Organosheet Market Size was valued at USD 0.6 Billion in 2023. The Organosheet industry is projected to grow from USD 0.7 Billion in 2024 to USD 1.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.20% during the forecast period (2024 - 2032).The construction industry's increased adoption of lightweight and high-strength materials for infrastructure projects is one of the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for Organosheet is being driven by the growing construction sector. Organosheets, with their lightweight nature, high strength-to-weight ratio, and versatility, are increasingly being adopted in construction applications. They offer several advantages, such as durability, thermal insulation, and resistance to moisture, making them ideal for various construction components like building panels, roofing, cladding, and structural reinforcements. Additionally, the trend towards sustainable and energy-efficient building materials aligns with the properties of organosheets, further driving their demand in the construction industry. Organosheets enable faster and more cost-effective construction processes while reducing the overall weight of structures, enhancing their performance and longevity. As construction projects continue to expand globally, the demand for organosheets is expected to grow, driven by the need for innovative and efficient building materials.
The rising demand for electric vehicles (EVs) is a significant driver of the Organosheet Market. Organosheets, with their lightweight, high-strength properties and versatility, are increasingly being utilized in the manufacturing of EV components. As the automotive industry shifts towards electric mobility to reduce emissions and improve fuel efficiency, there is a growing need for lightweight materials to enhance the performance and range of EVs. Organosheets offer several advantages, such as improved energy efficiency, enhanced structural integrity, and design flexibility, making them suitable for applications in EV battery enclosures, structural components, interior panels, and exterior body parts. Additionally, the trend towards vehicle electrification and the expansion of EV manufacturing worldwide is expected to further drive the demand for organosheets in the automotive sector, presenting significant growth opportunities for market players.
The increasing demand for renewable energy is a significant driver of the Organosheet Market. Organosheets, with their lightweight, durable, and corrosion-resistant properties, are becoming essential materials in renewable energy infrastructure. In wind energy, organosheets are used in the manufacturing of turbine blades due to their high strength-to-weight ratio, allowing for larger and more efficient blade designs. Additionally, organosheets find applications in the construction of nacelles and other structural components in wind turbines. In solar energy, organosheets are utilized in the fabrication of lightweight and durable components for solar panels, such as frames and mounting systems. As the world transitions towards cleaner and more sustainable energy sources, the demand for organosheets in renewable energy applications is expected to continue growing, presenting significant opportunities for market expansion and innovation. Thus, driving the Organosheet market revenue.
For instance, Hexcel has entered a long-term agreement with Dassault to provide carbon fiber prepreg for the Falcon 10X program, marking the first Dassault business jet program to integrate high-performance advanced carbon fiber composites into its aircraft wings.
The Organosheet market segmentation, based on Fiber Type, includes Carbon Fiber and Glass Fiber. In 2023, the Carbon Fiber segment dominated the market, accounting for 65% of market revenue due to its exceptional mechanical properties, including high strength-to-weight ratio, stiffness, and corrosion resistance. These properties make carbon fiber organosheets highly desirable for applications requiring lightweight yet durable materials, such as automotive components, aerospace structures, and renewable energy infrastructure. Additionally, ongoing advancements in carbon fiber production technologies and increasing demand for lightweight materials in various industries contribute to the dominance of carbon fiber in the organosheet market.
Glass fiber fiber type is experiencing the highest Compound Annual Growth Rate (CAGR) in the Organosheet Market due to several factors. Glass fiber organosheets offer a cost-effective alternative to carbon fiber with good mechanical properties, including strength and stiffness. They are increasingly being adopted in applications where cost is a significant consideration, such as construction and transportation. Moreover, advancements in glass fiber manufacturing technologies and the rising demand for lightweight materials in these sectors contribute to the rapid growth of glass fiber in the organosheet market.
Figure 1: Organosheet Market, by Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Organosheet market segmentation, based on Resin Type, includes PA, PP, PC, PEEK and Others. In 2023, the PA category generated the most income due to its excellent mechanical properties, including high strength, toughness, and chemical resistance. PA resin-based organosheets are widely used in automotive, aerospace, and consumer goods industries for their superior performance in structural applications. Additionally, PA resins offer good adhesion to reinforcement fibers, ensuring robust composite structures. The versatility and wide range of applications contribute to the dominance of PA resin type in the organosheet market.
