Press release
Composites Market growth, business opportunities, share value, key insights and size estimation by 2031
Composites Market
Read More about Composites Market here: https://www.globalinsightservices.com/reports/composites-market/
Key Trends:
Composite materials are becoming increasingly popular in a number of industries due to their unique properties and potential advantages over traditional materials. Some of the key trends in composites technology include:
Increased use of composite materials in the aerospace industry: Composite materials are increasingly being used in the aerospace industry due to their high strength-to-weight ratio and resistance to fatigue and corrosion.
Increased use of composite materials in the automotive industry: Composite materials are also being used more frequently in the automotive industry for applications such as body panels, structural components, and exhaust systems.
Key Drivers:
The key drivers of the composites market are high strength-to-weight ratio, low weight, corrosion resistance, and thermal stability. Composites are widely used in the aerospace, automotive, and construction industries because of these properties.
The aerospace industry is the largest user of composites, accounting for more than 50% of the total composites market. The use of composites in aircrafts helps to reduce fuel consumption and emissions.
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Market Segments
By Fiber Type
• Glass Fiber Composites
• Carbon Fiber Composites
• Natural Fiber Composites
• Other Fiber Composites
By Resin Type
• Thermoset Composites
• Thermoplastic Composites
By End Use Industry
• Aerospace & defense
• Wind Energy
• Automotive & Transportation
• Construction & Infrastructure
• Marine
• Others
By Manufacturing Process
• Lay-up
• Filament Winding
• Injection Molding
• Pultrusion
• Compression Molding
• RTM
• Others
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- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
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- Excel data pack included with all report purchases
- Robust and transparent research methodology
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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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