The global prepreg market size is projected to reach USD 12.6 billion by 2026, at a CAGR of 12.5% during the forecast period. The key players in the prepreg market include Solvay Group (Belgium), Hexcel Corporation (United States), Toray Industries, Inc. (Japan), Teijin Limited (Japan), and Mitsubishi Chemical Holdings Corporation (Japan), are some of the key players in the prepreg market. SGL Group (Germany), Axiom Materials (United States), Gurit Holding AG (Switzerland), Park Aerospace Corp. (United States), and Plastic Reinforcement Fabrics Ltd. (United Kingdom) are among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the prepreg market. These players have taken different organic and inorganic developmental strategies over the past five years.
The membrane bioreactor market is expected to grow from USD 3.0 billion by 2021 to USD 4.9 billion by 2026 at a CAGR of 8.3% during the forecast period. The MBR market comprises major players such as SUEZ (France), Kubota Corporation (Japan), Evoqua Water Technologies LLC (US), Mitsubishi Chemical Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), CITIC Envirotech Ltd (Singapore), Koch Separation Solutions (US), ALFA LAVAL (Sweden), Veolia (France), and Aquatech International LLC (US). The study includes in-depth competitive analysis of these key players in the MBR market, with their company profiles, recent developments, and key market strategies.
The recycled carbon fiber market is expected to grow from USD 126 million in 2021 to USD 222 million by 2026, at a CAGR of 12.0% during the forecast period. Toray Industries Inc. (Japan), ELG Carbon Fibre Ltd. (UK), SGL Carbon (Germany), Karborek Recycling Carbon Fibers (Italy), Carbon Conversions Inc. (US), Carbon Fiber Recycling, Inc. (US), Shocker Composites LLC. (US), Procotex Corporation SA (Belgium), Alpha Recyclage Composites (France), Carbon Fiber Remanufacturing (US), and Vartega Inc. (US).
The global biocomposites market is expected to grow from USD 24.4 billion in 2021 to USD 51.2 billion by 2026, at a compound annual growth rate (CAGR) of 16.0% during the forecast period.The key players UPM (Finland), Trex Company (US), Fiberon LLC (US), FlexForm Technologies (US), Universal Forest Products, Inc. (US), Nanjing Jufeng Advanced Materials Co., Ltd (China), Meshlin Composites ZRT (Hungary), Tecnaro GmbH (Germany)
Unidirectional Tapes (UD) Market is expected to grow from USD 194 million in 2021 to USD 332 million by 2026, at a compound annual growth rate (CAGR) of 11.4% during the forecast period.The Major Players Toray Industries, Inc. (Japan), SABIC (Saudi Arabia), Evonik Industries (Germany), Hexcel Corporation (US), SGL Group (Germany), Teijin Limited (Japan)
The sports composites market is expected to grow from USD 4.1 billion in 2021 to USD 5.1 billion by 2026, at a CAGR of 4.8% during the forecast period. Amer Sports (Finland), ALDILA, Inc. (US), Jarden Corporation (US), ProKennex (Taiwan), Fischer Sports GmbH (Austria), Topkey Corporation (Taiwan), Rossignol (France), and others are the key players in the sports composites market. Some of the raw material suppliers have also been profiled in the report and include Toray industries Inc. (Japan), SGL Group (Germany), Teijin Limited (Japan), Hexcel Corporation (US), Hexion Inc. (US), and E. I. Du Pont De Nemours and Company (US). These players have adopted new product developments/launches, expansions, and agreements as the major strategies for enhancing their business revenues and market share.
The global composites market is expected to grow from USD 88.0 billion in 2021 to USD 126.3 billion by 2026, at a compound annual growth rate (CAGR) of 7.5% during the forecast period.The key players Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Nippon Electric Glass Co. Ltd. (Japan)
The aramid fiber market size is projected to reach USD 6.3 billion by 2026, at a CAGR of 9.7% during the forecast period. The key market players profiled in the report Teijin Ltd. (Japan), DuPont De Numerous, Inc. (US), Yantai Tayho Advanced Materials Co., Ltd. (China), Hyosung Corp. (South Korea), Toray Industries, Inc. (Japan), Kolon Industries Inc. (South Korea), Huvis Corporation (South Korea), Kermel (France), China National Bluestar (Group) Co., Ltd. (China), and SRO Aramid (Jiangsu) Co. Ltd. (China).
