Fiber Reinforced Composites Market Size - Segmented by Fiber Type (Carbon Fibers, Fiberglass, Aramid Fibers, Boron Fibers), Matrix (Polymer Matrix Composites, Metal Matrix Composites, Ceramic Composites, Carbon-Carbon Composites, Hybrid Composites), End-User, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Fiber Reinforced Composites Market Size - Segmented by Fiber Type (Carbon Fibers, Fiberglass, Aramid Fibers, Boron Fibers), Matrix (Polymer Matrix Composites, Metal Matrix Composites, Ceramic Composites, Carbon-Carbon Composites, Hybrid Composites), End-User, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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Fiber Reinforced Composites Market

The fiber reinforced composites market is expected to witness a significant growth rate during the forecast period, 2018 to 2023. The major end-user industries of fiber reinforced composites market building & construction, automotive, aerospace, and defense. Properties such as high strength to weight ratio, corrosion resistance, energy absorption on impact, moisture and chemical resistance, and electrical properties makes the fiber reinforced composites a better choice over the conventional products. Growing demand in the retail sporting goods market, emerging wind energy applications, and increasing demand in the aerospace industry are expected to be the major drivers for the growth of fiber reinforced composites market.

Increasing Demand for Fuel-efficient and Lightweight Vehicles Driving the Market

The increase in demand for fuel-efficient vehicles, along with the stringent regulations by the government regarding the automotive pollution is expected to play a key role in driving the fiber reinforced composites market. In the US, the average economy of new vehicles sold in 2017 was 25.2 miles per gallon. The US government has increased the fuel efficiency requirements for new automobiles to 54.5 miles per gallon by 2025, due to which the companies have started using materials such as carbon fiber and glass fiber to make vehicles fuel-efficient and lightweight. Fiber reinforced composites have already started replacing metal in many automotive applications due to their high strength to weight ratio which contributes to lesser fuel consumption. Automotive manufacturers such as Mercedes-Benz, BMW, McLaren, Lamborghini, and Chevrolet, have committed themselves to increase the usage of fiber reinforced composites like carbon fiber so as to reduce the vehicles weight.

North America Holds the Laregest Share for Fiber Reinforced Composites Market

North America has emerged as one of the largest fiber reinforced composites markets in the recent years. The building & construction and automotive industries represent the major outlets for fiber reinforced composites (FRC) and are expected to provide the best opportunities for the growth of the market during the forecast period. This region is expected to register the highest demand for FRC, owing to the increasing demand from aerospace and defense, automotive, wind turbine, and sports/leisure industries. Large concentration of aircraft makers such as Airbus and automobile giants in this region are expected to drive the market in this region.

                                                Fiber Reinforced Composites Market

Aerospace –The Fastest Growing Segment by Usage

The demand for fuel-efficient and long haul aircraft is the major driving factor for the carbon fiber composite industry. Use of carbon fiber composites in wings can reduce the weight of the aircraft by 50,000 pounds. It offers superior strength to weight ratio, high chemical resistance, high stiffness and low thermal expansion. Also, its mechanical properties can be tailored to the application. The use of composite materials in commercial transport aircraft is lucrative as the reduced airframe weight enables better fuel economy and therefore lowers operating costs. Reduced maintenance and longer design life, fewer parts, and reduced tooling and assembly costs are some of the reasons driving the market for carbon fiber in the aerospace industry.

Key Developments in the Fiber Reinforced Composites Market

  • March, 2018: Toray has announced that it has reached an agreement with Koninklijke Ten Cate B.V. to purchase the entire share of its subsidiary TenCate Advanced Composite Holding B.V., a Dutch carbon fiber composite material manufacturer.

Fiber Reinforced Composites Market Major Players

  • Zoltek Corporation
  • Toray Industries, Inc.
  • Quantum Composites
  • Hexcel Corporation
  • AGY
  • Cytec Solvay Group
  • Plasan Carbon Composites
  • PolyOne Corporation
  • TPI Composites
  • SABIC

Reasons to Purchase Fiber Reinforced Composites Market Report

  • Current and future fiber reinforced composites market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market share, and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in excel)

