The global demand for Transportation Composites Market is presumed to reach the market size of nearly USD 118.97 MN by 2028 from USD 49.03 MN in 2021 with a CAGR of 13.5% under the study period 2022 - 2028.
Transportation composites are widely employed in various industries, including aerospace and defense, marine, and automotive. Transportation Composites have outstanding qualities such as solid abrasion resistance, wear resistance, high modulus, great strength, stiffness, low density, chemical resistance, and creep resistance, making them perfect for automotive components, aviation structures, and interior car panels. Transportation composite materials are used in various applications, including seats, cabins, sandwich panels, fuselages, engines, wings, rotor blades, and tail booms. Composites are naturally flexible and provide several additional benefits, ranging from corrosion resistance and easy bonding with various materials to lightweight durability.
Market Dynamics
The global transportation composites market is predicted to grow substantially over the forecast period, owing to the rising use of composites in commercial aeroplanes. In addition, the growing need for fuel-efficient automobiles and lightweight materials is expected to propel the industry forward in the upcoming years. Furthermore, the market sees numerous fundamental changes as new players enter the global transportation composites market with improved solutions that drive value chain innovation. Additionally, transportation composites are used in various industries, including biomedicine, robotics, construction, and infrastructure, augmenting the market growth.
The research 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 an inclusive assessment of each segment in the global market of transportation composites. The growth and trends of transportation composites industry provide a holistic approach to this study.
Market Segmentation
This section of the transportation composites market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Fibers
By Resins
By Transportation Types
- Waterways
- Roadways
- Railways
- Airways
By Applications
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Transportation Composites market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Transportation 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 transportation composites market include Royal DSM, Toray Industries Inc., Teijin Limited, Solvay, Mitsubishi Chemical Holdings Corporation, Gurit Holding AG, Jushi Group, SGL Group, Owens Corning, Hexcel Corporation, Norco Composites & Grp, Bombardier, Lockheed Martin, Feadship and Lee Aerospace. This section consists of 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.
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