Composites Market Value is Projected to Reach Close to $ 160 Bn by 2027

Precedence Research recently published a report on “Composites Market (By Resin: Thermoplastic, Thermosetting; By Product: Carbon Fiber, Glass Fiber; By Manufacturing Process: Injection Molding Process, Resin Transfer Molding Process, Pultrusion Process, Layup Process, Filament Winding Process, Compression Molding Process; End use: Electrical & Electronics, Automotive & Transportation, Wind Energy, Aerospace & Defense, Pipes & Tanks, Construction & Infrastructure, Other) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027”. Amid the COVID-19 crisis, the global composites market value is projected to reach US$ 160 billion by 2027, rising at a CAGR of 7.8% from 2020 to 2027.

A composite material consists of minimum two materials that combine to offer superior properties to those of the single constituents. Several component materials and numerous processes make composites enormously efficient and versatile. They usually offer more durable lighter, stronger solutions than conventional materials. Foremost driver for the development of composites is the combination of matrix and the reinforcement that can be altered to address the desired properties of a component. Composite materials attain the maximum of their advantageous properties from a strong bond among the stiff, strong reinforcement generally filaments or reinforcements with another geometrical shapes. The high usage of these composites is mainly influenced by cost thresholds, performance requirements, customer demand and regulations.

Get the Sample Pages of Report for More Understanding@ https://www.precedenceresearch.com/sample/1018

Growth Factors

Global composites market is largely influenced by ascending lightweight materials demand in many sectors like automotive, wind energy, transportation, aerospace and defense. Growing demand for composites in the automotive sector of emerging economies is predicted to lift the growth of global composite market during forecast period. Escalating prices of fuel have prompted the requirement for fuel-efficient vehicles. Composites are largely employed as the replacement for wood, aluminum, and steel due to its greater strength to weight ratio.

At present, against the backdrop of unsettled China/U.S. trade disagreements, the U.S. composites sector stays optimistic and endures to demonstrate positive growth. This mainly backed by stable growth of aerospace wind energy, and construction areas.

Report Highlights

• Asia Pacific is predicted to mirror its dominance by both value and volume throughout the forecast period. This high growth is attributed to rising demand from expanding transportation, electrical and electronics, construction segments in this region.
• Some of the driving factors for extensive growth of composites market are high growth in construction, cumulative automotive production, and infrastructure advancements.
• Glass fiber-based composites products dominated the global marketplace in 2019, followed by carbon fiber-based composites.
• The appearance of the Singapore, Philippines, Indonesia, Malaysia, and Vietnam as chief shipbuilding hubs in Asia Pacific is projected to stimulate composites demand in the region during years to come
• The global composites market has emerged as exciting workplace due to new materials, processes and increasing applications areas.

Regional Snapshots

Asia Pacific dominated the global composite market in 2019, with around 45% revenue share of the overall market. Some of the major consumers of glass fiber composites in the U.S. are the transportation construction, and pipe and tank sectors. These segments collectively account for around 70% of the whole usage. Forthcoming trends show that these crucial segments provide noteworthy growth latent for the U.S. composites commerce. Growing commercial and residential construction, water and wastewater infrastructure, constant growth in gas and oil accomplishments and proliferating demand for lightweight vehicles are predicted to support the market growth.

Latin America is extremely challenging region for composites market. Economic and political uncertainty in this region had decelerated the growth of the market in the past few years. Nevertheless, in recent few years, the regional market showed comparatively solid growth, particularly in Brazil. Local and regional market companies are finding this market attractive due to vigorous growth in the end use sectors of this region.

Key Players & Strategies

Some of the topmost suppliers of glass fiber in the U.S are Jushi, Nippon Electric Glass, Owens Corning, CPIC and Johns Manville. The glass fiber business is quite consolidated, with the uppermost 3 players occupying more than 50% of the total output by value. In order to accomplish the growing demand for glass fiber in numerous applications, enterprises are trying to develop both inorganically and organically. For example, in 2019, Jushi USA started operation of its alkali-free fiber production line along with capacity of 96,000 tons annually and an over-all investment of USD 350 million. On the other hand, in 2017-18, Nippon Electrical Glass acquired the outstanding PPG USA fiberglass operations with around USD 550 million.

High manufacturing and processing costs of composites are challenging the profitability of the composites market. Along with great production cost, high early capital investment is further posing challenge for the market players. Players such as Owens Corning, Toray Industries, and Teijin Ltd. are united across the value chain of composites in distribution and production undertakings. They are also striving hard to diversify their product portfolio.

