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

 Published On: May, 2016 |    No of Pages: 203 |  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 USER SEGMENT ACCOUNTED FOR 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 42
5.3.3 BY RESIN TYPE 43
5.3.4 BY APPLICATION 43
5.4 MARKET DYNAMICS 44
5.4.1 DRIVERS 45
5.4.1.1 Increasing demand for lightweight materials from transportation industry 45
5.4.1.2 Growing demand of wind energy as clean energy 46
5.4.1.3 Increasing use of composites by Boeing and Airbus 46
5.4.2 RESTRAINTS 47
5.4.2.1 Issues related to recycling 47
5.4.2.2 High processing and manufacturing cost 47
5.4.3 OPPORTUNITIES 48
5.4.3.1 Increasing demand from emerging economies 48
5.4.3.2 Growing adoption of natural composites 48
5.4.3.3 Growth of carbon fiber composites in new applications 48
5.4.4 CHALLENGES 49
5.4.4.1 High research and development cost 49
5.5 BURNING ISSUES 50
5.5.1 NEED FOR LOW-COST MATERIALS AND TECHNOLOGIES 50
5.6 WINNING IMPERATIVES 50
5.6.1 MASSIVE RESEARCH AND DEVELOPMENT EFFORTS AND RELATED COLLABORATIONS TO DEVELOP NEW PRODUCTS 50
5.6.2 NEW PRODUCTION CAPACITY EXPANSIONS 50

6 INDUSTRY TRENDS 51
6.1 INTRODUCTION 51
6.2 VALUE CHAIN ANALYSIS 52
6.3 RAW MATERIAL ANALYSIS 53
6.3.1 RAW MATERIAL ANALYSIS OF GLASS FIBER COMPOSITES 53
6.3.2 RAW MATERIAL ANALYSIS OF CARBON FIBER COMPOSITES 53
6.3.3 RAW MATERIAL ANALYSIS OF OTHER FIBER COMPOSITES 54
6.4 PORTER’S FIVE FORCES ANALYSIS 55
6.4.1 THREAT OF NEW ENTRANTS 56
6.4.2 THREAT OF SUBSTITUTES 56
6.4.3 BARGAINING POWER OF SUPPLIERS 57
6.4.4 BARGAINING POWER OF BUYERS 57
6.4.5 INTENSITY OF COMPETITIVE RIVALRY 58

7 MACRO ECONOMIC OVERVIEW AND KEY TRENDS 59
7.1 INTRODUCTION 59
7.2 TRENDS AND FORECAST OF GDP 59
7.3 PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND 61
7.4 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY 63
7.4.1 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN NORTH AMERICA 63
7.4.2 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN EUROPE 64
7.4.3 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN ASIA-PACIFIC 65
7.4.4 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN ME&A 66
7.4.5 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN LATIN AMERICA 67
7.5 TRENDS IN WIND ENERGY INDUSTRY 68
7.6 TRENDS IN AEROSPACE INDUSTRY 70
7.7 TRENDS IN AUTOMOTIVE INDUSTRY 71

8 COMPOSITES MARKET, BY FIBER TYPE 73
8.1 INTRODUCTION 74
8.2 CARBON FIBER COMPOSITES 76
8.3 GLASS FIBER COMPOSITES 78
8.4 OTHER FIBER COMPOSITES 81

9 COMPOSITES MARKET, BY RESIN TYPE 83
9.1 INTRODUCTION 84
9.2 THERMOSETTING COMPOSITES 85
9.2.1 THERMOSETTING COMPOSITES, BY REGION 85
9.3 THERMOPLASTIC COMPOSITES 87
9.3.1 THERMOPLASTIC COMPOSITES, BY REGION 88

10 COMPOSITES MARKET, BY MANUFACTURING PROCESS 90
10.1 INTRODUCTION 91
10.2 LAYUP PROCESS 93
10.3 FILAMENT WINDING PROCESS 94
10.4 INJECTION MOLDING PROCESS 95
10.5 PULTRUSION PROCESS 97
10.6 COMPRESSION MOLDING PROCESS 98
10.7 RESIN TRANSFER MOLDING PROCESS 99
10.8 OTHER PROCESSES 100

