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Opportunities for the global composite materials market to reach $39.1 billion by 2022 -USD 0

Publish Date: 19-06-2017 04:13:47 | Contact name: Lucintel LLC | Location: USA | 12 times displayed |





According to a new market report published by
Lucintel, the future of the global composites market looks attractive, with
opportunities in the transportation, construction, wind energy, pipe & tank,
marine, consumer goods, electrical and electronic, aerospace and others. The
global composite materials market is expected to reach an estimated $39.1
billion by 2022 and it is forecast to grow at a CAGR of 5.1% from 2017 to 2022.
The global composites end product market is expected to reach an estimated
$113.2 billion by 2022. The major drivers for growth in this market are increasing
demand for lightweight materials in the aerospace & defense and automotive
industry; corrosion and chemical resistance materials demand in construction
and pipe & tank industry; electrical resistivity and low flame retardant materials
demand in E&E industry.



In this market, transportation, construction, pipe
and tank, electrical and electronics, consumer goods and wind energy are the
major end use industries. On the basis of its comprehensive research, Lucintel
forecasts that the segments of aerospace and wind energy are expected to show
average growth during the forecast period from 2017 to 2022.



Within the global composites market, Injection
molding, hand layup, compression molding, spray up, filament winding, resin
infusion, and prepreg layup are some of the major processes utilized to
manufacture composites part. Injection molding is expected to be the largest
process in terms of value and volume in the composites manufacturing and
majorly used in transportation, consumer goods and electrical electronics
applications.



By fiber type, glass fiber, carbon fiber, and aramid
fiber are the major fibers utilized to manufacture composites parts for various
end use industries. Carbon fiber is expected to show above average growth
during the forecast period. Increasing penetration of carbon composites in commercial
aircraft and automotive are expected to spur growth for carbon fiber over the
forecast period from 2017 to 2022.



By resin type, thermoset and thermoplastic resins
are used to make composites parts. In thermoset, polyester composite is expected
to remain the largest market by value and volume consumption. In thermoplastic,
polypropylene (PP) is expected to remain the largest market by value and volume
consumption and majorly used in transportation, construction and consumer goods
applications.



Asia Pacific is expected to remain the largest
region by value and volume and is also expected to experience the highest
growth over the forecast period because of growth in construction,
transportation, and the electrical and electronics segments. The major drivers
for growth are increasing automotive production, high growth
in construction, and infrastructure development.



Emerging trends, which have a direct impact on
the dynamics of the industry, include development of low-cost carbon fibers, high
performance glass fiber and shorter cycle time of resin system.



Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities for the
global composites market and has come up with a comprehensive research report
entitled “Growth
Opportunities in the Global Composites Market 2017-2022
.” The Lucintel report serves as a catalyst
for growth strategy, as it provides a comprehensive data and analysis on
trends, key drivers, and directions.



The study includes a forecast for the global composites
market by application, fiber type, resin type, manufacturing process, molding
compound, country, and region, as follows:



By End Use Industry ($ Million and Million
Pounds)



·
Transportation



·
Marine



·
Wind Energy



·
Aerospace



·
Pipe & Tank



·
Construction



·
Electrical and Electronics



·
Consumer Goods



·
Others





By
Manufacturing Process ($ Million
and Million Pounds)



·
Hand Lay-up



·
Spray-up



·
Resin
Infusion (RRIM, RTM, VARTM)



·
Filament
Winding



·
Pultrusion



·
Injection
Molding



·
Compression
Molding



·
Prepreg
Lay-up



·
Other





By Molding Compounds ($ Million and Million
Pounds)



·
SMC



·
BMC



·
Thermoplastic Compounds ( SFT, LFT, GMT, CFT
and Other)





By Resin Type ($ Million and Million Pounds)



·
Polyester



·
Epoxy



·
Vinyl ester



·
Phenolic



·
Thermoplastics



By Fiber Type ($ Million and Million Pounds)



·
Glass fiber



·
Carbon fiber



·
Aramid fiber





By Fiber Glass Types ($ Million and Million
Pounds)



·
Single End Roving



·
Multi End Roving



·
Chopped Strands



·
Woven Roving



·
Fabrics



·
Chopped
Strand Mat



·
Continuous Filament
Mat



·
Others



By Carbon Fiber Types ($ Million and Million
Pounds)



·
PAN Based
Carbon Fiber



·
PITCH Based
Carbon Fiber





By region ($ Million and Million Pounds)



·
North America



·
Europe



·
Asia Pacific



·
ROW



By Country (Million Pounds)



·
USA



·
Canada



·
Mexico



·
Germany



·
UK



·
France



·
Italy



·
Spain



·
Netherland



·
China



·
India



·
Japan



·
South Korea



·
Brazil



·
Russia



This 383-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel offerings include advanced
materials reports
, composite
materials market report
, strategic
growth consulting
, market research due
diligence
and business
strategy consulting
.





About Lucintel



Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.



This report answers following 11 key
questions:



Q.
1. What are some of the most promising, high-growth segments in the global composites market
by application type (transportation,
marine, wind energy, aerospace, pipe & tank, construction, electrical &
electronics, consumer goods, and others), raw material (glass
fiber, carbon fiber, aramid fiber, polyester resin, vinyl ester, phenolic, polyurethane,
thermoplastic resin, filler, and others), fiber type (glass fiber composites, carbon
fiber composites, and aramid fiber composites), resin type (polyester
composites, epoxy composites, vinyl ester composites, phenolic composites,
other thermosets, and thermoplastic composites), by molding compound (SMC, BMC,
SFT, LFT, and other composites), and region (North America, Europe, APAC, and
ROW)?



Q.2.Which
segments will grow at a faster pace and why?



Q.3.Which
region will grow at a faster pace and why?



Q.4.What
are the key factors affecting market dynamics? What are the drivers,
challenges, and business risks in this market?



Q.5.What
are the business risks and competitive threats in this market?



Q.6.What
are the emerging trends in this market and the reasons behind them?



Q.7.What
are some of the changing demands of customers in the market?



Q.8.What
are the new developments in the market? Which companies are leading these
developments?



Q.9.
Who are the major players in this market? What strategic initiatives are key
players pursuing for business growth?



Q.10.What
are some of the competing products in this market and how big of a threat do
they pose for loss of market share by material or product substitution?



Q. 11.What M & A activity has occurred in the last 5
years?





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