Learn about the global composites market through The Business Research Company, which provides information on composites market size, composites market drivers and restraints, composites market players, the COVID-19 impact on the composites market, and more.

The global composites market size is expected to grow from $80.21 billion in 2021 to $87.86 billion in 2022 at a compound annual growth rate (CAGR) of 9.53%. The growth in the market is mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global composite market size is expected to reach $131.66 billion in 2026 at a CAGR of 10.64%.

Growth in the automotive and aerospace sectors is expected to propel the growth of the composites market.

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The composite market consists of the sales of composite materials by entities (organizations, partnerships, and sole proprietors) that refer to the material as a combination of two materials with different physical and chemical properties that have excellent strength-to-weight ratios and durability and are stronger than those individual materials by themselves. Some of the applications for these products include aerospace, automotive, and high-tech electronics. They are corrosion resistant, durable, and have a lighter weight than most metals.

Global Composites Market Segments Include:
By Product: Carbon Fiber, Glass Fiber

By Manufacturing Process: Layup Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, Compression Molding Process, Resin Transfer Molding Process, Others

By Resin Type: Thermoset Composites, Thermoplastic Composites

By End-Use Industry: Aerospace and Defense, Wind Energy, Automotive and Transportation, Construction and Infrastructure, Marine, Pipe and Tank, Electrical and Electronics, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the composites market in 2021 and is also expected to be the fastest-growing region in the global composites market during the forecast period.

Technological advancements are a key trend gaining popularity in the composites market. Technological advancements to reduce composite structural mass are a type of knowledge discovery that advances technology.

TBRC’s Composites Market Report Covers:

Major Market Players: DuPont, Gurit, Henkel Corporation, Hexcel Corporation, Huntsman International LLC., Kineco Limited, Koninklijke Ten Cate BV, Mitsubishi Chemical Holdings Corporation, Nippon Electrical Glass Co. Ltd. (Japan), Owens Corning, SGL Group, Teijin Limited, Toray Industries, Veplas Group, Weyerhaeuser Company, BASF SE, and BGF Industries Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Composites Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides composites market overviews, analyzes and forecasts market size, share, composites market players, composites market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s composites market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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