Composites Market, 2022 – Market is Estimated to Reach USD 115.43 Billion – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Composites
Market by Fiber Type (Glass, Carbon), Resin Type (Thermoset,
Thermoplastic), Manufacturing Process (Layup, Filament Winding,
Pultrusion), Application (Transportation, Aerospace & Defense, Wind
Energy), Region – Global Forecast to 2022" report has been
added to Research and Markets' offering.

The composites market is estimated to reach USD 115.43 billion by 2022,
at a CAGR of 8.13% between 2017 and 2022

Increasing use of composites in the aerospace & defense, transportation,
wind energy, construction & infrastructure, and pipes & tanks
applications is driving the growth of the composites market across the
globe. However, the high processing and manufacturing costs of
composites and lack of standardization in the composite manufacturing
technologies are some of the factors expected to restrain the growth of
the composites market during the forecast period.

The aerospace & defense application is projected to lead the composites
market during the forecast period. The growth of this application
segment of the composites market can be attributed to increased use of
composites in the aircraft structures. Composites used in various
aircraft structures such as wings, fuselage, aircraft interiors, etc. as
they can survive extreme operating conditions such as high stress,
shocks, and impact loads. Thus, there is an increase in the demand for
composites for making new generation aircraft such as Airbus A350 XWB
and A320neo and the Boeing 787 and 737 MAX.

The Asia-Pacific region is the largest consumer of composites in the
world, followed by the North American region. It is also expected to be
the most promising market for composites in the next five years. Rapid
industrialization and urbanization in the region have led to increased
use of composites in the aerospace & defense, construction &
infrastructure, wind, pipes & tanks, and transportation applications.
China is the largest market for composites in the Asia-Pacific region
due to the rapidly growing manufacturing sector in the country.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Macro Economic Overview and Key Trends

7 Composites Market, By Fiber Type

8 Composites Market, By Resin Type

9 Composites Market, By Manufacturing Process

10 Composites Market, By Application

11 Composites Market, By Region

12 Competitive Landscape

13 Company Profiles

• BASF SE (Germany)
• Binani Industries Ltd (India)
• Chongqing Polycomp International Corporation (China)
• E.I DuPont De Nemours & Co. (U.S.)
• eijin Limited (Japan)
• Gaffco Ballistics (U.S.)
• Gurit (Switzerland)
• Henkel AG & Co. KGaA (Germany)
• Hexcel Corporation (U.S.)
• Hexion (U.S.)
• Honeywell Internalional Inc. (U.S.)
• Huntsman International LLC (U.S.)
• Jushi Group (China)
• Kineco Kaman Composites-India Pvt. Limited (India)
• Koninklijke Ten Cate BV (Netherland)
• Mitsubishi Chemical Holdings Corporation (Japan)
• Nippon Electric Glass Co. Ltd. (Japan)
• Owens Corning (U.S.)
• Renegade Materials Corporation (U.S.)
• SGL Group (Germany)
• Solvay (Belgium)
• Toray Industries Inc. (Japan)
• Trex Company Inc. (U.S.)
• UPM BioComposites (Finland)
• Weyerhauser (U.S.)

For more information about this report visit https://www.researchandmarkets.com/research/r6k5f7/composites_market

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Related
Topics: Plastic
Resins, Composites