HOME Top Market Reports Composites Market by Type (Carbon Fiber Composites, Glass Fiber Composites and Others), Resin Type (Thermoplastic Composites and Thermosetting Composites), Manufacturing Process, Application and by Region - Global Trends and Forecasts to 2021

Composites Market by Type (Carbon Fiber Composites, Glass Fiber Composites and Others), Resin Type (Thermoplastic Composites and Thermosetting Composites), Manufacturing Process, Application and by Region - Global Trends and Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: May 2016
Report Code: CH 3185

 

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


The market for composites is estimated to grow from USD 69.50 Billion in 2015 to USD 105.26 Billion by 2021, at a CAGR of 7.04% between 2016 and 2021. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The report estimates the market size and future growth potential of composites market across different segments such as fiber type, resin type, manufacturing process, application, and region. A shift in the trend from traditional materials towards composites is witnessed due to their exceptional performance properties such as high thermal conductivity, corrosion resistance, high strength, and others. The aerospace & defense is the biggest application and is driving the growth of the market during the forecast period.

The research methodology used to estimate and forecast the composites market began with capturing data on key company revenues and raw material costs through secondary research. The product offerings were taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of composites from the revenue of key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.

The breakdown of profiles of primary discussion participants is depicted in the below figure:

Composites Market

To know about the assumptions considered for the study, download the pdf brochure

The composites value chain comprises manufacturers such as Hexcel Corporation (U.S.), Huntsman Corporation (U.S.), Toray Industries (Japan), Teijin Limited (Japan), Owens Corning (U.S.), and so on. The target end users for these companies can be categorized as automotive, aerospace, construction, and wind energy related companies such as BMW (Germany), Ford (U.S.), Bell Helicopter (U.S.), Boeing (U.S.), Mercedes-Benz (Germany), and Vestas (Denmark) among others.

Target Audience

  • Composites manufacturers
  • Raw material suppliers
  • Distributors & suppliers
  • End-use industries
  • Industry associations
  • Investment research firms

“This study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing their efforts and investments.”

Scope of the Report

The research report segments the composites market into the following segments:

By Fiber Type:

  • Carbon fiber composites
  • Glass fiber composites
  • Others

By Resin Type:

  • Thermosetting composites
  • Thermoplastic composites

By Manufacturing Process:

  • Layup
  • Filament
  • Injection molding
  • Pultrusion
  • Compression molding
  • RTM
  • Others

By Application:

  • Transportation
  • Aerospace & defense
  • Wind energy
  • Electricals & electronics
  • Construction
  • Pipes & tanks
  • Marine
  • Others

By Region

  • North America
  • Asia-Pacific
  • Europe
  • Middle East & Africa (ME&A)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North America composites market
  • Further breakdown of the Europe composites market
  • Further breakdown of the Asia-Pacific composites market
  • Further breakdown of the ME&A composites market
  • Further breakdown of the Latin America composites market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 34)
    4.1 Composite Market Size, 2016 vs. 2020 (USD Billion)
    4.2 Composites Market Growth, By Manufacturing Process
    4.3 Aerospace & Defense Application Accounted for the Largest Share of Composites Market in 2015
    4.4 Composites Market Growth, By Country
    4.5 Composites Market Size, By Resin Type, 2016 vs. 2020
    4.6 Application Industry Growth Matrix

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Fiber Type
           5.3.2 By Manufacturing Process
           5.3.3 By Resin Type
           5.3.4 By Application
    5.4 Market Dynamics
           5.4.1 Drivers
                     5.4.1.1 Increasing Demand for Lightweight Materials From the Transportation Industry
                     5.4.1.2 Growing Demand of Wind Energy as Clean Energy
                     5.4.1.3 Increasing Use of Composites By Boeing and Airbus
           5.4.2 Restraints
                     5.4.2.1 Issues Related to Recycling
                     5.4.2.2 High Processing and Manufacturing Cost
           5.4.3 Opportunities
                     5.4.3.1 Increasing Demand From Emerging Economies
                     5.4.3.2 Growing Adoption of Natural Composites
                     5.4.3.3 Growth of Carbon Fiber Composites in New Applications
           5.4.4 Challenges
                     5.4.4.1 High Research and Development Cost
    5.5 Burning Issues
           5.5.1 Need for Low-Cost Materials and Technologies
    5.6 Wining Imperatives
           5.6.1 Massive Research and Development Efforts and Related Collaborations to Develop New Products
           5.6.2 New Production Capacity Expansions

