Product Code: GVR-4-68040-461-6
Laminar Composites Market Size & Trends:
The global laminar composites market size was estimated at USD 27.11 billion in 2023 and is forecasted to grow at a CAGR of 7.3% from 2024 to 2030. The market is primarily driven by the increasing demand for lightweight and high-strength materials across various industries, including aerospace, automotive, construction, and wind energy. In the aerospace and automotive sectors, the growing need to enhance fuel efficiency and reduce emissions is pushing manufacturers to adopt laminar composites owing to their superior strength-to-weight ratio. Moreover, the growth of the renewable energy sector, particularly wind energy, is boosting the demand for laminar composites in turbine blades, as these materials offer excellent fatigue resistance, corrosion resistance, and durability, which are critical for high-performance applications.
The ongoing advancements in composite manufacturing technologies, such as resin transfer molding (RTM), automated fiber placement (AFP), and additive manufacturing are making the production of laminar composites more efficient and cost-effective. These technological advancements are enabling faster production rates, reducing material waste, and allowing for more complex and customized designs, which are essential for meeting the specific requirements of different applications. Furthermore, increasing investment in research and development to create next-generation composite materials with enhanced properties, such as improved thermal stability and damage tolerance, is further propelling market growth.
The market presents significant opportunities, particularly in the realm of sustainable and eco-friendly composites. As industries increasingly focus on reducing carbon footprints and adhering to environmental regulations, the development of bio-based and recyclable composites offers a promising growth avenue. Innovations in green composites, such as those made from natural fibers or recycled materials, are gaining traction as they provide the benefits of traditional composites while addressing environmental concerns. Additionally, the exploration of new applications in emerging sectors, such as electric vehicles (EVs), urban air mobility, and advanced infrastructure projects, offer new market opportunities for the product.
However high production costs and the complexity of manufacturing processes pose a challenge for product demand. The initial investment required for composite production is significantly higher than for conventional materials, which can deter adoption of the product, especially among small and medium-sized enterprises. The specialized equipment, skilled labor, and stringent quality control needed to produce laminar composites contribute to their high cost, making them less accessible for certain industries and applications. Additionally, the lengthy development and testing phases for new composite materials can delay time-to-market, further limiting their widespread use.
The competitive landscape of the laminar composites market is characterized by the presence of both established players and emerging companies focusing on innovation and advanced material solutions. Key players such as Hexcel Corporation, Toray Advanced Composites, JEC Group, and Evonik. dominate the market with their extensive product portfolios, strong global presence, and ongoing investments in research and development. These companies are actively engaged in strategic collaborations, mergers and acquisitions, and technological innovations to strengthen their market position and expand their product offerings to cater to diverse industry needs.
Global Laminar Composites Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global laminar composites market report based on the application, manufacturing process, and region:
- Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Automotive
- Aerospace
- Construction
- Electrical & Electronics
- Other Applications
- Manufacturing Process Outlook (Revenue, USD Billion, 2018 - 2030)
- Brazing
- Coextrusion
- Explosive Bonding
- Roll Bonding
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Central & South America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Billion)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Laminar Composites Market Variables, Trends & Scope
- 3.1. Market Ancillary/Lineage Outlook
- 3.2. Laminar Composites Market - Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Laminar Composites Market - Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenge Analysis
- 3.6. Laminar Composites Market - Business Environment Analysis
- 3.6.1. PESTLE Analysis by SWOT
- 3.6.2. Porter's Five Forces Analysis
- 3.7. Market Disruption Analysis
Chapter 4. Laminar Composites Market: Application Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Application Movement Analysis & Market Share, 2023 & 2030
- 4.3. Laminar Composites Market By Application, 2018 - 2030 (USD Billion)
- 4.4. Automotive
- 4.4.1. Laminar Composites Market Estimates & Forecasts, for Automotive, 2018 & 2030 (USD Billion)
- 4.5. Aerospace
- 4.5.1. Laminar Composites Market Estimates & Forecasts, for Aerospace, 2018 & 2030 (USD Billion)
- 4.6. Construction
- 4.6.1. Laminar Composites Market Estimates & Forecasts, for Construction, 2018 & 2030 (USD Billion)
- 4.7. Electrical & Electronics
- 4.7.1. Laminar Composites Market Estimates & Forecasts, for Electrical & Electronics, 2018 & 2030 (USD Billion)
- 4.8. Other Applications
- 4.8.1. Laminar Composites Market Estimates & Forecasts, for Other Applications, 2018 & 2030 (USD Billion)
Chapter 5. Laminar Composites Market: Manufacturing Process Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Manufacturing Process Movement Analysis & Market Share, 2023 & 2030
- 5.3. Laminar Composites Market By Manufacturing Process, 2018 - 2030 (USD Billion)
- 5.4. Brazing
- 5.4.1. Laminar Composites Market Estimates & Forecasts by Brazing, 2018 & 2030 (USD Billion)
- 5.5. Coextrusion
- 5.5.1. Laminar Composites Market Estimates & Forecasts by Coextrusion, 2018 & 2030 (USD Billion)
- 5.6. Explosive Bonding
- 5.6.1. Laminar Composites Market Estimates & Forecasts by Explosive Bonding, 2018 & 2030 (USD Billion)
- 5.7. Roll Bonding
- 5.7.1. Laminar Composites Market Estimates & Forecasts by Roll Bonding, 2018 & 2030 (USD Billion)
Chapter 6. Laminar Composites Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2023 & 2030
- 6.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Billion)
- 6.4. North America
- 6.4.1. North America Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.4.2. North America Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.4.3. North America Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.4.4. U.S.
