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Composite Material - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Industry: Service & Software

Published: 2024-01-24

Pages: 113 Pages

Report ld: 2331299

Description
Table of Contents
Table of Figures
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Description
Table of Contents
Table of Figures
PDF Download

Description

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.

The global market for Composite Material was estimated to be worth US$ 878.4 million in 2023 and is forecast to a readjusted size of US$ 1084.4 million by 2030 with a CAGR of 2.6% during the forecast period 2024-2030

Composite Material Market Size

M= millions and B=billions

North American market for Composite Material was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

Asia-Pacific market for Composite Material was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

Europe market for Composite Material was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

The global key companies 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, etc. In 2023, the global five largest players hold a share approximately % in terms of revenue.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Composite Material, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Composite Material by region & country, by Type, and by Application.

The Composite Material market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Composite Material.

Market Segmentation

Report Metric
Details
Report Title
Composite Material - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Forecasted Market Size in 2030
US$ 1084.4 million
CAGR(2024-2030)
2.6%
Market Size Available for Years
2019-2030
Global Composite Material Companies Covered
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
Global Composite Material Market, by Region
North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Composite Material Market, Segment by Type
Polymer Matrix Composites

Continuous Fiber Composites

Ceramic Matrix Composites

Discontinuous Fiber Composites

Others
Global Composite Material Market, Segment by Application
Sporting Goods

Aerospace & Defense

Electrical & Electronics

Wind Energy

Building & Construction

Transportation

Others
Forecast Units
USD million in value
Report Coverage
Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Composite Material manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Composite Material in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Composite Material in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Table of Contents

 1 Market Overview
    1.1 Composite Material Product Introduction
    1.2 Global Composite Material Market Size Forecast
    1.3 Composite Material Market Trends & Drivers
        1.3.1 Composite Material Industry Trends
        1.3.2 Composite Material Market Drivers & Opportunity
        1.3.3 Composite Material Market Challenges
        1.3.4 Composite Material Market Restraints
    1.4 Assumptions and Limitations
    1.5 Study Objectives
    1.6 Years Considered

 2 Competitive Analysis by Company
    2.1 Global Composite Material Players Revenue Ranking (2023)
    2.2 Global Composite Material Revenue by Company (2019-2024)
    2.3 Key Companies Composite Material Manufacturing Base Distribution and Headquarters
    2.4 Key Companies Composite Material Product Offered
    2.5 Key Companies Time to Begin Mass Production of Composite Material
    2.6 Composite Material Market Competitive Analysis
        2.6.1 Composite Material Market Concentration Rate (2019-2024)
        2.6.2 Global 5 and 10 Largest Companies by Composite Material Revenue in 2023
        2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Composite Material as of 2023)
    2.7 Mergers & Acquisitions, Expansion

 3 Segmentation by Type
    3.1 Introduction by Type
        3.1.1 Polymer Matrix Composites
        3.1.2 Continuous Fiber Composites
        3.1.3 Ceramic Matrix Composites
        3.1.4 Discontinuous Fiber Composites
        3.1.5 Others
    3.2 Global Composite Material Sales Value by Type
        3.2.1 Global Composite Material Sales Value by Type (2019 VS 2023 VS 2030)
        3.2.2 Global Composite Material Sales Value, by Type (2019-2030)
        3.2.3 Global Composite Material Sales Value, by Type (%) (2019-2030)

 4 Segmentation by Application
    4.1 Introduction by Application
        4.1.1 Sporting Goods
        4.1.2 Aerospace & Defense
        4.1.3 Electrical & Electronics
        4.1.4 Wind Energy
        4.1.5 Building & Construction
        4.1.6 Transportation
        4.1.7 Others
    4.2 Global Composite Material Sales Value by Application
        4.2.1 Global Composite Material Sales Value by Application (2019 VS 2023 VS 2030)
        4.2.2 Global Composite Material Sales Value, by Application (2019-2030)
        4.2.3 Global Composite Material Sales Value, by Application (%) (2019-2030)