6 Industry Trends (Page No. - 52)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Raw Material Analysis
           6.3.1 Raw Material Analysis of Glass Fiber Composites
           6.3.2 Raw Material Analysis of Carbon Fiber Composites
           6.3.3 Raw Material Analysis of Other Fiber Composites
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Macro Economic Overview and Key Trends (Page No. - 60)
    7.1 Introduction
    7.2 Trends and Forecast of GDP
    7.3 Per Capita GDP vs. Per Capita Composite Materials Demand
    7.4 Trends and Forecast of Construction Industry
           7.4.1 Trends and Forecast of Construction Industry in North America
           7.4.2 Trends and Forecast of Construction Industry in Europe
           7.4.3 Trends and Forecast of Construction Industry in Asia-Pacific
           7.4.4 Trends and Forecast of Construction Industry in ME&A
           7.4.5 Trends and Forecast of Construction Industry in Latin America
    7.5 Trends of Wind Energy Industry
    7.6 Trends of Aerospace Industry
    7.7 Trends of Automotive Industry

8 Composites Market, By Fiber Type (Page No. - 74)
    8.1 Introduction
    8.2 Carbon Fiber Composites
    8.3 Glass Fiber Composites
    8.4 Other Fiber Composites

9 Composites Market, By Resin Type (Page No. - 84)
    9.1 Introduction
    9.2 Thermosetting Composites
           9.2.1 Thermosetting Composites, By Region
    9.3 Thermoplastic Composites
           9.3.1 Thermoplastic Composites, By Region

10 Composites Market, By Manufacturing Process (Page No. - 91)
     10.1 Introduction
     10.2 Layup Process
     10.3 Filament Winding Process
     10.4 Injection Molding Process
     10.5 Pultrusion Process
     10.6 Compression Molding Process
     10.7 Resin Transfer Molding Process
     10.8 Other Processes

11 Composites Market, By Application (Page No. - 103)
     11.1 Introduction
     11.2 Transportation
     11.3 Aerospace & Defense
     11.4 Electrical & Electronics
     11.5 Wind Energy
     11.6 Construction & Infrastructure
     11.7 Pipes & Tanks
     11.8 Marine
     11.9 Other Applications

12 Composites Market, By Region (Page No. - 118)
     12.1 Introduction
     12.2 North America
               12.2.1 U.S.
               12.2.2 Canada
     12.3 Europe
               12.3.1 Germany
               12.3.2 France
               12.3.3 U.K.
               12.3.4 Italy
               12.3.5 Austria
               12.3.6 Netherlands
               12.3.7 Poland
               12.3.8 Sweden
               12.3.9 Spain
               12.3.10 Russia
               12.3.11 Turkey
     12.4 Asia-Pacific
               12.4.1 China
               12.4.2 India
               12.4.3 Japan
               12.4.4 Korea
               12.4.5 Australia & New Zealand
               12.4.6 Malaysia
               12.4.7 Thailand
     12.5 Middle East & Africa (ME&A)
               12.5.1 UAE
               12.5.2 South Africa
     12.6 Latin America
               12.6.1 Brazil
               12.6.2 Mexico
               12.6.3 Argentina

13 Competitive Landscape (Page No. - 138)
     13.1 Introduction
     13.2 Competitive Situations and Trends
     13.3 Competitive Landscape
               13.3.1 Investments & Expansions
               13.3.2 Agreements & Partnerships
               13.3.3 New Product Launch
               13.3.4 Mergers & Acquisitions

14 Company Profiles (Page No. - 151)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     14.1 Introduction
     14.2 Teijin Limited
     14.3 Toray Industries
     14.4 Owens Corning
     14.5 PPG Industries Inc.
     14.6 Huntsman Corporation
     14.7 Cytec Industries (Solvay S.A.)
     14.8 SGL Group
     14.9 Hexcel Corporation
     14.10 Momentive Performance Materials, Inc.
     14.11 E. I. Du Pont Nemours & Co.
     14.12 Compagnie De Saint-Gobain
     14.13 Weyerhaeuser Company
     14.14 Chongqing Polycomp International Corporation
     14.15 Jushi Group Co. Ltd.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 196)
     15.1 Insights From Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports


List of Tables (86 Tables)

