Dallas, Texas, Nov. 05, 2020 (GLOBE NEWSWIRE) — The “Global Composites Market Size 2018, by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry, by Region and Forecast 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
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Adroit Market Research report on global composites market gives a holistic view of the market from 2015 to 2025, which includes factors such as market drivers, restraints, opportunities, challenges and regulatory scenario. The market has been studied for historic years from 2015 to 2017, with the base year of estimation as 2018 and forecast from 2019 to 2025. The report covers the current status and future traits of the market at global as well as country level.
The global composites market is anticipated to reach USD 192.68 billion by 2025, growing at a significant CAGR over the forecast period of 2019 to 2025. Growing demand from the automobile and aerospace industries for lightweight materials is expected to fuel growth in the industry.
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In addition, the study also assesses the market competition with Porter’s five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global composites market have been studied in detail.
Increasing need for lightweight vehicles over the forecast period is projected to drive composites market development. The product demand in U.S. and Europe as the main region in the market has been anticipated by the rising developments from the leading producers such as Airbus and Boeing in the aerospace market.
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Carbon fiber is projected to show the highest rise in the composite market over the forecast period. It consists mostly of carbon atoms bound together in crystals aligned parallel to the fiber. The carbon fibers are combined to form a composite with other materials. Carbon fiber reinforced polymer is created when a plastic resin is bonded to carbon fiber. Carbon fiber properties such as low weight and thermal expansion, resilience to temperature, strong toughness, and strong chemical resistance are highly sought in industrial applications.
The global composites market is categorized based on fiber type, resin type, manufacturing process and end use. Region wise, Asia Pacific was the largest market in 2018, and is anticipated to grow at a significant CAGR over the forecast period. North America is expected to grow at a significant rate over the coming years.
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Key players serving the global Composites market include Teijin Limited; Owens Corning; Toray Industries, Inc.; PPG Industries, Inc.; Hexcel Corporation; Huntsman Corporation; and E. I. DuPont Nemours & Co. among others.
Major Points from Table of Contents:
Chapter 1Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Composites Market by Fiber Type
Chapter 6 Composites Market by Resin Type
Chapter 7 Composites Market by Manufacturing Process
Chapter 8 Composites Market by End-Use
Chapter 9 Composites Market by Region
Chapter 10 Company Profiles
Chapter 11 Competitive Landscape
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Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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