1	INTRODUCTION	40 
1.1	STUDY OBJECTIVES	40 
1.2	MARKET DEFINITION	40 
1.3	INCLUSIONS & EXCLUSIONS	40 
1.4	MARKET SCOPE	41 
FIGURE 1	COMPOSITES MARKET SEGMENTATION	41 
1.4.1	REGIONS COVERED	41 
1.4.2	YEARS CONSIDERED	42 
1.5	CURRENCY	42 
1.6	UNITS CONSIDERED	42 
1.7	LIMITATIONS	42 
1.8	STAKEHOLDERS	43 
1.9	SUMMARY OF CHANGES	43 
2	RESEARCH METHODOLOGY	44 
2.1	RESEARCH APPROACH	44 
FIGURE 2	COMPOSITES MARKET: RESEARCH DESIGN	45 
FIGURE 3	COMPOSITES MARKET: RESEARCH APPROACH	46 
2.2	BASE NUMBER CALCULATION	47 
2.2.1	APPROACH 1: SUPPLY-SIDE ANALYSIS	47 
2.2.2	APPROACH 2: DEMAND-SIDE APPROACH	47 
2.3	IMPACT OF RECESSION	48 
2.4	FORECAST NUMBER CALCULATION	48 
2.4.1	SUPPLY SIDE	48 
2.4.2	DEMAND SIDE	48 
2.5	RESEARCH DATA	48 
2.5.1	SECONDARY DATA	49 
2.5.1.1	Key data from secondary sources	49 
2.5.2	PRIMARY DATA	49 
2.5.2.1	Key data from primary sources	50 
2.5.2.2	Primary interviews–top composites manufacturers	50 
2.5.2.3	Breakdown of primary interviews	51 
2.5.2.4	Key industry insights	51 
2.6	MARKET SIZE ESTIMATION	52 
2.6.1	BOTTOM-UP APPROACH	52 
FIGURE 4	COMPOSITES MARKET: BOTTOM-UP APPROACH	52 
2.6.2	TOP-DOWN APPROACH	52 
FIGURE 5	COMPOSITES MARKET: TOP-DOWN APPROACH	53 
2.7	DATA TRIANGULATION	53 
FIGURE 6	COMPOSITES MARKET: DATA TRIANGULATION	54 
2.8	FACTOR ANALYSIS	54 
2.9	RESEARCH ASSUMPTIONS	55 
2.10	MARKET GROWTH RATE ASSUMPTIONS/GROWTH FORECAST	55 
2.11	RESEARCH LIMITATIONS	56 
2.12	RISKS ASSOCIATED WITH COMPOSITES MARKET	56 
3	EXECUTIVE SUMMARY	57 
FIGURE 7	GLASS FIBER COMPOSITES DOMINATED MARKET IN 2021	58 
FIGURE 8	THERMOSET COMPOSITES ACCOUNTED FOR LARGEST MARKET SHARE IN 2021	58 
FIGURE 9	LAY-UP MANUFACTURING PROCESS ACCOUNTED FOR LARGEST SHARE OF COMPOSITES MARKET IN 2021	59 
FIGURE 10	WIND ENERGY TO WITNESS HIGHEST MARKET GROWTH BETWEEN 2022 AND 2027	59 
FIGURE 11	ASIA PACIFIC EXPERIENCED HIGHEST GROWTH IN COMPOSITES MARKET IN 2021	60 
4	PREMIUM INSIGHTS	61 
4.1	COMPOSITES MARKET SIZE, BY VOLUME	61 
FIGURE 12	SIGNIFICANT GROWTH EXPECTED IN COMPOSITES MARKET BETWEEN 2022 AND 2027	61 
4.2	COMPOSITES MARKET, BY FIBER TYPE, 2021	62 
FIGURE 13	GLASS FIBER COMPOSITES SEGMENT DOMINATED MARKET IN 2021	62 
4.3	COMPOSITES MARKET, BY RESIN TYPE, 2021	62 
FIGURE 14	THERMOSET COMPOSITES SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2021	62 
4.4	COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2021	62 
FIGURE 15	LAY-UP WAS LARGEST MANUFACTURING PROCESS IN 2021	62 
4.5	COMPOSITES MARKET, BY END-USE INDUSTRY, 2021	63 
FIGURE 16	AEROSPACE & DEFENSE INDUSTRY DOMINATED MARKET IN TERMS OF VALUE	63 
4.6	COMPOSITES MARKET, BY REGION, 2021	63 
FIGURE 17	ASIA PACIFIC WAS LARGEST MARKET IN TERMS OF VOLUME IN 2021	63 
4.7	COMPOSITES MARKET GROWTH, BY KEY COUNTRIES	64 
FIGURE 18	CHINA TO BE FASTEST-GROWING COMPOSITES MARKET DURING 2022–2027	64 
5	MARKET OVERVIEW	65 
5.1	INTRODUCTION	65 
5.2	MARKET DYNAMICS	65 
FIGURE 19	DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN COMPOSITES MARKET	65 
5.2.1	DRIVERS	66 
5.2.1.1	Increasing demand from aerospace applications	66 
TABLE 1	ORDERS OF DIFFERENT BOEING PLANES	66 
5.2.1.2	Extensive use of composites in construction & infrastructure industry	67 
5.2.1.3	Growing demand from manufacturers of satellite parts	67 
5.2.1.4	Stringent eco-friendly regulations in automotive applications	68 
5.2.1.5	Increasing use of ATF and AFP technologies to manufacture aircraft primary structures	68 
5.2.2	RESTRAINTS	68 
5.2.2.1	High processing and manufacturing costs	68 
5.2.2.2	Lack of standardization in manufacturing technologies	69 
5.2.2.3	Limitations in use of carbon fiber composites in high-temperature aerospace applications	69 
5.2.3	OPPORTUNITIES	69 
5.2.3.1	High demand for electric vehicles	69 
5.2.3.2	Rising adoption of natural composites	69 
5.2.3.3	Growing penetration of natural fiber composites and carbon fiber composites in emerging applications	70 
5.2.3.4	Cost reduction of carbon fiber composites	70 
5.2.3.5	Increasing use of carbon fiber composites in 3D printing	70 
5.2.3.6	Increasing number of wind energy capacity installations	70 
TABLE 2	ESTIMATED GLOBAL WIND ENERGY INSTALLATIONS, 2021–2030	71 
5.2.3.7	Development of advanced software tools for prepreg product development	71 
5.2.4	CHALLENGES	71 
5.2.4.1	Developing low-cost technologies	71 
5.2.4.2	Issues related to recycling	71 
5.3	PORTER’S FIVE FORCES	72 
FIGURE 20	COMPOSITES MARKET: PORTER’S FIVE FORCES ANALYSIS	72 
5.3.1	THREAT OF NEW ENTRANTS	73 
5.3.2	THREAT OF SUBSTITUTES	73 
5.3.3	BARGAINING POWER OF BUYERS	73 
5.3.4	BARGAINING POWER OF SUPPLIERS	73 
5.3.5	INTENSITY OF COMPETITIVE RIVALRY	74 
TABLE 3	COMPOSITES MARKET: PORTER’S FIVE FORCES ANALYSIS	74 
5.4	EMERGING NEED OF CUSTOMERS IN TERMS OF UTILIZATION OF COMPOSITES	74 
5.4.1	COMPOSITES IN ELECTRIC-POWERED AIRCRAFT	74 
5.4.2	EMERGING NEED FOR COMPOSITES IN URBAN TAXIS	74 
5.4.3	APPLICATION OF COMPOSITES IN SENSOR POSITION OPTIMIZATION	75 
5.4.4	COMPOSITES FOR HYPERSONIC AIRCRAFT	75 
5.5	TECHNOLOGY ANALYSIS	75 
