Composites Market to Cross USD 161.68 billion by 2029, with CAGR of 7.9% from 2023-2029 | Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings

PRESS RELEASE
Published April 22, 2023

 

Composites
                                                         Composites

The careful efforts of professional forecasters, skilled analysts, and intelligent researchers have resulted in the creation of the Composites Market research study. Companies can better understand the different types of consumers, consumer demands and preferences, perspectives on the product, purchasing intentions, reactions to individual products that are already on the market. Thanks to the detailed and current information provided in this report. By dealing with a wide range of market analyses, product definition, market segmentation, important developments, and the current vendor landscape through 2029, the Composites Market Report offers a complete overview of the market.

Sample PDF Showcases the Content Structure and Qualitative and Quantitative Analysis @

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Market Overview (2023-2029):

Historical Market Size (2022): USD 81.56 billion in 2022

Forecast CAGR (2023-2029):  7.9%

Forecast Market Size (2029): USD 161.68 billion by 2029

Also, the vendor landscape and competitive scenarios of the Composites market are broadly analysed to help market players gain competitive advantage over their competitors. Readers are provided with detailed analysis of important competitive trends of the Composites market. Market players can use the analysis to prepare themselves for any future challenges well in advance. They will also be able to identify opportunities to attain a position of strength in the Composites market. Furthermore, the analysis will help them to effectively channelize their strategies, strengths, and resources to gain maximum advantage in the market.

Composite Material Market Recent Developments

  • In February 2022, Saertex began operations in its New Mexico plant with production of multiaxial glass fiber noncrimp fabrics, in order to improve the expansion of product line into wind power sector.
  • On March 2021 Alvant and 3M form a cooperation to enhance metal matrix composite technology for real-world use.

The aerospace industry’s growing need for CFRP will drive growth in the composites market.

Due to qualities like exceptional tensile strength, fatigue resistance, and enhanced modulus, carbon fibre reinforced polymers (CFRPs) are among the most well-liked goods on the global composites market. Because to its enhanced performance in challenging conditions, the CFRP has several applications in the production of aircraft and component parts. These composite materials are being embraced by the industry to address the demand for lighter, more fuel-efficient aircraft.

Competitive Assessment:

The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Composites market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.

Leading market players in the Composites market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Composites market is Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, SGL Group and others.

Composites Market Segmentation:

Global Composites Market by Fiber Type, 2023-2029, (USD Million) (Kilotons)

  • Glass Fiber Composites
  • Carbon Fiber Composites
  • Natural Fiber Composites

Global Composites Market by Resin Type, 2023-2029, (USD Million) (Kilotons)

  • Thermoset Composites
  • Thermoplastic Composites

Global Composites Market by Manufacturing Process, 2023-2029, (USD Million) (Kilotons)

  • Lay-Up Process
  • Filament Winding Process
  • Injection Molding Process
  • Pultrusion Process
  • Compression Molding Process
  • Resin Transfer Molding (Rtm) Process
  • Other

Global Composites Market By End-Use Industry, 2023-2029, (USD Million) (Kilotons)

  • Transportation
  • Aerospace & Defense
  • Wind Energy
  • Construction & Infrastructure
  • Pipe & Tank
  • Marine
  • Electrical & Electronics
  • Others

Regions included in the report Composites Market:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
  • South America (Colombia, Brazil, Argentina, Rest of South America)
  • Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Read Detailed Index of Full Research Study @

https://exactitudeconsultancy.com/reports/8920/composites-market/?mode=P166

Highlight the Following Key Factors:

  • Business description: a detailed description of company operations and business departments.
  • Company strategy: The analyst’s summary of the company’s business strategy.
  • SWOT analysis: Detailed analysis of the company’s strengths, weaknesses, opportunities, and threats.
  • Company History: The progress of major events related to the company.
  • Main products and services: A list of the company’s main products, services, and brands.
  • Main competitors: A list of the company’s main competitors.
  • Important locations and subsidiaries: The company’s main locations and subsidiaries’ list and contact information.
  • Detailed financial ratios of the past five years: The latest financial ratios come from the annual financial statements issued by companies with a history of five years.

What this report provides?

▶ GTM (Go-to-Market) strategy

▶ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer)

▶ Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status

▶ Recent market developments and it’s futuristic growth opportunities

▶ Customized regional/country reports as per request

Why Choose Exactitude Consultancy?

Reliable Method: To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support: For complete satisfaction of our customers

Targeted Market View: Targeted market view to provide pertinent information and save time of readers

Agile Approach: A faster and efficient way to cater to the needs with continuous iteration

Customization: On-demand customization of scope of the report to exactly meet your needs

Key Points from TOC:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Composites Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Global Statistics — Key Countries
    • New Product Launches
    • Pipeline Analysis
    • Regulatory Scenario — Key Countries
    • Recent Industry Developments — Partnerships, Mergers and Acquisitions
  5. Global Market Analysis, Insights and Forecast
  6. Key Findings/ Summary
    • Composites Market Analysis — By Product Type
    • Market Analysis — By Distribution Channel
    • Market Analysis — By Countries/Sub-regions
  7. Competitive Analysis
    • Key Industry Developments
    • Global Composites Market Share Analysis
    • Competition Dashboard
    • Comparative Analysis — Major Players
  8. Company Profiles
    • Overview
    • Products and Services
    • SWOT Analysis
    • Recent developments
    • Major Investments
    • Regional Market Size and Demand
  9. Strategic Recommendations

TOC Continued……………….

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