Press release
Composite Market 2020 industry growth, competitive analysis, and forecast to 2024 | SGL Group, Hexcel Corporation, Huntsman Corporation, Tensar International Corporation
Composite Market
This report provides an exhaustive account of the industry including:
o Composite Market size, annual forecast from 2020 to 2026
o Major composite market trends, technology evolution, economic indicators and business challenges
o Regulatory and geopolitical trends impacting the industry
o Business drivers and pitfalls impacting key regional markets
o Competitive landscape of the industry and detailed profiles on major companies
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Aerospace application had been setting the trend in this industry, given the surge in airline traffic since the last few years, soaring fuel costs, and environmental regulations, that have propelled the use of composite materials in the aerospace industry. To put things in perspective, composites are profoundly being used in business, commercial, military and spacecraft.
Leading OEMs such as Boeing and Airbus are exhibiting huge potential for composite application in aviation sector, as even NASA is eyeing to composite manufacturers for innovative space solution for rockets. Prominently, thermoset composites are being used for fuselages, wings, bulkheads in military, commercial and civilian aerospace applications.
It is plausible however, that the composites industry share from aerospace sector may depict a slight dip in expansion in the coming times, given that domestic and international flights have been banned for a while in the wake of COVID-19.
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Composites have become the top-notch solution for various industries as they are an ideal combination of matrix and reinforcement material. Composites offer design flexibility as several of them can be molded into complex shapes. End-users have exhibited increased traction towards composites as they possess high resistance to chemicals, corrosion and other weathering agents.
Modern composites material is used for a range of applications, including architecture, aerospace, military, energy and infrastructure. The market outlook, in the future, is expected to be competitive and companies with innovative capabilities can sustain and gain appreciable business share in the long run. Global Market Insights, Inc. has projected composite market size to grow substantially in the ensuing years.
Some of the Composite Market share players are SGL Group, Hexcel Corporation, Huntsman Corporation, Tensar International Corporation, Toray Industries, Inc., Tenjin Limited, Owens Corning, Jushi Group, Oray Industries Inc., Kononklijke Ten cate.
Read more related news @
https://www.marketwatch.com/press-release/waterproofing-admixture-market-2020-growth-trends-analysis-and-forecast-to-2026-2020-04-23
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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