TABLE 4	COMPARATIVE STUDY OF MAJOR COMPOSITE MANUFACTURING PROCESSES	75 
5.6	ECOSYSTEM: COMPOSITES MARKET	77 
5.7	VALUE CHAIN ANALYSIS	78 
FIGURE 21	COMPOSITES MARKET: VALUE CHAIN ANALYSIS	78 
5.7.1	RAW MATERIALS	79 
FIGURE 22	LEADING COMPOSITE RAW MATERIAL MANUFACTURERS AND SUPPLIERS	79 
5.7.2	INTERMEDIATES	80 
FIGURE 23	LEADING COMPOSITE INTERMEDIATE MANUFACTURERS	80 
5.7.3	MOLDER	81 
FIGURE 24	LEADING MOLDERS IN COMPOSITES MARKET	81 
5.7.4	OEM/ASSEMBLY	81 
FIGURE 25	MAJOR END USERS OF COMPOSITE PRODUCTS	81 
5.8	SUPPLY CHAIN ANALYSIS	82 
5.9	DISTRIBUTION CHANNEL	82 
5.10	COMPOSITES MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS	83 
TABLE 5	COMPOSITES MARKET: CAGR (BY VALUE) IN REALISTIC, PESSIMISTIC, AND OPTIMISTIC SCENARIOS	83 
5.10.1	OPTIMISTIC SCENARIO	83 
5.10.2	PESSIMISTIC SCENARIO	83 
5.10.3	REALISTIC SCENARIO	83 
5.11	PRICING ANALYSIS	83 
5.11.1	AVERAGE SELLING PRICE, BY END-USE INDUSTRY (KEY PLAYERS)	84 
FIGURE 26	AVERAGE SELLING PRICES OF COMPOSITES OFFERED BY KEY PLAYERS FOR TOP THREE END-USE INDUSTRIES (USD/KG)	84 
5.12	AVERAGE SELLING PRICE	84 
TABLE 6	AVERAGE SELLING PRICE OF COMPOSITES, BY REGION	84 
TABLE 7	AVERAGE SELLING PRICE OF COMPOSITES, BY FIBER TYPE	85 
TABLE 8	AVERAGE SELLING PRICE OF COMPOSITES, BY RESIN TYPE	85 
5.12.1	KEY STAKEHOLDERS & BUYING CRITERIA	85 
5.12.1.1	Key stakeholders in buying process	85 
FIGURE 27	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES	85 
TABLE 9	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES	86 
5.12.2	BUYING CRITERIA	86 
FIGURE 28	KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES	86 
TABLE 10	KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES	86 
5.13	KEY MARKETS FOR IMPORT & EXPORT	87 
5.13.1	CHINA	87 
5.13.2	US	87 
5.13.3	GERMANY	87 
5.13.4	FRANCE	88 
5.13.5	INDIA	88 
5.14	PATENT ANALYSIS	88 
5.14.1	INTRODUCTION	88 
5.14.2	METHODOLOGY	88 
5.14.3	DOCUMENT TYPE	88 
TABLE 11	COMPOSITES MARKET: GLOBAL PATENTS	89 
FIGURE 29	GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE	89 
FIGURE 30	GLOBAL PATENT PUBLICATION TREND ANALYSIS: LAST 10 YEARS	89 
5.14.4	INSIGHTS	89 
5.14.5	LEGAL STATUS OF PATENTS	90 
FIGURE 31	COMPOSITES MARKET: LEGAL STATUS OF PATENTS	90 
5.14.6	JURISDICTION ANALYSIS	90 
FIGURE 32	GLOBAL JURISDICTION ANALYSIS	90 
5.14.7	TOP APPLICANTS’ ANALYSIS	91 
FIGURE 33	BOEING HAS HIGHEST NUMBER OF PATENTS	91 
5.14.8	PATENTS BY BOEING	91 
5.14.9	PATENTS BY NISSIN KOGYO	92 
5.14.10	PATENTS BY ARKEMA FRANCE	93 
5.14.11	TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS	93 
5.15	CASE STUDY ANALYSIS	94 
5.16	TARIFFS AND REGULATIONS	95 
5.16.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	95 
TABLE 12	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	95 
5.16.2	STANDARDS IN COMPOSITES MARKET	96 
TABLE 13	CURRENT STANDARD CODES FOR AUTOMOTIVE COMPOSITES	96 
TABLE 14	CURRENT STANDARD CODES FOR CONSTRUCTION COMPOSITES	97 
5.16.3	TRADE POLICY	98 
5.17	IMPACT ON CUSTOMER BUSINESS	98 
5.18	KEY CONFERENCES & EVENTS, 2023–2024	99 
TABLE 15	COMPOSITES MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023–2024	99 
6	COMPOSITES MARKET, BY RESIN TYPE	101 
6.1	INTRODUCTION	102 
FIGURE 34	THERMOSET COMPOSITES TO DOMINATE COMPOSITES MARKET	102 
TABLE 16	COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (USD MILLION)	102 
TABLE 17	COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (KILOTON)	103 
TABLE 18	COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (USD MILLION)	103 
TABLE 19	COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (KILOTON)	103 
6.2	THERMOSET COMPOSITES	104 
6.2.1	INCREASING DEMAND FROM END-USE INDUSTRIES IN ASIA PACIFIC TO DRIVE MARKET	104 
6.2.2	EPOXY RESIN	104 
6.2.3	POLYESTER RESIN	104 
6.2.4	VINYL ESTER RESIN	105 
6.2.5	POLYURETHANE RESIN	105 
6.2.6	OTHERS	105 
FIGURE 35	ASIA PACIFIC TO BE LARGEST THERMOSET COMPOSITES MARKET	105 
6.2.7	THERMOSET COMPOSITES MARKET, BY REGION	106 
TABLE 20	THERMOSET COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	106 
TABLE 21	THERMOSET COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	106 
TABLE 22	THERMOSET COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	106 
TABLE 23	THERMOSET COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	107 
6.3	THERMOPLASTIC COMPOSITES	107 
6.3.1	INCREASING DEMAND FROM AEROSPACE & TRANSPORTATION INDUSTRIES TO DRIVE MARKET	107 
6.3.2	POLYCARBONATES (PC)	107 
6.3.3	POLYPROPYLENE (PP)	108 
6.3.4	POLYPHENYLENE SULFIDE (PPS)	108 
6.3.5	POLYETHERIMIDE (PEI)	108 
6.3.6	POLYETHERETHERKETONE (PEEK)	108 
6.3.7	POLYAMIDE (PA)	108 
6.3.8	OTHERS	109 
FIGURE 36	ASIA PACIFIC TO BE LARGEST THERMOPLASTIC COMPOSITES MARKET	109 
6.3.9	THERMOPLASTIC COMPOSITES MARKET, BY REGION	109 
TABLE 24	THERMOPLASTIC COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	109 
TABLE 25	THERMOPLASTIC COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	110 
TABLE 26	THERMOPLASTIC COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	110 
