Closed Molding Composites Market by Fiber Type (Carbon, Glass), Application (Aerospace & Defense, Transportation, Construction, Wind, E&E), Process (Vacuum Infusion & Bagging, Compression Molding, Pultrusion, Injection Molding) - Global Forecast to 2021

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Date: 08-Sep-2016
No. of pages: 161
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“Closed molding composites market projected to register a CAGR of 7.45% during forecast period”

The closed molding composites market is projected to reach USD 66.58 billion by 2021, at a CAGR of 7.45% between 2016 and 2021. The major driver stimulating the closed molding composites market is high demand from the aerospace & defense industry, as they have the ability to reduce weight and increase fuel efficiency. The advantages of closed molding processes over traditional molding processes (open mold process) such as improvement of productivity through innovative engineering approaches, minimization of energy consumption, and reduction of emission levels also drive the market.

“Aerospace & defense is the fastest growing application segment in the closed molding composites market, in terms of value.”

The key drivers of closed molding composites in the aerospace & defense industry are the rise in number of airplane deliveries, high performance properties such as lightweight, excellent safety & acoustic features, and government regulations. Advanced closed molding composites offer higher fatigue tolerance, which helps in improving or increasing the structure of components. To comply with regulatory norms, aerospace manufacturers such as Boeing (U.S.), Airbus (France), GE Aviation (U.S.), and others have started using these composites to manufacture primary & secondary structures and interior components of aircraft. Thus, aerospace& defense application is likely to be the most profitable investment pocket for stakeholders.

“Asia-Pacific is the fastest-growing market of closed molding composites.”

Asia-Pacific is expected to be the fastest-growing market for closed molding composites in the next five years. The market in this region is driven by increasing consumption of closed molding composite in various industries such as wind energy, construction, electrical & electronics, and transportation. China leads the market in Asia-Pacific. Its consumption has grown remarkably owing to growth in the wind energy, sporting goods, and aerospace & defense industries. The wind energy industry in China witnessed the highest number of wind energy installations in 2015; it added 30.8 GW of new capacity.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into following three categories:


  • By company type- Tier 1- 40%, Tier 2- 33%, and Tier 3-27%

  • By designation- C Level- 4%, Director Level- 15%, and Others- 45%

  • By region- North America- 15%, Europe- 55%, Asia-Pacific- 30%.


The report provides comprehensive analysis of company profiles listed below:


  • A. Schulman (U.S)

  • Strongwell Corporation (U.S.)

  • Royal TenCate N.V. (Netherlands)

  • Menzolit GmbH (Germany)

  • GKN Aerospace (U.K.)

  • Continental Structural Plastics Inc. (U.S.)

  • Core Molding Technologies (U.S.)

  • Excel Composites Inc. (Finland)

  • Polynt S.p.A (Italy)


Target audience


  • Closed molding composite manufacturers

  • Raw material suppliers

  • Distributors & suppliers

  • Industry associations


Scope of the Report

The research report segments the closed molding composites into the following submarkets:

By Fiber Type:


  • Glass fiber composites

  • Carbon fiber composites

  • Chopped carbon fiber

  • Continuous carbon Fiber

  • Other fiber composites

  • Aramid fiber composites

  • Natural fiber composites


By Application:


  • Transportation

  • Interiors

  • Exteriors

  • Aerospace & defense

  • Interiors

  • Exteriors

  • Wind Energy

  • Electrical & Electronics

  • Construction

  • Industrial

  • Housing

  • Civil Engineering

  • Others

  • Marine

  • Sporting Goods


By Manufacturing Process:


  • Vacuum Infusion & Bagging

  • Compression Molding

  • Injection Molding

  • Reaction Injection Molding

  • Pultrusion

  • Resin Transfer Molding (RTM)

  • Light RTM

  • VARTM

  • Others

  • Centrifugal Casting

  • Continuous Lamination


By Region:


