Composites market will reach an estimated valuation of USD 165.44 billion by 2027, while registering this growth at a rate of 7.80% for the forecast period of 2020 to 2027. Increasing demand of lightweight materials and fuel efficient vehicles in transportation industry, rising usage of carbon fiber in wind blades, surging applications from construction and infrastructure appliances, increasing demand of glass fiber-reinforced composite pipes in sewage and water management are some of the factors which will enhance the growth of the composites market in the forecast period.
Key Market Competitors: Global Composites Market
The major players covered in the composites market report are Toray Composite Materials America, Inc., TEIJIN LIMITED., Mitsubishi Chemical Holdings Corporation., Hexcel Corporation, SGL Carbon, Nippon Electric Glass Co.,Ltd., Koninklijke Ten Cate bv., Huntsman International LLC., Solvay, Hexion, Weyerhaeuser Company., Jushi Group (HK) Sinosia Composite Materials Co., Ltd., BASF SE, Gurit, DowAksa, Renegade Materials Corporation, KINECO – KAMAN, Henkel Corporation., UPM, among other domestic and global players.
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Segmentation: Global Composites Market
- By Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites, Others)
- By Resin Type (Thermoset Composites, Thermoplastic Composites)
- By Manufacturing Process (Lay-Up Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, Compression Molding Process, Resin Transfer Molding (RTM) Process, Others)
- By End-Use Industry (Transportation, Aerospace & Defence, Wind Energy, Construction & Infrastructure, Pipe & Tank, Marine, Electrical & Electronics, Others)
- By Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy)
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2026.
- Detailed overview of parent market
- Changing market dynamics of the industry
Reasons to Purchase this Report
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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