Composites Market 2022 | Size, Industry Share, Growth, Trends Analysis by 2028

Composites are designed to impart functionality to the applied surfaces. Composites can actively sense and respond to external environmental stimuli such temperature, pressure, light, and heat and react with an appropriate response. Nano materials have recently emerged useful in providing improved functionality in making such coatings. There are composites for antimicrobial, self-cleaning, corrosion resistance, self-healing, and others.

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MARKET SCOPE
The "Global Composites Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the composites market with detailed market segmentation by type, resin type, end use industry, and geography. The report provides key statistics on the market status of the leading composites market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
Based on type, the global composites market is segmented into carbon fiber composites, glass fiber composites, and others.
Based on resin type, the global composites market is segmented into thermoset, thermoplastic, and others
Based on end use industry, the global composites market is segmented into automotive, aerospace and defense, wind energy, construction and infrastructure, marine, and others

MARKET DYNAMICS
Drivers:
Rising utilization of composites in aircraft and the escalating number of aircraft production.

Restraints:
Rules and regulations by various government authorities and high cost of composites.

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The composites market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the composites market in these regions.

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IMPACT OF COVID-19 ON COMPOSITES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS
The report covers key developments in the composites market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from composites market are anticipated to lucrative growth opportunities in the future with the rising demand for composites in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the composites market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

DuPont
Gurit
Hexcel Corporation
Mitsubishi Chemical Corporation
Nippon Electric Glass Co., Ltd.
Owens Corning
SGL Carbon
Solvay
TEIJIN LIMITED
TORAY INDUSTRIES, INC.

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Contact Person: Sameer Joshi
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.