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Advanced Composites Market Share

Report ID: GMI12331
Published Date: Nov 2024
Report Format: PDF

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Advanced Composites Market Share

Advanced Composites Market Company Share Analysis, (2023)

The global advanced composites industry showcases a competitive landscape teeming with a mix of players, from multinational giants to regional manufacturers and specialized niche companies. Predominantly fragmented, the market sees major players like Toray Industries, Inc., Teijin Limited, Hexcel Corporation, Mitsubishi Chemical Holdings Corporation, and Huntsman Corporation. These companies command significant market shares, bolstered by their vast product portfolios and robust brand recognition. The surge of e-commerce has broadened online sales channels, allowing brands to tap into wider audiences and boost customer engagement via digital marketing.

Advanced Composites Market Companies

Major players operating in the advanced composites industry are:

Cytec Industries Inc.
DuPont
Gurit Holding AG
Hexcel Corporation
Huntsman Corporation
Hyosung Corporation
Mitsubishi Chemical Holdings Corporation
Nippon Graphite Fiber Corporation
Owens Corning
Royal DSM N.V.
SGL Carbon SE
Solvay S.A.
Teijin Limited
Tencate Advanced Composites
Toray Industries, Inc.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for advanced composites was valued at USD 31.5 billion in 2023 and is expected to reach USD 49.5 billion by 2032, driven by a CAGR of over 5.2% from 2024 to 2032.

The aerospace & defense segment held around 33% of the total market share in 2023 and is anticipated to grow at a CAGR of 5.6% during the forecast period, driven by the need for high-performance and maneuverable military equipment.

The U.S. market generated approximately USD 9.5 billion in 2023 and is estimated to grow at a CAGR of around 5.6% from 2024 to 2032, driven by the presence of major aerospace and defense companies.

Major players in the industry include Cytec Industries Inc., DuPont, Gurit Holding AG, Hexcel Corporation, Huntsman Corporation, Hyosung Corporation, Mitsubishi Chemical Holdings Corporation, Nippon Graphite Fiber Corporation, Owens Corning, Royal DSM N.V., and SGL Carbon SE.