Composite Material Market - Global Outlook and Forecast 2022-2028

January 2022 | 66 pages | ID: C7FED29802E4EN
Market Monitor Global

Abstracts

A material made up of two or more constituent materials possessing varied physical or chemical properties and is different from individual components is known as a composite material. These composites are highly used in aerospace and defense, transportation, and wind energy applications. Hence, comprehensive testing is carried out on these materials with specific standards known as composite testing. Composite testing is widely used in aerospace & defense sector to evaluate the performance and structural applications. Major commercial aircraft manufacturers such as Airbus and Boeing have developed aircraft such as Airbus A350 and Boeing 787 that constitute almost 50% of the composites in their airframe structures. Aviation giants such as National Aeronautics and Space Administration (NASA) and SpaceX widely use composite testing due to resistance fatigue & corrosion and high stiffness-to-weight ratio.

This report contains market size and forecasts of Composite Material in Global, including the following market information:

Global Composite Material Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Composite Material market was valued at 903.9 million in 2021 and is projected to reach US$ 1073.5 million by 2028, at a CAGR of 2.5% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Polymer Matrix Composites Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Composite Material include Element Materials Technology, Henkel AG & CO, KGaA, Exova Group plc, Westmoreland Mechanical Testing & Research Inc, Instron, Matrix Composite Inc, ETIM Composites Testing Laboratory and Mistras Group Inc and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Composite Material companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Composite Material Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Composite Material Market Segment Percentages, by Type, 2021 (%)

• Polymer Matrix Composites
• Continuous Fiber Composites
• Ceramic Matrix Composites
• Discontinuous Fiber Composites
• Others

Global Composite Material Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Composite Material Market Segment Percentages, by Application, 2021 (%)

• Sporting Goods
• Aerospace & Defense
• Electrical & Electronics
• Wind Energy
• Building & Construction
• Transportation
• Others

Global Composite Material Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Composite Material Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Composite Material revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Composite Material revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Element Materials Technology
• Henkel AG & CO
• KGaA
• Exova Group plc
• Westmoreland Mechanical Testing & Research Inc
• Instron
• Matrix Composite Inc
• ETIM Composites Testing Laboratory
• Mistras Group Inc
• Intertek Group plc

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Composite Material Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Composite Material Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL COMPOSITE MATERIAL OVERALL MARKET SIZE

