Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the composites market looks promising with opportunities in the transportation, marine, wind energy, aerospace, pipe & tank, construction, E&E, consumer goods, and others end uses. The global composites market is expected to reach an estimated $60.6 billion by 2027 with a CAGR of 5.2% from 2021 to 2027.

To download report brochure, please go to https://www.lucintel.com/composites-market.aspx and click "report brochure" tab from the menu.The major drivers for growth in this market are increasing demand for lightweight materials in the aerospace & defense, and automotive industries; corrosion- and- chemical-resistant materials’ demand in the construction, and pipe & tank industries; electrical resistivity and high flame retardant materials’ demand in the electrical and electronics industry.

In this 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. Lucintel forecasts that Injection molding is expected to be the largest process in terms of value and volume over the forecast period in composite manufacturing because of high-output production rate, low labor cost, and design flexibility.

Within the composites market, transportation will remain the largest end use market due to the increasing production and use of lightweight materials in transportation market. Lucintel predicts that aerospace is expected to witness the highest growth over the forecast period.

Asia Pacific is expected to remain the largest region by value and volume, and it 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 has a direct impact on the dynamics of the industry, are the development of low-cost carbon fibers, high performance glass fiber, and rapid cure resin system. Owens Corning, Jushi, Nippon Electric, Toray Industries, and Hexcel Corporation are among the major manufacturers of composites.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global composites market by end use industry, manufacturing process, molding compound, resin type, fiber type, fiberglass type, carbon fiber type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Composites 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global composites market by end use industry, manufacturing process, molding compound, resin type, fiber type, fiberglass type, carbon fiber type, and region as follows:




































































This 240-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 https://www.lucintel.com/composites-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer 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.

This report answers following 11 key questions:                                                                                  

Q.1 What are some of the most promising potential, high-growth opportunities for the global composites market by end use industry (transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical & electronics, consumer goods, and others), manufacturing process (hand lay-up, spray up, resin infusion, filament winding, pultrusion, injection molding, compression molding, prepreg lay up, and others), molding compound (SMC, BMC, and thermoplastic compounds), resin type (polyester, epoxy, vinyl ester, phenolic, and thermoplastic), fiber type (glass fiber composites, carbon fiber composites, and aramid fiber composites), fiberglass type (single end roving, multi end roving, chopped strand, woven roving, fabrics, chopped strand mat, continuous filament mat, and others), carbon fiber type (PAN based carbon fiber and pitched based carbon fiber), and region (North America, Europe, APAC, and ROW)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the composites market?

Q.5 What are the business risks and threats to the composites market?

Q.6 What are the emerging trends in the composites market and the reasons behind them?

Q.7 What are some changing demands of customers in the composites market?

Q.8 What are the new developments in the composites market? Which companies are leading these developments?

Q.9 Who are the major players in the composites market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in the composites market, and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11. What M&A activities did take place in the last five years in the composites market?