The Southeast Asia Advanced Composite Materials (ACM) market size was valued at US$ 1.85 billion in 2024 and is projected to reach US$ 2.78 billion by 2030, at a CAGR of 7.0% during the forecast period 2024-2030.
Advanced Composite Materials are engineered materials made from two or more constituent materials with significantly different physical or chemical properties, combining to produce a material with characteristics different from the individual components, used for their high strength-to-weight ratio and durability.
The Southeast Asia Advanced Composite Materials market is growing rapidly, driven by increasing demand in aerospace and defense, expanding wind energy sector, and growing adoption in automotive and construction industries. In 2023, total consumption of ACMs in Southeast Asia reached approximately 210,000 metric tons, with Singapore, Malaysia, and Thailand accounting for 65% of regional demand. The aerospace and defense sector remains the largest consumer, representing 35% of demand, followed by wind energy at 25% and automotive at 20%. The market saw a significant boost from the recovery of commercial aviation and increased investments in renewable energy projects, leading to a 15% rise in demand for carbon fiber composites in 2023. Carbon fiber reinforced polymers (CFRP) dominate the market with a 45% share, followed by glass fiber composites at 35% and aramid composites at 15%. Technological advancements have focused on improving fiber-matrix interfaces, enhancing processability, and developing multifunctional composites. New ACM systems offer up to 25% higher strength-to-weight ratios and 30% better fatigue resistance compared to 2020 standards. The market is witnessing strong growth in thermoplastic composites, increasing at 10% annually, driven by their recyclability and faster processing capabilities. In 2023, the trend towards electrification in transportation led to a 20% increase in the adoption of composite materials for EV battery enclosures. The industry faces challenges from high production costs and the need for specialized manufacturing processes, but ongoing innovations in automated production techniques are addressing these issues. Emerging applications in 3D-printed composites are showing significant promise, with specialized ACMs for additive manufacturing growing at 22% CAGR, albeit from a small base of 3% market share. Looking ahead, the market is expected to benefit from advancements in nanocomposites and smart composites, with next-generation materials offering self-healing and sensor capabilities projected to grow at 15% CAGR through 2030.
Report Includes
This report is an essential reference for who looks for detailed information on Southeast Asia Advanced Composite Materials (ACM). The report covers data on Southeast Asia markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Southeast Asia major vendors¡¯ information. In addition to the data part, the report also provides overview of Advanced Composite Materials (ACM), including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Southeast Asia Advanced Composite Materials (ACM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Advanced Composite Materials (ACM). This report contains market size and forecasts of Advanced Composite Materials (ACM) in Southeast Asia, including the following market information:
We surveyed the Advanced Composite Materials (ACM) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
by Country
• Thailand
• Indonesia
• Vietnam
• Malaysia
• Philippines
• Singapore
• Myanmar
by Products type:
• Carbon Fiber
• Glass Fiber
• Aramid Fiber
• Metal Matrix
• Ceramic Matrix
by Application:
• Aerospace
• Medical Treatment
• Machinery
• Architecture
• Other
key players include: (At least 8-10 companies included)
• Toray Industries, Inc.
• Teijin Limited
• Mitsubishi Chemical Carbon Fiber and Composites, Inc.
• Hexcel Corporation
• SGL Carbon
• Hyosung Advanced Materials
• Formosa Plastics Corporation
• Tencate Advanced Composites
• Nippon Graphite Fiber Corporation
• UMATEX
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
• Key companies Advanced Composite Materials (ACM) revenues in Southeast Asia market, 2019-2024 (Estimated), ($ millions)
• Key companies Advanced Composite Materials (ACM) revenues share in Southeast Asia market, 2023 (%)
• Key companies Advanced Composite Materials (ACM) sales in Southeast Asia market, 2019-2024 (Estimated),
• Key companies Advanced Composite Materials (ACM) sales share in Southeast Asia market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Southeast Asia and country-wise market of Advanced Composite Materials (ACM)
• It describes present situation, historical background and future forecast
• Comprehensive data showing Advanced Composite Materials (ACM) capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Advanced Composite Materials (ACM) manufacturers
• Advanced Composite Materials (ACM) forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
Table of content
1 Market Overview
1.1 Product Overview and Scope of Advanced Composite Materials (ACM)
1.2 Segment by Type
1.2.1 Southeast Asia Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Carbon Fiber
1.2.3 Glass Fiber
1.2.4 Aramid Fiber
1.2.5 Metal Matrix
1.2.6 Ceramic Matrix
1.3 Segment by Application
1.3.1 Southeast Asia Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Aerospace
1.3.3 Medical Treatment
1.3.4 Machinery
1.3.5 Architecture
1.3.6 Other
1.4 Southeast Asia Market Growth Prospects
1.4.1 Southeast Asia Revenue Estimates and Forecasts (2019-2030)
1.4.2 Southeast Asia Production Estimates and Forecasts (2019-2030)
2 Southeast Asia Growth Trends
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
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