Composites Market by Type (Carbon Fiber Composites, Glass Fiber Composites and Others), Resin Type (Thermoplastic Composites and Thermosetting Composites), Manufacturing Process, Application and by Region - Global Trends and Forecasts to 2021

 Published On: May, 2016 |    No of Pages: 204 |  Published By: MarketsandMarkets | Format: PDF
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The global market for composites is projected to grow from USD 69.50 billion in 2015 to USD 105.26 billion by 2021, at a CAGR of 7.04% between 2016 and 2021. This high growth is attributed to increasing use of composites in the aerospace & defense, wind, and transportation applications.

The aerospace & defense application accounts for the largest share in the composites market by value

The aerospace & defense application accounts for the largest share of the composites market. Composite structures are designed to survive extreme operating conditions such as high stress, shock, and impact loads. These requirements of complex aerospace structures are fulfilled by composites. There is an increase in the demand for composites due to new aircraft programs, including the Airbus A350 XWB and A320neo and the Boeing 787 and 737 MAX. This trend is expected to continue in the next five years due to the delivery backlog of aircrafts from major aerospace manufacturers.

Asia-Pacific projected to be the fastest-growing composites market

Asia-Pacific dominated the composites market, followed by North America. It is also the most promising market for composites in the next five years. Rapid industrialization and urbanization have led to increase in demand for composites from construction, wind, pipe & tank, automotive, electronics & semiconductor, and other industries in the region. China is expected to have the largest market share in the Asia-Pacific region due to its rapidly growing manufacturing sector in the country.

In the process of determining and verifying the market size gathered through secondary research for several segments and sub-segments, extensive primary interviews were conducted as follows:-

• By Company Type: Tier 1 (70%), Tier 2 (25%) and Tier 3 (5%).
• By Designation: C-level (31%), Director Level (23%) and others (46%)
• By Region: North America (65%), Europe (24%), Asia-Pacific (9%), and RoW (2%)

Composites are finding its use in emerging applications such as sporting goods, consumer goods, healthcare, and so on. It is used in skis, snowboards, golf clubs, archery bows, fishing rods, racquets, stacking chairs, and so on.

The various key players profiled in the report are as follows:

1. Cytec-Solvay Group (U.S.)
2. E.I. DuPont Nemours & Co. (U.S.)
3. Huntsman Corporation (U.S.)
4. PPG Industries (U.S.)
5. Toray Industries (Japan)
6. Teijin Limited (Japan)
7. Owen Corning (U.S.)
8. Hexcel Corporation (U.S.)
9. Momentive Performance Materials, Inc. (U.S.)
10. SGL Group (Germany)
11. Saint-Gobain (France)
12. Weyerhaeuser (U.S.)
13. Chongqing Polycomp International Corporation (China)
14. Jushi Group (China)

The report will help the market leaders/new entrants in this 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 the sub-segments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

TABLE OF CONTENTS

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 18
1.5 LIMITATIONS 18
1.6 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 24
2.3 DATA TRIANGULATION 26
2.4 RESEARCH ASSUMPTIONS 27

3 EXECUTIVE SUMMARY 28

4 PREMIUM INSIGHTS 34
4.1 COMPOSITE MARKET SIZE, 2016 VS. 2020 (USD BILLION) 34
4.2 COMPOSITES MARKET GROWTH, BY MANUFACTURING PROCESS 35
4.3 AEROSPACE & DEFENSE APPLICATION ACCOUNTED FOR THE LARGEST SHARE OF COMPOSITES MARKET IN 2015 36
4.4 COMPOSITES MARKET GROWTH, BY COUNTRY 37
4.5 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2016 VS. 2020 38
4.6 APPLICATION INDUSTRY GROWTH MATRIX 39

