複合材料市場:繊維タイプ(ガラス繊維複合材料、炭素繊維複合材料、天然繊維複合材料)、樹脂タイプ(熱硬化性複合材料、熱可塑性複合材料)、製造プロセス、最終用途産業、地域別 - 2026年までの世界予測Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region - Global Forecast to 2026 複合材の世界市場規模は、2021年の880億米ドルから2021年には1,263億米ドルまで、2021年から2026年の間に7.5%のCAGRで成長すると予測されています。複合材は、剛性、強度、粘り強さ、密度、熱・電気伝導性、耐疲... もっと見る
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サマリー複合材の世界市場規模は、2021年の880億米ドルから2021年には1,263億米ドルまで、2021年から2026年の間に7.5%のCAGRで成長すると予測されています。複合材は、剛性、強度、粘り強さ、密度、熱・電気伝導性、耐疲労性、耐腐食性などの優れた特性を備えています。このように複合材料は優れた特性を持つため、高性能なアプリケーションではアルミニウムやスチールなどの従来の材料はあまり好まれません。しかし、世界的な流行病であるCOVID-19の影響で、自動車、風車、航空機メーカーが操業停止に追い込まれており、2020年には複合材の需要が減少すると予想されています。"天然繊維複合材は複合材市場の中で、金額ベースで最も成長している繊維タイプである。" 天然繊維複合材は、2021年から2026年にかけて、金額ベースで最も高いCAGRを記録すると予測されています。亜麻、ヘンプ、ジュート、ケナフなどの天然繊維が、ポリプロピレン、エポキシ、ポリエチレン、ポリエステルなどのポリマーマトリックスと一緒になって、天然繊維複合材を形成します。天然繊維複合材は、ガラス繊維複合材の代替品として、多くの最終用途産業で使用が拡大しています。 "熱可塑性コンポジットは、コンポジットの中で最も急成長している樹脂タイプです(金額ベース)。" 熱可塑性複合材は、最も成長している樹脂タイプです。熱可塑性コンポジットは、再成形や改質が容易であるため、再利用することができます。そのため、企業は熱可塑性コンポジットの大量生産のための研究開発に投資し、コストを削減しています。しかし、米国、スペイン、イタリア、インドなどで継続的に実施されているロックダウンにより、自動車、航空機部品、風力発電用ブレードなどの生産が停止しており、複合材メーカーに悪影響を与えているため、様々な最終用途産業における複合材の需要が減少する可能性があります。 "レジン・トランスファー・モールディング(RTM)製造プロセスは、複合材の製造プロセスの中で、金額的に最も急速に成長している。" RTMは、表面圧縮のために柔軟な固体カウンターツールを使用する、真空支援型の樹脂転写プロセスです。このプロセスは、積層体の圧縮率を高め、高いガラス対樹脂比、優れた強度対重量特性をもたらします。主に大面積、複雑な形状、滑らかな仕上げの部品の成形に使用される。RTMプロセスは、新興国の自動車産業や建設産業での応用が増加しているため、今後5年間の成長見通しは非常に良好です。高い機械的性能、厳しい寸法公差、高い表面仕上げを備えた大型の複雑な三次元部品を得ることができるため、現在最も有望な技術と言えます。 "風力エネルギーは、複合材の最終用途産業として、金額的に最も成長している。" 予測期間中、風力エネルギーが最も高いCAGRで成長すると予想されています。風力タービンに複合材を使用すると、高い引張強度が得られるため、メーカーはブレードの大型化やエネルギー出力の向上を実現することができます。複合材はその耐腐食性の特性により、風力タービンが過酷な環境下でも機能するようになり、風力産業の成長に貢献しています。COVID-19の影響で、様々な風力発電ブレードの製造施設で部分的な生産が行われ、それによって2020年の風力発電分野における複合材の需要に影響を与えました。 "APACは最も急成長している複合材市場" 予測期間中、世界のコンポジット市場において、APACは金額ベースで最も高いCAGRを記録すると予測されています。2020年には、APACがコンポジット産業を支配しています。複合材製造企業は、低コストの労働力と原材料のおかげで、ヨーロッパや北米の市場と比較して、APAC市場で十分な機会を得ています。 COVID-19の影響で、複合材メーカーや多くの企業が様々な国で生産拠点を停止しているため、APAC諸国では複合材の需要が減少しています。最終用途産業の回復とサプライチェーンの復旧は、予測期間中、複合材の需要を促進するでしょう。 本調査は、世界中の様々な業界専門家への一次インタビューを通じて検証されています。これらの一次資料は、以下の3つのカテゴリーに分けられています。 - 企業タイプ別- Tier1 40%、Tier2 33%、Tier3 27 - 階層別- Cレベル- 50%、ディレクターレベル- 20%、その他- 30 - 地域別-北米-15%、欧州-50%、アジア太平洋(APAC)-20%、ラテンアメリカ-5%、中東・アフリカ(MEA)-10%。 本レポートでは、以下の企業プロフィールを包括的に分析しています。 - オーエンス・コーニング(米国) - 東レ(株)(日本) - 帝人株式会社 (日本) - 株式会社三菱ケミカルホールディングス (日本) - Hexcel Corporation (米国) - SGLグループ(ドイツ) - 日本電気硝子株式会社(日本Ltd. (日本)(日本) - ハンツマン・インターナショナルLLC.(アメリカ) - ソルベイ(ベルギー) リサーチカバレッジ 当レポートでは、世界の複合材料市場について調査し、2026年までの市場規模を予測しています。本レポートでは、市場区分-繊維タイプ(ガラス繊維複合材料、炭素繊維複合材料、天然繊維複合材料、その他)、樹脂タイプ(熱硬化性複合材料、熱可塑性複合材料)、製造プロセス(レイアップ、フィラメントワインディング、射出成形。製造プロセス(レイアップ、フィラメントワインディング、射出成形、引抜成形、圧縮成形、RTM、その他)、最終用途産業(航空宇宙・防衛、風力エネルギー、自動車・輸送、建設・インフラ、海洋、パイプ・タンク、電気・電子、その他)、地域(欧州、北米、APAC、ラテンアメリカ、MEA)を対象とする。レポートでは、ポーターのファイブフォース分析に加え、ドライバー、拘束力、機会、課題についても解説しています。また、世界の複合材市場における主要企業の会社概要や採用している競争戦略についても紹介しています。 このレポートを購入する主なメリット 本レポートは、この市場のマーケットリーダー/新規参入者にとって、以下のような点で役立ちます。 1.本レポートは、世界のコンポジット市場を包括的にセグメント化し、異なる垂直および地域における市場全体およびサブセグメントの収益について、最も近い近似値を提供します。 2.このレポートは、ステークホルダーが複合材市場の動向を理解するのに役立ち、主要な市場推進要因、阻害要因、課題、および機会に関する情報を提供します。 3.このレポートは、ステークホルダーが競合他社をよりよく理解し、ビジネスにおける地位を向上させるためのより多くの洞察を得るのに役立ちます。競合環境のセクションでは、競合他社のエコシステム、新製品開発、合意、買収などを紹介しています。 このレポートを購入する理由 本レポートは、複合材市場全体およびサブセグメントの収益の最も近い近似値を提供することで、この市場のマーケットリーダー/新規参入者を支援します。このレポートは、ステークホルダーが競争状況を理解し、より多くの洞察を得て、ビジネスや市場戦略をより良い方法で位置づけるのに役立ちます。また、本レポートは、ステークホルダーが市場の脈動を理解し、主要な市場のドライバー、拘束力、課題、機会に関する情報を提供するのに役立ちます。 目次
1 INTRODUCTION 36
1.1 OBJECTIVES OF STUDY 36 1.2 MARKET DEFINITION 36 1.3 INCLUSIONS & EXCLUSIONS 36 1.4 MARKET SCOPE 37 FIGURE 1 COMPOSITES MARKET SEGMENTATION 37 1.4.1 REGIONS COVERED 37 1.4.2 YEARS CONSIDERED IN STUDY 38 1.5 CURRENCY 38 1.6 UNIT CONSIDERED 38 1.7 LIMITATIONS 38 1.8 STAKEHOLDERS 39 1.9 SUMMARY OF CHANGES 39 2 RESEARCH METHODOLOGY 40 2.1 BASE NUMBER CALCULATION 40 2.1.1 APPROACH 1: SUPPLY-SIDE ANALYSIS 40 2.1.2 APPROACH 2: DEMAND-SIDE APPROACH 40 2.2 FORECAST NUMBER CALCULATION 40 2.2.1 SUPPLY-SIDE 40 2.2.2 DEMAND-SIDE 41 2.3 RESEARCH DATA 41 2.3.1 SECONDARY DATA 41 2.3.2 PRIMARY DATA 41 2.3.2.1 Primary interviews–top composites manufacturers 42 2.3.2.2 Breakdown of primary interviews 42 2.3.2.3 Key industry insights 43 2.4 MARKET SIZE ESTIMATION 43 2.4.1 BOTTOM-UP APPROACH 43 FIGURE 2 COMPOSITES MARKET: BOTTOM-UP APPROACH 44 2.4.2 TOP-DOWN APPROACH 44 FIGURE 3 COMPOSITES MARKET: TOP-DOWN APPROACH 44 2.5 DATA TRIANGULATION 44 FIGURE 4 COMPOSITES MARKET: DATA TRIANGULATION 45 2.6 FACTOR ANALYSIS 46 2.7 ASSUMPTIONS 46 2.8 LIMITATIONS & RISKS 47 3 EXECUTIVE SUMMARY 48 FIGURE 5 GLASS FIBER DOMINATED GLOBAL COMPOSITES MARKET IN 2020 49 FIGURE 6 THERMOSET COMPOSITES ACCOUNTED FOR LARGEST MARKET SHARE IN 2020 49 FIGURE 7 LAY-UP MANUFACTURING PROCESS ACCOUNTED FOR LARGEST SHARE OF COMPOSITES MARKET IN 2020 50 FIGURE 8 WIND ENERGY ACCOUNTED FOR LARGEST MARKET SHARE IN 2020 50 FIGURE 9 APAC LED COMPOSITES MARKET IN 2020 51 4 PREMIUM INSIGHTS 52 4.1 COMPOSITES MARKET SIZE, BY VOLUME 52 FIGURE 10 SIGNIFICANT GROWTH EXPECTED IN GLOBAL COMPOSITES MARKET BETWEEN 2021 AND 2026 52 4.2 COMPOSITES MARKET, BY MANUFACTURING PROCESS AND REGION, 2020 52 FIGURE 11 APAC WAS LARGEST MARKET AND LAY-UP WAS LARGEST MANUFACTURING PROCESS IN 2020 52 4.3 COMPOSITES MARKET, BY FIBER TYPE, 2020 53 FIGURE 12 GLASS FIBER COMPOSITES SEGMENT DOMINATED MARKET IN 2020 53 4.4 COMPOSITES MARKET, BY RESIN TYPE, 2020 53 FIGURE 13 THERMOSET COMPOSITES SEGMENT HELD LARGEST SHARE IN MARKET IN 2020 53 4.5 COMPOSITES MARKET, BY END-USE INDUSTRY, 2020 53 FIGURE 14 AUTOMOTIVE & TRANSPORTATION INDUSTRY DOMINATED MARKET 53 4.6 COMPOSITES MARKET GROWTH, BY KEY COUNTRIES 54 FIGURE 15 CHINA TO BE FASTEST-GROWING COMPOSITES MARKET, (2021–2026) 54 5 MARKET OVERVIEW 55 5.1 INTRODUCTION 55 5.2 MARKET DYNAMICS 55 FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN COMPOSITES MARKET 55 5.2.1 DRIVERS 56 5.2.1.1 Increasing demand from various applications in end-use industries 56 TABLE 1 EU: CO2 EMISSION STANDARDS FOR NEW PASSENGER CARS 56 5.2.1.2 Government stimulus packages to drive composites market post-COVID-19 58 5.2.1.3 Recovering aerospace market 58 5.2.1.4 Tax incentives to drive composites demand in wind energy 59 5.2.2 RESTRAINTS 59 5.2.2.1 High processing and manufacturing cost 59 5.2.2.2 Lack of standardization in manufacturing technologies 60 5.2.2.3 Lower demand, low-capacity utilization, and liquidity crunch due to COVID-19 60 5.2.3 OPPORTUNITIES 60 5.2.3.1 Increasing demand in emerging economies 60 TABLE 2 CONTRIBUTION TO GROWTH IN GLOBAL CONSTRUCTION OUTPUT, BY COUNTRY (2019–2030) 61 5.2.3.2 High demand for environment-friendly electric vehicles 61 5.2.3.3 Growing adoption of natural composites 62 5.2.3.4 Growing penetration of natural fiber composites and carbon fiber composites in emerging applications 62 5.2.3.5 Reduction of carbon fibers cost 62 5.2.3.6 Increasing awareness of OEMs regarding strict government regulations 63 5.2.4 CHALLENGES 63 5.2.4.1 Developing low-cost technologies 63 5.2.4.2 Issues related to recycling 63 5.3 INDUSTRY TRENDS 63 FIGURE 17 COMPOSITES MARKET: PORTER'S FIVE FORCES ANALYSIS 64 5.3.1 THREAT OF NEW ENTRANTS 64 5.3.2 THREAT OF SUBSTITUTES 64 5.3.3 BARGAINING POWER OF BUYERS 65 5.3.4 BARGAINING POWER OF SUPPLIERS 65 5.3.5 INTENSITY OF COMPETITIVE RIVALRY 65 TABLE 3 COMPOSITES MARKET: PORTER'S FIVE FORCES ANALYSIS 65 5.4 TECHNOLOGY ANALYSIS 66 TABLE 4 COMPARATIVE STUDY OF MAJOR COMPOSITE MANUFACTURING PROCESSES 66 5.5 ECOSYSTEM: COMPOSITES MARKET 67 5.6 VALUE CHAIN ANALYSIS 68 5.6.1 RAW MATERIALS 68 5.6.2 INTERMEDIATES 68 5.6.3 MOLDER 69 5.6.4 OEM/ ASSEMBLY 69 5.7 SUPPLY CHAIN ANALYSIS 69 5.8 IMPACT OF COVID-19 70 5.8.1 IMPACT OF COVID-19 ON AEROSPACE INDUSTRY 70 TABLE 5 NUMBER OF AIRPLANE DELIVERIES, BY MANUFACTURER, 2020 70 5.8.1.1 Short-term strategies to manage cost structure and supply chains 71 5.8.1.2 New opportunities 71 5.8.2 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY 71 5.8.3 SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS 72 5.8.4 IMPACT ON ELECTRIC VEHICLE (EV) DEMAND DUE TO LOWER OIL PRICES 72 5.8.5 NEW OPPORTUNITIES 72 5.9 IMPACT OF COVID-19 ON WIND ENERGY INDUSTRY 