Dublin, June 28, 2018 (GLOBE NEWSWIRE) -- The "Growth Opportunities in the Global Composites Industry " report has been added to ResearchAndMarkets.com's offering.
The global composite materials market is expected to reach an estimated $38 billion by 2023 and it is forecast to grow at a CAGR of 4.1% from 2018 to 2023. The global composites end product market is expected to reach an estimated $107.4 billion by 2023.
The major drivers for growth in this market are increasing demand for lightweight materials in the aerospace & defense and automotive industry; corrosion and chemical resistance materials demand in construction and pipe & tank industry; electrical resistivity and high flame retardant materials demand in electrical and electronics industry. Emerging trends, which have a direct impact on the dynamics of the composites industry, include development of low-cost carbon fibers, high performance glass fiber, and rapid cure resin system.
On the basis of its comprehensive research, it is forecast that the aerospace and wind energy segments are expected to show average growth during the forecast period from 2018 to 2023. Within the global composites market, injection molding, hand layup, compression molding, spray up, filament winding, resin infusion, and prepreg layup are some of the major processes utilized to manufacture composite parts. Injection molding is expected to be the largest process in terms of value and volume in composite manufacturing because of high-output production rate, low labor cost, and design flexibility. Asia Pacific is expected to remain the largest region by value and volume; this region is also expected to experience the highest growth over the forecast period because of growth in construction, transportation, and the electrical and electronics segments. The major drivers for growth are increasing automotive production, high growth in construction, and infrastructure development.
Features within the report:
- Market size and growth rates of the global composites market
- Composites and competing material markets (steel, aluminium, plastic, composites) in terms of volume
- Market size estimates of glass fiber and by type of product form
- Market size estimates of global carbon fiber market by tow size as well as by pan and pitch type in terms of volume and value
- Market for fiber type (glass composites, carbon composites, aramid composites)
- Analysis of the global composites industry size in terms of value and volume
- Trends (2012-2017) and forecast (2018-2023) for the global composites industry in terms of value and volume by region, such as North America, Europe, Asia Pacific, and RoW
- Global composites industry trends (2012-2017) and forecast (2018-2023) in terms of value and volume by application, such as Transportation, Marine, Wind energy, Aerospace, Pipe and tank, Construction, Electrical & Electronics, Consumer goods, and Others
- Market size estimates for reinforcements and resins
- Market size estimates for global commodity composites and advanced composites
- Market size estimates of global composites by molding compound
- Market breakdown by applications and key regions of North America, Europe, Asia Pacific, and the Rest of the World
- Market size estimates of global composites by end product market for 2017 and 2023
- Composites market by country, including China, India, the US, and Germany
- Competitive analysis of steel, aluminum, plastics and the composites industries
- Market breakdown by manufacturing technology, manufacturing process, market segment, and material type
- Thermoset and thermoplastic composites market size
- Market outlook and global trends in automotive, marine, construction, aerospace and other important market segments with the needs and challenges of each
- Value chain analysis: Dollar and gross profit flow through various nodes of the value chain (from raw material to final application)
- Company profiles of material and end product manufacturers
- Current innovations in the global composites industry
Key Topics Covered 1. Executive Summary 2. About the Composites Industry 2.1: What is the Composites Industry? 2.2: Characteristics of the Composites Industry 3. Competitive Analysis of the Steel, Aluminum, Plastics, and Composites Industries 3.1: Competitive Analysis 3.2: Plastics Industry Overview 3.3: Steel Industry Overview 3.4: Aluminum Industry Overview 3.5: Composites Industry Overview 4. Global Reinforcement Market 4.1: Functions of Fibers and Resin Materials in Composites 4.2: Global Composites Market by Fiber Type 4.3: Global Market Size for Reinforcements 4.3.1: Glass Fiber Market Size by Product Form 4.3.2: Aramid Fiber Market 4.4: Market Leaders 4.4.1: Glass Fiber Market Leaders 4.4.2: Carbon Fiber Market Leaders 4.4.3: Aramid Fiber Market Leaders 5. Global Resin Market 5.1: Types of Resin 5.1.1: Thermoset Resins for the Composites Industry 5.2: Price and Weight Distribution of Various Ingredients in Composites 5.2.1: