#CompositesMarket
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Epoxy Resin in Marine Composites Market 2023 Business Scenario
Stratview Research delivers key insights on the global Epoxy Resin in Marine Composites Market.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.
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Market Insights
The Epoxy Resin in Marine Composites Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.
Profiling Key Companies –
Aditya Birla Chemicals Ltd.
Hexion Inc.
Huntsman Corporation
Olin Corporation
Sicomin Epoxy Systems
Wessex Resin and Adhesives Ltd.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Epoxy Resin Market in Marine Composites value and growth drivers over the trend period of 2018-23. According to the report -
The global epoxy resin market in marine composites is likely to grow at a healthy CAGR of 4.4% over the next five years. Superior mechanical properties, excellent adhesiveness, improved fatigue resistance, reduced water ingression, weight reduction, and excellent chemical resistance are some of the key drivers of epoxy resins in marine composites. In addition to that, usage of epoxy resins in marine composites also reduces VOC emissions, which, in turn, would help composite part manufacturers to meet the stringent and US and EU standards.
Segment Analysis:
Based on Core Platform Type:
Based on the platform type, the global epoxy resin market in marine composites is segmented as boats, yachts, and others. The boat is expected to remain the most dominant market during the forecast period, driven by higher production of boats globally and increasing usage of epoxy composites in high-speed racing boats in order to optimize strength-to-weight ratio of major components, such as hulls.
Based on Region:
Based on regions, Europe dominates the global epoxy resin market in marine composites, owing to the presence of a large number of prepreggers, part fabricators, and boat and yacht manufacturers. Selden Masts, Sunseeker International Ltd., Future Fibers, Marstrom Composites AB, Gurit Holding AG, and Hexcel Corporation are some of the major consumers of epoxy composites for the marine industry in the European region.
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Covid Impact
This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
Appropriate market trend and forecast analysis.
All-inclusive report
Decent price-performance ratio
Reliable data
Attractive market segments and associated growth opportunities.
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The global Composites Market Size was valued at $79.87Billion in 2017. Composites Market Analysis forecast to grow at a modestxx.3 % CAGR between 2018-2025.
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Composites Market Size | Global Industry Analysis and Opportunity Assessment 2021-2027
In its latest report on Composites Market provides a concise analysis of the recent market trends. The report further includes statistics, market forecasts and revenue estimations, which in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
Scope of Composites Reports –
A composite is a mixture of two or more constituent material with different chemical and physical properties when combined to produce another material of different characteristics. It is light weight material used in various industries for various applications due to its characteristics. So, during the study of Global Compositesmarket, we have considered Composites product type and applications to analyze the market.
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Global Composites Market report is segmented on the basis of product type, application type, technology type and by regional & country level. Based upon Product type, global Composites Market is classified asPolymer Matrix Composite, Metal Matrix Compositesand Ceramic Matrix Composites.Based upon Application type, global Composites Market is classified as Automotive & Transportation, Construction, Aerospace & Defense, Electrical & Electronics, Marine & Oil & Gas, wind energy, and others. Based upon Technology, global CompositesMarket is classified as Pultrusion Process, Layup process, Filament Winding, Compression Molding, Injection Molding, Resin Transfer Molding, Automated Fiber Placement, and Automated Tape Laying.
The regions covered in this Composites Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of composites is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players
Global Composites market report covers prominent players like Hexcel Corporation, Plasan Carbon Composites, Inc., Teijin Limited, TenCate Advanced Composites BV, Nippon Graphite Fiber Corporation, Mitsubishi Chemical Holding Corporation,SGL Carbon SE, Toray Industries Inc., Solvay SA, DowAksa Advanced Composites Holdings BVand others.
Market Dynamics –
The commercialization and growth of global Composites market over the past 25 years has been highly impactful. Due to the increased demand of lightweight materials in automotive and aerospace industry and increasing demand of wind energy are expected to support the growth of composites market. These materials are not only light weight it also a high strength material used in wind mill applications. The demand for carbon fiber is also increasing due to the various properties such as temperature resistance, high tensile strength, high tensile strength and others. However, high cost of carbon fiber may restrict the growth of composites market. Reductions in the prices of carbon fiber are expected to create opportunity in the near future and support the growth of composites
Regional Analysis –
North America dominates the market with highest market share closely followed by Europe due to increase in the automotive and aerospace industry and most of the market players belongs to these will further support the growth of these regions. In 2017, U.S. light vehicle sales reached 17.1 million units, the third straight year in which sales reached or surpassed USD 17 million.Overall, the United States is the world’s second-largest market for vehicle sales and production. Asia Pacific is expected to grow significantly due to the presence of developing economies and technological advancements in the various applications are expected to support the growth of composites market over the forecast period. Furthermore, various adaptations due to the technological advancements in these industries will also lead the way of composites market over the forecast period.
