複合材料市場－全球產業規模、佔有率、趨勢、機會和預測：按纖維類型、樹脂類型、應用、製造流程、地區和競爭格局分類，2021-2031年

全球複合材料市場預計將從 2025 年的 922.2 億美元成長到 2031 年的 1,456.1 億美元，複合年成長率高達 7.91%。

這些工程材料由兩種或多種不同組成（例如纖維增強材料和聚合物基體）組合而成，展現出單一組分無法實現的優異機械性能。其成長主要受航太和汽車產業對輕量化解決方案的需求所驅動，因為降低結構重量可直接提高燃油效率並減少排放氣體。此外，複合材料固有的耐腐蝕性和高耐久性也推動了其在建築和基礎設施領域的廣泛應用，使其擁有傳統材料往往缺乏的超長使用壽命。 2024年，全球複合材料市場規模達1,350萬噸。然而，該產業面臨許多挑戰，包括熱固性材料的回收難度以及原料生產和高能耗製造流程帶來的高成本。這些因素共同阻礙了複合材料在成本敏感型大規模商業應用中的廣泛標準化。

市場促進因素

風力發電產業的快速擴張是全球複合材料市場的重要驅動力，尤其體現在對先進渦輪葉片的需求上。為了透過增加轉子直徑來最大限度地提高能量捕獲效率，風能產業高度依賴玻璃纖維和碳纖維增強聚合物來提供必要的結構完整性、剛性和輕量化特性。這一趨勢與裝置容量直接相關，因為每新增1吉瓦的風電裝置容量都需要大量的複合材料來生產更輕、更長、更耐用的葉片。到2024年，全球整體風電產業新增裝置容量將達到117吉瓦。同時，高性能複合材料在航太領域的日益普及也持續推動著市場的發展，因為這些尖端材料對於減輕飛機重量和提高燃油效率至關重要。為了滿足嚴格的排放氣體法規和營運成本目標，飛機製造商擴大在機身和機翼等關鍵結構中使用碳纖維複合材料。這項需求得益於2024年766架民航機的交付，反映出強勁的復甦勢頭，將顯著推動上游複合材料的消費。儘管面臨許多經濟挑戰，但這些產業的活躍表現增強了市場的韌性，2019年至2024年期間，市場複合年成長率達到2.7%。

市場挑戰

除了高昂的生產成本外，熱固性材料回收的技術複雜性也是複合材料技術廣泛標準化的一大障礙。與金屬不同，金屬擁有完善的回收基礎設施，且再加工所需的能源相對較低，而聚合物基複合材料的生產週期則需要高能耗，這顯著推高了最終零件的價格。這種經濟差異對大眾市場汽車和基礎設施等價格敏感型產業構成重大障礙，阻礙了複合材料在大規模生產應用中的普及。因此，市場仍然主要局限於性能足以支撐溢價的專業化、小批量生產領域，從而限制了該領域大規模商業化的潛力。這些經濟和環境限制因素的直接影響體現在區域市場的萎縮上，預計2024年，歐洲複合材料總產量將下降約5.6%，至241.6萬噸。這一下降趨勢表明，由於高昂的製造成本和嚴格的永續性要求的雙重壓力，工業產量實際上正在下降。由於無法有效回收這些昂貴的材料，關鍵商業市場的成長持續受到阻礙。

市場趨勢

在全球轉型為零排放重型運輸車輛和工業能源基礎設施之際，先進碳纖維儲存槽的研發正迅速成為關鍵趨勢。與電池式電動車不同，氫燃料電池系統需要採用高強度碳纖維製成的高壓IV型儲氫罐，以確保長途運輸的安全性和輕量化設計。這項應用正在複合材料產業內打造一個獨特的高價值細分市場，有效地擺脫了建築等傳統週期性市場的束縛，並協助氫能經濟的快速發展。這一發展勢頭在主要市場參與者的財務業績中得到了清晰體現；Hexagon Purus的「氫能交通基礎設施」業務板塊銷售額同比成長40%，預計2024年將達到17.82億挪威克朗。這凸顯了複合材料壓力容器的工業需求激增。同時，可回收熱塑性複合材料的採用正在加速，重塑市場材料結構，以解決傳統熱固性樹脂嚴重的廢舊處理問題。製造商正加速向連續纖維增強熱塑性塑膠（CFRTP）和有機片材轉型，這些材料具有可重熔和可再加工的獨特性能，從而促進循環經濟並顯著減少廢棄物。這種轉變也得益於這些材料的快速加工週期，與固化時間較長的環氧樹脂相比，它們更適合汽車產業的生產節奏，滿足大規模生產的需求。區域市場動態也從數據上證實了這種結構性轉變。在歐洲市場，熱塑性複合材料的主導地位日益增強，預計2024年將佔總產量的58.2%。這表明，儘管景氣衰退，熱塑性複合材料依然展現出強大的韌性，並日益成為熱固性樹脂的替代品。

