Structural composites market projected to exceed $36.9 billion by 2026

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Structural Composites Market - Size, Share,
Trend Growth Forecast to 2026
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Global Market Scenario of Structural Composites
Industry

• In the recently compiled research report by
  Global Market Insights, Inc., structural
  composites market size has been projected to grow
  notably by 2026.
• Stakeholders expect structural composites to
  unravel substantial growth opportunities for
  composite materials in aerospace, infrastructure
  and automotive. With high mechanical properties,
  corrosion resistance, thermal conductivity and
  low weight making them ideal materials for a
  range of end-markets, leading companies are
  expected to step up their game to reap benefits
  from the composites.
• Rising prominence of carbon fiber in aircraft
  structure has solidified the formers position as
  the most prevalent classes of high-performance
  fibers demanded in composite production.
  PAN-based carbon fibers will be highly
  sought-after for the quality of the resulting
  fibers and to effect high-strength composites.
• Palpable trend for carbon fiber is mainly
  attributed to some of the innate upsides such as
  high temperature tolerance, high tensile
  strength, high chemical resistance, low thermal
  expansion, high stiffness, and low weight. Carbon
  fiber is expected to play a huge role across
  end-use applications with reinforcement material
  segment projected to expand at a CAGR of over
  4.5 through 2026.

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Continue-

• With a notable uptick in the popularity of
  structural composites market being witnessed in
  automotive, energy, construction and aerospace
  sectors, there are opportunities galore for both
  well-established and budding companies. For
  instance, energy sector has become a highly
  marketable end-use application leveraging the use
  of solar and wind power and boosting the
  efficiency of conventional energy suppliers.
• While investment in wood and metal composites is
  likely to surge, polymer matrix will expand more
  robustly. Prominently, polymer matrix is touted
  to hold a lions share, registering over 4/5th
  market share attributed to its expanding
  application range and low cost in end-markets.
• Going by the past trend, APAC and North America
  are expected to live up to the expectation and
  will be major destination hubs in the wake of
  thriving energy, automotive, and construction
  sectors. Meanwhile, stakeholders are expected to
  boost portfolio expansion in MEA as the region is
  replete with construction activities and building
  of skyscrapers. Robust business outlook in the
  region comes to light through a healthy CAGR
  projection of over 8 through 2026.

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360 Industry Analysis

• Revenue stream is slated to gain impetus from
  strong demand stemming from sports recreation
  space. Use of composites such as carbon fiber and
  fiberglass to manufacture highly sought-after
  protective sportswear and sports equipment. For
  instance, carbon fiber composites are being used
  in golf clubs to produce poles, thereby making
  them torsion resistant, flexible, light and firm.
• Structural composites market also being used
  tennis racket frames for stiffness and high
  strength. With soaring traction for carbon fibers
  in sports landscape, the other segment (sporting
  goods and piping applications) has been projected
  to expand at a steady growth rate of over 4
  through 2026.
•  

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• Competitive Analysis
• Hexcel Corporation, Hexion Inc., Teijin Limited,
  Solvay, Mitsubishi Chemical Holdings Corporation,
  Toray Group, Huntsman Corporation, Owens Corning,
  SGL Group, Janicki Industries, NORPLEX-MICARTA
  are some of the key players operating in the
  structural composites market.

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