Rising demand for lightweight materials in defense, aerospace and automotive industries is a major factor influencing market growth.
Market Size – USD 88.44 Billion in 2018, Market Growth - CAGR of 6.2%, Market Trends – Growing applications in the automotive and transportation industry.
The global Composites market is expected to reach USD 146.14 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rising demand for lightweight materials in defense, aerospace and automotive industries.
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Composites are lightweight when compared to most woods, metals, and alloys, which is an essential requirement for automobiles and aerospace industries since reducing the weight reduces the amount of fuel it needs and increases the speeds of the automobiles and aircraft. Furthermore, composites are also resistant to damage from weather, temperature changes, and harsh chemicals along with being non-corrosive. For instance, composites can be a good choice where chemicals are handled or stored.
Highly expensive processing and manufacturing is one of the factors restraining the growth of the market.
Further key findings from the report suggest
• The market is segmented on the basis of resin type into thermoset composites, thermoplastic composites and others.
• Thermoset resin dominated the market, with a share of ~59% in 2018.
• Thermoset composites are synthetic materials that get strengthened when heated without losing their plasticity, suitable for highly corrosive and high-temperature applications and are majorly used in construction & infrastructure, marine, aerospace and wind energy industries.
• The market is segmented on the basis of product type into polymer matrix composite, metal matrix composites, and ceramic matrix composites.
• Polymer matrix composite dominated the market in 2018 and is forecasted to witness a growth of 7.6% during the forecast period, due to the growth of glass and carbon fibers.
• The market is segmented on the basis of process into pultrusion process, layup process, filament winding, compression molding, injection molding, resin transfer molding, automated fiber placement, and automated tape laying.
• The layup process segment dominated the market in 2018 and is forecasted to have a growth of 6.8% during the forecast period.
• Key participants include Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, SGL Group, Nippon Electric Glass Co. Ltd., Koninklijke Ten Cate BV, Huntsman International LLC., Solvay, Hexcel Corporation, Hexion, E. I. Du Pont Nemours & Co., Weyerhaeuser Company, Chongqing Polycomp International Corporation and Jushi Group Co., Ltd., among others.
• The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.
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For the purpose of this report, Reports and Data have segmented global Composites Market on the basis of resin type, product type, industry vertical, process, and region:
Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
• Thermosetting Composites
• Thermoplastic Composites
• Others
Product type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Polymer Matrix Composites
o Carbon Fiber Reinforced Plastic
o Glass Fiber Reinforced Plastic
o Others (Aramid fiber composites, etc.)
• Metal Matrix Composites
• Ceramic Matrix Composites
Process Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Pultrusion Process
• Layup Process
• Filament Winding
• Compression Molding
• Injection Molding
• Resin Transfer Molding
• Others (Automated fiber placement, automated tape laying, etc.)
Industry vertical Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Automotive & Transportation
• Aerospace & Defense
• Electrical & Electronics
• Wind Energy
• Construction & Infrastructure
• Pipes & Tanks
• Marine
• Others
Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
• North America
o U.S.
• Europe
o Germany
o UK
• Asia Pacific
o China
o India
o South-east Asia
• Latin America
o Brazil
• MEA
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/composites-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
News: www.reportsanddata.com/market-news
Market Size – USD 88.44 Billion in 2018, Market Growth - CAGR of 6.2%, Market Trends – Growing applications in the automotive and transportation industry.
The global Composites market is expected to reach USD 146.14 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rising demand for lightweight materials in defense, aerospace and automotive industries.
Request for FREE sample copy of this premium report at: https://www.reportsanddata.com/sample-enquiry-form/1253
Composites are lightweight when compared to most woods, metals, and alloys, which is an essential requirement for automobiles and aerospace industries since reducing the weight reduces the amount of fuel it needs and increases the speeds of the automobiles and aircraft. Furthermore, composites are also resistant to damage from weather, temperature changes, and harsh chemicals along with being non-corrosive. For instance, composites can be a good choice where chemicals are handled or stored.
Highly expensive processing and manufacturing is one of the factors restraining the growth of the market.
Further key findings from the report suggest
• The market is segmented on the basis of resin type into thermoset composites, thermoplastic composites and others.
• Thermoset resin dominated the market, with a share of ~59% in 2018.
• Thermoset composites are synthetic materials that get strengthened when heated without losing their plasticity, suitable for highly corrosive and high-temperature applications and are majorly used in construction & infrastructure, marine, aerospace and wind energy industries.
• The market is segmented on the basis of product type into polymer matrix composite, metal matrix composites, and ceramic matrix composites.
• Polymer matrix composite dominated the market in 2018 and is forecasted to witness a growth of 7.6% during the forecast period, due to the growth of glass and carbon fibers.
• The market is segmented on the basis of process into pultrusion process, layup process, filament winding, compression molding, injection molding, resin transfer molding, automated fiber placement, and automated tape laying.
• The layup process segment dominated the market in 2018 and is forecasted to have a growth of 6.8% during the forecast period.
• Key participants include Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, SGL Group, Nippon Electric Glass Co. Ltd., Koninklijke Ten Cate BV, Huntsman International LLC., Solvay, Hexcel Corporation, Hexion, E. I. Du Pont Nemours & Co., Weyerhaeuser Company, Chongqing Polycomp International Corporation and Jushi Group Co., Ltd., among others.
• The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.
Make an inquiry before buying this report at: https://www.reportsanddata.com/make-enquiry-form/1253
For the purpose of this report, Reports and Data have segmented global Composites Market on the basis of resin type, product type, industry vertical, process, and region:
Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
• Thermosetting Composites
• Thermoplastic Composites
• Others
Product type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Polymer Matrix Composites
o Carbon Fiber Reinforced Plastic
o Glass Fiber Reinforced Plastic
o Others (Aramid fiber composites, etc.)
• Metal Matrix Composites
• Ceramic Matrix Composites
Process Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Pultrusion Process
• Layup Process
• Filament Winding
• Compression Molding
• Injection Molding
• Resin Transfer Molding
• Others (Automated fiber placement, automated tape laying, etc.)
Industry vertical Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Automotive & Transportation
• Aerospace & Defense
• Electrical & Electronics
• Wind Energy
• Construction & Infrastructure
• Pipes & Tanks
• Marine
• Others
Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
• North America
o U.S.
• Europe
o Germany
o UK
• Asia Pacific
o China
o India
o South-east Asia
• Latin America
o Brazil
• MEA
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/composites-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
News: www.reportsanddata.com/market-news
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