Sports Composites Market worth $5.1 billion by 2026 | Key players Amer Sports (Finland), ALDILA, Inc. (US), Jarden Corporation (US), ProKennex (Taiwan), Fischer Sports GmbH (Austria).

According to recent market research the "Sports Composites Market by Resin Type (Epoxy, Polyamide, Polyurethane, Polypropylene) Fiber Type (Carbon, Glass), Application (Golf Sticks, Hockey Sticks, Rackets, Bicycles, Skis & Snowboards) and Region Global Forecast to 2026", is expected to grow from USD 4.1 billion in 2021 to USD 5.1 billion by 2026, at a CAGR of 4.8% during the forecast period. Composites in sports applications offer higher degree of strength and flexibility, reduced weight, and corrosion-resistant properties.

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The glass fiber segment accounts for the largest share in the sports composites market in terms of volume. Glass fiber composites are made by mixing glass fibers with a polymer matrix. These fibers are commonly used as a reinforcing element in composites. Owing to their superior attributes such as strength, flexibility, durability, stability, low weight, and resistance to heat, temperature, and moisture, glass fiber is used for various applications in the sports industry. Glass fiber is majorly utilized in skis & snowboards, hockey sticks, fishing rods, and others.

The epoxy resin type segment accounted for a larger share, in terms of value and volume, of the global sports composites market in 2020. The high share is attributed to the provision of increased efficiency, thereby reducing the overall weight of the equipment. In addition, it also provides better fatigue resistance, corrosion resistance, and improved quality for various applications such as golf clubs golf sticks, rackets, bicycles, hockey sticks, skis & snowboards, fishing rods, and others.

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The Asia Pacific region dominated the sports composites markets, in terms of value and volume and is projected to grow at the highest CAGR between 2021 and 2026. China & Taiwan are the leading manufacturers of sports composites goods in the Asia Pacific and worldwide. This growth can be attributed to the availability of raw materials and labor at reduced costs, especially in Greater China i.e., China, Hong Kong, Macau, and Taiwan. In addition, Japan is a major producer of carbon fiber composites, which is also one of the factors for the growth of the market in this region.

Amer Sports (Finland), ALDILA, Inc. (US), Jarden Corporation (US), ProKennex (Taiwan), Fischer Sports GmbH (Austria), Topkey Corporation (Taiwan), Rossignol (France), and others are the key players in the sports composites market. Some of the raw material suppliers have also been profiled in the report and include Toray industries Inc. (Japan), SGL Group (Germany), Teijin Limited (Japan), Hexcel Corporation (US), Hexion Inc. (US), and E. I. Du Pont De Nemours and Company (US). These players have adopted new product developments/launches, expansions, and agreements as the major strategies for enhancing their business revenues and market share.

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In October 2021, Finland-based Amer Sports, which owns the outdoor brands Salomon, Arc'teryx, and Atomic, proposed a USD 30 million upgrade to its warehouse and distribution center in the Business Depot Ogden, as part of an expansion plan which is expected to create up to 155 jobs over ten years. The upgrade is expected to take the form of interior renovations and the installation of new fixtures and equipment.

In January 2021, SGL Carbon, which is a graphite and carbon composites materials supplier, is launching a USD 4.5 million expansion project at its Arkadelphia, AR plant with a plan to increase its capacity for carbon composites. The expansion is expected to become operational by the end of the year. SGL Carbon operates 31 production facilities in Europe, Asia, and North America. This expansion is expected to boost the growth of the sports composites market.

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