Advanced Composites Market - Top Companies and Manufacturers

  • Report ID: 6398
  • Published Date: Sep 06, 2024
  • Report Format: PDF, PPT

Companies Dominating the Advanced Composites Landscape

    The advanced composites market is rapidly evolving owing to continuous innovation and advancements in technological fields. Companies are revolutionizing the approach toward product designing, manufacturing processes, and optimum utilization of advanced composite materials with their innovative ideas and breakthroughs. The industry leaders are striving to achieve unprecedented levels of performance and efficiency of the advanced composite material by focusing on features such as lightweight, diverse applications, and innovative usages to foster growth and sustainability in the market. The constant breakthroughs by companies in this field are making them stay ahead in this rapidly evolving market. Examples of such prominent stakeholders in the advanced composites market are:

    • SGL Carbons
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Advanced Composites Inc.
    • Mitsubishi Chemical Carbon Fiber and Composites Inc.
    • Hexcel Corporation
    • Kolon Industries Inc.
    • Owens Corning
    • Koninklijke TenCate NV
    • Cytec Solvay Group

Browse Key Market Insights with Data Illustration:

In the News

  • In June 2024, Advanced Composites Solutions (ACS) invested USD 4 million in its new manufacturing facility in Tortoreto to ace the competition by producing cutting-edge composite materials for the automotive and aerospace industries.
  • In May 2022, Hexcel Corporation offered a new range of its new product, HexPly XF2, in the market with improved mechanical properties, more design flexibility, and a lightweight structure to fulfill the growing demand for efficient and high-performance composite material to be used in industries and aircraft.

Author Credits:  Rajrani Baghel


  • Report ID: 6398
  • Published Date: Sep 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The advanced composites market size was USD 44.7 billion in 2024.

The global advanced composites market size was US 44.7 billion in 2024and is anticipated to reach USD 149.8 billion by the end of 2037, expanding at a CAGR of 10.6% over the forecast period, i.e., 2025-2037.

Mitsubishi Chemical Carbon Fiber and Composites Inc., Hexcel Corporation, Kolon Industries Inc., Owens Corning, Koninklijke TenCate NV, and Cytec Solvay Group are some prominent companies operating in the global market.

The carbon composite segment has 66.2% of the revenue share during the forecast period.

North America is projected to offer lucrative prospects in the advanced composites market in the forecast period.
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