Lucintel Forecasts Advance Composites Market To Reach $13 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the advance composites market is projected to reach an estimated $13 billion by 2030 from $9 billion in 2023 at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by increasing demand of lightweight materials in the aerospace & defense and automotive industry.
Browse 93 figures/charts and 79 tables in this 205-page report to understand trends, opportunities and forecast in advance composites market by application (aerospace and defense, wind energy, automotive, marine, construction, consumer goods, pressure vessels, and others), fiber type (carbon composites, s-glass composites and aramid composites), resin type (epoxy composites, phenolic composites, vinyl ester composites, other thermoset, thermoplastic composites), by end product (aerospace and defense, wind energy, transportation, marine, construction, consumer goods, pressure vessels, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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Lucintel forecasts that aerospace and defense will remain the largest ...
... application over the forecast period due to the increase penetration of composites in next generation commercial aircraft, like Boeing’s B787 and Airbus 380, regional aircraft such as Bombardier’s C Series, and general aviation aircraft such as Cirrus and Diamond.
Carbon composite will remain the largest segment over the forecast period due to its beneficial qualities of being lightweight while offering corrosion resistance and high tensile strength.
North America is expected to remain the largest region and APAC witness the highest growth over the forecast period.
Toray Industries Inc., Cytec Solvay Group, Owens Corning, AGY Holdings, E.I Du Pont de Nemours, and Teijin Aramid are the major supplier in the advance composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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