DUBLIN--(BUSINESS WIRE)--The "Composites Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the global composites market looks attractive with opportunities in transportation, construction, wind energy, pipe & tank, marine, consumer goods, electrical and electronics, aerospace, and others
The global composite materials market is expected to reach an estimated $40.2 billion by 2024 and it is forecast to grow at a CAGR of 3.3% from 2019 to 2024.
The global composites end product market is expected to reach an estimated $114.7 billion by 2024. The major drivers for growth in this market are increasing demand for lightweight materials in the aerospace & defense and automotive industry; corrosion and chemical resistance materials demand in construction and pipe & tank industry; electrical resistivity and high flame retardant materials demand in electrical and electronics industry.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of low-cost carbon fibers, high-performance glass fiber, and rapid cure resin system.
The study includes the market size for composites market and forecast for the global composites market by application, fiber type, resin type, manufacturing process, molding compound, country, and region, as follows:
Composites Industry by End Use Industry ($ Million and Million Pounds)
- Transportation
- Marine
- Wind Energy
- Aerospace
- Pipe & Tank
- Construction
- Electrical and Electronics
- Consumer Goods
- Others
Composites Industry by Manufacturing Process ($ Million and Million Pounds)
- Hand Lay-up
- Spray-up
- Resin Infusion (RRIM, RTM, VARTM)
- Filament Winding
- Pultrusion
- Injection Molding
- Compression Molding
- Prepreg Lay-up
- Other
Composites Industry by Molding Compound ($ Million and Million Pounds)
- SMC
- BMC
- Thermoplastic Compounds (SFT, LFT, GMT, CFT and Other)
Composites Industry by Resin Type ($ Million and Million Pounds)
- Polyester
- Epoxy
- Vinyl ester
- Phenolic
- Thermoplastics
Composites Industry by Fiber Type ($ Million and Million Pounds)
- Glass fiber
- Carbon fiber
- Aramid fiber
Composites Industry by Fiber Glass Type ($ Million and Million Pounds)
- Single End Roving
- Multi End Roving
- Chopped Strands
- Woven Roving
- Fabrics
- Chopped Strand Mat
- Continuous Filament Mat
- Others
Composites Industry by Carbon Fiber Type ($ Million and Million Pounds)
- PAN Based Carbon Fiber
- PITCH Based Carbon Fiber
Composites Industry by Region ($ Million and Million Pounds)
- North America
- Europe
- Asia Pacific
- RoW
Composites Industry by Country (Million Pounds)
- USA
- Canada
- Mexico
- Germany
- UK
- France
- Italy
- Spain
- Netherland
- China
- India
- Japan
- South Korea
- Brazil
- Russia
On the basis of its comprehensive research, the researcher forecasts that the aerospace and wind energy segments are expected to show above average growth during the forecast period from 2019 to 2024.
Within the global composites market, injection molding, hand layup, compression molding, spray up, filament winding, resin infusion, and prepreg layup are some of the major processes utilized to manufacture composite parts. Injection molding is expected to be the largest process in terms of value and volume in composite manufacturing because of low cycle time, low manufacturing cost, and the ability to make complex shapes.
Asia Pacific is expected to remain the largest region by value and volume; this region is also expected to experience 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.
Some of the features of the report include:
- Market size and growth rates of the global composites market.
- Composites and competing for material markets (steel, aluminum, plastic, composites) in terms of volume
- Market size estimates of glass fiber and by type of product form.
- Market size estimates of global carbon fiber market by tow size as well as by pan and pitch type in terms of volume and value
- Market for fiber type (glass composites, carbon composites, aramid composites).
- Analysis of the global composites industry size in terms of value and volume.
- Trends (2013-2018) and forecast (2019-2024) for the global composites industry in terms of value and volume by region, such as North America, Europe, Asia Pacific, and RoW
- Global composites industry trends (2013-2018) and forecast (2019-2024) in terms of value and volume by application, such as Transportation, Marine, Wind energy, Aerospace, Pipe and tank, Construction, Electrical & Electronics, Consumer goods, and Others.
- Market size estimates for reinforcements and resins
- Market size estimates for global commodity composites and advanced composites
- Market size estimates of global composites by molding compound
- Market breakdown by applications and key regions of North America, Europe, Asia Pacific, and the Rest of the World
- Market size estimates of global composites by end product market for 2018 and 2024
- Composites market by country, including China, India, the US, and Germany
- Competitive analysis of steel, aluminum, plastics and the composites industries
- Market breakdown by manufacturing technology, manufacturing process, market segment, and material type
- Thermoset and thermoplastic composites market size
- Market outlook and global trends in automotive, marine, construction, aerospace and other important market segments with the needs and challenges of each
- Value chain analysis: Dollar and gross profit flow through various nodes of the value chain (from raw material to final application)
- Company profiles of material and end product manufacturers
- Current innovations in the global composites industry
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth segments in the global composites market by application type (transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical & electronics, consumer goods, and others), raw material (glass fiber, carbon fiber, aramid fiber, polyester resin, vinyl ester, phenolic, polyurethane, thermoplastic resin, filler, and others), fiber type (glass fiber composites, carbon fiber composites, and aramid fiber composites), resin type (polyester composites, epoxy composites, vinyl ester composites, phenolic composites, other thermosets, and thermoplastic composites), by molding compound (SMC, BMC, SFT, LFT, and other composites), and region (North America, Europe, APAC, and ROW)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this composites market?
Q.5. What are the business risks and competitive threats in this composites market?
Q.6. What are the emerging trends in this composites market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the composites market?
Q.8. What are the new developments in the composites market? Which companies are leading these developments?
