#compositeMaterials

[marketingreportz]

Wind Turbine Composite Materials Market - Forecast(2024 - 2030)

Wind Turbine Composite Materials Market Overview

Request Sample :

The government across the globe is also investing huge amounts in alternative energy sources such as solar and wind which is further supporting the market growth for composite materials. The increasing focus of governments on offshore wind energy installations is driving the market growth between 2021–2026. However, the high cost of carbon fiber and epoxy resin and recyclability issue of composites will likely hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic has impacted the composite materials industry which has further impacted the wind turbine market. Due to the Covid-19, the manufacturing industry is impacted very badly that further impacted the wind turbine composite materials market. The slowdown in wind turbine installations and lack of raw material supplies, and workforce are impacting the market negatively. The covid-19 impacted every operation such as supply chain, production, sales, and others. However, the companies resumed their operation in 2021, which may positively impact the market.

Report Coverage

The report: “Wind Turbine Composite Materials Market — Forecast (2021–2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wind Turbine Composite Materials industry. By Fiber Type: Glass Fiber, Carbon Fiber, Aramid Fiber, and Basalt fiber By Resin Type: Thermoplastic [Polyethylene, Polystyrene, Polyamides, Nylon, Polypropylene, Others], and Thermoset [Epoxy, Polyester, Phenolic Polyamide, and Others] By Technology: Injection Molding, Compression Molding, Pultrusion, Filament Winding, and Layup By Application: Blades, Wind turbine Hub, Rotor, Tower, Nacelle, Cables, Blade Pitch Controller, Propellers, and Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (the Middle East and Africa)

Inquiry Before Buying :

Key Takeaways

The Asia Pacific region is expected to dominate the market and register the highest CAGR of 12.8% during the forecast period (2021–2026). The presence of leading chemical companies along with rapid growth in the personal care industry is propelling regional growth.

Epoxy resin is one of the widely used resins in wind turbine manufacturing. The segment is expected to register a high growth rate during the forecast period.

The growing installation of wind turbines in developing countries such as Brazil, Mexico, India, and China is creating a positive impact on the usage of wind turbine composite materials.

Figure: Asia Wind Turbine Composite Materials Market Revenue, 2020–2026 (US$ Billion)

For More Details on This Report — Request for Sample

Wind Turbine Composite Materials Market Segment Analysis: By Fiber Type

The glass fiber reinforced plastics segment accounted for the largest share of more than 55% in the wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Glass fiber offers various properties including high strength, high durability, weather-resistant, and lightweight have boosted its demand in numerous end-use industries. The easy availability and cost-effectiveness of glass fiber reinforced plastics are the key factors propelling the demand for glass fiber composites in wind turbine manufacturing. The carbon fiber segment will register a significant growth rate during the forecast period. Carbon fibers offer various properties such as low thermal expansion, high stiffness, high-temperature tolerance, and high chemical resistance among others.

Schedule A Call:

Wind Turbine Composite Materials Market Segment Analysis: By Resin Type

The thermoset segment accounted for the largest share of more than 70% in the Wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Thermoset composite is usually based on carbon, glass, and aramid fibers. Epoxy resin is the widely used thermoset type in wind turbine composite materials. Approximately 50% of European wind blades are manufactured from epoxy resin. These resins offer lightweight, and good adhesion compared to other resin types. Generally, they are combined with glass fibers and carbon fibers to manufacture wind blades. The thermoplastic segment is expected to register a significant growth rate during the forecast period. Thermoplastics are less expensive compared to thermoset resin types. They are easily weld-able, non-toxic in nature, and recyclable. These are some of the driving factors supporting the market growth between 2021–2026.

Wind Turbine Composite Materials Market Segment Analysis: By Technology

The Layup segment accounted for the largest share of more than 33% in the wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Layup is the most common method used for the production of composites. The method is involved in placing layers of composite fiber in a structured order by using a matrix of resin and hardener. This method is widely used for the production of wind blades.

Wind Turbine Composite Materials Market Segment Analysis: By Application

The blades segment accounted for the largest market share of more than 55% of the market in 2020 and is estimated to grow significantly during the forecast period. Turbine blades serve as the most important composite-based part of wind turbines. The growing demand for wind energy is driving manufacturers to develop large wind blades for the high production of wind energy. For the development of large blades, a huge quantity of composite materials is used. Glass fibers and carbon fibers are used for the manufacturing of wind blades.

