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 aims to provide a comprehensive presentation of the global market for Composite Material, 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. This report contains market size and forecasts of Composite Material in global, including the following market information:
Global Composite Material Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Composite Material market was valued at US$ 903.9 million in 2022 and is projected to reach US$ 1073.5 million by 2029, at a CAGR of 2.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Polymer Matrix Composites Segment to Reach $ Million by 2029, 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, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We 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, 2018-2023, 2024-2029 ($ millions)
Global Composite Material Market Segment Percentages, by Type, 2022 (%)
Polymer Matrix Composites
Continuous Fiber Composites
Ceramic Matrix Composites
Discontinuous Fiber Composites
Others
Global Composite Material Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Composite Material Market Segment Percentages, by Application, 2022 (%)
Sporting Goods
Aerospace & Defense
Electrical & Electronics
Wind Energy
Building & Construction
Transportation
Others
Global Composite Material Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Composite Material Market Segment Percentages, By Region and Country, 2022 (%)
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, 2018-2023 (estimated), ($ millions)
Key companies Composite Material revenues share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Composite Material, market overview.
Chapter 2: Global Composite Material market size in revenue.
Chapter 3: Detailed analysis of Composite Material company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Composite Material in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
TABLE OF 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: 2022 VS 2029
2.2 Global Composite Material Market Size, Prospects & Forecasts: 2018-2029
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 2022
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, 2022 & 2029
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, 2018-2023
4.2.2 By Type - Global Composite Material Revenue, 2024-2029
4.2.3 By Type - Global Composite Material Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Composite Material Market Size, 2022 & 2029
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, 2018-2023
5.2.2 By Application - Global Composite Material Revenue, 2024-2029
5.2.3 By Application - Global Composite Material Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Composite Material Market Size, 2022 & 2029
6.2 By Region - Global Composite Material Revenue & Forecasts
6.2.1 By Region - Global Composite Material Revenue, 2018-2023
6.2.2 By Region - Global Composite Material Revenue, 2024-2029
6.2.3 By Region - Global Composite Material Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Composite Material Revenue, 2018-2029
6.3.2 US Composite Material Market Size, 2018-2029
6.3.3 Canada Composite Material Market Size, 2018-2029
6.3.4 Mexico Composite Material Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Composite Material Revenue, 2018-2029
6.4.2 Germany Composite Material Market Size, 2018-2029
6.4.3 France Composite Material Market Size, 2018-2029
6.4.4 U.K. Composite Material Market Size, 2018-2029
6.4.5 Italy Composite Material Market Size, 2018-2029
6.4.6 Russia Composite Material Market Size, 2018-2029
6.4.7 Nordic Countries Composite Material Market Size, 2018-2029
6.4.8 Benelux Composite Material Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Composite Material Revenue, 2018-2029
6.5.2 China Composite Material Market Size, 2018-2029
6.5.3 Japan Composite Material Market Size, 2018-2029
6.5.4 South Korea Composite Material Market Size, 2018-2029
6.5.5 Southeast Asia Composite Material Market Size, 2018-2029
6.5.6 India Composite Material Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Composite Material Revenue, 2018-2029
6.6.2 Brazil Composite Material Market Size, 2018-2029
6.6.3 Argentina Composite Material Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Composite Material Revenue, 2018-2029
6.7.2 Turkey Composite Material Market Size, 2018-2029
6.7.3 Israel Composite Material Market Size, 2018-2029
6.7.4 Saudi Arabia Composite Material Market Size, 2018-2029
6.7.5 UAE Composite Material Market Size, 2018-2029
7 Composite Material Companies Profiles
7.1 Element Materials Technology
7.1.1 Element Materials Technology Company 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 (2018-2023)
7.1.5 Element Materials Technology Key News & Latest Developments
7.2 Henkel AG & CO
7.2.1 Henkel AG & CO Company 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 (2018-2023)
7.2.5 Henkel AG & CO Key News & Latest Developments
7.3 KGaA
7.3.1 KGaA Company 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 (2018-2023)
7.3.5 KGaA Key News & Latest Developments
7.4 Exova Group plc
7.4.1 Exova Group plc Company 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 (2018-2023)
7.4.5 Exova Group plc Key News & Latest Developments
7.5 Westmoreland Mechanical Testing & Research Inc
7.5.1 Westmoreland Mechanical Testing & Research Inc Company 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 (2018-2023)
7.5.5 Westmoreland Mechanical Testing & Research Inc Key News & Latest Developments
7.6 Instron
7.6.1 Instron Company 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 (2018-2023)
7.6.5 Instron Key News & Latest Developments
7.7 Matrix Composite Inc
7.7.1 Matrix Composite Inc Company 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 (2018-2023)
7.7.5 Matrix Composite Inc Key News & Latest Developments
7.8 ETIM Composites Testing Laboratory
7.8.1 ETIM Composites Testing Laboratory Company 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 (2018-2023)
7.8.5 ETIM Composites Testing Laboratory Key News & Latest Developments
7.9 Mistras Group Inc
7.9.1 Mistras Group Inc Company 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 (2018-2023)
7.9.5 Mistras Group Inc Key News & Latest Developments
7.10 Intertek Group plc
7.10.1 Intertek Group plc Company 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 (2018-2023)
7.10.5 Intertek Group plc Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
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 (2022)
Table 6. Global Composite Material Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Composite Material Revenue Share by Companies, 2018-2023
Table 8. Global Companies Composite Material Product Type
