Composites Market by Fiber Type (Glass, Carbon), Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Layup, Filament Winding, Pultrusion), Application (Transportation, Aerospace & Defense, Wind Energy), Region - Global Forecast to 2022

 Published On: Aug, 2017 |    No of Pages: 203 |  Published By: MarketsandMarkets | Format: PDF
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The composites market is estimated to reach USD 115.43 billion by 2022, at a CAGR of 8.13% between 2017 and 2022. Increasing use of composites in the aerospace & defense, transportation, wind energy, construction & infrastructure, and pipes & tanks applications is driving the growth of the composites market across the globe. However, the high processing and manufacturing costs of composites and lack of standardization in the composite manufacturing technologies are some of the factors expected to restrain the growth of the composites market during the forecast period.

In terms of value, the aerospace & defense application segment is projected to lead the composites market during the forecast period.

The aerospace & defense application is projected to lead the composites market during the forecast period. The growth of this application segment of the composites market can be attributed to increased use of composites in the aircraft structures.

Composites used in various aircraft structures such as wings, fuselage, aircraft interiors, etc. as they can survive extreme operating conditions such as high stress, shocks, and impact loads. Thus, there is an increase in the demand for composites for making new generation aircraft such as Airbus A350 XWB and A320neo and the Boeing 787 and 737 MAX.

The Asia-Pacific composites market is projected to grow at the highest CAGR in terms of volume between 2017 and 2022.
The Asia-Pacific region is the largest consumer of composites in the world, followed by the North American region. It is also expected to be the most promising market for composites in the next five years. Rapid industrialization and urbanization in the region have led to increased use of composites in the aerospace & defense, construction & infrastructure, wind, pipes & tanks, and transportation applications. China is the largest market for composites in the Asia-Pacific region due to the rapidly growing manufacturing sector in the country.

In the process of determining and verifying the sizes gathered through secondary research for the composites market, its segments and subsegments, extensive primary interviews have been conducted. The breakdown of these primary interviews has been given as follows:-

• By Company Type: Tier 1—10%, Tier 2—25%, and Tier 3—65%.
• By Designation: C-level—10%, Director Level—30%, and Others—60%
• By Region: North America—20%, Europe—15%, Asia-Pacific—45%, Latin America—11%, and the Middle East & Africa—9%

Composites are also being used in various other applications such as sporting goods, consumer goods, healthcare, etc. They are being used for manufacturing skis, snowboards, golf clubs, archery bows, fishing rods, racquets, stacking chairs, etc.

The various key players profiled in the report are as follows:
1. Solvay (Belgium)
2. Koninklijke Ten Cate bv (Netherlands)
3. Huntsman Corporation, LLC (U.S.)
4. Toray Industries, Inc. (Japan)
5. Teijin Limited (Japan)
6. Owens Corning (U.S.)
7. Hexcel Corporation (U.S.)
8. SGL Group (Germany)
9. Weyerhaeuser (U.S.)
10. Chongqing Polycomp International Corporation (China)
11. Jushi Group (China)

The report is expected to help the market leaders/new entrants in the composites market in the following ways:
1. This report segments the composites market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different verticals and regions.
2. The report is expected to help the stakeholders to understand the pulse of the market and provides them information on the key market drivers, restraints, challenges, and opportunities.
3. This report is expected to help the stakeholders to understand the competitors and gain insights to enhance their positions in the composites market. The competitive landscape section includes the ecosystem of competitors, investments & expansions, new product launches, and agreements.
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 PACKAGE SIZE 17
1.6 LIMITATIONS 17
1.7 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 23
2.1.2.3 Breakdown of primary interviews 23
2.2 MARKET SIZE ESTIMATION 24
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 25
2.3 DATA TRIANGULATION 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 30
4.1 COMPOSITE MARKET SIZE, 2017 VS. 2022 (KILOTON) 30
4.2 COMPOSITES MARKET GROWTH, BY MANUFACTURING PROCESS 30
4.3 WIND ENERGY SEGMENT ACCOUNTED FOR LARGEST SHARE OF COMPOSITES MARKET IN 2016 31
4.4 COMPOSITES MARKET GROWTH, BY COUNTRY 32
4.5 COMPOSITES MARKET SIZE, BY APPLICATION, 2017 VS. 2022 32

