Composites Market Detail Analysis focusing on Application, Types and Regional Outlook | Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, SGL Group, etc

Global Composites Market report 2020:

A new report on the Composites global market has been published and added to the ever-growing database of Reports and Data, which includes a detailed study of the industry, covering different aspects of the market and the growth scenario over the forecast period, 2020 -2026. The report is inclusive of valuable insights and information which are segmented on both global as well as regional basis. The information has been gathered by means of various sources, and the information is arranged, processed, and represented through different methodological techniques and analytical tools like the SWOT analysis to generate an entirely new set of trade-based study regarding the Composites Market.

Composites market is expected to grow at a CAGR of 6.2% in terms of value and is forecasted to reach USD 146.14 Billion in 2026.

This is the only report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus has impacted all sectors of the world economy, and its impacts on the Composites market are elucidated in-depth in this report.

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Top Players of the Market:
Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, SGL Group, Nippon Electric Glass Co. Ltd., Koninklijke Ten Cate BV, Huntsman International LLC., Solvay, Hexcel Corporation, Hexion, E. I. Du Pont Nemours & Co., Weyerhaeuser Company, Chongqing Polycomp International Corporation and Jushi Group Co., Ltd., among others.

The report evaluates the CAGR value as well as the market value based on the key market dynamics and growth-inducing factors. This study is based on the latest industry news, growth potentials, and trends. The study is meticulously drawn and is exclusively centered around the market scenarios, competitive landscapes, and the influential participants of the markets.

Segmentation based on the type of products:
Thermosetting Composites
Thermoplastic Composites
Others

Segmentation based on the application of the products:
Aerospace & Defense
Electrical & Electronics
Wind Energy
Construction & Infrastructure
Pipes & Tanks
Marine
Others

The report covers and elucidates how the market fares in the different regions of the world; the regions included in this study are:

Regional Analysis:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

The regions are assessed on their capacities to transform into areas where the Composites market can flourish and prosper. As of the present speculations, North America and the Asia Pacific region are expected to show exponential growth and expansion. With Europe and Latin America developing a market for the Composites.

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Key Offerings of the Report:
A detailed analysis of the parent market.
Significant changes in the key aspects of the market.
In-depth market segmentation analysis.
Market analysis of the previous, current, and forecasted period in terms of value and volume.
Market share analysis.
Evaluation of the niche market sectors.
Major approaches of the market participants.
Key suggestions to the companies for fortifying their presence in the market.

Major Highlights from the Market:
The valuation for Composites market was USD 88.44 Billion in 2018 and it is forecasted to reach USD 146.14 Billion by 2026.
The market is segmented on the basis of resin type into thermoset composites, thermoplastic composites and others.
Thermoset resin dominated the market, with a share of ~59% in 2018.
Thermoplastics is forecasted to witness the highest growth rate of 7.8% during the forecast period.
Thermoplastics are less costly, easy to weld, sturdier, non-toxic, and can be recycled for other applications.

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In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments’ market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

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This release was published on openPR.