Wind Turbine Composite Materials Market Segment Analysis — By Geography

The Asia Pacific region held the largest share of more than 45% in the Wind Turbine Composite Materials market in 2020, owing to the rapid growth in the installation of wind turbines. The presence of developing nations such as China and India is driving the market growth. The presence of leading wind turbine manufacturers including Suzlon Energy Limited, and AVIC Huiteng Windpower Equipment Co., Ltd are supporting the region’s growth during the forecast period. The increasing investments by key developers for manufacturing efficient wind turbines are also boosting the market growth during the forecast period. According to the data published by Global Wind Energy Council (GWEC), China installed about 52 gigawatts of new wind power capacity in 2020.

Buy Now :

Wind Turbine Composite Materials Market Drivers

Rising Demand for Renewable Energy Sources

Wind energy is one of the fastest-growing renewable energies globally. Wind power is a clean energy source, and its usage is on the rise worldwide. The U.S. wind energy occupies approximately 38% of total renewable energy produced in 2019. According to the IRENA’s data, wind energy generation is increased from 7.5GW in 1997 to 564GW by 2018. Some ongoing and under-construction wind projects in the U.S. include Traverse Wind Energy Center, Aviator Wind Project, Goodnight Wind Energy Project, Alle-Catt Wind Farm, and Vineyard Wind I among others. According to the Ministry of New and Renewable Energy (MNRE), India has the fourth-highest wind installed capacity in the world with a total installed capacity of 39.25 GW (as of 31st March 2021) and has generated around 60.149 billion Units during 2020–2021. According to the European Commission, the total installed wind energy capacity in Europe reached 210GW and is estimated to reach 350GW, supplying up to 24% of electricity demand

Wind Turbine Composite Materials Market Challenges

Recyclability Issue of Composites

Composite materials are preferred for wind applications because of their durability and superior strength. Proper waste disposal and recycling at the end of the useful life of composite materials are necessary. Many current and future waste management and environmental legislation are making strict regulations on engineering materials to be properly recovered and recycled. The complex material compositions and the cross-linked nature of thermoset resins are making it difficult for recyclability. However, the use of polymers that can be recycled when used with carbon and other niche fibers reduces the composite non-recyclable. This has become a major issue as the landfills are filling up at a faster pace along with the need for going green due to global warming. Biological attack on composite materials may consist of fungal growth or marine fouling

Wind Turbine Composite Materials Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Wind Turbine Composite Materials market. Major players include:

TPI Composites, Inc.

MFG Wind

LM Wind Power

Gamesa Corporation Technology

Vestas Wind Systems A/S

Suzlon Energy Limited

Siemens AG

AVIC Huiteng Windpower Equipment Co., Ltd.

AREVA and others.

Acquisitions/Technology Launches

In May 2021, Hexcel launched a range of HexPly® surface finishing prepregs and semi- prepregs for wind turbine blades and automotive and marine applications.

Relevant Reports

Composite Materials Market — Forecast(2021–2026) Report Code: CMR 0010

High-Temperature Composite Materials Market — Forecast(2021–2026) Report Code: CMR 10087

For more Chemicals and Materials Market reports, please click here

[rutujamnm]

Thermoplastic Tapes Market worth $4.4 billion by 2028

The report "Thermoplastic Tapes Market by Fiber Type (Glass, Carbon), Resin Type (PAEK, PA, PPS, PP), Application (Aerospace & Defense, Automotive & Transportation, Oil & Gas, Sporting Goods, Medical & Healthcare), and Region - Global Forecasts to 2028", is estimated at USD 2.7 billion in 2023 and is projected to reach USD 4.4 billion by 2028, at a CAGR of 10.5% from 2023 to 2028. Factors such as the superior properties of thermoplastic tapes like corrosion resistance, lightweight and high strength, durability, and improved performance are positively driving the growth of the thermoplastic tapes Market. Thermoplastic composite materials are 50-70% lighter than steel and 25-30% lighter than aluminum. Increment in consumption of thermoplastic tapes is expected to increase owing to changing consumption patterns i.e. from heavy to lightweight composite, fuel efficiency, and cost-effectiveness. Further, the continuous innovation, new product development, and processing applications to create more promising opportunities in aerospace & defense, automotive & transportation, and other industries will bolster demand for the thermoplastic tapes market.

