Press release
Composites Market Registering a CAGR of 8.0%, by Manufacturing Process (Lay-Up Process, Filament Winding Process, Injection Molding Process, Pultrusion Process
The composites market has witnessed increased usage of composites in the manufacturing of motorbikes, cycles, and cars. Additionally, with aerospace, automotive and transportation, construction, wind energy, marine, and electrical and electronics applications, the composites market is estimated to have accelerated expansion over the forecasted period.Global Composites Market was valued at USD 88.00 billion in 2021 and is expected to reach USD 162.88 billion by 2029, registering a CAGR of 8.0% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
View Detailed Report: https://www.databridgemarketresearch.com/reports/global-composites-market
Market Definition
Composite material is basically made up of at least two constituent materials. These constituent materials have markedly different chemical or physical properties, and when combined, they form a material having features that are not found in the individual constituents.
Opportunities
Awareness and Replacement
Furthermore, the rising awareness due to strict government regulations will further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing electrification of vehicles to replace traditional fuels will further expand the future growth of the composites market.
Some of the major players operating in the composites market are
DOW (U.S.)
Halocarbon, LLC (U.S.)
Freudenberg SE (Germany)
The Chemours Company (U.S.)
Metalubgroup (Israel)
Huntsman International LLC (U.S.)
Bostik (France)
H.B. Fuller Company (U.S.)
Sika AG (Switzerland)
Cardolite Corporation (U.S.)
DAIKIN (Japan)
Kukdo Chemical Co., Ltd., (South Korea)
BASF SE (Germany)
Covestro AG (Germany)
LANXESS (Germany)
Dupont (U.S.)
SOLVAY (Belgium)
Wanhua (China)
Arkema (France)
Hexion (U.S.)
Woodbridge (Canada)
Global Composites Market Scope
The composites market is segmented on the basis of fiber type, product, resin type, manufacturing process and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Fiber Type
Glass Fiber Composites
Carbon Fiber Composites
Natural Fiber Composites
Others
Product
Carbon
Glass
Resin Type
Thermoset Composites
Thermoplastic Composites
Manufacturing Process
Lay-Up Process
Filament Winding Process
Injection Molding Process
Pultrusion Process
Compression Molding Process
Resin Transfer Molding (RTM) Process
Others
End-Use Industry
Transportation
Aerospace and Defense
Wind Energy
Construction and Infrastructure
Pipe and Tank
Marine
Electrical and Electronics
Others
Browse More Reports:
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https://manoj-mrr.blogspot.com/2023/10/hydrazine-hydrate-market-will-grow-at.html
https://manoj-mrr.blogspot.com/2023/10/automotive-composites-market-industry_29.html
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