Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Composite Materials Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Composite Materials Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Composite
Materials Market is offered.
Market
Insights:
In accordance with the report, the Composite Materials
Market is projected to expand at a CAGR of X.X% over the period
of forecast. The global Composite
Materials Market was valued at USD XX.X Mn in 2019 and is expected to reach USD
XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period. Across the globe, different factors such as rising electrical and
electronics amount extensions and consistent growth in the automotive and
aerospace sectors are expected to boost market growth during the forecast
period. The growing demand for electric vehicles in nations such as China and
the United States is also a major driver of composite material demand. The
growing demand for lightweight materials in numerous industries, such as
automotive and transportation, wind energy, and aerospace and military, is
driving the market. Another important driver driving the market, according to
the research, is the growing use of 3D printing with composites.
Research
Methodology:
To compile
the detailed study of the global Composite
Materials market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Composite Materials Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Composite Materials Market. Manufacturers are forced to
choose conservative designs due to a lack of standardisation of materials and
processes, which impedes mass manufacturing and economic performance of
automobiles and aircraft. Furthermore, a scarcity of people resources with
composites training and experience limits the scope of composites' uses. The
market is competitive, with a few important firms controlling the lion's share
of the industry. New entrants find it challenging to compete profitably in the
market due to their R&D skills. However, the development of goods for
specialised applications to improve composites output is projected to boost the
market's potential. Due to increased demand from China, Japan, India, and other
countries, APAC is the largest composite consumer. Construction, automotive and
transportation, aerospace and defence, and wind energy are among the major
end-use industries for composites in the APAC market. Some of the primary
reasons driving the composites market in APAC are technological advancements,
regulatory policies, and government requirements.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Composite Materials market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Composite Materials Market report has been segmented By Fiber Type, By Resin Type,
By Manufacturing Process, By End-User Industry also includes the market size
and forecast for all these segments. Compounded annual growth rates for all
segments have also been provided for 2019 to 2031. This report is a compilation
of first-hand information, qualitative and quantitative assessment by industry
analysts, inputs from industry experts and industry participants across the
value chain.
Key Segments:
Composite Materials Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Composite
Materials Market, By Fiber Type, 2022-2031 (USD Million)
·
Glass Fiber
Composites
·
Carbon Fiber
Composites
·
Natural Fiber
Composites
·
Other
Composite
Materials Market, By Resin Type, 2022-2031 (USD Million)
·
Thermoset
Composites
·
Thermoplastic Composites
Composite
Materials Market, By Manufacturing Process, 2022-2031 (USD Million)
·
Layup Process
·
Filament
Winding Process
·
Injection
Molding Process
·
Pultrusion
Process
·
Compression
Molding Process
·
Resin
Transfer Molding Process
·
Others
Composite
Materials Market, By End-User Industry, 2022-2031 (USD Million)
·
Aerospace
& Defense
·
Wind Energy
·
Automotive
& Transportation
·
Construction
& Infrastructure
·
Marine
·
Pipes &
Tanks
·
Electrical
& Electronics
·
Others
Report
Highlights:
The prime objective of the Composite
Materials market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Composite
Materials Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Composite
Materials market:
·
3M
·
Cabot
Corporation
·
Composites
Universal Group
·
Dit B.V.
·
Dupont
·
Mitsubishi
Chemical Corporation
·
Owens Corning
·
Teijin
Limited
·
Toray Industries
Incorporation and SGL Group
·
Others
Composite
Materials Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.