Top Companies in Advanced Composites Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Advanced Composites Market is expected to reach USD 58.4 Billion by the year 2030 at a CAGR of 8.9% over the forecast period.
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Vantage Market Research has recently published a new report on the “Advanced Composites Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in the Advanced Composites Market. Some of the key statistics in this report highlight that Global Advanced Composites Market was valued at USD 32.2 Billion in 2022 and is expected to reach USD 58.4 Billion by the year 2030 at a CAGR of 8.9% over the forecast period. The global Advanced Composites market will continue to expand due to rising demand from different end-user sectors, including sporting goods, aerospace, wind energy, electronics, medical, automotive, and construction industries.
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A few of the top companies operating in the advanced composites market include Toray Industries Inc. (Japan), Teijin Limited (Japan), Hexcel Corporation (U.S.), Owens Corning (U.S.), SGL Carbon SE (Germany), Solvay S.A. (Belgium), Mitsubishi Chemical Holdings Corporation (Japan), Koninklijke Ten Cate BV (Netherlands), Huntsman Corporation (U.S.), and BASF SE (Germany). These companies are actively involved in research and development activities to introduce new and innovative products to meet the evolving demands of various end-use industries. Furthermore, strategic partnerships, collaborations, and acquisitions are also prevalent in the market as companies aim to expand their market presence and strengthen their product portfolios.
Let’s Take a Look at the Top Market Players that are Captivating the Advanced Composites Market
- Toray Industries Inc. (Japan)
Toray Industries Inc. is a Japanese multinational corporation specializing in advanced materials and chemical products. The company’s headquarters is located in Tokyo, Japan. Toray Industries has a global presence with over 300 subsidiaries and affiliates operating in over 30 countries. The company has over 240 offices and plants worldwide and employs over 47,000 people. In recent years, Toray Industries has been focusing on expanding its production capacity for carbon fiber products and investing in R&D to develop new and innovative materials.
- Teijin Limited (Japan)
Teijin Limited is a Japanese chemical company that produces advanced fibers and composites. The company’s headquarters is located in Tokyo, Japan. Teijin Limited has a global presence with operations in more than 20 countries. The company has over 150 offices and plants worldwide and employs over 20,000 people. In recent years, Teijin Limited has focused on expanding its production capacity for high-performance fibers and composites and developing new materials for various applications.
- Hexcel Corporation (U.S.)
Hexcel Corporation is an American company that produces advanced composites for aerospace and industrial applications. The company’s headquarters are in Stamford, Connecticut. Hexcel Corporation has a global presence with operations in over 20 countries. The company has over 50 offices and plants worldwide and employs over 6,000 people. In recent years, Hexcel Corporation has been focusing on expanding its production capacity for carbon fiber products and investing in R&D to develop new and innovative materials.
- Owens Corning (U.S.)
Owens Corning is an American company that produces insulation, roofing, and composite materials. The company’s headquarters is located in Toledo, Ohio. Owens Corning has a global presence with operations in more than 30 countries. The company has over 200 offices and plants worldwide and employs over 19,000 people. In recent years, Owens Corning has been focusing on expanding its production capacity for composites and investing in R&D to develop new materials for various applications.
- SGL Carbon SE (Germany)
SGL Carbon SE is a German company that produces carbon-based products, including composites. The company’s headquarters is located in Wiesbaden, Germany. SGL Carbon SE has a global presence with operations in over 30 countries. The company has over 50 offices and plants worldwide and employs over 5,000 people. In recent years, SGL Carbon SE has been focusing on expanding its production capacity for carbon fiber products and investing in R&D to develop new and innovative materials.
- Solvay S.A. (Belgium)
Solvay S.A. is a Belgian chemical company that produces advanced materials and specialty chemicals. The company’s headquarters is located in Brussels, Belgium. Solvay S.A. has a global presence with operations in more than 50 countries. The company has over 100 offices and plants worldwide and employs over 27,000 people. In recent years, Solvay S.A. has been focusing on expanding its production capacity for composites and investing in R&D to develop new materials for various applications.
- Mitsubishi Chemical Holdings Corporation (Japan)
Mitsubishi Chemical Holdings Corporation is a Japanese chemical company that produces advanced materials and specialty chemicals. The company’s headquarters is located in Tokyo, Japan. Mitsubishi Chemical Holdings Corporation has a global presence with operations in over 30 countries. The company has over 200 offices and plants worldwide and employs over 60,000 people. In recent years, Mitsubishi Chemical Holdings Corporation has been focusing on expanding its production capacity for composites and investing in R&D to develop new materials for various applications.
- Koninklijke Ten Cate BV (Netherlands)
Koninklijke Ten Cate BV is a Dutch advanced materials company that produces composites for aerospace and industrial applications. The company’s headquarters is located in Almelo, Netherlands. Koninklijke Ten Cate BV has a global presence with operations in over 20 countries. The company has over 30 offices and plants worldwide and employs over 4,000 people. In recent years, Koninklijke Ten Cate BV has been focusing on expanding its production capacity for composites and investing in R&D to develop new materials for various applications.
- Huntsman Corporation (U.S.)
Huntsman Corporation is an American chemical company that produces specialty chemicals and advanced materials. The company’s headquarters is located in The Woodlands, Texas. Huntsman Corporation has a global presence with operations in more than 30 countries. The company has over 70 offices and plants worldwide and employs over 10,000 people. In recent years, Huntsman Corporation has been focusing on expanding its production capacity for composites and investing in R&D to develop new materials for various applications.
- BASF SE (Germany)
BASF SE is a German chemical company that produces various chemical products, including advanced materials and composites. The company’s headquarters is located in Ludwigshafen, Germany. BASF SE has a global presence with operations in more than 80 countries. The company has over 390 offices and plants worldwide and employs over 110,000 people. In recent years, BASF SE has been focusing on expanding its production capacity for composites and investing in R&D to develop new materials for various applications.
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