72 5.9.1 SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS 73 5.9.2 NEW OPPORTUNITIES 73 5.10 COMPOSITES MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS 73 TABLE 6 COMPOSITES MARKET: CAGR (BY VALUE) IN REALISTIC, PESSIMISTIC, AND OPTIMISTIC SCENARIOS 73 5.10.1 OPTIMISTIC SCENARIO 73 5.10.2 PESSIMISTIC SCENARIO 73 5.10.3 REALISTIC SCENARIO 73 5.11 PRICING ANALYSIS 74 5.12 AVERAGE SELLING PRICE 74 FIGURE 19 COMPOSITES AVERAGE SELLING PRICE, BY REGION 74 5.13 KEY MARKETS FOR IMPORT/EXPORT 74 5.13.1 CHINA 74 5.13.2 US 75 5.13.3 GERMANY 75 5.13.4 FRANCE 75 5.13.5 INDIA 75 5.14 PATENT ANALYSIS 75 5.14.1 INTRODUCTION 75 5.14.2 METHODOLOGY 76 5.14.3 DOCUMENT TYPE 76 TABLE 7 COMPOSITES MARKET: GLOBAL PATENTS 76 FIGURE 20 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE 76 FIGURE 21 GLOBAL PATENT PUBLICATION TREND ANALYSIS: LAST 10 YEARS 77 5.14.4 INSIGHTS 77 5.14.5 LEGAL STATUS OF PATENTS 77 FIGURE 22 COMPOSITES MARKET: LEGAL STATUS OF PATENTS 77 5.14.6 JURISDICTION ANALYSIS 78 FIGURE 23 GLOBAL JURISDICTION ANALYSIS 78 5.14.7 TOP APPLICANTS' ANALYSIS 78 FIGURE 24 BOEING HAS HIGHEST NUMBER OF PATENTS 78 5.14.8 LIST OF PATENTS, BY BOEING 79 5.14.9 LIST OF PATENTS, BY NISSIN KOGYO 80 5.14.10 LIST OF PATENTS BY ARKEMA FRANCE 80 5.14.11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS 81 5.15 CASE STUDY ANALYSIS 82 5.16 TARIFF AND REGULATIONS 82 TABLE 8 CURRENT STANDARD CODES FOR AUTOMOTIVE COMPOSITES 82 TABLE 9 CURRENT STANDARD CODES FOR CONSTRUCTION COMPOSITES 83 5.17 IMPACT ON CUSTOMERS' BUSINESS 84 6 COMPOSITES MARKET, BY FIBER TYPE 85 6.1 INTRODUCTION 86 FIGURE 25 GLASS FIBER COMPOSITES TO DOMINATE COMPOSITES MARKET 86 TABLE 10 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2017–2020 (USD MILLION) 86 TABLE 11 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2017–2020 (KILOTON) 87 TABLE 12 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2021–2026 (USD MILLION) 87 TABLE 13 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2021–2026 (KILOTON) 87 6.2 GLASS FIBER COMPOSITES 88 FIGURE 26 APAC TO BE LARGEST GLASS FIBER COMPOSITES MARKET DURING FORECASTED PERIOD 88 6.2.1 GLASS FIBER COMPOSITES, BY REGION 88 TABLE 14 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 88 TABLE 15 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 89 TABLE 16 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 89 TABLE 17 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 89 6.3 CARBON FIBER COMPOSITES 90 FIGURE 27 EUROPE IS EXPECTED TO BE LARGEST CARBON FIBER COMPOSITES MARKET BY 2026 90 6.3.1 CARBON FIBER COMPOSITES, BY REGION 91 TABLE 18 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 91 TABLE 19 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 91 TABLE 20 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 91 TABLE 21 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 92 6.4 NATURAL FIBER COMPOSITES 92 TABLE 22 NATURAL FIBER COMPOSITES IN AUTOMOTIVE INDUSTRY BY DIFFERENT MANUFACTURERS 93 FIGURE 28 EUROPE TO BE LARGEST NATURAL FIBER COMPOSITES MARKET DURING FORECASTED YEARS 93 6.4.1 NATURAL FIBER COMPOSITES, BY REGION 94 TABLE 23 NATURAL FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 94 TABLE 24 NATURAL FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 94 TABLE 25 NATURAL FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 94 TABLE 26 NATURAL FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 95 6.5 OTHERS 95 6.5.1 BASALT FIBER COMPOSITES 96 6.5.2 ARAMID FIBER COMPOSITES 96 6.5.3 BORON FIBER COMPOSITES 96 6.5.4 HYBRID FIBER COMPOSITES 96 6.5.5 ULTRA-HIGH-MOLECULAR-WEIGHT POLYETHYLENE (UHMWPE) FIBER COMPOSITES 96 FIGURE 29 APAC TO BE LARGEST OTHER FIBER COMPOSITES MARKET 97 6.5.6 OTHER FIBER COMPOSITES, BY REGION 97 TABLE 27 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 97 TABLE 28 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 97 TABLE 29 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 98 TABLE 30 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 98 7 COMPOSITES MARKET, BY RESIN TYPE 99 7.1 INTRODUCTION 100 FIGURE 30 THERMOSET COMPOSITES TO DOMINATE COMPOSITES MARKET 100 TABLE 31 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2017–2020 (USD MILLION) 100 TABLE 32 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2017–2020 (KILOTON) 101 TABLE 33 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2021–2026 (USD MILLION) 101 TABLE 34 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2021–2026 (KILOTON) 101 7.2 THERMOSET COMPOSITES 102 7.2.1 EPOXY RESIN 102 7.2.2 POLYESTER RESIN 102 7.2.3 VINYL ESTER RESIN 102 7.2.4 POLYURETHANE RESIN 103 7.2.5 OTHERS 103 FIGURE 31 APAC TO BE LARGEST THERMOSET COMPOSITES MARKET 103 7.2.6 THERMOSET COMPOSITES MARKET, BY REGION 103 TABLE 35 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 103 TABLE 36 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 104 TABLE 37 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 104 TABLE 38 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 104 7.3 THERMOPLASTIC COMPOSITES 105 7.3.1 POLYCARBONATES (PC) 105 7.3.2 POLYPROPYLENE (PP) 105 7.3.3 POLYPHENYLENE SULFIDE (PPS) 106 7.3.4 POLYETHERIMIDE (PEI) 106 7.3.5 POLYETHERETHERKETONE (PEEK) 106 7.3.6 POLYAMIDE (PA) 106 7.3.7 OTHERS 106 FIGURE 32 APAC TO BE LARGEST THERMOPLASTIC COMPOSITES MARKET 107 7.3.8 THERMOPLASTIC COMPOSITES MARKET, BY REGION 107 TABLE 39 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 107 TABLE 40 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 107 TABLE 41 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 108 TABLE 42 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 108 8 COMPOSITES MARKET, BY MANUFACTURING PROCESS 109 8.1 INTRODUCTION 110 FIGURE 33 LAY-UP MANUFACTURING PROCESS TO DOMINATE COMPOSITES MARKET DURING FORECAST PERIOD 110 TABLE 43 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 110 TABLE 44 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 111 TABLE 45 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 111 TABLE 46 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 111 8.2 LAY-UP PROCESS 112 FIGURE 34 APAC TO HAVE LARGEST DEMAND FOR LAY-UP PROCESS 112 8.2.1 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION 113 TABLE 47 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 113 TABLE 48 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 113 TABLE 49 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 113 TABLE 50 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 114 8.3 FILAMENT WINDING PROCESS 114 FIGURE 35 APAC TO HAVE LARGEST DEMAND FOR FILAMENT WINDING PROCESS DURING FORECAST PERIOD 115 8.3.1 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION 115 TABLE 51 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 115 TABLE 52 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 115 TABLE 53 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 116 TABLE 54 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 116 8.4 INJECTION MOLDING PROCESS 117 FIGURE 36 APAC TO BE LARGEST MARKET FOR INJECTION MOLDING PROCESS IN COMPOSITES MARKET 117 8.4.1 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION 117 TABLE 55 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 117 TABLE 56 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 118 TABLE 57 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 118 TABLE 58 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 118 8.5 PULTRUSION PROCESS 119 FIGURE 37 APAC TO BE LARGEST MARKET FOR PULTRUSION PROCESS IN COMPOSITES MARKET 119 8.5.1 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION 120 TABLE 59 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 120 TABLE 60 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 120 TABLE 61 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 120 TABLE 62 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 121 8.6 COMPRESSION MOLDING PROCESS 121 8.6.1 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION 122 TABLE 63 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 122 TABLE 64 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 122 TABLE 65 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 