openPR Logo
Press release

Composite Materials Market: rise in demand for automotive industry by 2020

10-18-2016 11:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IndustryARC

Composite Materials Market

Composite Materials Market

Lightweight and yet strong, is the main reason for the high popularity of Composite Materials. Demand for advanced composite materials is noted across numerous industries which has led to the success of the composite materials market. Composite Construction Materials, Metal and Ceramic Composites and Reinforced Plastics like FRPs are the most commonly manufactured composite materials in the market. This trend of composite manufacturing especially for carbon fibre is projected to continue growing.

A composite material is basically a material made from two or more constituent materials with significantly different physical or chemical properties that, when combined, produce a material with characteristics different from the individual components. Owing to characteristics like stronger, lighter, or less expensive when compared to traditional materials, composite supplies will only progress in terms of both quality and quantity in the future.

Quantitative Analysis of Composite Materials Market by IndustryARC:
The global market is expected to touch and cross $35 Billion market by end of 2020 with CAGR growth rate of around 7% during the next 6 years.
The GFRP composites by raw material type are projected to grow at a CAGR of 7.1% through 2014-2020. Within the aerospace market segment, demand for composite materials was noted to have grown by 10.7% in 2014. Also, the demand in the U.S Composites Market is slated to grow at a CAGR of 6.6% and to be $12 Billion by 2020.
Geographical Brief of the Market:
 Asia Pacific has emerged as the leading region, and will further lead the market with a contribution of 50%, followed by North America with a share of 29% in volume by 2020.
 APAC and North America were noted to be the dominating regions in 2013 accounting for almost 67% of the overall market (APAC held 50% and North America owned the rest of the share.)

More info @

Applications and Segments Outlook of the Composite Materials Market:
Having spread across a variety of applications, composite materials are most widely used in the construction and transportation sectors. Among the flourishing segments, aircraft models is projected to be the leading type in the coming few years according to IndustryARC. Increased production of advanced aircraft models will act as a primary driver for the overall growth in the demand and supply of aircraft composite materials.
Out of all the advanced composites, carbon fiber composite i.e. Carbon Fibre Reinforced Polymers are largest section costing to nearly 90% of the total composite materials market. The trend is expected to grow at healthy CAGRs in the years of forecast. The overall composites manufacturing is sure set to grow.
IndustryARC suggested that in 2014, the top three market segments in 2014 were Transportation, Construction and Pipe and Tank which together represented a huge 69% of the total volume in the market out of which the Pipe and Tank Segment grew by 5.2% in the same year.

Segmentation Insights:
The Composite Materials Market is broadly classified into 5 types based on certain factors like:
1. By Type: FRP Composites (Fiber Reinforcement Polymers), Matrices, Resins and Others.
2. By Method: Open and Closed Molding.
3. By Application: Aerospace, Wind Energy, Automotive, Construction and Others.
4. By Form: Fiber Tow, Unidirectional Tape and Cloth.
5. By Geography: Americas, Europe, APAC and ROW.

Top Vendors of Composite Materials Market:
Carbon fiber manufacturing has risen swiftly in the past sometime which will enhance the overall market sales. This report on Composite Materials Market includes more than 40 industries studied in depth with few mentioned below.
• Arkema, Inc
• Owens Corning
• Cytec
• Grafil
• Huntsman Corporation
• DIAB International

Avail Sample Brochure @

About IndustryARC:
IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Media Contact
Contact Person: Sanjay Matthews
Phone: 1-614-588-8538 (Ext: 101)
Company Name: IndustryARC
Connect with us on LinkedIn @
Get More Insights on Reports @

Plot No. S-1, Serial No. 1043 & 1048,
Phase -1 & 2, Opp. BSNL Office,
KPHB, Kukatpally,
Hyderabad, Telangana 500072

This release was published on openPR.