5 MARKET OVERVIEW 40
5.1 INTRODUCTION 41
5.2 EVOLUTION 41
5.3 MARKET SEGMENTATION 42
5.3.1 BY FIBER TYPE 42
5.3.2 BY MANUFACTURING PROCESS 43
5.3.3 BY RESIN TYPE 44
5.3.4 BY APPLICATION 44
5.4 MARKET DYNAMICS 45
5.4.1 DRIVERS 46
5.4.1.1 Increasing demand for lightweight materials from the transportation industry 46
5.4.1.2 Growing demand of wind energy as clean energy 47
5.4.1.3 Increasing use of composites by Boeing and Airbus 47
5.4.2 RESTRAINTS 48
5.4.2.1 Issues related to recycling 48
5.4.2.2 High processing and manufacturing cost 48
5.4.3 OPPORTUNITIES 49
5.4.3.1 Increasing demand from emerging economies 49
5.4.3.2 Growing adoption of natural composites 49
5.4.3.3 Growth of carbon fiber composites in new applications 49
5.4.4 CHALLENGES 50
5.4.4.1 High research and development cost 50
5.5 BURNING ISSUES 51
5.5.1 NEED FOR LOW-COST MATERIALS AND TECHNOLOGIES 51
5.6 WINING IMPERATIVES 51
5.6.1 MASSIVE RESEARCH AND DEVELOPMENT EFFORTS AND RELATED COLLABORATIONS TO DEVELOP NEW PRODUCTS 51
5.6.2 NEW PRODUCTION CAPACITY EXPANSIONS 51

6 INDUSTRY TRENDS 52
6.1 INTRODUCTION 52
6.2 VALUE CHAIN ANALYSIS 53
6.3 RAW MATERIAL ANALYSIS 54
6.3.1 RAW MATERIAL ANALYSIS OF GLASS FIBER COMPOSITES 54
6.3.2 RAW MATERIAL ANALYSIS OF CARBON FIBER COMPOSITES 54
6.3.3 RAW MATERIAL ANALYSIS OF OTHER FIBER COMPOSITES 55
6.4 PORTER’S FIVE FORCES ANALYSIS 56
6.4.1 THREAT OF NEW ENTRANTS 57
6.4.2 THREAT OF SUBSTITUTES 57
6.4.3 BARGAINING POWER OF SUPPLIERS 58
6.4.4 BARGAINING POWER OF BUYERS 58
6.4.5 INTENSITY OF COMPETITIVE RIVALRY 59

7 MACRO ECONOMIC OVERVIEW AND KEY TRENDS 60
7.1 INTRODUCTION 60
7.2 TRENDS AND FORECAST OF GDP 60
7.3 PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND 62
7.4 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY 64
7.4.1 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN NORTH AMERICA 64
7.4.2 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN EUROPE 65
7.4.3 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN ASIA-PACIFIC 66
7.4.4 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN ME&A 67
7.4.5 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN LATIN AMERICA 68
7.5 TRENDS OF WIND ENERGY INDUSTRY 69
7.6 TRENDS OF AEROSPACE INDUSTRY 71
7.7 TRENDS OF AUTOMOTIVE INDUSTRY 72

8 COMPOSITES MARKET, BY FIBER TYPE 74
8.1 INTRODUCTION 75
8.2 CARBON FIBER COMPOSITES 77
8.3 GLASS FIBER COMPOSITES 79
8.4 OTHER FIBER COMPOSITES 82

9 COMPOSITES MARKET, BY RESIN TYPE 84
9.1 INTRODUCTION 85
9.2 THERMOSETTING COMPOSITES 86
9.2.1 THERMOSETTING COMPOSITES, BY REGION 86
9.3 THERMOPLASTIC COMPOSITES 88
9.3.1 THERMOPLASTIC COMPOSITES, BY REGION 89

10 COMPOSITES MARKET, BY MANUFACTURING PROCESS 91
10.1 INTRODUCTION 92
10.2 LAYUP PROCESS 94
10.3 FILAMENT WINDING PROCESS 95
10.4 INJECTION MOLDING PROCESS 96
10.5 PULTRUSION PROCESS 98
10.6 COMPRESSION MOLDING PROCESS 99
10.7 RESIN TRANSFER MOLDING PROCESS 100
10.8 OTHER PROCESSES 101

11 COMPOSITES MARKET, BY APPLICATION 103
11.1 INTRODUCTION 104
11.2 TRANSPORTATION 106
11.3 AEROSPACE & DEFENSE 107
11.4 ELECTRICAL & ELECTRONICS 109
11.5 WIND ENERGY 110
11.6 CONSTRUCTION & INFRASTRUCTURE 113
11.7 PIPES & TANKS 114
11.8 MARINE 115
11.9 OTHER APPLICATIONS 117