5 MARKET OVERVIEW 33
5.1 INTRODUCTION 34
5.2 EVOLUTION 34
5.3 MARKET DYNAMICS 35
5.3.1 DRIVERS 36
5.3.1.1 Increasing demand of lightweight materials from the transportation industry 36
5.3.1.2 Growing demand of wind energy as clean energy 37
5.3.1.3 Increasing use of glass fiber-reinforced composite pipes in sewage & water management and oil & gas industry 37
5.3.1.4 Increasing use of composites in the construction & infrastructure applications 37
5.3.2 RESTRAINTS 38
5.3.2.1 Issues related to recycling 38
5.3.2.2 High processing and manufacturing cost 38
5.3.2.3 Lack of standardization in manufacturing technologies 38
5.3.3 OPPORTUNITIES 39
5.3.3.1 Increasing demand in emerging economies 39
5.3.3.2 Growing adoption of natural composites 39
5.3.3.3 Penetration of carbon fiber composites in new applications 39
5.3.3.4 Reduction of carbon fibers cost 40
5.3.3.5 High demand for glass fiber reinforced composite pipes in the emerging economies 40
5.3.4 CHALLENGES 40
5.3.4.1 Developing low-cost technologies 40
5.4 PORTER’S FIVE FORCES ANALYSIS 41
5.4.1 THREAT OF NEW ENTRANTS 41
5.4.2 THREAT OF SUBSTITUTES 42
5.4.3 BARGAINING POWER OF SUPPLIERS 42
5.4.4 BARGAINING POWER OF BUYERS 42
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 43
6 MACRO ECONOMIC OVERVIEW AND KEY TRENDS 44
6.1 INTRODUCTION 44
6.2 TRENDS AND FORECAST OF GDP 44
6.3 PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND 46
6.4 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY 47
6.5 TRENDS IN WIND ENERGY INDUSTRY 52
6.6 TRENDS OF AEROSPACE INDUSTRY 53
6.7 TRENDS OF AUTOMOTIVE INDUSTRY 54

7 COMPOSITES MARKET, BY FIBER TYPE 56
7.1 INTRODUCTION 57
7.2 CARBON FIBER COMPOSITES 58
7.3 GLASS FIBER COMPOSITES 60
7.4 OTHER FIBER COMPOSITES 62
8 COMPOSITES MARKET, BY RESIN TYPE 64
8.1 INTRODUCTION 65
8.2 THERMOSET COMPOSITES 66
8.2.1 POLYESTER RESIN 66
8.2.2 VINYL ESTER RESIN 67
8.2.3 EPOXY RESIN 67
8.2.4 POLYURETHANE RESIN 67
8.2.5 OTHERS 67
8.3 THERMOPLASTIC COMPOSITES 68
8.3.1 POLYCARBONATES (PC) 69
8.3.2 POLYPHENYLENE SULFIDE (PPS) 69
8.3.3 POLYETHERIMIDE (PEI) 69
8.3.4 POLYETHERETHERKETONE (PEEK) 70
8.3.5 OTHERS 70
9 COMPOSITES MARKET, BY MANUFACTURING PROCESS 72
9.1 INTRODUCTION 73
9.2 LAYUP PROCESS 75
9.3 FILAMENT WINDING PROCESS 76
9.4 INJECTION MOLDING PROCESS 77
9.5 PULTRUSION PROCESS 79
9.6 COMPRESSION MOLDING PROCESS 80
9.7 RESIN TRANSFER MOLDING PROCESS 81
9.8 OTHER PROCESSES 82
10 COMPOSITES MARKET, BY APPLICATION 84
10.1 INTRODUCTION 85
10.2 TRANSPORTATION 87
10.3 AEROSPACE & DEFENSE 89
10.4 ELECTRICAL & ELECTRONICS 91
10.5 WIND ENERGY 92
10.6 CONSTRUCTION & INFRASTRUCTURE 95
10.7 PIPES & TANKS 96
10.8 MARINE 97
10.9 OTHER APPLICATIONS 99
11 COMPOSITES MARKET, BY REGION 100
11.1 INTRODUCTION 101
11.2 NORTH AMERICA 102
11.2.1 U.S. 102
11.2.2 CANADA 103
11.3 EUROPE 106
11.3.1 GERMANY 106
11.3.2 FRANCE 106
11.3.3 U.K. 107
11.3.4 ITALY 107
11.3.5 AUSTRIA 107
11.3.6 NETHERLANDS 107
11.3.7 POLAND 107
11.3.8 SWEDEN 108
11.3.9 SPAIN 108
11.3.10 RUSSIA 108
11.3.11 TURKEY 108
11.4 ASIA-PACIFIC 111
11.4.1 CHINA 111
11.4.2 JAPAN 112
11.4.3 INDIA 112
11.4.4 SOUTH KOREA 112
11.4.5 AUSTRALIA & NEW ZEALAND 113
11.4.6 MALAYSIA 113
11.4.7 SINGAPORE 113
11.5 MIDDLE EAST & AFRICA (ME&A) 116
11.5.1 UAE 116
11.5.2 SOUTH AFRICA 117
11.6 LATIN AMERICA 118
11.6.1 BRAZIL 118
11.6.2 MEXICO 118
11.6.3 ARGENTINA 119
12 COMPETITIVE LANDSCAPE 121
12.1 INTRODUCTION 121
12.2 COMPETITIVE LEADERSHIP MAPPING, 2016 121
12.2.1 VISIONARY LEADERS 121
12.2.2 INNOVATORS 121
12.2.3 DYNAMIC DIFFERENTIATORS 121
12.2.4 EMERGING COMPANIES 121

