Composites Market: Global Industry Analysis,Trends and Forecast 2025
According to the research report, the global composites market is expected to be worth US$ 101.88 bn by the end of 2025 from US$ 47.32 bn in 2016. Analysts state that the global composites market will progress at a CAGR of 8.9% during the forecast period. Out of the various products available in the global market, the polymer matrix composite is expected to hold a major share in the overall market. The report estimates that this product segment is anticipated to progress at a CAGR of 9.9% during the forecast period. From a geographic point of view, North America and Europe are expected to lead the global market as both the regions are slated to acquire similar shares in the near future.
This 206 page report gives readers a comprehensive overview of the Composites market. Browse Market Research Report @
Improved Structure of Composites and Greater Advantages Augment Demand
The demand for various types of composites has been on the rise due to increasing number of manufacturing activities across the globe. The soaring automotive production and increasing focus on reducing the weight of vehicles is expected to provide the global market a major boost. The dire need to bring out CO2 emissions has been driving the demand for composites in recent years as they offer several structural and weight advantages over conventional materials.
Implementation of several norms, rules, and regulations about carbon emissions has compelled automotive manufacturers to bring look for efficient materials to achieve fuel efficiency. This has had a positive influence on the demand for polymer-reinforced composites that provide terrific crash performance. Additionally they have better tensile strength, higher stiffness, and improved temperature tolerance. On the other hand, the global market also stands to benefit with the growth of the aerospace industry. With dynamic changes the industry, introduction of aerospace design and uptake of newer materials are expected to have a positive impact on the overall market.
Availability of Substitutes to Hamper Sale of Composites
On the flip side, the global composites market is likely to be hampered by the wide availability of substitutes is expected to hamper market growth. For instance, availability of TPOs, TPUs, engineered plastics, aluminum, and other alloys are expected to restrain the growth of global market in the coming years. Furthermore, the high cost of composites due to expensive nature of reinforcement and matrix is likely to hamper the overall market growth in the coming years.
Get accurate market forecast and analysis on the Composites market. Request a sample to stay abreast on the key trends impacting this market@
This review is based on Transparency Market Research’s report, titled “Composites Market (Product - Polymer Matrix Composite (Carbon Fiber Reinforced Plastic, Glass Fiber Reinforced Plastic, and Aramid Fiber Composites), Metal Matrix Composites, and Ceramic Matrix Composites; Technology - Pultrusion Process, Layup process, Filament Winding, Compression Molding, Injection Molding, Resin Transfer Molding, Automated Fiber Placement, and Automated Tape Laying; Application - Automotive & Transportation (Interior, Exterior, Power Train Components, Brake Pads, Chassis), Construction, Aerospace & Defense, Electrical & Electronics, Marine & Oil & Gas (Pipes and Top Side Application), Wind Energy, and Consumer Goods) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”
The report segments the global composites market into:
Composites Market – By Product Type
Polymer Matrix Composites
Carbon Fiber Reinforced Plastic
Glass Fiber Reinforced Plastic
Others (Aramid fiber composites, etc.)
Metal Matrix Composites
Ceramic Matrix Composites
Composites Market – By Technology
Resin Transfer Molding
Others (Automated fiber placement, automated tape laying, etc.)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Visit : http://depthresearchreport.blogspot.in/
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 Composites Market: Global Industry Analysis,Trends and Forecast 2025 here
News-ID: 600642 • Views: 261
More Releases from Transparency Market Research
Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals
More Releases for Composite
New & Enhanced Composite Decking from TimberTechUK
For those who know, composite decking offers both home and business owners alike a superior deck option for their outdoor spaces. Created using a combination of natural wood and synthetic materials, it combines all of the prowess of real wood decking with the extremely low-maintenance properties of plastic decking. Resulting in a flooring product that offers the best of both worlds with none of the drawbacks. The long, painful hours
Automotive Composite Suspension Component Market
The Automotive Composite Suspension Component Market report provides a detailed overview of the industry including both qualitative and quantitative information with detailed market segmentation by component, vehicle, process. The global automotive composite suspension component market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive composite suspension component market players and offers key trends and opportunities in
Global Tooling Composite Market Growth 2019-2024
The composite tools are made either from glass fiber or carbon fiber mixed with a suitable matrix (resin) such as epoxy, BMI, and others. The composite tools provide lightweight, dimensionally accurate, and affordable tooling. The increasing penetration of tooling composites in aerospace and other niche applications is the driving force of the global tooling composites market. Global tooling composite consumption and production market, by geography is segmented into Europe, USA, Japan
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 Plate Market
Composite Plate Market Research 2017 A market study ” Global Composite Plate Market ” examines the performance of the Composite Plate market 2017. It encloses an in-depth Research of the Composite Plate market state and the competitive landscape globally. This report analyzes the potential of Composite Plate market in the present and the future prospects from various angles in detail. The Global Composite Plate Market 2017 report includes Composite Plate market Revenue,
Global Composite Packaging Market 2016-2020
Researchmoz added Most up-to-date research on "Global Composite Packaging Market 2016-2020" to its huge collection of research reports. About Composite Packaging Paperboard composite cans are mainly used in the packaging of a wide range of food and beverages products, including snacks and instant beverages, soups and sauces. A paperboard composite can's end closures, one or both, are permanently affixed and have a convolute wound or spiral wound to form a rigid body.