Key Benefits
GlobalComposites market report covers in depth historical and forecast analysis.
Global Composites Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Sales (Kilo Tons), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Composites Market report helps to identify opportunities in market place.
Global Composites Market report covers extensive analysis of emerging trends and competitive landscape.
Market Segmentation –
By Product type analysis
Polymer Matrix Composite
Metal Matrix Composites
Ceramic Matrix Composites
By Application type Analysis
Automotive & Transportation
Construction
Aerospace & Defense
Electrical & Electronics
Marine & Oil & Gas
wind energy
Others
By Technology Analysis
Pultrusion Process
Layup process
Filament Winding
Compression Molding
Injection Molding
Resin Transfer Molding
Automated Fiber Placement
Automated Tape Laying
By Regional & Country Analysis
U.S
Canada
U.K
France
Germany
Italy
China
Japan
India
Southeast Asia
Brazil
Mexico
GCC
Africa
Rest of Middle East and Africa
Continued........
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GF and GFRP Composites Market In-deep Analysis And Experts Review Report 2020-2025
The Global GF and GFRP Composites Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
Top Companies in the Global GF and GFRP Composites Market: BASF, Lanxess, DSM, SABIC, PolyOne, DuPont, Solvay, Hexion, Celanese, RTP, SI Group, Sumitomo Bakelite, Evonik, Daicel, Kolon, Denka, Kingfa Science and Technology, Genius, Shanghai PRET Composites AndOther
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This report segments the GF and GFRP CompositesMarket on the basis of by Type are:
General-purpose Glass Fibers
Special-Purpose Glass Fibers
Others
On the basis of By Application, the GF and GFRP CompositesMarket is segmented into:
Building & Construction
Electronics
Others
Regional Analysis for GF and GFRP Composites Market:
For a comprehensive understanding of market dynamics, the GF and GFRP Composites Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Points Covered in The Report:
The points that are talked over within the report are the major GF and GFRP Composites Market players that influence the market such as raw material suppliers, manufacturers, equipment suppliers, end users, traders, distributors etc.
The all-inclusive profile of the companies is specified. The production, price, capacity, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, future strategies, supply, and the technological developments that they are creating are also incorporated within the report. Besides the historical data from 2014 to 2019 and forecast data from 2019 to 2025.
The growth factors of the GF and GFRP Composites Market are deeply discussed while the different end users of the market are underlined.
Data and information by manufacturer, by region, by type, by application and etc., and custom research can be added in line with the specific requirements.
TheGF and GFRP Composites Market report also considers the SWOT analysis of the market. Finally, the report concludes with the opinions of the industry experts.
What are the market factors that are explained in the report
Further in the GF and GFRP Composites Market research reports, following points are included along with in-depth study of each point:-
Production Analysis – Production of the GF and GFRP Composites Market is analyzed with respect to different regions, types and applications. Here, price analysis of various GF and GFRP Composites Market key players are also covered.
Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the GF and GFRP Composites Market. Another major aspect, price, which plays important part in the revenue generation, is also assessed in this section for the various regions.
Supply and Consumption – In continuation with sales, this section studies supply and consumption for theGF and GFRP CompositesMarket. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.
Competitors – In this section, various GF and GFRP Composites Market leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.
Other analyses – Apart from the aforementioned information, trade and distribution analysis for the GF and GFRP CompositesMarket, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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#GF and GFRP Composites Market in United States GF and GFRP Composites Market insights#GF and GFRP Composites#GF and GFRP Composites Industry
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Aramid Fiber Composites Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2026
Aramid Fiber Composites Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2026
A fresh specialized intelligence report published by KandJ Market Research with the title “Global Aramid Fiber Composites Market Research Report By Types, Applications and Regions, Countries and Forecast to 2026” has the ability to help the decision-makers in the most important market in the world that has played a significantly important role in making a progressive impact on the global economy.