11 COMPOSITES MARKET, BY APPLICATION 102
11.1 INTRODUCTION 103
11.2 TRANSPORTATION 105
11.3 AEROSPACE & DEFENSE 106
11.4 ELECTRICAL & ELECTRONICS 108
11.5 WIND ENERGY 109
11.6 CONSTRUCTION & INFRASTRUCTURE 112
11.7 PIPES & TANKS 113
11.8 MARINE 114
11.9 OTHER APPLICATIONS 116

12 COMPOSITES MARKET, BY REGION 117
12.1 INTRODUCTION 118
12.2 NORTH AMERICA 120
12.2.1 U.S. 120
12.2.2 CANADA 121
12.3 EUROPE 124
12.3.1 GERMANY 124
12.3.2 FRANCE 124
12.3.3 U.K. 124
12.3.4 ITALY 124
12.3.5 AUSTRIA 125
12.3.6 NETHERLANDS 125
12.3.7 POLAND 125
12.3.8 SWEDEN 125
12.3.9 SPAIN 126
12.3.10 RUSSIA 126
12.3.11 TURKEY 126
12.4 ASIA-PACIFIC 130
12.4.1 CHINA 130
12.4.2 INDIA 130
12.4.3 JAPAN 130
12.4.4 KOREA 131
12.4.5 AUSTRALIA & NEW ZEALAND 131
12.4.6 MALAYSIA 131
12.4.7 THAILAND 132
12.5 MIDDLE EAST & AFRICA (ME&A) 134
12.5.1 UAE 134
12.5.2 SOUTH AFRICA 134
12.6 LATIN AMERICA 135
12.6.1 BRAZIL 135
12.6.2 MEXICO 135
12.6.3 ARGENTINA 136

13 COMPETITIVE LANDSCAPE 137
13.1 INTRODUCTION 137
13.2 COMPETITIVE SITUATIONS AND TRENDS 138
13.3 COMPETITIVE LANDSCAPE 141
13.3.1 INVESTMENTS & EXPANSIONS 141
13.3.2 AGREEMENTS & PARTNERSHIPS 144
13.3.3 NEW PRODUCT LAUNCH 146
13.3.4 MERGERS & ACQUISITIONS 148

14 COMPANY PROFILES 150 (Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
14.1 INTRODUCTION 150
14.2 TEIJIN LIMITED 151
14.3 TORAY INDUSTRIES 155
14.4 OWENS CORNING 159
14.5 PPG INDUSTRIES INC. 165
14.6 HUNTSMAN CORPORATION 169
14.7 CYTEC INDUSTRIES (SOLVAY S.A.) 172
14.8 SGL GROUP 176
14.9 HEXCEL CORPORATION 179
14.10 MOMENTIVE PERFORMANCE MATERIALS, INC. 182
14.11 E. I. DU PONT NEMOURS & CO. 184
14.12 COMPAGNIE DE SAINT-GOBAIN 186
14.13 WEYERHAEUSER COMPANY 189
14.14 CHONGQING POLYCOMP INTERNATIONAL CORPORATION 191
14.15 JUSHI GROUP CO. LTD. 193

*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 195
15.1 INSIGHTS FROM INDUSTRY EXPERTS 195
15.2 DISCUSSION GUIDE 196
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 198
15.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 200
15.5 AVAILABLE CUSTOMIZATIONS 200
15.6 RELATED REPORTS 201

