Press release
Revolutionizing Composite Materials: From Basics to High-Performance Solutions
The market for composite materials has gone through a remarkable transformation over the last few years. In the past, these materials were made using basic natural fibers and binders, which limited their performance due to a lack of chemical involvement. Today, however, advancements in chemical science have revolutionized the way of manufacturing high-performance composites which are tailored to meet specific industrial requirements. Chemicals now have a crucial role throughout the process of composite manufacturing. These chemicals influence everything from the choice of resins and reinforcements to the use of innovative additives, curing agents, and surface treatments. Due to this, we have been witnessing significant improvements in both the mechanical and thermal properties of composites, as well as an expansion of their applications across various industries, including aerospace, automotive, construction, and renewable energy.The global market for composites is expected to reach about $47 billion by the end of 2025, the chemicals like resins and reinforcements involved in the manufacturing process of composites are becoming increasingly significant. According to JEC in 2022, the value of composites going to different end use industry was estimated to be $105 Billion. The key chemicals in manufacturing of composites include epoxy, polyester, polypropylene, PEEK, calcium carbonate, silica, amines, peroxides, anhydrides, carbon black and others.
The key manufacturers of Composites include Syensqo, Teijin Limited, Hexcel Group, Toray Industries, Gurit Holdings & TPI Composites.
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Here is a closer look at how each of these chemicals contribute to manufacturing of Composites:
Resin Matrix (Polymers)
This resin matrix acts as a binder and holds the different components of a composite together, transferring stress between reinforcing fibers and protecting them from damage. These matrices are of two types namely thermosetting (Epoxy, polyester, vinyl ester, and phenolic resins) and thermoplastics (Polypropylene (PP), polyamide (PA), PEEK.
Reinforcement Materials
Reinforcement materials are used along with the resins to provide additional strength and stiffness to the composite structure. Glass fibers, carbon fibers, aramid fibers, natural fibers are some commonly used reinforcement materials.
Additives and Fillers
Additives and fillers are used to modify or enhance the properties of the composites like durability, appearance, and weight. Examples of which are listed below
Fillers: Calcium carbonate, silica, talc, and alumina trihydrate.
Additives: UV stabilizers, flame retardants, and antioxidants.
PriceWatch Analysis: The Composites market is expected to grow from USD 44.3 billion in 2024 to USD 76.8 billion by the end of 2034, reflecting a strong expansion driven by several key factors like, the composites outperform the other traditional materials, the likes of metal and wood, via superior strength-to-weight ratio, corrosion resistance, and design flexibility. They are easily adopted in industries such as aerospace, automotive, wind energy and construction to improve fuel efficiency, structural durability, and sustainability. Environmental regulations that are stringent as well as the need for lightweight and fuel-efficient vehicles has fueled the use of carbon fiber and polymer-based composites in transportation.
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