Market Size of Laminar Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Laminar Composites Market Analysis
The global laminar composites market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the Weight Saving, Fuel Economy, and Other Performance Benefits offered by the laminar composites. However, high initial production and installation costs associated withlaminar composite manufacturing is hindering the growth of the market studied.
- Growing Innovations targeted at lowering the cost of laminar composite end-products is expected to provide a major growth opportunity for the market studied.
- North America accounts for the highest market share and is expected to dominate the market during the forecast period.
- Among the end-user industries, building & construction industry accounted for the highest market share and is expected to dominate the market studied during the forecast period.
Laminar Composites Industry Segmentation
The Laminar Composites market report includes:
| Manufacturing Process | |
| Brazing | |
| Coextrusion | |
| Explosive Bonding | |
| Roll Bonding |
| Application | |
| Bimetallics | |
| Clad Metals | |
| Laminated Fibrous Composite | |
| Laminated Glass |
| End-user Industry | |
| Aerospace | |
| Automotive | |
| Buildings & Construction | |
| Electrical & Electronics | |
| Sports | |
| Others |
| Geography | ||||||||
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Laminar Composites Market Size Summary
The global laminar composites market is poised for significant growth, driven primarily by the advantages of weight savings, fuel efficiency, and enhanced performance characteristics these materials offer. Despite the challenge posed by high initial production and installation costs, ongoing innovations aimed at reducing the cost of laminar composite end-products present substantial growth opportunities. North America holds the largest market share, with the United States leading due to its robust demand in automotive and construction sectors. The building and construction industry, in particular, is a major consumer of laminar composites, utilizing them for their properties such as low weight, high aesthetics, and increased stiffness. The sector's growth in regions like China, India, the United States, and Germany is expected to further drive demand for these materials.
The market landscape is moderately fragmented, with several key players such as Hexcel Corporation, Evonik, JEC Group, Honeywell International Inc., and Toray Advanced Composites sharing the market space. The United States government’s regulatory standards, which encourage the use of lightweight vehicles, are anticipated to bolster the demand for laminar composites. Additionally, manufacturers are expanding production capacities to meet the growing demand. As a result, North America is expected to maintain its dominance in the global laminar composites market throughout the forecast period.
Laminar Composites Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Weight Saving, Fuel Economy, and Other Performance Benefits Offered by Laminar Composites
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 High Initial Production and Installation Costs of Composites
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1.2.2 Other Restraints
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Manufacturing Process
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2.1.1 Brazing
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2.1.2 Coextrusion
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2.1.3 Explosive Bonding
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2.1.4 Roll Bonding
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2.2 Application
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2.2.1 Bimetallics
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2.2.2 Clad Metals
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2.2.3 Laminated Fibrous Composite
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2.2.4 Laminated Glass
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2.3 End-user Industry
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2.3.1 Aerospace
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2.3.2 Automotive
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2.3.3 Buildings & Construction
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2.3.4 Electrical & Electronics
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2.3.5 Sports
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2.3.6 Others
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 ASEAN Countries
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2.4.1.6 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East & Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East & Africa
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Laminar Composites Market Size FAQs
What is the current Laminar Composites Market size?
The Laminar Composites Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Laminar Composites Market?
Hexcel Corporation, Evonik, JEC Group, Honeywell International Inc and Toray Advanced Composites are the major companies operating in the Laminar Composites Market.
