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Composite Materials Market Insight, Research Report With DowDuPont, 3M, Solvay, 3A Composites, Mitsubishi Chemical Corporation, AGC MATEX CO., Axalta Coating Systems, TORAY INDUSTRIES, Magna International Inc.
Composite Materials Market
The report recognizes and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Following aspects are kept into view while formulating this global composite materials market report and include the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The market size, revenue generated from the sales and technologies by various application segments are also evaluated in this composite materials report. The report estimates 2019-2026 market development trends for global industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also performed here. Furthermore, composite materials market research report also provides a watchful investigation of the current state of the market which covers several market dynamics. composite materials market report uses a range of steps for collecting, recording, analysing and interpreting market data to make this report all-inclusive. The composite materials report contains the list of leading competitors, strategic industry analysis and the insights of key factors influencing the global industry. The statistics are signified in graphical and tabular format for a clear understanding on facts and figures.
Global composite materials market is expected to rise with a significant CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to the usage of composite materials in innovative production methods for the end-use products.
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Market Definition: Global Composite Materials Market
Composite materials can be defined as the materials formulated from combining two or more individual materials with varied characteristics and properties. Once these individual materials are combined they display a set of different characteristics that might not be possible if they had been used individually.
Key Market Competitors Analysis Segmented in Report
DowDuPont; AGC MATEX CO.,LTD; 3M; TORAY INDUSTRIES, INC.; Magna International Inc.; 3A Composites; Mitsubishi Chemical Corporation; COMPOSITES UNIVERSAL GROUP; Solvay; Axalta Coating Systems, LLC; ASAHI FIBER GLASS Co., Ltd.; Owens Corning; TEIJIN LIMITED; Koninklijke Ten Cate BV; Cabot Corporation; Henkel AG & Co. KGaA; Engineered Bonding Solutions, LLC; Aztron Technologies, LLC.; PPG Industries, Inc.; NEI Corporation; Ashland and H.B. Fuller Company are few of the major competitors currently present in the market.
Market Drivers:
· Growth in the applications of the product from various end-users; this factor is expected to act as a driver for the market growth
· Advancements in technology and innovations in the market of composite materials; this factor is expected to drive the market growth
Market Restraint:
· High levels of cost associated with the product is expected to restrain the market growth
Key Developments in the Market:
· In September 2018, 3A Composites announced that they are transforming their composite materials brand to “3A Composites Core Materials”. The previous division name inclusive of all the brands for composite materials will be included in the revamped products division. The transformation is expected to help the company focus on a more sustainable future with environmental friendly materials.
· In March 2018, Magna International Inc. announced the launch of a new composites center for excellence situated in Esslingen, Germany. The new facility will be able to provide automotive manufacturers superior lightweight composite materials that are environmentally friendly as well.
· In February 2017, Koninklijke Ten Cate BV announced that they are set to launch advanced levels of composite materials at the JEC World 2017 held in Paris, France from March 14-16, 2017. The materials for use in Aerospace and high performance industrial applications will significantly increase the performances of the applicable products.
Competitive Analysis:
Global composite materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of composite materials market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Segmentation: Global Composite Materials Market
· By Resin
Thermoset Resins
Epoxy
Polyester
Pheonolics
Polyimides
Cyanate Ester
Vinyl Ester
Others
Benzoxazines
Bismaleimides
Thermoplastic Resins
Polyetherketone (PEK)
Polyamide-imide (PAI)
Liquid Crystal Polymer (LCP)
Polyarylsulfone (PAS)
Polyetheretherketone (PEEK)
Polyetherimide (PEI)
Others
Polyethersulfone (PES)
Polyphenylene Sulfide (PPS)
· By Fiber
Glass
Carbon
Aramid
Others
· By Coatings
Surface Veil
Gel Coat
· By Adhesives
Epoxies
Bismaleimide (BMI)
Cyanate Ester
Polyurethanes
Modified Acrylics
Silicones
· By End-User
Construction
Transportation
Electronics & Electrical
Healthcare
Power Generation
Industrial
Aerospace & Defense
Marine
Others
· By Geography
o North America
US
Canada
Mexico
o South America
Brazil
Argentina
Rest of South America
o Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Rest of Europe
o Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
o Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
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