Download pdf-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=137180592

Glass fiber held the second largest market for thermoplastic tapes.

Glass fiber are used in various applications due to their low cost compared to traditional materials such as steel and aluminum. Glass fiber-based thermoplastic tapes are preferable over carbon fiber as they provide a quick and affordable way to build parts & molds and make repairs. Glass fibers are easy to process and less expensive but have low tensile strength and performance than carbon fiber.  The glass fiber segment of the thermoplastic tapes market is expected to grow significantly in the coming years, driven by the low cost and easy processing of fiberglass that can be used in various applications .

 PA segment holds the second-highest market in 2022.

Polyamide (PA)-based compounds are widely used thermoplastic composites worldwide. Thermoplastic composites containing PA resin matrix offer an ideal combination of properties suitable for automotive, aerospace & defense, energy, industrial, and electronics applications. Polyamide is easy to process, has high resistance to heat and chemical attack, good mechanical strength, and stiffness with good dielectric properties, friction, and wear resistance. It enables automotive OEMs to reduce weight without compromising vehicle performance. Polyamide, when used along with long carbon fibers, provides higher strength in automotive applications. In the automotive & transportation industry, PA is used for door modules, bumper stiffeners, and dashboard crossbeams.

Sample Request-https://www.marketsandmarkets.com/requestsampleNew.asp?id=137180592

Middle East & Africa is expected to grow with a significant CAGR during the forecast period.

The thermoplastic tapes market in the Middle East & Africa includes the UAE, South Africa, and Rest of the Middle East & Africa. The market growth is attributed to the developing aerospace & defense, automotive & transportation industries in the region. Thermoplastic tapes are in demand in the Middle East & Africa due to their lightweight and corrosion-resistant properties. The oil & gas industry, aerospace & defense, automotive & transportation, and sporting goods markets are driving up the demand for these tapes in the region. Key aircraft manufacturers, such as Boeing, Airbus, and Bombardier, are targeting Gulf buyers for the business jet market. The demand for repairing existing pipes, tanks, and infrastructure in the oil & gas industry contributes to market growth. The increasing need for sporting goods is also driving the thermoplastic tapes market in the region.

The major players in the thermoplastic tapes market are Toray Industries, Inc. (Japan), SABIC (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Evonik Industries AG (Germany), Hexcel Corporation (US), Teijin Limited (Japan), Arkema (Netherlands), and Solvay (Belgium), BASF SE (US), and SGL Carbon (Germany), among others.

[bbfloorsindia]

Is WPC Waterproof? Exploring Wood-Plastic Composite Water Resistance

Wood-Plastic Composites (WPC) have become a go-to material for construction and outdoor projects. Offering durability and low maintenance, WPC stands out from traditional wood options. But many ask: Is it really waterproof? Our exploration will cover WPC's water-resistant properties, delving into its composition, advantages, limitations, and how it fares in real-world applications.

[nmsc-market-pulse]

𝘿𝙧𝙞𝙫𝙞𝙣𝙜 𝙄𝙣𝙣𝙤𝙫𝙖𝙩𝙞𝙤𝙣 𝙞𝙣 𝘼𝙚𝙧𝙤𝙨𝙥𝙖𝙘𝙚: 𝙏𝙝𝙚 𝙂𝙧𝙤𝙬𝙞𝙣𝙜 𝘼𝙚𝙧𝙤𝙨𝙥𝙖𝙘𝙚 𝙍𝙞𝙫𝙚𝙩𝙞𝙣𝙜 𝙀𝙦𝙪𝙞𝙥𝙢𝙚𝙣𝙩 𝙈𝙖𝙧𝙠𝙚𝙩

𝑫𝒐𝒘𝒏𝒍𝒐𝒂𝒅 𝑭𝑹𝑬𝑬 𝑺𝒂𝒎𝒑𝒍𝒆: https://www.nextmsc.com/aerospace-riveting-equipment-market/request-sample

