Press release
Composites Market Survey Detailed Analysis and Forecast 2024-2031
The Global Composites Market Size is valued at 125.69 billion in 2023 and is predicted to reach 221.47 billion by the year 2031 at a 7.37% CAGR during the forecast period for 2024-2031.
Get A Free Report Brochure: https://www.insightaceanalytic.com/request-sample/1646
Microscopic interactions between two or more chemically distinct phases of materials result in the formation of composites. Composites are classified into polymer, metal, ceramic, carbon, and graphite categories based on the matrix. It is suitable for various industries, such as aerospace, military and construction, due to its enhanced desired characteristics.
The increase in demand for lightweight components in the automotive and transportation sectors is the cause of this increase. In addition, it is anticipated that the utilization of innovative lightweight components will increase across all industrial sectors during the forecasted years, facilitating market expansion. The aerospace and defence industries employ composites due to their substantial reduction in the body weight of military aircraft and helicopters. The industry's development is anticipated to be primarily driven by weight reduction, which is crucial for improving overall performance and fuel economy.
List of Prominent Players in the Composites Market:
• Honeywell International Inc.
• Huntsman Corporation Llc
• Jushi Group Co., Ltd.
• Kineco Limited
• Mitsubishi Chemical Holdings Corporation (Japan)
• Momentive Performance Materials, Inc.
• Nippon Electrical Glass Co. Ltd. (Japan)
• BASF SE
• Binani Industries Ltd.
• China Jushi Co., Ltd.
• Compagnie De Saint-Gobain S.A
• Cytec Industries (Solvay, S.A.)
• Dowaksa
• Dupont
• Gaffco Ballistics
• Gurit Holding Ag
• Henkel Ag & Co. Kgaa
• Hexcel Corporation
• Hexion
• Owens Corning
• Ppg Industries, Inc.
• Renegade Materials Corporation
• Sgl Group
• Teijin Ltd
• Toray Industries, Inc.
• Trex Company, Inc.
• Upm Biocomposites
• Veplas Group
• Weyerhaeuser Company
Market Dynamics:
Drivers-
Additionally, it is anticipated that market revenue will be stimulated by increasing consumer awareness of the advantages of composites. Composite materials offer numerous benefits to the automotive, manufacturing, and sports industries due to their lightweight, corrosion-resistant, and highly robust nature compared to most metals and forests (which are used to produce high-quality sports equipment). Furthermore, it is anticipated that the expansion of market revenue will be positively impacted by government initiatives that aim to reduce Carbon Dioxide (CO2) emissions and promote sustainability. Governments and automobile manufacturers are investing in lightweight commercial vehicles to enhance fuel efficiency, decrease fuel costs, and mitigate environmental pollution. Many car manufacturers employ composite materials because of their exceptionally lightweight properties, enhancing vehicle fuel efficiency and promoting environmental sustainability.
Order this Premium Report: https://www.insightaceanalytic.com/buy-report/1646
Challenges:
Furthermore, it is anticipated that the consumer's awareness of the benefits of composites will increase, thereby stimulating market revenue. Compared to the majority of metals and forests, composite materials provide many advantages to the automotive, manufacturing, and sports industries. This is due to their lightweight, corrosion-resistant, and highly robust nature, which are utilized to produce high-quality sports equipment. Additionally, it is expected that government initiatives designed to reduce Carbon Dioxide (CO2) emissions and emphasize sustainability will benefit the growth of market revenue. Governments and automobile manufacturers are investing in lightweight commercial vehicles to reduce fuel costs, improve fuel efficiency, and reduce environmental pollution. Numerous automobile manufacturers utilize composite materials due to their remarkable lightweight characteristics, which improve fuel efficiency and encourage environmental sustainability.
