The global composite materials market is expected to reach $38.5 billion by 2022


   July 10 2017
According to a new market report published by Lucintel, the future of the global composites market looks attractive, with opportunities in the transportation, construction, wind energy, pipe & tank, marine, consumer goods, electrical and electronic, aerospace and others. The global composite materials market is expected to reach an estimated $38.5 billion by 2022 and it is forecast to grow at a CAGR of 4.9% from 2017 to 2022. The global composites end product market is expected to reach an estimated $109.4 billion by 2022. 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 low flame retardant materials demand in E&E industry.

This report has 240 figures/charts and 39 tables spread through 383 pages. For more detail on this report please click link http://www.lucintel.com/composites-industry-2017-2022.aspx

In this market, transportation, construction, pipe and tank, electrical and electronics, consumer goods and wind energy are the major end use industries. On the basis of its comprehensive research, Lucintel forecasts that the segments of aerospace and wind energy are expected to show average growth during the forecast period from 2017 to 2022.

Download Free PDF Report Brochure here http://www.lucintel.com/rb/composites-industry-2017-2022.aspx

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 composites part. Injection molding is expected to be the largest process in terms of value and volume in the composites manufacturing and majorly used in transportation, consumer goods and electrical electronics applications.

Early buyers will receive 10% free customization on this report.

By fiber type, glass fiber, carbon fiber, and aramid fiber are the major fibers utilized to manufacture composites parts for various end use industries. Carbon fiber is expected to show above average growth during the forecast period. Increasing penetration of carbon composites in commercial aircraft and automotive are expected to spur growth for carbon fiber over the forecast period from 2017 to 2022.

By resin type, thermoset and thermoplastic resins are used to make composites parts. In thermoset, polyester composite is expected to remain the largest market by value and volume consumption. In thermoplastic, polypropylene (PP) is expected to remain the largest market by value and volume consumption and majorly used in transportation, construction and consumer goods applications.

Asia Pacific is expected to remain the largest region by value and volume and 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.

Emerging trends, which have a direct impact on the dynamics of the industry, include development of low-cost carbon fibers, high performance glass fiber and shorter cycle time of resin system.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for the global composites market and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Composites Market 2017-2022.” The Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions.

Download free sample here http://www.lucintel.com/ds/composites-industry-2017-2022.aspx

The study includes a forecast for the global composites market by application, fiber type, resin type, manufacturing process, molding compound, country, and region, as follows:

By End Use Industry ($ Million and Million Pounds)


  • Transportation


  • Marine


  • Wind Energy


  • Aerospace


  • Pipe & Tank


  • Construction


  • Electrical and Electronics


  • Consumer Goods


  • Others


By Manufacturing Process ($ Million and Million Pounds)


  • Hand Lay-up


  • Spray-up


  • Resin Infusion (RRIM, RTM, VARTM)


  • Filament Winding


  • Pultrusion


  • Injection Molding


  • Compression Molding


  • Prepreg Lay-up


  • Other


By Molding Compounds ($ Million and Million Pounds)


  • SMC


  • BMC


  • Thermoplastic Compounds ( SFT, LFT, GMT, CFT and Other)


By Resin Type ($ Million and Million Pounds)


  • Polyester


  • Epoxy


  • Vinyl ester


  • Phenolic


  • Thermoplastics


By Fiber Type ($ Million and Million Pounds)


  • Glass fiber


  • Carbon fiber


  • Aramid fiber


By Fiber Glass Types ($ Million and Million Pounds)


  • Single End Roving


  • Multi End Roving


  • Woven Roving


  • Fabrics


  • Chopped Strand Mat


  • Continuous Filament Mat


  • Others


By Carbon Fiber Types ($ Million and Million Pounds)


  • PAN Based Carbon Fiber


  • PITCH Based Carbon Fiber


 

By region ($ Million and Million Pounds)


  • North America


  • Europe


  • Asia Pacific


  • ROW


By Country (Million Pounds)


  • USA


  • Canada


  • Mexico


  • Germany


  • UK


  • France


  • Italy


  • Spain


  • Netherland


  • China


  • India


  • Japan


  • South Korea


  • Brazil


  • Russia


This 383-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/composites-industry-2017-2022.aspx or   helpdesk@lucintel.com.

 About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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