 5 Segmentation by Region
    5.1 Global Composite Material Sales Value by Region
        5.1.1 Global Composite Material Sales Value by Region: 2019 VS 2023 VS 2030
        5.1.2 Global Composite Material Sales Value by Region (2019-2024)
        5.1.3 Global Composite Material Sales Value by Region (2025-2030)
        5.1.4 Global Composite Material Sales Value by Region (%), (2019-2030)
    5.2 North America
        5.2.1 North America Composite Material Sales Value, 2019-2030
        5.2.2 North America Composite Material Sales Value by Country (%), 2023 VS 2030
    5.3 Europe
        5.3.1 Europe Composite Material Sales Value, 2019-2030
        5.3.2 Europe Composite Material Sales Value by Country (%), 2023 VS 2030
    5.4 Asia Pacific
        5.4.1 Asia Pacific Composite Material Sales Value, 2019-2030
        5.4.2 Asia Pacific Composite Material Sales Value by Country (%), 2023 VS 2030
    5.5 South America
        5.5.1 South America Composite Material Sales Value, 2019-2030
        5.5.2 South America Composite Material Sales Value by Country (%), 2023 VS 2030
    5.6 Middle East & Africa
        5.6.1 Middle East & Africa Composite Material Sales Value, 2019-2030
        5.6.2 Middle East & Africa Composite Material Sales Value by Country (%), 2023 VS 2030

 6 Segmentation by Key Countries/Regions
    6.1 Key Countries/Regions Composite Material Sales Value Growth Trends, 2019 VS 2023 VS 2030
    6.2 Key Countries/Regions Composite Material Sales Value
    6.3 United States
        6.3.1 United States Composite Material Sales Value, 2019-2030
        6.3.2 United States Composite Material Sales Value by Type (%), 2023 VS 2030
        6.3.3 United States Composite Material Sales Value by Application, 2023 VS 2030
    6.4 Europe
        6.4.1 Europe Composite Material Sales Value, 2019-2030
        6.4.2 Europe Composite Material Sales Value by Type (%), 2023 VS 2030
        6.4.3 Europe Composite Material Sales Value by Application, 2023 VS 2030
    6.5 China
        6.5.1 China Composite Material Sales Value, 2019-2030
        6.5.2 China Composite Material Sales Value by Type (%), 2023 VS 2030
        6.5.3 China Composite Material Sales Value by Application, 2023 VS 2030
    6.6 Japan
        6.6.1 Japan Composite Material Sales Value, 2019-2030
        6.6.2 Japan Composite Material Sales Value by Type (%), 2023 VS 2030
        6.6.3 Japan Composite Material Sales Value by Application, 2023 VS 2030
    6.7 South Korea
        6.7.1 South Korea Composite Material Sales Value, 2019-2030
        6.7.2 South Korea Composite Material Sales Value by Type (%), 2023 VS 2030
        6.7.3 South Korea Composite Material Sales Value by Application, 2023 VS 2030
    6.8 Southeast Asia
        6.8.1 Southeast Asia Composite Material Sales Value, 2019-2030
        6.8.2 Southeast Asia Composite Material Sales Value by Type (%), 2023 VS 2030
        6.8.3 Southeast Asia Composite Material Sales Value by Application, 2023 VS 2030
    6.9 India
        6.9.1 India Composite Material Sales Value, 2019-2030
        6.9.2 India Composite Material Sales Value by Type (%), 2023 VS 2030
        6.9.3 India Composite Material Sales Value by Application, 2023 VS 2030