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Composites Market Pegged for Robust Expansion by 2028
The report on the Composites Market published by Stratview Research covers in depth details associated with the Composites Market.
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The Composites Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Composites Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.
Key Players
The following are the key players in the Composites Market:
Hexcel Corporation
Hexion Inc.
Huntsman Corporation
Koninklijke Ten Cate BV
Mitsubishi Chemical Corporation
Owens Corning
SGL Group
Solvay S.A.
Teijin Limited
Toray Industries Inc.
Others.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Composites Market value and growth drivers over the trend period of 2022-27. According to the report -
Composites market is likely to witness an impressive CAGR of 6.8% during the forecast period. The prime factor underpinning the demand for composites is the increasing penetration of lightweight materials in various end-use industries such as aerospace & defense, automotive, and wind energy, which is driving the growth of the market.
Segment Analysis:
Based on Resin Type:
Based on the resin type, the market is segmented as thermoset composites and thermoplastic composites. Thermoset composites dominated the market in 2021, and are expected to remain dominant during the forecast period. Thermoset resins are lower in cost, offer higher performance, and are more durable. Thermoset composites are more preferred in aerospace & defense, marine, wind energy, and others.
Based on Region:
In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period driven by the expanding transportation industry, increasing number of wind turbine installations, and significant growth in construction & infrastructure of the growing economies such as China and India.
Critical Questions Answered in the Report
What are the key trends in the Composites Market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
What is the impact of COVID-19 on Composites Market?
What are the key strategies adopted by the major vendors to lead in the Composites Market?
What is the market share of the top vendors?
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Increased Demand for Ceramic Matrix Composites in Developing Countries, will Drive Market Growth
The ceramic matrix composites market size is estimated to be USD 8.8 billion in 2021 and is expected to reach USD 25.0 billion by 2031, at a CAGR of 11.0% between 2021 and 2031. The increasing demand for ceramic matrix composites in developing countries, especially in APAC (such as China, India, Singapore, and Thailand), will drive market growth. The developing countries are adopting fuel-efficient aircraft engines, which are ceramic matrix composite based. Apart from this, the ceramic matrix is used in other aircraft engine parts like nozzles, combustor liners, blades, and shrouds. The increased fuel efficiency leads to a reduction in the operational cost of the aircraft. The high economic growth in these countries, along with high urbanization, industrialization, and increased standards of living, also plays a very crucial role in the adoption of fuel-efficient cost-cutting machinery.
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Apart from the aerospace sector, ceramic matrix composites are also being used in the oil & gas, chemical processing, and power generation industries. The development and usage of oxide ceramic matrix composites as a substitute to the more expensive silicon carbide composites lead to reduced costs as well. The Next -Generation Nuclear Power (NGNP) plants prefer ceramic matrix composites due to their properties such as low thermal expansion, resistance to degradation from irradiation, and excellent retention of mechanical properties at elevated temperatures. Many defense applications such as sensor protection, multi-spectral windows, and infrared domes are driving the growth of the market as well. The expected growth of the commercial aircraft gas turbine engine market can also increase the need for ceramic matrix composites in developing countries.
The major ceramic matrix composites manufacturers are General Electric Company (US), Rolls-Royce (UK), Axiom Materials, Inc. (US), SGL Carbon (Germany), United Technologies (US), CoorsTek Inc. (US), COI Ceramics Inc. (US), Lancer Systems (US), Applied Thin Films Inc. (US), Ultramet (US), and Fiber Materials Inc. (US). The important strategies include investment & expansion, partnership, new product launch, and acquisition between 2016-2021.
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General Electric Companyis a well-established company in the global ceramic matrix compositesmarket. It is constantly engaged in providing high-grade ceramic matrix composites. As a part of its growth strategy, it is highly focused on investment & expansion. For instance, in 2018,the companyinvested USD 105 million to construct two ceramic matric composites manufacturing plants in North Carolina, one in Asheville and one in West Jefferson.
Rolls-Royce is a major manufacturer and producer of ceramic matrix composites. The company ismainly focused on new partnershipsand expansion as its major growth strategies. In 2016, the company investedUSD 30 millionfor expanding its production of ceramic matrix composites materials and processes in South California. It helps the company in developing lighter and stronger fibers for aircraft. In November 2020, Rolls-Royce started the manufacturing of world's largest fan blades, made with composites. These blades are for its UltraFan demonstrator engine.Through these strategies, Rolls-Royce would be able to increase its market share and maintain a huge customer base in the ceramic matrix composites market.
