With 7.10% CAGR, Global Composites Market Size to Surpass USD 150.10 Billion By 2026 - Comprehensive Research Report by Facts & Factors

The following are the findings from the report "Composites Market By Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites, and Others), By Resin Type (Thermoset Composites and Thermoplastic Composites), By Manufacturing Process (Lay-up, Filament Winding, Injection Molding, Pultrusion, Compression Molding, RTM, and Others), By End-Use Industry (Aerospace & Defense, Wind Energy, Transportation, It is estimated that the market will expand at a compound annual growth rate of 7.10% and will reach approximately USD 150.10 Billion by the year 2026.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/global-composites-market-by-fiber-type-glass-fiber-623

𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

Toray Industries, Inc.
Owens Corning,
Teijin Limited
Hexcel Corporation
Huntsman International LLC
SGL Group
Solvay
Nippon Electrical Glass Co. Ltd.
Koninklijke Ten Cate bv.
Mitsubishi Chemical Holdings Corporation.

The increased demand for lightweight materials in the aerospace industry and the automotive industry is driving an increase in the demand for composite materials. In addition, developments in the aerospace and military industries, such as those being carried out by Boeing and Airbus in the United States and Europe, are projected to be a driving force behind the expansion of the global market for composites. In addition, the rapidly expanding backward and forward integration of the composites market is probably going to be profitable for a variety of manufacturers of raw materials. It is anticipated that the cheap cost of production of composites, along with the creation of unique end products, would contribute to an increase in the profitability of composites on a global scale. Depending on grades and the quality of the precursor, the increasing use of composites in Carbon Fiber Reinforced Plastic (CFRP) applications would further enhance the market growth.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.fnfresearch.com/sample/global-composites-market-by-fiber-type-glass-fiber-623

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞:

During the projected period, it is anticipated that glass fiber composites will hold the majority share of the market.

Glass fiber composites have a low cost and superior physical and mechanical properties, which have led to a surge in their application in the electrical and electronic, wind energy, pipe and tank, and construction and infrastructure industries. As a result, glass fiber composites have dominated the global composites industry.

𝐃𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐭𝐢𝐦𝐞 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐛𝐲 𝐭𝐡𝐢𝐬 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝐢𝐭 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞𝐫𝐦𝐨𝐬𝐞𝐭 𝐜𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐰𝐢𝐥𝐥 𝐡𝐨𝐥𝐝 𝐭𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐡𝐚𝐫𝐞.

It is projected that the demand for thermoset composites would increase in the global market for composites as a result of their cheap cost of maintenance, excellent performance, and durability. It has a wide range of applications, including defense, military, marine, and aerospace, to name a few.

𝐈𝐭 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐥𝐚𝐲-𝐮𝐩 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐩𝐫𝐨𝐜𝐞𝐬𝐬 𝐰𝐢𝐥𝐥 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 𝐜𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬.

The shape and the structural dimension of the product that is going to be created are the only factors that determine how the composite is going to be manufactured. There is a good chance that the demand for the lay-up manufacturing method in the global composites sector will increase as a direct result of the growing demand in the wind energy, marine, aerospace, and defense industries.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/inquiry/global-composites-market-by-fiber-type-glass-fiber-623

𝐈𝐭 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐞𝐧𝐝-𝐮𝐬𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐨𝐟 𝐭𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐥𝐥 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 𝐜𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬.

It has been discovered that the composites have a greater strength-to-weight ratio than that steel and aluminum, which increases the potential applications of the composites in the transportation industry. Additionally, the rigorous environmental requirements surrounding emission standards are the primary motivating elements behind the adoption of composites in the transportation industry.

𝐓𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬:

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐅𝐢𝐛𝐞𝐫 𝐓𝐲𝐩𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Glass Fiber Composites
Carbon Fiber Composites
Natural Fiber Composites
Others

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐑𝐞𝐬𝐢𝐧 𝐓𝐲𝐩𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Thermoset Composites
Thermoplastic Composites

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Lay-up
Filament Winding
Injection Molding
Pultrusion
Compression Molding
Resin Transfer Molding (RTM)
Others

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐄𝐧𝐝-𝐔𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Aerospace & Defense
Wind Energy
Transportation
Construction & Infrastructure
Marine
Pipe & Tank
Electrical & Electronics
Others

𝐍𝐞𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/customization/global-composites-market-by-fiber-type-glass-fiber-623

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
The U.S.
Canada
𝐄𝐮𝐫𝐨𝐩𝐞
Germany
The UK
France
Spain
Italy
Rest of Europe
𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
𝐋𝐚𝐭𝐢𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
Brazil
Mexico
Rest of Latin America
𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 & 𝐀𝐟𝐫𝐢𝐜𝐚
GCC
South Africa
Rest of the Middle East & Africa

Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: sales@fnfresearch.com
Web: https://www.fnfresearch.com

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

This release was published on openPR.