The tow prepreg market is expected to grow from USD 250 million in 2021 to USD 440 million by 2026, at a CAGR of 12.0% during the forecast period. The key players in the market include TCR Composites (US), SGL Carbon SE (Germany), ENEOS Holdings, Inc (Japan), Teijin Limited (Japan), Mitsubishi Chemical Carbon Fiber and Composites, Inc (US), Hexcel Corporation (US), Porcher Industries (France), Red Composites (England), Vitech Composites (France), Arisawa Manufacturing Co., Ltd. (Japan), Toray Industries, Inc (Japan), and 3M (US). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the tow prepreg market.
The CNG, RNG, and hydrogen tanks market is expected to grow from USD 2.1 billion in 2021 to USD 3.4 billion by 2026, at a CAGR of 9.8% during the forecast period. Worthington Industries, Inc. (US), Luxfer Group (UK), Hexagon Composites ASA (Norway), Quantum Fuel Systems LLC. (US), Everest Kanto Cylinders Ltd. (Mumbai), Praxair Technologies Inc. (US), Avanco Group (Germany), Xinyi Beijing Tianhai Industry Co. Ltd. (China), Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. (China), Faber Industrie SpA (Italy), are some of the key players in the CNG, RNG, and hydrogen tanks market. These players have taken different organic and inorganic developmental strategies over the past five years.
The aerospace materials market is expected to grow from USD 37.9 billion in 2021 to USD 57.9 billion by 2026, at a CAGR of 8.8% during the forecast period. Toray Industries, Inc. (Japan), Solvay S.A. (Belgium), DuPont de Nemours, Inc. (US), Alcoa Corporation (US), Teijin Limited (Japan), Allegheny Technologies Incorporated (US), Constellium SE (France), Kobe Steel, Ltd. (Japan), AMG N.V. (Netherlands), NOVELIS (US) and Hexcel (US) are key players in the aerospace materials market. The crucial strategies include investments & expansions, partnerships, new product launches, and mergers & acquisitions.
The global geosynthetics market is expected to grow from USD 9.9 billion in 2021 to USD 13.2 billion by 2026, at a compound annual growth rate (CAGR) of 6.0% during the forecast period.SOLMAX (Canada), NAUE GmbH & Co. KG (Germany), Officine Maccaferri Spa ( Italy), Berry Global Inc ( US), and Agru America, Inc ( US)
The Carbon Fiber Market is expected to grow from USD 3.7 billion in 2020 to USD 8.9 billion by 2031, at a CAGR of 8.6% during the forecast period. Toray Industries Inc. (Japan), SGL Group (Germany), Hexcel Corporation (US), Mitsubishi Rayon Co. Ltd. (Japan), Teijin Limited (Japan), Formosa Plastics Corporation (Taiwan), Solvay (Belgium), Jiangsu Hengshen Co. Ltd. (China), Hyosung (South Korea), and DowAksa (Turkey) were some of the key players in the global carbon fiber market. These players have adopted various organic and inorganic developmental strategies over the past five years.
The global construction repair composites market size is projected to reach USD 533 million by 2026, at a CAGR of 10.0% during the forecasting period. The key players in the construction repair composites market Sika (Switzerland), Mapei SpA (Italy), Fosroc (UAE), Master Builders Solutions (Germany), Simpson Strong-Tie Company Inc. (US), are some of the key players in the construction repair composites market. Fyfe (US), AB-SCHOMBURG Yapý Kimyasallarý A.Þ. (Turkey), DowAksa (Turkey), Dextra Group (Thailand), Chomarat Group (France), Sireg Geotech S.r.l. (Italy), Owens Corning (US) are among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the construction repair composites market. These players have taken different organic and inorganic developmental strategies over the past five years.