  • North America

  • Europe

  • Asia-Pacific

  • Middle East & Africa

  • Latin America

Closed Molding Composites Market by Fiber Type (Carbon, Glass), Application (Aerospace & Defense, Transportation, Construction, Wind, E&E), Process (Vacuum Infusion & Bagging, Compression Molding, Pultrusion, Injection Molding) - Global Forecast to 2021

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.3.1 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Significant Growth Opportunities for Closed Molding Composites Market
4.2 Closed Molding Composites Market, By Manufacturing Process
4.3 Aerospace & Defense Application Accounted for the Largest Share of Closed Molding Composites Market in 2015
4.4 Closed Molding Composites Market, By Country
4.5 Closed Molding Composites Market, By Process Type
4.6 Glass Fiber Composites to Outpace Other Fibers in Closed Molding Composites Market

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Closed Molding Composites Market, By Fiber Type
5.2.2 Closed Molding Composites Market, By Manufacturing Process
5.2.3 Closed Molding Composites Market, By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Use of Eco-Friendly Processes for Manufacturing Composites
5.3.1.2 Increase in Use of Composites in Aerospace & Defense Industry
5.3.1.3 Reduction in Cycle Time and Labor Costs
5.3.2 Restraints
5.3.2.1 High Investment Costs
5.3.2.2 High Cost of Raw Materials
5.3.3 Opportunities
5.3.3.1 Increase in Use of Closed Molding Composites in New Applications
5.3.4 Challenges
5.3.4.1 Need for Reducing Cost of Carbon Fiber
5.4 Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Suppliers
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Per Capita GDP vs Per Capita Composite Materials Demand
6.4 Trends and Forecast of Construction Industry
6.4.1 Trends and Forecast of Construction Industry in North America
6.4.2 Trends and Forecast of Construction Industry in Europe
6.4.3 Trends and Forecast of Construction Industry in Asia-Pacific
6.4.4 Trends and Forecast of Construction Industry in ME&A
6.4.5 Trends and Forecast of Construction Industry in Latin America
6.5 Trends of Wind Energy Industry
6.6 Trends of Aerospace Industry
6.7 Trends of Automotive Industry

7 Closed Molding Composites Market, By Fiber Type
7.1 Introduction
7.2 Carbon Fiber Closed Molding Composites
7.2.1 Chopped Carbon Fiber
7.2.2 Continuous Carbon Fiber
7.3 Glass Fiber Closed Molding Composites
7.4 Other Fiber Closed Molding Composites
7.4.1 Aramid Fiber Closed Molding Composites
7.4.2 Natural Fiber Closed Molding Composites

8 Closed Molding Composites Market, By Manufacturing Process
8.1 Introduction
8.2 Vacuum Infusion & Bagging
8.2.1 Vacuum Infusion
8.2.2 Vacuum Bagging
8.3 Injection Molding Process
8.3.1 Reaction Injection Molding
8.4 Pultrusion Process
8.5 Compression Molding Process
8.6 Resin Transfer Molding Process
8.6.1 Light RTM
8.6.2 Vartm
8.7 Other Processes
8.7.1 Centrifugal Casting
8.7.2 Continuous Lamination

9 Closed Molding Composites Market, By Application
9.1 Introduction
9.2 Transportation
9.2.1 Interiors
9.2.2 Exteriors
9.3 Aerospace & Defense
9.3.1 Interiors
9.3.2 Exteriors
9.4 Electrical & Electronics
9.5 Wind Energy
9.6 Construction & Infrastructure
9.6.1 Industrial
9.6.2 Housing
9.6.3 Civil Engineering
9.7 Other Applications
9.7.1 Marine
9.7.2 Consumer Good

