LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global sports composites market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
The global sports composite market is expected to see a growth during the forecast period as a result of the increasing awareness about fitness and a healthy lifestyle. More and more sporting activities are taking place, and the quality of sporting equipment is a crucial factor in winning or losing the game. Athletes are demanding improved sports equipment, which are light in weight and strong. Thus, a composite with a good weight to strength ratio is a good choice for use in the products. Composites impart strength and make the sports equipment light, improving the performance of the athletes.
Competitive vendor landscape
The global sports composites market is one of the growing markets. Vendors focus on the high manufacturing costs of composites for sports and high customization requirement from the end-user industries. The market is dominated by global vendors, such as DuPont, Hexion, SGL Group, TOPKEY, and TORAY INDUSTRIES.
“The competitive environment in the market might further intensify over the next five years with the increase in the extension of product applications in terms of innovation in technology. Vendors compete based on factors such as access to raw materials, economies of scales, product innovations, and the ability to recycle the products as the costs of raw materials are very high,” says Kshama Upadhyay, a lead textile, fiber, and composites research analyst from Technavio.
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Top five sports composites market vendors
DuPont provides materials such as resins, fibers, and coatings for the sports industry. Its Surlyn resins have moldability, good cut resistance, and resilience, making it an apt product for golf ball covers, bowling pin covers, snowshoes, and other winter sports articles. DuPont HPF ionomer golf ball resins can be melt-processed and have high compression and resilience. They are used in different corers and mantels.
Hexion’s composites expertise is a culmination of three companies: Shell, Bakelite, and MGS. It provides a wide range of epoxy and phenolic resin systems. In the sporting goods segment, it provides custom solutions for extreme performance sports.
SGL Group provides carbon fiber-reinforced composites to many types sports, such as golf, hockey, tennis, kayaking, and cycling. Its products are SIGRAFIL continuous tow carbon fibers, SIGRAPREG pre-impregnated products, and textile products. The types of standard resins for sports are E450, E310, E340, and E330.
TOPKEY’s core business segment is sports and leisure, and the main products are for carbon fiber racket, badminton, squash racket, composite bicycle frame, fork and handle, rim, and composite helmet knee and neck. Its annual production for rackets and sport is 2 million, for bike products the annual production capacity is 300,000 sets.
TORAY INDUSTRIES is a key manufacturer of carbon fiber, and its brand TORAYCA has been used in various applications from sports and leisure to general industrial use for its exceptional lightness, strength, and stiffness. Its carbon fiber composite materials find applications in golf shafts, fishing rods, bicycles, and tennis racquets.
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