Sports Composites Market worth 3.75 Billion USD by 2021
The report "Sports Composites Market by Resin Type, by Fiber Type (Carbon, Glass, and Other Fibers), by Application (Golf Stick, Rackets, Bicycle, Hockey Stick, Skis & Snowboards, and Others), and by Region - Global Forecasts to 2021", The global sports composites market is projected to reach USD 3.75 Billion by 2021, registering a CAGR of 5.59% between 2016 and 2021. The major factors fueling the growth of the sports composites market are increasing use of lightweight materials in sporting goods equipment and growing demand of composites from golf stick and racket application segments. Browse 76 market data Tables and 55 Figures spread through 130 Pages and in-depth TOC on "Sports Composites Market - Global Forecasts to 2021" Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=192733662 Early buyers will receive 10% customization on this report. Golf stick application is expected to drive the sports composites market Composites are being used to manufacture and produce golf club shafts and club heads as these materials offer lighter weight, a high tech image to a rather affluent market, and variety of design options that are not available with traditional steel material. The use of carbon fiber or boron fiber in the designing of golf shaft decreases the shaft mass, which allows the club designer to increase the head mass while still maintaining a low overall club mass. Providing a heavier club head while keeping a lower overall club mass helps the golfer to swing the club faster, resulting in increased carry distance. Thus, the innovation in the golf comprising lightweight shafts, oversized heads, and larger sweet spots have opened the game to broader group of players at numerous ability levels. Asia-Pacific is the key region for the sports composites market The Asia-Pacific region is expected to be the largest market for composites-based sporting goods due to the increased demand from skis & snowboards, golf stick, racket, and bicycle applications. In addition, easy availability of raw materials, low labor costs, growing manufacturing industries, new product developments, capacity expansions, and new plant establishments by various leading players are few factors leading to the growth of the sports composites market in this region. Request Sample @ http://www.marketsandmarkets.com/requestsample.asp?id=192733662 Carbon fiber: The largest fiber type for composite-based sporting goods Carbon fiber composites are lightweight and strong, therefore, used in a range of applications in the sports composites market. They are usually used for reduced weight and increased tensile strength, durability, impact absorption, resistance, and stiffness. In sporting goods applications, carbon fiber is used both in the form of textile and prepreg. The major application where carbon fiber is widely