Global Composites Market

Composites Market Size, Share, Growth Analysis, By Product Type(Glass Fiber, Carbon Fiber), By End-Use(Aerospace & Defense, Automotive & Transportation, Electrical & Electronics, Building & Construction), By Process(Layup Process, Injection Molding Process, Filament Winding Process, Pultrusion Process), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15B2085 | Region: Global | Published Date: June, 2024
Pages: 165 |Tables: 95 |Figures: 76

Composites Market Insights

Composites Market size was valued at USD 91.92 billion in 2019 and is poised to grow from USD 131.47 billion in 2023 to USD 163.97 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

Its exceptional qualities like exceptional tensile strength, fatigue resistance, and enhanced modulus, carbon fibre reinforced polymers (CFRPs) are among the most well-liked goods on the global composites market. Due to its enhanced performance in challenging conditions, the CFRP has numerous applications in the production of aircraft and component parts. These composite materials are being embraced by the industry to address the demand for lighter, more fuel-efficient aircraft. Due to their high demand in the aircraft manufacturing industry, CFRPs are the main source of income for the participants working in the worldwide composites market.

Due to several advantages like a favourable weight-to-strength ratio and reusability, composite materials are widely used in the automotive and transportation sectors. Automobiles, motorcycles, and bicycles are all made of composite materials. Numerous sports vehicles use durable and lightweight composite materials, such as carbon fibre, to achieve the thrilling sense of speed. Many two-wheelers and cycles' chassis are made of composite materials. Additionally, the use of composites in the automotive industry has significantly increased due to the increasing electrification of vehicles to replace conventional fuels.

The automotive category is anticipated to perform better than all other segments in the global composites market due to the widespread use of composite materials. The use of innovative composite materials, which can improve a vehicle's fuel efficiency, in the production of automobiles is another factor contributing to the segment's dominance.

US Composites Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 91.92 billion

Largest Segment

Glass Fiber

Fastest Growth

Glass Fiber

Growth Rate

7.2% CAGR

Global Composites Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Composites Market Segmental Analysis

Global Composite Market is segmented based on Product, Process, End Use, and Region. Based on Product Type the market is further sub segmented into Glass Fiber, Carbon Fiber, and Others, Based on Process the market is further sub segmented into Layup Process, Injection Molding Process, Filament Winding Process, Pultrusion Process, Compression Molding Process, Based on End-Use the market is further sub segmented into Aerospace & Defense, Automotive & Transportation, Electrical & Electronics, Building & Construction, Wind Energy, Marine, and Others, and Based on Region the market is further sub segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Composites Market Analysis By Product Type

In 2021, the glass fibre composites market segment held the top spot and generated roughly 61.1% revenue. These fibres are frequently used in industrial and manufacturing applications due to their advantageous qualities, which include minimal thermal expansion, high stiffness, high temperature tolerance, high chemical resistance, and low weight. Carbon atoms are bound together in parallel-aligned crystals of carbon fibre, and these fibres are joined with other materials to create composites. These fibres are frequently used in industrial and manufacturing applications due to their advantageous qualities, which include minimal thermal expansion, high stiffness, high temperature tolerance, high chemical resistance, and low weight. The penetration of these composites in pipe manufacturing applications has expanded as a result of technological advancements for improving their strength and durability. In addition, the market is expected to be supported in the expected time frame by an increase in demand for high-strength materials in the automotive and aerospace industries. Other goods largely consist of hybrid fibre, silicon carbide fibre, and aromatic polyamide fibre. Carbon and silicon are combined to form silicon carbide fibre. It is a very uncommon mineral called moissanite that occurs in nature and has qualities like high tensile strength, high modulus, and great resilience to high temperatures.

Composites Market Analysis By Manufacturing Process

The layup method dominated the market and generated around 33.7% of the revenue in the composites manufacturing industry in 2020. Over the course of the forecast period, rising production of boats, wind turbine blades, and architectural mouldings is expected to propel the growth of the layup process sector in the worldwide composites market. A variety of items, such as drive shafts for cars, tiny aircraft fuselages, spacecraft constructions, pressure vessels like firefighter oxygen bottles, and others, are now possible thanks to developments in the filament winding process. Over the projected period, the filament winding process is expected to experience expansion due to rising output in the automotive and marine industries.

It is expected that the demand for the injection moulding technique will be aided by the rising demand for lightweight components in the vehicle manufacturing industry. Additionally, the market is likely to be supported in the expected time frame by an increase in demand for high-strength components in the aerospace and marine industries.Pultrusion is a productive process for creating fiber-reinforced composite materials. The method can be applied to thermoplastic matrices made of polybutylene terephthalate (PBT) and polyethylene terephthalate (PET), either by enclosing the glass fibre with thermoplastic matrix sheet material or by impregnating it with thermoplastic matrix powder. An open, heated mould cavity is used in the moulding process known as compression moulding to preheat the material. The method is frequently used in the automotive, aerospace, and marine industries to create larger flat or curved composite parts. Furthermore, the compression moulding method is probably going to gain impetus from applications in the wind energy sector.

