High-performance Composites Market Research Report – Global Forecast till 2027

High-performance Composites Market - Information by Material (Resins, Fibers), Application (Automotive, Aerospace, Consumer Goods, Construction, Electronic, Energy, Others) and Region (North America, Asia-Pacific, Europe, Latin America) Forecast till 2027

ID: MRFR/CnM/5938-HCR | February 2021 | Region: Global | 140 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


High performance composites are produced from reinforcement and matrix. The reinforcement comprises of fillers, fibers, and particles. It has an excellent tensile strength, stiffness, wear & corrosion resistance, thermal conductivity, and light weight. Carbon and glass fiber reinforced plastic based composite materials have been used in aerospace applications such as on engine blades, wide body wings, single aisle wings, nacelles, brackets, and rotors. These composites are replacing metal components in aerospace application owing to its light weight and excellent stiffness properties, which is expected to drive the global high-performance composites market during the forecast period.


The global high-performance composites market was valued at USD 21.93 Billion in 2016 with an expected CAGR of 6.20% owing to widespread adoption in motor vehicles, luxury car, military aircrafts, wind turbines, and pipes & gas tanks application. Further, government and manufacturers are partnering to accelerate technological advancement and economic feasibility of high-performance composite. Hence, increase in demand for light weight composite in aerospace and automotive industries is driving the market growth during the forecast period.


Global High-performance Composites Market Share, by Application, 2017 (%)


High-performance Composites Market


Source: MRFR analysis


Regional Analysis


Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five regions studied for the global high-performance composites market. In 2017, North America accounted for the largest share of this market owing to the trend of new automotive materials introduced in the region to decrease vehicles crash, noise, and cost as well as to increase vehicle’s fuel efficiency. New manufacturing technique coupled with extensive research and development activities in the US are propelling market demand.


Asia-Pacific is projected to be the fastest-growing region in the global high-performance composites market during the review period. Surging high-performance composites demand in the aerospace and consumer good applications is expected driver of market growth. Automotive is an emerging industry in China and India and the increasing application of light-weight high-performance composites in automotive industry is a key factor driving Asia-Pacific market growth.


In the Middle East & Africa and Latin America, the market is projected to witness steady growth due to rise in demand for high performance composites in energy, construction, and electronics application during the assessment period.


Market Segmentation


The global high-performance composites market has been segmented on the basis of material, application, and region. Based on material, the global high-performance composites market has been segregated into resins and fibres. The resins include both thermoset and thermoplastic composite such as polyester, epoxy, cyanate ester, phenolics, polyphenylene sulphide, and others. Fiber market comprises of aramid fiber, s-glass fiber, carbon fiber, and others.


By application, the global high-performance composites market is divided into energy, electronic, automotive, construction, aerospace, consumer goods, and others. Further the global high-performance composites market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


Some of the prominent players in the global high-performance composites market are BASF SE (Germany), SABIC (Saudi Arabia), Solvay (Belgium), Owens Corning (US), TPI Composites (US), Huntsman International LLC (US), TEIJIN LIMITED (Japan), SGL Group (Germany), Hexcel Corporation (US), Albany International Corporation (US), TORAY INDUSTRIES, INC. (Japan), Arkema (France), 3M (US), ARGOSY INTERNATIONAL (US) and Northrop Grumman Corporation (US).


Intended Audience



  • High-performance composites manufacturers

  • Traders and distributors of high-performance composite

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Frequently Asked Questions (FAQ) :


The high-performance composite market is projected to grow at a 6.20% CAGR between 2018-2023.

It is widely used in energy, electronic, construction, consumer goods, aerospace, and automotive sectors.

North America will dominate the high-performance composite market.

Demand for lightweight composites in automotive and aerospace industries are boosting market growth.

Different strategies incorporated by industry players to create a foothold in the high-performance composite market include joint ventures, strategic alliances, and product launch.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

4.1.4 Applications

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Industry Overview of High-Performance Composites Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global High-Performance Composites Market, by Material

7.1 Introduction

7.2 Resins

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Fibers

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global High-Performance Composites Market, by Application

8.1 Introduction

8.2 Automotive

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Aerospace

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Consumer Goods

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Construction

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

8.6 Electronics

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, by Region, 2020–2027

8.7 Energy

8.7.1 Market Estimates & Forecast, 2020–2027

8.7.2 Market Estimates & Forecast, by Region, 2020–2027

8.8 Others

8.8.1 Market Estimates & Forecast, 2020–2027

8.8.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global High-Performance Composites Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast by Materials, 2020–2027

