Sports Composites Market 2017 – Global Industry Trends, Opportunities and Forecasts to 2023 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Sports
Composites Market – Industry Trends, Opportunities and Forecasts to 2023"
report has been added to ResearchAndMarkets.com's
offering.

The global sports composites market was valued at US$3.528 billion in
2017 and is projected to reach US$4.708 billion in 2022 exhibiting a
CAGR of 4.93% during the forecast period.

High adoption rate for a healthy and fit lifestyle will give a boost to
this market in the coming years. Good quality sports composites are
essential in a win-lose games. Better quality sports composites increase
the shelf life of the products and hence are reliable. The market is
projected to sail high in the next five years owing to the increasing
demand for good sporting products and increasing purchasing power of
consumers across the globe. Also, the demand for customized sporting
products is increasing on a global note further augmenting the demand
for sport composites globally.

On the basis of raw material used, the market is segmented as
polyethylene, polyamide, polyurethane, epoxy, and others. On the basis
of product type, the market is segmented as carbon, glass, and others.
Sports composites that use epoxy as raw material are likely to grow at a
phenomenal rate owing to their heat resistive properties and durability.
Epoxy is used extensively in manufacturing of snowboards, bicycle parts,
and rackets.

Sports composites have a wide range of applications which include hockey
sticks, golf sticks, bicycles, skis and snowboards, and others.
Increasing investment in the manufacturing of high quality and durable
sports composites will lead to an increase its market in the coming
years across the globe. Their application in the manufacturing of golf
sticks has fuelled its market covering the largest market share in its
segment. However, increasing cost of raw materials used in the sports
composites has resulted in an increase in cost of final sports products
which in turn is constraining its growth rate. The sports composites are
expensive as compared to their substitutes which include metals,
plastics, and other inexpensive polymer.

Geographically, sports composites market can be segmented as North
America, South America, Europe, Middle East and Africa, and
Asia-Pacific. Asia-Pacific is anticipated to dominate over the global
sports composites market with highest growth rate and market share owing
to the increasing sporting events, entrance of multi-national players in
manufacturing, easy availability of raw materials, and low labor cost.

Segmentation

By Raw Material

• Polyethylene
• Polyamide
• Polyurethane
• Epoxy
• Others

By Product Type

• Carbon
• Glass
• Others

By Application

• Golf
• Rackets
• Hockey Sticks
• Bicycle
• Skis and Snowboards
• Others

Companies Mentioned

• DowDuPont
• SGL Group
• Toray Industries
• Fischer Sports GmbH
• Amer Sports
• Topkey Corporation
• Rossignol
• Hexion
• Prokennex

For more information about this report visit https://www.researchandmarkets.com/research/9dmpjz/sports_composites?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Composites