Table of Content




1 INTRODUCTION 11
1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 INCLUSION 11
1.3.1 ANALYSIS OF COVID-19 ON RAW MATERIAL INDUSTRY 11
1.3.2 ANALYSIS OF COVID-19 ON END-USE INDUSTRY 11
1.4 MARKET SCOPE 12
1.4.1 COMPOSITES MARKET SEGMENTATION 12
1.4.2 YEARS CONSIDERED FOR THE STUDY 12
1.5 CURRENCY 13
1.6 STAKEHOLDERS 13

2 RESEARCH METHODOLOGY 14
2.1 RESEARCH DATA 14
2.1.1 SECONDARY DATA 15
2.1.2 PRIMARY DATA 15
2.1.2.1 Breakdown of primary interviews 15
2.2 RESEARCH METHODOLOGY 16
2.3 MARKET SIZE ESTIMATION 16
2.4 ASSUMPTIONS 18
2.5 LIMITATIONS 18

3 COVID-19 ASSESSMENT 19
3.1 COVID-19 HEALTH ASSESSMENT 19
3.2 COVID-19 ECONOMIC ASSESSMENT 21
3.2.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 22

4 COVID-19 IMPACT ON COMPOSITES INDUSTRY ECOSYSTEM 25
4.1 VALUE CHAIN OF COMPOSITES INDUSTRY 25
4.2 IMPACT ON VALUE CHAIN 26
4.2.1 RAW MATERIALS 26
4.2.2 INTERMEDIATES 27
4.2.3 MOLDER 27
4.2.4 OEM/ASSEMBLY 27
4.3 MACROECONOMIC INDICATORS 27
4.3.1 DRIVERS 28
4.3.1.1 Government stimulus packages 28
4.3.1.2 Tax incentives 28
4.3.1.3 Low crude oil prices 28
4.3.2 RESTRAINTS 28
4.3.2.1 Impact on supply chain and logistics 28
4.3.2.2 Lower capacity utilization 29
4.3.2.3 Liquidity crunch 29

5 CUSTOMER ANALYSIS 30
5.1 SHIFT IN THE AUTOMOTIVE INDUSTRY 30
5.1.1 DISRUPTION IN THE INDUSTRY 30
5.1.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION 30
5.1.2.1 Impact on revenue generated from customers 30
5.1.2.2 Most affected countries 30
5.1.2.3 Short-term strategies to manage cost structure and supply chains 31
5.1.2.4 Impact on electric vehicle(EV) demand due to lower oil prices 31
5.1.3 NEW OPPORTUNITIES 31
5.1.3.1 Measures taken by customers 31
5.1.3.2 Customers’ perspective on growth 31
5.2 SHIFT IN THE AEROSPACE INDUSTRY 32
5.2.1 DISRUPTION IN THE INDUSTRY 32
5.2.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION 32
5.2.2.1 Impact on customers’ revenue 32
5.2.2.2 Most affected countries 32
5.2.2.3 Short-term strategies to manage cost structure and supply chains 33
5.2.3 NEW OPPORTUNITIES 33
5.2.3.1 Opportunity in drones market for supply and delivery 33
5.2.3.2 Measures taken by customers 33
5.2.3.3 Customers’ perspective on growth 33
5.3 SHIFT IN THE WIND ENERGY INDUSTRY 34
5.3.1 DISRUPTION IN THE INDUSTRY 34
5.3.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION 34
5.3.2.1 Impact on customers’ revenue 34
5.3.2.2 Most affected countries 34
5.3.2.3 Short-term strategies to manage cost structure and supply chains 34
5.3.3 NEW OPPORTUNITIES 35
5.3.3.1 Measures taken by customers 35
5.3.3.2 Customers’ perspective on growth 35