Regional Trends:
The Asia Pacific composites market is anticipated to experience a substantial market share in revenue and to expand at a high CAGR in the near future. The region is one of the most profitable locations for manufacturers of automobiles, structures, aerospace, and electronics, as a result of the presence of significant manufacturers from significant economies such as China, India, and Japan. Additionally, the North American region possessed a significant market share. The primary factor fueling the demand for composites is the increasing demand for lightweight materials in the automobile industry in the United States. It is anticipated that the industry will experience development due to the consistent growth in the automotive and aerospace sectors and the rise in electrical and electronics capacity additions over the projection period.
Recent Developments:
• In February 2022, The initial product that Saertex produced in its new Mexico facility to advance its product line's expansion into the wind power industry was multiaxial glass fiber noncrimp fabrics.
• In June 2021, According to Hexcel Corporation, a global leader in advanced composites technology, the HexPly carbon fiber pre-preg was employed to construct the lightweight camera drone. A composite drone was constructed by a group of students from the University of Applied Sciences Upper Austria in Wels, who utilized components provided by the Austrian company Hexcel Neumarkt.
Get Specific Chapter/Information From The Report: https://www.insightaceanalytic.com/customisation/1646
Segmentation of Composites Market-
Composites Market By Resin Type
• Thermoset Composites
• Epoxy Resin
• Polyester Resin
• Vinyl Ester Resin
• Polyurethane Resin
• Others
• Thermoplastic Composites
• Polycarbonates (Pc)
• Polypropylene (Pp)
• Polyphenylene Sulfide (Pps)
• Polyetherimide (Pei)
• Polyamide (Pa)
• Others
Composites Market By Fiber Type
• Glass Fiber Composites
• Carbon Fiber Composites
• Natural Fiber Composites
• Other Fiber Composites
• Basalt Fiber Composites
• Aramid Fiber Composites
• Boron Fiber Composites
• Hybrid Fiber Composites
• Ultra-High-Molecular-Weight Polyethylene (Uhmwpe) Fiber Composites
Composites Market By Application
• Aerospace & Defense
• Civil
• Defense
• Wind Energy
• Automotive & Transportation
• Automotive
• Recreational Vehicles
• Bus, Trucks, And Other Heavy Vehicles
• Metros And Monorails
• Passenger Rails
• High-Speed And Bullet Trains
• Construction & Infrastructure
• Marine
• Powerboat
• Sailboat
• Cruise Ship
• Others
• Pipe & Tank
• Electrical & Electronics
• Others
• Industrial
• Healthcare
• Sporting Goods
Composites Market By Manufacturing Process
• Lay-up
• Filament Winding
• Injection Molding
• Pultrusion
• Compression Molding
• RTM
• Others
Composites Market By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Details insights on this market: https://www.insightaceanalytic.com/report/composites-market/1646
Corporate Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
Sales Office (U.S.) :
344 Grove St Unit #967 Jersey City, NJ 07302
email: info@insightaceanalytic.com
North America:
+1 551 226 6109
Asia:
+91 79 72967118
Contact Us:
info@insightaceanalytic.com
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
Twitter: https://twitter.com/InsightaceA
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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 Composites Market Survey Detailed Analysis and Forecast 2024-2031 here
News-ID: 3535674 • Views: …
More Releases from Insightace analytic
Digital Pathology Market Report- Expansive Coverage on the Profit Sources
InsightAce Analytic announces the release of a market assessment report on the "Global Digital Pathology Market Size, Share & Trends Analysis Report By Product (Artificial Intelligence, Scanner, Software, Storage), Type (Human, Veterinary), Application (Teleconsultation, Training, Disease Diagnosis, Drug Discovery), End User (Pharma, Academia, Hospitals)- Market Outlook And Industry Analysis 2031"
The global digital pathology market is estimated to reach over USD 2731.95 million by 2031, exhibiting a CAGR of 12.91%…
Digital Health Market Future Trends and Scope Analysis Report
Digital Health Market Size, Share & Trends Analysis Report By Technology (Tele-healthcare, mHealth, Healthcare Analytics, Digital Health Systems), By Component (Software, Hardware, Services), By Region, And Segment Forecasts, 2024-2031