122 TABLE 66 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 123 8.7 RESIN TRANSFER MOLDING (RTM) PROCESS 123 8.7.1 RTM PROCESS: COMPOSITES MARKET, BY REGION 123 TABLE 67 RTM PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 123 TABLE 68 RTM PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 124 TABLE 69 RTM PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 124 TABLE 70 RTM PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 124 8.8 OTHERS 125 8.8.1 OTHER PROCESS: COMPOSITES MARKET, BY REGION 125 TABLE 71 OTHER PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 125 TABLE 72 OTHER PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 125 TABLE 73 OTHER PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 126 TABLE 74 OTHER PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 126 9 COMPOSITES MARKET, BY END-USE INDUSTRY 127 9.1 INTRODUCTION 128 FIGURE 38 AEROSPACE & DEFENSE INDUSTRY TO DOMINATE COMPOSITES MARKET DURING FORECAST PERIOD 128 TABLE 75 COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 128 TABLE 76 COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 129 TABLE 77 COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 129 TABLE 78 COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 130 9.2 AEROSPACE & DEFENSE 131 9.2.1 CIVIL 131 9.2.2 DEFENSE 131 TABLE 79 NUMBER OF NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION (2019–2038) 131 FIGURE 39 EUROPE TO HAVE LARGEST DEMAND FOR COMPOSITES FROM AEROSPACE & DEFENSE END-USE INDUSTRY 132 9.2.3 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION 132 TABLE 80 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 132 TABLE 81 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 133 TABLE 82 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 133 TABLE 83 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 133 9.3 WIND ENERGY 134 FIGURE 40 APAC TO HAVE LARGEST DEMAND FROM WIND ENERGY INDUSTRY 135 9.3.1 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION 135 TABLE 84 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 135 TABLE 85 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 135 TABLE 86 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 136 TABLE 87 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 136 9.4 AUTOMOTIVE & TRANSPORTATION 137 TABLE 88 COST BENEFITS OF COMPOSITE PARTS VS STEEL PARTS 137 9.4.1 AUTOMOTIVE 138 9.4.2 RECREATIONAL VEHICLES 138 9.4.3 BUS, TRUCKS, AND OTHER HEAVY VEHICLES 138 9.4.4 METROS AND MONORAILS 138 9.4.5 PASSENGER RAILS 138 9.4.6 HIGH SPEED AND BULLET TRAINS 138 FIGURE 41 EUROPE TO LEAD COMPOSITES MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY 139 9.4.7 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION 139 TABLE 89 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 139 TABLE 90 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 140 TABLE 91 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 140 TABLE 92 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 140 9.5 CONSTRUCTION & INFRASTRUCTURE 141 FIGURE 42 APAC TO BE LARGEST MARKET COMPOSITES IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY 141 9.5.1 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION 142 TABLE 93 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 142 TABLE 94 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 142 TABLE 95 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 142 TABLE 96 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 143 9.6 PIPES & TANKS 143 9.6.1 COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION 144 TABLE 97 COMP COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 144 TABLE 98 COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 144 TABLE 99 COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 144 TABLE 100 COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 145 9.7 MARINE 145 9.7.1 POWERBOAT 145 9.7.2 SAILBOAT 146 9.7.3 CRUISE SHIP 146 9.7.4 OTHERS 146 9.7.5 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION 146 TABLE 101 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 146 TABLE 102 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 147 TABLE 103 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 147 TABLE 104 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 147 9.8 ELECTRICAL & ELECTRONICS 148 9.8.1 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION 148 TABLE 105 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 148 TABLE 106 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 149 TABLE 107 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 149 TABLE 108 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 149 9.9 OTHERS 150 9.9.1 INDUSTRIAL 150 9.9.2 HEALTHCARE 150 9.9.3 SPORTING GOODS 150 9.9.4 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION 151 TABLE 109 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (USD MILLION) 151 TABLE 110 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (KILOTON) 151 TABLE 111 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2026 (USD MILLION) 152 TABLE 112 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 152 10 COMPOSITES MARKET, BY REGION 153 10.1 INTRODUCTION 154 FIGURE 43 CHINA TO BE FASTEST-GROWING COMPOSITES MARKET DURING FORECAST PERIOD 154 TABLE 113 COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 154 TABLE 114 COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 155 TABLE 115 COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 155 TABLE 116 COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 155 10.2 NORTH AMERICA 156 FIGURE 44 NORTH AMERICA: COMPOSITES MARKET SNAPSHOT 156 10.2.1 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE 157 TABLE 117 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 157 TABLE 118 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (KILOTON) 157 TABLE 119 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 157 TABLE 120 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (KILOTON) 158 10.2.2 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 158 TABLE 121 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 158 TABLE 122 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 159 TABLE 123 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 159 TABLE 124 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 159 10.2.3 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE 160 TABLE 125 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION) 160 TABLE 126 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (KILOTON) 160 TABLE 127 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (USD MILLION) 160 TABLE 128 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (KILOTON) 160 10.2.4 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY 161 TABLE 129 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 161 TABLE 130 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 161 TABLE 131 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 162 TABLE 132 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 162 10.2.5 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY 163 TABLE 133 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 163 TABLE 134 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (KILOTON) 163 TABLE 135 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 163 TABLE 136 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (KILOTON) 163 10.2.5.1 US 164 TABLE 137 US: NEW WIND ENERGY INSTALLATIONS, 2010–2019 (MW) 164 10.2.5.2 Canada 164 10.3 EUROPE 165 FIGURE 45 EUROPE: COMPOSITES MARKET SNAPSHOT 165 10.3.1 EUROPE: COMPOSITES MARKET, BY FIBER TYPE 166 TABLE 138 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 166 TABLE 139 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (KILOTON) 166 TABLE 140 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 166 TABLE 141 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (KILOTON) 166 10.3.2 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS 167 TABLE 142 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 167 TABLE 143 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 167 TABLE 144 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 168 