Composites Market Research Report [2020] Top players Owens Corning, Toray Industries, Teijin, Hexcel Corporation, SGL Carbon, Solvay

Composites Market Overview:

According to the report, published by Fortune Business Insights in a Report, titled "Composites Market Size, Share and Global Trend By Matrix (Polymer matrix composites, Ceramic matrix composites and Metal matrix composites), by Polymer matrix composites (Fiber {Glass, Carbon, Aramid} and Resin {Thermoset, Thermoplastics}) and by Application (Automotive & Transportation, Building & Construction, Electrical & Electronics goods, Pipes & tank manufacturing, Consumer goods, Wind power, Maritime, Defense & aviation and Others) and Geography Forecast till 2026. The market size stood at USD 93.68 billion in 2018.

The global Composites Market Size is expected to reach USD 163.23 billion by 2026, exhibit a CAGR of 7.26% during the forecast period. The rising demand for aircrafts and the surge in the aerospace industry will contribute positively to the growth of the market in the forthcoming years. As per the survey conducted by India Brand Equity Foundation, India is estimated to become the third-largest aviation industry in terms of passengers by 2024. The surge in foreign investment for air transport services and domestic passenger airlines will have a drastic impact on the Composites Market revenue during the forecast period.

Moreover, India Brand Equity Foundation states, the investment in India's airport infrastructure can reach up to $5.99-6.41 billion in the future. The interest by government authorities in the improvement of airport facilities will subsequently aid the Composites Market revenue in the forthcoming years.

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List of Best Companies Present in the Global Composites Market are;

Owens Corning
Toray Industries
Teijin
Mitsubishi Chemical Advanced Materials
Hexcel Corporation
SGL Carbon
Huntsman International LLC.
Solvay
Exel Group
Veplas d.d.
Composite Solutions
Others

The report is aimed at delivering a comprehensive description of the Composites Market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER's analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the market. It further examines the ways and components convincing market expansion, growth patterns, restricting factors, and market strategies.

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Significant Development:

Successful Acquisition of AIM Aerospace by Sekisui Chemical to Enable Speedy Expansion

Sekisui Chemical Co. Ltd, a part of SEKISUI America Corporation (SAC), announced the acquisition of AIM Aerospace, a leading company in manufacturing carbon fiber, thermoplastics, intelligent composite manufacturing automation, and aerospace interiors. The increasing acquisitions and mergers of companies will promote the Composites Market share during the forecast period. Moreover, Ian Moran, President of Sekisui America, said in a statement, the acquisition of Sekisui Aerospace continues Sekisui's commitment to investing in growth markets with high-quality and principled companies that share our corporate values. Besides, the merger between companies will add a new value to the shareholders, customers, and employees in the coming future, which, in turn, will favor best for the Composites Market trends.

Market Restraint:

Complications Associated with Composite Recycling to Inhibit Market Development

The rising government guidelines and policies regarding the environment will consequently dampen the growth of the market during the forecast period. The surge in policies and high prices for disposal of landfills can slow the growth of the market. Additionally, the rising utilization of lifecycle assessment as a type of material selection process and waste management will also have an effect on the market's growth. Moreover, most of the countries dump their composite waste in the landfills, thus causing serious damage to the environment and challenge to the composite industry.

Regional Analysis:

Defense and Aerospace Industry to Boost Prospects in North America

North America generated a revenue of USD 27.61 billion in 2018 and is likely to remain dominant during the forecast period. The rising demand for composites from the aerospace, the defense industry will augment growth in the region. The Asia Pacific accounted for a high share in 2018 and is expected to exhibit rapid growth during the forecast period. The growth of the region is attributed to the rising demand for composites from the aerospace, automotive, building & construction, and electrical & electronics industry.

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Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Trends
Overview of Global Composites Production
Global Composites Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast - By Matrix
Polymer matrix composites
Fiber
Glass
Carbon
Aramid
Resin
Thermoset
Thermoplastic
Ceramic matrix composites
Metal matrix composites
Market Analysis, Insights and Forecast - By Application
Automotive
Building & construction
Electrical & Electronics goods
Pipes & tank manufacturing
Consumer goods
Wind power
Maritime
Defence & Aviation
Others
Market Analysis, Insights and Forecast - By Region
North America
Europe
Asia pacific
Latin America
Middle East & Africa
TOC Continued....!

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