Composites Market Analysis By End Use

In 2021, the automotive and transportation category dominated the market and brought in roughly 21.2% revenue. Over the foreseeable term, this market segment is probably going to continue to rule. The transportation industry benefits from composites since the components are much lighter in weight, increasing fuel economy.It is expected that rising consumer and industry demand for high-tech electronics would increase demand for composite materials. Terminal boxes, lamp housings, electrical enclosures, plugs, sockets, and parts for the distribution of energy are some of the electrical and electronics applications for composites that are most frequently used.

Global Composites Market Share By Product, 2021 (%), 2019 (%)

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Composites Market Regional Insights

The results based on our research approach show that over the forecast period, Asia Pacific will hold the greatest revenue share in the global market. Players in this market can expect to benefit greatly from the rising demand in key sectors including electrical & electronics, aerospace & defence, building & construction, and automotive & transportation. Additionally, the regional market is expected to benefit from the cities' fast urbanisation and the presence of numerous manufacturers like Toray Industries Inc. and Mitsubishi Chemical Holdings Corporation.

Due to the expanding demand from the defence & aerospace industry, North America is expected to hold the second-largest market share. More than 50% of the most recent Airbus aircraft in the A350XWB series are composed of these materials, compared to the earlier fleet, which only utilised 2–5% aerospace composites. The use of these materials in aerospace has increased over the past few decades.

Throughout the predicted period, significant growth are expected for Europe. The region's automobile production business is increasingly using lightweight materials due to rising investment on electric vehicles and environmental regulations. After 2020, the regional automotive sector is expected to recover because of expanding partnerships and legislative initiatives promoting intelligent and energy-efficient automobiles.

Global Composites Market By Geography, 2021 - 2028, 2024-2031
  • Largest
  • Fastest

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Composites Market Dynamics

Composites Market Driver

  • For customers who require a wide range of intricately engineered parts, design patterns, and structures, composite materials are used. The sector provides services to a number of sectors, including consumer goods, wind power, automotive, aerospace, and maritime. There are many different ways that these industries use these materials. Regulations, consumer demand, part performance standards, and cost restrictions all influence this usage. The materials, pricing, and process technology, for instance, are very different between the automobile and aerospace industries. Because these materials themselves are so diverse, they can satisfy this wide range of demand. As an illustration, resins, a variety of fibres, equipment, processes, and finishing options are readily available and can be used to fabricate almost any part for any application.
  • The Automotive Industry's Ongoing Efforts to Drive the Market for Lightweight Vehicles Fuel economy and emission standards are what drive the car sector, which is why composites for lightweight materials are always being developed. For instance, the corporate average fuel economy (CAFÉ) guidelines in the US now call for a fleet average of 23.2 km/liter by 2025. The Corporate Average Fuel Consumption (CAFC) in China also has a fleet objective of 20 kilometres per litre. Presently, more than 100 models in the automotive industry call for the use of carbon-fiber reinforced plastic for OEM parts. The market is also being driven by the expanding trend of using thermoplastics in cars. In order to lighten automobiles, lower emissions, and increase fuel economy & economy, original equipment manufacturers (OEMs) use these materials during the production process.

Composites Market Restraint

  • Some of the market dynamics limiting the industry include tight environmental policies and laws, as well as rising limitations and prices for landfill disposal. In addition, the management of composite end-of-life waste is being closely examined due to the growing use of life cycle assessment as a component of the material selection process in many sectors. Since 90 percent of waste in the United Kingdom is currently dumped in landfills, for instance, the industry must address important societal and commercial issues. Additionally, the global increase in plastic garbage has forced legislators to enact strict environmental standards. The outlawing of single-use plastic in a number of nations has drawn attention to the measures adopted by governments to address the issues raised by plastic trash.

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Composites Market Competitive Landscape

Top Players in the Global Composites Market

  • Owens Corning
  • Toray Industries, Inc.
  • Teijin Limited
  • Hexcel Corporation
  • SGL Group
  • Mitsubishi Chemical Holdings Corporation
  • Solvay
  • Gurit Holding AG
  • Jushi Group Co., Ltd.
  • Koninklijke Ten Cate BV
  • Huntsman Corporation
  • Cristex Composite Materials
  • BASF SE
  • Celanese Corporation
  • Sumitomo Bakelite Co., Ltd.
  • Arkema SA
  • Evonik Industries AG
  • Johns Manville Corporation
  • Ashland Global Holdings Inc.
  • DowDuPont Inc.

Composites Market Recent Development

  • InJune 2021, will see Solvay S.A. Access to Novotech's selection of thermoset and thermoplastic composites and adhesive materials made possible thanks to a partnership with the Italian UAM firm. Additionally, it will offer specialised technical assistance for the second prototype of its hybrid Seagull water landing aircraft, scheduled to take flight in late 2021.
  • In June 2021 ,Hexcel Corporation reported that a lightweight camera drone it had created utilising HexPly carbon fibre prepregs had successfully completed its first flight. A group of students from the University of Applied Sciences Upper Austria in Wels created the composite drone using materials provided by Austria's Hexcel Neumarkt.