 7 Company Profiles
    7.1 Element Materials Technology
        7.1.1 Element Materials Technology Profile
        7.1.2 Element Materials Technology Main Business
        7.1.3 Element Materials Technology Composite Material Products, Services and Solutions
        7.1.4 Element Materials Technology Composite Material Revenue (US$ Million) & (2019-2024)
        7.1.5 Element Materials Technology Recent Developments
    7.2 Henkel AG & CO
        7.2.1 Henkel AG & CO Profile
        7.2.2 Henkel AG & CO Main Business
        7.2.3 Henkel AG & CO Composite Material Products, Services and Solutions
        7.2.4 Henkel AG & CO Composite Material Revenue (US$ Million) & (2019-2024)
        7.2.5 Henkel AG & CO Recent Developments
    7.3 KGaA
        7.3.1 KGaA Profile
        7.3.2 KGaA Main Business
        7.3.3 KGaA Composite Material Products, Services and Solutions
        7.3.4 KGaA Composite Material Revenue (US$ Million) & (2019-2024)
        7.3.5 Exova Group plc Recent Developments
    7.4 Exova Group plc
        7.4.1 Exova Group plc Profile
        7.4.2 Exova Group plc Main Business
        7.4.3 Exova Group plc Composite Material Products, Services and Solutions
        7.4.4 Exova Group plc Composite Material Revenue (US$ Million) & (2019-2024)
        7.4.5 Exova Group plc Recent Developments
    7.5 Westmoreland Mechanical Testing & Research Inc
        7.5.1 Westmoreland Mechanical Testing & Research Inc Profile
        7.5.2 Westmoreland Mechanical Testing & Research Inc Main Business
        7.5.3 Westmoreland Mechanical Testing & Research Inc Composite Material Products, Services and Solutions
        7.5.4 Westmoreland Mechanical Testing & Research Inc Composite Material Revenue (US$ Million) & (2019-2024)
        7.5.5 Westmoreland Mechanical Testing & Research Inc Recent Developments
    7.6 Instron
        7.6.1 Instron Profile
        7.6.2 Instron Main Business
        7.6.3 Instron Composite Material Products, Services and Solutions
        7.6.4 Instron Composite Material Revenue (US$ Million) & (2019-2024)
        7.6.5 Instron Recent Developments
    7.7 Matrix Composite Inc
        7.7.1 Matrix Composite Inc Profile
        7.7.2 Matrix Composite Inc Main Business
        7.7.3 Matrix Composite Inc Composite Material Products, Services and Solutions
        7.7.4 Matrix Composite Inc Composite Material Revenue (US$ Million) & (2019-2024)
        7.7.5 Matrix Composite Inc Recent Developments
    7.8 ETIM Composites Testing Laboratory
        7.8.1 ETIM Composites Testing Laboratory Profile
        7.8.2 ETIM Composites Testing Laboratory Main Business
        7.8.3 ETIM Composites Testing Laboratory Composite Material Products, Services and Solutions
        7.8.4 ETIM Composites Testing Laboratory Composite Material Revenue (US$ Million) & (2019-2024)
        7.8.5 ETIM Composites Testing Laboratory Recent Developments
    7.9 Mistras Group Inc
        7.9.1 Mistras Group Inc Profile
        7.9.2 Mistras Group Inc Main Business
        7.9.3 Mistras Group Inc Composite Material Products, Services and Solutions
        7.9.4 Mistras Group Inc Composite Material Revenue (US$ Million) & (2019-2024)
        7.9.5 Mistras Group Inc Recent Developments
    7.10 Intertek Group plc
        7.10.1 Intertek Group plc Profile
        7.10.2 Intertek Group plc Main Business
        7.10.3 Intertek Group plc Composite Material Products, Services and Solutions
        7.10.4 Intertek Group plc Composite Material Revenue (US$ Million) & (2019-2024)
        7.10.5 Intertek Group plc Recent Developments

 8 Industry Chain Analysis
    8.1 Composite Material Industrial Chain
    8.2 Composite Material Upstream Analysis
        8.2.1 Key Raw Materials
        8.2.2 Raw Materials Key Suppliers
        8.2.3 Manufacturing Cost Structure
    8.3 Midstream Analysis
    8.4 Downstream Analysis (Customers Analysis)
    8.5 Sales Model and Sales Channels
        8.5.1 Composite Material Sales Model
        8.5.2 Sales Channel
        8.5.3 Composite Material Distributors