TABLE 145 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 168 10.3.3 EUROPE: COMPOSITES MARKET, BY RESIN TYPE 169 TABLE 146 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION) 169 TABLE 147 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (KILOTON) 169 TABLE 148 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (USD MILLION) 169 TABLE 149 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (KILOTON) 169 10.3.4 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY 170 TABLE 150 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 170 TABLE 151 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 170 TABLE 152 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 171 TABLE 153 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 171 10.3.5 EUROPE: COMPOSITES MARKET, BY COUNTRY 172 TABLE 154 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 172 TABLE 155 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (KILOTON) 172 TABLE 156 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 172 TABLE 157 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (KILOTON) 173 10.3.5.1 Germany 173 TABLE 158 GERMANY: NEW WIND ENERGY INSTALLATIONS, 2010–2020 (MW) 174 10.3.5.2 France 174 10.3.5.3 UK 174 10.3.5.4 Italy 175 10.3.5.5 Spain 175 10.3.5.6 Russia 175 TABLE 159 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 175 TABLE 160 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 176 TABLE 161 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 176 TABLE 162 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 176 10.3.5.7 Rest of Europe 177 10.4 APAC 177 FIGURE 46 APAC: COMPOSITES MARKET SNAPSHOT 178 10.4.1 APAC: COMPOSITES MARKET, BY FIBER TYPE 178 TABLE 163 APAC: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 178 TABLE 164 APAC: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (KILOTON) 179 TABLE 165 APAC: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 179 TABLE 166 APAC: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (KILOTON) 179 10.4.2 APAC: COMPOSITES MARKET, BY MANUFACTURING PROCESS 180 TABLE 167 APAC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 180 TABLE 168 APAC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 180 TABLE 169 APAC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 180 TABLE 170 APAC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 181 10.4.3 APAC: COMPOSITES MARKET, BY RESIN TYPE 181 TABLE 171 APAC: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION) 181 TABLE 172 APAC: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (KILOTON) 181 TABLE 173 APAC: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (USD MILLION) 182 TABLE 174 APAC: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (KILOTON) 182 10.4.4 APAC: COMPOSITES MARKET, BY END-USE INDUSTRY 182 TABLE 175 APAC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 182 TABLE 176 APAC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 183 TABLE 177 APAC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 183 TABLE 178 APAC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 183 10.4.5 APAC: COMPOSITES MARKET, BY COUNTRY 184 TABLE 179 APAC: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 184 TABLE 180 APAC: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (KILOTON) 184 TABLE 181 APAC: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 184 TABLE 182 APAC: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (KILOTON) 185 10.4.5.1 China 185 TABLE 183 CHINA: NEW WIND ENERGY INSTALLATIONS, 2010–2019 (MW) 186 10.4.5.2 Japan 186 10.4.5.3 India 187 10.4.5.4 South Korea 187 10.4.5.5 Rest of APAC 187 10.5 MIDDLE EAST & AFRICA 188 10.5.1 MEA: COMPOSITES MARKET, BY FIBER TYPE 188 TABLE 184 MEA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 188 TABLE 185 MEA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (KILOTON) 188 TABLE 186 MEA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 188 TABLE 187 MEA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (KILOTON) 189 10.5.2 MEA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 189 TABLE 188 MEA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 189 TABLE 189 MEA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 190 TABLE 190 MEA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 190 TABLE 191 MEA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 190 10.5.3 MEA: COMPOSITES MARKET, BY END-USE INDUSTRY 191 TABLE 192 MEA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 191 TABLE 193 MEA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 191 TABLE 194 MEA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 192 TABLE 195 MEA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 192 10.5.4 MEA: COMPOSITES MARKET, BY COUNTRY 193 TABLE 196 MEA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 193 TABLE 197 MEA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (KILOTON) 193 TABLE 198 MEA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 193 TABLE 199 MEA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (KILOTON) 193 10.5.4.1 UAE 194 10.5.4.2 Saudi Arabia 194 10.5.4.3 UK 194 10.5.4.4 Rest of MEA 194 10.6 LATIN AMERICA 195 10.6.1 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE 195 TABLE 200 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 195 TABLE 201 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (KILOTON) 195 TABLE 202 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 195 TABLE 203 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (KILOTON) 196 10.6.2 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 196 TABLE 204 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 196 TABLE 205 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 197 TABLE 206 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 197 TABLE 207 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 197 10.6.3 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY 198 TABLE 208 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 198 TABLE 209 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 198 TABLE 210 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 199 TABLE 211 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 199 10.6.4 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY 200 TABLE 212 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 200 TABLE 213 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (KILOTON) 200 TABLE 214 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 200 TABLE 215 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (KILOTON) 200 10.6.4.1 Brazil 201 10.6.4.2 Mexico 201 10.6.4.3 Rest of Latin America 201 11 COMPETITIVE LANDSCAPE 202 11.1 INTRODUCTION 202 11.2 MARKET SHARE ANALYSIS 202 FIGURE 47 MARKET SHARE OF TOP COMPANIES IN COMPOSITES MARKET 202 TABLE 216 DEGREE OF COMPETITION: COMPOSITES MARKET 203 11.3 MARKET RANKING 203 FIGURE 48 RANKING OF TOP FIVE PLAYERS IN THE COMPOSITES MARKET 203 11.4 MARKET EVALUATION FRAMEWORK 204 TABLE 217 COMPOSITES MARKET: DEALS, 2016–2021 204 TABLE 218 COMPOSITES MARKET: OTHERS, 2016–2021 218 TABLE 219 COMPOSITES MARKET: NEW PRODUCT DEVELOPMENT, 2016–2021 221 11.5 REVENUE ANALYSIS OF TOP MARKET PLAYERS 225 11.6 COMPANY EVALUATION MATRIX 225 TABLE 220 COMPANY PRODUCT FOOTPRINT 225 FIGURE 49 COMPANY END-USE INDUSTRY FOOTPRINT 225 TABLE 221 COMPANY REGION FOOTPRINT 226 11.6.1 STAR 227 11.6.2 PERVASIVE 227 11.6.3 PARTICIPANTS 227 11.6.4 EMERGING LEADERS 227 FIGURE 50 COMPOSITES MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2020 228 11.6.5 STRENGTH OF PRODUCT PORTFOLIO 229 FIGURE 51 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN COMPOSITES MARKET 229 11.6.6 BUSINESS STRATEGY EXCELLENCE 230 FIGURE 52 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN THE COMPOSITES MARKET 230 11.7 START-UP/ SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 231 11.7.1 PROGRESSIVE COMPANIES 231 11.7.2 RESPONSIVE COMPANIES 231 11.7.3 DYNAMIC COMPANIES 231 11.7.4 STARTING BLOCKS 231 FIGURE 53 COMPOSITES MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2020 232
