Composite Market report for 2025 – Companies, applications, products and more

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Composite Market to Witness A Phenomenal Growth
over 2018 to 2025
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Global Market Scenario of Composite Industry

• Population growth attracts huge investments in
  the infrastructure, automobile, energy and
  aerospace and defence sector which will drive the
  Composite Market size in the forecast timeframe.
• Product possesses properties like high strength
  to weight ratio, high fatigue resistance,
  resistance to chemicals, thermal insulating
  properties, high impact strength which makes it
  suitable for the above-mentioned industries.
• Global Composite Market size is witnessing a
  decent growth and is expected to follow the trend
  over the forecast spell. The major application of
  the composites is in the industries such as
  aerospace and defence, infrastructure,
  automobile, energy, pipe, and tank marine.
• Composites are widely used in defence and
  aerospace sector for manufacturing aircraft,
  helicopter, spacecraft structural parts, personal
  armours, light weight bullet proof jackets,
  ballistic barriers, riot gears, etc. Improving
  economic conditions across the world and
  instability in some regions are the factors for
  the increase in defence spending.
• U.S. is one of the top suppliers of military
  aircraft, leader in manufacturing civil airplanes
  spacecrafts the value of exports by U.S. in
  the aerospace sector is 146.0 billion in 2017.

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• Product Analysis-
• Based on the fibre type Composite Market size can
  be segmented into carbon fibres, fiberglass,
  aramid fiber others. Carbon fibres have
  excellent tensile strength and resistance to
  temperatures, these mentioned properties make it
  desirable for the application in the aerospace
  and defence sector. On the other hand, fiberglass
  is nonconductive but not strong as carbon fibre
  making it suitable for the broadcast and
  transmission application.
• Based on the resin type the Composite Market size
  is classified into thermoplastics, thermosetting
  others these are polymers used in fibre
  reinforced composites. Thermoplastic composites
  have low density, good toughness strength and
  ability to remoulded. Thermoset composites are
  light in weight and have corrosion resistance
  making it suitable for the application in the
  marine, material handling, automobile aerospace
  industry verticals.
• Regional Trends-
• Asia Pacific constituted a major chunk of the
  overall Composite Market share in 2017. This is
  mainly attributed to strong product demand from
  aerospace defence, infrastructure and
  automobile sector.
• Asia Pacific witnessed the largest infrastructure
  spending which was valued approximately over USD
  40.0 billion i.e. 59 of the global
  infrastructure spending in 2017. Product is
  extensively used in infrastructure industry for
  retrofitting of structure and as reinforcing
  materials in repair. FRP (Fibre Reinforced
  Plastic) are now used in bridge decks.

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Market Research Reports Key Analytical Components
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• Competitive Trends
• Some of the Composite Market share players are
  SGL Group, Hexcel Corporation, Huntsman
  Corporation, Tensar International Corporation,
  Toray Industries, Inc., Tenjin Limited, Owens
  Corning, Jushi Group, Oray Industries Inc.,
  Kononklijke Ten cate.
• The global Composite Market is highly fragmented
  with the presence of large number of player.
  Threat of new entrants in market is medium as it
  requires technical expertise and high cost of raw
  material which signifies high initial
  investments.
• Companies are investing to tap the regional
  markets by adopting organic growth strategies of
  expansions and agreements. For instance, Toray
  industries Inc. has announced the opening of
  their subsidiary in India they are positioning
  it as a base for their advanced material
  business as they will have the capability to tap
  the South Asia market.

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