Press release
Fiber-reinforced Composites Market Projected to Exhibit Growth at 7.4% CAGR by 2031- TMR Study
Exploring the Dynamic Realm of Fiber-Reinforced Composites
Fiber-reinforced composites, such as Carbon Fiber Reinforced Polymers (CFRP), are revolutionizing industries like automotive, construction, and aviation, owing to their exceptional strength-to-weight ratio. These materials, leveraging carbon fibers as reinforcement and polymer resins as matrices, exhibit remarkable properties, including high resistance to deformation, low thermal conductivity, and superior tensile strength.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1914
Key Players and Industry Advancements
A. Schulman, Inc., BASF SE, Koninklijke DSM N.V, E. I. du Pont de Nemours and Company, PolyOne Corporation, SABIC Group, Hexcel Corporation, Huntsman Corporation, Reliance Industries Limited, Owens Corning, Toray Industries Inc., TPI Composites, Inc., Nippon Electric Glass Co., Ltd., Kineco Kaman Composites India Pvt. Ltd., PLASAN CARBON COMPOSITES, Enduro Composites, Inc., COTESA GmbH, RTP Company, HITCO Carbon Composites, Inc., and The Quadrant Group of Companies
Major industry players, including BASF SE, Hexcel Corporation, and Owens Corning, have been pivotal in shaping the market dynamics through mergers, acquisitions, and product innovations. Their strategic initiatives aim to expand global footprints and introduce advanced composite solutions catering to evolving industry demands.
Driving Force: Demand for Lightweight Vehicles
The automotive sector is witnessing a paradigm shift towards fiber-reinforced composites, driven by the need for lightweight materials to meet stringent environmental regulations. Original Equipment Manufacturers (OEMs) and automakers are increasingly adopting these composites to create lightweight vehicles that enhance fuel efficiency while maintaining durability and safety standards.
Construction Sector Augmenting Market Growth
The surge in construction activities, particularly in developing countries, is a significant driver for the fiber-reinforced composites industry. With inherent corrosion resistance, these composites are extensively employed in various construction applications, reinforcing structural elements and replacing traditional materials like wood in furniture manufacturing.
Polymer Matrix Composites at the Vanguard
Among various types, Polymer Matrix Composites (PMCs) are gaining substantial traction, attributed to their versatile characteristics combining high strength with low weight. PMCs, formulated with thermoplastic or thermoset and embedded fibers, demonstrate remarkable properties, making them sought-after materials across industries.
Regional Outlook: Asia Pacific Taking the Lead
Asia Pacific is anticipated to spearhead the global market due to rapid urbanization, industrialization, and substantial investments in construction and manufacturing activities. The region's easy access to advanced composite materials and expansive manufacturing capabilities further boost its dominance in the fiber-reinforced composites landscape.
Recent Developments Paving the Future Path
Notable recent developments, such as Avient Corporation's expansion of bio-based medical-grade polymer solutions and Hexcel Corporation's collaboration with Archer Aviation Inc. for high-performance carbon fiber solutions, underscore the industry's commitment to innovation and sustainable solutions.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ -
https://www.transparencymarketresearch.com/checkout.php?rep_id=1914<ype=S
The fiber-reinforced composites market continues its remarkable trajectory, driven by innovations and advancements that redefine possibilities across diverse sectors. With an unyielding focus on lightweight, durable, and environmentally conscious materials, these composites are set to play an increasingly pivotal role in reshaping industries, fostering sustainability, and elevating performance standards globally.
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, providesย custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contactย Us
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fiber-reinforced Composites Market Projected to Exhibit Growth at 7.4% CAGR by 2031- TMR Study here
News-ID: 3332681 • Views: โฆ
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 โฆ
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends fromโฆ
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra โฆ
The global Technetiumโ99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetiumโ99mโฆ
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to โฆ
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equineโฆ
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of โฆ
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,โฆ
More Releases for Composites
Polymer Matrix Composites(PMC) Market Size, Share and Forecast By Key Players-He โฆ
๐๐๐, ๐๐๐ฐ ๐๐๐ซ๐ฌ๐๐ฒ- According to the MRI Team's Market Research Intellect, the global Polymer Matrix Composites(PMC) market is anticipated to grow at a compound annual growth rate (CAGR) of 9.59% between 2024 and 2031. The market is expected to grow to USDย 5.85ย Billion by 2024. The valuation is expected to reach USDย 11.1ย Billion by 2031.
The Polymer Matrix Composites (PMC) market is experiencing significant growth, driven by increasing demand from industries such asโฆ
Global Composites Core Materials Market Analysis 2020 3A Composites, BASF SE, Co โฆ
The Composites Core Materials market study exhibits a comprehensive analysis of the historic, current, and future trends across the globe. The report comprises of definitions, classifications, product specifications, and market overview, manufacturing processes, cost structures, and raw material analysis. The Composites Core Materials market report provides the end-to-end analysis of this business vertical, and the detailed information about the industry, such as the market size, revenue, volume, market share, growthโฆ
Worldwide Rail Composites Market 2023 Key Players โ Able Manufacturing & Assem โฆ
MarketStudyReport.com offers 2018 report on global Rail Composites market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2023.
This report focuses on the Rail Composites market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, typeโฆ
Composites Testing Market โ Overview On Upcoming Need 2025 | Matrix Composites โฆ
Global Composites Testing Market: Snapshot
Composite testing is most commonly defined as the testing or analysis of composite materials. Composite and non-metallic materials, such as concrete, fiber-reinforced polymers, thermoplastic composites, shape memory polymer composites, high strain composites, metal matrix composites, ceramic matrix composites, sandwich-structured composite, and wood plastic composite, are becoming increasingly prevalent in various manufacturing applications. Since these materials are highly complex in structure, the need for their accurate andโฆ
Construction Composites Market Comprehensive Study 2018: Trex Company, Diversifi โฆ
GMI presents a most up-to-date research on โConstruction Composites Market โ Global Industry Analysis, Size, Share, Product (Fiberglass, Composite Wood, Metal Composites), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE) and Forecast 2017 โ 2024โ.
Request for a sample copy of this report @
www.gminsights.com/request-sample/detail/2585
Construction Composites Market size is forecast to exceed USDโฆ
Construction Composites Market 2018 Global players Trex Company, Diversified Str โฆ
Growing construction activities in the emerging countries due to massive government investments to improve public infrastructure will boost the construction composites market size by 2025. For instance, in India USD 2.4 billion project is currently in progress to build the Navi Mumbai International Airport that started in March 2015 and is expected to be completed till 2019. Similarly, UAE has been making considerable investment in constructing ports which was valuedโฆ
