The global composites market is projected to reach $60.6 billion by 2027, at a CAGR of 5.5% during 2022-2027. The growth of composites market is driven by increasing demand for lightweight materials in the aerospace & defense and automotive industries; corrosion- and- chemical-resistant materials’ demand in construction, and pipe & tank industries; electrical resistivity and high flame retardant materials’ demand in the electrical and electronics industry.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the composites market by end use
industry (transportation, marine, wind energy, aerospace, pipe & tank,
construction, electrical & electronics, consumer goods, and others),
manufacturing process (hand lay-up, spray up, resin infusion, filament winding,
pultrusion, injection molding, compression molding, prepreg lay up, and
others), molding compound (SMC, BMC, and thermoplastic compounds), resin type
(polyester, epoxy, vinyl ester, phenolic, and thermoplastic), fiber type (glass
fiber composites, carbon fiber composites, and aramid fiber composites),
fiberglass type (single end roving, multi end roving, chopped strand, woven
roving, fabrics, chopped strand mat, continuous filament mat, and others),
carbon fiber type (PAN based carbon fiber and pitched based carbon fiber), and
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 What are the
business risks and threats to the composites market?
Q.4 What are some
changing demands of customers in the composites market?
Q.5 What are the new
developments in the composites market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this composites area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this composites market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include development of
low-cost carbon fibers, high performance glass fiber, and rapid cure resin
system.
Download Brochure of this report by clicking on https://www.lucintel.com/composites-market.aspx
Market Segmentation:
Based on manufacturing
process, the composites market is segmented into hand lay-up, spray up, resin
infusion, filament winding, pultrusion, injection molding, compression molding,
prepreg lay up, and others. The injection molding segment is accounted for the
largest share of the market in 2021 because of high-output production rate, low
labor cost, and design flexibility.
Asia Pacific is expected
to be the largest region with the highest growth over the forecast period because of growth
in construction, transportation, and the electrical and electronics segments.
The major drivers for growth are increasing automotive production, high growth
in construction, and infrastructure development.
Key Players in the composites
market are Owens Corning, Jushi, Nippon Electric, Toray Industries, and Hexcel
Corporation.
Request Sample Pages by clicking on https://www.lucintel.com/composites-market.aspx
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/composites-market.aspx
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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
Related reports
Indian Aerospace and Defense Composite Market:
For more details click here https://www.lucintel.com/composites-in-indian-aerospace-and-defense-market.aspx
Composites
in North America Automotive Market:
For more details click here https://www.lucintel.com/north-american-automotive-composites-market.aspx
Recycled Carbon Fiber Market:
For more details click here https://www.lucintel.com/recycled-carbon-fiber-market.aspx
Short
Fiber Thermoplastic Market:
For more details click here https://www.lucintel.com/short-fiber-thermoplastics-market.aspx
Natural
Fiber Composites Market:
For more details click here https://www.lucintel.com/natural-fiber-composite-market.aspx
Continuous Fiber Thermoplastic Market:
For more details click here https://www.lucintel.com/continuous-fiber-thermoplastic-market.aspx
Long Fiber Thermoplastics Market:
For more details click here https://www.lucintel.com/long-fiber-thermoplastics-market.aspx
Glass Fiber Textile Market:
For more details click here https://www.lucintel.com/glass-fiber-textile-market.aspx
Composites In The Global Oil and Gas Market:
For more details click here https://www.lucintel.com/trends,-opportunities-and-competitive-analysis-of--composites-in-the-oil-and-gas.aspx
Thermoplastic
Unidirectional Tape Market:
For more details click here https://www.lucintel.com/thermoplastic-unidirectional-tape-market.aspx
No comments:
Post a Comment