Closed Molding Composites Market Comprehensive Analysis 2019 – 2026: Koninklijke Ten Cate bv., Core Molding Technologies, STRONGWELL CORPORATION, Huntsman International LLC., Gurit, Scott Bader Company

There are several recent developments, product launches, joint ventures, merges and accusations by the key market players and brands who will dominate the Closed Molding Composites Market and hence Chemical industry for the forecast years 2019 to 2026.

This report has all the company profiles for the top players and brands and along with that the report also contains a synopsis of market definition, classifications, applications and market trends, and the Closed Molding Composites Market drivers and restrains that are derived from a well know method called SWOT analysis.

Market Analysis: Global Closed Molding Composites Market
Global closed molding composites market is expected to rise from its initial estimated value of USD 53.65 billion in 2018 to an estimated value of USD 94.26 billion by 2026, registering a CAGR of 7.3% in the forecast period of 2019-2026. This rising trend of market value can be attributed to the rising demand from various applicable industries due to the increasing benefits like reduction of weight which improves the efficiency of products.

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Market Definition: Global Closed Molding Composites Market

Closed molding of composites is an automated heavy-set method of combining raw materials that are inserted into a closed mold or a vacuum bag that seals it off from the air. This method includes a number of different processes which are eco-friendly and help in reduction of emissions of volatile organic compounds. Due to the variety of applications of this method and benefits associated with the usage of materials formed from it, the market is expected to grow quite significantly.

Demand from Boeing for the production of aircraft is expected to positively impact the market growth as closed molding composite are used in more than 50% of the aircrafts, and with the increasing levels of production of aircrafts from boeing from 10-12 aircrafts per month in 2016. This rising levels of aircraft production is anticipated to reach 16 per month by 2019.

Market Drivers:

Eco-friendly production methods and reduction in harmful emissions in the environment is one of the major drivers for the market growth

Rise in demand from aerospace & defense industries is expected to drive the market growth

Market Restraints:

High installation & set-up costs associated with the market is expected to restrain the market growth

Fluctuation and high cost of raw materials required for the processing and production through this method is also expected to restrain the market growth

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Segmentation: Global Closed Molding Composites Market

• By Fiber Type
a. Glass Fiber Composites
b. Carbon Fiber Composites
i. Chopped Carbon Fiber
ii. Continuous Carbon Fiber
c. Other Fiber Composites
i. Aramid Fiber Composites
ii. Natural Fiber Composites

• By Material Type
1. Resins
2. Reinforcements
3. Additives & Fillers
4. Core Materials
5. Surface Finishes

• By Manufacturing Process
a. Vacuum Infusion & Bagging
b. Compression Molding
c. Injection Molding
i. Reaction Injection Molding
d. Reusable Bag Molding
e. Pultrusion
f. Resin Transfer Molding (RTM)
i. Light Resin Transfer Molding (LRTM)
ii. Vacuum Assisted Resin Transfer Molding (VARTM)
g. Others
i. Centrifugal Casting
ii. Continuous Lamination

• By Application
a. Transportation
i. Interiors
ii. Exteriors
b. Aerospace & Defense
i. Interiors
ii. Exteriors
c. Wind Energy
d. Electrical & Electronics
e. Construction
i. Industrial
ii. Housing
iii. Civil Engineering
f. Others
i. Marine
ii. Sporting Goods

• By Geography
1. North America
2. South America
3. Europe
4. Asia-Pacific
5. Middle East & Africa

Key Developments in the Market

In October 2018, Seeman Composites Inc. announced the acquisition of Material Sciences Corp, allowing for the company to expand its working portfolio and profile.

In January 2018, Core Molding Technologies announced the acquisition of Horizon Plastics International Inc. expanding its technology base and expanding its products and sales avenues.

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