9.2.5 Market Estimates & Forecast by Application, 2020–2027

9.2.6 US

9.2.6.1 Market Estimates & Forecast, 2020–2027

9.2.6.2 Market Estimates & Forecast by Materials 2020–2027

9.2.6.5 Market Estimates & Forecast by Application, 2020–2027

9.2.7 Canada

9.2.7.1 Market Estimates & Forecast, 2020–2027

9.2.7.2 Market Estimates & Forecast by Materials, 2020–2027

9.2.7.5 Market Estimates & Forecast by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast by Materials, 2020–2027

9.3.5 Market Estimates & Forecast by Application, 2020–2027

9.3.6 Germany

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast by Materials, 2020–2027

9.3.6.5 Market Estimates & Forecast by Application, 2020–2027

9.3.7. France

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast by Materials, 2020–2027

9.3.7.5 Market Estimates & Forecast by Application, 2020–2027

9.3.8 Italy

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast by Materials, 2020–2027

9.3.8.5 Market Estimates & Forecast by Application, 2020–2027

9.3.9 Spain

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast by Materials, 2020–2027

9.3.9.5 Market Estimates & Forecast by Application, 2020–2027

9.3.10 UK

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast by Materials, 2020–2027

9.3.10.5 Market Estimates & Forecast by Application, 2020–2027

9.3.9 The Netherlands

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast by Materials, 2020–2027

9.3.9.5 Market Estimates & Forecast by Application, 2020–2027

9.3.12 Russia

9.3.12.1 Market Estimates & Forecast, 2020–2027

9.3.12.2 Market Estimates & Forecast by Materials, 2020–2027

9.3.12.5 Market Estimates & Forecast by Application, 2020–2027

9.3.13. Rest of Europe

9.3.12.1 Market Estimates & Forecast, 2020–2027

9.3.12.2 Market Estimates & Forecast by Materials, 2020–2027

9.3.12.5 Market Estimates & Forecast by Application, 2020–2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast by Materials, 2020–2027

9.4.5 Market Estimates & Forecast by Application, 2020–2027

9.4.6 China

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast by Materials, 2020–2027

9.4.6.5 Market Estimates & Forecast by Application, 2020–2027

9.4.7 India

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast by Materials, 2020–2027

9.4.7.5 Market Estimates & Forecast by Application, 2020–2027

9.4.8 Japan

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast by Materials, 2020–2027

9.4.8.5 Market Estimates & Forecast by Application, 2020–2027

9.4.9 Australia

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast by Materials, 2020–2027

9.4.9.5 Market Estimates & Forecast by Application, 2020–2027

9.4.10 New Zealand

9.4.10.1 Market Estimates & Forecast, 2020–2027

9.4.10.2 Market Estimates & Forecast by Materials, 2020–2027

9.4.10.5Market Estimates & Forecast by Application, 2020–2027

9.4.11 South Korea

9.4.10.1 Market Estimates & Forecast, 2020–2027

9.4.10.2 Market Estimates & Forecast by Materials, 2020–2027

9.4.10.5Market Estimates & Forecast by Application, 2020–2027

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast by Materials, 2020–2027

9.4.9.5 Market Estimates & Forecast by Application, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast by Materials, 2020–2027

9.5.5 Market Estimates & Forecast by Application, 2020–2027

9.5.6 Saudi Arabia

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast by Materials, 2020–2027

9.5.6.5 Market Estimates & Forecast by Application, 2020–2027

9.5.7 UAE

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast by Materials, 2020–2027

9.5.7.5 Market Estimates & Forecast by Application, 2020–2027

9.5.8 South Africa

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast by Materials, 2020–2027

9.5.8.5Market Estimates & Forecast by Application, 2020–2027

9.5.9 Rest of the Middle East & Africa

9.5.9. Market Estimates & Forecast, 2020–2027

9.5.9. Market Estimates & Forecast by Materials, 2020–2027

9.5.9. Market Estimates & Forecast by Application, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast by Materials, 2020–2027

9.6.5 Market Estimates & Forecast by Application, 2020–2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020–2027

9.6.4.2 Market Estimates & Forecast by Materials, 2020–2027

9.6.4.5 Market Estimates & Forecast by Application, 2020–2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast by Materials, 2020–2027

9.6.5.5 Market Estimates & Forecast by Application, 2020–2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast by Materials, 2020–2027

9.6.6.5 Market Estimates & Forecast by Application, 2020–2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast by Materials, 2020–2027

9.6.7.5 Market Estimates & Forecast by Application, 2020–2027

10. Competitive Landscape

10.1 Introduction

10.2 Market Key Strategies

10.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

11. Company Profiles

11.1 SABIC

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Materials/Business Segment Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategies

11.2 BASF SE

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Materials/Business Segment Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategies

11.3 Solvay

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Materials/Business Segment Overview

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategies

11.4 Owens Corning

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Materials/Business Segment Overview

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategies

11.5 TPI Composites

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Materials/Business Segment Overview

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategies

11.6 Huntsman International LLC

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Materials/Business Segment Overview

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Key Strategies

11.7 TEIJIN LIMITED

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Materials/Business Segment Overview

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategies

11.8 SGL Group

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Materials/Business Segment Overview

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategies

11.9 Hexcel Corporation

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Materials/Business Segment Overview

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategies

11.10 Albany International Corporation

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Materials/Business Segment Overview

