Forged Composite Market is Forecasted to Reach US$ 163 million in 2030, Says Stratview Research

The global Forged Composite Market is projected to witness a growth rate of 4.1% annually from 2024 to 2030, with an anticipated size of US$ 163 million in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Forged Composite Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3822/forged-composite-market.html#form

Report Highlights: `
Market Size in 2030: US$ 163 million
Growth (CAGR): 4.1% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Forged Composite Market:
The global Forged Composite Market is segmented resin type, End-Use Industry type, and region

Based on resin type: The market is segmented into epoxy composite, vinyl ester composite, polyurethane composite, bismaleimide (BMI) composite, phenolic composite, and other composites. Epoxy resin is expected to hold the largest share of the market during the forecast period. Epoxy resin is chemically balanced from a mechanical viewpoint since it exhibits high strength, stiffness, and bonding strength. It therefore becomes a material that can be applied universally in various applications in the forged composite market. For instance, epoxy resin strengthens the carbon fiber layers to make forged composite parts for automobiles, bicycles, and sporting equipment. Epoxy resins have strong adhesive properties, ensuring a secure bond with carbon fibers. This enhances the overall integrity and performance of the forged composite. Epoxy resins have a manageable curing process, which can be tailored to suit different manufacturing techniques, such as compression molding used in forged composites.

Based on end-user type: The market is segmented into automotive, sports, consumer goods, industrial, and aerospace. Automotive is anticipated to be the dominant end-user type of the market during the forecast period. The manufacturing process for forged composites allows for the creation of complex shapes and intricate designs that are difficult to achieve with traditional materials. In addition to that, the unique appearance of forged composites can be leveraged in both visible parts and interior designs, adding to the aesthetic value of the vehicle.

High-performance and luxury vehicle segments often lead the way in adopting advanced materials, and forged composites provide the necessary performance and aesthetic characteristics. Forged composites offer a high strength-to-weight ratio, allowing for enhanced vehicle performance without compromising safety. The durability and rigidity of forged composites make them ideal for structural parts, improving overall vehicle dynamics. The compression molding process used for forged composites is faster and more efficient than traditional methods, reducing production time and cost.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis Europe is likely to be the largest market during the forecast period. This growth outlook is majorly attributed to the following-
• Europe took the largest share of the said market for several reasons. The region's automotive and aerospace engineering industries have a record of innovation and experience in implementing forged composite products. This provided forged composite development and adoption with a solid base and knowledgeable workforce in Europe, meaning that this region became one of the leaders in this sphere. Secondly, forcible emissions regulation norms in Europe make using forged composites inevitable to reduce overall emissions, driving the overall market growth.
• Europe has a strong presence in the luxury automotive segment, which has been at the forefront of adopting advanced materials like forged composites for performance and aesthetic enhancements.
• Economic growth in countries like China and India has led to an expanding middle class with increased disposable income. This demographic drives demand for premium sports equipment and consumer goods incorporating advanced materials like forged composites.
• There is a growing interest in sports and fitness activities across Asia-Pacific, leading to a higher demand for high-quality sports equipment such as golf clubs, tennis rackets, and bicycles, which benefit from the lightweight and strong properties of forged composites.

Forged Composite Market Drivers:
The Forged Composite Market is driven by several key factors, including:
• Superior Strength and Lightweight Properties - Forged composite offers high strength-to-weight ratio, making it ideal for structural applications in industries like automotive and aerospace.
• Efficient Manufacturing Process - The high-pressure molding process allows for faster production compared to traditional carbon fiber layup techniques, reducing production time and costs.
• Multi-Directional Strength - The random orientation of short fiber pieces provides enhanced 3D strength compared to traditional woven composites, improving performance.
• Aesthetic Appeal - The unique marbled appearance of forged composite makes it desirable for luxury applications such as watches and high-end phone accessories.
• Corrosion Resistance and Durability - The non-corrosive nature of the material enhances its longevity, making it suitable for automotive and aerospace applications.

Top 10 Companies in the Forged Composite Market:
Stratview Research has identified the following companies as the top market players:
• Callaway Golf
• Forged Carbon (Tecalemit Group)
• Mansory Design & Holding GmbH
• Action Composites
• Innovative Composite Engineering Inc.
• Real Carbon Inc.
• Bulgari
• Modern Composites Ltd.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Forged Composite Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Vinyl Ester Resin Market: https://www.stratviewresearch.com/1505/vinyl-ester-resin-market-in-composites-industry.html
• Phenolic Resin Market: https://www.stratviewresearch.com/3587/phenolic-resin-market-for-wood-processing.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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