Continuous Fiber Composites Market is Likely to Gorw at a CAGR of 6.5% Over the Next Five Years

Stratview Research has launched a new research report on Continuous Fiber Composites Market report segments the market in five ways to provide a 360-degree holistic view.
The forecast of the market has been segmented by-
• by Form Type: (Woven Fabrics, Non-Crimp Fabrics and Others)
• by Resin Type: (Thermoset Composites and Thermoplastic Composites)
• by Reinforcement Type: (Glass Fiber Composites, Carbon Fiber Composites and Other)
• by End-Use Industry Type: (Aerospace & Defense, Automotive and Others)
• by Region
o North America
o Europe
o Asia – Pacific
o Rest of the World

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Continuous Fiber Composites Market.
Years considered for this report -
• base year 2018
• trend period 2012 - 2017
• forecast period 2018 - 2023

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The Global Continuous Fiber Composites Market: Highlights
Composites have earned their way onto various end-use industries, propelled by a long list of their advantages including high strength-to-weight ratio, excellent corrosion and creep resistance, low-maintenance cost, and lightweight. The materials have a disruptive journey of more than eight decades and are efficaciously gaining penetration in both high-performance as well as cost-sensitive end-use industries. The penetration of composites is not likely to cede here and will penetrate more in the coming years.

Composite is one of the most versatile materials with the combination of different fibers, resins, and core materials. The availability of different manufacturing processes further raises the complexity of these materials. Also, there are different forms of fibers including continuous, chopped, and milled, whose selection is based on different requirements of applications including part strength, part cost, part geometry, and part complexity. Continuous fiber is one of the most common fiber forms used in various end-use industries including electronics, wind energy, automotive, and sporting goods.

Continuous Fiber Composites Market: by Form Type
The continuous fiber composites market is segmented into the form type as Woven Fabrics, Non-Crimp Fabrics, Unidirectional Tape, and Others. Woven fabric is projected to remain the most dominant form type in the market during the forecast period, driven by a high usage in various end-use industries including wind energy, automotive, and electronics. Non-crimp fabric occupied a considerable share of the market, driven by an increased usage in wind energy. The fabric allows an easy flow of resin and provides good mechanical strength in multiple directions.

Continuous Fiber Composites Market: by Reinforcement Type
Based on the reinforcement type, the continuous fiber composites market is segmented into Glass Fiber Composites, Carbon Fiber Composites, and Other Composites. Other composites mainly include aramid fiber composites. Glass fiber composite is projected to remain the most dominant segment of the market during the forecast period, driven by a wide array of advantages including low cost, good mechanical performance, and excellent corrosion and abrasion resistance. The fiber mainly competes with metals including steel and aluminum and is considered an ideal material in highly cost-sensitive markets, such as wind energy, automotive, marine, and building & construction.

Continuous Fiber Composites Market: by End-Use Industry Type
Based on the end-use industry type, the continuous fiber composites market is segmented into Aerospace & Defense, Automotive, Wind Energy, Electronics, Sporting Goods, and Others. Wind energy is likely to maintain its dominance in the total continuous fiber composites market during the forecast period. Wind blades, spinners, and nacelles are the major composite applications in the wind energy and largely fabricated with glass fiber composites using continuous fiber composites. Increasing wind turbine installation across the globe is the prime driver for the demand for composites in this industry. China, India, the UK, Germany, and the USA are likely to remain the growth engines of the market for the segment over the next five years.

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Continuous Fiber Composites Market: by Region
Based on the regions, Asia-Pacific is likely to remain the largest market during the forecast period, driven by China, India, and Japan. High installations of wind turbines, high automobile production, high electronic parts manufacturing, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and the opening of assembly plants of Boeing and Airbus in China are some of the major factors driving the demand for continuous fiber composites in the region.

Continuous Fiber Composites Market: Key Players and their Strategies
The global continuous fiber market is highly competitive with the presence of a large number of global as well as regional players in which some of the players are vertically integrated from fiber manufacturing to intermediate products manufacturing to composite parts manufacturing. Some of the major global players are Owens Corning Corporation, Saertex GmbH & Co. KG, Sekisui Jushi Corporation, Chomarat Group, Hexcel Corporation, Toray Industries, and SABIC Corporation.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors.

Research Methodology
This report studies the market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
• Extensive secondary research,
• Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
• Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
• More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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