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Worldwide Composite Process Materials Industry up to 2027 – Major Key Vendors Include Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation | StraitsResearch

10-28-2021 08:14 AM CET | Energy & Environment

Press release from: StraitsResearch

Composite Process Materials Market

Composite Process Materials Market

Composite Process Materials Market Snapshot:

Composite process materials are formed by combining two or more materials that have different properties to obtain a material different from the individual components. Both materials impart their own characteristic properties, and the combination often eliminates or reduces the weaknesses of individual components. The properties of the resulting material can be pre-decided. Composite process materials require fewer raw materials, fasteners, and joints, and this flexibility during the manufacturing process results in a variety of properties. They are resistant to fatigue, extreme temperature, corrosion, and wear, which has resulted in the widespread use of these materials.
China has witnessed significant growth and is a leading producer of composite materials. Many companies are tying up with Chinese manufacturers to set up plants. Composite process materials are made of two main categories of constituents — the matrix and the reinforcement. The matrix embeds, surrounds, and supports the reinforcements. Ceramic, metals, or polymers generally make up the matrix. Polymers are further classified into thermoplastic and thermosetting.

Thermoplastic materials include plastics that can be molded into different forms, and the primary reasons for global market domination are polyethylene and polypropylene. Different thermoplastics such as Polycarbonates (PC), Polypropylene (PP), Polyphenylene Sulfide (PPS), Polyetherimide (PEI), Polyether Ether (PEEK) and Polyamide (PA) are among the many plastics in use.

Polymers that are cured into a solid form and cannot be returned to their original state are called thermosetting composites. Thermosets are widely used in high-heat applications and easy and cheap to produce. Due to lengthy production cycle times and low recyclability, the demand for thermoset composite materials is beginning to lower as compared to thermoplastics. Thermoset composites include materials such as epoxy resin, polyester resin, vinyl ester resin, and polyurethane resin, which are extremely brittle and have low impact toughness. Epoxy resins are used in the manufacture of adhesives, paints, coatings, floorings, and primers.

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The Major Prominent Players Covered in this Report:
Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, SGL Group, Nippon Electric Glass Co. Ltd., Koninklijke Ten Cate BV., Huntsman International LLC.,   Solvay, Hexion, E. I. Du Pont Nemours and Co., Weyerhaeuser Company, Chongqing Polycomp International Corporation, Jushi Group Co., Ltd., Taishan Fiberglass Inc.(CTG).

By Resin, Thermoplastic, Polycarbonates, Polypropylene, Polyphenylene Sulfide, Polyetherimide, Polyetherether, Polyamide, Others, Thermoset, Epoxy Resin, Polyester Resin, Vinyl Ester Resin By Fibre, Glass Fibre, Carbon Fibre, Natural Fibre, Others By End-Use, Automotive, Aerospace & Defence, Wind Energy, Construction, Marine, Other

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Composite Process Materials in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Composite Process Materials market during the forecast period 2019-2027. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Composite Process Materials and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Composite Process Materials. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Composite Process Materials market growth rate?
What are the key factors driving the global Composite Process Materials market?
Who are the key manufacturers in the Composite Process Materials market space?
What are the market opportunities, market risk, and market overview of the Composite Process Materials market?
What are sales, revenue, and price analysis of top manufacturers of the Composite Process Materials market?
Who are the distributors, traders, and dealers of the Composite Process Materials market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Composite Process Materials Industry?
What are sales, revenue, and price analysis by regions of Composite Process Materials industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Composite Process Materials Market Trends:
- The report identifies, determines, and forecasts the Global Composite Process Materials Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Composite Process Materials Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Composite Process Materials Market.

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