The ceramic matrix composites market is expected to grow from USD 8.8 billion in 2021 to USD 25.0 billion by 2031, at a compound annual growth rate (CAGR) of 11.0% during the forecast period.General Electric Company (US), Rolls-Royce (UK), Axiom Materials, Inc. (US), SGL Carbon (Germany), United Technologies (US), CoorsTek Inc. (US), COI Ceramics Inc. (US), Lancer Systems (US), Applied Thin Films Inc. (US), Ultramet (US), and Fiber Materials Inc. (US)
The market size for carbon nanotubes is projected to reach USD 1,714 million by 202, at a CAGR of 14.4% during the projected period. The key players operating in the market are LG Chemical Limited (South Korea), Cabot Corporation (US), Showa Denko K.K. (Japan), Jiangsu Cnano Technology Co., Ltd. (China), and Chengdu Organic Chemicals Co. Ltd. (China).
The global medical composites market size is projected to reach USD 1,478 million by 2025, at a CAGR of 9.9% during the forecasting period. The key players in medical composites market the 3M (US), Toray Industries, Inc. (Japan), CeramTec GmbH (Germany), Dentsply Sirona (US), Royal DSM N.V. (Netherlands), and SGL Carbon (Germany), Isotek AG (Switzerland), and among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the medical composites market. These players have taken different organic and inorganic developmental strategies over the past five years.
The global SiC fibers market is expected to grow from USD 382 million in 2020 to USD 1,262 million by 2025, at a compound annual growth rate (CAGR) of 27.0% during the forecast period.NGS Advanced Fibers Co. Ltd. (Japan), Ube Industries, Ltd. (Japan), GE Aviation (US), COI Ceramics, Inc. (US), Specialty Materials, Inc. (US), BJS Ceramics GmbH (Germany), Ningbo Zhonxing New Materials Co.Ltd. (China), Matech (US), Suzhou Saifei Group (China)
The global graphene market size is projected to grow from USD 620 million in 2020 to USD 1,479 million by 2025, at a CAGR of 19.0%. The key players in graphene market the NanoXplore Inc. (US), Graphenea SA (Spain), Avanzare Innovacion Tecnologica S.L. (Spain), Global Graphene Group (US), Directa Plus S.p.A. (Italy), Haydale Graphene Industries Plc (Italy), Changzhou Sixth Element Materials Technology Co., Ltd. (China), and Ningbo Morsh Technology Co., Ltd. (China), Nanjing XFNANO Materials Co., Ltd., Xiamen Knano Graphene Technology Corporation Limited, (China), and JCNANO Tech Co., Ltd. (China) and among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the graphene market. These players have taken different organic and inorganic developmental strategies over the past five years.
The Automotive Composites Market is expected to grow from USD 5.4 billion in 2020 to USD 9.3 billion by 2025, at a CAGR of 11.5% during the forecast period. Toray Industries Inc. (Japan), SGL Carbon (Germany), Teijin Limited (Japan), Mitsubishi Chemical Holding Corporation (Japan), Hexcel Corporation (US), Solvay SA (Belgium), Gurit (Switzerland), UFP Technologies Ltd. (US), Huntsman Corporation (US), and Hexion (US), are some of the key players in the automotive composites market. These players have taken different organic and inorganic developmental strategies over the past five years.
The global FRP vessels market size is projected to reach USD 4.7 billion by 2025, at a CAGR of 8.0% during the forecasting period. Hexagon Composites ASA (Norway), Luxfer Group (England), Worthington Industries, Inc. (US), Everest Kanto Cylinders Ltd. (India), Quantum Fuel Systems LLC. (US), Faber Industrie SpA (Italy), Avanco Group (Germany), ZCL Composites Inc. (Canada), Denali Incorporated (US), and Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. (China), are some of the key players in the FRP vessels market.. These players have taken different organic and inorganic developmental strategies over the past five years.