SummaryThe global composites market size is projected to grow from USD 88.0 billion in 2021 to USD 126.3 billion by 2021, at a CAGR of 7.5% between 2021 and 2026. The composites offer exceptional properties, such as stiffness, strength, tenacity, density, and thermal & electrical conductivity, fatigue, and corrosion resistance. Owing to these outstanding properties offered by the composites, conventional materials such as aluminum steel are preferred less in high performance applications. However, global pandemic disease COVID-19 has forced the automotive, wind blade and aircraft manufacturers to shut down their operations which resulted into decreased demand for composites in 2020. Table of Contents
1 INTRODUCTION 36
1.1 OBJECTIVES OF STUDY 36 1.2 MARKET DEFINITION 36 1.3 INCLUSIONS & EXCLUSIONS 36 1.4 MARKET SCOPE 37 FIGURE 1 COMPOSITES MARKET SEGMENTATION 37 1.4.1 REGIONS COVERED 37 1.4.2 YEARS CONSIDERED IN STUDY 38 1.5 CURRENCY 38 1.6 UNIT CONSIDERED 38 1.7 LIMITATIONS 38 1.8 STAKEHOLDERS 39 1.9 SUMMARY OF CHANGES 39 2 RESEARCH METHODOLOGY 40 2.1 BASE NUMBER CALCULATION 40 2.1.1 APPROACH 1: SUPPLY-SIDE ANALYSIS 40 2.1.2 APPROACH 2: DEMAND-SIDE APPROACH 40 2.2 FORECAST NUMBER CALCULATION 40 2.2.1 SUPPLY-SIDE 40 2.2.2 DEMAND-SIDE 41 2.3 RESEARCH DATA 41 2.3.1 SECONDARY DATA 41 2.3.2 PRIMARY DATA 41 2.3.2.1 Primary interviews–top composites manufacturers 42 2.3.2.2 Breakdown of primary interviews 42 2.3.2.3 Key industry insights 43 2.4 MARKET SIZE ESTIMATION 43 2.4.1 BOTTOM-UP APPROACH 43 FIGURE 2 COMPOSITES MARKET: BOTTOM-UP APPROACH 44 2.4.2 TOP-DOWN APPROACH 44 FIGURE 3 COMPOSITES MARKET: TOP-DOWN APPROACH 44 2.5 DATA TRIANGULATION 44 FIGURE 4 COMPOSITES MARKET: DATA TRIANGULATION 45 2.6 FACTOR ANALYSIS 46 2.7 ASSUMPTIONS 46 2.8 LIMITATIONS & RISKS 47 3 EXECUTIVE SUMMARY 48 FIGURE 5 GLASS FIBER DOMINATED GLOBAL COMPOSITES MARKET IN 2020 49 FIGURE 6 THERMOSET COMPOSITES ACCOUNTED FOR LARGEST MARKET SHARE IN 2020 49 FIGURE 7 LAY-UP MANUFACTURING PROCESS ACCOUNTED FOR LARGEST SHARE OF COMPOSITES MARKET IN 2020 50 FIGURE 8 WIND ENERGY ACCOUNTED FOR LARGEST MARKET SHARE IN 2020 50 FIGURE 9 APAC LED COMPOSITES MARKET IN 2020 51 4 PREMIUM INSIGHTS 52 4.1 COMPOSITES MARKET SIZE, BY VOLUME 52 FIGURE 10 SIGNIFICANT GROWTH EXPECTED IN GLOBAL COMPOSITES MARKET BETWEEN 2021 AND 2026 52 4.2 COMPOSITES MARKET, BY MANUFACTURING PROCESS AND REGION, 2020 52 FIGURE 11 APAC WAS LARGEST MARKET AND LAY-UP WAS LARGEST MANUFACTURING PROCESS IN 2020 52 4.3 COMPOSITES MARKET, BY FIBER TYPE, 2020 53 FIGURE 12 GLASS FIBER COMPOSITES SEGMENT DOMINATED MARKET IN 2020 53 4.4 COMPOSITES MARKET, BY RESIN TYPE, 2020 53 FIGURE 13 THERMOSET COMPOSITES SEGMENT HELD LARGEST SHARE IN MARKET IN 2020 53 4.5 COMPOSITES MARKET, BY END-USE INDUSTRY, 2020 53 FIGURE 14 AUTOMOTIVE & TRANSPORTATION INDUSTRY DOMINATED MARKET 53 4.6 COMPOSITES MARKET GROWTH, BY KEY COUNTRIES 54 FIGURE 15 CHINA TO BE FASTEST-GROWING COMPOSITES MARKET, (2021–2026) 54 5 MARKET OVERVIEW 55 5.1 INTRODUCTION 55 5.2 MARKET DYNAMICS 55 FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN COMPOSITES MARKET 55 5.2.1 DRIVERS 56 5.2.1.1 Increasing demand from various applications in end-use industries 56 TABLE 1 EU: CO2 EMISSION STANDARDS FOR NEW PASSENGER CARS 56 5.2.1.2 Government stimulus packages to drive composites market post-COVID-19 58 5.2.1.3 Recovering aerospace market 58 5.2.1.4 Tax incentives to drive composites demand in wind energy 59 5.2.2 RESTRAINTS 59 5.2.2.1 High processing and manufacturing cost 59 5.2.2.2 Lack of standardization in manufacturing technologies 60 5.2.2.3 Lower demand, low-capacity utilization, and liquidity crunch due to COVID-19 60 5.2.3 OPPORTUNITIES 60 5.2.3.1 Increasing demand in emerging economies 60 TABLE 2 CONTRIBUTION TO GROWTH IN GLOBAL CONSTRUCTION OUTPUT, BY COUNTRY (2019–2030) 61 5.2.3.2 High demand for environment-friendly electric vehicles 61 5.2.3.3 Growing adoption of natural composites 62 5.2.3.4 Growing penetration of natural fiber composites and carbon fiber composites in emerging applications 62 5.2.3.5 Reduction of carbon fibers cost 62 5.2.3.6 Increasing awareness of OEMs regarding strict government regulations 63 5.2.4 CHALLENGES 63 5.2.4.1 Developing low-cost technologies 63 5.2.4.2 Issues related to recycling 63 5.3 INDUSTRY TRENDS 63 FIGURE 17 COMPOSITES MARKET: PORTER'S FIVE FORCES ANALYSIS 64 5.3.1 THREAT OF NEW ENTRANTS 64 5.3.2 THREAT OF SUBSTITUTES 64 5.3.3 BARGAINING POWER OF BUYERS 65 5.3.4 BARGAINING POWER OF SUPPLIERS 65 5.3.5 INTENSITY OF COMPETITIVE RIVALRY 65 TABLE 3 COMPOSITES MARKET: PORTER'S FIVE FORCES ANALYSIS 65 5.4 TECHNOLOGY ANALYSIS 66 TABLE 4 COMPARATIVE STUDY OF MAJOR COMPOSITE MANUFACTURING PROCESSES 66 5.5 ECOSYSTEM: COMPOSITES MARKET 67 5.6 VALUE CHAIN ANALYSIS 68 5.6.1 RAW MATERIALS 68 5.6.2 INTERMEDIATES 68 5.6.3 MOLDER 69 5.6.4 OEM/ ASSEMBLY 69 5.7 SUPPLY CHAIN ANALYSIS 69 5.8 IMPACT OF COVID-19 70 5.8.1 IMPACT OF COVID-19 ON AEROSPACE INDUSTRY 70 TABLE 5 NUMBER OF AIRPLANE DELIVERIES, BY MANUFACTURER, 2020 70 5.8.1.1 Short-term strategies to manage cost structure and supply chains 71 5.8.1.2 New opportunities 71 5.8.2 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY 71 5.8.3 SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS 72 5.8.4 IMPACT ON ELECTRIC VEHICLE (EV) DEMAND DUE TO LOWER OIL PRICES 72 5.8.5 NEW OPPORTUNITIES 72 5.9 IMPACT OF COVID-19 ON WIND ENERGY INDUSTRY 72 5.9.1 SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS 73 5.9.2 NEW OPPORTUNITIES 73 5.10 COMPOSITES MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS 73 TABLE 6 COMPOSITES MARKET: CAGR (BY VALUE) IN REALISTIC, PESSIMISTIC, AND OPTIMISTIC SCENARIOS 73 5.10.1 OPTIMISTIC SCENARIO 73 5.10.2 PESSIMISTIC SCENARIO 73 5.10.3 REALISTIC SCENARIO 73 5.11 PRICING ANALYSIS 74 5.12 AVERAGE SELLING PRICE 74 FIGURE 19 COMPOSITES AVERAGE SELLING PRICE, BY REGION 74 5.13 KEY MARKETS FOR IMPORT/EXPORT 74 5.13.1 CHINA 74 5.13.2 US 75 5.13.3 GERMANY 75 5.13.4 FRANCE 75 5.13.5 INDIA 75 5.14 PATENT ANALYSIS 75 5.14.1 INTRODUCTION 75 5.14.2 METHODOLOGY 76 5.14.3 DOCUMENT TYPE 76 TABLE 7 COMPOSITES MARKET: GLOBAL PATENTS 76 FIGURE 20 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE 76 FIGURE 21 GLOBAL PATENT PUBLICATION TREND ANALYSIS: LAST 10 YEARS 77 5.14.4 INSIGHTS 77 5.14.5 LEGAL STATUS OF PATENTS 77 FIGURE 22 COMPOSITES MARKET: LEGAL STATUS OF PATENTS 77 5.14.6 JURISDICTION ANALYSIS 78 FIGURE 23 GLOBAL JURISDICTION ANALYSIS 78 5.14.7 TOP APPLICANTS' ANALYSIS 78 FIGURE 24 BOEING HAS HIGHEST NUMBER OF PATENTS 78 5.14.8 LIST OF PATENTS, BY BOEING 79 5.14.9 LIST OF PATENTS, BY NISSIN KOGYO 80 5.14.10 LIST OF PATENTS BY ARKEMA FRANCE 80 5.14.11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS 81 5.15 CASE STUDY ANALYSIS 82 5.16 TARIFF AND REGULATIONS 82 TABLE 8 CURRENT STANDARD CODES FOR AUTOMOTIVE COMPOSITES 82 TABLE 9 CURRENT STANDARD CODES FOR CONSTRUCTION COMPOSITES 83 5.17 IMPACT ON CUSTOMERS' BUSINESS 84 6 COMPOSITES MARKET, BY FIBER TYPE 85 6.1 INTRODUCTION 86 FIGURE 25 GLASS FIBER COMPOSITES TO DOMINATE COMPOSITES MARKET 86 TABLE 10 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2017–2020 (USD MILLION) 86 TABLE 11 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2017–2020 (KILOTON) 87 TABLE 12 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2021–2026 (USD MILLION) 87 TABLE 13 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2021–2026 (KILOTON) 87 6.2 GLASS FIBER COMPOSITES 88 FIGURE 26 APAC TO BE LARGEST GLASS FIBER COMPOSITES MARKET DURING FORECASTED PERIOD 88 6.2.1 GLASS FIBER COMPOSITES, BY REGION 88 TABLE 14 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 88 TABLE 15 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 89 TABLE 16 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 89 TABLE 17 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 89 6.3 CARBON FIBER COMPOSITES 90 FIGURE 27 EUROPE IS EXPECTED TO BE LARGEST CARBON FIBER COMPOSITES MARKET BY 2026 90 6.3.1 CARBON FIBER COMPOSITES, BY REGION 91 TABLE 18 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 91 TABLE 19 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 91 TABLE 20 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 91 TABLE 21 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 92 6.4 NATURAL FIBER COMPOSITES 