High performance composites are advanced composite materials that exhibit exceptionally high properties such as strength, stiffness, toughness, and heat resistance that surpasses those of traditional materials such as metals, plastics, and ceramics. These materials consist of two or more constituent materials, each with their unique properties, that are combined to create a composite material with superior mechanical and physical properties. High-performance composites are commonly used in applications where weight reduction, enhanced performance, or resistance to wear, corrosion, and extreme temperatures are required. These composites are used in various sectors such as aerospace, automotive, construction, defense, marine, and sports equipment. The global high performance composites market is likely to register a CAGR of over 5.35% with an incremental growth of USD 12.1 billion during the forecast period 2023-2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global high performance composites market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the resin type, fiber type, end user, and region. The global market for high performance composites can be segmented by resin type: thermoplastic, thermoset. According to the research, the thermoset segment had the largest share in the global high performance composites market. High performance composites market is further segmented by fiber type: aramid fiber, carbon fiber, S-glass. In 2022, the carbon fiber segment made up the largest share of revenue generated by the high performance composites market. Based on end user, the high performance composites market is segmented into: aerospace and defense, automotive and industrial, construction, consumer goods, electronics, energy, others. Among these, the automotive and industrial segment was accounted for the highest revenue generator in 2022. On the basis of region, the high performance composites market also can be divided into: North America, Europe, Asia-Pacific, Rest of the World (RoW). North America captured the largest share of the market in 2022.

Market Segmentation
By resin type: thermoplastic, thermoset
By fiber type: aramid fiber, carbon fiber, S-glass
By end user: aerospace and defense, automotive and industrial, construction, consumer goods, electronics, energy, others
By region: North America, Europe, Asia-Pacific, Rest of the World (RoW)

The report also provides analysis of the key companies of the industry and their detailed company profiles including Arkema S.A., BASF SE, China Jushi Co., Ltd., DuPont de Nemours, Inc., Formosa Plastics Corporation, GKN Ltd., Hexcel Corporation, Huntsman Corporation, Johns Manville Corporation, Kolon Industries, Inc., Koninklijke Ten Cate B.V., Kuraray Co., Ltd., Mitsubishi Chemical Corporation, Momentive Inc., Owens Corning Corporation, PPG Industries, Inc., Saudi Basic Industries Corporation (SABIC), SGL Carbon SE, Solvay S.A., Teijin Limited, Toray Industries, Inc., TPI Composites, Inc. (TPI), among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global high performance composites market.
• To classify and forecast the global high performance composites market based on resin type, fiber type, end user, region.
• To identify drivers and challenges for the global high performance composites market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global high performance composites market.
• To identify and analyze the profile of leading players operating in the global high performance composites market.

Why Choose This Report
• Gain a reliable outlook of the global high performance composites market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.