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Composites Market Report: Trends, Forecast and Competitive Analysis

Lucintel

Trends, opportunities and forecast in composites market to 2025 by application type (transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical & electronics, consumer goods, and others), raw material (glass fiber, carbon fiber, aramid fiber, polyester resin, vinyl ester, phenolic, polyurethane, thermoplastic resin, filler, and others), fiber type (glass fiber composites, carbon fiber composites, and aramid fiber composites), resin type (polyester composites, epoxy composites, vinyl ester composites, phenolic composites, other thermosets, and thermoplastic composites), by molding compound (SMC, BMC, SFT, LFT, and other composites), and region (North America, Europe, APAC, and ROW)

The future of the  composites market looks attractive with opportunities in the transportation, construction, wind energy, pipe & tank, marine, consumer goods, electrical and electronics, aerospace, and others. The  composite materials market is expected to reach an estimated $41.8 billion by 2025 and it is forecast

to grow at a CAGR of 3.8% from 2020 to 2025. The  composites end product market is expected to reach an estimated $116.6 billion by 2025. 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. <

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A total of 238 figures / charts and 38 tables are provided in this 415-page report to help in your business decisions.  Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this composites report download the report brochure.