92 TABLE 22 NATURAL FIBER COMPOSITES IN AUTOMOTIVE INDUSTRY BY DIFFERENT MANUFACTURERS 93 FIGURE 28 EUROPE TO BE LARGEST NATURAL FIBER COMPOSITES MARKET DURING FORECASTED YEARS 93 6.4.1 NATURAL FIBER COMPOSITES, BY REGION 94 TABLE 23 NATURAL FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 94 TABLE 24 NATURAL FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 94 TABLE 25 NATURAL FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 94 TABLE 26 NATURAL FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 95 6.5 OTHERS 95 6.5.1 BASALT FIBER COMPOSITES 96 6.5.2 ARAMID FIBER COMPOSITES 96 6.5.3 BORON FIBER COMPOSITES 96 6.5.4 HYBRID FIBER COMPOSITES 96 6.5.5 ULTRA-HIGH-MOLECULAR-WEIGHT POLYETHYLENE (UHMWPE) FIBER COMPOSITES 96 FIGURE 29 APAC TO BE LARGEST OTHER FIBER COMPOSITES MARKET 97 6.5.6 OTHER FIBER COMPOSITES, BY REGION 97 TABLE 27 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 97 TABLE 28 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 97 TABLE 29 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 98 TABLE 30 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 98 7 COMPOSITES MARKET, BY RESIN TYPE 99 7.1 INTRODUCTION 100 FIGURE 30 THERMOSET COMPOSITES TO DOMINATE COMPOSITES MARKET 100 TABLE 31 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2017–2020 (USD MILLION) 100 TABLE 32 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2017–2020 (KILOTON) 101 TABLE 33 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2021–2026 (USD MILLION) 101 TABLE 34 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2021–2026 (KILOTON) 101 7.2 THERMOSET COMPOSITES 102 7.2.1 EPOXY RESIN 102 7.2.2 POLYESTER RESIN 102 7.2.3 VINYL ESTER RESIN 102 7.2.4 POLYURETHANE RESIN 103 7.2.5 OTHERS 103 FIGURE 31 APAC TO BE LARGEST THERMOSET COMPOSITES MARKET 103 7.2.6 THERMOSET COMPOSITES MARKET, BY REGION 103 TABLE 35 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 103 TABLE 36 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 104 TABLE 37 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 104 TABLE 38 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 104 7.3 THERMOPLASTIC COMPOSITES 105 7.3.1 POLYCARBONATES (PC) 105 7.3.2 POLYPROPYLENE (PP) 105 7.3.3 POLYPHENYLENE SULFIDE (PPS) 106 7.3.4 POLYETHERIMIDE (PEI) 106 7.3.5 POLYETHERETHERKETONE (PEEK) 106 7.3.6 POLYAMIDE (PA) 106 7.3.7 OTHERS 106 FIGURE 32 APAC TO BE LARGEST THERMOPLASTIC COMPOSITES MARKET 107 7.3.8 THERMOPLASTIC COMPOSITES MARKET, BY REGION 107 TABLE 39 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 107 TABLE 40 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 107 TABLE 41 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 108 TABLE 42 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 108 8 COMPOSITES MARKET, BY MANUFACTURING PROCESS 109 8.1 INTRODUCTION 110 FIGURE 33 LAY-UP MANUFACTURING PROCESS TO DOMINATE COMPOSITES MARKET DURING FORECAST PERIOD 110 TABLE 43 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 110 TABLE 44 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 111 TABLE 45 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 111 TABLE 46 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 111 8.2 LAY-UP PROCESS 112 FIGURE 34 APAC TO HAVE LARGEST DEMAND FOR LAY-UP PROCESS 112 8.2.1 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION 113 TABLE 47 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 113 TABLE 48 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 113 TABLE 49 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 113 TABLE 50 LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 114 8.3 FILAMENT WINDING PROCESS 114 FIGURE 35 APAC TO HAVE LARGEST DEMAND FOR FILAMENT WINDING PROCESS DURING FORECAST PERIOD 115 8.3.1 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION 115 TABLE 51 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 115 TABLE 52 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 115 TABLE 53 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 116 TABLE 54 FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 116 8.4 INJECTION MOLDING PROCESS 117 FIGURE 36 APAC TO BE LARGEST MARKET FOR INJECTION MOLDING PROCESS IN COMPOSITES MARKET 117 8.4.1 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION 117 TABLE 55 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 117 TABLE 56 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 118 TABLE 57 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 118 TABLE 58 INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 118 8.5 PULTRUSION PROCESS 119 FIGURE 37 APAC TO BE LARGEST MARKET FOR PULTRUSION PROCESS IN COMPOSITES MARKET 119 8.5.1 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION 120 TABLE 59 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 120 TABLE 60 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 120 TABLE 61 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 120 TABLE 62 PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 121 8.6 COMPRESSION MOLDING PROCESS 121 8.6.1 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION 122 TABLE 63 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 122 TABLE 64 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 122 TABLE 65 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 122 TABLE 66 COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 123 8.7 RESIN TRANSFER MOLDING (RTM) PROCESS 123 8.7.1 RTM PROCESS: COMPOSITES MARKET, BY REGION 123 TABLE 67 RTM PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 123 TABLE 68 RTM PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 124 TABLE 69 RTM PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 124 TABLE 70 RTM PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 124 8.8 OTHERS 125 8.8.1 OTHER PROCESS: COMPOSITES MARKET, BY REGION 125 TABLE 71 OTHER PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (USD MILLION) 125 TABLE 72 OTHER PROCESS: COMPOSITES MARKET, BY REGION, 2017–2020 (KILOTON) 125 TABLE 73 OTHER PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (USD MILLION) 126 TABLE 74 OTHER PROCESS: COMPOSITES MARKET, BY REGION, 2021–2026 (KILOTON) 126 9 COMPOSITES MARKET, BY END-USE INDUSTRY 127 9.1 INTRODUCTION 128 FIGURE 38 AEROSPACE & DEFENSE INDUSTRY TO DOMINATE COMPOSITES MARKET DURING FORECAST PERIOD 128 TABLE 75 COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 128 TABLE 76 COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 129 TABLE 77 COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 129 TABLE 78 COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 130 9.2 AEROSPACE & DEFENSE 131 9.2.1 CIVIL 131 9.2.2 DEFENSE 131 TABLE 79 NUMBER OF NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION (2019–2038) 131 FIGURE 39 EUROPE TO HAVE LARGEST DEMAND FOR COMPOSITES FROM AEROSPACE & DEFENSE END-USE INDUSTRY 132 9.2.3 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION 132 TABLE 80 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 132 TABLE 81 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 133 TABLE 82 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 133 TABLE 83 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 133 9.3 WIND ENERGY 134 FIGURE 40 APAC TO HAVE LARGEST DEMAND FROM WIND ENERGY INDUSTRY 135 9.3.1 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION 135 TABLE 84 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 135 TABLE 85 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 135 TABLE 86 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 136 TABLE 87 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 136 9.4 AUTOMOTIVE & TRANSPORTATION 137 TABLE 88 COST BENEFITS OF COMPOSITE PARTS VS STEEL PARTS 137 9.4.1 AUTOMOTIVE 138 9.4.2 RECREATIONAL VEHICLES 138 9.4.3 BUS, TRUCKS, AND OTHER HEAVY VEHICLES 138 9.4.4 METROS AND MONORAILS 138 9.4.5 PASSENGER RAILS 138 9.4.6 HIGH SPEED AND BULLET TRAINS 138 FIGURE 41 EUROPE TO LEAD COMPOSITES MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY 139 9.4.7 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION 139 TABLE 89 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 139 TABLE 90 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 