6 STRATEGIES OF COMPOSITES COMPANIES TO FIGHT COVID-19 IMPACT 36
6.1 IMPACT ON COMPOSITES COMPANIES 36
6.1.1 PRODUCTION DISRUPTION 36
6.1.2 DECLINE IN DEMAND 36
6.1.3 REGIONS/COUNTRIES AFFECTED 37
6.1.4 RAW MATERIAL SUPPLY DISRUPTION 37
6.1.4.1 Disadvantages due to raw material supply hindrance 37
6.1.4.2 Advantages due to raw material supply hindrance 37
6.2 WINNING STRATEGIES TO GAIN MARKET SHARE 38
6.2.1 SHORT-TERM STRATEGIES 38
6.2.2 MID-TERM STRATEGIES 38
6.2.3 LONG-TERM STRATEGIES 38

7 IMPACT OF COVID-19 PANDEMIC ON COMPOSITES MARKET 39
7.1 FIBER TYPE 40
7.1.1 GLASS FIBER COMPOSITES 41
7.1.2 CARBON FIBER COMPOSITES 43
7.1.3 NATURAL FIBER COMPOSITES 44
7.1.4 OTHERS 45
7.2 RESIN TYPE 47
7.2.1 THERMOSET COMPOSITES 48
7.2.2 THERMOPLASTIC COMPOSITES 49
7.3 END-USE INDUSTRY 50
7.3.1 AUTOMOTIVE & TRANSPORTATION 52
7.3.2 AEROSPACE & DEFENSE 53
7.3.3 WIND ENERGY 54
7.3.4 CONSTRUCTION & INFRASTRUCTURE 55
7.3.5 PIPES & TANKS 56
7.3.6 MARINE 57
7.3.7 ELECTRICAL & ELECTRONICS 58
7.3.8 OTHERS 58
7.4 REGION 60
7.4.1 NORTH AMERICA 61
7.4.1.1 US 62
7.4.1.2 Canada 62
7.4.2 EUROPE 62
7.4.2.1 Germany 63
7.4.2.2 France 64
7.4.2.3 UK 64
7.4.2.4 Italy 64
7.4.2.5 Spain 64
7.4.2.6 Russia 64
7.4.2.7 Rest of Europe 65
?
7.4.3 APAC 65
7.4.3.1 China 66
7.4.3.2 Japan 66
7.4.3.3 India 67
7.4.3.4 South Korea 67
7.4.3.5 Rest of APAC 67
7.4.4 MIDDLE EAST & AFRICA (MEA) 67
7.4.4.1 UAE 69
7.4.4.2 Saudi Arabia 69
7.4.4.3 Rest of MEA 69
7.4.5 LATIN AMERICA 69
7.4.5.1 Brazil 71
7.4.5.2 Mexico 71
7.4.5.3 Rest of Latin America 71

8 APPENDIX 72
8.1 KNOWLEDGE STORE 72
8.2 AVAILABLE CUSTOMIZATIONS 74
8.3 RELATED REPORTS 74
8.4 AUTHOR DETAILS 75



List of Figures



FIGURE 1 COMPOSITES MARKET: RESEARCH DESIGN 14
FIGURE 2 COMPOSITES MARKET: DATA TRIANGULATION 16
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 17
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 17
FIGURE 5 COVID-19: THE GLOBAL PROPAGATION 19
FIGURE 6 COVID-19 PROPAGATION: SELECT COUNTRIES 20
FIGURE 7 COUNTRIES BEGIN WITH SIMILAR TRAJECTORIES, BUT CURVES DEVIATE
BASED ON MEASURES TAKEN 20
FIGURE 8 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 21
FIGURE 9 CRITERIA INFLUENCING THE GLOBAL ECONOMY 22
FIGURE 10 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 23
FIGURE 11 VALUE CHAIN OF COMPOSITES INDUSTRY 25
FIGURE 12 IMPACT OF COVID-19 PANDEMIC ON COMPOSITES INDUSTRY ECOSYSTEM 26
FIGURE 13 GLASS FIBER COMPOSITES TO DOMINATE THE COMPOSITES MARKET 40
FIGURE 14 APAC TO BE THE LARGEST GLASS FIBER COMPOSITES MARKET 42
FIGURE 15 THERMOSET COMPOSITES TO CAPTURE LARGER MARKET SHARE 47
FIGURE 16 DEMAND FOR THERMOSET COMPOSITES IS HIGHEST IN APAC 48
FIGURE 17 AEROSPACE & DEFENSE INDUSTRY HOLDS THE LARGEST SHARE
IN COMPOSITES MARKET 51
FIGURE 18 NORTH AMERICA: COMPOSITES MARKET, BY COUNTRY, 2019-2020 61
FIGURE 19 EUROPE: COMPOSITES MARKET, BY COUNTRY, 2019-2020 62
FIGURE 20 APAC: COMPOSITES MARKET, BY COUNTRY, 2019-2020 65
FIGURE 21 MEA: COMPOSITES MARKET, BY COUNTRY, 2019-2020 68
FIGURE 22 LATIN AMERICA: COMPOSITES MARKET, BY COUNTRY, 2019-2020 70