12 COMPOSITES MARKET, BY REGION 118
12.1 INTRODUCTION 119
12.2 NORTH AMERICA 121
12.2.1 U.S. 121
12.2.2 CANADA 122
12.3 EUROPE 125
12.3.1 GERMANY 125
12.3.2 FRANCE 125
12.3.3 U.K. 125
12.3.4 ITALY 125
12.3.5 AUSTRIA 126
12.3.6 NETHERLANDS 126
12.3.7 POLAND 126
12.3.8 SWEDEN 126
12.3.9 SPAIN 127
12.3.10 RUSSIA 127
12.3.11 TURKEY 127
12.4 ASIA-PACIFIC 131
12.4.1 CHINA 131
12.4.2 INDIA 131
12.4.3 JAPAN 131
12.4.4 KOREA 132
12.4.5 AUSTRALIA & NEW ZEALAND 132
12.4.6 MALAYSIA 132
12.4.7 THAILAND 133
12.5 MIDDLE EAST & AFRICA (ME&A) 135
12.5.1 UAE 135
12.5.2 SOUTH AFRICA 135
12.6 LATIN AMERICA 136
12.6.1 BRAZIL 136
12.6.2 MEXICO 136
12.6.3 ARGENTINA 137

13 COMPETITIVE LANDSCAPE 138
13.1 INTRODUCTION 138
13.2 COMPETITIVE SITUATIONS AND TRENDS 139
13.3 COMPETITIVE LANDSCAPE 142
13.3.1 INVESTMENTS & EXPANSIONS 142
13.3.2 AGREEMENTS & PARTNERSHIPS 145
13.3.3 NEW PRODUCT LAUNCH 147
13.3.4 MERGERS & ACQUISITIONS 149

14 COMPANY PROFILES 151 (Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
14.1 INTRODUCTION 151
14.2 TEIJIN LIMITED 152
14.3 TORAY INDUSTRIES 156
14.4 OWENS CORNING 160
14.5 PPG INDUSTRIES INC. 166
14.6 HUNTSMAN CORPORATION 170
14.7 CYTEC INDUSTRIES (SOLVAY S.A.) 173
14.8 SGL GROUP 177
14.9 HEXCEL CORPORATION 180
14.10 MOMENTIVE PERFORMANCE MATERIALS, INC. 183
14.11 E. I. DU PONT NEMOURS & CO. 185
14.12 COMPAGNIE DE SAINT-GOBAIN 187
14.13 WEYERHAEUSER COMPANY 190
14.14 CHONGQING POLYCOMP INTERNATIONAL CORPORATION 192
14.15 JUSHI GROUP CO. LTD. 194

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.

15 APPENDIX 196
15.1 INSIGHTS FROM INDUSTRY EXPERTS 196
15.2 DISCUSSION GUIDE 197
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 199
15.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 201
15.5 AVAILABLE CUSTOMIZATIONS 201
15.6 RELATED REPORTS 202

