global composites market likely to be worth US$102 bn by 2025
The
market’s competitive landscape comprises of numerous large-scale
players who hold substantial shares in the overall market. Yet,
small-scale vendors are seen entering the global composites market in
the coming years. The market is expected to foster healthy
competition among vendors in the global composites market in the
coming years.
Players
operating in the global composites market are expected to engage in
forward and backward integration activities. They are seen focusing
on in-house production and catering of raw materials. Manufacturers
are further seen investing in developing their unique manufacturing
techniques. This is expected to give them a competitive advantage
over others.
Prominent
vendors in the global composites market are KINECO, HITCO Carbon
Composites, Inc., APPLIED POLERAMIC INC., Owens Corning, Toray
Industries, and Teijin Limited.
According
to TMR predictions, the global composites market was estimated to be
worth US$47.3 bn in 2016 and is likely to be worth US$102 bn by 2025.
Over the forecast period of 2017 to 2025, the market is expected to
rise at a 8.9% CAGR.
Applications
in Diverse Industries to Propel Growth
Composites
are utilized everywhere throughout the world to develop and fix a
wide scope of foundation applications, from structures and scaffolds
to streets and railroads. These applications last longer since they
are high-quality, won't rust or consume, and give long haul
opposition little upkeep required.
In
the course of recent years there has been a noteworthy improvements
and advancements in the composites industry across different
enterprises, for example, aviation, car, power, construction and
others. Composite assume a key role in airplane industry and the
ongoing move of avionic industry towards automated tape laying (ATL)
and automated fiber placement (AFP) is expected to drive the market
amid the gauge time frame.
Utilization
of Natural Fibers to Emerge as Key Market Trend
Organizations
are constantly putting resources into enhancing and growing high
quality regular filaments to enhance both mechanical and synthetic
prerequisites. Also, the ongoing pattern on creating green materials
would offer force to advancement of high quality regular fiber to
build reception in the global composites market.
Composites
likewise give more prominent adaptability on the grounds that the
material can be custom fitted to meet the plan prerequisites and in
light of the fact that they offer critical weight preferences. With a
high inclination for lightweight parts in vehicles, composites are
being taken advantage of progressively by assembling organizations,
in this manner filling in as a prime development driver for the
market. This trademark is very liked to effectively control fuel
discharges and enhance motor execution and upkeep.
The
study presented here is based on a report by Transparency Market
Research (TMR), titled, “Composites
Market (Product - Polymer Matrix Composite (Carbon Fiber Reinforced
Plastic, Glass Fiber Reinforced Plastic, and Aramid Fiber
Composites), Metal Matrix Composites, and Ceramic Matrix Composites;
Technology – Pultrusion Process, Layup process, Filament Winding,
Compression Molding, Injection Molding, Resin Transfer Molding,
Automated Fiber Placement, and Automated Tape Laying; Application –
Automotive & Transportation (Interior, Exterior, Power Train
Components, Brake Pads, Chassis), Construction, Aerospace &
Defense, Electrical & Electronics, Marine & Oil & Gas
(Pipes and Top Side Application), Wind Energy, and Consumer Goods) -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2017 – 2025”
The
report segments the global composites market into:
-
Composites Market – By Product Type
-
Polymer Matrix Composites
-
Carbon Fiber Reinforced Plastic
-
Glass Fiber Reinforced Plastic
-
Others (Aramid fiber composites, etc.)
-
-
Metal Matrix Composites
-
Ceramic Matrix Composites
-
-
Composites Market – By Technology
-
Pultrusion Process
-
Layup Process
-
Filament Winding
-
Compression Molding
-
Injection Molding
-
Resin Transfer Molding
-
Others (Automated fiber placement, automated tape laying, etc.)
-
-
Composites Market – By Application
-
Automotive & Transportation
-
Interior
-
Exterior
-
Power Train Components
-
Others (Chassis, brake pads, etc.)
-
-
Construction
-
Aerospace & Defense
-
Electrical & Electronics
-
Marine & Oil & Gas
-
Pipes
-
Others (Top side applications, etc.)
-
-
Wind Energy
-
Others (consumer goods, etc.)
-
-
Composites Market – Regional Analysis
-
North America
-
U.S.
-
Canada
-
-
Europe
-
France
-
U.K.
-
Germany
-
Italy
-
Spain
-
Rest of Europe
-
-
Asia Pacific
-
China
-
Japan
-
ASEAN
-
India
-
Rest of Asia Pacific
-
-
Latin America
-
Brazil
-
Mexico
-
Rest of Latin America
-
-
Middle East and Africa
-
GCC
-
South Africa
-
Rest of Middle East and Africa
-
About
Us
Transparency
Market Research is a next-generation market intelligence provider,
offering fact-based solutions to industry leaders, consultants, and
strategy professionals.
Our
reports are single-point solutions for industryes to grow, evolve,
and mature. Our real-time data collection methods along with ability
to track more than one million high growth niche products are aligned
with your aims. The detailed and proprietary statistical models used
by our analysts offer insights for making right decision in the
shortest span of time. For organizations that require specific but
comprehensive information we offer customized solutions through adhoc
reports. These requests are delivered with the perfect combination of
right sense of fact-oriented problem solving methodologies and
leveraging existing data repositories.
TMR
believes that unison of solutions for clients-specific problems with
right methodology of research is the key to help enterprises reach
right decision.
Contact
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
Comments
Post a Comment