Germany Composites Market Size & Outlook, 2022-2030
Germany composites market, 2018-2030 (US$M)
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Germany composites market highlights
- The Germany composites market generated a revenue of USD 6,353.8 million in 2022 and is expected to reach USD 10,124.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 6% 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.
Composites market data book summary
| Market revenue in 2022 | USD 6,353.8 million |
| Market revenue in 2030 | USD 10,124.4 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Glass fiber others |
| Fastest growing segment | Carbon Fiber |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Germany accounted for 6.8% of the global composites market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany composites market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,669.2 million by 2030.
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Composites Market Scope
Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 56.77% in 2022. Horizon Databook has segmented the Germany composites market based on carbon fiber, glass fiber others covering the revenue growth of each sub-segment from 2018 to 2030.
Germany was estimated as the largest composites market in Europe in 2021 and is projected to continue its dominance over the forecast period. The country is one of the largest consumers and producers of composites in the region, driven by the rising product demand from the aerospace and automotive industries.
Glass fiber composites are expected to gain share owing to the high demand in automotive industry for manufacturing of the exterior as well as interior auto-body. The growing automotive industry is expected to have a positive demand on the glass and carbon composites demand in Germany.
The shifting trend towards the development of lightweight and more efficient vehicles in the German automobile industry is expected to have a positive impact on the market. Growing automotive industry in Germany is expected to be a key factor driving demand for composites in automotive components.
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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 country-level data and insights on the Germany composites market , including forecasts for subscribers. This country databook contains high-level insights into Germany composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany composites market size, by product, 2018-2030 (US$M)
Germany Composites Market Outlook Share, 2022 & 2030 (US$M)
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