The key players in the market include Teijin Limited, Nippon Electrical Glass Co. Ltd., Gurit, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, Owens Corning, Toray Industries, Inc., SGL Group, Huntsman International LLC and Solvay among others. These corporations are accepting numerous organic and inorganic business strategies to surge their presence in the global composites market.

Market Segmentation

By Product Type

• Glass Fiber
• Carbon Fiber
• Others

By Resin Type

• Thermoplastic
• Thermosetting
• Others

By Manufacturing Process Type

• Injection Molding Process
• Resin Transfer Molding Process
• Pultrusion Process
• Layup Process
• Filament Winding Process
• Compression Molding Process
• Others

By End Use Type

• Electrical & Electronics
• Automotive & Transportation
• Wind Energy
• Aerospace & Defense
• Pipes & Tanks
• Construction & Infrastructure
• Marine
• Others

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Key Takeaways

• Comprehensive analysis of the composites market trends and shares from 2020 to 2027 at global and regional level to identify growth opportunities and analyze market developments
• Exhaustive analysis of price trends with respect to resin type and region that are expected to impact the outlook of the global composites market
• Porters’ Five Forces analysis that highlights the bargaining power of buyers and suppliers to enable stakeholders to make profit-oriented business decisions
• Extensive market outlook of key geographic regions along with market drivers, inhibitors, current & future market trends, and emerging applications
• Comprehensive list of key potential clients across major end-use industries in different geographies
• Thorough import-export analysis  across the globe
• Regional level production output to comprehend the demand-supply scenario
• Competitive landscape covers key companies’ profiling, market share analysis, market footprint analysis, competitive business strategies, channels, and competition matrix for key players

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Composites Market, By Product

7.1. Composites Market, by Product Type, 2020-2027
7.1.1. Glass Fiber
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Carbon Fiber
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Others
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Composites Market, By Resin

8.1. Composites Market, by Resin, 2020-2027
8.1.1. Thermoplastic
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Thermosetting
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Composites Market, By Manufacturing Process

9.1. Composites Market, by Manufacturing Process , 2020-2027
9.1.1. Injection Molding Process
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Resin Transfer Molding Process
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Pultrusion Process
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Layup Process
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Filament Winding Process
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.6. Compression Molding Process
9.1.6.1. Market Revenue and Forecast (2016-2027)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Composites Market, By End use

10.1. Composites Market, by End use, 2020-2027
10.1.1. Electrical & Electronics
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Automotive & Transportation
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Wind Energy
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Aerospace & Defense
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Pipes & Tanks
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Construction & Infrastructure
10.1.6.1. Market Revenue and Forecast (2016-2027)
10.1.7. Marine
10.1.7.1. Market Revenue and Forecast (2016-2027)
10.1.8. Others
10.1.8.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Composites Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.2. Market Revenue and Forecast, by Resin (2016-2027)
11.1.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.1.4. Market Revenue and Forecast, by End use (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Resin (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End use (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.2. Market Revenue and Forecast, by Resin (2016-2027)
11.2.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.2.4. Market Revenue and Forecast, by End use (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Resin (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End use (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Resin (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End use (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Resin (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End use (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.2. Market Revenue and Forecast, by Resin (2016-2027)
11.3.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.3.4. Market Revenue and Forecast, by End use (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Resin (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End use (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Resin (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End use (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Resin (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End use (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.2. Market Revenue and Forecast, by Resin (2016-2027)
11.4.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.4.4. Market Revenue and Forecast, by End use (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Resin (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End use (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Resin (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End use (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Resin (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End use (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Resin (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End use (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Resin (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Manufacturing Process (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End use (2016-2027)

Chapter 12. Company Profiles

12.1. Huntsman Corporation LLC
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. SGL Group
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Teijin Ltd
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. PPG Industries, Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Toray Industries, Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Owens Corning
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Hexcel Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. DuPont
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Momentive Performance Materials, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Jushi Group Co., Ltd.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Compagnie de Saint-Gobain S.A
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Weyerhaeuser Company
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Cytec Industries
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

Buy this Premium Research Report@ https://www.precedenceresearch.com/checkout/1018

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

Web: https://www.precedenceresearch.com

Blog: https://precedenceresearchnews.wordpress.com

Follow us on LinkedIn | Twitter | Facebook