Lucintel Blog: Lucintel Forecasts Composites Tube Market to Reach $0.9 Billion by 2028

Friday, October 27, 2023

Lucintel Forecasts Composites Tube Market to Reach $0.9 Billion by 2028

According to the recent study the composites tube market is projected to reach an estimated $0.9 billion by 2028 from $0.6 billion in 2022, at a CAGR of 6.6% from 2022 to 2028. Growth in this market is primarily driven by lower lifecycle cost compared to competing materials, such as steel, wood, and concrete and increasing demand for lightweight composite structures.

Browse 88 figures/charts and 66 tables in this 135-page report to understand trends, opportunities and forecast in composites tube market by end use (transportation, electrical, sports and leisure, telecommunication, industrial, robotics and automation, and others), fiber type (carbon fiber, glass fiber, and hybrid), manufacturing process (pultrusion/ pullwinding, filament winding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link:

https://www.lucintel.com/composites-tube-market.aspx

“Sports and leisure market is expected to remain the largest segment during the forecast period.”

Based on end use, the composites tube market is segmented into transportation, electrical, sports and leisure, telecommunication, industrial, robotics and automation, and others. Lucintel forecasts that the sports and leisure market is expected to remain the largest segment due to its excellent physical properties, such as high strength & stiffness with low overall weight, excellent fatigue resistance, and dimensional stability.

“Within the composites tube market, the glass composite tube segment is expected to remain the largest fiber type.”

Based on fiber type the glass composite tube segment is expected to witness the highest growth over the forecast period due to its low weight and excellent strength to weight ratio.

“Asia pacific will dominate the composites tube market in near future.”

Asia Pacific is expected to remain the largest region over the forecast period due to due to the rapid industrialization, and urbanization.

Download Brochure of this report by clicking on https://www.lucintel.com/composites-tube-market.aspx.

Major players of composites tube market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Exel Composites, Accurate Plastics, Strongwell Corporation, Fibertech Composite, Fibergrate Composite Structures are among the major composites tube providers.

This unique 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 https://www.lucintel.com/composites-tube-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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