LIST OF TABLES

TABLE 1 COMPOSITES MARKET SIZE (VOLUME & VALUE), 2016–2021 29
TABLE 2 EU: CO2 EMISSIONS STANDARDS FOR NEW PASSENGER CARS, (G/KM) 46
TABLE 3 IMPACT ANALYSIS OF DRIVERS 47
TABLE 4 IMPACT ANALYSIS OF RESTRAINTS 48
TABLE 5 IMPACT ANALYSIS OF OPPORTUNITIES 50
TABLE 6 IMPACT ANALYSIS OF CHALLENGES 50
TABLE 7 PROPERTIES OF RESINS: THERMOSETTING V/S THERMOPLASTIC RESINS 54
TABLE 8 TRENDS AND FORECAST OF GDP, USD BILLION (2015–2021) 60
TABLE 9 PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND, 2015 62
TABLE 10 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP IN NORTH AMERICA, USD BILLION (2014–2021) 64
TABLE 11 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP IN EUROPE, USD BILLION (2014–2021) 65
TABLE 12 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP IN ASIA-PACIFIC, USD BILLION (2014–2021) 66
TABLE 13 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP IN ME&A, USD BILLION (2014–2021) 67
TABLE 14 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP IN LATIN AMERICA, USD BILLION (2014–2021) 68
TABLE 15 WIND ENERGY INSTALLATION, MW (2011–2015) 69
TABLE 16 MARKET OF NEW AIRPLANES, 2014 71
TABLE 17 AUTOMOTIVE PRODUCTION, MILLION UNITS (2011-2015) 72
TABLE 18 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2014–2021 (USD MILLION) 75
TABLE 19 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2014–2021 (KILOTON) 76
TABLE 20 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 78
TABLE 21 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 78
TABLE 22 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 79
TABLE 23 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 81
TABLE 24 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 82
TABLE 25 OTHERS FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 83
TABLE 26 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2014–2021 (USD MILLION) 85
TABLE 27 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2014–2021 (KILOTON) 86
TABLE 28 THERMOSETTING COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 86
TABLE 29 THERMOSETTING COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 87
TABLE 30 THERMOPLASTICS COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 89
TABLE 31 THERMOPLASTICS COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 90
TABLE 32 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (USD MILLION) 92
TABLE 33 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (KILOTON) 93
TABLE 34 LAYUP PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 94
TABLE 35 LAYUP PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 94
TABLE 36 FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 95
TABLE 37 FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 95
TABLE 38 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 96
TABLE 39 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 97
TABLE 40 PULTRUSION PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 98
TABLE 41 PULTRUSION PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 98
TABLE 42 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 99
TABLE 43 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 99
TABLE 44 RTM PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 100
TABLE 45 RTM PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 101
TABLE 46 OTHER PROCESSES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 101
TABLE 47 OTHER PROCESSES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 102
TABLE 48 COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2021 (USD MILLION) 104
TABLE 49 COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2021 (KILOTON) 105
TABLE 50 COMPOSITES MARKET SIZE IN TRANSPORTATION APPLICATION, BY REGION, 2014–2021 (USD MILLION) 106
TABLE 51 COMPOSITES MARKET SIZE IN TRANSPORTATION APPLICATION, BY REGION, 2014–2021 (KILOTON) 106
TABLE 52 DEMAND FOR NEW AIRPLANES, BY REGION, 2015 TO 2034 107
TABLE 53 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE APPLICATION, BY REGION, 2014–2021 (USD MILLION) 108
TABLE 54 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE APPLICATION, BY REGION, 2014–2021 (KILOTON) 109
TABLE 55 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2014–2021 (USD MILLION) 109
TABLE 56 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2014–2021 (KILOTON) 110
TABLE 57 GERMANY: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW) 110
TABLE 58 FRANCE: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW) 111
TABLE 59 U.K.: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW) 111
TABLE 60 ASIA-PACIFIC: ANNUAL WIND ENERGY INSTALLATIONS, 2015 (MW) 111
TABLE 61 COMPOSITES MARKET SIZE IN WIND ENERGY APPLICATION, BY REGION, 2014–2021 (USD MILLION) 112
TABLE 62 COMPOSITES MARKET SIZE IN WIND ENERGY APPLICATION, BY REGION, 2014–2021 (KILOTON) 113
TABLE 63 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY REGION, 2014–2021 (USD MILLION) 113
TABLE 64 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY REGION, 2014–2021 (KILOTON) 114
TABLE 65 COMPOSITES MARKET SIZE IN PIPES & TANKS APPLICATION, BY REGION, 2014–2021 (USD MILLION) 114
TABLE 66 COMPOSITES MARKET SIZE IN PIPES & TANKS APPLICATION, BY REGION, 2014–2021 (KILOTON) 115
TABLE 67 COMPOSITES MARKET SIZE IN MARINE APPLICATION, BY REGION, 2014–2021 (USD MILLION) 116
TABLE 68 COMPOSITES MARKET SIZE IN MARINE APPLICATION, BY REGION, 2014–2021 (KILOTON) 116
TABLE 69 COMPOSITES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014–2021 (USD MILLION) 117
TABLE 70 COMPOSITES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014–2021 (KILOTON) 117
TABLE 71 COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 120
TABLE 72 COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 120
TABLE 73 NORTH AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 122
TABLE 74 NORTH AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 123
TABLE 75 EUROPE: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 128
TABLE 76 EUROPE: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 129
TABLE 77 ASIA-PACIFIC: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 133
TABLE 78 ASIA-PACIFIC: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 133
TABLE 79 ME&A: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 135
TABLE 80 ME&A: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 136
TABLE 81 LATIN AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 137
TABLE 82 LATIN AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 137
TABLE 83 INVESTMENTS & EXPANSIONS, 2012-2016 142
TABLE 84 AGREEMENTS & PARTNERSHIPS, 2012-2016 145
TABLE 85 NEW PRODUCT LAUNCH, 2012-2016 147
TABLE 86 MERGERS & ACQUISITIONS, 2012-2016 149

