United States Composite Material Market was valued at USD 28.7 Billion in 2022 and is projected to reach USD 43.2 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030.
The US Composite Material Market has experienced a significant surge in recent years, driven by industries seeking advanced solutions for performance, durability, and sustainability. The demand for composite materials, such as carbon fiber, glass fiber, and aramid fiber, is on the rise across multiple sectors, including aerospace, automotive, construction, and renewable energy. These materials are highly valued for their lightweight properties, resistance to corrosion, and strength, making them essential in industries where high-performance materials are required.
In the aerospace sector, the need for composites is fueled by the increasing demand for fuel-efficient, lightweight aircraft. Composites help in reducing the overall weight of aircraft, which translates to lower fuel consumption and reduced emissions. Similarly, the automotive industry is increasingly adopting composite materials to manufacture lightweight yet durable vehicles, contributing to better fuel efficiency and lower carbon footprints. Automotive manufacturers are especially keen on composites for electric vehicles (EVs), where the need for reducing weight and improving energy efficiency is paramount.
Another key driver of the composite material market is the construction industry, which uses composites for both structural and non-structural applications. These materials offer enhanced strength while reducing overall building weight, leading to cost savings in materials and labor. Composite materials are also being used in the renewable energy sector, particularly in wind turbine blades, where their ability to withstand harsh environmental conditions while maintaining strength and flexibility is crucial for efficiency and longevity.
The growing demand for composites in the US is closely tied to technological advancements and the need for industries to meet sustainability goals. Industries are increasingly turning to composites for their ability to improve product performance, reduce environmental impact, and lower overall lifecycle costs. As the demand for high-performance materials continues to grow, the US Composite Material Market is expected to expand even further, catering to diverse industrial requirements.
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Element Materials Technology
Henkel AG & CO
KGaA
Exova Group plc
Westmoreland Mechanical Testing & Research Inc
Instron
Matrix Composite Inc
ETIM Composites Testing Laboratory
Mistras Group Inc
Intertek Group plc
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Composite Material Market
Glass Fiber Composites
Carbon Fiber Composites
Aramid Fiber Composites
Natural Fiber Composites
Polymer Matrix Composites (PMC)
Metal Matrix Composites (MMC)
Ceramic Matrix Composites (CMC)
Hybrid Composites
Lay-Up Process
Filament Winding
Resin Transfer Molding (RTM)
Prepreg Lay-Up
Autoclave Process
Aerospace
Automotive
Construction
Marine
Sports and Leisure Goods
Aerospace and Defense
Automotive and Transportation
Industrial
Marine
Electronics and Electrical
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Composite Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Composite Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Composite Material Market, By Type
6. US Composite Material Market, By Application
7. US Composite Material Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Composite Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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