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) 45
TABLE 3 IMPACT ANALYSIS OF DRIVERS 46
TABLE 4 IMPACT ANALYSIS OF RESTRAINTS 47
TABLE 5 IMPACT ANALYSIS OF OPPORTUNITIES 49
TABLE 6 IMPACT ANALYSIS OF CHALLENGES 49
TABLE 7 PROPERTIES OF RESINS: THERMOSETTING V/S THERMOPLASTIC RESINS 53
TABLE 8 TRENDS AND FORECAST OF GDP, USD BILLION (2015–2021) 59
TABLE 9 PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND, 2015 61
TABLE 10 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP IN NORTH AMERICA, USD BILLION (2014–2021) 63
TABLE 11 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP IN EUROPE, USD BILLION (2014–2021) 64
TABLE 12 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP IN ASIA-PACIFIC, USD BILLION (2014–2021) 65
TABLE 13 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP IN ME&A, USD BILLION (2014–2021) 66
TABLE 14 CONTRIBUTION OF CONSTRUCTION INDUSTRY TO GDP IN LATIN AMERICA, USD BILLION (2014–2021) 67
TABLE 15 WIND ENERGY INSTALLATION, MW (2011–2015) 68
TABLE 16 MARKET FOR NEW AIRPLANES, 2014 70
TABLE 17 AUTOMOTIVE PRODUCTION, MILLION UNITS (2011-2015) 71
TABLE 18 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2014–2021 (USD MILLION) 74
TABLE 19 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2014–2021 (KILOTON) 75
TABLE 20 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 77
TABLE 21 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 77
TABLE 22 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 78
TABLE 23 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 80
TABLE 24 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 81
TABLE 25 OTHERS FIBER COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 82
TABLE 26 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2014–2021 (USD MILLION) 84
TABLE 27 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2014–2021 (KILOTON) 85
TABLE 28 THERMOSETTING COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 85
TABLE 29 THERMOSETTING COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 86
TABLE 30 THERMOPLASTICS COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 88
TABLE 31 THERMOPLASTICS COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 89
TABLE 32 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (USD MILLION) 91
TABLE 33 COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2014–2021 (KILOTON) 92
TABLE 34 LAYUP PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 93
TABLE 35 LAYUP PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 93
TABLE 36 FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 94
TABLE 37 FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 94
TABLE 38 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 95
TABLE 39 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 96
TABLE 40 PULTRUSION PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 97
TABLE 41 PULTRUSION PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 97
TABLE 42 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 98
TABLE 43 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 98
TABLE 44 RTM PROCESS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 99
TABLE 45 RTM PROCESS MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 100
TABLE 46 OTHER PROCESSES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 100
TABLE 47 OTHER PROCESSES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 101
TABLE 48 COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2021 (USD MILLION) 103
TABLE 49 COMPOSITES MARKET SIZE, BY APPLICATION, 2014–2021 (KILOTON) 104
TABLE 50 COMPOSITES MARKET SIZE IN TRANSPORTATION APPLICATION, BY REGION, 2014–2021 (USD MILLION) 105
TABLE 51 COMPOSITES MARKET SIZE IN TRANSPORTATION APPLICATION, BY REGION, 2014–2021 (KILOTON) 105
TABLE 52 DEMAND FOR NEW AIRPLANES, BY REGION, 2015 TO 2034 106
TABLE 53 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE APPLICATION, BY REGION, 2014–2021 (USD MILLION) 107
TABLE 54 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE APPLICATION, BY REGION, 2014–2021 (KILOTON) 108
TABLE 55 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2014–2021 (USD MILLION) 108
TABLE 56 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2014–2021 (KILOTON) 109
TABLE 57 GERMANY: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW) 109
TABLE 58 FRANCE: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW) 110
TABLE 59 U.K.: ANNUAL WIND ENERGY INSTALLATIONS, 2012–2015 (MW) 110
TABLE 60 ASIA-PACIFIC: ANNUAL WIND ENERGY INSTALLATIONS, 2015 (MW) 110
TABLE 61 COMPOSITES MARKET SIZE IN WIND ENERGY APPLICATION, BY REGION, 2014–2021 (USD MILLION) 111
TABLE 62 COMPOSITES MARKET SIZE IN WIND ENERGY APPLICATION, BY REGION, 2014–2021 (KILOTON) 112
TABLE 63 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY REGION, 2014–2021 (USD MILLION) 112
TABLE 64 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY REGION, 2014–2021 (KILOTON) 113
TABLE 65 COMPOSITES MARKET SIZE IN PIPES & TANKS APPLICATION, BY REGION, 2014–2021 (USD MILLION) 113
TABLE 66 COMPOSITES MARKET SIZE IN PIPES & TANKS APPLICATION, BY REGION, 2014–2021 (KILOTON) 114
TABLE 67 COMPOSITES MARKET SIZE IN MARINE APPLICATION, BY REGION, 2014–2021 (USD MILLION) 115
TABLE 68 COMPOSITES MARKET SIZE IN MARINE APPLICATION, BY REGION, 2014–2021 (KILOTON) 115
TABLE 69 COMPOSITES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014–2021 (USD MILLION) 116
TABLE 70 COMPOSITES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014–2021 (KILOTON) 116
TABLE 71 COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 119
TABLE 72 COMPOSITES MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 119
TABLE 73 NORTH AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 121
TABLE 74 NORTH AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 122
TABLE 75 EUROPE: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 127
TABLE 76 EUROPE: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 128
TABLE 77 ASIA-PACIFIC: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 132
TABLE 78 ASIA-PACIFIC: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 132
TABLE 79 ME&A: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 134
TABLE 80 ME&A: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 135
TABLE 81 LATIN AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 136
TABLE 82 LATIN AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 136
TABLE 83 INVESTMENTS & EXPANSIONS, 2012-2016 141
TABLE 84 AGREEMENTS & PARTNERSHIPS, 2012-2016 144
TABLE 85 NEW PRODUCT LAUNCH, 2012-2016 146
TABLE 86 MERGERS & ACQUISITIONS, 2012-2016 148

