Asia Pacific Composites Market Size & Outlook, 2022-2030
Asia Pacific composites market, 2018-2030 (US$M)
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Asia Pacific composites market highlights
- The Asia Pacific composites market generated a revenue of USD 42,490.9 million in 2022.
- The market is expected to grow at a CAGR of 8.4% from 2023 to 2030.
- In terms of segment, glass fiber others was the largest revenue generating product in 2022.
- Carbon Fiber is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 42,490.9 million |
| Market revenue in 2030 | USD 81,093.5 million |
| Growth rate | 8.4% (CAGR from 2022 to 2030) |
| Largest segment | Glass fiber others |
| Fastest growing segment | Carbon Fiber |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Glass Fiber Others |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Owens-Corning Inc, PPG Industries Inc, Huntsman Corp, SGL Group, Hexcel Corp, DuPont de Nemours Inc, Compagnie de Saint-Gobain SA, Weyerhaeuser Co, Cytec Industries, Jushi, KINECO, Momentive, Veplas Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.4% of the global composites market in 2022.
- Globally, Asia Pacific 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 81,093.5 million by 2030.
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Composites Market Scope
Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 composites market will help companies and investors design strategic landscapes.
Glass fiber others was the largest segment with a revenue share of 64.2% in 2022. Horizon Databook has segmented the Asia Pacific composites market based on carbon fiber, glass fiber others covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific composite market is projected to grow significantly over the forecast period. The region is one of the most lucrative destinations for automotive, construction, aerospace, and electronics manufacturers owing to the presence of key manufacturers in the major economies including China, India, and Japan.
Developing countries, such as India and China, are expected to witness faster gains owing to the expansion of manufacturing sector coupled with robust growth in automotive production in the region. The Asia Pacific is projected to witness significant growth in the composites market over the forecast period.
The profitability of the region is also increasing on account of factors such as the increase in air passenger traffic, rise in automotive vehicle production, and ambitious electrical & electronics production capacity addition targets set by various governments in the Asia Pacific including China, India, Japan, and South Korea.
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Target buyers of Asia Pacific composites market databook
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Our clientele includes a mix of 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 Asia Pacific composites market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific composites market size, by country, 2018-2030 (US$M)
Asia Pacific Composites Market Outlook Share, 2022 & 2030 (US$M)
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