The string wound filter materials market is expected to grow from USD 1.4 billion in 2020 to USD 1.7 billion by 2025, at a compound annual growth rate (CAGR) of 4.5% during the forecast period.such as Coats (US), Johns Manville Corp (US), MMP Filtration (India), W. Barnet (Germany), SWM International (US)
The global metal matrix composite market size is projected to reach USD 787 million by 2025, at a CAGR of 11.0% during the forecast period. The key players in the global carbon capture, utilization, and sequestration market a Materion Corpoation (US), CPS Technologies Corporation (US), GKN Sinter Metals (US), 3M (US), Destsce Edelstaslwerke GmbH (Germany), Metal Matrix Cast Composites, LLC (US), Plansee SE (Austria), CeramTec (Germany), Sandvik AB (Sweden), Ferrotec Corporation (US), and Schlumberger Limited (US)
The Antimicrobial Hospital Textiles Market is expected to grow from USD 7.1 billion in 2020 to USD 9.4 billion by 2025, at a CAGR of 5.8% during the forecast period. Milliken & Company (US), Trevira GmbH (Germany), Unitika Trading Co. Ltd. (Japan), Thai Acrylic Fiber Co. Ltd. (Thailand), PurThread Technologies, Inc. (US), LifeThreads LLC (US), Sinterama (Italy), Smith & Nephew Plc. (UK), and Herculite Inc. (US) are the key players operating in the antimicrobial hospital textiles market.
The CF & CFRP Market is expected to grow from USD 17.5 billion in 2020 to USD 31.5 billion by 2025, at a CAGR of 12.4% during the forecast period. The major manufacturers profiled in this report include Solvay (Belgium), Toray Industries, Inc. (Japan), Mitsubishi Chemical Holdings (Japan), Hexcel Corporation (US), Teijin Limited (Japan), SGL Group (Germany), and Hyosung (South Korea). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the CF & CFRP market.
The global fiberglass market is expected to grow USD 14.3 billion by 2025, at a CAGR of 4.5% during the forecasting period. China Jushi Co., Ltd. (China), Owens Corning (US), Nippon Electric Glass Co., Ltd. (Japan), Taishan Fiberglass Inc. (CTG) (China), Chongqing Polycomp International Corp. (CPIC), (China), Johns Manville Corp. (US), Binani 3B-the Fibreglass Company (Belgium), Taiwan Glass Ind. Corp. (Taiwan), PFG Fiber Glass (Kunshan) Co. Ltd. (China), Asahi Fiberglass Co. Ltd., (Japan), Knauf Insulation (Belgium), Saint-Gobain Vetrotex (US), CertainTeed Corporation (US), Saint-Gobain ADFORS (US), and AGY Holding Corp. (US), are the key players in fiberglass market.
The global thermoplastic composites market size is expected to grow USD 31.8 billion by 2025, at a CAGR of 7.5% during the forecasting period. The key players in the thermoplastic composites market include BASF SE (Germany), Celanese Corporation (US), SABIC (Saudi Arabia), DowDuPont Inc. (US), Koninklijke DSM N.V. (Netherlands), Toray Industries, Inc. (Japan), and Lanxess AG (Germany). Among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the composites market. These players have taken different organic and inorganic developmental strategies over the past five years.
The global aerospace composites market size is expected to grow USD 41.4 billion by 2025, at a CAGR of 11.7% during the forecast period. The major manufacturers profiled in this report include Solvay (Belgium), Toray Industries, Inc. (Japan), Mitsubishi Chemical Holdings (Japan), Hexcel Corporation (US), Teijin Limited (Japan), SGL Group (Germany), and Spirit AeroSystems (US.). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the aerospace composites market.
The global aramid honeycomb core materials market size in the transportation industry is expected to grow USD 338 million by 2025, at a CAGR of 10.0% during the forecast period. The key players in the market include Hexcel Corporation (US), Euro-Composites S.A. (Luxembourg), The Gill Corporation (US), Plascore, Inc. (US), Argosy International, Inc. (US), Showa Aircraft Company Ltd. (Japan), Tasuns Composites Co. Ltd. (China), and Schutz Composite GmbH (Germany). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the aramid honeycomb core materials market in the transportation industry.
