon Fiber-based Materials
Lightweighting
Additive Manufacturing
Nanocomposites
Smart Metal Composites
High Performance Resins & Adhesives
Advanced Polymer Composites
Biomaterials
Circular Materials Economy
Intelligent Design & Manufacturing
Out-of-Autoclave Manufacturing
Automated Fiber Placement and Automated Tape Laying (ATL)
Plasma-Enhanced Chemical Vapor Deposition (PECVD)
Thermomechanical Pulp
Bicomponent Spinning
3D Printing
Natural Fiber Composites
Hybrid Composites
Nanotechnology
Resin Infusion Technologies
Emerging Technologies
Key Developments in Applications
Architecture and Construction
Aerospace Industry
Automotive Sector
Energy Production and Storage
Marine Sector
Sports and Recreation
Patent Analysis
Chapter 5 Market Segmentation Analysis
Overview
Composites Market Analysis
Reinforcement Materials Market Analysis
Reinforcement Materials Market Analysis by Region
Fibrous Reinforcement Materials Market Analysis
Fibrous Reinforcement Materials Market Analysis, by Application
Fibrous Reinforcement Materials Market Analysis by Region
Fibrous Reinforcement Materials Market Analysis, by Type
Nonfibrous Reinforcement Materials Market Analysis
Nonfibrous Reinforced Composites Market Analysis by Region
Nonfibrous Reinforcement Materials Market Analysis by Application
Nonfibrous Reinforced Composites Market Analysis by Type
Resin Materials Market Analysis
Resin Materials Market Analysis by Application
Resin Materials Market Analysis, by Region
Resin Materials Market Analysis by Type
Fillers Market Analysis
Fillers Market Analysis by Application
Fillers Market Analysis, by Region
Fillers Market Analysis by Type
Nanocomposites Market Analysis
Nanocomposites Market Analysis, by Application
Nanocomposites Market Analysis by Region
Nanocomposites Market Analysis by Type
Natural Fibers Market Analysis
Natural Fibers Market Analysis by Application
Natural Fibers Market Analysis by Region
Natural Fibers Market Analysis by Type
Geographic Breakdown
Composites Market, by Region
North America
Europe
Asia-Pacific
South America
Rest of the World
Chapter 6 Competitive Intelligence
Overview
Top Players Ranking Analysis
Strategic Analysis
Chapter 7 Sustainability in Composites Market: ESG Perspective
Importance of Environmental, Social and Governance (ESG) in the Composites Industry
Sustainability Trends in Composites Industry
Low Carbon Feedstocks
Manufacturing Efficiency
Increasing Composite Lifetime
Reuse and Repair
Chemical Recycling Technologies
Inherently Recyclable Composite Materials
ESG Practices in the Composites Industry
Current Status of ESG in the Composites Market
ESG Score Analysis
Risk Scale, Exposure Scale and Management Scale
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks from BCC Research
Chapter 8 Appendix
Methodology
References
Abbreviations Used in this Report
Company Profiles
ARKEMA
CHINA JUSHI CO. LTD.
DUPONT
GURIT SERVICES AG
HEXCEL CORP.
HEXION INC.
HUNTSMAN INTERNATIONAL LLC
IDI COMPOSITES INTERNATIONAL
INEOS
KUREHA CORP.
LG CHEM
LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
MITSUBISHI CHEMICAL GROUP CORP.
NIPPON ELECTRIC GLASS CO. LTD.
NORSKE SKOG ASA
OWENS CORNING
RTP COMPANY
SABIC
SAINT-GOBAIN
SGL CARBON
SYENSQO
TECNARO GMBH
TEIJIN LTD.
TORAY INDUSTRIES INC.
UFP INDUSTRIES INC.
UPM

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