TABLE 27	THERMOPLASTIC COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	110 
7	COMPOSITES MARKET, BY MANUFACTURING PROCESS	112 
7.1	INTRODUCTION	113 
FIGURE 37	LAY-UP MANUFACTURING PROCESS TO DOMINATE COMPOSITES MARKET DURING FORECAST PERIOD	113 
TABLE 28	COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (USD MILLION)	113 
TABLE 29	COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (KILOTON)	114 
TABLE 30	COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (USD MILLION)	114 
TABLE 31	COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (KILOTON)	114 
7.2	LAY-UP PROCESS	115 
7.2.1	DEMAND FROM AEROSPACE & DEFENSE INDUSTRY TO DRIVE EUROPEAN MARKET	115 
FIGURE 38	EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE FOR LAY-UP PROCESS	115 
7.2.2	LAY-UP PROCESS: COMPOSITES MARKET, BY REGION	116 
TABLE 32	LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	116 
TABLE 33	LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	116 
TABLE 34	LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	116 
TABLE 35	LAY-UP PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	117 
7.3	FILAMENT WINDING PROCESS	117 
7.3.1	DEMAND FROM MARINE & CONSTRUCTION END-USE INDUSTRY TO DRIVE MARKET	117 
FIGURE 39	ASIA PACIFIC TO LEAD FILAMENT WINDING PROCESS DURING FORECAST PERIOD	117 
7.3.2	FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION	118 
TABLE 36	FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	118 
TABLE 37	FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	118 
TABLE 38	FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	118 
TABLE 39	FILAMENT WINDING PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	119 
7.4	INJECTION MOLDING PROCESS	119 
7.4.1	INCREASED APPLICATIONS OF COMPOSITES IN AUTOMOTIVE INDUSTRY TO DRIVE MARKET	119 
FIGURE 40	EUROPE TO BE LARGEST MARKET FOR INJECTION MOLDING PROCESS IN COMPOSITES MARKET	120 
7.4.2	INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION	120 
TABLE 40	INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	120 
TABLE 41	INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	121 
TABLE 42	INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	121 
TABLE 43	INJECTION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	121 
7.5	PULTRUSION PROCESS	122 
7.5.1	LOW-COST PRODUCTION METHOD TO BOOST MARKET	122 
FIGURE 41	ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR PULTRUSION PROCESS	122 
7.5.2	PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION	123 
TABLE 44	PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	123 
TABLE 45	PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	123 
TABLE 46	PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	123 
TABLE 47	PULTRUSION PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	124 
7.6	COMPRESSION MOLDING PROCESS	124 
7.6.1	ABILITY TO MANUFACTURE COMPLEX SHAPES TO DRIVE MARKET	124 
FIGURE 42	EUROPE TO BE LARGEST MARKET FOR COMPRESSION MOLDING PROCESS	124 
7.6.2	COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION	125 
TABLE 48	COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	125 
TABLE 49	COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	125 
TABLE 50	COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	125 
TABLE 51	COMPRESSION MOLDING PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	126 
7.7	RESIN TRANSFER MOLDING (RTM) PROCESS	126 
7.7.1	DEMAND FOR COMPLEX STRUCTURES FROM AUTOMOTIVE AND AEROSPACE INDUSTRY TO DRIVE MARKET	126 
FIGURE 43	ASIA PACIFIC TO BE LARGEST MARKET FOR RESIN TRANSFER MOLDING (RTM) PROCESS	127 
7.7.2	RTM PROCESS: COMPOSITES MARKET, BY REGION	127 
TABLE 52	RTM PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	127 
TABLE 53	RTM PROCESS: COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	127 
TABLE 54	RTM PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	128 
TABLE 55	RTM PROCESS: COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	128 
7.8	OTHERS	129 
FIGURE 44	EUROPE TO BE LARGEST MARKET FOR OTHER MANUFACTURING PROCESSES	129 
7.8.1	OTHER PROCESSES: COMPOSITES MARKET, BY REGION	129 
TABLE 56	OTHER PROCESSES: COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	129 
TABLE 57	OTHER PROCESSES: COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	129 
TABLE 58	OTHER PROCESSES: COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	130 
TABLE 59	OTHER PROCESSES: COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	130 
8	COMPOSITES MARKET, BY FIBER TYPE	131 
8.1	INTRODUCTION	132 
FIGURE 45	GLASS FIBER COMPOSITES TO DOMINATE COMPOSITES MARKET	132 
TABLE 60	COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (USD MILLION)	132 
TABLE 61	COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (KILOTON)	133 
TABLE 62	COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (USD MILLION)	133 
TABLE 63	COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (KILOTON)	133 
8.2	GLASS FIBER COMPOSITES	134 
FIGURE 46	ASIA PACIFIC TO BE LARGEST GLASS FIBER COMPOSITES MARKET DURING FORECAST PERIOD	134 
