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Long Fiber Thermoset Composites Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Long Fiber Thermoset Composites market, covering insights on market size, growth trends, segmentation, and regional performance from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $3.60 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $7.08 Billion |
| Top Companies | Toray Industries, Inc., SABIC, Solvay S.A., Hexion, Inc. |
| Last Modified Date | 15 Nov 2024 |
Long Fiber Thermoset Composites Market Report (2023 - 2033)
Long Fiber Thermoset Composites Market Overview
What is the Market Size & CAGR of Long Fiber Thermoset Composites market in 2023?
Long Fiber Thermoset Composites Industry Analysis
Long Fiber Thermoset Composites Market Segmentation and Scope
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Long Fiber Thermoset Composites Market Analysis Report by Region
Europe Long Fiber Thermoset Composites Market Report:
Europe is forecasted to grow from $1.01 billion in 2023 to $1.99 billion by 2033. The region's stringent regulations regarding emissions and environmental impact propel the demand for advanced composite materials, particularly in the automotive and aerospace sectors.Asia Pacific Long Fiber Thermoset Composites Market Report:
In the Asia Pacific region, the Long Fiber Thermoset Composites market is projected to grow from $0.76 billion in 2023 to $1.50 billion by 2033, driven by increasing automotive production and rising demand for lightweight materials in various applications. Countries like China and India are significant contributors, focusing on advanced manufacturing capabilities and innovation.North America Long Fiber Thermoset Composites Market Report:
North America's market for Long Fiber Thermoset Composites is anticipated to expand from $1.18 billion in 2023 to $2.31 billion by 2033. This growth is largely attributed to the aerospace and automotive industries, which emphasize lightweighting and performance enhancement as key strategies.South America Long Fiber Thermoset Composites Market Report:
The South American market, although smaller, is expected to double from $0.24 billion in 2023 to $0.46 billion by 2033. Growing investments in the construction and automotive sectors are driving demand, supported by an increasing shift towards sustainable materials.Middle East & Africa Long Fiber Thermoset Composites Market Report:
The Middle East and Africa market is expected to progress from $0.41 billion in 2023 to $0.80 billion by 2033. Growth in construction and automotive demand, alongside increasing awareness of composite materials' benefits, is expected to drive market expansion in this region.Request a custom research report for industry.
Long Fiber Thermoset Composites Market Analysis By Material
Global Long-Fiber Thermoset Composites Market, By Material Market Analysis (2023 - 2033)
In 2023, the market for glass fiber dominates with a size of $2.37 billion, accounting for a 65.79% share. By 2033, it is expected to reach $4.66 billion. Carbon fiber, valued at $0.91 billion in 2023 with a 25.31% share, will grow to $1.79 billion by 2033. Natural fiber will see an increase from $0.32 billion to $0.63 billion, holding an 8.9% market share.
Long Fiber Thermoset Composites Market Analysis By Application
Global Long-Fiber Thermoset Composites Market, By Application Market Analysis (2023 - 2033)
The automotive application leads with a market size of $1.92 billion in 2023 and projected growth to $3.78 billion by 2033, representing a 53.43% share. The aerospace application follows, starting at $0.89 billion and increasing to $1.75 billion (24.68% share). Consumer goods and industrial applications also contribute, with sizes of $0.37 billion to $0.72 billion (10.16% share) and $0.42 billion to $0.83 billion (11.73% share), respectively.
Long Fiber Thermoset Composites Market Analysis By Manufacturing Process
Global Long-Fiber Thermoset Composites Market, By Manufacturing Process Market Analysis (2023 - 2033)
Compression molding leads the manufacturing process with a size of $2.37 billion in 2023, projected to reach $4.66 billion by 2033, holding a 65.79% market share. Injection molding follows with $0.91 billion in 2023, growing to $1.79 billion (25.31% share). Hand layup is expected to grow from $0.32 billion to $0.63 billion (8.9% share) in the same period.
Long Fiber Thermoset Composites Market Analysis By End User Industry
Global Long-Fiber Thermoset Composites Market, By End-User Industry Market Analysis (2023 - 2033)
In 2023, the automotive industry accounts for $2.37 billion with an impressive 65.79% share, set to increase to $4.66 billion by 2033. Aerospace stands at $0.91 billion (25.31% share), projected to reach $1.79 billion. The construction industry shows potential growth from $0.32 billion to $0.63 billion (8.9% share).
Long Fiber Thermoset Composites Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Long Fiber Thermoset Composites Industry
Toray Industries, Inc.:
A global leader in carbon fiber production and advanced composites, Toray emphasizes sustainable manufacturing practices to enhance product performance and ecological impact.SABIC:
Specializing in innovative plastics and composites, SABIC focuses on developing high-performance materials for diverse industries, including automotive and consumer goods.Solvay S.A.:
A key player in advanced materials, Solvay provides innovative solutions in composites, catering to the aerospace and automotive sectors.Hexion, Inc.:
Hexion leads in thermoset resin technologies, producing materials used in various composites to enhance mechanical properties and performance.We're grateful to work with incredible clients.