- 6.4.4.1. U.S. Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.4.4.2. U.S. Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.4.4.3. U.S. Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.4.5. Canada
- 6.4.5.1. Canada Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.4.5.2. Canada Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.4.5.3. Canada Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.4.6. Mexico
- 6.4.6.1. Mexico Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.4.6.2. Mexico Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.4.6.3. Mexico Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.5. Europe
- 6.5.1. Europe Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.5.2. Europe Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.5.3. Europe Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.5.4. Germany
- 6.5.4.1. Germany Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.5.4.2. Germany Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.5.4.3. Germany Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.5.5. UK
- 6.5.5.1. UK Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.5.5.2. UK Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.5.5.3. UK Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.5.6. France
- 6.5.6.1. France Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.5.6.2. France Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.5.6.3. France Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.5.7. Spain
- 6.5.7.1. Spain Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.5.7.2. Spain Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.5.7.3. Spain Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.5.8. Italy
- 6.5.8.1. Italy Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.5.8.2. Italy Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.5.8.3. Italy Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.6. Asia Pacific
- 6.6.1. Asia Pacific Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.6.2. Asia Pacific Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.6.3. Asia Pacific Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.6.4. China
- 6.6.4.1. China Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.6.4.2. China Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.6.4.3. China Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.6.5. India
- 6.6.5.1. India Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.6.5.2. India Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.6.5.3. India Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.6.6. Japan
- 6.6.6.1. Japan Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.6.6.2. Japan Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.6.6.3. Japan Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.6.7. South Korea
- 6.6.7.1. South Korea Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.6.7.2. South Korea Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.6.7.3. South Korea Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.7. Central & South America
- 6.7.1. Central & South America Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.7.2. Central & South America Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.7.3. Central & South America Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.7.4. Brazil
- 6.7.4.1. Brazil Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.7.4.2. Brazil Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.7.4.3. Brazil Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.8. Middle East & Africa
- 6.8.1. Middle East & Africa Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.8.2. Middle East & Africa Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.8.3. Middle East & Africa Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
- 6.8.4. Saudi Arabia
- 6.8.4.1. Saudi Arabia Laminar Composites Market Estimates & Forecasts, 2018 & 2030 (USD Billion)
- 6.8.4.2. Saudi Arabia Laminar Composites Market Estimates & Forecasts, by Application, 2018 & 2030 (USD Billion)
- 6.8.4.3. Saudi Arabia Laminar Composites Market Estimates & Forecasts, by Manufacturing Process, 2018 & 2030 (USD Billion)
Chapter 7. Supplier Intelligence
- 7.1. Kraljic Matrix
- 7.2. Engagement Model
- 7.3. Negotiation Strategies
- 7.4. Sourcing Best Practices
- 7.5. Vendor Selection Criteria
Chapter 8. Competitive Analysis
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Company Listings
- 8.5.1. 3A Composites
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. Armacell International S.A.
- 8.5.2.1. Company Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives
- 8.5.3. Changzhou Tiansheng New Materials Co. Ltd
- 8.5.3.1. Company Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Strategic Initiatives
- 8.5.4. Evonik
- 8.5.4.1. Company Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Strategic Initiatives
- 8.5.5. Hexcel Corporation
- 8.5.5.1. Company Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Strategic Initiatives
- 8.5.6. Honeywell International Inc
- 8.5.6.1. Company Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Strategic Initiatives
- 8.5.7. JEC Group
- 8.5.7.1. Company Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Strategic Initiatives
- 8.5.8. Teijin Limited
- 8.5.8.1. Company Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Strategic Initiatives
- 8.5.9. Toray Advanced Composites
- 8.5.9.1. Company Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Strategic Initiatives
- 8.5.10. Mitsubishi Chemical Group Corporation.
- 8.5.10.1. Company Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Strategic Initiatives