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Market Overview The automotive carbon fiber composites market 2020 can post a growth rate of 10.6% between 2017 and 2023 (evaluation period), confirms Market
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Polycarbonate Composites Market Segmentation, Industry trends and Development to 2028 | Chi Mei Corporation, Sabic Innovative Plastics, Mitsubishi Chemical Corporation.
QMI added to its vast collection of research reports most up-to-date research on global polycarbonate composites market to see worldwide growth by top companies- Chi Mei Corporation, Sabic Innovative Plastics, Mitsubishi Chemical Corporation, LG Chem, Covestro, Asahi Kasei Advance Co. Ltd., Teijin, Samyang Corporation, The Bond Laminates GmbH, Formosa Chemicals & Fibre Corporation, and Trinseo
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In this study, the Quince Market insights provide a global polycarbonate composites market forecast. The global polycarbonate composites market is expected to reach USD 5.13 billion by 2028, growing at a CAGR of 8.0% during the forecast period.The study tells the market scenario of polycarbonate composites market in various segments based on geographical distribution along with analysis of the market for the current market situation and its potential to grow globally during the forecast period.
Report Description of this report analyzes the global polycarbonate composites market for the period 2016–2028. This report's primary objective (polycarbonate composites market) is to provide insights and key market developments relevant to the polycarbonate composites Tubes Industry that are slowly helping transform global businesses.
The global report on polycarbonate composites market begins with the executive summary for different categories and their share in the polycarbonate composites market. It is followed by the global polycarbonate composites market's market dynamics and overview, which includes analysis of market drivers, constraints, and trends that affect the polycarbonate composites market's growth. In addition, to understand the popularity of the polycarbonate composites market segment, the attractiveness index and BPS analysis will be provided with detailed insights into the same, showing the attractiveness of the market based on factors such as CAGR and incremental opportunities.
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The next segment of the report highlights segmentation by region of the polycarbonate composites market and gives the market forecast for 2016–2028. The report examines regional development as well as analyzes the factors affecting the regional polycarbonate composites market. North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World are the major regions evaluated in this study.
To assess the size of the market in terms of value and size, consideration is given to the revenues generated by the main manufacturers and their respective production capacity. The forecast presented here estimates the value-generated total revenue across the polycarbonate composites market. To provide a precise forecast, we have initiated by sizing up the current market, which forms the basis on how the future development of the polycarbonate composites market is predicted.
Market Segmentation:
By Reinforcement:
Glass Fiber Filled
Carbon Fiber Filled
Others
By End User:
Consumer Electronics
Medical Instruments
Automotive Plastics
Electrical Engineering
Packaging Plastics
Building & Construction
Others
By Region:
North America
By Country (US, Canada, Mexico)
By Reinforcement
By End User
Western Europe
By Country (Germany, UK, France, Spain, Rest of Western Europe)
By Reinforcement
By End User
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Reinforcement
By End User
Asia Pacific
By Country (China, Japan, India, Rest of Asia Pacific)
By Reinforcement
By End User
Middle East
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Reinforcement
By End User
Rest of the World
By Region (South America, Africa)
By Reinforcement
By End User
Reasons To Buy This Report:
· Market size estimation of the global polycarbonate composites market on a regional and global basis.
· Unique research design for market size estimation and forecast.
· Profiling of major companies operating in the polycarbonate compositesmarket with key developments.
· Broad scope to cover all the possible segments helping every stakeholder in the polycarbonate compositesmarket.
Customization:
We provide customization of the study to meet specific requirements:
· By Segment
· By Sub-segment
· By Region/Country
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#Polycarbonate Composites Market#Polycarbonate Composites Market Size#Polycarbonate Composites Market Share#Polycarbonate Composites Market Growth#Polycarbonate Composites Market Trends#Polycarbonate Composites Market Outlook#Polycarbonate Composites Market Demand
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Global Aerospace Metal Matrix Composites Market 2019 Global Leading Players, Industry Updates
Aerospace Metal Matrix Composites Market report delivers rational insights alongside historical and forecast data to benefit in better understanding of the Global Aerospace Metal Matrix Composites Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Aerospace Metal Matrix Composites Market.