"Digital Health Market" in terms of revenue was estimated to be worth $248.58 billion in 2023 and is poised to reach $1,004.03 billion by 2031, growing at a CAGR of 19.56% from 2023 to 2031, according to a new report by…
Digital Diabetes Management Market Report on the Untapped Growth Opportunities i …
InsightAce Analytic announces the release of a market assessment report on the "Global Digital Diabetes Management Market - (By Devices (Smart Glucose Meters, Continuous Glucose Monitoring Systems, And Smart Insulin Pens, Smart Insulin Pumps/ Closed-Loop Pumps & Smart Insulin Patches), Application (Diabetes & Blood Glucose Tracking Apps, Obesity & Diet Management Apps), Data Management Software & Platforms And Services), By Device Type (Handheld And Wearable Devices), By End-User(Self/Home Healthcare, Hospitals…
Data Center Liquid Cooling Market Exclusive Trends Analysis with Forecast to 203 …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Data Center Liquid Cooling Market Size, Share & Trends Analysis Report By End-User Industry (Financial Services And Insurance (BFSI), Banking, IT And Telecom, Government And Public Sector, Manufacturing, Healthcare, Retail), Data Center (Hyperscale, Colocation, Enterprise) And Solution (Indirect & Direct Cooling)- Market Outlook And Industry Analysis 2031"
The Global Data Center Liquid Cooling Market is estimated…
More Releases for Composite
Assured Composite® Presents the Best of Composite Decking
Assured Composite® ensures customer happiness by providing high-quality wood plastic composite decking, to consumers across the United Kingdom and beyond.
Leicestershire, England - UK | January 25, 2022 -- Customer satisfaction is ensured by Assured Composite®, which provides high-quality wood plastic composite decking, to customers in the United Kingdom and beyond. Because of their forward-thinking staff's attention to efficiency, quality, and customer service, customers can anticipate a hassle-free end-to-end solution at…
Global Wind Turbine Composite Materials Market, Global Wind Turbine Composite Ma …
The wind turbine composite material forms an important component of wind turbine for the production of turbine rotor blade. This composite material is made up of matrix & fiber to provide physical strength and distributes loads in composite. The matrix material acts as a binder and maintains spacing of the fiber material, therefore protecting the fiber from environmental & abrasion damage. The composite material manufactured from the fortification of matrix…
Composite Kitchen Sinks Market
Dulcimer Instruction Market
The Global Dulcimer Instruction Market 2019 Research Report incorporates a total and careful investigation of Dulcimer Instruction industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Dulcimer Instruction development patterns, assortment of uses, use volume, request and supply examination, creation limit and Dulcimer Instruction industry cost structures amid Forecast period from 2019 to 2025.
The report titled Global Dulcimer Instruction Market 2019…
Global Composite Springs Market 2018-2025 MW Industries, Liteflex LLC, IFC Compo …
Market study on Global Composite Springs Market 2018 Research Report presents a professional and complete analysis of Global Composite Springs Market on the current market situation.
Report provides a general overview of the Composite Springs industry 2018 including definitions, classifications, Composite Springs market analysis, a wide range of applications and Composite Springs industry chain structure. The 2018's report on Composite Springs industry offers the global Composite Springs development history,…
Competitive Scenario: Carbon Fiber Composite Market By Key Players: Aeron Compos …
Qyresearchreports include new market research report Carbon Fiber Composite to its huge collection of research reports.
This report studies the global Carbon Fiber Composite market status and forecast, categorizes the global Carbon Fiber Composite market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central &…
Aluminum Composite Panels Market Potential 2017-2025 : Alubond USA, Alcoa, and 3 …
Global Aluminum Composite Panels Market: Overview
The global aluminum composite panels market is foretold to achieve the spotlight due to increasing demand for the fire-resistant variety. As consumers become conscious about their personal and property’s safety, fire-resistant aluminum composite panels could gain more demand, especially because of the need for protection against fire in enclosed spaces such as buildings. Moreover, other attributes of regular aluminum composite panels are not said to…