10 Closed Molding Composites Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 U.K.
10.3.4 Italy
10.3.5 Austria
10.3.6 Netherlands
10.3.7 Poland
10.3.8 Sweden
10.3.9 Spain
10.3.10 Russia
10.3.11 Turkey
10.4 Asia-Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia & New Zealand
10.4.6 Malaysia
10.4.7 Thailand
10.5 Middle East & Africa (ME&A)
10.5.1 Uae
10.5.2 South Africa
10.6 Latin America
10.6.1 Brazil
10.6.2 Mexico
10.6.3 Argentina

11 Competitive Landscape
11.1 Introduction
11.2 Competitive Situations and Trends
11.2.1 Investments & Expansions
11.2.2 Agreements, Joint Ventures, & Partnerships
11.2.3 New Product Developments
11.2.4 Mergers & Acquisitions

12 Company Profiles
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
12.1 A. Schulman, Inc.
12.2 Royal Tencate N.V.
12.3 Polynt S.P.A
12.4 Exel Composites
12.5 Core Molding Technologies, Inc.
12.6 Strongwell Corporation
12.7 Menzolit GmbH
12.8 Continental Structural Plastics, Inc.
12.9 Saertex
12.10 GKN Aerospace
12.11 List of Other Companies

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights From Industry Experts
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Discussion Guide
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports

