Lucintel anticipates significant innovations in the composites market in the forthcoming years

Composites have already proven their worth as the materials having excellent performance benefits. The current challenges lying ahead are to make them cost-effective and speed up the manufacturing process. The efforts to meet these challenges have resulted in the development of advanced manufacturing techniques and innovative materials. The future market is expected to be highly competitive, and companies with innovation capability can thrive and gain market share.

The market for one of the composite materials, such as glass fiber, which is used as a reinforcing material for a variety of applications, such as boat, construction, wind, pipe and tank, and consumer goods, was approximately $8.1 billion in 2013. Manufacturers of glass fibers are expected to focus on continuously developing high-performance glass fibers to meet higher mechanical and chemical requirements of different applications. Recently, PPG, 3B, Jushi Group, Owens Corning, and others have launched products to meet the requirements of the industry.

Lucintel, a leading global management consulting and market research firm, has analyzed the innovations in the global composites market by material, application, and technology and has come up with a comprehensive research report, “Innovations in Global Composites Industry”. This composite materials market report provides an analysis of the innovations in composites manufacturing technologies, applications and materials, including the market potential of materials, value chain, key drivers, unmet need, and the future roadmap for innovations in the composites industry. The study also includes the global composites materials market forecasts through 2025, by application. Innovations in the composites industry are categorized or presented in the report as under the following headings:

Megatrends in composites by:

• ·         Materials
• ·         Applications
• ·         Technology

Innovations in the global composites industry by material:

• ·         Glass Fiber
• ·         Carbon Fiber
• ·         Natural Fiber
• ·         Resins
• ·         Compounds
• ·         Core Materials

Innovations in the global composites industry by application:

• ·         Aerospace
• ·         Automotive
• ·         Wind Energy
• ·         Construction

On the basis of its comprehensive research, Lucintel expects significant innovations in the composites market in the next 50 years. Most of the innovations in composite materials are focusing on performance improvement and cost benefits.

This 406-page research report will enable you to make confident business decisions in the global composites industry. For a detailed table of contents and pricing information on these timely, insightful reports, click on this link http://www.lucintel.com/ or contact Lucintel at +1-972-636-5056, or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat, located on the website, to answer your questions in real time.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth, whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.