The Transportation Composites Market is expected to grow from USD 33.2 billion in 2020 to USD 59.8 billion by 2025, at a CAGR of 12.5% during the forecast period. The key players in the market include Hexcel Corporation (US), Mitsubishi Chemical Holdings Corporation (Japan), Owens Corning (US), Toray Industries Inc. (Japan), Teijin Limited (Japan), Solvay S.A. (Belgium), Jushi Group Co. Ltd. (China), SGL Group (Germany), and Gurit Holding AG (Switzerland). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the transportation composites market.
The global carbon fiber tape market size is expected to grow USD 2.6 billion by 2025, at a CAGR of 12.0%. The key players in the market include Teijin Ltd. (Japan), Toray Industries, Inc (Japan), Hexcel Corporation (US), Mitsubishi Chemical Holdings (Japan), and SGL Group (Germany). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the carbon fiber tape market.
The global core materials market size is expected to grow USD 2.3 billion by 2025, at a CAGR of 13.5% during the forecasting period. The key players in the market include 3A Composites (Switzerland), Diab Group (Sweden), Gurit (Switzerland), Hexcel Corporation (US), Armacell International S.A. (Luxembourg), Euro-Composites S.A. (Luxembourg), and Changzhou Tiansheng New Materials Co. Ltd. (China). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the core materials market.
The COVID-19 Impact on Composites Market is expected to grow from USD 90.6 billion in 2019 to USD 82.9 billion by 2021 at a compound annual growth rate (CAGR) of 4.4% during the forecast period. The key players in the global composites market are Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Nippon Electrical Glass Co. Ltd. (Japan), Koninklijke Ten Cate bv. (Netherlands), Huntsman International LLC. (US), and Solvay (Belgium).
The long fiber thermoplastics market is expected to grow from USD 2.8 billion in 2020 to USD 4.6 billion by 2025 at a compound annual growth rate (CAGR) of 10.5% during the forecast period.The key players in the global long fiber thermoplastics market are Celanese Corporation (US), SABIC (Saudi Arabia), Lanxess AG (Germany), BASF SE (Germany), Mitsubishi Chemical Holdings (Japan), PlastiComp Inc. (US), Daicel Polymer Ltd. (Japan), Asahi Kasei Corporation (Japan), RTP Company Inc.(US), and Solvay (Belgium).
The composite film market is expected to grow from USD 245 million in 2020 to USD 328 million by 2025, at a compound annual growth rate (CAGR) of 6.0% during the forecast period.The key players in the global composite film market are 3M(US), Henkel AG Co. KGaA(Germany), Hexcel Corporation(US), Gurit (Switzerland), Solvay(Belgium), Toray Industries, Inc. (Japan), Socomore(France), Park Aerospace Corp.(US), and Axiom Materials Inc.(US). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the composite film industry. The study includes an in-depth competitive analysis of these key players in the composite film market, with their company profiles, recent developments, and key market strategies.
The glass & specialty synthetic fibers market is expected to grow from USD 65.9 billion in 2019 to USD 91.4 billion by 2024, at a compound annual growth rate (CAGR) of 6.8% during the forecast period.The key players in the global composites market Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Nippon Electrical Glass Co. Ltd. (Japan), DSM (Netherland), Honeywell International, Inc. (US), Jushi Group Co., Ltd. (China), among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the composites industry. The study includes an in-depth competitive analysis of these key players in the composites market, with their company profiles, recent developments, and key market strategies.
The fiber optics market is expected to grow from USD 4.3 billion in 2019 to USD 6.9 billion by 2024, at a compound annual growth rate (CAGR) of 10.0% during the forecast period.The key market players profiled in the report include Corning Incorporated (US), Prysmian Group (Italy), Finisar (US), AFL Global (US), Sumitomo Electric Industries, Ltd (Japan), LS Cable & System (South Korea), Leoni AG (Germany), Furukawa Electric Co. Ltd. (Japan), General Cable Corporation (US), Sterlite Technologies Limited (India), and Optical Cable Corporation (US).
The composite rollers market is expected to grow from USD 127 million in 2019 to USD 163 million by 2024, at a compound annual growth rate (CAGR) of 5.2% during the forecast period.Major composite rollers manufacturers are Lorbrand Composites (South Africa), Double E Company LLC (US), Pronexos (Netherlands), Conveyor Products & Solutions (Australia), NEPEAN Conveyors (Australia), and Artur Küpper GmbH & Co. KG (Germany).