目錄

第1章概述

第2章：調查方法

第3章執行摘要

第4章：客戶心聲

第5章：全球複合材料市場展望

• 市場規模及預測
  • 按金額
• 市佔率及預測
  • 纖維類型（碳纖維複合材料、玻璃纖維複合材料、其他）
  • 依樹脂類型（熱塑性複合材料、熱固性複合材料）
  • 依應用領域（交通運輸、航太與國防、風力發電、電氣與電子、建築、管線與儲槽、船舶、其他）
  • 依製造流程（積層法、長絲、射出成型、Plutonion成型、壓縮成型、RTM成型等）
  • 按地區
  • 按公司（2025 年）
• 市場地圖

第6章：北美複合材料市場展望

• 市場規模及預測
• 市佔率及預測
• 北美洲：國別分析
  • 美國
  • 加拿大
  • 墨西哥

第7章：歐洲複合材料市場展望

• 市場規模及預測
• 市佔率及預測
• 歐洲：國別分析
  • 德國
  • 法國
  • 英國
  • 義大利
  • 西班牙

第8章：亞太複合材料市場展望

• 市場規模及預測
• 市佔率及預測
• 亞太地區：國別分析
  • 中國
  • 印度
  • 日本
  • 韓國
  • 澳洲

第9章：中東和非洲複合材料市場展望

• 市場規模及預測
• 市佔率及預測
• 中東與非洲：國別分析
  • 沙烏地阿拉伯
  • 阿拉伯聯合大公國
  • 南非

第10章：南美洲複合材料市場展望

• 市場規模及預測
• 市佔率及預測
• 南美洲：國別分析
  • 巴西
  • 哥倫比亞
  • 阿根廷

第11章 市場動態

• 促進因素
• 任務

第12章 市場趨勢與發展

• 併購
• 產品發布
• 近期趨勢

第13章 全球複合材料市場：SWOT分析

第14章：波特五力分析

• 產業競爭
• 新進入者的潛力
• 供應商的議價能力
• 顧客權力
• 替代品的威脅

第15章 競爭格局

• Huntsman International LLC
• Hexcel Corporation
• Teijin Limited
• SGL Carbon SE
• Mitsubishi Chemical Holdings Corporation
• Toray Industries, Inc.
• Dow Inc.
• Halocarbon LLC
• Freudenberg SE
• The Chemours Company

第16章 策略建議

第17章：關於研究公司及免責聲明

The global composites market is set to expand from USD 92.22 billion in 2025 to USD 145.61 billion by 2031, exhibiting a robust CAGR of 7.91%. These engineered materials, formed by combining two or more distinct constituents like fiber reinforcement and a polymer matrix, achieve superior mechanical properties unattainable by individual components. This growth is primarily fueled by the imperative for lightweight solutions in the aerospace and automotive industries, directly linking reduced structural weight to enhanced fuel efficiency and lower emissions. Additionally, the inherent corrosion resistance and high durability of composites bolster their extensive use in construction and infrastructure, offering longevity often lacking in traditional materials. In 2024, the global volume of the composites market reached 13.5 million tonnes. However, the industry grapples with significant hurdles, including the challenging recycling of thermoset materials and the high costs associated with raw material production and energy-intensive manufacturing processes, which collectively limit their widespread standardization in cost-sensitive, high-volume commercial applications.

Market Driver

The rapid expansion of the wind energy sector stands as a pivotal driver for the global composites market, particularly due to the demand for modern turbine blades. As operators increasingly seek to maximize energy capture through larger rotor diameters, the industry relies heavily on glass and carbon fiber-reinforced polymers to provide the necessary structural integrity, stiffness, and lightweight properties. This trend directly correlates with installation volumes, as substantial composite consumption is required for each new gigawatt of capacity to produce lighter, longer, and more durable blades; in 2024, the industry installed 117 GW of new wind energy capacity globally. Concurrently, the growing adoption of high-performance composites in the aerospace industry remains a critical catalyst, as these advanced materials are essential for reducing aircraft weight and improving fuel efficiency. Airframe manufacturers are increasingly integrating carbon fiber composites into primary structures like fuselages and wings to meet stringent emission targets and operational cost goals. This demand is evidenced by 766 commercial aircraft deliveries in 2024, reflecting a strong recovery that significantly drives upstream composite consumption. Despite broader economic challenges, these sectoral activities contribute to the market's resilience, which recorded a Compound Annual Growth Rate of 2.7% during the 2019-2024 cycle.