PP (Polypropylene) resin type is experiencing the highest Compound Annual Growth Rate (CAGR) in the Organosheet Market due to several factors. PP resin-based organosheets offer excellent balance between mechanical properties, such as strength, stiffness, and impact resistance, at a relatively low cost compared to other resin types. They are increasingly being adopted in automotive, construction, and packaging industries for lightweight and durable applications. Moreover, advancements in PP resin technology and increasing demand for sustainable materials contribute to the rapid growth of PP resin type in the organosheet market.
The Organosheet market segmentation, based on Application, includes Aerospace & Defense, Transportation, Sports & Leisure, Construction and Others. In 2023, the Aerospace & Defense category generated the most income. Organosheets offer lightweight yet high-strength properties, making them ideal for aerospace and defense applications where weight reduction and structural integrity are critical. These materials are commonly used in aircraft components, such as interior panels, fuselage structures, and rotor blades, as well as in defense equipment like armored vehicles and unmanned aerial vehicles (UAVs). The stringent performance requirements and safety standards in the aerospace and defense sectors drive the adoption of organosheets, solidifying their dominance in the market.
The Transportation application segment is experiencing the highest Compound Annual Growth Rate (CAGR) in the Organosheet Market due to several factors. Organosheets offer lightweight and durable solutions for transportation applications, including automotive, railway, and marine sectors. With an increasing focus on fuel efficiency, emissions reduction, and vehicle electrification, there is a growing demand for lightweight materials like organosheets in-vehicle components such as body panels, interiors, and structural reinforcements. Additionally, advancements in manufacturing technologies and material innovations further drive the adoption of organosheets in transportation applications, contributing to their rapid growth in the market.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America has secured the largest market share in the Organosheet Market due to several factors. The region boasts a mature automotive and aerospace industry, both major consumers of organosheets for lightweighting and structural applications. Additionally, stringent regulations regarding emissions and fuel efficiency drive the adoption of lightweight materials like organosheets. Moreover, North America is home to key players in the organosheet market, along with robust research and development activities, further solidifying its dominance in the market.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: ORGANOSHEET MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Organosheet market accounts for the second-largest market share due to a well-established aerospace sector. Europe has captured the second-largest market share in the Organosheet Market due to several factors. The region benefits from a strong automotive industry with a focus on lightweight to meet stringent emission standards. Additionally, Europe has a well-established aerospace sector, driving demand for organosheets in aircraft components. Furthermore, government initiatives promoting sustainability and technological innovation encourage the adoption of lightweight materials like organosheets. These factors contribute to Europe's significant presence in the organosheet market. Further, the German Organosheet market held the largest market share, and the UK Organosheet market was the fastest growing market in the European region
The Asia-Pacific Organosheet Market is expected to grow at the fastest CAGR from 2024 to 2032. The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the Organosheet Market due to several factors. Rapid industrialization, urbanization, and infrastructure development across countries like China, India, and Japan drive demand for lightweight and durable materials like organosheets in the construction, automotive, and transportation sectors. Additionally, increasing investments in research and development, along with expanding manufacturing capabilities, contribute to the region's rapid growth in the organosheet market, presenting significant opportunities for market players. Moreover, China’s Organosheet market held the largest market share, and the Indian Organosheet market was the fastest growing market in the Asia-Pacific region.
Leading players in the Organosheet Market are focusing on strategic initiatives to maintain their competitive edge. These include investments in research and market developments to innovate new materials and manufacturing processes, expanding their product portfolios to cater to diverse industry needs, and forming strategic partnerships or collaborations to enhance market presence and reach. Additionally, companies are emphasizing sustainability and eco-friendly practices to meet evolving customer demands and regulatory requirements, thus reinforcing their position as market leaders.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Organosheet industry to benefit clients and increase the market sector. In recent years, the Organosheet industry has offered some of the most significant advantages to PA. Major players in the Organosheet market, including Hexcel Corporation, Teijin Limited, SABIC, Toray Industries, Inc., Gurit Holding AG, Mitsubishi Chemical Advanced Materials, Solvay S.A., Celanese Corporation, PolyOne Corporation, PlastiComp, Inc. and Others, are attempting to increase market demand by investing in research and development operations.