8.2.1	GLASS FIBER COMPOSITES, BY REGION	134 
TABLE 64	GLASS FIBER COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	134 
TABLE 65	GLASS FIBER COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	135 
TABLE 66	GLASS FIBER COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	135 
TABLE 67	GLASS FIBER COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	135 
8.3	CARBON FIBER COMPOSITES	136 
FIGURE 47	EUROPE TO BE LARGEST CARBON FIBER COMPOSITES MARKET BY 2027	136 
8.3.1	CARBON FIBER COMPOSITES, BY REGION	137 
TABLE 68	CARBON FIBER COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	137 
TABLE 69	CARBON FIBER COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	137 
TABLE 70	CARBON FIBER COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	137 
TABLE 71	CARBON FIBER COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	138 
8.4	NATURAL FIBER COMPOSITES	138 
TABLE 72	NATURAL FIBER COMPOSITES IN AUTOMOTIVE SECTOR, BY DIFFERENT MANUFACTURERS	138 
FIGURE 48	EUROPE TO BE LARGEST NATURAL FIBER COMPOSITES MARKET DURING FORECAST PERIOD	139 
8.4.1	NATURAL FIBER COMPOSITES, BY REGION	139 
TABLE 73	NATURAL FIBER COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	139 
TABLE 74	NATURAL FIBER COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	140 
TABLE 75	NATURAL FIBER COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	140 
TABLE 76	NATURAL FIBER COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	140 
8.5	OTHERS	141 
8.5.1	BASALT FIBER COMPOSITES	141 
8.5.2	ARAMID FIBER COMPOSITES	141 
8.5.3	BORON FIBER COMPOSITES	141 
8.5.4	HYBRID FIBER COMPOSITES	142 
8.5.5	ULTRA-HIGH-MOLECULAR-WEIGHT POLYETHYLENE (UHMWPE) FIBER COMPOSITES	142 
FIGURE 49	ASIA PACIFIC TO BE LARGEST MARKET FOR OTHER FIBER COMPOSITES	142 
8.5.6	OTHER FIBER COMPOSITES, BY REGION	142 
TABLE 77	OTHER FIBER COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	142 
TABLE 78	OTHER FIBER COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	143 
TABLE 79	OTHER FIBER COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	143 
TABLE 80	OTHER FIBER COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	143 
9	COMPOSITES MARKET, BY END-USE INDUSTRY	144 
9.1	INTRODUCTION	145 
FIGURE 50	AEROSPACE & DEFENSE INDUSTRY TO DOMINATE COMPOSITES MARKET DURING FORECAST PERIOD	145 
TABLE 81	COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)	146 
TABLE 82	COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)	146 
TABLE 83	COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)	147 
TABLE 84	COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (KILOTON)	147 
9.2	AEROSPACE & DEFENSE	148 
9.2.1	CIVIL	148 
9.2.2	DEFENSE	148 
TABLE 85	NUMBER OF NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION (2019–2038)	149 
FIGURE 51	EUROPE TO WITNESS HIGHEST DEMAND FOR COMPOSITES FROM AEROSPACE & DEFENSE END-USE INDUSTRY	149 
9.2.3	COMPOSITES MARKET IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION	150 
TABLE 86	COMPOSITES MARKET IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2019–2021 (USD MILLION)	150 
TABLE 87	COMPOSITES MARKET IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2019–2021 (KILOTON)	150 
TABLE 88	COMPOSITES MARKET IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)	150 
TABLE 89	COMPOSITES MARKET IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2022–2027 (KILOTON)	151 
9.3	WIND ENERGY	151 
FIGURE 52	ASIA PACIFIC TO WITNESS HIGHEST DEMAND FROM WIND ENERGY INDUSTRY	152 
9.3.1	COMPOSITES MARKET IN WIND ENERGY END-USE INDUSTRY, BY REGION	152 
TABLE 90	COMPOSITES MARKET IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2019–2021 (USD MILLION)	152 
TABLE 91	COMPOSITES MARKET IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2019–2021 (KILOTON)	152 
TABLE 92	COMPOSITES MARKET IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)	153 
TABLE 93	COMPOSITES MARKET IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2022–2027 (KILOTON)	153 
9.4	AUTOMOTIVE & TRANSPORTATION	154 
TABLE 94	COST BENEFITS OF COMPOSITE PARTS VS STEEL PARTS	154 
9.4.1	AUTOMOTIVE	155 
9.4.2	RECREATIONAL VEHICLES	155 
9.4.3	BUS, TRUCKS, AND OTHER HEAVY VEHICLES	155 
9.4.4	METROS AND MONORAILS	155 
9.4.5	PASSENGER RAILS	155 
9.4.6	HIGH-SPEED AND BULLET TRAINS	155 
FIGURE 53	ASIA PACIFIC TO LEAD COMPOSITES MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY	156 
9.4.7	COMPOSITES MARKET IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION	156 
TABLE 95	COMPOSITES MARKET IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2019–2021 (USD MILLION)	156 
TABLE 96	COMPOSITES MARKET IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2019–2021 (KILOTON)	156 
TABLE 97	COMPOSITES MARKET IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)	157 
TABLE 98	COMPOSITES MARKET IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2022–2027 (KILOTON)	157 
9.5	CONSTRUCTION & INFRASTRUCTURE	157 
FIGURE 54	ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY	158 
