Market Research Report
Growth Opportunities in the Global Composites Industry
|Published by||Lucintel||Product code||296206|
|Published||Content info||383 Pages
Delivery time: 1-2 business days
|Growth Opportunities in the Global Composites Industry|
|Published: May 1, 2018||Content info: 383 Pages||
The future of the global composites market looks attractive with opportunities in the transportation, construction, wind energy, pipe & tank, marine, consumer goods, electrical and electronics, aerospace, and others. The global composite materials market is expected to reach an estimated $38.0 billion by 2023 and it is forecast to grow at a CAGR of 4.1% from 2018 to 2023. The global composites end product market is expected to reach an estimated $107.4 billion by 2023. The major drivers for growth in this market are increasing demand for lightweight materials in the aerospace & defense and automotive industry; corrosion and chemical resistance materials demand in construction and pipe & tank industry; electrical resistivity and high flame retardant materials demand in electrical and electronics industry.
Emerging trends, which have a direct impact on the dynamics of the composites industry, include development of low-cost carbon fibers, high performance glass fiber, and rapid cure resin system.
A total of 241 figures / charts and 39 tables are provided in this 383-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this composites report, download the report brochure.
Composites Shipment by FiberComposites by Resin TypeGrowth Opportunities and Different Application Market
Global Composites Industry by End Use Industry ($ Million and Million Pounds)
Transportation Marine Wind Energy Aerospace Pipe & Tank Construction Electrical and Electronics Consumer Goods Others
Global Composites Industry by Manufacturing Process ($ Million and Million Pounds)
Hand Lay-up Spray-up Resin Infusion (RRIM, RTM, VARTM) Filament Winding Pultrusion Injection Molding Compression Molding Prepreg Lay-up Other
Global Composites Industry by Molding Compound ($ Million and Million Pounds)
SMC BMC Thermoplastic Compounds ( SFT, LFT, GMT, CFT and Other)
Global Composites Industry by Resin Type ($ Million and Million Pounds)
Polyester Epoxy Vinyl ester Phenolic Thermoplastics
Global Composites Industry by Fiber Type ($ Million and Million Pounds)
Glass fiber Carbon fiber Aramid fiber
Global Composites Industry by Fiber Glass Type ($ Million and Million Pounds)
Single End Roving Multi End Roving Chopped Strands Woven Roving Fabrics Chopped Strand Mat Continuous Filament Mat Others
Global Composites Industry by Carbon Fiber Type ($ Million and Million Pounds)
PAN Based Carbon Fiber PITCH Based Carbon Fiber
Global Composites Industry by Region ($ Million and Million Pounds)
North America Europe Asia Pacific ROW
Global Composites Industry by Country (Million Pounds)
USA Canada Mexico Germany UK France Italy Spain Netherland China India Japan South Korea Brazil Russia
On the basis of its comprehensive research, Lucintel forecasts that the aerospace and wind energy segments are expected to show average growth during the forecast period from 2018 to 2023.
Within the global composites market, injection molding, hand layup, compression molding, spray up, filament winding, resin infusion, and prepreg layup are some of the major processes utilized to manufacture composite parts. Injection molding is expected to be the largest process in terms of value and volume in composite manufacturing because of high-output production rate, low labor cost, and design flexibility.
Asia Pacific is expected to remain the largest region by value and volume; this region is also expected to experience the highest growth over the forecast period because of growth in construction, transportation, and the electrical and electronics segments. The major drivers for growth are increasing automotive production, high growth in construction, and infrastructure development.
Table of Content
Figure 7.31: Composite Distribution in the Global Construction Industry in 2017
Figure 9.22: Average Annual Growth Rates in Various Market Segments of the Asia Pacific Composites Industry (2012-2017)
Figure 9.53: Average Annual Growth Forecast in Various Market Segments of the Asia Pacific Composites Industry (2018-2023)