DUBLIN--(BUSINESS WIRE)--The "Composites Market Size, Share & Trends Analysis Report By Product (Carbon, Glass), By Resin (Thermosetting, Thermoplastic), By Manufacturing Process, By Application, By End Use, And Segment Forecasts, 2018 - 2024" report has been added to ResearchAndMarkets.com's offering.
The global composites market size is expected to reach USD 130.83 billion by 2024
It is anticipated to expand at a CAGR of 7.8% over the forecast period. Rising demand for lightweight materials from automotive and aerospace industries is likely to drive market growth.
Rising need for lightweight vehicles is expected to fuel composites market growth over the forecast period. U.S. and Europe are the key regions in the aerospace and defense sector with aircraft manufacturers such as Boeing and Airbus driving product demand.
The composites market has observed backward as well as forward integration from various raw material manufacturers. In-house availability of major raw materials and production and utilization of carbon fiber aids the manufacturers to reduce logistics cost. It also helps them cater to various end-use product manufacturers directly to enhance profitability. Carbon Fiber Reinforced Plastic (CFRP) applications depend on grades and ultimately the quality of precursor. Manufacturers are developing their own manufacturing technique to gain competitive advantage. Special applications of CFRP such as aerospace and high-performance cars are manufactured as per client requirements.
Glass fiber was estimated as the largest product segment in the global composites market, with a share of 64.0% in 2015. Carbon fiber mostly comprises carbon atoms bounded together in crystals that are aligned parallel to the fiber. These fibers are combined with other materials to form a composite. It is molded with plastic resin to form carbon fiber reinforced polymer. Carbon fibers find numerous applications owing to their properties such as low thermal expansion, weight, high stiffness, temperature tolerance, and chemical resistance.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Composites Market Industry Outlook
Chapter 4 Composites Market: Product Estimates & Trends Analysis
Chapter 5 Composites Market: Resin Estimates & Trends Analysis
Chapter 6 Composites Market: Manufacturing Process Estimates & Trends Analysis
Chapter 7 Composites Market: End-use Estimates & Trends Analysis
Chapter 8 Composites Market: Regional Estimates & Trends Analysis
Chapter 9 Competitive Landscape
- Teijin Limited
- Toray Industries
- Owens Corning
- PPG Industries Inc.
- Huntsman Corporation
- Cytec Industries (Solvay S.A.)
- SGL Group
- Hexcel Corporation
- Momentive Performance Materials, Inc.
- E. I. Du Pont Nemours & Co.
- Compagnie De Saint-Gobain
- Weyerhaeuser Company
- Chongqing Polycomp International Corporation
- Jushi Group Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/9vbnvb/global_composites?w=4
