North America Advanced Composites Market Size & Outlook
North America advanced composites market, 2017-2030 (US$M)
Related Markets
North America advanced composites market highlights
- The North America advanced composites market generated a revenue of USD 12,919.0 million in 2021.
- The market is expected to grow at a CAGR of 8.4% from 2022 to 2030.
- In terms of segment, carbon fiber composites was the largest revenue generating product in 2021.
- Carbon Fiber Composites is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 12,919.0 million |
| Market revenue in 2030 | USD 26,640.0 million |
| Growth rate | 8.4% (CAGR from 2021 to 2030) |
| Largest segment | Carbon fiber composites |
| Fastest growing segment | Carbon Fiber Composites |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aramid Fiber Composites, Carbon Fiber Composites, Glass Fiber Composites |
| Key market players worldwide | Toray Industries Inc, Teijin Ltd, Hexcel Corp, SGL Group, Cytec Industries, Owens-Corning Inc, DuPont de Nemours Inc, Huntsman Corp, Formosa Plastics Group, Plasan Carbon Composites |
Other key industry trends
- In terms of revenue, North America region accounted for 37.7% of the global advanced composites market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 18,826.3 million by 2030.
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Advanced Composites Market Scope
Advanced Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America advanced composites market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced composites market will help companies and investors design strategic landscapes.
Carbon fiber composites was the largest segment with a revenue share of 57.62% in 2021. Horizon Databook has segmented the North America advanced composites market based on aramid fiber composites, carbon fiber composites, glass fiber composites covering the revenue growth of each sub-segment from 2017 to 2030.
- North America Advanced Composites Product Outlook (Revenue, USD Million, 2017-2030)
- Aramid Fiber Composites
- Aerospace & Defense
- Automotive
- Wind Energy
- Sporting Goods
- Others
- Carbon Fiber Composites
- Aerospace & Defense
- Automotive
- Wind Energy
- Sporting Goods
- Pipes & Tanks
- Construction
- Marine
- Others
- Glass Fiber Composites
- Aerospace & Defense
- Automotive
- Wind Energy
- Sporting Goods
- Pipes & Tanks
- Construction
- Marine
- Others
- Aramid Fiber Composites
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Our clientele includes a mix of advanced composites market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America advanced composites market , including forecasts for subscribers. This continent databook contains high-level insights into North America advanced composites market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America advanced composites market size, by country, 2017-2030 (US$M)
North America Advanced Composites Market Outlook Share, 2021 & 2030 (US$M)
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