140 TABLE 91 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 140 TABLE 92 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 140 9.5 CONSTRUCTION & INFRASTRUCTURE 141 FIGURE 42 APAC TO BE LARGEST MARKET COMPOSITES IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY 141 9.5.1 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION 142 TABLE 93 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 142 TABLE 94 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 142 TABLE 95 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 142 TABLE 96 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 143 9.6 PIPES & TANKS 143 9.6.1 COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION 144 TABLE 97 COMP COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 144 TABLE 98 COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 144 TABLE 99 COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 144 TABLE 100 COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 145 9.7 MARINE 145 9.7.1 POWERBOAT 145 9.7.2 SAILBOAT 146 9.7.3 CRUISE SHIP 146 9.7.4 OTHERS 146 9.7.5 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION 146 TABLE 101 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 146 TABLE 102 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 147 TABLE 103 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 147 TABLE 104 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 147 9.8 ELECTRICAL & ELECTRONICS 148 9.8.1 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION 148 TABLE 105 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 148 TABLE 106 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON) 149 TABLE 107 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 149 TABLE 108 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 149 9.9 OTHERS 150 9.9.1 INDUSTRIAL 150 9.9.2 HEALTHCARE 150 9.9.3 SPORTING GOODS 150 9.9.4 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION 151 TABLE 109 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (USD MILLION) 151 TABLE 110 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (KILOTON) 151 TABLE 111 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2026 (USD MILLION) 152 TABLE 112 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON) 152 10 COMPOSITES MARKET, BY REGION 153 10.1 INTRODUCTION 154 FIGURE 43 CHINA TO BE FASTEST-GROWING COMPOSITES MARKET DURING FORECAST PERIOD 154 TABLE 113 COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 154 TABLE 114 COMPOSITES MARKET SIZE, BY REGION, 2017–2020 (KILOTON) 155 TABLE 115 COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 155 TABLE 116 COMPOSITES MARKET SIZE, BY REGION, 2021–2026 (KILOTON) 155 10.2 NORTH AMERICA 156 FIGURE 44 NORTH AMERICA: COMPOSITES MARKET SNAPSHOT 156 10.2.1 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE 157 TABLE 117 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 157 TABLE 118 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (KILOTON) 157 TABLE 119 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 157 TABLE 120 NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (KILOTON) 158 10.2.2 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 158 TABLE 121 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 158 TABLE 122 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 159 TABLE 123 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 159 TABLE 124 NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 159 10.2.3 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE 160 TABLE 125 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION) 160 TABLE 126 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (KILOTON) 160 TABLE 127 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (USD MILLION) 160 TABLE 128 NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (KILOTON) 160 10.2.4 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY 161 TABLE 129 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 161 TABLE 130 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 161 TABLE 131 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 162 TABLE 132 NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 162 10.2.5 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY 163 TABLE 133 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 163 TABLE 134 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (KILOTON) 163 TABLE 135 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 163 TABLE 136 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (KILOTON) 163 10.2.5.1 US 164 TABLE 137 US: NEW WIND ENERGY INSTALLATIONS, 2010–2019 (MW) 164 10.2.5.2 Canada 164 10.3 EUROPE 165 FIGURE 45 EUROPE: COMPOSITES MARKET SNAPSHOT 165 10.3.1 EUROPE: COMPOSITES MARKET, BY FIBER TYPE 166 TABLE 138 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 166 TABLE 139 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (KILOTON) 166 TABLE 140 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 166 TABLE 141 EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (KILOTON) 166 10.3.2 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS 167 TABLE 142 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 167 TABLE 143 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 167 TABLE 144 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 168 TABLE 145 EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 168 10.3.3 EUROPE: COMPOSITES MARKET, BY RESIN TYPE 169 TABLE 146 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION) 169 TABLE 147 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (KILOTON) 169 TABLE 148 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (USD MILLION) 169 TABLE 149 EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (KILOTON) 169 10.3.4 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY 170 TABLE 150 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 170 TABLE 151 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 170 TABLE 152 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 171 TABLE 153 EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 171 10.3.5 EUROPE: COMPOSITES MARKET, BY COUNTRY 172 TABLE 154 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 172 TABLE 155 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (KILOTON) 172 TABLE 156 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 172 TABLE 157 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (KILOTON) 173 10.3.5.1 Germany 173 TABLE 158 GERMANY: NEW WIND ENERGY INSTALLATIONS, 2010–2020 (MW) 174 10.3.5.2 France 174 10.3.5.3 UK 174 10.3.5.4 Italy 175 10.3.5.5 Spain 175 10.3.5.6 Russia 175 TABLE 159 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 175 TABLE 160 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 176 TABLE 161 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 176 TABLE 162 RUSSIA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 176 10.3.5.7 Rest of Europe 177 10.4 APAC 177 FIGURE 46 APAC: COMPOSITES MARKET SNAPSHOT 178 10.4.1 APAC: COMPOSITES MARKET, BY FIBER TYPE 178 TABLE 163 APAC: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 178 TABLE 164 APAC: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (KILOTON) 179 TABLE 165 APAC: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 179 TABLE 166 APAC: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (KILOTON) 179 10.4.2 APAC: COMPOSITES MARKET, BY MANUFACTURING PROCESS 180 TABLE 167 APAC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 180 TABLE 168 APAC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 180 TABLE 169 APAC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 180 TABLE 170 APAC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 181 10.4.3 APAC: COMPOSITES MARKET, BY RESIN TYPE 181 TABLE 171 APAC: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (USD MILLION) 181 TABLE 172 APAC: COMPOSITES MARKET, BY RESIN TYPE, 2017–2020 (KILOTON) 181 TABLE 173 APAC: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (USD MILLION) 182 TABLE 174 APAC: COMPOSITES MARKET, BY RESIN TYPE, 2021–2026 (KILOTON) 182 10.4.4 APAC: COMPOSITES MARKET, BY END-USE INDUSTRY 182 TABLE 175 APAC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 