Market Challenge

The prohibitive cost of production, coupled with the technical complexity of recycling thermoset materials, constitutes a primary barrier to the broader standardization of composite technologies. Unlike metals, which benefit from established recycling infrastructure and lower energy requirements for reprocessing, polymer-based composites demand energy-intensive manufacturing cycles that significantly inflate the final component price. This economic disparity creates a formidable hurdle for price-sensitive sectors, such such as mass-market automotive and general infrastructure, impeding the adoption of composites for high-volume applications. Consequently, the market remains largely confined to specialized, lower-volume segments where performance justifies the premium, thereby capping the sector's potential for mass commercialization. The direct impact of these economic and environmental constraints is evident in regional market contractions, with Europe's total production volume of composite materials declining by approximately 5.6% to 2.416 million tonnes in 2024. This downward trend underscores how the dual pressures of high manufacturing costs and stringent sustainability mandates are actively reducing industrial output, as the inability to efficiently recycle these expensive materials continues to hinder growth in key commercial markets.

Market Trends

The development of advanced carbon fiber hydrogen storage tanks is rapidly emerging as a critical trend, propelled by the global transition toward zero-emission heavy-duty transport and industrial energy infrastructure. Unlike battery-electric solutions, hydrogen fuel cell systems require high-pressure Type IV vessels manufactured with high-strength carbon fiber to ensure both safety and lightweight performance for long-range mobility. This application is creating a distinct high-value sub-segment within the composites industry, effectively decoupling from traditional cyclical markets like construction to serve the burgeoning hydrogen economy. This momentum is evident in the financial performance of key market players, with Hexagon Purus's Hydrogen Mobility and Infrastructure segment recording a revenue increase of 40% year-over-year, reaching NOK 1,782 million in 2024, underscoring the surging industrial demand for composite pressure vessels. Concurrently, the acceleration of recyclable thermoplastic composite adoption is reshaping the market's material composition to address the severe end-of-life limitations of traditional thermosets. Manufacturers are increasingly pivoting toward continuous fiber-reinforced thermoplastics (CFRTP) and organosheets, which uniquely offer the ability to be remelted and reprocessed, thereby facilitating a circular economy and significantly reducing scrap waste. This shift is further incentivized by these materials' rapid processing cycles, which are better suited for high-volume automotive production rates compared to slow-curing epoxies. This structural transition is quantifiable in regional market dynamics, as thermoplastic composites increased their dominance in the European market, accounting for a 58.2% share of the total production volume in 2024, proving their resilience and growing preference over thermoset alternatives despite broader economic downturns.

Key Market Players

• Huntsman International LLC
• Hexcel Corporation
• Teijin Limited
• SGL Carbon SE
• Mitsubishi Chemical Holdings Corporation
• Toray Industries, Inc.
• Dow Inc.
• Halocarbon LLC
• Freudenberg SE
• The Chemours Company

Report Scope

In this report, the Global Composites Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Composites Market, By Fiber Type

• Carbon Fiber Composites
• Glass Fiber Composites
• Others

Composites Market, By Resin Type

• Thermoplastic Composites
• Thermosetting Composites

Composites Market, By Application

• Transportation
• Aerospace & Defense
• Wind Energy
• Electricals & Electronics
• Construction
• Pipes & Tanks
• Marine
• Others

Composites Market, By Manufacturing Process

• Layup
• Filament
• Injection molding
• Pultrusion
• Compression molding
• RTM
• Others

Composites Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Composites Market.

Available Customizations:

Global Composites Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Composites Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Fiber Type (Carbon Fiber Composites, Glass Fiber Composites, Others)
  • 5.2.2. By Resin Type (Thermoplastic Composites, Thermosetting Composites)
  • 5.2.3. By Application (Transportation, Aerospace & Defense, Wind Energy, Electricals & Electronics, Construction, Pipes & Tanks, Marine, Others)
  • 5.2.4. By Manufacturing Process (Layup, Filament, Injection molding, Pultrusion, Compression molding, RTM, Others)
  • 5.2.5. By Region
  • 5.2.6. By Company (2025)
• 5.3. Market Map

6. North America Composites Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Fiber Type
  • 6.2.2. By Resin Type
  • 6.2.3. By Application
  • 6.2.4. By Manufacturing Process
  • 6.2.5. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Composites Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Fiber Type
      • 6.3.1.2.2. By Resin Type
      • 6.3.1.2.3. By Application
      • 6.3.1.2.4. By Manufacturing Process
  • 6.3.2. Canada Composites Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Fiber Type
      • 6.3.2.2.2. By Resin Type
      • 6.3.2.2.3. By Application
      • 6.3.2.2.4. By Manufacturing Process
  • 6.3.3. Mexico Composites Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Fiber Type
      • 6.3.3.2.2. By Resin Type
      • 6.3.3.2.3. By Application
      • 6.3.3.2.4. By Manufacturing Process

