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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.
Key Market Competitors: Global Closed Molding Composites Market
Few of the major competitors currently working in the closed molding composites market are-Koninklijke Ten Cate bv., Core Molding Technologies, STRONGWELL CORPORATION, Huntsman International LLC., Gurit, Scott Bader Company Ltd., TEIJIN LIMITED., A. Schulman Inc., MENZOLIT, GKN Aerospace, Polynt, Exel Group World Wide, SAERTEX GmbH & Co. KG, Chomarat, Molded Plastic Industries Inc., KraussMaffei Group, Seemann Composites Inc., and New Boston RTM.
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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.
Points to focus in the report
- The report offers market share appraisals for regional and global levels
- To gain detailed overview of parent market
- Information about key drivers, restraints, opportunities, and their impact analysis on the market size has been provided.
- The study provides an in-depth analysis of the global order management software market and current & future trends to elucidate imminent investment pockets.
- Analyze and forecast market on the basis of type, function and application.
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
Segmentation: Global Closed Molding Composites Market
By Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Other Fiber Composites), Material Type (Resins, Reinforcements, Additives & Fillers, Core Materials, Surface Finishes), Manufacturing Process (Vacuum Infusion & Bagging, Compression Molding, Injection Molding, Reusable Bag Molding, Injection Molding, Pultrusion, Resin Transfer Molding, Others), Application (Transportation, Aerospace & Defense, Wind Energy, Electrical & Electronics, Construction, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Competitive Analysis: Global Closed Molding Composites Market
Global closed molding composites market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of closed molding composites market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key Market players involved in this industry
Detailed analysis of the Market Segmentation
Competitive analysis of the key players involved
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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