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 24
FIGURE 5 DATA TRIANGULATION METHODOLOGY 26
FIGURE 6 AEROSPACE & DEFENSE SET TO DRIVE THE COMPOSITES MARKET BETWEEN 2016 AND 2021 30
FIGURE 7 ASIA-PACIFIC DOMINATED COMPOSITES MARKET IN 2015 31
FIGURE 8 LAYUP MANUFACTURING PROCESS IS PREFERRED FOR COMPOSITES 32
FIGURE 9 GLASS FIBER DOMINATE COMPOSITES MARKET (2016-2021) 33
FIGURE 10 ATTRACTIVE OPPORTUNITIES FOR MARKET PLAYERS 34
FIGURE 11 LAYUP PROCESS HIGHLY PREFERRED BY COMPOSITE MANUFACTURERS 35
FIGURE 12 ASIA-PACIFIC IS THE LARGEST MARKET FOR COMPOSITES 36
FIGURE 13 GERMANY TO BE THE FASTEST-GROWING MARKET, 2016–2021 37
FIGURE 14 THERMOSETTING COMPOSITES TO HAVE THE LARGEST MARKET SHARE (2016–2021) 38
FIGURE 15 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE IN MOST OF THE APPLICATIONS IN 2015 39
FIGURE 16 DEVELOPMENT AND COMMERCIALIZATION OF COMPOSITES FOR INDUSTRY APPLICATIONS 41
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE COMPOSITES MARKET 45
FIGURE 18 VALUE CHAIN ANALYSIS: MAXIMUM VALUE IS ADDED DURING COMPOSITE DESIGN AND COMPOSITE PROCESSING PHASES 53
FIGURE 19 RAW MATERIAL ANALYSIS OF CARBON FIBER COMPOSITES 55
FIGURE 20 RAW MATERIAL ANALYSIS OF ARAMID FIBER COMPOSITES 55
FIGURE 21 PORTER’S FIVE FORCES: INTENSITY OF RIVALRY IS HIGH DUE TO PRESENCE OF FEW PLAYERS 56
FIGURE 22 TRENDS AND FORECAST OF GDP, USD BILLION (2016–2021) 61
FIGURE 23 PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND 63
FIGURE 24 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY CONTRIBUTION TO GDP IN NORTH AMERICA, USD BILLION, 2015 VS. 2021 64
FIGURE 25 CONSTRUCTION INDUSTRY IN U.K. CONTRIBUTE THE MAXIMUM TO THE GDP IN EUROPE, USD BILLION, 2015 VS. 2021 65
FIGURE 26 CONSTRUCTION INDUSTRY IN CHINA CONTRIBUTE THE MAXIMUM TO THE GDP IN ASIA-PACIFIC, USD BILLION, 2015 VS. 2021 66
FIGURE 27 CONSTRUCTION INDUSTRY IN SAUDI ARABIA CONTRIBUTE THE MAXIMUM TO THE GDP IN ME & A, USD BILLION, 2015 VS. 2021 67
FIGURE 28 CONSTRUCTION INDUSTRY IN BRAZIL CONTRIBUTE THE MAXIMUM TO THE GDP IN LATIN AMERICA, USD BILLION, 2015 VS. 2021. 68
FIGURE 29 WIND ENERGY INSTALLED CAPACITY, MW (2014–2015) 70
FIGURE 30 NEW AIRPLANES DELIVERIES, BY REGION, 2014 71
FIGURE 31 AUTOMOTIVE PRODUCTION IN KEY COUNTRIES, MILLION UNITS (2011 VS. 2015) 73
FIGURE 32 GLASS FIBER COMPOSITES TO DOMINATE THE COMPOSITES MARKET 76