As aerospace manufacturing evolves, riveting equipment plays a crucial role in ensuring the structural integrity and safety of aircraft. The 𝑨𝒆𝒓𝒐𝒔𝒑𝒂𝒄𝒆 𝑹𝒊𝒗𝒆𝒕𝒊𝒏𝒈 𝑬𝒒𝒖𝒊𝒑𝒎𝒆𝒏𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 is witnessing significant growth, driven by:

𝘼𝙙𝙫𝙖𝙣𝙘𝙚𝙙 𝙈𝙖𝙩𝙚𝙧𝙞𝙖𝙡𝙨: With the rise of composite materials in aircraft manufacturing, there's a growing need for riveting equipment capable of handling these materials while maintaining strength and reliability.

𝘼𝙪𝙩𝙤𝙢𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙍𝙤𝙗𝙤𝙩𝙞𝙘𝙨: Automated riveting systems are enhancing productivity and precision in aircraft assembly, reducing labor costs, and improving assembly line efficiency.

𝙄𝙣𝙙𝙪𝙨𝙩𝙧𝙮 4.0 𝙄𝙣𝙩𝙚𝙜𝙧𝙖𝙩𝙞𝙤𝙣: IoT-enabled riveting equipment provides real-time monitoring and data analytics, optimizing maintenance schedules and minimizing downtime in aerospace production.

𝙎𝙖𝙛𝙚𝙩𝙮 𝙖𝙣𝙙 𝙌𝙪𝙖𝙡𝙞𝙩𝙮 𝙎𝙩𝙖𝙣𝙙𝙖𝙧𝙙𝙨: Strict regulatory requirements and industry standards drive innovation in riveting equipment design, ensuring compliance with aerospace safety and quality benchmarks.

𝙂𝙡𝙤𝙗𝙖𝙡 𝘼𝙚𝙧𝙤𝙨𝙥𝙖𝙘𝙚 𝙀𝙭𝙥𝙖𝙣𝙨𝙞𝙤𝙣: Increasing air travel demand and the need for fuel-efficient aircraft are driving investments in aerospace manufacturing capabilities, bolstering the demand for advanced riveting technologies.

The aerospace riveting equipment market presents opportunities for collaboration between manufacturers, technology developers, and aerospace companies to innovate and meet the evolving demands of the industry.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.nextmsc.com/report/aerospace-riveting-equipment-market

𝑴𝒂𝒋𝒐𝒓 𝑪𝒐𝒎𝒂𝒑𝒏𝒊𝒆𝒔 operating in the industry include Cherry Aerospace, a SPS Technologies Company, Brown Aviation Tool Supply, Rivetwise, FANUC America Corporation, Orbitform, and others.

Let's continue to push the boundaries of aerospace technology and ensure that every rivet contributes to the reliability and performance of tomorrow's aircraft.

[aviationschool]

Did You Know? The aviation industry is soaring to new heights with advanced composite materials! ✈️ Composite materials, such as carbon fiber and fiberglass, are revolutionizing aircraft construction. These materials are not only lighter than traditional metals but also stronger, making planes more fuel-efficient and enhancing performance. ✨ ✈️ Benefits of Composite Materials in Aviation: 🔹 Lightweight: Reduces aircraft weight, leading to lower fuel consumption and emissions. 🔹 Strength: Provides high strength-to-weight ratio, ensuring safety and durability. 🔹 Flexibility: Allows for complex shapes and designs, improving aerodynamics. 🔹 Corrosion Resistance: Resists corrosion, reducing maintenance costs. From sleek fuselages to sturdy wings, composite materials are shaping the future of flight! 🚀 #AviationInnovation #CompositeMaterials #FutureOfFlight #avelflightschool #chennaiflightschool ✈️

[anshkoyalindustires]

Find more about Ansh Koyal Industries' amazing glass fiber properties! 🌟 Our products redefine innovation in every application, from strength to versatility. 💪🔬

Contact us: 🌐:https://anshkoyalindustries.in 📞:+91-9582791612 📍 : Factory No. 1953, Basement, DSIDC Industrial Area, Delhi, 110040 . . . . .

