The global composites market is
anticipated to witness good growth with a CAGR of 3.5% over the next five
years. The major drivers of growth for this market are double-digit growth in
wind energy and strong growth in aerospace market. Increasing urban population
and high growth in the building and infrastructure development are other major
drivers. Lucintel, a leading global management consulting and market research
firm, has analyzed the global composites industry and presents its findings in
“Growth Opportunities in Global Composites Industry 2016-2021.”
The Asian region, which has already
emerged as the largest growth area for the composites industry, is expected to
further consolidate its leadership. Asia is anticipated to have a market share
of approximately 47.7% by volume in 2021. North America is expected to be
second with an estimated market share of 26.2% in 2021. Nevertheless,
comparatively lower levels of per capita composites consumption is anticipated
to help high growth markets in BRIC countries sustain momentum for a longer
period. On a global basis, the composites industry is forecast to grow by 3.5%
in 2016. Improving economic conditions in major countries, such as the US and
Europe are expected to propel the global composites market once again towards
strong growth.
Lucintel’s research further reveals
that demand for composite materials in the aerospace sector is expected to
witness the maximum growth among all sectors. Construction and transportation
are anticipated to witness good growth in the next five years. Carbon fiber
composite applications are expected to grow more rapidly compared to glass
fiber applications.
In the future, Lucintel expects
higher market fragmentation for the industry due to the emerging economies
coming into play. The future market is expected to be highly competitive, and
companies with innovative capabilities can be anticipated to thrive and gain
market share.
Emerging trends, which have a direct
impact on the dynamics of the industry, include development of low-cost carbon
fibers for automotive, wind and industrial applications. Development of high
performance glass fiber and shorter cycle time of resin system is other
emerging trends in composites industry.
This report by Lucintel provides a
concise overview of the global composites market. The study contains detailed
analysis of different raw material use such as glass fiber, carbon fiber,
aramid fiber, UPR, epoxy, vinyl ester, phenolic, polyurethane and thermoplastic
resin.
The data and analysis found in this
report can be utilized for a variety of functional business reasons including
business development, strategic planning, business presentations, determination
of market size and trend, competitive analysis, investment decisions, business
vision, and joint product development.
This report is a must-have report by
every company working in the composites industry. In today’s global economy,
you need every advantage that you can find to keep you ahead in your business.
Learn about current and future trends, identify key players, and explore the
directions that the industry and different segments are heading.
This unique report from Lucintel
will provide you with valuable information, insights, and tools needed to
identify new growth opportunities and operate your business successfully in
this market. This report will save hundreds of hours of your own personal
research time and will significantly benefit you in expanding your business in
this market. In today’s stringent economy, you need every advantage that you
can find.
To make any investment, business or
strategic decisions, you need timely and robust market information. This market
report fulfills this core need. This is an indispensable reference guide for
composite material suppliers, product manufacturers, investors, researchers,
engineers, distributors and many more, who are dealing with the composites
industry.
·
Market breakdown by manufacturing technologies by manufacturing process,
by market segments, and by various material types:
- Thermoset and thermoplastic composites market size
- Market outlook and global trends in automotive, marine, construction, aerospace and other important market segments with needs and challenges of various market segments
- Value chain analysis. Dollar and gross profit flow through various nodes of the value chain (from raw material to final application)
- Material price and property comparison. Fiber and resin price history and forecast. Material prices of fibers, resins, fabrics, prepregs, adhesives.
- Company profiles of material and end product manufacturers
- Current innovations in Global composites industry
This
371-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/composites_market_2021.aspx
or
helpdesk@lucintel.com. Lucintel offerings include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and market
research reports online.
About
Lucintel
