Sports Composites Market likely to witness an impressive CAGR of 7.2% by 2025, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Sports Composites Market scenarios and has also estimated the Sports Composites Market size to reach grow at CAGR of 7.2% by 2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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Sports Composites are now used in as many as 10 different outdoor sports. Options such as glass fiber, carbon fiber, and others are slowly replacing the regular options of metal and wood. These composites are used due to a number of features such as light in weight, easy in maintenance, cost-effective, and many others.
Sports Composites make use of a number of resins such as epoxy, polyamide, polyurethane, polypropylene, and others. Mostly these are used in manufacturing golf sticks, rackets, bicycles, hockey sticks, snowboards, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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Based on the resin type, the market is segmented as epoxy resin, polyamide resin, polyurethane resin, polypropylene resin, and others. The epoxy resin segment is estimated to be the fastest-growing segment in the coming five years. The growth is attributed to its remarkable properties, such as elevated heat, mechanical, and electrical resistance.
Based on the fiber type, the market is segmented as carbon fiber, glass fiber, and others. The carbon fiber segment is anticipated to be the fastest-growing segment during the forecast period, owing to its properties, such as sturdiness, tensile strength, impact absorption, and lightweight.
Based on the application type, the market is segmented as golf stick, rackets, bicycle, hockey stick, skis & snowboards, and others. The golf stick application segment is expected to be the fastest-growing segment during the forecast period. The growth is attributed to the application of composites in the designing of golf shaft which minimizes the shaft mass, thus letting the club designer to enhance the head mass, while still preserving a low overall club mass. The provision of a heavier club head, while preserving a minimal overall club mass supports the golfer to swing the club quicker, ensuing in augmented carry distance.
In terms of regions, Asia-Pacific is the largest market for sports composites and is estimated to depict the highest growth in the coming five years. China and India are the growth engines of the region. The market is driven by the growing demand for premium performance products in the skis & snowboards application segment, hassle-free availability of raw materials, and low-labor cost in the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/602/sports-composites-market.html

Highlights of the Report:
Sports composites market is likely to witness an impressive CAGR of 7.2% during the forecast period. The growing number of patents sought for composites-based sporting goods by global companies, growing manufacturing sectors, and incessant new product unveilings, contracts, and development activities adopted by companies are the major drivers bolstering the growth of the global sports composites market.
Some of the major players in the sports composites market are Aldila Inc., Amer Sports, E. I. Du Pont De Nemours and Company, Fischer Sports GmbH, Hexion Inc., Jarden Corporation, Topkey Corporation, and Toray Industries Inc.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Sports Composites Market analysis report discusses the following heads in great detail:
• 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

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This release was published on openPR.