The global High Performance Composite Market size was USD 28.08 Billion in 2022 and is expected to reach USD 56.13 Billion in 2032, and register a rapid revenue CAGR of 8% during the forecast period. Rising need for lightweight and high-strength materials in aerospace and military industries is a key factor driving market revenue growth. High performance Composites are replacing conventional materials, such as Aluminum and Steel, due to their better qualities including high strength-to-weight ratio, corrosion resistance, and durability. This pattern is expected to persist as the aerospace and defense sector works to cut back on fuel use and carbon emissions.
In addition, increasing use of high performance composites in the automobile sector, to lighten and make cars more fuel efficient, is another factor driving revenue growth of the market. In comparison to conventional materials, high performance composites have better impact resistance, stiffness, and fatigue resistance.
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Major Companies:
The global high performance composite market is highly competitive, with a number of major players accounting for a significant share of market revenue. The market is expected to grow in the coming years due to the increasing demand for lightweight and high strength materials in various industries. Some of the major companies included in the global high performance composite market report are:
- Hexcel Corporation
- Toray Industries, Inc.
- Mitsubishi Chemical Holdings Corporation
- SGL Carbon SE
- Teijin Limited
- Solvay S.A.
- Huntsman Corporation
- Cytec Solvay Group
- Koninklijke Ten Cate B.V.
- Owens Corning
- Kaman Corporation
Key questions addressed in the report:
- What is the expected market size of the global High Performance Composite market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global High Performance Composite market?
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High Performance Composite Market Segmentation:
By Product Type Outlook:
- Carbon fiber composites
- Glass fiber composites
- Aramid fiber composites
- Ceramic matrix composites
- Others
By End-Use Outlook:
- Aerospace Defense
- Automotive
- Wind Energy
- Construction
- Sports Leisure
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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