 

List of Tables



TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2020 13
TABLE 2 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2021 (USD MILLION) 40
TABLE 3 COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2021 (KILOTON) 40
TABLE 4 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 41
TABLE 5 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2021 (KILOTON) 42
TABLE 6 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION 2018–2021 (USD MILLION) 43
TABLE 7 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2021 (KILOTON) 43
TABLE 8 NATURAL FIBER COMPOSITES MARKET SIZE, BY REGION 2018–2021 (USD MILLION) 44
TABLE 9 NATURAL FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2021 (KILOTON) 44
TABLE 10 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION 2018–2021 (USD MILLION) 46
TABLE 11 OTHER FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2021 (KILOTON) 46
TABLE 12 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2021 (USD MILLION) 47
TABLE 13 COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2021 (KILOTON) 47
TABLE 14 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 48
TABLE 15 THERMOSET COMPOSITES MARKET SIZE, BY REGION, 2018–2021 (KILOTON) 49
TABLE 16 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION 2018–2021 (USD MILLION) 49
TABLE 17 THERMOPLASTIC COMPOSITES MARKET SIZE, BY REGION, 2018–2021 (KILOTON) 50
TABLE 18 COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 50
TABLE 19 COMPOSITES MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON) 51
TABLE 20 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 52
TABLE 21 COMPOSITES MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION END-USE INDUSTRY, BY REGION, 2018–2021 (KILOTON) 52
TABLE 22 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY BY REGION, 2018–2021 (USD MILLION) 53
TABLE 23 COMPOSITES MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY BY REGION, 2018–2021 (KILOTON) 53
TABLE 24 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 54
TABLE 25 COMPOSITES MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2018–2021 (KILOTON) 54
TABLE 26 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 55
TABLE 27 COMPOSITES MARKET SIZE IN CONSTRUCTION & INFRASTRUCTURE END-USE INDUSTRY, BY REGION, 2018–2021 (KILOTON) 55
TABLE 28 COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 56
TABLE 29 COMPOSITES MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2018–2021 (KILOTON) 56
TABLE 30 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION 2018–2021 (USD MILLION) 57
TABLE 31 COMPOSITES MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION 2018–2021 (KILOTON) 57
TABLE 32 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2018–2021 (USD MILLION) 58
TABLE 33 COMPOSITES MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2018–2021 (KILOTON) 58
TABLE 34 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION 2018–2021 (USD MILLION) 59
TABLE 35 COMPOSITES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION 2018–2021 (KILOTON) 59
TABLE 36 COMPOSITES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 60
TABLE 37 COMPOSITES MARKET SIZE, BY REGION, 2018–2021 (KILOTON) 60
TABLE 38 NORTH AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY 2018–2021 (USD MILLION) 61
TABLE 39 NORTH AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY 2018–2021 (KILOTON) 61
TABLE 40 EUROPE: COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION) 63
TABLE 41 EUROPE: COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON) 63
TABLE 42 APAC: COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION) 65
TABLE 43 APAC: COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON) 66
TABLE 44 MEA: COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION) 68
TABLE 45 MEA: COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON) 68
TABLE 46 LATIN AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY 2018–2021 (USD MILLION) 70
TABLE 47 LATIN AMERICA: COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON) 70