Aerospace Metal Matrix CompositesMarket competition by top manufacturers/ Key player Profiled:
Materion
AMETEK
3M
Ultramet (Powdermet)
Alvant Ltd
Triton Systems
DWA Aluminium Composites
Gamma Alloys
CPS Technologies
3A Composites
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The global Aerospace Metal Matrix Composites market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Aerospace Metal Matrix Composites volume and value at global level, regional level and company level. From a global perspective, this report represents overall Aerospace Metal Matrix Composites market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Aerospace Metal Matrix Composites in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Aerospace Metal Matrix Composites manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
Aerospace Metal Matrix Composites Market Segment by Type covers:
Aluminum
Titanium
Others
Aerospace Metal Matrix Composites Market Segment by Applications can be divided into:
Civil Aircraft
Military Aircraft
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Regional analysis covers:
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key questions answered in the report:
What will the marketgrowth rateof Aerospace Metal Matrix Composites market?
What are thekey factors drivingthe global Aerospace Metal Matrix Composites market?
Who are thekey manufacturersin Aerospace Metal Matrix Composites market space?
What are themarket opportunities, market risk and market overviewof the Aerospace Metal Matrix Compositesmarket?
What are sales, revenue, and price analysis of top manufacturers of Aerospace Metal Matrix Composites market?
Who are the distributors, traders and dealers of Aerospace Metal Matrix Composites market?
What are the Aerospace Metal Matrix Composites market opportunities and threats faced by the vendors in the global Aerospace Metal Matrix Compositesindustries?
What are sales, revenue, and price analysis by types and applicationsof Aerospace Metal Matrix Compositesmarket?
What aresales, revenue, and price analysis by regionsof Aerospace Metal Matrix Composites industries?
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Key Benefits to purchase this report
Major countries in each region are mapped according to individual market revenue.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
The report includes an in-depth analysis of current research and clinical developments within the market.
Key players and their key developments in the recent years are listed
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information,growth rateof Aerospace Metal Matrix Composites market in 2025is also explained.Additionally, type wise and application wise consumptiontables andfiguresof Aerospace Metal Matrix Composites marketare also given.
Table of Contents
Market Overview
1.1 Aerospace Metal Matrix Composites Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Aerospace Metal Matrix Composites Market Analysis by Regions
4 Global Aerospace Metal Matrix Composites Market Competition, by Manufacturer
5 Sales Channel, Distributors, Traders and Dealers
Continued…
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High Performance Composite Market Overview – Key Futuristic Trends and Opportunities 2026
Global high performance composites market is expected to grow from USD 25.39 billion in 2017 to USD 42.18 billion by 2026, at a CAGR of 5.8% during the forecast period according to a study published by Polaris Market Research.
Increasing demand for high performance composites from a wide range of applications is expected to drive the market. Remarkable growth of the commercial aircraft manufacturing sector will boost product demand in the current industry scenario. Moreover, application of these composites in manufacturing of pressure vessels and wind turbines is yet another potential factor expected to drive the market in the next few years. However, the labor intensive requirements along with relatively high production cost are some of the restrains anticipated to effect demand of high performance composites in terms of volume especially in the price sensitive markets. Widespread application of these products in automobiles, which is a primary goal for the carbon fibre industry, is still in a stage where use of these products in motor vehicles is still the minimum.
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The growing aerospace industry is the major factor driving this product demand owing to their versatility, perfect balance of mechanical properties and most importantly its low cost compared to other composite materials. The S-glass category, the least costly of all these is also anticipated to witness a significant growth in demand owing to significant opportunities in wind energy, aerospace and pressure vessels manufacturing industry. Commercial aircraft applications are the largest source of applications for these products. These composites have enabled to satisfy the requirement for meeting power and safety needs. Boron graphite materials were used mainly in defence aircrafts but currently these are used in commercial aircrafts also. Automobiles are the next big source of application of high performance composite materials. It helps in making the vehicles lighter, cleaner, safety and more cost effective. Carbon fibres is the most used composite material owing to its high potential for cutting down of vehicle weight.
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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global High Performance CompositesMarket, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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Competitive Landscape and Key Vendors
The global industry of high performance composite manufacturing is fairly concentrated with less number of companies operating compared to its counterparts in the current industry scenario. North America was the leading regional market in 2017. The U.S. has been the major contributor to the regional demand for these products accounting for a major share of the overall market in terms of production and even consumption especially for the aerospace and defence industry. The construction and automobile industry are also potential end use markets.
