Materials and Chemicals Composites Market Growth 2026 by Reports and Data | Page 3
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Automotive and transportation dominated the market in 2018, with a share of ~17%, due to
advantages of durable and lightweight materials are useful for designing and manufacturing
efficiently.
The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin
America and Middle East & Africa.
The Asia-Pacific dominated the market in 2018 and is forecasted to grow with a CAGR of 5.5%
during the forecast period.
The market growth in the region is due to the increasing consumption of composites in various
industries such as wind energy, construction & infrastructure, aerospace, electrical & electronics,
and automotive, particularly in China and Japan.
Key participants include Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical
Holdings Corporation, SGL Group, Nippon Electric Glass Co. Ltd., Koninklijke Ten Cate BV,
Huntsman International LLC., Solvay, Hexcel Corporation, Hexion, E. I. Du Pont Nemours & Co.,
Weyerhaeuser Company, Chongqing Polycomp International Corporation and Jushi Group Co.,
Ltd., among others.
The companies have adopted various strategies including mergers, acquisitions and partnerships
to hold on going trails and come up with new developments in the market.
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For the purpose of this report, Reports and Data have segmented global Composites Market on the basis
of resin type, product type, industry vertical, process, and region:
Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
Thermosetting Composites
Thermoplastic Composites
Others
Product type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
Polymer Matrix Composites
o Carbon Fiber Reinforced Plastic
o Glass Fiber Reinforced Plastic
o Others (Aramid fiber composites, etc.)
Metal Matrix Composites
Ceramic Matrix Composites
Process Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
Pultrusion Process
Layup Process
Filament Winding
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