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 COMPOSITES MARKET BETWEEN 2016 AND 2021 30
FIGURE 7 ASIA-PACIFIC DOMINATED COMPOSITES MARKET IN 2015 31
FIGURE 8 LAYUP MANUFACTURING PROCESS PREFERRED FOR COMPOSITES 32
FIGURE 9 GLASS FIBER DOMINATES 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 FASTEST-GROWING MARKET, 2016–2021 37
FIGURE 14 THERMOSETTING COMPOSITES TO HAVE LARGEST MARKET SHARE (2016–2021) 38
FIGURE 15 NORTH AMERICA HAD LARGEST SHARE IN MOST APPLICATIONS IN 2015 39
FIGURE 16 DEVELOPMENT AND COMMERCIALIZATION OF COMPOSITES FOR INDUSTRY APPLICATIONS 41
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN COMPOSITES MARKET 44
FIGURE 18 VALUE CHAIN ANALYSIS: MAXIMUM VALUE ADDED DURING COMPOSITE DESIGN AND COMPOSITE PROCESSING PHASES 52
FIGURE 19 RAW MATERIAL ANALYSIS OF CARBON FIBER COMPOSITES 54
FIGURE 20 RAW MATERIAL ANALYSIS OF ARAMID FIBER COMPOSITES 54
FIGURE 21 PORTER’S FIVE FORCES: INTENSITY OF RIVALRY IS HIGH DUE TO PRESENCE OF FEW PLAYERS 55
FIGURE 22 TRENDS AND FORECAST OF GDP, USD BILLION (2016–2021) 60
FIGURE 23 PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND 62
FIGURE 24 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY CONTRIBUTION TO GDP IN NORTH AMERICA, USD BILLION, 2015 VS. 2021 63
FIGURE 25 CONSTRUCTION INDUSTRY IN U.K. CONTRIBUTES MOST TO GDP IN EUROPE, USD BILLION, 2015 VS. 2021 64
FIGURE 26 CONSTRUCTION INDUSTRY IN CHINA CONTRIBUTES THE MOST TO GDP IN ASIA-PACIFIC, USD BILLION, 2015 VS. 2021 65
FIGURE 27 CONSTRUCTION INDUSTRY IN SAUDI ARABIA CONTRIBUTE THE MOST TO GDP IN ME&A, USD BILLION, 2015 VS. 2021 66
FIGURE 28 CONSTRUCTION INDUSTRY IN BRAZIL CONTRIBUTE THE MOST TO GDP IN LATIN AMERICA, USD BILLION, 2015 VS. 2021. 67
FIGURE 29 WIND ENERGY INSTALLED CAPACITY, MW (2014–2015) 69
FIGURE 30 NEW AIRPLANES DELIVERIES, BY REGION, 2014 70
FIGURE 31 AUTOMOTIVE PRODUCTION IN KEY COUNTRIES, MILLION UNITS (2011 VS. 2015) 72
FIGURE 32 GLASS FIBER COMPOSITES TO DOMINATE THE COMPOSITES MARKET 75
FIGURE 33 ASIA-PACIFIC TO DOMINATE GLASS FIBER COMPOSITES MARKET 79
FIGURE 34 THERMOPLASTIC COMPOSITES TO GROW AT A HIGH RATE 84