9.5.1	COMPOSITES MARKET IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION	158 
TABLE 99	COMPOSITES MARKET IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2019–2021 (USD MILLION)	158 
TABLE 100	COMPOSITES MARKET IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2019–2021 (KILOTON)	158 
TABLE 101	COMPOSITES MARKET IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)	159 
TABLE 102	COMPOSITES MARKET IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2022–2027 (KILOTON)	159 
9.6	PIPES & TANKS	159 
FIGURE 55	ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN PIPES & TANKS END-USE INDUSTRY	160 
9.6.1	COMPOSITES MARKET IN PIPES & TANKS END-USE INDUSTRY, BY REGION	160 
TABLE 103	COMP COMPOSITES MARKET IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2019–2021 (USD MILLION)	160 
TABLE 104	COMPOSITES MARKET IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2019–2021 (KILOTON)	160 
TABLE 105	COMPOSITES MARKET IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)	161 
TABLE 106	COMPOSITES MARKET IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2022–2027 (KILOTON)	161 
9.7	MARINE	162 
9.7.1	POWERBOAT	162 
9.7.2	SAILBOAT	162 
9.7.3	CRUISE SHIP	162 
9.7.4	OTHERS	162 
FIGURE 56	EUROPE TO BE LARGEST MARKET COMPOSITES IN MARINE END-USE INDUSTRY	163 
9.7.5	COMPOSITES MARKET IN MARINE END-USE INDUSTRY, BY REGION	163 
TABLE 107	COMPOSITES MARKET IN MARINE END-USE INDUSTRY, BY REGION, 2019–2021 (USD MILLION)	163 
TABLE 108	COMPOSITES MARKET IN MARINE END-USE INDUSTRY, BY REGION, 2019–2021 (KILOTON)	163 
TABLE 109	COMPOSITES MARKET IN MARINE END-USE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)	164 
TABLE 110	COMPOSITES MARKET IN MARINE END-USE INDUSTRY, BY REGION, 2022–2027 (KILOTON)	164 
9.8	ELECTRICAL & ELECTRONICS	165 
FIGURE 57	ASIA PACIFIC TO BE LARGEST MARKET FOR COMPOSITES IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY	165 
9.8.1	COMPOSITES MARKET IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION	165 
TABLE 111	COMPOSITES MARKET IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2019–2021 (USD MILLION)	165 
TABLE 112	COMPOSITES MARKET IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2019–2021 (KILOTON)	166 
TABLE 113	COMPOSITES MARKET IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)	166 
TABLE 114	COMPOSITES MARKET IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2022–2027 (KILOTON)	166 
9.9	OTHERS	167 
9.9.1	INDUSTRIAL	167 
9.9.2	HEALTHCARE	167 
9.9.3	SPORTING GOODS	167 
FIGURE 58	NORTH AMERICA TO BE LARGEST MARKET FOR COMPOSITES IN OTHER END-USE INDUSTRIES	167 
9.9.4	COMPOSITES MARKET IN OTHER END-USE INDUSTRIES, BY REGION	168 
TABLE 115	COMPOSITES MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2019–2021 (USD MILLION)	168 
TABLE 116	COMPOSITES MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2019–2021 (KILOTON)	168 
TABLE 117	COMPOSITES MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2022–2027 (USD MILLION)	168 
TABLE 118	COMPOSITES MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2022–2027 (KILOTON)	169 
10	COMPOSITES MARKET, BY REGION	170 
10.1	INTRODUCTION	171 
FIGURE 59	CHINA TO BE FASTEST-GROWING COMPOSITES MARKET DURING FORECAST PERIOD	171 
TABLE 119	COMPOSITES MARKET, BY REGION, 2019–2021 (USD MILLION)	171 
TABLE 120	COMPOSITES MARKET, BY REGION, 2019–2021 (KILOTON)	172 
TABLE 121	COMPOSITES MARKET, BY REGION, 2022–2027 (USD MILLION)	172 
TABLE 122	COMPOSITES MARKET, BY REGION, 2022–2027 (KILOTON)	172 
10.2	NORTH AMERICA	173 
FIGURE 60	NORTH AMERICA: COMPOSITES MARKET SNAPSHOT	173 
10.2.1	NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE	174 
TABLE 123	NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (USD MILLION)	174 
TABLE 124	NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (KILOTON)	174 
TABLE 125	NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (USD MILLION)	174 
TABLE 126	NORTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (KILOTON)	175 
10.2.2	NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS	175 
TABLE 127	NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (USD MILLION)	175 
TABLE 128	NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (KILOTON)	176 
TABLE 129	NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (USD MILLION)	176 
TABLE 130	NORTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (KILOTON)	177 
10.2.3	NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE	177 
TABLE 131	NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (USD MILLION)	177 
TABLE 132	NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (KILOTON)	177 
TABLE 133	NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (USD MILLION)	178 
TABLE 134	NORTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (KILOTON)	178 
10.2.4	NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY	178 
TABLE 135	NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)	178 
TABLE 136	NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)	179 