Some of the leading industry participants include Arkema SA, Albany International Corporation ,BASF SE, Teijin Ltd., Owens Corning Corporation, Hexcel Corporation, Solvay S.A., TPI Composites, Inc. , Koninklijke Ten Cate BV, SLG Group – the Carbon Company and Toray Industries Inc.
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Covid-19 impact on Composites Market Analysis by Advanced Technology, Trends, Forecasts to 2028
Covid-19 impact on Composites Market research report serves as one of the best medium to help startups in business planning. It brings all the relevant data, which provides insights into consumers’ buying nature, location and thinking pattern. Keeping an eye on which actions are followed by the competitors and their future business plans for the estimation period 2022-2028 is easy by referring this report. Monitoring present and upcoming market trends is possible with this Covid-19 impact on Composites Market report. High-quality and effective market research report has the potent to minimize business risks which can create problems in making marketing related decision.
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Covid-19 impact on Composites Market report guides how, when and where to expand the business by making right investment. Potential competitors are identified here along with allow business players to increase the product portfolio. Customers’ wants and a clear view on future business growth are provided in this Covid-19 impact on Composites Market study report. Right investment in the product development has great importance in the increase of product sales. It also allows attaining the comprehensive understanding of how customers perceive products. It also reveals how their requirements are shaped as well as influenced and how they choose the product launch on the basis of them. Novel product launch ideas provided here work as the perfect guide for the key participants to augment the product sales.
Key Players
Key players mentioned in the report are as follows -
Owens Corning
Toray Industries, Inc.
Teijin Limited
Mitsubishi Chemical Holdings Corporation
Hexcel Corporation
SGL Group
Nippon Electrical Glass Co. Ltd.
Koninklijke Ten Cate BV.
Huntsman International LLC.
Solvay S.A.
Growth drivers and Market Value:
This report, from Stratview Research, studies the COVID-19 Impact on Composites Market value and growth drivers over the trend period of 2022-27. According to the report -
COVID-19 impact on composites market is likely to witness a CAGR of 4.2% during the forecast period. The major factor contributing to the growth of the market for composites is mainly the increasing demand for high-performance materials from numerous industries.
Segment Analysis:
Based on Fiber Type:
Based on the fiber type, the market is segmented as glass fiber, carbon fiber, natural fiber, and others. The glass fiber segment held the largest share of the market in 2021, and is likely to remain dominant during the forecast period. Glass fiber exhibits superior properties such as high strength, flexibility, durability, stability, low weight, and resistance to heat, temperature, and moisture, and is used for various applications in the construction, pipes & tanks, wind energy, marine, and transportation industries. The outbreak of COVID-19 resulted in a decline in the demand for composites due to production halt of glass fiber composites to maintain social distancing among floor workers, engineers, and other staff.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the major countries with healthy growth opportunities. The growth of the market is mainly driven by the expanding transportation, wind energy, and construction & infrastructure industries in the major economies of the region. Advancements in technology, regulatory policies, and government norms are the major drivers of the region’s composites market. The demand for composites in the region is expected to decline owing to continuous lockdown across various countries in 2021.
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Covid-19 impact on Composites Market research report also has the potent to bring overlooked and abandoned consumers back into focus by covering all the important market and customer data. It further assists to raise the business success rates. It spots out consumer requirements and augments the future engagements of the firm with them. Important findings are covered in this Covid-19 impact on Composites Market study report to help newly emerging industry players to establish their business in the cut-throat market. Studying customer behavior is significant as it assists them factors that can change customers’ buying decision making. By having complete understanding of how customers decide on particular product or service launch, central participants are able to spot out the products and fill in the gap which are required and the products that are outdated. This Covid-19 impact on Composites Market report permits novice players to have best understanding regarding target market and create products, which are going to fascinate novel customers, sell and develop brand loyalty. Engaging customers is one of the leading factors to attain precise and actionable insights, which drive the rapid product development. All the customer related factors including their motivations, inclinations and buying nature are all covered here.
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Stratview Research has also launched Composights, an online portal that offers free thought leadership reports, whitepapers, market report synopsis, and much more for Composites and allied industries, worth US$ 20,000 every year.
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