Composites: Global Markets In-depth Industry Analysis By Types, Manufacturing Process, Size, Share, Competition, End-use Opportunities & Growth Forecast 2025
Global composites market was valued at USD 125.51 billion in 2019. The market is attributed to grow at a CAGR of 7.4% over the forecast period of 2019 to 2025. The growing need for high-performance products has risen the demand in the composites industry globally.
Dallas, United States – May 18, 2021 /MarketersMedia/ —
Two or more materials are used to make the composites or Fiber-Reinforced Polymer (FRP) composites, which make it much stronger than the individual material. Physical and chemical combinations of these materials are different. The composite retain efficiency, strength, and long-term sustainability. Additionally, composites are lighter and electricity resistant. The composites are widely used in the traditional industries because they enhance the property of the base material and can be used in any situations.
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There are two types of composites natural or synthetic. Composites are used in many industries such as Aerospace, Appliance/Business, Automotive, transportation, farm, construction, civil infrastructure, construction, corrosive environments, electrical, marine, and more. The increasing demand for the products in these industries has spurred the demand of composites stirring the composites market.
The composites are used in many industries because their costs are less as compared to metals, they are flexible, resistant to electricity and numerous chemical agents, and high strength. Moreover, light in weight is its most crucial property which is why it is used more than the conventional materials. Composites have multiple properties that can be observed in a single material. Nowadays, fibre reinforced composites are widely used in manufacturing and designing final products.
The leading manufacturers in the composites market are Jushi Group, Toray Industries, Inc., and Teijin Ltd which are competing even in the situations like Covid-19. Moreover, the top companies operating in the market are Huntsman International LLC., Nippon Electrical Glass Co. Ltd., SGL Group, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, Solvay, Teijin Limited, Toray Industries, Inc., and Owens Corning among others. These are owned are based in the countries like U.S, Japan, Belgium, and Germany. The countries have implemented numerous tactics to stay ahead to the intense competitive landscape such as new product developments with innovative solutions, new partnerships, expansions, mergers and acquisitions to make a strong foothold in the market.
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Superior performance properties are coupled with high demand from end-use industries in developing economies driving the composites market. However, the restrictions in place due to Covid-19 on transport, trade, distribution, and businesses may hamper the market sales of composites. Moreover, the concentration of carbon dioxide is increasing in the air due to high emissions and several countries and regulatory bodies have imposed stringent rules regarding the production and manufacturing of composites mandating the automotive manufacturers to make light weight and fuel-efficient vehicles which may be another important barrier to the growth of the composites market.
Key players serving the global Composites market include Teijin Limited; Owens Corning; Toray Industries, Inc.; PPG Industries, Inc.; Hexcel Corporation; Huntsman Corporation; and E. I. DuPont Nemours & Co. among others.
Some Major Points from TOC:
Chapter 1Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Composites Market by Fiber Type
Chapter 6 Composites Market by Resin Type
Chapter 7 Composites Market by Manufacturing Process
Chapter 8 Composites Market by End-Use
Chapter 9 Composites Market by Region
Chapter 10 Company Profiles
10.1 Teijin Limited
10.2 Toray Industries
10.3 Owens Corning
10.4 PPG Industries Inc.
10.5 Huntsman Corporation
10.6 Cytec Industries (Solvay S.A.)
10.7 SGL Group
10.8 Hexcel Corporation
10.9 Momentive Performance Materials, Inc.
10.10 E. I. Du Pont Nemours & Co.
Chapter 11 Competitive Landscape
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