The nanocomposites market is expected to grow from USD 4.1 billion in 2019 to USD 8.5 billion, by 2024, at a compound annual growth rate (CAGR) of 16.0%, during the forecast period.Some of the prominent players in the nanocomposites market are Nanocor Inc. (US), Arkema Inc. (France, Evonik Industries AG (Germany), Showa Denko, K.K. (Japan), and Zyvex Technologies Inc. (US). The strategies undertaken by these players include new product developments and research on new applications.
The basalt fiber market is projected to grow from USD 227 million in 2019 to USD 397 million by 2024, at a CAGR of 11.8% between 2019 and 2024. The market is growing due to the high demand from construction & infrastructure, automotive & transportation, and electrical & electronics end-use industries.Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co. (China), Mafic SA (Ireland), Technobasalt-Invest LLC (Ukraine), Russian Basalt (Russia), ISOMATEX SA (Belgium), INCOTELOGY GmbH (Germany), Sudaglass Basalt Fiber Technology (US), Shanxi Basalt Fiber Technology Co., Ltd (China), Mudanjiang Basalt Fiber Co. (China).
The glass filled nylon market is projected to grow from USD 8.2 billion in 2019 to USD 10.8 billion by 2024, at a CAGR of 5.8% between 2019 and 2024. The market is growing due to the high demand from the automotive, industrial, and electrical & electronics industries.BASF SE (Germany), Asahi Kasei Corporation (Japan), Lanxess (Germany), DowDuPont Inc (US), Royal DSM N.V. (Netherlands), Ensinger GmbH (Germany), Arkema (France), SABIC (Saudi Arabia), Evonik (Germany), and Ascend Performance Materials (US).
The fiberglass mold market is projected to grow from USD 309 million in 2019 to USD 468 million by 2024, at a CAGR of 8.7% between 2019 and 2024. The market is growing due to the high demand from wind energy, construction & infrastructure, automotive & transportation, aerospace & defense, and marine industries.Gurit Holding AG (Switzerland), Dencam Composites (Denmark), Norco Composites & GRP (UK), Janicki Industries (US), TPI Composites (US), SCHÜTZ GmbH & Co. KGaA (Germany), Indutch Composites Technology (India), Shandong Shaungyi Technology (China), EUROS GmbH (Germany), and Molded Fiber Glass Companies (US).
The hybrid fabric market is projected to grow from USD 197 million in 2019 to USD 415 million by 2024, at a CAGR of 16.0% during the forecast period. The market is growing because of the high demand from the automotive & transportation, wind energy, and sports & recreational end-use industries. Hybrid fabric is preferred as it can reduce the weight of the product and is stronger than metallic parts. The market witnessed strong growth in the past few years owing to the growing use in the US, Germany, China, Brazil, and Japan.Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (US), Exel Composites (Finland), Solvay (Belgium), Textum Inc. (US), BGF Industries, Inc. (US), HACOTECH GmbH (Germany), and Arrow Technical Textiles Pvt. Ltd. (India).
The carbon fiber prepreg market is projected to grow from USD 7.0 billion in 2019 to USD 11.5 billion by 2024, at a CAGR of 10.5% between 2019 and 2024. The market is growing due to its increasing demand from aerospace & defense, automotive, and wind energy industries.Gurit Holdings AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Toray Industries (Tokyo, Japan), Teijin Limited (Osaka, Japan), Royal TenCate N.V. (Almeo, The Netherlands), Hexcel Corporation (Connecticut, US), Solvay (Brussels, Belgium), Mitsubishi Rayon Co. Ltd. (Tokyo, Japan), Axiom Materials (California, US).