List of Tables

Table 1 Closed Molding Composites Market Size, in Terms of Value and Volume, 2014–2021
Table 2 Trends and Forecast of GDP, USD Billion (2015–2021)
Table 3 Per Capita GDP vs Per Capita Composite Materials Demand, 2015
Table 4 Contribution of Construction Industry to North American GDP, USD Billion (2014–2021)
Table 5 Contribution of Construction Industry to European GDP, USD Billion (2014–2021)
Table 6 Contribution of Construction Industry to GDP in Asia-Pacific, USD Billion (2014–2021)
Table 7 Contribution of Construction Industry to GDP in ME&A, USD Billion (2014–2021)
Table 8 Contribution of Construction Industry to GDP in Latin America, USD Billion (2014–2021)
Table 9 Wind Energy Installation, MW (2011–2015)
Table 10 New Airplane Deliveries, 2014
Table 11 Automotive Production, Million Units (2011–2015)
Table 12 Closed Molding Composites Market Size, By Fiber Type, 2014–2021 (USD Million)
Table 13 Closed Molding Composites Market Size, By Fiber Type, 2014–2021 (Kiloton)
Table 14 Carbon Fiber Closed Molding Composites Market Size, By Region, 2014–2021 (USD Million)
Table 15 Carbon Fiber Closed Molding Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 16 Glass Fiber Closed Molding Composites Market Size, By Region, 2014–2021 (USD Million)
Table 17 Glass Fiber Closed Molding Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 18 Other Fiber Closed Molding Composites Market Size, By Region, 2014–2021 (USD Million)
Table 19 Others Fiber Closed Molding Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 20 Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 21 Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 22 Vacuum Infusion & Bagging Market Size, By Region, 2014–2021 (USD Million)
Table 23 Vacuum Infusion & Bagging Market Size, By Region, 2014–2021 (Kiloton)
Table 24 Injection Molding Process Market Size, By Region, 2014–2021 (USD Million)
Table 25 Injection Molding Process Market Size, By Region, 2014–2021 (Kiloton)
Table 26 Pultrusion Process Market Size, By Region, 2014–2021 (USD Million)
Table 27 Pultrusion Process Market Size, By Region, 2014–2021 (Kiloton)
Table 28 Compression Molding Process Market Size, By Region, 2014–2021 (USD Million)
Table 29 Compression Molding Process Market Size, By Region, 2014–2021 (Kiloton)
Table 30 RTM Process Market Size, By Region, 2014–2021 (USD Million)
Table 31 RTM Process Market Size, By Region, 2014–2021 (Kiloton)
Table 32 Other Manufacturing Processes Market Size, By Region, 2014–2021 (USD Million)
Table 33 Other Manufacturing Processes Market Size, By Region, 2014–2021 (Kiloton)
Table 34 Closed Molding Composites Market Size, By Application, 2014–2021 (USD Million)
Table 35 Closed Molding Composites Market Size, By Application, 2014–2021 (Kiloton)
Table 36 Closed Molding Composites Market Size in Transportation Application, By Region, 2014–2021 (USD Million)
Table 37 Closed Molding Composites Market Size in Transportation Application, By Region, 2014–2021 (Kiloton)
Table 38 Demand Forecast for New Airplanes By 2034
Table 39 Closed Molding Composites Market Size in Aerospace & Defense Application, By Region, 2014–2021 (USD Million)
Table 40 Closed Molding Composites Market Size in Aerospace & Defense Application, By Region, 2014–2021 (Kiloton)
Table 41 Closed Molding Composites Market Size in Electrical & Electronics Application, By Region, 2014–2021 (USD Million)
Table 42 Closed Molding Composites Market Size in Electrical & Electronics Application, By Region, 2014–2021 (Kiloton)
Table 43 Germany: Annual Wind Energy Installations, 2012–2015 (MW)
Table 44 France: Annual Wind Energy Installations, 2012–2015 (MW)
Table 45 U.K.: Annual Wind Energy Installations, 2012–2015 (MW)
Table 46 Asia-Pacific: Annual Wind Energy Installations, 2014 and 2015 (MW)
Table 47 Closed Molding Composites Market Size in Wind Energy Application, By Region, 2014–2021 (USD Million)
Table 48 Closed Molding Composites Market Size in Wind Energy Application, By Region, 2014–2021 (Kiloton)
Table 49 Closed Molding Composites Market Size in Construction & Infrastructure Application, By Region, 2014–2021 (USD Million)
Table 50 Closed Molding Composites Market Size in Construction & Infrastructure Application, By Region, 2014–2021 (Kiloton)
Table 51 Closed Molding Composites Market Size in Other Applications, By Region, 2014–2021 (USD Million)
Table 52 Closed Molding Composites Market Size in Other Applications, By Region, 2014–2021 (Kiloton)
Table 53 Closed Molding Composites Market Size, By Region, 2014–2021 (USD Million)
Table 54 Closed Molding Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 55 North America: Closed Molding Composites Market Size, By Country, 2014–2021 (USD Million)
Table 56 North America: Closed Molding Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 57 North America: Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 58 North America: Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 59 North America: Closed Molding Composites Market Size, By Fiber Type, 2014–2021 (USD Million)
Table 60 North America: Closed Molding Composites Market Size, By Fiber Type, 2014–2021 (Kiloton)
Table 61 Europe: Closed Molding Composites Market Size, By Country, 2014–2021 (USD Million)
Table 62 Europe: Closed Molding Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 63 Europe: Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 64 Europe: Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 65 Asia-Pacific: Closed Molding Composites Market Size, By Country, 2014–2021 (USD Million)
Table 66 Asia-Pacific: Closed Molding Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 67 Asia-Pacific: Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 68 Asia-Pacific: Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 69 Middle East & Africa: Closed Molding Composites Market Size, By Country, 2014–2021 (USD Million)
Table 70 Middle East & Africa: Closed Molding Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 71 Middle East & Africa: Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 72 Middle East & Africa: Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 73 Latin America: Closed Molding Composites Market Size, By Country, 2014–2021 (USD Million)
Table 74 Latin America: Closed Molding Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 75 Latin America: Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 76 Latin America: Closed Molding Composites Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 77 Investments & Expansions, 2012–2016
Table 78 Agreements, Joint Ventures & Partnerships, 2012–2016
Table 79 New Product Developments, 2012–2016
Table 80 Mergers & Acquisitions , 2012–2016