TABLE 137	NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)	179 
TABLE 138	NORTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (KILOTON)	180 
10.2.5	NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY	180 
TABLE 139	NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2019–2021 (USD MILLION)	180 
TABLE 140	NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2019–2021 (KILOTON)	181 
TABLE 141	NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)	181 
TABLE 142	NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2022–2027 (KILOTON)	181 
10.2.5.1	US	181 
10.2.5.1.1	Rise in demand for commercial & next-generation aircraft to boost market	181 
TABLE 143	US: NEW WIND ENERGY INSTALLATIONS, 2010–2020 (MW)	182 
10.2.5.2	Canada	182 
10.2.5.2.1	Demand from aerospace industry to influence market	182 
10.2.5.3	Mexico	183 
10.2.5.3.1	Automobile & sporting goods industry to boost demand for composites	183 
10.3	EUROPE	185 
FIGURE 61	EUROPE: COMPOSITES MARKET SNAPSHOT	185 
10.3.1	EUROPE: COMPOSITES MARKET, BY FIBER TYPE	185 
TABLE 144	EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (USD MILLION)	185 
TABLE 145	EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (KILOTON)	186 
TABLE 146	EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (USD MILLION)	186 
TABLE 147	EUROPE: COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (KILOTON)	186 
10.3.2	EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS	187 
TABLE 148	EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (USD MILLION)	187 
TABLE 149	EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (KILOTON)	187 
TABLE 150	EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (USD MILLION)	188 
TABLE 151	EUROPE: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (KILOTON)	188 
10.3.3	EUROPE: COMPOSITES MARKET, BY RESIN TYPE	189 
TABLE 152	EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (USD MILLION)	189 
TABLE 153	EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (KILOTON)	189 
TABLE 154	EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (USD MILLION)	189 
TABLE 155	EUROPE: COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (KILOTON)	189 
10.3.4	EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY	190 
TABLE 156	EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)	190 
TABLE 157	EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)	190 
TABLE 158	EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)	191 
TABLE 159	EUROPE: COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (KILOTON)	191 
10.3.5	EUROPE: COMPOSITES MARKET, BY COUNTRY	192 
TABLE 160	EUROPE: COMPOSITES MARKET, BY COUNTRY, 2019–2021 (USD MILLION)	192 
TABLE 161	EUROPE: COMPOSITES MARKET, BY COUNTRY, 2019–2021 (KILOTON)	192 
TABLE 162	EUROPE: COMPOSITES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)	192 
TABLE 163	EUROPE: COMPOSITES MARKET, BY COUNTRY, 2022–2027 (KILOTON)	193 
10.3.5.1	Germany	193 
10.3.5.1.1	Increasing wind turbine installations to drive demand	193 
TABLE 164	GERMANY: NEW WIND ENERGY INSTALLATIONS, 2010–2020 (MW)	193 
10.3.5.2	France	194 
10.3.5.2.1	Demand from automotive & aerospace industry to increase consumption	194 
10.3.5.3	UK	194 
10.3.5.3.1	Demand from automotive industry to influence market	194 
10.3.5.4	Italy	194 
10.3.5.4.1	Demand from end-use industries to increase consumption of composites	194 
10.3.5.5	Spain	195 
10.3.5.5.1	Improving industrial demand for composites to drive market	195 
10.3.5.6	Russia	195 
10.3.5.6.1	Improving automobile market to support market	195 
10.3.5.7	Rest of Europe	195 
10.4	ASIA PACIFIC	195 
FIGURE 62	ASIA PACIFIC: COMPOSITES MARKET SNAPSHOT	196 
10.4.1	ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE	196 
TABLE 165	ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (USD MILLION)	196 
TABLE 166	ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (KILOTON)	197 
TABLE 167	ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (USD MILLION)	197 
TABLE 168	ASIA PACIFIC: COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (KILOTON)	197 
10.4.2	ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS	198 
TABLE 169	ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (USD MILLION)	198 
TABLE 170	ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (KILOTON)	198 
TABLE 171	ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (USD MILLION)	199 
TABLE 172	ASIA PACIFIC: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (KILOTON)	199 
10.4.3	ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE	200 
TABLE 173	ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (USD MILLION)	200 
TABLE 174	ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (KILOTON)	200 
TABLE 175	ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (USD MILLION)	200 
TABLE 176	ASIA PACIFIC: COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (KILOTON)	200 
10.4.4	ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY	201 
