North America Laminar Composites Market Size & Outlook
The laminar composites market in North America is expected to reach a projected revenue of US$ 13,686.7 million by 2030. A compound annual growth rate of 7.5% is expected of North America laminar composites market from 2024 to 2030.
Revenue, 2023 (US$M)
$8,241.9
Forecast, 2030 (US$M)
$13,686.7
CAGR, 2024 - 2030
7.5%
Report Coverage
North America
North America laminar composites market highlights
- The North America laminar composites market generated a revenue of USD 8,241.9 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, brazing was the largest revenue generating manufacturing process in 2023.
- Brazing is the most lucrative manufacturing process segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 8,241.9 million |
| Market revenue in 2030 | USD 13,686.7 million |
| Growth rate | 7.5% (CAGR from 2024 to 2030) |
| Largest segment | Brazing |
| Fastest growing segment | Brazing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Brazing |
| Key market players worldwide | Armacell, Evonik Industries AG, Hexcel Corp, Honeywell International Inc, Teijin Ltd, Toray Industries Inc, Mitsubishi Chemical Group Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 30.4% of the global laminar composites market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,546.8 million by 2030.
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Laminar Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Armacell | View profile | 1001-5000 | Luxembourg, Luxembourg, Luxembourg, Europe | http://www.armacell.com |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
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