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1. Executive Summary                                  

2. Research Methodology                                           

                2.1 Scope of the Report               

                2.2 Market Definition                    

                2.3 Study Assumptions                 

                2.4 Study Deliverables                  

                2.5 Research Phases                      

3. Fiber Reinforced Composites Market Overview                                       

                3.1 Introduction                               

                3.2 Market Size and Demand Forecast until 2023                              

                3.4 Recent Trends and Developments                   

                3.5 Government Policies & Regulations                 

                3.6 Investment Opportunities                   

                3.7 Cost Analysis                              

4. Market Dynamics                                       

                4.1 Fiber Reinforced Composites Market Drivers                          

                4.2 Fiber Reinforced Composites Market Restraints                    

                4.3 Fiber Reinforced Composites Market Opportunities                            

5. Fiber Reinforced Composites Market Value Chain Analysis                                 

6. Industry Attractiveness - Porter's Five Force Analysis                                

                6.1 Bargaining Power of Suppliers                            

                6.2 Bargaining Power of Consumers                       

                6.3 Threat of New Entrants                         

                6.4 Threat of Substitute Product and Services                    

                6.5 Intensity of Competitive Rivalry                        

7. Market Segmentation and Analysis (Overview, Market Size and Demand Forecast until 2023)                                

                7.1 Fiber Reinforced Composites Market By Fiber Type                             

                                7.1.1 Carbon Fibers        

                                7.1.2 Fiberglass

                                7.1.3 Aramid Fibers        

                                7.1.4 Boron Fibers           

                                7.1.5 Others      

                7.2 Fiber Reinforced Composites Market By Matrix Type                          

                                7.2.1 Polymer Matrix Composites            

                                                7.2.1.1 Thermosetting

                                                7.2.1.2 Thermoplastic

                                7.2.2 Metal Matrix Composites 

                                                7.2.2.1 Nickel

                                                7.2.2.2 Aluminium

                                                7.2.2.3 Refractory

                                                7.2.2.4 Others

                                7.2.3 Ceramic Composites           

                                                7.2.3.1 C/C Ceramic Matrix Composites

                                                7.2.3.2 C/SIC Ceramic Matrix Composites

                                                7.2.3.3 Oxide/Oxide Ceramic Matrix Composites

                                                7.2.3.4 SIC/SIC Ceramic Matrix Composites

                                7.2.4 Carbon-Carbon Composites            

                                7.2.5 Hybrid Composites              

                7.3 Fiber Reinforced Composites Market By End-User                               

                                7.3.1 Building & Construction     

                                7.3.2 Automotive            

                                7.3.3 Electrical and Electronics   

                                7.3.4 Aerospace & Defense        

                                7.3.5 Sporting goods      

                                7.3.6 Wind Energy           

                                7.3.7 Others      

8. Regional Market Analysis (Overview, Market Size and Demand Forecast until 2023)                                    

                8.1 North America Fiber Reinforced Composites Market Size (2018-2023)                           

                                8.1.1 United States Fiber Reinforced Composites Market Size (2018-2023)          

                                8.1.2 Canada Fiber Reinforced Composites Market Size (2018-2023)      

                                8.1.3 Mexico Fiber Reinforced Composites Market Size (2018-2023)      

                                8.1.4 Rest of North America       

                8.2 Europe Fiber Reinforced Composites Market Size (2018-2023)                          

                                8.2.1 Germany Fiber Reinforced Composites Market Size (2018-2023)  

                                8.2.2 United Kingdom Fiber Reinforced Composites Market Size (2018-2023)    

                                8.2.3 France Fiber Reinforced Composites Market Size (2018-2023)        

                                8.2.4 Spain Fiber Reinforced Composites Market Size (2018-2023)          

                                8.2.5 Denmark Fiber Reinforced Composites Market Size (2018-2023)   

                                8.2.6 Italy Fiber Reinforced Composites Market Size (2018-2023)             

                                8.2.7 Rest of Europe      

                8.3 South America Fiber Reinforced Composites Market Size (2018-2023)                           

                                8.3.1 Brazil Fiber Reinforced Composites Market Size (2018-2023)           

                                8.3.2 Argentina Fiber Reinforced Composites Market Size (2018-2023)

                                8.3.3 Rest of South America       

                8.4 Asia-Pacific Fiber Reinforced Composites Market Size (2018-2023)                  

                                8.4.1 China Fiber Reinforced Composites Market Size (2018-2023)          

                                8.4.2 India Fiber Reinforced Composites Market Size (2018-2023)           

                                8.4.3 Japan Fiber Reinforced Composites Market Size (2018-2023)          

                                8.4.4 Australia & New Zealand Fiber Reinforced Composites Market Size (2018-2023)    

                                8.4.5 Rest of Asia-Pacific              

                8.5 Middle-East and Africa Fiber Reinforced Composites Market Size (2018-2023)                           

                                8.5.1 Saudi Arabia Fiber Reinforced Composites Market Size (2018-2023)            

                                8.5.2 South Africa Fiber Reinforced Composites Market Size (2018-2023)             

                                8.5.3 Rest of Middle East and Africa        

9. Fiber Reinforced Composites Market Competitive Landscape                                           

                9.1 Mergers and Acquisitions                     

                9.2 Joint Ventures, Collaborations, and Agreements                       

                9.3 Market Share Analysis                           

                9.4 Strategies Adopted by Leading Players                          

10. Fiber Reinforced Composites Market Key Company Analysis* (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)                                               

                10.1 Zoltek Corporation                

                10.2 Toray Industries, Inc.                           

                10.3 Quantum Composites                         

                10.4 Hexcel Corporation                               

                10.5 AGY                             

                10.6 Cytec Solvay Group                              

                10.7 Plasan Carbon Composites                

                10.8 PolyOne Corporation                           

                10.9 TPI Composites                      

                10.10 SABIC                       

                *List not Exhaustive                       

11. Future of the Fiber Reinforced Composites Market                                             

12. Appendix                                    

                12.1 Contact Us                

                12.2 Disclaimer                 

                **Subject to availability on public domain                                           

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