TABLE 177	ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)	201 
TABLE 178	ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)	201 
TABLE 179	ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)	202 
TABLE 180	ASIA PACIFIC: COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (KILOTON)	202 
10.4.5	ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY	203 
TABLE 181	ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY, 2019–2021 (USD MILLION)	203 
TABLE 182	ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY, 2019–2021 (KILOTON)	203 
TABLE 183	ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)	203 
TABLE 184	ASIA PACIFIC: COMPOSITES MARKET, BY COUNTRY, 2022–2027 (KILOTON)	204 
10.4.5.1	China	204 
10.4.5.1.1	Large-scale manufacturing facilities to increase demand for composites	204 
TABLE 185	CHINA: NEW WIND ENERGY INSTALLATIONS, 2010–2020 (MW)	205 
10.4.5.2	Japan	205 
10.4.5.2.1	Improving demand from electronics industry to drive market	205 
10.4.5.3	India	206 
10.4.5.3.1	Inexpensive labor and availability of raw materials to drive market	206 
10.4.5.4	South Korea	206 
10.4.5.4.1	Improving demand from infrastructure industry to influence market	206 
10.4.5.5	Rest of Asia Pacific	206 
10.5	MIDDLE EAST & AFRICA	207 
10.5.1	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE	207 
TABLE 186	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (USD MILLION)	207 
TABLE 187	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (KILOTON)	207 
TABLE 188	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (USD MILLION)	207 
TABLE 189	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (KILOTON)	208 
10.5.2	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS	208 
TABLE 190	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (USD MILLION)	208 
TABLE 191	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (KILOTON)	209 
TABLE 192	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (USD MILLION)	209 
TABLE 193	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (KILOTON)	210 
10.5.3	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE	210 
TABLE 194	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (USD MILLION)	210 
TABLE 195	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (KILOTON)	210 
TABLE 196	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (USD MILLION)	211 
TABLE 197	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (KILOTON)	211 
10.5.4	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY	211 
TABLE 198	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)	211 
TABLE 199	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)	212 
TABLE 200	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)	212 
TABLE 201	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (KILOTON)	213 
10.5.5	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY	213 
TABLE 202	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY, 2019–2021 (USD MILLION)	213 
TABLE 203	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY, 2019–2021 (KILOTON)	213 
TABLE 204	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)	214 
TABLE 205	MIDDLE EAST & AFRICA: COMPOSITES MARKET, BY COUNTRY, 2022–2027 (KILOTON)	214 
10.5.5.1	UAE	214 
10.5.5.1.1	Demand from pipes & tanks industry to propel market	214 
10.5.5.2	Saudi Arabia	214 
10.5.5.2.1	Increasing consumption of composites in transportation industry to boost market	214 
10.5.5.3	Rest of Middle East & Africa	215 
10.6	SOUTH AMERICA	215 
10.6.1	SOUTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE	215 
TABLE 206	SOUTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (USD MILLION)	215 
TABLE 207	SOUTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2019–2021 (KILOTON)	215 
TABLE 208	SOUTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (USD MILLION)	216 
TABLE 209	SOUTH AMERICA: COMPOSITES MARKET, BY FIBER TYPE, 2022–2027 (KILOTON)	216 
10.6.2	SOUTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS	216 
TABLE 210	SOUTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (USD MILLION)	216 
TABLE 211	SOUTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2019–2021 (KILOTON)	217 
TABLE 212	SOUTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (USD MILLION)	217 
TABLE 213	SOUTH AMERICA: COMPOSITES MARKET, BY MANUFACTURING PROCESS, 2022–2027 (KILOTON)	218 
10.6.3	SOUTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE	218 
TABLE 214	SOUTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (USD MILLION)	218 
TABLE 215	SOUTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2019–2021 (KILOTON)	218 
TABLE 216	SOUTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (USD MILLION)	219 
TABLE 217	SOUTH AMERICA: COMPOSITES MARKET, BY RESIN TYPE, 2022–2027 (KILOTON)	219 
10.6.4	SOUTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY	219 
TABLE 218	SOUTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)	219 
TABLE 219	SOUTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTON)	220 
