Press release
Composites Market Global Industry Trends, Share, Size, Growth Forecast 2021 To 2027
The automotive & transportation industry has the largest share in the composites market in terms of volume. The industry commits to comply with stringent regulations such as the Corporate Average Fuel Efficiency (CAFE) standards and the European Emission Standards (EES) by the US and European governments. To reduce carbon dioxide (CO2) emissions, which have an adverse effect on the global climate, the automakers in these regions are focusing on the production of lightweight vehicles with composites to comply with the government regulations and enhance the fuel efficiency of vehicles.
Manufacturing and non-recurring development costs continue to limit the penetration of composites in several resin types. Design consistency, process standardization, and maintenance technology are the major concerns. The lack of standardization of material and methodologies compels manufacturers to consider conservative designs, which hampers the mass production and economic performance of automobiles and aircraft. In addition, limited trained and experienced human resources restrain broader resin types of composites.
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Key players
Owens Corning (US)
Toray Industries Inc. (Japan) Teijin Limited (Japan) Solvay (Belgium): Hexcel Corporation (US
Mitsubishi Chemical Holdings Corporation (Japan)
SGL Group (Germany)
Nippon Electrical Glass Co. Ltd. (Japan)
Huntsman International LLC. (US)
Types
Layup
Filament Winding
Injection Molding
Pultrusion
Others
Applications
Transportation
Aerospace & Defense
Wind Energy
Electrical & Electronics
Others
By Regions/Countries:
North America
United States
Canada
Mexico
East Asia
China
Japan
South Korea
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Netherlands
Switzerland
Poland
South Asia
India
Pakistan
Bangladesh
Southeast Asia
Indonesia
Thailand
Singapore
Malaysia
Philippines
Vietnam
Myanmar
Middle East
Turkey
Saudi Arabia
Iran
United Arab Emirates
Israel
Iraq
Qatar
Kuwait
Oman
Africa
Nigeria
South Africa
Egypt
Algeria
Morocoo
Oceania
Australia
New Zealand
South America
Brazil
Argentina
Colombia
Chile
Venezuela
Peru
Puerto Rico
Ecuador
Rest of the World
Kazakhstan
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The Composites market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Composites in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Composites Market
Chapter 5. Global Composites Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 6. Global Composites Market Overview, By Distribution Channel, 2015 - 2027(USD Million)
Chapter 7. Global Composites Market Overview, By Geography, 2015 - 2027(USD Million)
Chapter 8. North America Composites Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 9. Europe Composites Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 10. Asia Pacific Composites Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa Composites Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 12. South America Composites Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Composites Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market
Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.
Buy Composites Market Report @
https://www.envisageresearch.com/buy/EMR100810/
Contact Us:
Envisage Market Research
Email: sales@envisageresearch.com
About Us:
Envisage Market Research is the leading provider of custom and syndicated market research reports. Our team of expert analysts offers end-to-end consulting services, along with 80% of the Fortune 500+ companies in the recent past. We are focused to deliver market research report solutions to small and medium enterprises.
Envisage Market Research has steadily grown to become a trusted market research partner for clients across the globe. We are majorly focused to serve a wide range of industrial insights, including automotive & transportation, technology, consumer products, automation and equipment, food & beverages, services & utilities, chemicals & materials, energy, mining, and oil & gas.
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