FIGURE 35 ASIA-PACIFIC TO DRIVE THE THERMOPLASTIC COMPOSITES MARKET 87
FIGURE 36 LAYUP MANUFACTURING PROCESS TO DOMINATE COMPOSITE MARKET IN NEXT FIVE YEARS 91
FIGURE 37 ASIA-PACIFIC TO DRIVE COMPOSITES MARKET FOR INJECTION MOLDING PROCESS IN NEXT FIVE YEARS 96
FIGURE 38 RTM PROCESS TO SEE HIGHEST GROWTH IN ASIA-PACIFIC DURING NEXT FIVE YEARS 99
FIGURE 39 AEROSPACE & DEFENSE INDUSTRY TO OUTPACE OTHER END-USER SEGMENTS 104
FIGURE 40 NORTH AMERICA TO DOMINATE COMPOSITES MARKET IN AEROSPACE & DEFENSE INDUSTRY 107
FIGURE 41 ASIA-PACIFIC COMPOSITES MARKET IN WIND ENERGY EXPECTED TO GROW AT A HIGH RATE 111
FIGURE 42 BRAZIL TO DRIVE COMPOSITES MARKET 118
FIGURE 43 U.S. MOST LUCRATIVE MARKET IN NORTH AMERICA 123
FIGURE 44 GERMANY FASTEST-GROWING COMPOSITES MARKET IN EUROPE 129
FIGURE 45 CHINA KEY COMPOSITES MARKET IN ASIA-PACIFIC 133
FIGURE 46 KEY COMPANIES PREFERRED INVESTMENTS & EXPANSIONS AND NEW PRODUCT LAUNCHES BETWEEN 2012 AND 2016 137
FIGURE 47 INVESTMENTS & EXPANSIONS: MOST PREFERRED STRATEGY 139
FIGURE 48 OWENS CORNING RECORDED MAXIMUM NUMBER OF PRODUCT LAUNCHES BETWEEN 2012 AND 2016 140
FIGURE 49 REGIONAL REVENUE MIX OF TOP 5 MARKET PLAYERS 150
FIGURE 50 TEIJIN LIMITED: COMPANY SNAPSHOT 151
FIGURE 51 TEIJIN LIMITED: SWOT ANALYSIS 153
FIGURE 52 TORAY INDUSTRIES: COMPANY SNAPSHOT 155
FIGURE 53 TORAY INDUSTRIES: SWOT ANALYSIS 158
FIGURE 54 OWENS CORNING: COMPANY SNAPSHOT 159
FIGURE 55 OWENS CORNING: SWOT ANALYSIS 164
FIGURE 56 PPG INDUSTRIES: COMPANY SNAPSHOT 165
FIGURE 57 PPG INDUSTRIES: SWOT ANALYSIS 167
FIGURE 58 HUNTSMAN CORPORATION: COMPANY SNAPSHOT 169
FIGURE 59 HUNTSMAN CORPORATION: SWOT ANALYSIS 171
FIGURE 60 CYTEC INDUSTRIES: COMPANY SNAPSHOT 172
FIGURE 61 CYTEC INDUSTRIES: SWOT ANALYSIS 175
FIGURE 62 SGL GROUP: COMPANY SNAPSHOT 176
FIGURE 63 SGL GROUP: SWOT ANALYSIS 178
FIGURE 64 HEXCEL CORPORATION: COMPANY SNAPSHOT 179
FIGURE 65 MOMENTIVE PERFORMANCE MATERIALS: COMPANY SNAPSHOT 182
FIGURE 66 E. I. DU PONT NEMOURS & CO.: COMPANY SNAPSHOT 184
FIGURE 67 SAINT-GOBAIN: COMPANY SNAPSHOT 186
FIGURE 68 WEYERHAEUSER: COMPANY SNAPSHOT 189

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