世界の複合材料市場: 樹脂の種類 (熱硬化性樹脂と熱可塑性樹脂)、繊維の種類 (ガラス繊維、炭素繊維、天然繊維、その他)、エンド ユーザー (自動車と輸送、電気と電子、建設とインフラストラクチャ、風力エネルギー、パイプとタンク、船舶) 、その他)、地域規模別分析と動向 – 2028年までの予測
Global Composites Market: Analysis By Resin Type (Thermoset & Thermoplastic), By Fiber Type (Glass Fiber, Carbon Fiber, Natural Fiber & Others), By End User (Automotive & Transportation, Electrical & Electronics, Construction & Infrastructure, Wind Energy, Pipes & Tanks, Marine, & Other), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028
A composite material is made up of two components that have distinct physical and chemical properties. When they are mixed, they form a material that is specialized to perform a specific function, such as becoming stronger, lighter, or electrically resistant. They can also help to increase strength and stiffness. They are preferred over traditional materials because they increase the qualities of their basic materials and are applicable in many situations. The global composites market was valued at US$102.75 billion in 2022 and is expected to be worth US$148.08 billion in 2028.
The market value is expected to grow at a CAGR of 6.28% during the forecast period of 2023-2028. Composites market is expected to continue to grow as industries look for materials that offer high strength, durability, and lightweight properties. Furthermore, the factors such as growing demand for carbon fiber composites, development of new resin systems and advancements in development technology are expected to drive the market growth in the coming years.
Market Segmentation Analysis:
By Resin Type: The report provides the bifurcation of the market into two segments based on the resin type: Thermoset Composites, and Thermoplastic Composites. In 2022, the thermoset composites segment held the major share in the market. Thermoset composites are the polymers that are made with thermoset matrices having great strength and low impact-toughness making. These are based on glass, carbon and aramid fibers. The thermoset composites can be remolded without degradation on heating and on cooling they solidify into a finished shape. There is a substantial rise in the demand for thermoset composites by the various end user industries owing to it beneficial properties such as strength, rigidity and high temperature resistance. Due to the rapid growth and expansion of aerospace industry, the demand for thermoset composites has multiplied over the years.
By Fiber Type: The report further provides the segmentation based on the fiber type: Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites and Other Fiber Composites. Glass fiber emerged as a prominent segment, accounting for a major share in the global market. This phenomenal rise can be due to its high demand in the building, electronics and electrical, wind energy, and transportation sectors. It has enhanced qualities such as lightweight, high durability, high strength, and weather resistance. Such exceptional attributes are driving the segment’s demand in a wide range of applications.
By End User: The outlook of the global composites market seems eye-catching with alluring prospects in numerous end-use sectors. The composites market is further bifurcated based on the end user: Automotive & Transportation, Electrical & Electronics, Construction & Infrastructure, Wind Energy, Pipes & Tanks, Marine, and Others. In 2022, the automotive and transportation segment dominated the market. Composites are used in automobiles, trucks, trailers, buses, railways, subways, and motorcycles. These industries use composites to replace metal in the manufacture of strong and lightweight components. The material possesses the stiffness and strength of metals but is lighter, allowing for the production of lightweight pieces.
By Region: The report provides insight into the composites market based on the geographical operations, namely Asia Pacific, Europe, North America and ROW. The Asia Pacific region dominated the composites market and is expected to expand rapidly during the forecast period. Due to the presence of important manufacturers in significant economies such as China, India, and Japan, the area is one of the most lucrative destinations for automotive, construction, aerospace, and electronics manufacturers. Considerable investment in the construction sector is expected to augment the demand for composites in the region which will drive the regional market growth. The presence of key market players in the region is again contributing to the growth of the composites market in Asia-Pacific.
Europe is a significant market for composites due to the increasing demand for electric vehicles and the presence of stringent emission regulations. The growing use of composites in the construction sector, as a result of rapid urbanization and rising living standards, is driving the composites market in Europe. Meanwhile, rising thermoplastics production in the region in response to rising demand in the electronics industry is expected to support market growth.