Table 9. List of Global Tier 1 Composite Material Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Composite Material Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Composite Material Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Composite Material Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Composite Material Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Composite Material Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Composite Material Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Composite Material Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Composite Material Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Composite Material Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Composite Material Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Composite Material Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Composite Material Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Composite Material Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Composite Material Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Composite Material Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Composite Material Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Composite Material Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Composite Material Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Composite Material Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Composite Material Revenue, (US$, Mn), 2024-2029
Table 30. Element Materials Technology Company Summary
Table 31. Element Materials Technology Composite Material Product Offerings
Table 32. Element Materials Technology Composite Material Revenue (US$, Mn) & (2018-2023)
Table 33. Element Materials Technology Key News & Latest Developments
Table 34. Henkel AG & CO Company Summary
Table 35. Henkel AG & CO Composite Material Product Offerings
Table 36. Henkel AG & CO Composite Material Revenue (US$, Mn) & (2018-2023)
Table 37. Henkel AG & CO Key News & Latest Developments
Table 38. KGaA Company Summary
Table 39. KGaA Composite Material Product Offerings
Table 40. KGaA Composite Material Revenue (US$, Mn) & (2018-2023)
Table 41. KGaA Key News & Latest Developments
Table 42. Exova Group plc Company Summary
Table 43. Exova Group plc Composite Material Product Offerings
Table 44. Exova Group plc Composite Material Revenue (US$, Mn) & (2018-2023)
Table 45. Exova Group plc Key News & Latest Developments
Table 46. Westmoreland Mechanical Testing & Research Inc Company Summary
Table 47. Westmoreland Mechanical Testing & Research Inc Composite Material Product Offerings
Table 48. Westmoreland Mechanical Testing & Research Inc Composite Material Revenue (US$, Mn) & (2018-2023)
Table 49. Westmoreland Mechanical Testing & Research Inc Key News & Latest Developments
Table 50. Instron Company Summary
Table 51. Instron Composite Material Product Offerings
Table 52. Instron Composite Material Revenue (US$, Mn) & (2018-2023)
Table 53. Instron Key News & Latest Developments
Table 54. Matrix Composite Inc Company Summary
Table 55. Matrix Composite Inc Composite Material Product Offerings
Table 56. Matrix Composite Inc Composite Material Revenue (US$, Mn) & (2018-2023)
Table 57. Matrix Composite Inc Key News & Latest Developments
Table 58. ETIM Composites Testing Laboratory Company Summary
Table 59. ETIM Composites Testing Laboratory Composite Material Product Offerings
Table 60. ETIM Composites Testing Laboratory Composite Material Revenue (US$, Mn) & (2018-2023)
Table 61. ETIM Composites Testing Laboratory Key News & Latest Developments
Table 62. Mistras Group Inc Company Summary
Table 63. Mistras Group Inc Composite Material Product Offerings
Table 64. Mistras Group Inc Composite Material Revenue (US$, Mn) & (2018-2023)
Table 65. Mistras Group Inc Key News & Latest Developments
Table 66. Intertek Group plc Company Summary
Table 67. Intertek Group plc Composite Material Product Offerings
Table 68. Intertek Group plc Composite Material Revenue (US$, Mn) & (2018-2023)
Table 69. Intertek Group plc Key News & Latest Developments
List of Figures
Figure 1. Composite Material Segment by Type in 2022
Figure 2. Composite Material Segment by Application in 2022
Figure 3. Global Composite Material Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Composite Material Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Composite Material Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Composite Material Revenue in 2022
Figure 8. By Type - Global Composite Material Revenue Market Share, 2018-2029
Figure 9. By Application - Global Composite Material Revenue Market Share, 2018-2029
Figure 10. By Type - Global Composite Material Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Composite Material Revenue Market Share, 2018-2029
Figure 12. By Application - Global Composite Material Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Composite Material Revenue Market Share, 2018-2029
Figure 14. By Region - Global Composite Material Revenue Market Share, 2018-2029
Figure 15. By Country - North America Composite Material Revenue Market Share, 2018-2029
Figure 16. US Composite Material Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Composite Material Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Composite Material Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Composite Material Revenue Market Share, 2018-2029
Figure 20. Germany Composite Material Revenue, (US$, Mn), 2018-2029
Figure 21. France Composite Material Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Composite Material Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Composite Material Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Composite Material Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Composite Material Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Composite Material Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Composite Material Revenue Market Share, 2018-2029
Figure 28. China Composite Material Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Composite Material Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Composite Material Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Composite Material Revenue, (US$, Mn), 2018-2029
Figure 32. India Composite Material Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Composite Material Revenue Market Share, 2018-2029
Figure 34. Brazil Composite Material Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Composite Material Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Composite Material Revenue Market Share, 2018-2029
Figure 37. Turkey Composite Material Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Composite Material Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Composite Material Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Composite Material Revenue, (US$, Mn), 2018-2029
Figure 41. Element Materials Technology Composite Material Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Henkel AG & CO Composite Material Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. KGaA Composite Material Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Exova Group plc Composite Material Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Westmoreland Mechanical Testing & Research Inc Composite Material Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Instron Composite Material Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Matrix Composite Inc Composite Material Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. ETIM Composites Testing Laboratory Composite Material Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Mistras Group Inc Composite Material Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Intertek Group plc Composite Material Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