Permanent link to this press release:

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 Composite Materials Market: rise in demand for automotive industry by 2020 here

News-ID: 373501 • Views: 699

More Releases from IndustryARC

Hub Motor Market - Industry Analysis, Market Size, Share, Trends, Application An …
Automotive Hub Motor Market is forecast to reach $13.8 billion by 2025 growing at a CAGR of 7.2% during 2020-2025. Increased demand for electric vehicles, stringent government rules for reducing fossil fuel vehicles are expected to accelerate the Hub Motor Market during forecast period. For instance, countries like India and China planning to ban fossil fuel vehicles by 2030 and hence the demand for electric vehicles are likely to be
Genomics Market Expanding with Technological Drive of Pharmaceutical Companies
Genomics Market: Demand Analysis and Growth Forecast According to a recent business publication by IndustryARC titled “Genomics Market: By Product Types (Microarray chip, Sequencers, Others); By Services (Bioinformatics, Laboratory, Others); By Technique (PCR, Electrophoresis, others); By Application (Genotyping, SNP analysis, others); (By End-User (Anthropology, Diagnostics, Others); By Geography – Forecast (2019-2025),” there were opportunities worth $16.0 billion to 16.5 billion as of 2018, and the analyst estimates the demand to grow
Adjuvants Market Analysis Trends and Outlook 2018-2023
According to the new market research report by IndustryARC titled “Adjuvants Market Analysis: By Application (Agrochemicals (Insecticides, Fungicides, Herbicides, and Fertilizers), Surfactants, Pharmaceuticals and Others); and By Geography – Forecast (2018 - 2023)”, the market is estimated to witness high growth throughout the forecast period due to the increasing demand for Adjuvants from agricultural and pharmaceuticals industry. Asia-Pacific Will Continue to Lead the Market Share and Growth During 2018-2023. Asia-Pacific is leading
Augmented Reality and Virtual Market is anticipated to hit $1.4 Billion by 2023 …
According to the new market research report by IndustryARC titled “Augmented Reality and Virtual Reality in Healthcare Market: By Type (Augmented & Virtual Reality); By End-User (Surgical & Rehabilitation, Training, 3D Operation Room Simulations, Simulations, Diagnostics, Virtual Reality Exposure Therapy) - By Geography – With Forecast (2018- 2023)”, the market is influenced by the large demands from emerging economies such as India and China, due to increasing investments in these

All 5 Releases

More Releases for Composite

New commercial strategy for Windform® composite materials
The Windform® materials in the worldwide selection of powders for Additive Manufacturing are esteemed as top-level in outstanding performance and mechanical properties. The aim of CRP Technology is to ensure the highest quality in the manufacture of 3D printed components in Windform®. This has characterized the modus operandi of CRP Technology for over 20 years. For this reason, the company has revised its commercial policy: Windform® composite materials will no longer be
Global Composite Switches Market Insights, Forecast 2025
This report presents the worldwide Composite Switches market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Get sample copy of report: Table of Contents 1 Study Coverage
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
Composite Repairs Market SWOT Overview 2025
Global Composite Repairs Market: Snapshot In the recent times, many governments across the world have emphasized on the conservation of monuments and old structures, which has led to a significant increase in investments in the rehabilitation of old constructions. This, consequently, is fueling the demand for composite repairs, worldwide. Commonly, composite repairs are performed on damaged parts of automotive panels, aircraft, hull and deck of boat, wind blades, bridges, panels used
Optaglio focuses on composite identity cards
Optaglio, the global leader in high-resolution security holograms, launched Optaglio OVConnect product for seamless integration of holograms into composite ID cards. This innovation complements unique patented solution for polycarbonate, OVMesh. “Our consultants are sometimes asked what is more suitable, polycarbonate or composite. It depends on the particular situation. A lot of factors play their role, but it seems that lifecycle is the key. If you can change cards each - let
Global Composite Structural Repairs Market Highlights 2022
Qyresearchreports include new market research report "Global Composite Structural Repairs Market Size,Status and Forecast 2025" to its huge collection of research reports. The global market for Composite Structural Repairs has been witnessing a transitional phase. With a highlight on these changes, this research study presents an in-depth analysis of the worldwide Composite Structural Repairs market during the period from 2018 to 2023. The market report provides a comprehensive picture of the latest