2.1 Global Composite Material Market Size: 2021 VS 2028
2.2 Global Composite Material Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Composite Material Players in Global Market
3.2 Top Global Composite Material Companies Ranked by Revenue
3.3 Global Composite Material Revenue by Companies
3.4 Top 3 and Top 5 Composite Material Companies in Global Market, by Revenue in 2021
3.5 Global Companies Composite Material Product Type
3.6 Tier 1, Tier 2 and Tier 3 Composite Material Players in Global Market
  3.6.1 List of Global Tier 1 Composite Material Companies
  3.6.2 List of Global Tier 2 and Tier 3 Composite Material Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Composite Material Market Size Markets, 2021 & 2028
  4.1.2 Polymer Matrix Composites
  4.1.3 Continuous Fiber Composites
  4.1.4 Ceramic Matrix Composites
  4.1.5 Discontinuous Fiber Composites
  4.1.6 Others
4.2 By Type - Global Composite Material Revenue & Forecasts
  4.2.1 By Type - Global Composite Material Revenue, 2017-2022
  4.2.2 By Type - Global Composite Material Revenue, 2023-2028
  4.2.3 By Type - Global Composite Material Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Composite Material Market Size, 2021 & 2028
  5.1.2 Sporting Goods
  5.1.3 Aerospace & Defense
  5.1.4 Electrical & Electronics
  5.1.5 Wind Energy
  5.1.6 Building & Construction
  5.1.7 Transportation
  5.1.8 Others
5.2 By Application - Global Composite Material Revenue & Forecasts
  5.2.1 By Application - Global Composite Material Revenue, 2017-2022
  5.2.2 By Application - Global Composite Material Revenue, 2023-2028
  5.2.3 By Application - Global Composite Material Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Composite Material Market Size, 2021 & 2028
6.2 By Region - Global Composite Material Revenue & Forecasts
  6.2.1 By Region - Global Composite Material Revenue, 2017-2022
  6.2.2 By Region - Global Composite Material Revenue, 2023-2028
  6.2.3 By Region - Global Composite Material Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Composite Material Revenue, 2017-2028
  6.3.2 US Composite Material Market Size, 2017-2028
  6.3.3 Canada Composite Material Market Size, 2017-2028
  6.3.4 Mexico Composite Material Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Composite Material Revenue, 2017-2028
  6.4.2 Germany Composite Material Market Size, 2017-2028
  6.4.3 France Composite Material Market Size, 2017-2028
  6.4.4 U.K. Composite Material Market Size, 2017-2028
  6.4.5 Italy Composite Material Market Size, 2017-2028
  6.4.6 Russia Composite Material Market Size, 2017-2028
  6.4.7 Nordic Countries Composite Material Market Size, 2017-2028
  6.4.8 Benelux Composite Material Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Composite Material Revenue, 2017-2028
  6.5.2 China Composite Material Market Size, 2017-2028
  6.5.3 Japan Composite Material Market Size, 2017-2028
  6.5.4 South Korea Composite Material Market Size, 2017-2028
  6.5.5 Southeast Asia Composite Material Market Size, 2017-2028
  6.5.6 India Composite Material Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Composite Material Revenue, 2017-2028
  6.6.2 Brazil Composite Material Market Size, 2017-2028
  6.6.3 Argentina Composite Material Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Composite Material Revenue, 2017-2028
  6.7.2 Turkey Composite Material Market Size, 2017-2028
  6.7.3 Israel Composite Material Market Size, 2017-2028
  6.7.4 Saudi Arabia Composite Material Market Size, 2017-2028
  6.7.5 UAE Composite Material Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 Element Materials Technology
  7.1.1 Element Materials Technology Corporate Summary
  7.1.2 Element Materials Technology Business Overview
  7.1.3 Element Materials Technology Composite Material Major Product Offerings
  7.1.4 Element Materials Technology Composite Material Revenue in Global Market (2017-2022)
  7.1.5 Element Materials Technology Key News
7.2 Henkel AG & CO
  7.2.1 Henkel AG & CO Corporate Summary
  7.2.2 Henkel AG & CO Business Overview
  7.2.3 Henkel AG & CO Composite Material Major Product Offerings
  7.2.4 Henkel AG & CO Composite Material Revenue in Global Market (2017-2022)
  7.2.5 Henkel AG & CO Key News
7.3 KGaA
  7.3.1 KGaA Corporate Summary
  7.3.2 KGaA Business Overview
  7.3.3 KGaA Composite Material Major Product Offerings
  7.3.4 KGaA Composite Material Revenue in Global Market (2017-2022)
  7.3.5 KGaA Key News
7.4 Exova Group plc
  7.4.1 Exova Group plc Corporate Summary
  7.4.2 Exova Group plc Business Overview
  7.4.3 Exova Group plc Composite Material Major Product Offerings
  7.4.4 Exova Group plc Composite Material Revenue in Global Market (2017-2022)
  7.4.5 Exova Group plc Key News
7.5 Westmoreland Mechanical Testing & Research Inc
  7.5.1 Westmoreland Mechanical Testing & Research Inc Corporate Summary
  7.5.2 Westmoreland Mechanical Testing & Research Inc Business Overview
  7.5.3 Westmoreland Mechanical Testing & Research Inc Composite Material Major Product Offerings
  7.5.4 Westmoreland Mechanical Testing & Research Inc Composite Material Revenue in Global Market (2017-2022)
  7.5.5 Westmoreland Mechanical Testing & Research Inc Key News
7.6 Instron
  7.6.1 Instron Corporate Summary
  7.6.2 Instron Business Overview
  7.6.3 Instron Composite Material Major Product Offerings
  7.6.4 Instron Composite Material Revenue in Global Market (2017-2022)
  7.6.5 Instron Key News
7.7 Matrix Composite Inc
  7.7.1 Matrix Composite Inc Corporate Summary
  7.7.2 Matrix Composite Inc Business Overview
  7.7.3 Matrix Composite Inc Composite Material Major Product Offerings
  7.7.4 Matrix Composite Inc Composite Material Revenue in Global Market (2017-2022)
  7.7.5 Matrix Composite Inc Key News
7.8 ETIM Composites Testing Laboratory
  7.8.1 ETIM Composites Testing Laboratory Corporate Summary
  7.8.2 ETIM Composites Testing Laboratory Business Overview
  7.8.3 ETIM Composites Testing Laboratory Composite Material Major Product Offerings
  7.8.4 ETIM Composites Testing Laboratory Composite Material Revenue in Global Market (2017-2022)
  7.8.5 ETIM Composites Testing Laboratory Key News
7.9 Mistras Group Inc
  7.9.1 Mistras Group Inc Corporate Summary
  7.9.2 Mistras Group Inc Business Overview
  7.9.3 Mistras Group Inc Composite Material Major Product Offerings
  7.9.4 Mistras Group Inc Composite Material Revenue in Global Market (2017-2022)
  7.9.5 Mistras Group Inc Key News
7.10 Intertek Group plc
  7.10.1 Intertek Group plc Corporate Summary
  7.10.2 Intertek Group plc Business Overview
  7.10.3 Intertek Group plc Composite Material Major Product Offerings
  7.10.4 Intertek Group plc Composite Material Revenue in Global Market (2017-2022)
  7.10.5 Intertek Group plc Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Composite Material Market Opportunities & Trends in Global Market
Table 2. Composite Material Market Drivers in Global Market
Table 3. Composite Material Market Restraints in Global Market
Table 4. Key Players of Composite Material in Global Market