FIGURE 33 ASIA-PACIFIC TO DOMINATE THE GLASS FIBER COMPOSITES MARKET 80
FIGURE 34 THERMOPLASTIC COMPOSITES TO GROW AT A HIGH RATE 85
FIGURE 35 ASIA-PACIFIC TO DRIVE THE THERMOPLASTIC COMPOSITES MARKET 88
FIGURE 36 LAYUP MANUFACTURING PROCESS TO DOMINATE THE COMPOSITE MARKET FOR NEXT FIVE YEARS 92
FIGURE 37 ASIA-PACIFIC TO DRIVE THE COMPOSITES MARKET FOR INJECTION MOLDING PROCESS IN THE NEXT FIVE YEARS 97
FIGURE 38 RTM PROCESS TO WITNESS HIGHEST GROWTH IN ASIA-PACIFIC DURING THE NEXT FIVE YEARS 100
FIGURE 39 AEROSPACE & DEFENSE INDUSTRY TO OUTPACE OTHER APPLICATIONS OF COMPOSITES 105
FIGURE 40 NORTH AMERICA TO DOMINATE THE COMPOSITES MARKET IN THE AEROSPACE & DEFENSE INDUSTRY 108
FIGURE 41 ASIA-PACIFIC COMPOSITES MARKET IN WIND ENERGY APPLICATION IS EXPECTED TO GROW AT A HIGH RATE 112
FIGURE 42 BRAZIL TO DRIVE THE COMPOSITES MARKET 119
FIGURE 43 THE U.S. IS THE MOST LUCRATIVE MARKET IN NORTH AMERICA 124
FIGURE 44 GERMANY IS THE FASTEST-GROWING COMPOSITES MARKET IN EUROPE 130
FIGURE 45 CHINA IS THE KEY COMPOSITES MARKET IN ASIA-PACIFIC 134
FIGURE 46 KEY COMPANIES PREFERRED INVESTMENTS & EXPANSIONS AND NEW PRODUCT LAUNCHES BETWEEN 2012 AND 2016 138
FIGURE 47 INVESTMENTS & EXPANSIONS: MOST PREFERRED STRATEGY 140
FIGURE 48 OWENS CORNING RECORDED FOR MAXIMUM NUMBER OF PRODUCT LAUNCHES BETWEEN 2012 AND 2016 141
FIGURE 49 REGIONAL REVENUE MIX OF TOP 5 MARKET PLAYERS 151
FIGURE 50 TEIJIN LIMITED: COMPANY SNAPSHOT 152
FIGURE 51 TEIJIN LIMITED: SWOT ANALYSIS 154
FIGURE 52 TORAY INDUSTRIES: COMPANY SNAPSHOT 156
FIGURE 53 TORAY INDUSTRIES: SWOT ANALYSIS 159
FIGURE 54 OWENS CORNING: COMPANY SNAPSHOT 160
FIGURE 55 OWENS CORNING: SWOT ANALYSIS 165
FIGURE 56 PPG INDUSTRIES: COMPANY SNAPSHOT 166
FIGURE 57 PPG INDUSTRIES: SWOT ANALYSIS 169
FIGURE 58 HUNTSMAN CORPORATION: COMPANY SNAPSHOT 170
FIGURE 59 HUNTSMAN CORPORATION: SWOT ANALYSIS 172
FIGURE 60 CYTEC INDUSTRIES: COMPANY SNAPSHOT 173
FIGURE 61 CYTEC INDUSTRIES: SWOT ANALYSIS 176
FIGURE 62 SGL GROUP: COMPANY SNAPSHOT 177
FIGURE 63 SGL GROUP: SWOT ANALYSIS 179
FIGURE 64 HEXCEL CORPORATION: COMPANY SNAPSHOT 180
FIGURE 65 MOMENTIVE PERFORMANCE MATERIALS: COMPANY SNAPSHOT 183
FIGURE 66 E. I. DU PONT NEMOURS & CO.: COMPANY SNAPSHOT 185
FIGURE 67 SAINT-GOBAIN: COMPANY SNAPSHOT 187
FIGURE 68 WEYERHAEUSER: COMPANY SNAPSHOT 190


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