U.S. Advanced Composites Market Size & Outlook, 2021-2030
U.S. advanced composites market, 2017-2030 (US$M)
Related Markets
U.S. advanced composites market highlights
- The U.S. advanced composites market generated a revenue of USD 7,280.0 million in 2021 and is expected to reach USD 14,455.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.9% 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.
Advanced composites market data book summary
| Market revenue in 2021 | USD 7,280.0 million |
| Market revenue in 2030 | USD 14,455.9 million |
| Growth rate | 7.9% (CAGR from 2021 to 2030) |
| Largest segment | Carbon fiber composites |
| Fastest growing segment | Carbon Fiber Composites |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, U.S. accounted for 21.2% of the global advanced composites market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. advanced composites market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 14,455.9 million by 2030.
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Advanced Composites Market Scope
Advanced Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 60% in 2021. Horizon Databook has segmented the U.S. 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.
- U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. advanced composites market , including forecasts for subscribers. This country databook contains high-level insights into U.S. advanced composites market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. advanced composites market size, by product, 2017-2030 (US$M)
U.S. Advanced Composites Market Outlook Share, 2021 & 2030 (US$M)
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