List of Figures

Figure 1 Closed Molding Composites: Market Segmentation
Figure 2 Years Considered for the Study
Figure 3 Closed Molding Composites Market: Research Methodology
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation: Methodology
Figure 7 Aerospace & Defense to Drive Closed Molding Composites Market
Figure 8 Asia-Pacific Dominated Closed Molding Composites Market, By Value (2015)
Figure 9 India to Be the Fastest-Growing Closed Molding Composites Market in Asia-Pacific
Figure 10 Vacuum Infusion & Bagging Dominates Closed Molding Composites Market
Figure 11 Attractive Opportunities for Market Players
Figure 12 Aerospace & Defense: the Fastest Growing Application Segment of Closed Molding Composites Market
Figure 13 Asia-Pacific: the Largest Market for Closed Molding Composites, in Terms of Value
Figure 14 Asia-Pacific to Be the Fastest-Growing Market, 2016–2021
Figure 15 Vacuum Infusion & Bagging to Be the Fastest-Growing Process in Closed Molding Composites Market
Figure 16 Carbon Fiber to Be the Fastest-Growing Segment
Figure 17 Drivers, Restraints, Opportunities, and Challenges of Closed Molding Composites Market
Figure 18 Porter’s Five Forces Analysis: Low Threat of New Entrants Due to Capital-Intensiveness
Figure 19 Trends and Forecast of GDP, USD Billion (2016–2021)
Figure 20 Per Capita GDP vs Per Capita Composite Materials Demand
Figure 21 Trends and Forecast of Construction Industry Contribution to North American GDP, USD Billion
Figure 22 Construction Industry in U.K. Contributes the Maximum to the GDP of Europe, USD Billion, 2015 vs 2021
Figure 23 Construction Industry in China Contributes the Maximum to the GDP of Asia-Pacific, 2015 vs 2021
Figure 24 Construction Industry in Saudi Arabia Contributes the Maximum to the GDP of ME&A, 2015 vs 2021
Figure 25 Construction Industry in Brazil Contributes the Maximum to the Latin American GDP, 2015 vs 2021
Figure 26 Wind Energy Installed Capacity, MW (2014–2015)
Figure 27 New Airplane Deliveries, By Region, 2014
Figure 28 Automotive Production in Key Countries, Million Units (2011 vs 2015)
Figure 29 Glass Fiber Dominates Closed Molding Composites Market
Figure 30 Asia-Pacific Dominates Glass Fiber Closed Molding Composites Market
Figure 31 Vacuum Infusion & Bagging Manufacturing Process Dominates the Closed Molding Composite Market
Figure 32 Asia-Pacific to Drive Closed Molding Composites Market for Injection Molding Process
Figure 33 RTM Process to Register the Highest CAGR in Asia-Pacific
Figure 34 Closed Molding Composites Market in Aerospace & Defense Applications to Witness Highest Growth
Figure 35 North America to Dominate the Closed Molding Composites Market in Aerospace & Defense Application
Figure 36 Asia-Pacific Dominated the Closed Molding Composites Market in Wind Energy Application
Figure 37 China and India Projected to Drive the Closed Molding Composites Market in Asia-Pacific
Figure 38 U.S. is the Most Lucrative Market in North America
Figure 39 Germany is the Fastest-Growing Closed Molding Composites Market in Europe
Figure 40 China is the Biggest Closed Molding Composites Market in Asia-Pacific
Figure 41 Vacuum Infusion is the Most Preferred Process for Manufacture of Closed Molding Composites in Latin America
Figure 42 Key Companies Preferred Agreements, Joint Ventures, & Partnerships Between 2012 and 2016
Figure 43 Application Mapping By Key Players of the Closed Molding Composites Market
Figure 44 Agreements, Joint Ventures & Partnerships: Most Preferred Strategy Between 2011 and 2016
Figure 45 Maximum Number of Developments Observed in 2015
Figure 46 A. Schulman, Inc.: Company Snapshot
Figure 47 Royal Tencate N.V.: Company Snapshot
Figure 48 Polynt S.P.A: Company Snapshot
Figure 49 Polynt S.P.A.: SWOT Analysis
Figure 50 Exel Composites: Company Snapshot
Figure 51 Core Molding Technologies, Inc.: Company Snapshot

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