[gardnerlandscape]

Composite Decking: Elevate Your Outdoor Space with Style and Durability

When it comes to creating a stunning outdoor space, composite decking is a game-changer. At Gardner Landscape Design, we understand the importance of combining aesthetics with functionality, which is why we swear by composite deck boards for our projects.

Composite decking boards offer the perfect blend of beauty and durability. With options like Trex composite decking available in Canada, you can trust that your deck will withstand the harshest weather conditions while maintaining its pristine appearance for years to come.

Whether you're looking to revamp your backyard oasis or create a welcoming outdoor entertainment area, home depot composite decking provides endless design possibilities. The versatility of composite materials allows us to bring your vision to life with custom shapes, colors, and textures that suit your style.

Say goodbye to high-maintenance wooden decks that require constant upkeep. Composite decking requires minimal maintenance, saving you time and money in the long run. Plus, its eco-friendly properties make it a sustainable choice for environmentally conscious homeowners.

Ready to transform your outdoor living space? Contact Gardner Landscape Design today to explore the endless possibilities of composite decking and elevate your home's curb appeal effortlessly.

[marketingreportz]

Thermoset Molding Compound Market - Forecast(2024 - 2030)

Thermoset Molding Compound Market Overview

Thermoset Molding Compound Market size is projected to reach US$11.4 billion by 2027, after growing at a CAGR of 6.8% during the forecast period 2022–2027. Thermosetting molding compounds such as phenolic resins, epoxy resins, polyester resins, urea formaldehyde and melamine formaldehyde possess properties such as good electrical insulation, corrosion and heat resistance, which make them an ideal material for a variety of end-use applications. A thermoset molding compound is widely employed in the electrical & electronics industry. Since the global electrical & electronics industry is growing, it is supporting the thermoset molding compound industry growth. The Japan Electronics and Information Technology Industries Association (JEITA) forecasted that the production by the global electronics and IT industries would grow by 2% year-on-year in 2020 to reach US$2,972.7 billion and would grow by 7% year on year in 2021 to reach a record US$3,175.6 billion. Factors such as the need for lighter weight in aerospace and transportation drive the growth of the thermosetting molding compound market. Several end-use industries in the Thermoset Molding Compound industry suffered negative effects as a result of the novel coronavirus pandemic, which had a direct impact on the Thermoset Molding Compound market size in the year 2020.

Sample Report:

Thermoset Molding Compound Market Report Coverage

The “Thermoset Molding Compound Market Report — Forecast (2022–2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Thermoset Molding Compound industry.

By Type: Phenolic Resins, Epoxy Resins, Polyester Resins, Urea Formaldehyde, Melamine Formaldehyde and Others. By End-use Industry: Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Aerospace (Commercial Aircrafts, Military Aircrafts and Others), Electrical & Electronics (Antennas, Circuit Breakers, Switchgears and Others) and Others. By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

Asia-pacific dominates the Thermoset Molding Compound market, owing to the increase in investment in the electronics sector and transportation infrastructure in Asia-pacific. This increase can be attributed to the increasing per capita income and growing population in Asia-pacific.

The market is expanding as a result of the positive attributes of Thermoset Molding Compounds, such as their anti-corrosiveness, increased heat resistance and toughness, which make them ideal for use in electrical and electronic applications.

The emergence of nanotechnology, these compounds’ superior performance in comparison to their alternatives and the surge in interest in lightweight and fuel-efficient cars offer the sector promising growth prospects.

However, it is estimated that the high investment cost of Thermoset Molding Compounds may impede the expansion during the forecast period.

For More Details on This Report — Request for Sample

Thermoset Molding Compound Market Segment Analysis — by Type

The phenolic resins segment held a significant share in the Thermoset Molding Compound market share in 2021 and is estimated to grow at a CAGR of 6.9% during the forecast period 2022–2027, due to their improved properties. Phenolic resins are appropriate for use in insulation due to their low thermal conductivity. Due to its water resistance, high thermal stability and fire resistance, phenolic resin is used as a permanent binder and adhesive for wooden building panels as well as a binder for mineral wool insulation. By altering the manufacturing catalyst, phenolic resin’s properties can be altered for each application. As a result, the demand for phenolic resin-based Thermoset Molding Compound is on a significant upsurge, thereby driving segmental growth.