12.3 COMPETITIVE BENCHMARKING 123
12.3.1 STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS) 123
12.3.2 BUSINESS STRATEGY EXCELLENCE (25 PLAYERS) 124
*Top 25 companies analyzed for this study are - Teijin Limited (Japan), Toray Industries, Inc. (Japan), Owens Corning (U.S.), Hexcel Corporation (U.S.), Huntsman International LLC (U.S.), Solvay (Belgium), Nippon Electric Glass Co. Ltd. (Japan), SGL Group (Germany), E.I DuPont De Nemours & Co. (U.S.), Hexion (U.S.), Weyerhauser (U.S.), Jushi Group (China), Koninklijke Ten Cate bv (Netherland), Mitsubishi Chemical Holdings Corporation (Japan), BASF SE (Germany), Gurit (switzerland), Honeywell Internalional Inc. (U.S.), Renegade Materials Corporation (U.S.), Kineco Kaman Composites-India Pvt. Limited (India), Henkel AG & Co. KGaA (Germany) , Trex Company, Inc. (U.S.), UPM BioComposites (Finland), Gaffco Ballistics (U.S.), Chongqing Polycomp International Corporation (China), Binani Industries Ltd (India)
12.4 MARKET SHARE ANALYSIS 125
13 COMPANY PROFILES 126
(Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships)*
13.1 OWENS CORNING 126
13.2 TORAY INDUSTRIES, INC. 131
13.3 TEIJIN LIMITED 136
13.4 MITSUBISHI CHEMICAL HOLDINGS CORPORATION 140
13.5 SGL GROUP 144
13.6 NIPPON ELECTRIC GLASS CO. LTD. 148
13.7 KONINKLIJKE TEN CATE BV. 152
13.8 HUNTSMAN INTERNATIONAL LLC. 156
13.9 SOLVAY 159
13.10 HEXCEL CORPORATION 164
13.11 HEXION 168
13.12 E. I. DU PONT NEMOURS & CO. 171
13.13 WEYERHAEUSER COMPANY 174
13.14 CHONGQING POLYCOMP INTERNATIONAL CORPORATION 176
13.15 JUSHI GROUP CO., LTD. 179
*Details on Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships might not be captured in case of unlisted companies.
13.16 OTHERS 182
13.16.1 BASF SE 182
13.16.2 GURIT 182
13.16.3 DOWAKSA 182
13.16.4 HONEYWELL INTERNATIONAL INC. 182
13.16.5 RENEGADE MATERIALS CORPORATION 183
13.16.6 KINECO KAMAN COMPOSITES – INDIA PRIVATE LIMITED 183
13.16.7 HENKEL AG & CO. KGAA 183
13.16.8 UPM BIOCOMPOSITES 183
13.16.9 TREX COMPANY, INC. 183
13.16.10 GAFFCO BALLISTICS 183
13.16.11 BINANI INDUSTRIES LTD. 184
14 APPENDIX 185
14.1 INSIGHTS FROM INDUSTRY EXPERTS 185
14.2 DISCUSSION GUIDE 186
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 188
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 190
14.5 AVAILABLE CUSTOMIZATIONS 191
14.6 RELATED REPORTS 191
14.7 AUTHOR DETAILS 192   