Table 1 Composites Market Size (Volume & Value), 2016–2021
Table 2 EU: Co2 Emissions Standards for New Passenger Cars, (G/Km)
Table 3 Impact Analysis of Drivers
Table 4 Impact Analysis of Restraints
Table 5 Impact Analysis of Opportunities
Table 6 Impact Analysis of Challenges
Table 7 Properties of Resins: Thermosetting V/S Thermoplastic Resins
Table 8 Trends and Forecast of GDP, USD Billion (2015–2021)
Table 9 Per Capita GDP vs. Per Capita Composite Materials Demand, 2015
Table 10 Contribution of Construction Industry to GDP in North America, USD Billion (2014–2021)
Table 11 Contribution of Construction Industry to GDP in Europe, USD Billion (2014–2021)
Table 12 Contribution of Construction Industry to GDP in Asia-Pacific, USD Billion (2014–2021)
Table 13 Contribution of Construction Industry to GDP in ME&A,USD Billion (2014–2021)
Table 14 Contribution of Construction Industry to GDP in Latin America, USD Billion (2014–2021)
Table 15 Wind Energy Installation, MW (2011–2015)
Table 16 Market of New Airplanes, 2014
Table 17 Automotive Production, Million Units (2011-2015)
Table 18 Composites Market Size, By Fiber Type, 2014–2021 (USD Million)
Table 19 Composites Market Size, By Fiber Type, 2014–2021 (Kiloton)
Table 20 Carbon Fiber Composites Market Size, By Region,2014–2021 (USD Million)
Table 21 Carbon Fiber Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 22 Glass Fiber Composites Market Size, By Region, 2014–2021 (USD Million)
Table 23 Glass Fiber Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 24 Other Fiber Composites Market Size, By Region,2014–2021 (USD Million)
Table 25 Others Fiber Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 26 Composites Market Size, By Resin Type, 2014–2021 (USD Million)
Table 27 Composites Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 28 Thermosetting Composites Market Size, By Region,2014–2021 (USD Million)
Table 29 Thermosetting Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 30 Thermoplastics Composites Market Size, By Region,2014–2021 (USD Million)
Table 31 Thermoplastics Composites Market Size, By Region,2014–2021 (Kiloton)
Table 32 Composites Market Size, By Manufacturing Process,2014–2021 (USD Million)
Table 33 Composites Market Size, By Manufacturing Process,2014–2021 (Kiloton)
Table 34 Layup Process Market Size, By Region, 2014–2021 (USD Million)
Table 35 Layup Process Market Size, By Region, 2014–2021 (Kiloton)
Table 36 Filament Winding Process Market Size, By Region,2014–2021 (USD Million)
Table 37 Filament Winding Process Market Size, By Region, 2014–2021 (Kiloton)
Table 38 Injection Molding Process Market Size, By Region,2014–2021 (USD Million)
Table 39 Injection Molding Process Market Size, By Region, 2014–2021 (Kiloton)
Table 40 Pultrusion Process Market Size, By Region, 2014–2021 (USD Million)
Table 41 Pultrusion Process Market Size, By Region, 2014–2021 (Kiloton)
Table 42 Compression Molding Process Market Size, By Region,2014–2021 (USD Million)
Table 43 Compression Molding Process Market Size, By Region,2014–2021 (Kiloton)
Table 44 RTM Process Market Size, By Region, 2014–2021 (USD Million)
Table 45 RTM Process Market Size, By Region, 2014–2021 (Kiloton)
Table 46 Other Processes Market Size, By Region, 2014–2021 (USD Million)
Table 47 Other Processes Market Size, By Region, 2014–2021 (Kiloton)
Table 48 Composites Market Size, By Application, 2014–2021 (USD Million)
Table 49 Composites Market Size, By Application, 2014–2021 (Kiloton)
Table 50 Composites Market Size in Transportation Application, By Region, 2014–2021 (USD Million)
Table 51 Composites Market Size in Transportation Application, By Region, 2014–2021 (Kiloton)
Table 52 Demand for New Airplanes, By Region, 2015 to 2034
Table 53 Composites Market Size in Aerospace & Defense Application, By Region, 2014–2021 (USD Million)
Table 54 Composites Market Size in Aerospace & Defense Application, By Region, 2014–2021 (Kiloton)
Table 55 Composites Market Size in Electrical & Electronics Application, By Region, 2014–2021 (USD Million)
Table 56 Composites Market Size in Electrical & Electronics Application, By Region, 2014–2021 (Kiloton)
Table 57 Germany: Annual Wind Energy Installations, 2012–2015 (MW)
Table 58 France: Annual Wind Energy Installations, 2012–2015 (MW)
Table 59 U.K.: Annual Wind Energy Installations, 2012–2015 (MW)
Table 60 Asia-Pacific: Annual Wind Energy Installations, 2015 (MW)
Table 61 Composites Market Size in Wind Energy Application, By Region,2014–2021 (USD Million)
Table 62 Composites Market Size in Wind Energy Application, By Region,2014–2021 (Kiloton)
Table 63 Composites Market Size in Construction & Infrastructure Application, By Region, 2014–2021 (USD Million)
Table 64 Composites Market Size in Construction & Infrastructure Application, By Region, 2014–2021 (Kiloton)
Table 65 Composites Market Size in Pipes & Tanks Application, By Region,2014–2021 (USD Million)
Table 66 Composites Market Size in Pipes & Tanks Application, By Region,2014–2021 (Kiloton)
Table 67 Composites Market Size in Marine Application, By Region,2014–2021 (USD Million)
Table 68 Composites Market Size in Marine Application, By Region,2014–2021 (Kiloton)
Table 69 Composites Market Size in Other Applications, By Region,2014–2021 (USD Million)
Table 70 Composites Market Size in Other Applications, By Region,2014–2021 (Kiloton)
Table 71 Composites Market Size, By Region, 2014–2021 (USD Million)
Table 72 Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 73 North America: Composites Market Size, By Country,2014–2021 (USD Million)
Table 74 North America: Composites Market Size, By Country,2014–2021 (Kiloton)
Table 75 Europe: Composites Market Size, By Country, 2014–2021 (USD Million)
Table 76 Europe: Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 77 Asia-Pacific: Composites Market Size, By Country,2014–2021 (USD Million)
Table 78 Asia-Pacific: Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 79 ME&A: Composites Market Size, By Country, 2014–2021 (USD Million)
Table 80 ME&A: Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 81 Latin America: Composites Market Size, By Country,2014–2021 (USD Million)
Table 82 Latin America: Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 83 Investments & Expansions, 2012-2016
Table 84 Agreements & Partnerships, 2012-2016
Table 85 New Product Launch, 2012-2016
Table 86 Mergers & Acquisitions, 2012-2016
 