 9 Research Findings and Conclusion

 10 Appendix
    10.1 Research Methodology
        10.1.1 Methodology/Research Approach
        10.1.2 Data Source
    10.2 Author Details
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. Composite Material Market Trends
    Table 2. Composite Material Market Drivers & Opportunity
    Table 3. Composite Material Market Challenges
    Table 4. Composite Material Market Restraints
    Table 5. Global Composite Material Revenue by Company (2019-2024) & (US$ Million)
    Table 6. Global Composite Material Revenue Market Share by Company (2019-2024)
    Table 7. Key Companies Composite Material Manufacturing Base Distribution and Headquarters
    Table 8. Key Companies Composite Material Product Type
    Table 9. Key Companies Time to Begin Mass Production of Composite Material
    Table 10. Global Composite Material Companies Market Concentration Ratio (CR5 and HHI)
    Table 11. Global Top Companies Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Composite Material as of 2023)
    Table 12. Mergers & Acquisitions, Expansion Plans
    Table 13. Global Composite Material Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
    Table 14. Global Composite Material Sales Value by Type (2019-2024) & (US$ Million)
    Table 15. Global Composite Material Sales Value by Type (2025-2030) & (US$ Million)
    Table 16. Global Composite Material Sales Market Share in Value by Type (2019-2024) & (%)
    Table 17. Global Composite Material Sales Market Share in Value by Type (2025-2030) & (%)
    Table 18. Global Composite Material Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
    Table 19. Global Composite Material Sales Value by Application (2019-2024) & (US$ Million)
    Table 20. Global Composite Material Sales Value by Application (2025-2030) & (US$ Million)
    Table 21. Global Composite Material Sales Market Share in Value by Application (2019-2024) & (%)
    Table 22. Global Composite Material Sales Market Share in Value by Application (2025-2030) & (%)
    Table 23. Global Composite Material Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)
    Table 24. Global Composite Material Sales Value by Region (2019-2024) & (US$ Million)
    Table 25. Global Composite Material Sales Value by Region (2025-2030) & (US$ Million)
    Table 26. Global Composite Material Sales Value by Region (2019-2024) & (%)
    Table 27. Global Composite Material Sales Value by Region (2025-2030) & (%)
    Table 28. Key Countries/Regions Composite Material Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
    Table 29. Key Countries/Regions Composite Material Sales Value, (2019-2024) & (US$ Million)
    Table 30. Key Countries/Regions Composite Material Sales Value, (2025-2030) & (US$ Million)
    Table 31. Element Materials Technology Basic Information List
    Table 32. Element Materials Technology Description and Business Overview
    Table 33. Element Materials Technology Composite Material Products, Services and Solutions
    Table 34. Revenue (US$ Million) in Composite Material Business of Element Materials Technology (2019-2024)
    Table 35. Element Materials Technology Recent Developments
    Table 36. Henkel AG & CO Basic Information List
    Table 37. Henkel AG & CO Description and Business Overview
    Table 38. Henkel AG & CO Composite Material Products, Services and Solutions
    Table 39. Revenue (US$ Million) in Composite Material Business of Henkel AG & CO (2019-2024)
    Table 40. Henkel AG & CO Recent Developments
    Table 41. KGaA Basic Information List
    Table 42. KGaA Description and Business Overview
    Table 43. KGaA Composite Material Products, Services and Solutions
    Table 44. Revenue (US$ Million) in Composite Material Business of KGaA (2019-2024)
    Table 45. KGaA Recent Developments
    Table 46. Exova Group plc Basic Information List
    Table 47. Exova Group plc Description and Business Overview
    Table 48. Exova Group plc Composite Material Products, Services and Solutions
    Table 49. Revenue (US$ Million) in Composite Material Business of Exova Group plc (2019-2024)
    Table 50. Exova Group plc Recent Developments