LIST OF TABLES

TABLE 1 EU: CO2 EMISSIONS STANDARDS FOR NEW PASSENGER CARS, (G/KM) 36
TABLE 2 TRENDS AND FORECAST OF GDP, 2017–2022 (USD BILLION) 44
TABLE 3 PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND, 2016 46
TABLE 4 CONSTRUCTION INDUSTRY IN NORTH AMERICA, 2015–2022 (USD BILLION) 47
TABLE 5 CONSTRUCTION INDUSTRY IN EUROPE, 2015–2022 (USD BILLION) 48
TABLE 6 CONSTRUCTION INDUSTRY IN ASIA-PACIFIC, 2015–2022 (USD BILLION) 49
TABLE 7 CONSTRUCTION INDUSTRY IN ME&A, 2015–2022 (USD BILLION) 50
TABLE 8 CONSTRUCTION INDUSTRY IN LATIN AMERICA, 2015–2022 (USD BILLION) 51
TABLE 9 WIND ENERGY INSTALLATION, MW (2015–2016) 52
TABLE 10 MARKET OF NEW AIRPLANES, 2016 53
TABLE 11 AUTOMOTIVE PRODUCTION, MILLION UNITS (2011-2016) 54
TABLE 12 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2015–2022 (USD MILLION) 57
TABLE 13 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2015–2022 (KILOTON) 58
TABLE 14 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 59
TABLE 15 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 59
TABLE 16 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 61
TABLE 17 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 61
TABLE 18 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 62
TABLE 19 OTHERS FIBER COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 63
TABLE 20 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2015–2022 (USD MILLION) 65
TABLE 21 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2015–2022 (KILOTON) 66
TABLE 22 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 67
TABLE 23 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 68
TABLE 24 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 70
TABLE 25 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 71
TABLE 26 COMPARATIVE STUDY OF MAJOR COMPOSITE MANUFACTURING PROCESSES 73
TABLE 27 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2015–2022 (USD MILLION) 74
TABLE 28 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2015–2022 (KILOTON) 75
TABLE 29 LAYUP PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 75
TABLE 30 LAYUP PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 76
TABLE 31 FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 76
TABLE 32 FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 77
TABLE 33 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 78
TABLE 34 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 78
TABLE 35 PULTRUSION PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 79
TABLE 36 PULTRUSION PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 79
TABLE 37 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 80
TABLE 38 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 81
TABLE 39 RTM PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 81
TABLE 40 RTM PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 82
TABLE 41 OTHER PROCESSES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 82
TABLE 42 OTHER PROCESSES MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 83
TABLE 43 COMPOSITES MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 85
TABLE 44 COMPOSITES MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 86
TABLE 45 COMPOSITES MARKET SIZE IN TRANSPORTATION APPLICATION, BY REGION, 2015–2022 (USD MILLION) 88
TABLE 46 COMPOSITES MARKET SIZE IN TRANSPORTATION APPLICATION, BY REGION, 2015–2022 (KILOTON) 88
TABLE 47 DEMAND FOR NEW AIRPLANES, BY REGION, 2016 TO 2035 89
TABLE 48 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE APPLICATION, BY REGION, 2015–2022 (USD MILLION) 89
TABLE 49 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE APPLICATION, BY REGION, 2015–2022 (KILOTON) 90
TABLE 50 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2015–2022 (USD MILLION) 91
TABLE 51 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2015–2022 (KILOTON) 91
TABLE 52 GERMANY: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2016 (MW) 92
TABLE 53 FRANCE: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2016 (MW) 92
TABLE 54 U.K.: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2016 (MW) 92
TABLE 55 EUROPE: ANNUAL WIND ENERGY INSTALLATIONS, 2016 (MW) 93
TABLE 56 ASIA-PACIFIC: ANNUAL WIND ENERGY INSTALLATIONS, 2016 (MW) 93
TABLE 57 COMPOSITES MARKET SIZE IN WIND ENERGY APPLICATION, BY REGION, 2015–2022 (USD MILLION) 93
TABLE 58 COMPOSITES MARKET SIZE IN WIND ENERGY APPLICATION, BY REGION, 2015–2022 (KILOTON) 94
TABLE 59 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY REGION, 2015–2022 (USD MILLION) 95
TABLE 60 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY REGION, 2015–2022 (KILOTON) 95
TABLE 61 COMPOSITES MARKET SIZE IN PIPES & TANKS APPLICATION, BY REGION, 2015–2022 (USD MILLION) 96
TABLE 62 COMPOSITES MARKET SIZE IN PIPES & TANKS APPLICATION, BY REGION, 2015–2022 (KILOTON) 96
TABLE 63 COMPOSITES MARKET SIZE IN MARINE APPLICATION, BY REGION, 2015–2022 (USD MILLION) 97
TABLE 64 COMPOSITES MARKET SIZE IN MARINE APPLICATION, BY REGION, 2015–2022 (KILOTON) 98
TABLE 65 COMPOSITES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2015–2022 (USD MILLION) 99
TABLE 66 COMPOSITES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2015–2022 (KILOTON) 99
TABLE 67 COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 101
TABLE 68 COMPOSITES MARKET SIZE, BY REGION, 2015–2021 (KILOTON) 102
TABLE 69 U.S.: NEW WIND ENERGY INSTALLATIONS, 2010–2016, (MW) 103
TABLE 70 NORTH AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 104
TABLE 71 NORTH AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON) 104
TABLE 72 GERMANY: NEW WIND ENERGY INSTALLATIONS, 2010–2016 (MW) 106
TABLE 73 EUROPE: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 109
TABLE 74 EUROPE: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON) 109
TABLE 75 CHINA: NEW WIND ENERGY INSTALLATIONS, 2010–2016 (MW) 111
TABLE 76 INDIA: NEW WIND ENERGY INSTALLATIONS, 2010–2016 (MW) 112
TABLE 77 ASIA-PACIFIC: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 114
TABLE 78 ASIA-PACIFIC: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON) 116
TABLE 79 ME&A: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 117
TABLE 80 ME&A: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON) 117
TABLE 81 BRAZIL: NEW WIND ENERGY INSTALLATIONS, 2010–2016 (MW) 118
TABLE 82 LATIN AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 119
TABLE 83 LATIN AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON) 120   