Composites Key Market Trends

  • Over the past few years, the use of composite materials in the aerospace sector has expanded and changed. Both for business jets and commercial aircraft, aircraft manufacturers are taking steps to increase key structures in thermoplastic. The long fibre reinforced thermoplastics technology was first used by the aircraft industry. Polyetheretherketone (PEEK) or polyetherimide (PEI), both of which contain carbon, are currently the most common thermoplastic compositions in the market. These materials are desirable for aircraft applications because they can be repeatedly melted and moulded, two separate properties. Additionally, thermoplastics offer a high level of durability, which results in lighter constructions with better damage tolerance.
  • According to data published in 2019 by the National Marine Manufacturers Associations (NMMA), Chicago, Illinois, the United States, sales of new powerboats rose by 4% from 2017 to 2018. The need for these materials is still being driven by trends toward more manufacture of outboard-powered boats as well as rising usage of carbon fibre, epoxy resin, and 3D printing. Additionally, the need for lighter hulls and decks without losing performance is being driven by an increase in the size and number of outboard motors per boat. Another trend is the expanding usage of 3D printing in the marine sector, which is raising the demand for carbon composites in this sector and accelerating the transition to 3D-printed moulds.

Composites Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the glass fibre composites market segment dominated the global Composites Market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2021, the Asia Pacific dominated the global Composites Market owing to the region's highly aware and economically stable population.

Report Metric Details
Market size value in 2019 USD 91.92 billion
Market size value in 2031 USD 163.97 billion
Growth Rate 7.2%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Glass Fiber, Carbon Fiber
  • End-Use
    • Aerospace & Defense, Automotive & Transportation, Electrical & Electronics, Building & Construction, Wind Energy, Marine
  • Process
    • Layup Process, Injection Molding Process, Filament Winding Process, Pultrusion Process, Compression, Molding Process
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Owens Corning
  • Toray Industries, Inc.
  • Teijin Limited
  • Hexcel Corporation
  • SGL Group
  • Mitsubishi Chemical Holdings Corporation
  • Solvay
  • Gurit Holding AG
  • Jushi Group Co., Ltd.
  • Koninklijke Ten Cate BV
  • Huntsman Corporation
  • Cristex Composite Materials
  • BASF SE
  • Celanese Corporation
  • Sumitomo Bakelite Co., Ltd.
  • Arkema SA
  • Evonik Industries AG
  • Johns Manville Corporation
  • Ashland Global Holdings Inc.
  • DowDuPont Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Composites Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Composites Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Composites Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Composites Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Composites Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Composites Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Composites Market size was valued at USD 91.92 billion in 2019 and is poised to grow from USD 131.47 billion in 2023 to USD 163.97 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

Top Players in the Composites Market 'Owens Corning', 'Toray Industries, Inc.', 'Teijin Limited', 'Hexcel Corporation', 'SGL Group', 'Mitsubishi Chemical Holdings Corporation', 'Solvay', 'Gurit Holding AG', 'Jushi Group Co., Ltd.', 'Koninklijke Ten Cate BV', 'Huntsman Corporation', 'Cristex Composite Materials', 'BASF SE', 'Celanese Corporation', 'Sumitomo Bakelite Co., Ltd.', 'Arkema SA', 'Evonik Industries AG', 'Johns Manville Corporation', 'Ashland Holdings Inc.', 'DowDuPont Inc.'

For customers who require a wide range of intricately engineered parts, design patterns, and structures, composite materials are used. The sector provides services to a number of sectors, including consumer goods, wind power, automotive, aerospace, and maritime. There are many different ways that these industries use these materials. Regulations, consumer demand, part performance standards, and cost restrictions all influence this usage. The materials, pricing, and process technology, for instance, are very different between the automobile and aerospace industries. Because these materials themselves are so diverse, they can satisfy this wide range of demand. As an illustration, resins, a variety of fibres, equipment, processes, and finishing options are readily available and can be used to fabricate almost any part for any application.

Over the past few years, the use of composite materials in the aerospace sector has expanded and changed. Both for business jets and commercial aircraft, aircraft manufacturers are taking steps to increase key structures in thermoplastic. The long fibre reinforced thermoplastics technology was first used by the aircraft industry. Polyetheretherketone (PEEK) or polyetherimide (PEI), both of which contain carbon, are currently the most common thermoplastic compositions in the market. These materials are desirable for aircraft applications because they can be repeatedly melted and moulded, two separate properties. Additionally, thermoplastics offer a high level of durability, which results in lighter constructions with better damage tolerance.

The results based on our research approach show that over the forecast period, Asia Pacific will hold the greatest revenue share in the market. Players in this market can expect to benefit greatly from the rising demand in key sectors including electrical & electronics, aerospace & defence, building & construction, and automotive & transportation. Additionally, the regional market is expected to benefit from the cities' fast urbanisation and the presence of numerous manufacturers like Toray Industries Inc. and Mitsubishi Chemical Holdings Corporation.

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Global Composites Market

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