Inquiry Before Buying:

Thermoset Molding Compound Market Segment Analysis — by End-use Industry

The electrical & electronics segment held a significant share in the Thermoset Molding Compound market share in 2021 and is projected to grow at a CAGR of 7.4% during the forecast period 2022–2027. The electrical and electronics industries benefit from thermoset molding compounds such as phenolic resins, epoxy resins, polyester resins, urea formaldehyde and melamine formaldehyde because they effectively insulate against electricity and heat. A strong molding material with strong dielectric properties, thermal shock resistance, corrosion resistance, arc resistance and electrically insulating properties is required for parts like circuit breakers, electrical enclosures or housings, covers, relays, switches, insulators and motor components. Furthermore, various electrical & electronic products such as covers, housings and circuit breakers require a molding material that protects sensitive internal electronics and components. This is accelerating the demand for Thermoset Molding Compound in the industry, which is subsequently propelling the segment growth.

Thermoset Molding Compound Market Segment Analysis — by Geography

Asia-pacific held the largest Thermoset Molding Compound market share of up to 42% in 2021, owing to the bolstering growth of the electrical & electronics sector in Asia-pacific. For instance, the consumer electronics and home appliance sector in India generated $9.84 billion in revenue in 2021 and is projected to grow to US$21.18 billion by 2025, according to the India Brand Equity Foundation (IBEF). The global electronics industry is expected to produce 7% more in 2021 than it did in 2020, reaching US$3,175.6 billion, according to the Japan Electronics and Information Technology Industries Association (JEITA). China’s electronic information manufacturing sector experienced steady growth in revenue and profits last year, according to the February 2022 report. According to the Ministry of Industry and Information Technology, operating revenue for the sector reached approximately 14.1 trillion yuan (roughly $2.2 trillion) in 2021, an increase of 14.7 percent from the previous year. With the increasing electrical & electronics production, the demand for molding materials significantly increased, which accelerated the demand for Thermoset Molding Compound in Asia-pacific.

Schedule A Call:

Thermoset Molding Compound Market Drivers

Increasing Automobile Production:

Thermoset Molding Compound provides lightweight materials for use in automotive manufacturing. The high-end vehicle manufacturers use carbon fiber composites to provide an enhanced finish. According to the Germany Trade & Invest (GTAI), German passenger car and light commercial vehicle OEM generated foreign market revenue of EUR 274 billion in 2021, an increase of ten percent over 2020. The International Organization of Motor Vehicle Manufacturers (OICA) estimates that heavy truck production in Europe increased by 31%, from 236,328 units in 2020 to 308,300 units in 2021. India’s domestic automobile production increased between FY16 and FY20 at a compound annual growth rate (CAGR) of 2.36 percent, with 26.36 million vehicles produced in FY20, according to the India Brand Equity Foundation (IBEF). With the increasing automobile production, the demand for lightweight automotive components is also increasing, thereby acting as a driver for the Thermoset Molding Compound market during the forecast period.

Flourishing Aerospace Sector:

In the aerospace industry, Thermoset Molded internal components are used within the cabins of civilian, commercial and military aircraft as they aid in making aircraft lightweight. The demand for aircraft is on an upsurge in various regions. According to Boeing’s current business forecast, the Middle East would need 2,520 new aircraft by 2030. Also, according to Boeing India, there is a demand for 2,300 aircrafts worth US$320 billion over the next 20 years. According to Boeing, in 2020, 8,995 aircraft fleets were delivered in North America. It is estimated to reach 10,610 fleets by 2039. Considering the importance associated with lightweight airplanes, it is expected that the increasing aerospace industry would act as a driver for the Thermoset Molding Compound market.

Thermoset Molding Compound Market Challenge

Fluctuating Raw Material Prices:

The raw materials often used for the production of Thermoset Molding Compounds are the downstream products of crude oil, such as epoxy resins. During the previous few years, the price of crude oil has been extremely volatile. The price of Brent crude oil has increased from US$43.73/bbl in 2016 to US$71.31/bbl in 2018 and then decreased to US$64.21/bbl in 2019 and US$41.84/bbl in 2020, according to the BP Statistical Review of World Energy. The volatility in the price of oil has caused fluctuation in the prices of raw materials for the manufacturing of thermoset molding compounds. Thus, the fluctuation in the price of crude oil has a direct influence on the price of the Thermoset Molding Compounds, which is a significant challenge for the market during the forecast period.