LIST OF FIGURES

FIGURE 1 COMPOSITES MARKET SEGMENTATION 16
FIGURE 2 COMPOSITES MARKET: RESEARCH METHODOLOGY 19
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 24
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 25
FIGURE 5 GLOBAL COMPOSITE MARKET : DATA TRIANGULATION 26
FIGURE 6 AEROSPACE & DEFENSE IS THE FASTEST GROWING APPLICATION IN THE GLOBAL COMPOSITES MARKET DURING THE FORECAST PERIOD 28
FIGURE 7 LAYUP MANUFACTURING PROCESS TO LEAD AND REGISTER THE HIGHEST CAGR IN THE GLOBAL COMPOSITES MARKET BETWEEN 2017 AND 2022 29
FIGURE 8 ATTRACTIVE OPPORTUNITIES FOR MARKET PLAYERS 30
FIGURE 9 LAYUP PROCESS HIGHLY PREFERRED BY COMPOSITE MANUFACTURERS 30
FIGURE 10 ASIA-PACIFIC IS THE LARGEST MARKET FOR COMPOSITES 31
FIGURE 11 CHINA TO BE FASTEST-GROWING MARKET, 2017–2022 32
FIGURE 12 COMPOSITES MARKET PROJECTED TO WITNESS FASTEST GROWTH IN AEROSPACE & DEFENSE SECTOR 32
FIGURE 13 DEVELOPMENT AND COMMERCIALIZATION OF COMPOSITES FOR INDUSTRY APPLICATIONS 34
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE COMPOSITES MARKET 35
FIGURE 15 PORTER'S FIVE FORCES ANALYSIS FOR GLOBAL COMPOSITE MARKET 41
FIGURE 16 TRENDS AND FORECAST OF GDP, 2017–2022 (USD BILLION) 45
FIGURE 17 PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND 47
FIGURE 18 CONSTRUCTION INDUSTRY IN NORTH AMERICA, 2017 VS. 2022 (USD BILLION) 48
FIGURE 19 CONSTRUCTION INDUSTRY IN EUROPE, 2017 VS. 2022 (USD BILLION) 49
FIGURE 20 CONSTRUCTION INDUSTRY IN ASIA-PACIFIC, 2017 VS. 2022 (USD BILLION) 50
FIGURE 21 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN MIDDLE EAST, 2017 VS. 2022 (USD BILLION) 50
FIGURE 22 CONSTRUCTION INDUSTRY IN LATIN AMERICA, 2017 VS. 2022 (USD BILLION) 51
FIGURE 23 WIND ENERGY INSTALLED CAPACITY, MW (2014–2015) 53
FIGURE 24 TRENDS OF NEW AIRPLANE DELIVERIES, BY REGION, 2016 54
FIGURE 25 AUTOMOTIVE PRODUCTION IN KEY ACOUNTRIES, MILLION UNITS (2015 VS. 2016) 55
FIGURE 26 GLASS FIBER COMPOSITES TO DOMINATE THE COMPOSITES MARKET, 2017-2022 (USD MILLION) 57
FIGURE 27 ASIA-PACIFIC TO DOMINATE THE GLASS FIBER COMPOSITES MARKET, 2017-2022 (USD MILLION) 61