7. Europe Composites Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Fiber Type
  • 7.2.2. By Resin Type
  • 7.2.3. By Application
  • 7.2.4. By Manufacturing Process
  • 7.2.5. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Composites Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Fiber Type
      • 7.3.1.2.2. By Resin Type
      • 7.3.1.2.3. By Application
      • 7.3.1.2.4. By Manufacturing Process
  • 7.3.2. France Composites Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Fiber Type
      • 7.3.2.2.2. By Resin Type
      • 7.3.2.2.3. By Application
      • 7.3.2.2.4. By Manufacturing Process
  • 7.3.3. United Kingdom Composites Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Fiber Type
      • 7.3.3.2.2. By Resin Type
      • 7.3.3.2.3. By Application
      • 7.3.3.2.4. By Manufacturing Process
  • 7.3.4. Italy Composites Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Fiber Type
      • 7.3.4.2.2. By Resin Type
      • 7.3.4.2.3. By Application
      • 7.3.4.2.4. By Manufacturing Process
  • 7.3.5. Spain Composites Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Fiber Type
      • 7.3.5.2.2. By Resin Type
      • 7.3.5.2.3. By Application
      • 7.3.5.2.4. By Manufacturing Process

8. Asia Pacific Composites Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Fiber Type
  • 8.2.2. By Resin Type
  • 8.2.3. By Application
  • 8.2.4. By Manufacturing Process
  • 8.2.5. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Composites Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Fiber Type
      • 8.3.1.2.2. By Resin Type
      • 8.3.1.2.3. By Application
      • 8.3.1.2.4. By Manufacturing Process
  • 8.3.2. India Composites Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Fiber Type
      • 8.3.2.2.2. By Resin Type
      • 8.3.2.2.3. By Application
      • 8.3.2.2.4. By Manufacturing Process
  • 8.3.3. Japan Composites Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Fiber Type
      • 8.3.3.2.2. By Resin Type
      • 8.3.3.2.3. By Application
      • 8.3.3.2.4. By Manufacturing Process
  • 8.3.4. South Korea Composites Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Fiber Type
      • 8.3.4.2.2. By Resin Type
      • 8.3.4.2.3. By Application
      • 8.3.4.2.4. By Manufacturing Process
  • 8.3.5. Australia Composites Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Fiber Type
      • 8.3.5.2.2. By Resin Type
      • 8.3.5.2.3. By Application
      • 8.3.5.2.4. By Manufacturing Process

9. Middle East & Africa Composites Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Fiber Type
  • 9.2.2. By Resin Type
  • 9.2.3. By Application
  • 9.2.4. By Manufacturing Process
  • 9.2.5. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Composites Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Fiber Type
      • 9.3.1.2.2. By Resin Type
      • 9.3.1.2.3. By Application
      • 9.3.1.2.4. By Manufacturing Process
  • 9.3.2. UAE Composites Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Fiber Type
      • 9.3.2.2.2. By Resin Type
      • 9.3.2.2.3. By Application
      • 9.3.2.2.4. By Manufacturing Process
  • 9.3.3. South Africa Composites Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Fiber Type
      • 9.3.3.2.2. By Resin Type
      • 9.3.3.2.3. By Application
      • 9.3.3.2.4. By Manufacturing Process

10. South America Composites Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Fiber Type
  • 10.2.2. By Resin Type
  • 10.2.3. By Application
  • 10.2.4. By Manufacturing Process
  • 10.2.5. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Composites Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Fiber Type
      • 10.3.1.2.2. By Resin Type
      • 10.3.1.2.3. By Application
      • 10.3.1.2.4. By Manufacturing Process
  • 10.3.2. Colombia Composites Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Fiber Type
      • 10.3.2.2.2. By Resin Type
      • 10.3.2.2.3. By Application
      • 10.3.2.2.4. By Manufacturing Process
  • 10.3.3. Argentina Composites Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Fiber Type
      • 10.3.3.2.2. By Resin Type
      • 10.3.3.2.3. By Application
      • 10.3.3.2.4. By Manufacturing Process

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Composites Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Huntsman International LLC
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Hexcel Corporation
• 15.3. Teijin Limited
• 15.4. SGL Carbon SE
• 15.5. Mitsubishi Chemical Holdings Corporation
• 15.6. Toray Industries, Inc.
• 15.7. Dow Inc.
• 15.8. Halocarbon LLC
• 15.9. Freudenberg SE
• 15.10. The Chemours Company

16. Strategic Recommendations

17. About Us & Disclaimer