Buy Now :

Thermoset Molding Compound Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Thermoset Molding Compound market. The top 10 companies in the Thermoset Molding Compound market are:

Ashland Global Holding Inc.

BASF SE

Eastman Chemical Company

Evonik Industries AG

Hexion Inc.

Huntsman Corporation

Kolon Industries Inc.

Kyocera Chemical Corporation

Plastics Engineering Company

Rogers Corporation

Recent Developments

In March 2021, BASF announced a partnership with Sumitomo (SHI) Demag to create the first fully-automated, all-electric injection moulding cell for new high-performance polymer manufacturing.

In April 2020, Evonik announced the completion of the Marl expansion of its polyamide plant. The substance also combines quality and performance with excellent parameter estimation, uses very little water, has great structural correctness and has excellent UV resistance.

Relevant Reports

NanoParticles Market — Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: HCR 0272

Metal And Metal Oxide Nanoparticles Market — Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: CMR 67878

Magnesium Oxide Nanoparticle Market — Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: CMR 68243

For more Chemicals and Materials Market reports, please click here

[rutujamnm]

Composites In Oil & Gas Industry Market worth $3.4 billion by 2028

The report "Composites In Oil & Gas Industry Market by Resin Type (Epoxy, Composites, Polyester, Phenolic), Fiber Type (Carbon, Glass,), Application (Pipes, Tanks, Top Side Applications, Pumps & Compressors), and Region - Global Forecasts to 2028", is estimated at USD 2.3 billion in 2022 and is projected to reach USD 3.4 billion by 2028, at a CAGR of 6.1% from 2023 to 2028. Factors such as the superior properties of composites like corrosion resistance, lightweight and high strength, durability, and improved performance are positively driving the growth of the Composites In Oil & Gas Industry Market. Furthermore, The rising applications from emerging economies and the adoption of composites will further propel the growth rate of the oil and gas composites market. The low maintenance cost of composites is projected to strengthen the market's growth.

Download pdf-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75947166

Glass fiber segment is expected to account for largest share in 2022.

Glass fiber composites are widely used in the oil and gas industry due to their excellent mechanical properties and resistance to corrosion. They are used in various applications such as pipelines, tanks, pressure vessels, and offshore structures. The market for glass fiber composites in the oil and gas industry is expected to grow significantly in the coming years, driven by the increasing demand for lightweight and durable materials in various applications. The market is also influenced by the increasing need for efficient and safe operations in the oil and gas industry.

Pipes application segment held the largest market share in the composites in oil & gas industry market

There has been major advances in the fields of composite pipe work and fluid handling. Cost-cutting due to composites replacing steel piping in retrofit applications is a major driver for the market. Cost advantage can also be witnessed during the manufacturing process of risers, tubings, and storage and transport systems in offshore platforms when composites are used in place of expensive corrosion-resistant metals. Another important propellant for the market is amplified longevity of new, reliable, safe, and cost-effective construction, which can withstand severe conditions anticipated in an offshore environment.

Sample Request-https://www.marketsandmarkets.com/requestsampleNew.asp?id=75947166

North America is expected to account for the largest share in 2022

The composites in oil & gas industry market has been studied in North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The Asia-Pacific composites in oil & gas industry market is being driven by growing need of energy which propelling the need for oil & gas resources. North America is likely to remain the key region owing to the rising number of natural gas infrastructure projects and growing awareness about advantages of composite materials in the region. The market in the region is expanding also due to the rise in demand for high-performance lightweight materials and new products developed using them.

Major players operating in the composites in oil & gas industry market Baker Hughes (US), NOV Inc. (US), SLB (Schlumberger N.V.) (US), Halliburton (US), Shawcor (Canada), are some of the market players.

[bbfloorsindia]

Wood Plastic Composite (WPC) : Everything You Need to Know

Wood Plastic Composite (WPC) is revolutionizing construction and manufacturing. This innovative blend of wood and plastic creates a durable, eco-friendly, and low-maintenance alternative to traditional materials. WPC's unique properties make it ideal for various applications, from decking to furniture. As industries seek sustainable solutions, WPC's popularity continues to grow. This article explores WPC's composition, benefits, and diverse uses, highlighting why it's becoming a go-to choice for forward-thinking builders and manufacturers.