    Table 51. Westmoreland Mechanical Testing & Research Inc Basic Information List
    Table 52. Westmoreland Mechanical Testing & Research Inc Description and Business Overview
    Table 53. Westmoreland Mechanical Testing & Research Inc Composite Material Products, Services and Solutions
    Table 54. Revenue (US$ Million) in Composite Material Business of Westmoreland Mechanical Testing & Research Inc (2019-2024)
    Table 55. Westmoreland Mechanical Testing & Research Inc Recent Developments
    Table 56. Instron Basic Information List
    Table 57. Instron Description and Business Overview
    Table 58. Instron Composite Material Products, Services and Solutions
    Table 59. Revenue (US$ Million) in Composite Material Business of Instron (2019-2024)
    Table 60. Instron Recent Developments
    Table 61. Matrix Composite Inc Basic Information List
    Table 62. Matrix Composite Inc Description and Business Overview
    Table 63. Matrix Composite Inc Composite Material Products, Services and Solutions
    Table 64. Revenue (US$ Million) in Composite Material Business of Matrix Composite Inc (2019-2024)
    Table 65. Matrix Composite Inc Recent Developments
    Table 66. ETIM Composites Testing Laboratory Basic Information List
    Table 67. ETIM Composites Testing Laboratory Description and Business Overview
    Table 68. ETIM Composites Testing Laboratory Composite Material Products, Services and Solutions
    Table 69. Revenue (US$ Million) in Composite Material Business of ETIM Composites Testing Laboratory (2019-2024)
    Table 70. ETIM Composites Testing Laboratory Recent Developments
    Table 71. Mistras Group Inc Basic Information List
    Table 72. Mistras Group Inc Description and Business Overview
    Table 73. Mistras Group Inc Composite Material Products, Services and Solutions
    Table 74. Revenue (US$ Million) in Composite Material Business of Mistras Group Inc (2019-2024)
    Table 75. Mistras Group Inc Recent Developments
    Table 76. Intertek Group plc Basic Information List
    Table 77. Intertek Group plc Description and Business Overview
    Table 78. Intertek Group plc Composite Material Products, Services and Solutions
    Table 79. Revenue (US$ Million) in Composite Material Business of Intertek Group plc (2019-2024)
    Table 80. Intertek Group plc Recent Developments
    Table 81. Key Raw Materials Lists
    Table 82. Raw Materials Key Suppliers Lists
    Table 83. Composite Material Downstream Customers
    Table 84. Composite Material Distributors List
    Table 85. Research Programs/Design for This Report
    Table 86. Key Data Information from Secondary Sources
    Table 87. Key Data Information from Primary Sources
    Table 88. Business Unit and Senior & Team Lead Analysts
List of Figures
    Figure 1. Composite Material Product Picture
    Figure 2. Global Composite Material Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
    Figure 3. Global Composite Material Sales Value (2019-2030) & (US$ Million)
    Figure 4. Composite Material Report Years Considered
    Figure 5. Global Composite Material Players Revenue Ranking (2023) & (US$ Million)
    Figure 6. The 5 and 10 Largest Manufacturers in the World: Market Share by Composite Material Revenue in 2023
    Figure 7. Composite Material Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
    Figure 8. Polymer Matrix Composites Picture
    Figure 9. Continuous Fiber Composites Picture
    Figure 10. Ceramic Matrix Composites Picture
    Figure 11. Discontinuous Fiber Composites Picture
    Figure 12. Others Picture
    Figure 13. Global Composite Material Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 14. Global Composite Material Sales Value Market Share by Type, 2023 & 2030
    Figure 15. Product Picture of Sporting Goods
    Figure 16. Product Picture of Aerospace & Defense
    Figure 17. Product Picture of Electrical & Electronics
    Figure 18. Product Picture of Wind Energy
    Figure 19. Product Picture of Building & Construction
    Figure 20. Product Picture of Transportation
    Figure 21. Product Picture of Others
    Figure 22. Global Composite Material Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 23. Global Composite Material Sales Value Market Share by Application, 2023 & 2030