The hybrid composites market is projected to grow from USD 436 million in 2018 to USD 876 million by 2023, at a CAGR of 15.0% during the forecast period. The market is growing because of the high demand from the automotive & transportation, wind energy, and sporting goods end-use industries. Hybrid composite products are preferred as they can reduce the weight of the product and are stronger than metallic parts. The market witnessed strong growth in the past few years owing to the growing use in the US, Germany, China, Brazil, and Japan. Royal DSM N.V. (Netherlands), SGL Group (Germany), Gurit (Switzerland), Hexcel Corporation (US), Teijin Limited (Japan), General Electric (US), Exel Composites (Finland), Innegra Technologies, LLC (US), Solvay (Belgium), and PlastiComp, Inc. (US) are some of the key players in the hybrid composites market.
The marine composites market is estimated at USD 3.83 billion in 2018 and is projected to reach USD 5.04 billion by 2023, at a CAGR of 5.6% during the forecast period. Growth of the market can be attributed to the high demand for marine composites from the power boats segment due to the growing recreational boating market in Europe and North America. The market has witnessed significant growth over the last few years due to the increasing demand for lightweight and corrosion-resistant boats.Owens Corning (US), Toray Industries, Inc. (Japan), SGL Group (Germany), Cytec Solvay Group (US), Teijin Limited (Japan), Mitsubishi Rayon Co. Ltd. (Japan), Hexcel Corporation (US), E. I. Du Pont de Nemours and Company (US), and Hyosung (South Korea) are some of the leading players in the marine composites market
The geocomposites market is estimated at USD 423.7 million in 2018 and is projected to reach USD 740.0 million by 2023, at a CAGR of 11.8% between 2018 and 2023. The growth of the geocomposites market can be attributed to the growing construction & infrastructural projects, supportive government policies, and increasing environmental protection regulations.GSE Environmental (US), TenCate Geosynthetics (US), Maccaferri S.P.A. (Italy), ABG LTD (UK), and Thrace Group (Greece) are the key players operating in the geocomposites market.
The GFRG market is projected to reach USD 3.44 Billion by 2023, at a CAGR of 7.0% between 2018 and 2023. The growth of the GFRG market can be attributed to the increasing use of GFRG in construction activities, owing to their exceptional properties, such as aesthetic appeal, sound absorption, fire resistance, moisture resistance, and rapid construction.Formglas (US), USG Corporation (US), Chiyoda UTE (Tokyo), Continental Building Products (US), CertainTeed (US), Knauf Danoline (Denmark), Saint-Gobain Gyproc (France), and Georgia-Pacific (US) are the key players operating in the GFRG market. These players offer a wide range of GFRG to strengthen their competitive position and cater to the growing demand for GFRG from the building & construction industry.
The global Glass Fiber Reinforced Plastics (GFRP) composites market is projected to grow from USD 43.93 Billion in 2017 to USD 59.87 Billion by 2022, at a CAGR of 6.4% during the forecast period. The GFRP composites market is growing due to the high demand for wind blades from the wind energy electrical & electronics, pipes & tanks, construction & infrastructure, and transportation industries. GFRP composites are preferred, as they can reduce the weight of the product and are stronger than metallic parts. The GFRP composites market witnessed strong growth in the past few years due to the growing use of GFRP composites in the US, Germany, China, Brazil, and Japan. Some of the key players in the GFRP composites market are Owen Corning (US), Jushi Group (China), Nippon Sheet Glass (Japan), PPG Industries (US), Saint Gobain (France), and others. These players have adopted various organic and inorganic developmental strategies in the past 5 years to maintain their position in the global GFRP composites market.
The global structural core materials market was USD 1.40 Billion in 2016 and is projected to reach USD 2.32 Billion by 2022, at a CAGR of 8.8% during the forecast period. The use of structural core materials is becoming crucial in the wind energy, aerospace, marine, transportation, construction, and other industries. Furthermore, structural core material manufacturers are signing supply agreements with various end-use industries to secure their position in the structural core materials market. Some of the leading manufacturers of structural core materials are Diab Group (Sweden), Hexcel Corporation (US), Schweiter Technologies (Switzerland), Euro Composites (Luxembourg), Gurit Holding (Switzerland), The Gill Corporation (US), Changzhou Tiansheng New Materials Co. Ltd. (China), Plascore Incorporated (US), Armacell International (Luxembourg), and Evonik Industries (Germany). These players adopted various organic and inorganic developmental strategies between 2013 and 2017.