Chemical and Materials

Global Composite Materials Market Set to Grow with CAGR of 8.3% By 2026 With Leading Players trends and type

Global Composite Materials Market report provides complete background analysis of the Chemical and Material industry which includes an assessment of the parental market. By thinking from customer point of view, a team of researchers, analysts and industry experts work carefully to generate this Global Composite Materials Market research report. A high quality global market research is brought together for the success of your business at international level. Competitor analysis is one of the most important aspects of market research report which helps businesses decide upon the strategies by comparing them with the competitors. Besides, this Global Composite Materials Market research report makes clients aware about the various strategies that are used by key players of the market.

Global Composite Materials Market of which global composite materials market is a part of is expected to grow with a CAGR of 7.58% in the forecast period of 2019-2026. This is to result in a rise from its initial estimated value of USD 84.79 billion of 2018 to a projected value of USD 152.13 billion by 2026.

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Market Analysis: Global Composite Materials Market

Global Composite Materials Market of which global composite materials market is a part of is expected to grow with a CAGR of 7.58% in the forecast period of 2019-2026. This is to result in a rise from its initial estimated value of USD 84.79 billion of 2018 to a projected value of USD 152.13 billion by 2026.

Global composite materials market is expected to rise with a significant CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to the usage of composite materials in innovative production methods for the end-use products.

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Segmentation: Global Composite Materials Market

  • By Resin
  • Thermoset Resins
    • Epoxy
    • Polyester
    • Pheonolics
    • Polyimides
    • Cyanate Ester
    • Vinyl Ester
    • Others
      • Benzoxazines
      • Bismaleimides
    • Thermoplastic Resins
      • Polyetherketone (PEK)
      • Polyamide-imide (PAI)
      • Liquid Crystal Polymer (LCP)
      • Polyarylsulfone (PAS)
      • Polyetheretherketone (PEEK)
      • Polyetherimide (PEI)
      • Others
        • Polyethersulfone (PES)
        • Polyphenylene Sulfide (PPS)
      • By Fiber
        • Glass
        • Carbon
        • Aramid
        • Others
      • By Coatings
        • Surface Veil
        • Gel Coat
      • By Adhesives
        • Epoxies
        • Bismaleimide (BMI)
        • Cyanate Ester
        • Polyurethanes
        • Modified Acrylics
        • Silicones
      • By End-User
        • Construction
        • Transportation
        • Electronics & Electrical
        • Healthcare
        • Power Generation
        • Industrial
        • Aerospace & Defense
        • Marine
        • Others

 

Key Developments in the Market:

  • In September 2018, 3A Composites announced that they are transforming their composite materials brand to “3A Composites Core Materials”. The previous division name inclusive of all the brands for composite materials will be included in the revamped products division. The transformation is expected to help the company focus on a more sustainable future with environmental friendly materials.
  • In March 2018, Magna International Inc. announced the launch of a new composites center for excellence situated in Esslingen, Germany. The new facility will be able to provide automotive manufacturers superior lightweight composite materials that are environmentally friendly as well.
  • In February 2017, Koninklijke Ten Cate BV announced that they are set to launch advanced levels of composite materials at the JEC World 2017 held in Paris, France from March 14-16, 2017. The materials for use in Aerospace and high performance industrial applications will significantly increase the performances of the applicable products.

Competitive Analysis:

Global composite materials 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 composite materials market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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