Hexcel Corporation is a leading player in the Organosheet Market, offering innovative composite materials solutions. With a focus on advanced carbon fiber composites, Hexcel provides a wide range of organosheets tailored to meet the demanding requirements of various industries. The company's organosheets are renowned for their lightweight, high-strength properties, making them ideal for applications in aerospace, automotive, wind energy, and other sectors. Hexcel's expertise in resin systems, fiber reinforcements, and manufacturing processes enables the development of cutting-edge organosheets that offer superior performance, durability, and cost-effectiveness. With a presence and a commitment to innovation and sustainability, Hexcel continues to be a trusted partner for customers seeking high-quality composite materials solutions in the Organosheet Market.
Teijin Limited is a prominent player in the Organosheet Market, specializing in advanced composite materials and technologies. Leveraging its expertise in polymer chemistry and fiber reinforcement, Teijin offers a comprehensive portfolio of organosheets tailored to meet the diverse needs of industries such as automotive, aerospace, and renewable energy. Teijin's organosheets are renowned for their exceptional strength, durability, and lightweight properties, making them ideal for applications requiring high-performance materials. With a strong commitment to innovation and sustainability, Teijin continues to invest in research and development to develop cutting-edge organosheet solutions that address evolving market demands. Through strategic partnerships and a network of operations, Teijin remains a trusted leader in providing innovative composite materials solutions to customers worldwide.
Hexcel Corporation
Teijin Limited
SABIC
Toray Industries, Inc.
Gurit Holding AG
Mitsubishi Chemical Advanced Materials
Solvay S.A.
Celanese Corporation
PolyOne Corporation
PlastiComp, Inc.
April 2022: Hexcel and Archer Aviation Inc. have entered into a letter of intent outlining a potential collaboration for the supply of high-performance carbon fiber material intended for the manufacturing of Archer's production aircraft.
February 2022: Teijin Limited has announced its collaboration with Japan-based recycled carbon fibers manufacturer Fuji Design Co. Ltd to establish a business aimed at producing, supplying, and commercializing carbon fiber reinforced plastic products derived from recycled carbon fibers. This initiative focuses on utilizing a low environmental impact process for manufacturing carbon fiber, contributing to sustainability efforts within the industry.
Carbon Fiber
Glass Fiber
PA
PP
PC
PEEK
Others
Aerospace & Defense
Transportation
Sports & Leisure
Construction
Others
North America
Europe
Asia-Pacific
Rest of Asia-Pacific
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.6 Billion |
| Market Size 2024 | USD 0.7 Billion |
| Market Size 2032 | USD 1.5 Billion |
| Compound Annual Growth Rate (CAGR) | 12.20% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Fiber Type, Resin Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Hexcel Corporation, Teijin Limited, SABIC, Toray Industries, Inc., Gurit Holding AG, Mitsubishi Chemical Advanced Materials, Solvay S.A., Celanese Corporation, PolyOne Corporation, PlastiComp, Inc. and Others |
| Key Market Opportunities | Renewable Energy Infrastructure and Infrastructure Development |
| Key Market Dynamics | Growing Construction Sector and Rising Demand for Electric Vehicles |
Frequently Asked Questions (FAQ) :
The Organosheet market size was valued at USD 0.6 Billion in 2023.
The market is projected to grow at a CAGR of 12.20% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are Hexcel Corporation, Teijin Limited, SABIC, Toray Industries, Inc., Gurit Holding AG, Mitsubishi Chemical Advanced Materials, Solvay S.A., Celanese Corporation, PolyOne Corporation, PlastiComp, Inc. and Others Company.
The Carbon Fiber category dominated the market in 2023.
The Aerospace & Defense category had the largest share in the market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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