Italy Composites Market Size & Outlook, 2022-2030
Italy composites market, 2018-2030 (US$M)
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Italy composites market highlights
- The Italy composites market generated a revenue of USD 2,780.3 million in 2022 and is expected to reach USD 4,668.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 6.7% 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 2,780.3 million |
| Market revenue in 2030 | USD 4,668.3 million |
| Growth rate | 6.7% (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, Italy accounted for 3.0% 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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Italy 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 54.91% in 2022. Horizon Databook has segmented the Italy composites market based on carbon fiber, glass fiber others covering the revenue growth of each sub-segment from 2018 to 2030.
Italy is a major manufacturer of automobiles in the world and has seen an increasing demand for electric vehicles that is anticipated to increase the demand for composites used in their internal electrical components.
Brands like Lamborghini, Maserati, and Ferrari present in Italy uses carbon fiber composites for the production of various automobiles owing to its lightweight feature. Various automotive companies are also indulged in research & development of carbon fiber technology, for instance, Lamborghini with partnership with Boeing is involved with research for composite materials to gain a competitive edge.
Green vehicle initiative in Italy with a focus on reducing pollution by controlling emission from the automotive exhaust is a major driver for composites market growth. Prevailing Euro 6 emission norms are pushing manufacturers to design a more refined vehicle that creates lesser pollution.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy composites market , including forecasts for subscribers. This country databook contains high-level insights into Italy composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy composites market size, by product, 2018-2030 (US$M)
Italy Composites Market Outlook Share, 2022 & 2030 (US$M)
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