Q.9. Who are the major players in this composites market? What strategic initiatives are key players pursuing business growth?
Q.10. What are some of the competing products in this composites market and how big of a threat do they pose for loss of market share by the material or product substitution?
Q.11. What M & A activity has occurred in the last 5 years in this composites market?
Key Topics Covered
1. Executive Summary
2. About the Composites Industry
2.1: What is the Composites Industry?
2.2: Characteristics of the Composites Industry
3. Competitive Analysis of the Steel, Aluminum, Plastics, and Composites Industries
3.1: Competitive Analysis
3.2: Plastics Industry Overview
3.3: Steel Industry Overview
3.4: Aluminum Industry Overview
3.5: Composites Industry Overview
4. Global Reinforcement Market
4.1: Functions of Fibers and Resin Materials in Composites
4.2: Global Composites Market by Fiber Type
4.3: Global Market Size for Reinforcements
4.4: Market Leaders
5. Global Resin Market
5.1: Types of Resin
5.2: Price and Weight Distribution of Various Ingredients in Composites
5.3: Resin Market
6. Global Composites Market by Material Type
6.1: Advanced Composites Market
6.2: Raw Materials Market
6.3: Thermoset and Thermoplastic Composites Market
6.4: Thermoplastic Composites Market by Product Form
6.5: Composites Market by Molding Compounds
7. Global Composites by Market Segment
7.1: Global Composites Market by Segment
7.2: Driving Forces for the Use of Composite Materials
7.3: Key Requirements in Various Market Segments
7.4: Transportation Industry Market Outlook and Trends
7.5: Market Outlook and Trends for the Aerospace and Defense Industry
7.6: Market Outlook and Trends for the Construction Industry
7.7: Pipe and Tank Industry Analysis
7.8: Marine Market Outlook and Industry Trends
7.9: Consumer Goods Market Outlook and Industry Trends
7.10: Electrical and Electronic Industry Outlook
7.11: Wind Energy
8. Global Composites Market by Manufacturing Process
8.1: Global Composites Market by Manufacturing Process
9. Trends and Forecast
9.1: Industry Challenges in Recent Years
9.2: Trends in Global the Composites Industry
9.3: Trends in North American Composites Industry
9.4: Trends in the European Composites Industry
9.5: Trends in the Asian Composites Industry
9.6: Composites Industry Forecast
9.7: Forecast for the North American Composites Industry
9.8: Forecast for the European Composites Industry
9.9: Forecast for the Asian Composites Industry
9.10: Trend and Forecast for Composite Manufacturing Processes
10. Regional Analysis
10.1: Composite Shipments by Region
10.2: Composite Consumption by Country
10.3: Composite Applications by Region
11. Value Chain Analysis and Industry Leaders
11.1: Value Chain Analysis
11.2: Industry Leaders
12. Material and Technology Needs for the Future Composites Industry
12.1: Need for Low-Cost Raw Materials
12.2: Resins and Fiber Materials with Higher Strain to Failure
12.3: Better UV and Chemical Resistant Materials
12.4: Low-Cost Manufacturing Process for Large and Small Parts
12.5: Need for High Temperature Composite Materials
12.6: Low Shrinkage Materials
12.7: Composite Materials with improved Wear and Tear Resistance
12.8: Damping and Noise Resistance Materials
12.9: Optimal Resin and Additive Systems for Closed Molding Operations
12.10: Products Manufacturability and Affordability
12.11: Flexible Gelcoats
12.12: Flame Resistant Materials
12.13: Self-Healing Materials
12.14: Manufacturing Process with Lower Processing Time
12.15: Flexible Honeycomb Core
12.16: Fabric Wrinkling Resistance
12.17: Method of Cutting Wet Prepregs
12.18: Need for Moisture Resistant Honeycomb Cores
12.19: Fast Cure Epoxy Resin
13. Innovations in the Composites Industry
13.1: Gurit's Balsaflex Lite for Wind Blades
13.2: Gurit's Ampreg 30 Laminating System
13.3: Polynt Composites: low-styrene content (LSC) unsaturated polyester resins
13.4: Novel Water-Insensitive Curing Systems for Bio-Fiber Reinforced Composites
13.5: New High Tensile Carbon Fiber
13.6: New Meta-Aramid Fiber
13.7: New Composite Toughening System
13.8: New Black Para-Aramid Fiber
13.9: PulStrand 4100 Roving
13.10: New Thermoplastic Textile Prepreg Flame-Retardant, High-Modulus
13.11: Novel Nonwovens to Increase Composite Functionality
13.12: Advalite - Resins for Composite Applications
13.13: Owens Corning's Performax Roving
13.14: Johns Manville's ThermoFlow 636, a New Chopped Strand Glass Fiber
13.15: Dow Introduced New Polyurethane Series VORAFORCE TW 1100
13.16: Cytec Industrial Materials' New Prepreg MTM 23 for Automotive
13.17: Momentive's EPIKOTE Binder System 620 for Automotive
13.18: New Two Part Epoxy Resin System by Cytec
13.19: Cytec Industries' Vinyl Ester Prepreg for Automotive
13.20: Hexcel's Epoxy Prepreg HexPly M77
13.21: AOC's Low-Density Sheet Molding Compound
13.22: PremierUV-Sheet Molding Compound by The Composite Group
13.23: Core Molding Technologies' Airilite Ultra-Low-Density SMC
13.24: Globe Machine Manufacturing's Second Generation Autoclave Processing Technology
13.25: Magnum Venus' Mix Gun Talon-X with Enhanced Features
For more information about this report visit https://www.researchandmarkets.com/r/o8q9qh
