Laminar Composites Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Growth Rate | 5.00% CAGR |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Laminar Composites Market Analysis by Mordor Intelligence
The Laminar Composites Market is expected to register a CAGR of greater than 5% during the forecast period.
- Growing Innovations targeted at lowering the cost of laminar composite end-products is expected to provide a major growth opportunity for laminar composites market.
- North America accounts for the highest market share and is expected to dominate the laminar composites during the forecast period.
- Among the end-user industries, building and construction industry accounted for the highest market share and is expected to dominate the laminar composites market studied during the forecast period.
Global Laminar Composites Market Trends and Insights
Buildings & Construction to Dominate the Market
- The construction is one of the major end-user industries of the laminar composite materials consumption.
- These composites are used for repairing existing structures. The demand for composites in construction sector increased in the past few years, owing to their properties like low weight,high aesthetics, enhanced environmental resistance, design flexibility, and increased stiffness .Moreover, many new small civil structures, for example pedestrian bridges, rooftops, etc., are being constructed by composite materials.
- The construction industry in countries, such as China, India, United States, and Germany is witnessing significant growth which is expected to boost the demand for laminar composites in building & construction industry.
- Hence, owing to the above-mentioned factors, the building & construction sector is likely to dominate the market over the forecast period.
North America to Dominate the Market
- North America currently dominates the global laminar composites market with the major demand coming from the United States.
- The demand for composites in North America is projected to continuously increase in the coming years, owing to their superior performance in automotive and construction applications.
- The United States government has set new standards requiring light vehicles to achieve a Corporate Average Fuel Efficiency (CAFE) standard of 46.8 mpg by 2025. This change in regulatory standards which recommend the use of lightweight vehicles is expected to drive the market studied in the country.
- Along with the existing capacities, several composites manufacturers are expanding their production capacities for laminar composites in the United States.
- Hence, owing to the above-mentioned reasons, North America is expected to dominate the market during the forecast period.
Competitive Landscape
The global laminar composites market is moderately fragmented as the market share is divided between many players. Key players in the market include, Hexcel Corporation, Evonik, JEC Group, Honeywell International Inc., and Toray Advanced Composites, among others.
Laminar Composites Industry Leaders
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Hexcel Corporation
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Evonik
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JEC Group
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Honeywell International Inc
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Toray Advanced Composites
- *Disclaimer: Major Players sorted in no particular order
Global Laminar Composites Market Report Scope
The Laminar Composites market report includes:
| Brazing |
| Coextrusion |
| Explosive Bonding |
| Roll Bonding |
| Bimetallics |
| Clad Metals |
| Laminated Fibrous Composite |
| Laminated Glass |
| Aerospace |
| Automotive |
| Buildings & Construction |
| Electrical & Electronics |
| Sports |
| Others |
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| ASEAN Countries | |
| Rest of Asia-Pacific | |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Rest of Europe | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| Middle-East & Africa | Saudi Arabia |
| South Africa | |
| Rest of Middle-East & Africa |
| Manufacturing Process | Brazing | |
| Coextrusion | ||
| Explosive Bonding | ||
| Roll Bonding | ||
| Application | Bimetallics | |
| Clad Metals | ||
| Laminated Fibrous Composite | ||
| Laminated Glass | ||
| End-user Industry | Aerospace | |
| Automotive | ||
| Buildings & Construction | ||
| Electrical & Electronics | ||
| Sports | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| ASEAN Countries | ||
| Rest of Asia-Pacific | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| Middle-East & Africa | Saudi Arabia | |
| South Africa | ||
| Rest of Middle-East & Africa | ||
Key Questions Answered in the Report
What is the current Laminar Composites Market size?
The Laminar Composites Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)
Who are the key players in Laminar Composites Market?
Hexcel Corporation, Evonik, JEC Group, Honeywell International Inc and Toray Advanced Composites are the major companies operating in the Laminar Composites Market.
Which is the fastest growing region in Laminar Composites Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Laminar Composites Market?
In 2025, the North America accounts for the largest market share in Laminar Composites Market.
What years does this Laminar Composites Market cover?
The report covers the Laminar Composites Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Laminar Composites Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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