[symbiosisonlinepublishing]

𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐂𝐥𝐚𝐬𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧: Materials are categorized into various classes, including metals, ceramics, polymers, composites, and semiconductors. Each class has unique properties and is suited for specific applications.

𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬 𝐨𝐟 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬: Materials scientists study the physical, mechanical, electrical, thermal, and chemical properties of materials.

Visit @ https://symbiosisonlinepublishing.com/materialsscience-engineering/

[risa-marketspot]

Glass Fiber Reinforced Plastics (GFRP) Composites Market Forecast 2024 to 2032

Glass Fiber Reinforced Plastics (GFRP) composites, also known as fiberglass composites, are a type of composite material made from a combination of glass fibers and a polymer matrix. The glass fibers provide the structural reinforcement, while the polymer matrix, typically made of polyester, epoxy, or vinyl ester resin, holds the fibers together and transfers the loads between them.

The Glass Fiber Reinforced Plastics (GFRP) Composites Market was valued at USD 747.30 Million in 2022 and is expected to register CAGR of 3.16% by 2032.

Key factors such as rapidly expanding automotive sector, growing consumer demand for renewable energy, increasing number of wind energy capacity installations, and rising investments in R&D activities are expected to drive global market growth during the forecast period.

Get a Free Sample Copy

[oneworldcable]

GFRP Rods Unveiled: Understanding Their Manufacturing and Applications

Are you ready to explore the cutting-edge world of Fiber Reinforced Plastic (FRP) technology? Look no further than our latest innovation: GFRP Rods, now unveiled at www.owcable.com/fiber-reinforced-plastic-frp-rods-product/! 🚀

🛠️ Manufacturing Mastery: Unveiling the Process

Delve into the fascinating realm of GFRP rod manufacturing, where science meets artistry to create a game-changing solution. Our blog takes you on an immersive journey through the intricate steps involved in crafting these rods:

Material Selection: Discover the secret behind GFRP's remarkable properties! We unveil the meticulous selection of premium quality fibers and resin that form the heart of these rods.

Ingenious Design: Explore the innovative design principles that ensure optimal load-bearing capacity and durability. Our experts share insights into engineering GFRP rods that outshine traditional materials.

Precision Manufacturing: Learn about the advanced techniques and cutting-edge machinery employed to fabricate GFRP rods with impeccable precision. From pultrusion to curing, every step is a testament to excellence.

🌐 Versatile Applications: Where GFRP Rods Shine

GFRP rods aren't just a product; they're a revolution! Our blog dives deep into the diverse realms where these rods have already begun to make waves:

🏗️ Construction Marvels: Explore how GFRP rods are redefining construction practices. From reinforcing concrete structures to providing seismic resilience, witness their role in shaping the buildings of the future.

🌊 Marine Prowess: Delve into the world of maritime applications, as GFRP rods combat corrosion and enhance the performance of structures in marine environments. Discover how they're becoming the go-to choice for docks, piers, and more.

🔌 Electrifying Possibilities: Uncover the role of GFRP rods in the electrical industry. Learn how their non-conductive nature and exceptional strength are transforming utility poles and transmission towers, ensuring a reliable and safe power grid.

🚗 Automotive Innovation: Get a glimpse into the automotive realm, where GFRP rods are shedding weight without compromising on strength. Dive into the world of lightweight vehicle components and increased fuel efficiency.

🌿 Sustainable Solutions: Explore the eco-friendly side of GFRP rods! Our blog reveals how these rods contribute to sustainable practices by reducing carbon footprint and conserving natural resources.

🔗 Join the GFRP Revolution Today!

Are you excited to embrace the future with GFRP rods? Dive into our comprehensive blog to understand the intricate manufacturing process and the myriad of applications that these versatile wonders offer. Get ready to witness a world where strength, durability, and sustainability converge.

Visit OWCable and be part of the GFRP revolution. Unveil the power of innovation today! 🌐🏗️🚗🔌🌿