Table 5. Top Composite Material Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Composite Material Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Composite Material Revenue Share by Companies, 2017-2022
Table 8. Global Companies Composite Material Product Type
Table 9. List of Global Tier 1 Composite Material Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Composite Material Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Composite Material Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Composite Material Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Composite Material Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Composite Material Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Composite Material Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Composite Material Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Composite Material Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Composite Material Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Composite Material Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Composite Material Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Composite Material Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Composite Material Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Composite Material Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Composite Material Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Composite Material Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Composite Material Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Composite Material Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Composite Material Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Composite Material Revenue, (US$, Mn), 2023-2028
Table 30. Element Materials Technology Corporate Summary
Table 31. Element Materials Technology Composite Material Product Offerings
Table 32. Element Materials Technology Composite Material Revenue (US$, Mn), (2017-2022)
Table 33. Henkel AG & CO Corporate Summary
Table 34. Henkel AG & CO Composite Material Product Offerings
Table 35. Henkel AG & CO Composite Material Revenue (US$, Mn), (2017-2022)
Table 36. KGaA Corporate Summary
Table 37. KGaA Composite Material Product Offerings
Table 38. KGaA Composite Material Revenue (US$, Mn), (2017-2022)
Table 39. Exova Group plc Corporate Summary
Table 40. Exova Group plc Composite Material Product Offerings
Table 41. Exova Group plc Composite Material Revenue (US$, Mn), (2017-2022)
Table 42. Westmoreland Mechanical Testing & Research Inc Corporate Summary
Table 43. Westmoreland Mechanical Testing & Research Inc Composite Material Product Offerings
Table 44. Westmoreland Mechanical Testing & Research Inc Composite Material Revenue (US$, Mn), (2017-2022)
Table 45. Instron Corporate Summary
Table 46. Instron Composite Material Product Offerings
Table 47. Instron Composite Material Revenue (US$, Mn), (2017-2022)
Table 48. Matrix Composite Inc Corporate Summary
Table 49. Matrix Composite Inc Composite Material Product Offerings
Table 50. Matrix Composite Inc Composite Material Revenue (US$, Mn), (2017-2022)
Table 51. ETIM Composites Testing Laboratory Corporate Summary
Table 52. ETIM Composites Testing Laboratory Composite Material Product Offerings
Table 53. ETIM Composites Testing Laboratory Composite Material Revenue (US$, Mn), (2017-2022)
Table 54. Mistras Group Inc Corporate Summary
Table 55. Mistras Group Inc Composite Material Product Offerings
Table 56. Mistras Group Inc Composite Material Revenue (US$, Mn), (2017-2022)
Table 57. Intertek Group plc Corporate Summary
Table 58. Intertek Group plc Composite Material Product Offerings
Table 59. Intertek Group plc Composite Material Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Composite Material Segment by Type in 2021
Figure 2. Composite Material Segment by Application in 2021
Figure 3. Global Composite Material Market Overview: 2020
Figure 4. Key Caveats
Figure 5. Global Composite Material Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Composite Material Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Composite Material Revenue in 2021
Figure 8. By Type - Global Composite Material Revenue Market Share, 2017-2028
Figure 9. By Application - Global Composite Material Revenue Market Share, 2017-2028
Figure 10. By Region - Global Composite Material Revenue Market Share, 2017-2028
Figure 11. By Country - North America Composite Material Revenue Market Share, 2017-2028
Figure 12. US Composite Material Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Composite Material Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Composite Material Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Composite Material Revenue Market Share, 2017-2028
Figure 16. Germany Composite Material Revenue, (US$, Mn), 2017-2028
Figure 17. France Composite Material Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Composite Material Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Composite Material Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Composite Material Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Composite Material Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Composite Material Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Composite Material Revenue Market Share, 2017-2028
Figure 24. China Composite Material Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Composite Material Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Composite Material Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Composite Material Revenue, (US$, Mn), 2017-2028
Figure 28. India Composite Material Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Composite Material Revenue Market Share, 2017-2028
Figure 30. Brazil Composite Material Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Composite Material Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Composite Material Revenue Market Share, 2017-2028
Figure 33. Turkey Composite Material Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Composite Material Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Composite Material Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Composite Material Revenue, (US$, Mn), 2017-2028
Figure 37. Element Materials Technology Composite Material Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Henkel AG & CO Composite Material Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. KGaA Composite Material Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Exova Group plc Composite Material Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Westmoreland Mechanical Testing & Research Inc Composite Material Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Instron Composite Material Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Matrix Composite Inc Composite Material Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. ETIM Composites Testing Laboratory Composite Material Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Mistras Group Inc Composite Material Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Intertek Group plc Composite Material Revenue Year Over Year Growth (US$, Mn) & (2017-2022)