TABLE 220	SOUTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)	220 
TABLE 221	SOUTH AMERICA: COMPOSITES MARKET, BY END-USE INDUSTRY, 2022–2027 (KILOTON)	221 
10.6.5	SOUTH AMERICA: COMPOSITES MARKET, BY COUNTRY	221 
TABLE 222	SOUTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2019–2021 (USD MILLION)	221 
TABLE 223	SOUTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2019–2021 (KILOTON)	222 
TABLE 224	SOUTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)	222 
TABLE 225	SOUTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2022–2027 (KILOTON)	222 
10.6.5.1	Brazil	223 
10.6.5.1.1	Transition toward renewable wind energy to drive market	223 
10.6.5.2	Rest of South America	223 
11	COMPETITIVE LANDSCAPE	224 
11.1	INTRODUCTION	224 
11.2	MARKET SHARE ANALYSIS	224 
FIGURE 63	MARKET SHARE OF TOP COMPANIES IN COMPOSITES MARKET	224 
TABLE 226	DEGREE OF COMPETITION	225 
11.3	MARKET RANKING	225 
FIGURE 64	RANKING OF TOP FIVE PLAYERS IN COMPOSITES MARKET	225 
11.4	MARKET EVALUATION FRAMEWORK	226 
TABLE 227	DEALS, 2018–2022	226 
TABLE 228	OTHERS, 2018–2022	239 
TABLE 229	PRODUCT DEVELOPMENT, 2018–2022	241 
FIGURE 65	REVENUE ANALYSIS OF TOP MARKET PLAYERS	245 
11.5	COMPANY EVALUATION MATRIX	246 
TABLE 230	COMPANY PRODUCT FOOTPRINT	246 
TABLE 231	COMPANY END-USE INDUSTRY FOOTPRINT	247 
TABLE 232	COMPANY REGION FOOTPRINT	248 
11.5.1	STARS	249 
11.5.2	PERVASIVE PLAYERS	249 
11.5.3	PARTICIPANTS	249 
11.5.4	EMERGING LEADERS	249 
FIGURE 66	COMPETITIVE LEADERSHIP MAPPING, 2021	250 
11.5.5	STRENGTH OF PRODUCT PORTFOLIO	251 
FIGURE 67	PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN COMPOSITES MARKET	251 
11.5.6	BUSINESS STRATEGY EXCELLENCE	252 
FIGURE 68	BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN COMPOSITES MARKET	252 
11.6	STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX	253 
11.6.1	PROGRESSIVE COMPANIES	253 
11.6.2	RESPONSIVE COMPANIES	253 
11.6.3	DYNAMIC COMPANIES	253 
11.6.4	STARTING BLOCKS	253 
FIGURE 69	SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2020	254 
12	COMPANY PROFILES	255 
(Business overview, Products offered, Deals, Other developments, MNM view)* 
12.1	KEY COMPANIES	255 
12.1.1	OWENS CORNING	255 
TABLE 233	OWENS CORNING: COMPANY OVERVIEW	255 
FIGURE 70	OWENS CORNING: COMPANY SNAPSHOT	256 
12.1.2	TORAY INDUSTRIES, INC.	263 
TABLE 234	TORAY INDUSTRIES, INC.: COMPANY OVERVIEW	263 
FIGURE 71	TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT	264 
12.1.3	MITSUBISHI CHEMICAL HOLDINGS CORPORATION	271 
TABLE 235	MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY OVERVIEW	271 
FIGURE 72	MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY SNAPSHOT	272 
12.1.4	SOLVAY S.A.	277 
TABLE 236	SOLVAY S.A.: COMPANY OVERVIEW	277 
FIGURE 73	SOLVAY S.A.: COMPANY SNAPSHOT	278 
12.1.5	TEIJIN LIMITED	284 
TABLE 237	TEIJIN LIMITED: COMPANY OVERVIEW	284 
FIGURE 74	TEIJIN LIMITED: COMPANY SNAPSHOT	285 
12.1.6	SGL CARBON SE	292 
TABLE 238	SGL CARBON SE: COMPANY OVERVIEW	292 
FIGURE 75	SGL CARBON SE: COMPANY SNAPSHOT	293 
12.1.7	HEXCEL CORPORATION	298 
TABLE 239	HEXCEL CORPORATION: COMPANY OVERVIEW	298 
FIGURE 76	HEXCEL CORPORATION: COMPANY SNAPSHOT	299 
12.1.8	NIPPON ELECTRIC GLASS CO., LTD.	305 
TABLE 240	NIPPON ELECTRIC GLASS CO., LTD.: COMPANY OVERVIEW	305 
FIGURE 77	NIPPON ELECTRIC GLASS CO., LTD.: COMPANY SNAPSHOT	306 
12.1.9	HUNTSMAN INTERNATIONAL LLC	310 
TABLE 241	HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW	310 
FIGURE 78	HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT	311 
12.1.10	HEXION	315 
TABLE 242	HEXION: COMPANY OVERVIEW	315 
FIGURE 79	HEXION: COMPANY SNAPSHOT	316 
12.1.11	GURIT HOLDING AG	319 
TABLE 243	GURIT HOLDING AG: COMPANY OVERVIEW	319 
FIGURE 80	GURIT HOLDING AG: COMPANY SNAPSHOT	320 
12.1.12	WEYERHAEUSER COMPANY	323 
TABLE 244	WEYERHAEUSER COMPANY: COMPANY OVERVIEW	323 
FIGURE 81	WEYERHAEUSER COMPANY: COMPANY SNAPSHOT	323 
12.2	OTHER KEY PLAYERS	325 
12.2.1	BASF SE	325 
12.2.2	DOWAKSA	325 
12.2.3	HONEYWELL INTERNATIONAL INC.	325 
12.2.4	RENEGADE MATERIALS CORPORATION	325 
12.2.5	KINECO KAMAN COMPOSITES – INDIA PRIVATE LIMITED	325 
12.2.6	HENKEL AG & CO. KGAA	326 
12.2.7	UPM BIOCOMPOSITES	326 
12.2.8	TREX COMPANY, INC.	326 
12.2.9	GAFFCO BALLISTICS	326 
12.2.10	BINANI INDUSTRIES LTD.	326 
12.3	COMPOSITE PART MANUFACTURERS	327 
12.3.1	MAGNA INTERNATIONAL INC.	327 
TABLE 245	MAGNA INTERNATIONAL INC.: COMPANY OVERVIEW	327 
12.3.2	STRONGWELL CORPORATION	332 
TABLE 246	STRONGWELL CORPORATION: COMPANY OVERVIEW	332 
12.3.3	SGL CARBON	339 
12.3.4	SPIRIT AEROSYSTEMS	340 
TABLE 247	SPIRIT AEROSYSTEMS: COMPANY OVERVIEW	340 
12.3.5	EXEL COMPOSITES	346 
TABLE 248	EXEL COMPOSITES: COMPANY OVERVIEW	346 
*Details on Business overview, Products offered, Deals, Other developments, MNM view might not be captured in case of unlisted companies. 
13	APPENDIX	352 
13.1	DISCUSSION GUIDE	352 
13.2	KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL	354 
13.3	CUSTOMIZATION OPTIONS	356 
13.4	RELATED REPORTS	356 
13.5	AUTHOR DETAILS	357 |