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Composites Market To Reach USD 146.14 Billion By 2026


Market Summary

Rising demand for lightweight materials in defense, aerospace and automotive industries is a major factor influencing market growth.

Market Size – USD 88.44 Billion in 2018, Market Growth - CAGR of 6.2%, Market Trends – Growing applications in the automotive and transportation industry.


Market Summary Our Approach The global Composites market is expected to reach USD 146.14 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rising demand for lightweight materials in defense, aerospace and automotive industries.

Composites are lightweight when compared to most woods, metals, and alloys, which is an essential requirement for automobiles and aerospace industries since reducing the weight reduces the amount of fuel it needs and increases the speeds of the automobiles and aircraft. Furthermore, composites are also resistant to damage from weather, temperature changes, and harsh chemicals along with being non-corrosive. For instance, composites can be a good choice where chemicals are handled or stored.

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Market Summary Our Approach

Further key findings from the report suggest • The market is segmented on the basis of resin type into thermoset composites, thermoplastic composites and others. • Thermoset resin dominated the market, with a share of ~59% in 2018. • Thermoset composites are synthetic materials that get strengthened when heated without losing their plasticity, suitable for highly corrosive and high-temperature applications and are majorly used in construction & infrastructure, marine, aerospace and wind energy industries. • The market is segmented on the basis of product type into polymer matrix composite, metal matrix composites, and ceramic matrix composites. • Polymer matrix composite dominated the market in 2018 and is forecasted to witness a growth of 7.6% during the forecast period, due to the growth of glass and carbon fibers. • The market is segmented on the basis of process into pultrusion process, layup process, filament winding, compression molding, injection molding, resin transfer molding, automated fiber placement, and automated tape laying. To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/composites-market


Market Summary Our Approach Key participants include Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, SGL Group, Nippon Electric Glass Co. Ltd., Koninklijke Ten Cate BV, Huntsman International LLC., Solvay, Hexcel Corporation, Hexion, E. I. Du Pont Nemours & Co., Weyerhaeuser Company, Chongqing Polycomp International Corporation and Jushi Group Co., Ltd., among others.

For the purpose of this report, Reports and Data have segmented global Composites Market on the basis of resin type, product type, industry vertical, process, and region: Resin type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026) Thermosetting Composites Thermoplastic Composites Others Product type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026) Polymer Matrix Composites Carbon Fiber Reinforced Plastic Glass Fiber Reinforced Plastic Others (Aramid fiber composites, etc.)


Market Summary Our Approach Industry vertical Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026) Automotive & Transportation Aerospace & Defense Electrical & Electronics Wind Energy Construction & Infrastructure Pipes & Tanks Marine Others

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About OurUs Approach

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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Composites Market report 2019 potential growth, share, demand and forecast till 2026  

An extensive study of the product application and services conducted by subject matter experts assessing the market will help product owners...

Composites Market report 2019 potential growth, share, demand and forecast till 2026  

An extensive study of the product application and services conducted by subject matter experts assessing the market will help product owners...

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