 
List of Figures (68 Figures)
 
Figure 1 Composites Market Segmentation
Figure 2 Composites Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Aerospace & Defense Set to Drive the Composites Market Between 2016 and 2021
Figure 7 Asia-Pacific Dominated Composites Market in 2015
Figure 8 Layup Manufacturing Process is Preferred for Composites
Figure 9 Glass Fiber Dominate Composites Market (2016-2021)
Figure 10 Attractive Opportunities for Market Players
Figure 11 Layup Process Highly Preferred By Composite Manufacturers
Figure 12 Asia-Pacific is the Largest Market for Composites
Figure 13 Germany to Be the Fastest-Growing Market, 2016–2021
Figure 14 Thermosetting Composites to Have the Largest Market Share(2016–2021)
Figure 15 North America Accounted for Largest Share in Most of the Applications in 2015
Figure 16 Development and Commercialization of Composites for Industry Applications
Figure 17 Drivers, Restraints, Opportunities, and Challenges in the Composites Market
Figure 18 Value Chain Analysis: Maximum Value is Added During Composite Design and Composite Processing Phases
Figure 19 Raw Material Analysis of Carbon Fiber Composites
Figure 20 Raw Material Analysis of Aramid Fiber Composites
Figure 21 Porter’s Five Forces: Intensity of Rivalry is High Due to Presence of Few Players
Figure 22 Trends and Forecast of GDP, USD Billion (2016–2021)
Figure 23 Per Capita GDP vs. Per Capita Composite Materials Demand
Figure 24 Trends and Forecast of Construction Industry Contribution to GDP in North America, USD Billion, 2015 vs. 2021
Figure 25 Construction Industry in U.K. Contribute the Maximum to the GDP in Europe, USD Billion, 2015 vs. 2021
Figure 26 Construction Industry in China Contribute the Maximum to the GDP in Asia-Pacific, USD Billion, 2015 vs. 2021
Figure 27 Construction Industry in Saudi Arabia Contribute the Maximum to the GDP in Me & A, USD Billion, 2015 vs. 2021
Figure 28 Construction Industry in Brazil Contribute the Maximum to the GDP in Latin America, USD Billion, 2015 vs. 2021.
Figure 29 Wind Energy Installed Capacity, MW (2014–2015)
Figure 30 New Airplanes Deliveries, By Region, 2014
Figure 31 Automotive Production in Key Coutries, Million Units (2011 vs. 2015)
Figure 32 Glass Fiber Composites to Dominate the Composites Market
Figure 33 Asia-Pacific to Dominate the Glass Fiber Composites Market
Figure 34 Thermoplastic Composites to Grow at A High Rate
Figure 35 Asia-Pacific to Drive the Thermoplastic Composites Market
Figure 36 Layup Manufacturing Process to Dominate the Composite Market for Next Five Years
Figure 37 Asia-Pacific to Drive the Composites Market for Injection Molding Process in the Next Five Years
Figure 38 RTM Process to Witness Highest Growth in Asia-Pacific During the Next Five Years
Figure 39 Aerospace & Defense Industry to Outpace Other Applications of Composites
Figure 40 North America to Dominate the Composites Market in the Aerospace& Defense Industry
Figure 41 Asia-Pacific Composites Market in Wind Energy Application is Expected to Grow at A High Rate
Figure 42 Brazil to Drive the Composites Market
Figure 43 The U.S. is the Most Lucrative Market in North America
Figure 44 Germany is the Fastest-Growing Composites Market in Europe
Figure 45 China is the Key Composites Market in Asia-Pacific
Figure 46 Key Companies Preferred Investments & Expansions and New Product Launches Between 2012 and 2016
Figure 47 Investments & Expansions: Most Preferred Strategy
Figure 48 Owens Corning Recorded for Maximum Number of Product Launches Between 2012 and 2016
Figure 49 Regional Revenue Mix of Top 5 Market Players
Figure 50 Teijin Limited: Company Snapshot
Figure 51 Teijin Limited: SWOT Analysis
Figure 52 Toray Industries: Company Snapshot
Figure 53 Toray Industries: SWOT Analysis
Figure 54 Owens Corning: Company Snapshot
Figure 55 Owens Corning: SWOT Analysis
Figure 56 PPG Industries: Company Snapshot
Figure 57 PPG Industries: SWOT Analysis
Figure 58 Huntsman Corporation: Company Snapshot
Figure 59 Huntsman Corporation: SWOT Analysis
Figure 60 Cytec Industries: Company Snapshot
Figure 61 Cytec Industries: SWOT Analysis
Figure 62 SGL Group: Company Snapshot
Figure 63 SGL Group: SWOT Analysis
Figure 64 Hexcel Corporation: Company Snapshot
Figure 65 Momentive Performance Materials: Company Snapshot
Figure 66 E. I. Du Pont Nemours & Co.: Company Snapshot
Figure 67 Saint-Gobain: Company Snapshot
Figure 68 Weyerhaeuser: Company Snapshot

