Lucintel Estimates Composite Materials Consumption in the Wind Energy Industry to Grow to $4 Billion by 2019

Composite materials are used in a variety of applications in the wind energy industry, such as wind turbine blades, nacelle covers, and spinners. Composite materials are used in the wind energy industry due to its high strength-to-weight ratio and good mechanical properties. The Asia Pacific region is expected to be the largest region with a market share of 40% in the global composite materials market in the wind energy industry. Total worldwide composites materials consumption in the wind energy market is expected to recover during the next five years (2014-2019) and grow to $4 billion by...
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Lucintel Anticipates the Global Sheet Molding Compound Market to Grow at a CAGR of 5.5% During 2014-2019

The global sheet molding compound market is expected to grow at a CAGR of 5.5% during 2014-2019. The major driver of the sheet molding compound market is the increasing focus on lightweight materials in the automotive industry to achieve fuel efficiency. The demand for sheet molding compound is driven by the growth in end user industries, such as, transportation, electrical & electronics, and construction. Asia Pacific is the largest consumer of the sheet molding compound, driven by growth in end user industries in China and India. Lucintel, a leading global management consulting and ma...
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Lucintel Anticipates the Global Tooling Composites Market to Increase at a CAGR of 8.8% by 2019

The global tooling composites market is expected to increase at a CAGR of 8.8% by 2019. The major drivers of the tooling composites market are higher costs of metallic counterparts, increase in demand for low weight tools, and decrease in lead time for part manufacturers. The composite tools are made either from glass fiber or carbon fiber mixed with a suitable matrix (resin) such as epoxy, BMI, and others. The composite tools provide lightweight, dimensionally accurate, and affordable tooling. The increasing penetration of tooling composites in aerospace and other niche applications is the dr...
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Lucintel Anticipates Composites in the Aerospace Industry to Reach an Estimated Value of $5.9 billion by 2033

The composites market in global aerospace industry is expected to reach an estimated value of $5.9 billion by 2033 with total consumption of composite materials in is anticipated to grow to 133.8 million pounds. The major drivers are increasing demand for lightweight materials, high order backlog of aircraft deliveries, high penetration of composite materials in aircraft structures, and increasing production of various aircrafts. The APAC region is expected to be high demand region for aircraft and composite materials consumption. Lucintel, a leading global management consulting and market ...
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Lucintel Anticipates the Global Automotive Filters Market to Reach $21.9 Billion by 2019

The global automotive filters market is expected to reach an estimated value of $21.9 billion by 2019. The major drivers of the automotive filters market are increasing regulations for air emissions from vehicles, revival of automotive production, the growing replacement market, and an increase in miles driven per vehicle. Filters are used for a variety of applications in a vehicle such as internal combustion engine and vehicles passenger’s compartment. Removal of harmful gases and odors related to the incoming air from the cabin to give comfort to the passengers is driving the global cabin ...
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Lucintel Anticipates Global Coal Industry to Reach $1,037 Billion by 2018

The global coal industry is expected to reach an estimated value of $1,037 billion by 2018. The major drivers of the coal industry are rising economic growth, increasing manufacturing base, and increasing demand for electricity. Availability of coal in abundance and relatively lower cost for coal generated power plants drives the demand for coal. APAC is likely to dominate this industry during forecast period. Lucintel, a leading global management consulting and market research firm, has analyzed the global coal i...
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