182 TABLE 176 APAC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 183 TABLE 177 APAC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 183 TABLE 178 APAC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 183 10.4.5 APAC: COMPOSITES MARKET, BY COUNTRY 184 TABLE 179 APAC: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 184 TABLE 180 APAC: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (KILOTON) 184 TABLE 181 APAC: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 184 TABLE 182 APAC: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (KILOTON) 185 10.4.5.1 China 185 TABLE 183 CHINA: NEW WIND ENERGY INSTALLATIONS, 2010–2019 (MW) 186 10.4.5.2 Japan 186 10.4.5.3 India 187 10.4.5.4 South Korea 187 10.4.5.5 Rest of APAC 187 10.5 MIDDLE EAST & AFRICA 188 10.5.1 MEA: COMPOSITES MARKET, BY FIBER TYPE 188 TABLE 184 MEA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 188 TABLE 185 MEA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (KILOTON) 188 TABLE 186 MEA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 188 TABLE 187 MEA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (KILOTON) 189 10.5.2 MEA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 189 TABLE 188 MEA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 189 TABLE 189 MEA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 190 TABLE 190 MEA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 190 TABLE 191 MEA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 190 10.5.3 MEA: COMPOSITES MARKET, BY END-USE INDUSTRY 191 TABLE 192 MEA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 191 TABLE 193 MEA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 191 TABLE 194 MEA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 192 TABLE 195 MEA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 192 10.5.4 MEA: COMPOSITES MARKET, BY COUNTRY 193 TABLE 196 MEA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 193 TABLE 197 MEA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (KILOTON) 193 TABLE 198 MEA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 193 TABLE 199 MEA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (KILOTON) 193 10.5.4.1 UAE 194 10.5.4.2 Saudi Arabia 194 10.5.4.3 UK 194 10.5.4.4 Rest of MEA 194 10.6 LATIN AMERICA 195 10.6.1 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE 195 TABLE 200 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION) 195 TABLE 201 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2017–2020 (KILOTON) 195 TABLE 202 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION) 195 TABLE 203 LATIN AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2021–2026 (KILOTON) 196 10.6.2 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS 196 TABLE 204 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (USD MILLION) 196 TABLE 205 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2017–2020 (KILOTON) 197 TABLE 206 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (USD MILLION) 197 TABLE 207 LATIN AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021–2026 (KILOTON) 197 10.6.3 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY 198 TABLE 208 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 198 TABLE 209 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2017–2020 (KILOTON) 198 TABLE 210 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (USD MILLION) 199 TABLE 211 LATIN AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2021–2026 (KILOTON) 199 10.6.4 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY 200 TABLE 212 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (USD MILLION) 200 TABLE 213 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2017–2020 (KILOTON) 200 TABLE 214 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (USD MILLION) 200 TABLE 215 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2021–2026 (KILOTON) 200 10.6.4.1 Brazil 201 10.6.4.2 Mexico 201 10.6.4.3 Rest of Latin America 201 11 COMPETITIVE LANDSCAPE 202 11.1 INTRODUCTION 202 11.2 MARKET SHARE ANALYSIS 202 FIGURE 47 MARKET SHARE OF TOP COMPANIES IN COMPOSITES MARKET 202 TABLE 216 DEGREE OF COMPETITION: COMPOSITES MARKET 203 11.3 MARKET RANKING 203 FIGURE 48 RANKING OF TOP FIVE PLAYERS IN THE COMPOSITES MARKET 203 11.4 MARKET EVALUATION FRAMEWORK 204 TABLE 217 COMPOSITES MARKET: DEALS, 2016–2021 204 TABLE 218 COMPOSITES MARKET: OTHERS, 2016–2021 218 TABLE 219 COMPOSITES MARKET: NEW PRODUCT DEVELOPMENT, 2016–2021 221 11.5 REVENUE ANALYSIS OF TOP MARKET PLAYERS 225 11.6 COMPANY EVALUATION MATRIX 225 TABLE 220 COMPANY PRODUCT FOOTPRINT 225 FIGURE 49 COMPANY END-USE INDUSTRY FOOTPRINT 225 TABLE 221 COMPANY REGION FOOTPRINT 226 11.6.1 STAR 227 11.6.2 PERVASIVE 227 11.6.3 PARTICIPANTS 227 11.6.4 EMERGING LEADERS 227 FIGURE 50 COMPOSITES MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2020 228 11.6.5 STRENGTH OF PRODUCT PORTFOLIO 229 FIGURE 51 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN COMPOSITES MARKET 229 11.6.6 BUSINESS STRATEGY EXCELLENCE 230 FIGURE 52 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN THE COMPOSITES MARKET 230 11.7 START-UP/ SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 231 11.7.1 PROGRESSIVE COMPANIES 231 11.7.2 RESPONSIVE COMPANIES 231 11.7.3 DYNAMIC COMPANIES 231 11.7.4 STARTING BLOCKS 231 FIGURE 53 COMPOSITES MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2020 232
12 COMPANY PROFILES 233
12.1 KEY COMPANIES 233
(Business Overview, Products Offered, Deal, Other developments, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
12.1.1 OWENS CORNING 233
TABLE 222 OWENS CORNING: COMPANY OVERVIEW 233
12.1.2 TORAY INDUSTRIES, INC. 239
TABLE 223 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW 239
FIGURE 55 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 240
12.1.3 MITSUBISHI CHEMICAL HOLDINGS CORPORATION 244
TABLE 224 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY OVERVIEW 244
FIGURE 56 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY SNAPSHOT 245
12.1.4 SOLVAY S.A. 250
TABLE 225 SOLVAY S.A.: COMPANY OVERVIEW 250
FIGURE 57 SOLVAY S.A.: COMPANY SNAPSHOT 251
12.1.5 TEIJIN LIMITED 257
TABLE 226 TEIJIN LIMITED: COMPANY OVERVIEW 257
FIGURE 58 TEIJIN LIMITED: COMPANY SNAPSHOT 258
12.1.6 SGL CARBON SE 264
TABLE 227 SGL CARBON SE: COMPANY OVERVIEWS 264
12.1.7 HEXCEL CORPORATION 268
TABLE 228 HEXCEL CORPORATION: COMPANY OVERVIEW 268
FIGURE 60 HEXCEL CORPORATION: COMPANY SNAPSHOT 269
12.1.8 NIPPON ELECTRIC GLASS CO., LTD. 276
TABLE 229 NIPPON ELECTRIC GLASS CO., LTD.: COMPANY OVERVIEW 276
FIGURE 61 NIPPON ELECTRIC GLASS CO., LTD.: COMPANY SNAPSHOT 277
12.1.9 HUNTSMAN INTERNATIONAL LLC 281
TABLE 230 HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW 281
FIGURE 62 HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT 282
12.1.10 HEXION 286
TABLE 231 HEXION: BUSINESS OVERVIEW 286
FIGURE 63 HEXION: COMPANY SNAPSHOT 287
12.1.11 GURIT HOLDING AG 290
TABLE 232 GURIT HOLDING AG: COMPANY OVERVIEW 290
FIGURE 64 GURIT HOLDING AG: COMPANY SNAPSHOT 291
12.1.12 WEYERHAEUSER COMPANY 294
TABLE 233 WEYERHAEUSER COMPANY: COMPANYOVERVIEW 294
FIGURE 65 WEYERHAEUSER COMPANY: COMPANY SNAPSHOT 294
12.1.13 JUSHI GROUP CO., LTD. 296
TABLE 234 JUSHI GROUP CO., LTD.: COMPANY OVERVIEW 296
12.1.14 CHONGQING POLYCOMP INTERNATIONAL CORPORATION 298
TABLE 235 CHONGQING POLYCOMP INTERNATIONAL CORPORATION: COMPANY BUSINESS OVERVIEW 298
12.1.15 TAISHAN FIBERGLASS INC.(CTG) 300
TABLE 236 TAISHAN FIBERGLASS INC. (CTG): COMPANY OVERVIEW 300
12.2 OTHER KEY PLAYERS 302
12.2.1 BASF SE 302
12.2.2 DOWAKSA 302
12.2.3 HONEYWELL INTERNATIONAL INC. 302
12.2.4 RENEGADE MATERIALS CORPORATION 302
12.2.5 KINECO KAMAN COMPOSITES – INDIA PRIVATE LIMITED 302
12.2.6 HENKEL AG & CO. KGAA 303
12.2.7 UPM BIOCOMPOSITES 303
12.2.8 TREX COMPANY, INC. 303
12.2.9 GAFFCO BALLISTICS 303
12.2.10 BINANI INDUSTRIES LTD. 303
*Details on Business Overview, Products Offered, Deal, Other developments, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.
13 APPENDIX 304
13.1 DISCUSSION GUIDE 304
13.2 AVAILABLE CUSTOMIZATIONS 307
13.3 RELATED REPORT 307
13.4 AUTHOR DETAILS 308
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