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Key Strategies

11.11 TORAY INDUSTRIES, INC.

11.11.1 Company Overview

11.11.2 Financial Updates

11.11.3 Materials/Business Segment Overview

11.11.4 Key Developments

11.11.5 SWOT Analysis

11.11.6 Key Strategies

11.12 Arkema

11.12.1 Company Overview

11.12.2 Financial Updates

11.12.3 Materials/Business Segment Overview

11.12.4 Key Developments

11.12.5 SWOT Analysis

11.12.6 Key Strategies

11.13 3M

11.13.1 Company Overview

11.13.2 Financial Updates

11.13.3 Materials/Business Segment Overview

11.13.4 Key Developments

11.13.5 SWOT Analysis

11.13.6 Key Strategies

11.14 ARGOSY INTERNATIONAL

11.14.1 Company Overview

11.14.2 Financial Updates

11.14.3 Materials/Business Segment Overview

11.14.4 Key Developments

11.14.5 SWOT Analysis

11.14.6 Key Strategies

11.15. Northrop Grumman Corporation

11.15.1 Company Overview

11.15.2 Financial Updates

11.15.3 Materials/Business Segment Overview

11.15.4 Key Developments

11.15.5 SWOT Analysis

11.15.6 Key Strategies

12. Conclusion

LIST OF TABLES

Table 1 Global High-Performance Composites Market, by Region, 2020–2027

Table 2 North America: High Performance Composites Market, by Country, 2020–2027

Table 3 Europe: High Performance Composites Market, by Country, 2020–2027

Table 4 Asia-Pacific: High Performance Composites Market, by Country, 2020–2027

Table 5 Middle East & Africa: High Performance Composites Market, by Country, 2020–2027

Table 6 Latin America: High Performance Composites Market, by Country, 2020–2027

Table 7 High Performance Composites Materials Market, by Region, 2020–2027

Table 8 North America: High Performance Composites Materials Market, by Country, 2020–2027

Table 9 Europe: High Performance Composites Materials Market, by Country, 2020–2027

Table 10 Asia-Pacific: High Performance Composites Materials Market, by Country, 2020–2027

Table 11 Middle East & Africa: High Performance Composites Materials Market, by Country, 2020–2027

Table 12 Latin America: High Performance Composites Materials Market, by Country, 2020–2027

Table 13 High Performance Composites Materials Market, by Region, 2020–2027

Table 14 North America: High Performance Composites Materials Market, by Country, 2020–2027

Table 15 Europe: High Performance Composites Materials Market, by Country, 2020–2027

Table 16 Asia-Pacific: High Performance Composites Materials Market, by Country, 2020–2027

Table 17 Middle East & Africa: High Performance Composites Materials Market, by Country, 2020–2027

Table 18 Latin America: High Performance Composites Materials Market, by Country, 2020–2027

Table 19 High Performance Composites Application Market, by Region, 2020–2027

Table 20 North America: High Performance Composites Application Market, by Country, 2020–2027

Table 21 Europe: High Performance Composites Application Market, by Country, 2020–2027

Table 22 Asia-Pacific: High Performance Composites Application Market, by Country, 2020–2027

Table 23 Middle East & Africa: High Performance Composites Application Market, by Country, 2020–2027

Table 24 Latin America: High Performance Composites Application Market, by Country, 2020–2027

Table 25 Global Materials Market, by Region, 2020–2027

Table 26 Global Application Market, by Region, 2020–2027

Table 27 North America: High Performance Composites Market, by Country, 2020–2027

Table 28 North America: High Performance Composites Market, by Materials, 2020–2027

Table 29 North America: High Performance Composites Market, by Application, 2020–2027

Table 30 Europe: High Performance Composites Market, by Country, 2020–2027

Table 31 Europe: High Performance Composites Market, by Materials, 2020–2027

Table 32 Europe: High Performance Composites Market, by Application, 2020–2027

Table 33 Asia-Pacific: High Performance Composites Market, by Country, 2020–2027

Table 34 Asia-Pacific: High Performance Composites Market, by Materials, 2020–2027

Table 35 Asia-Pacific: High Performance Composites Market, by Application, 2020–2027

Table 36 Middle East & Africa: High Performance Composites Market, by Country, 2020–2027

Table 37 Middle East & Africa: High Performance Composites Market, by Materials, 2020–2027

Table 38 Middle East & Africa: High Performance Composites Market, by Application, 2020–2027

Table 39 Latin America: High Performance Composites Market, by Country, 2020–2027

Table 40 Latin America: High Performance Composites Market, by Materials, 2020–2027

Table 41 Latin America: High Performance Composites Market, by Application, 2020–2027

LIST OF FIGURES

FIGURE 1 High Performance Composites Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of High-Performance Composites Market

FIGURE 4 Supply Chain of High-Performance Composites Market

FIGURE 5 Share of High-Performance Composites Market, by Country, 2020 (%)

FIGURE 6 Global High-Performance Composites Market, 2020–2027

FIGURE 7 Sub Segments of Materials

FIGURE 9 High Performance Composites Market size, by Materials, 2020 (%)

FIGURE 10 Share of High-Performance Composites Market, by Materials, 2020–2027

FIGURE 11 Sub Segments of Materials

FIGURE 17 Sub Segments of Application

FIGURE 18 High Performance Composites Market size, by Application, 2020 (%)

FIGURE 19 Share of High-Performance Composites Market, by Application, 2020–2027