Polyester Resin Applications 5.3: Resin Market 6. Global Composites Market by Material Type 6.1: Advanced Composites Market 6.2: Raw Materials Market 6.3: Thermoset and Thermoplastic Composites Market 6.4: Thermoplastic Composites Market by Product Form 6.4.1: LFRT or LFT (Long Fiber Thermoplastic Composites) 6.4.2: GMT 6.4.3: Continuous Fiber TPCs 6.5: Composites Market by Molding Compounds 7. Global Composites by Market Segment 7.1: Global Composites Market by Segment 7.2: Driving Forces for the Use of Composite Materials 7.3: Key Requirements in Various Market Segments 7.4: Transportation Industry Market Outlook and Trends 7.4.1: Automotive Industry Challenges 7.5: Market Outlook and Trends for the Aerospace and Defense Industry 7.6: Market Outlook and Trends for the Construction Industry 7.6.1: Composites in Bridge Applications 7.6.2: Challenges in Bridge Applications 7.6.3: Non-Bridge Applications 7.7: Pipe and Tank Industry Analysis 7.8: Marine Market Outlook and Industry Trends 7.9: Consumer Goods Market Outlook and Industry Trends 7.10: Electrical and Electronic Industry Outlook 7.11: Wind Energy 8. Global Composites Market by Manufacturing Process 8.1: Global Composites Market by Manufacturing Process 9. Trends and Forecast 9.1: Industry Challenges in Recent Years 9.1.1: Energy Cost Squeeze 9.1.2: Challenges of the Glass Fiber Industry 9.1.3: Relative Safety 9.1.4: Challenge to Fabricators 9.2: Trends in Global the Composites Industry 9.2.1: Market Trends by Region 9.2.1.1: Market Trends by Application 9.3: Trends in North American Composites Industry 9.4: Trends in the European Composites Industry 9.5: Trends in the Asian Composites Industry 9.6: Composites Industry Forecast 9.7: Forecast for the North American Composites Industry 9.8: Forecast for the European Composites Industry 9.9: Forecast for the Asian Composites Industry 9.10: Forecast for Composite Manufacturing Processes 10. Regional Analysis 10.1: Composite Shipments by Region 10.2: Composite Consumption by Country 10.2.1: Shipments in North American Countries 10.2.2: Shipments in European Countries 10.2.2.1: Shipments in Asia Pacific Countries 10.3: Composite Applications by Region 10.3.1: Composite Markets in North America 10.3.2: Composite Markets in Europe 10.3.3: Composite Markets in Asia Pacific 11. Value Chain Analysis and Industry Leaders 11.1: Value Chain Analysis 11.2: Industry Leaders 11.2.1: Industry Leaders in Material Supplier Category 11.2.2: Leaders in End Use Markets 12. Material and Technology Needs for the Future Composites Industry 12.1: Need for Low-Cost Raw Materials 12.2: Resins and Fiber Materials with Higher Strain to Failure 12.3: Better UV and Chemical Resistant Materials 12.4: Low-Cost Manufacturing Process for Large and Small Parts 12.5: Need for High Temperature Composite Materials 12.6: Low Shrinkage Materials 12.7: Composite Materials with improved Wear and Tear Resistance 12.8: Damping and Noise Resistance Materials 12.9: Optimal Resin and Additive Systems for Closed Molding Operations 12.10: Products Manufacturability and Affordability 12.11: Flexible Gelcoats 12.12: Flame Resistant Materials 12.13: Self-Healing Materials 12.14: Manufacturing Process with Lower Processing Time 12.15: Flexible Honeycomb Core 12.16: Fabric Wrinkling Resistance 12.17: Method of Cutting Wet Prepregs 12.18: Need for Moisture Resistant Honeycomb Cores 12.19: Fast Cure Epoxy Resin 13. Innovations in the Composites Industry 13.1: Gurit's Balsaflex Lite for Wind Blades 13.2: Gurit's Ampreg 30 Laminating System 13.3: Polynt Composites: low-styrene content (lsc) unsaturated polyester resins 13.4: Novel Water-Insensitive Curing Systems for Bio-Fiber Reinforced Composites 13.5: New High Tensile Carbon Fiber 13.6: New Meta-Aramid Fiber 13.7: New Composite Toughening System 13.8: New Black Para-Aramid Fiber 13.9: PulStrand 4100 Roving 13.10: New Thermoplastic Textile Prepreg Flame-Retardant, High-Modulus 13.11: Novel Nonwovens to Increase Composite Functionality 13.12: Advalite - Resins for Composite Applications 13.13: Owens Corning's Performax Roving 13.14: Johns Manville's ThermoFlow 636, a New Chopped Strand Glass Fiber 13.15: Dow Introduced New Polyurethane Series VORAFORCE TW 1100 13.16: Cytec Industrial Materials' New Prepreg MTM 23 for Automotive 13.17: Momentive's EPIKOTE Binder System 620 for Automotive 13.18: New Two Part Epoxy Resin System by Cytec 13.19: Cytec Industries' Vinyl Ester Prepreg for Automotive 13.20: Hexcel's Epoxy Prepreg HexPly M77 13.21: AOC's Low-Density Sheet Molding Compound 13.22: PremierUV-Sheet Molding Compound by The Composite Group 13.23: Core Molding Technologies' Airilite Ultra-Low-Density SMC 13.24: Globe Machine Manufacturing's Second Generation Autoclave Processing Technology 13.25: Magnum Venus' Mix Gun Talon-X with Enhanced Features For more information about this report visit https://www.researchandmarkets.com/research/2...lobal?w=12
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