According to a new market report published by Lucintel, the future of the global composites distributor market looks promising with opportunities in transportation, marine, wind energy, aerospace & defense, pipe & tank, automotive, marine, construction, electrical/electronics, and consumer goods. The composites distributor market is expected to reach $4.7 billion by 2026 with a CAGR of 4.9% from 2021 to 2026. The major drivers in this market are increasing demand for composites in North America and Asia Pacific region and presence of large number of medium and small composite part manufacturers.
In this market, polyester resin is expected to remain the largest material by value and volume and it is also expected to witness the highest growth during the forecast period due to increasing demand in construction and pipe & tank industry.
Within this market, construction will remain the largest end use
industry due to growth in demand for light weight and non-corrosive materials
in industrial, commercial, residential, and civil construction applications as
well as presence of large number of composite part fabricators. Distributors
generally serve small to medium size part fabricators as they buy small to
mid-sized quantities for various applications.
Asia Pacific is expected to remain the largest region by value and
volume and it is also expected to experience the highest growth over the
forecast period because of growing composites market and presence of a large
number of small part fabricators especially for pipe & tank, construction,
and consumer goods end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include Composites distributor capturing market either through merger and acquisition or partnership. Some of the major composites distributor manufacturers profiled in this report include Composites One, North American Composites, Gazechim, Euroresins, Lintech International, FRP Services, IMCD Group B.V., Microtex Composites SRL, Sino Composites, Sumitomo Shoji Chemicals, Sojitz Corporation, and Soon Yang Chemicals.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global composites distributor market by end use industry, raw material, intermediate, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Composites Distributor Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes the composites distributor market size and forecast for the composites distributor market through 2026, segmented by end use industry, raw material, intermediate, and region as follows:
By End Use Industry [$M shipment analysis for 2015 – 2026]:
- Aerospace and Defense
- Wind Energy
- Automotive
- Marine
- Construction
- Pipe and Tank
- E&E
- Consumer Goods
- Others
By Raw Material [$M shipment analysis for 2015 – 2026]:
- Roving (GF/CF)
- Textile (GF/CF)
- Polyester Resin
- Vinyl Ester Resin
- Epoxy Resin
- Other
Resins
By Intermediate [$M shipment analysis for 2015 – 2026]:
- Prepreg
- SMC (Sheet Molding Compound)
- BMC (Bulk Molding Compound)
- SFT (Short Fiber Thermoplastic)
- LFT (Long Fiber Thermoplastic)
- CFT (Carbon Fiber Thermoplastic)
- GMT
(Glass Mat Thermoplastic)
By Region [$M shipment analysis for 2015 – 2026]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
This 142 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 helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Due Diligence.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. 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. For further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global composites distributor market by end use industry (aerospace and defense, wind energy, automotive, marine, construction, pipe and tank, electrical/electronics, consumer goods, and others), by raw material (roving, textile, polyester resin, vinylester resin, epoxy resin, and other resins), by intermediate (prepreg, SMC, BMC, SFT, LFT, CFT, and GMT), and by region (North America, Europe, Asia Pacific, and the Rest of the World)
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
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