    Figure 24. North America Composite Material Sales Value (2019-2030) & (US$ Million)
    Figure 25. North America Composite Material Sales Value by Country (%), 2023 VS 2030
    Figure 26. Europe Composite Material Sales Value (2019-2030) & (US$ Million)
    Figure 27. Europe Composite Material Sales Value by Country (%), 2023 VS 2030
    Figure 28. Asia Pacific Composite Material Sales Value (2019-2030) & (US$ Million)
    Figure 29. Asia Pacific Composite Material Sales Value by Country (%), 2023 VS 2030
    Figure 30. South America Composite Material Sales Value (2019-2030) & (US$ Million)
    Figure 31. South America Composite Material Sales Value by Country (%), 2023 VS 2030
    Figure 32. Middle East & Africa Composite Material Sales Value (2019-2030) & (US$ Million)
    Figure 33. Middle East & Africa Composite Material Sales Value by Country (%), 2023 VS 2030
    Figure 34. Key Countries/Regions Composite Material Sales Value (%), (2019-2030)
    Figure 35. United States Composite Material Sales Value, (2019-2030) & (US$ Million)
    Figure 36. United States Composite Material Sales Value by Type (%), 2023 VS 2030
    Figure 37. United States Composite Material Sales Value by Application (%), 2023 VS 2030
    Figure 38. Europe Composite Material Sales Value, (2019-2030) & (US$ Million)
    Figure 39. Europe Composite Material Sales Value by Type (%), 2023 VS 2030
    Figure 40. Europe Composite Material Sales Value by Application (%), 2023 VS 2030
    Figure 41. China Composite Material Sales Value, (2019-2030) & (US$ Million)
    Figure 42. China Composite Material Sales Value by Type (%), 2023 VS 2030
    Figure 43. China Composite Material Sales Value by Application (%), 2023 VS 2030
    Figure 44. Japan Composite Material Sales Value, (2019-2030) & (US$ Million)
    Figure 45. Japan Composite Material Sales Value by Type (%), 2023 VS 2030
    Figure 46. Japan Composite Material Sales Value by Application (%), 2023 VS 2030
    Figure 47. South Korea Composite Material Sales Value, (2019-2030) & (US$ Million)
    Figure 48. South Korea Composite Material Sales Value by Type (%), 2023 VS 2030
    Figure 49. South Korea Composite Material Sales Value by Application (%), 2023 VS 2030
    Figure 50. Southeast Asia Composite Material Sales Value, (2019-2030) & (US$ Million)
    Figure 51. Southeast Asia Composite Material Sales Value by Type (%), 2023 VS 2030
    Figure 52. Southeast Asia Composite Material Sales Value by Application (%), 2023 VS 2030
    Figure 53. India Composite Material Sales Value, (2019-2030) & (US$ Million)
    Figure 54. India Composite Material Sales Value by Type (%), 2023 VS 2030
    Figure 55. India Composite Material Sales Value by Application (%), 2023 VS 2030
    Figure 56. Composite Material Industrial Chain
    Figure 57. Composite Material Manufacturing Cost Structure
    Figure 58. Channels of Distribution (Direct Sales, and Distribution)
    Figure 59. Bottom-up and Top-down Approaches for This Report
    Figure 60. Data Triangulation

Description

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.

The global market for Composite Material was estimated to be worth US$ 878.4 million in 2023 and is forecast to a readjusted size of US$ 1084.4 million by 2030 with a CAGR of 2.6% during the forecast period 2024-2030

North American market for Composite Material was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

Asia-Pacific market for Composite Material was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

Europe market for Composite Material was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

The global key companies 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, etc. In 2023, the global five largest players hold a share approximately % in terms of revenue.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Composite Material, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Composite Material by region & country, by Type, and by Application.

The Composite Material market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Composite Material.

Market Segmentation