FIGURE 28 THERMOPLASTIC COMPOSITES IS EXPECTED TO GROW AT HIGHER RATE, 2017-2022 (USD MILLION) 65
FIGURE 29 ASIA-PACIFIC TO DRIVE THE THERMOPLASTIC COMPOSITES MARKET DURING THE FORECAST PERIOD 69
FIGURE 30 LAYUP MANUFACTURING PROCESS TO DOMINATE COMPOSITE MARKET DURING FORECAST PERIOD 74
FIGURE 31 ASIA-PACIFIC TO DRIVE COMPOSITES MARKET FOR INJECTION MOLDING PROCESS DURING THE FORECAST PERIOD 77
FIGURE 32 NORTH AMERICA TO WITNESS HIGHEST GROWTH IN COMPRESSION MOLDING PROCESS DURING THE FORECAST PERIOD 80
FIGURE 33 AEROSPACE & DEFENSE INDUSTRY TO OUTPACE OTHER END-USE SEGMENTS DURING THE FORECAST PERIOD 87
FIGURE 34 NORTH AMERICA TO DOMINATE COMPOSITES MARKET IN AEROSPACE & DEFENSE INDUSTRY DURING THE FORECAST PERIOD 90
FIGURE 35 WIND ENERGY IS EXPECTED TO GROW AT HIGH RATE IN ASIA-PACIFIC COMPOSITES MARKET DURING THE FORECAST PERIOD 94
FIGURE 36 CHINA TO BE FASTEST GROWING IN THE GLOBAL COMPOSITE MARKET 101
FIGURE 37 U.S. IS THE MOST LUCRATIVE MARKET IN NORTH AMERICA 105
FIGURE 38 GERMANY: FASTEST-GROWING COMPOSITES MARKET IN EUROPE 110
FIGURE 39 CHINA DOMINATES COMPOSITES MARKET IN ASIA-PACIFIC 115
FIGURE 40 AEROSPACE & DEFENSE TO BE FASTEST-GROWING APPLICATION FOR COMPOSITE MARKET IN LATIN AMERICA (2017–2022) 119
FIGURE 41 COMPOSITE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2016 122
FIGURE 42 MARKET SHARE OF KEY PLAYERS, 2016 125
FIGURE 43 OWENS CORNING: COMPANY SNAPSHOT 126
FIGURE 44 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 131
FIGURE 45 TEIJIN LIMITED: COMPANY SNAPSHOT 136
FIGURE 46 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY SNAPSHOT 140
FIGURE 47 SGL GROUP: COMPANY SNAPSHOT 144
FIGURE 48 NIPPON ELECTRIC GLASS CO. LTD.: COMPANY SNAPSHOT 148
FIGURE 49 KONINKLIJKE TEN CATE BV.: COMPANY SNAPSHOT 152
FIGURE 50 HUNTSMAN CORPORATION: COMPANY SNAPSHOT 156
FIGURE 51 SOLVAY: COMPANY SNAPSHOT 159
FIGURE 52 HEXCEL CORPORATION: COMPANY SNAPSHOT 164
FIGURE 53 HEXION: COMPANY SNAPSHOT 168
FIGURE 54 E. I. DU PONT NEMOURS & CO.: COMPANY SNAPSHOT 171
FIGURE 55 WEYERHAEUSER: COMPANY SNAPSHOT 174

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