The global market for composites is estimated to grow from USD 69.50 Billion in 2015 to USD 105.26 Billion by 2021, at a CAGR of 7.04% between 2016 and 2021. The global market for composites marked a strong growth in the past few years due to its high demand from the aerospace & defense and transportation applications. Composites provide high strength-to-weight ratio, heat resistance, and are lightweight, which increase fuel efficiency in vehicles and give structural stability to aircrafts.

The major applications of composites are in aerospace & defense, transportation, wind energy, construction & infrastructure, pipes & tanks, marine, electricals & electronics, and others. Wind energy is the fastest-growing application in the composites market during the forecast period. The properties offered by composites, such as shape stability, strength, damage resistance, and longitudinal stiffness, encourage its use in high-performance wind energy applications.

The layup process dominated the composites market in 2015 due to the increased demand from wind, marine, and aerospace & defense industries. The layup process is preferred by composite manufacturers due to its low cost and is mostly used for manufacturing composites parts for wind energy and marine applications.

Currently, Asia-Pacific is the largest consumer of composites. The growth of the electricals & electronics, construction & infrastructure, and improved transportation facilities in the region has led to an increase in the demand for composites. China, India, Sweden, the U.K., the U.S., Brazil, and Malaysia are among the major markets of composites. The Brazilian market for composites in Latin America is projected to register the highest CAGR during the forecast period.

Composites Market

High cost of raw materials required for manufacturing composites is acting as a barrier for its use in various applications. Recyclability issues of composites are also posing a threat to its market. However, companies are adopting various strategies to build a strong foothold in the market through several developmental activities. Toray Industries (Japan), Teijin Limited (Japan) Owens Corning (U.S.), and Hexcel Corporation (U.S.) are few of the major manufacturers of composites. These companies have been able to hold a leading position by tapping various global markets. They have undertaken strategic alliances, such as expansions & investments, agreements, to accommodate the increase in demand as well as to increase their market share and customer base. These companies have shown a positive growth in the composites market for the last few years due to innovative and technologically advanced product portfolio.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports