The global demand for Structural Composites Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Structural composites are a combination of different materials with different characteristics that are formed to use as a single material from plastic, wood, glass, or carbon fiber materials. These formed products have applications in many industries such as automotive, aerospace, construction, and others. These are low maintenance products with high strength and durability, available in a variety of colors and sizes.
Increasing demand for lightweight materials in automotive, aerospace, wind energy, and other end-use industries will continue to drive future growth of structural composites. Expanding urbanization in China and India will amplify growth in the use of composites. Government regulations on automotive fuel efficiency are pressurizing on OEMs to make vehicles lighter. Automakers are now looking for cost-effective ways of incorporating structural composites in mass volume cars. They are investing in R&D to develop new hybrid models that emit fewer pollutants into the environment and new plug-in all-electric vehicles (EV). Major players are investing in the raw material & component manufacturing capacity to meet future growth in all key sectors. These factors will contribute to accelarating the growth rate of the structural composite market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of structural composites.
The entire structural composites market has been sub-categorized into matrix, reinforcement materials and sector. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Reinforcement Materials
- Glass Fiber
- Carbon Fiber
- Aramid Fiber
- Construction & Infrastructure
- Aerospace & Defense
This section covers regional segmentation which accentuates on current and future demand for structural composites market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Structural Composites Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the structural composites market include Solvay, Teijin Limited, Hexion Inc., Toray Group, Hexcel Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.