Global Sports Composites Market 2017-2021
About Sports Composites
A composite material is a mixture of two and more materials. It constitutes matrix and reinforcing materials. Matrix materials are the basic materials, such as polymers, metals, inorganic non–metals, and ceramics, and reinforcing materials are those that add strength and reinforce the matrix materials, such as different fibers. Thus, the strength of the fiber is usually much stronger than that of the matrix materials, making it the main load taker. The most common types of composites used in the sports industry are carbon fiber composites and glass fiber composites.
Technavio’s analysts forecast the global sports composites market to grow at a CAGR of 6.30% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sports composites market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sports Composites Market 2017-2021
Technavio recognizes the following companies as the key players in the global sports composites market: DuPont, Hexion, SGL Group, TOPKEY, and TORAY INDUSTRIES.
Other Prominent Vendors in the market are: Attwater & Sons, Gordon Composites, Rockwood Composites, Protech Composites, and Saint-Gobain Vetrotex.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is New techniques for recycling composite materials. The growing use of composite materials in different applications and the increasing number of regulations on the disposal of the materials in landfills have created the need for more cost-effective methods of recycling composite materials. The current methods for recycling are incineration and landfills. The emerging methods that are used for recycling are mechanical recycling for glass fiber-reinforced composites, and thermal and chemicals methods for carbon fiber-reinforced composites.”
According to the report, one of the major drivers for this market is Increase in sporting activities. The disposable incomes of people are increasing in the developing countries because of the increase in the per capita income. This increased income enables people to indulge in more sporting activities and outdoor activities, such as skis, water sports, and trekking. There is an increasing demand for customized sports products. Customers are willing to pay a premium amount to get superior quality products.
Further, the report states that one of the major factors hindering the growth of this market is Composites are expensive. Composites have many beneficial properties, but these composites are very costly when compared to materials such as plastics, metals, and other polymers. Among all the composites materials, carbon composites are the most expensive. The manufacturing process used is thermal pyrolysis, and the economies of scale will not be beneficial as the manufacturing process is slow and energy intensive.
DuPont, Hexion, SGL Group, TOPKEY, TORAY INDUSTRIES, Attwater & Sons, Gordon Composites, Rockwood Composites, Protech Composites, and Saint-Gobain Vetrotex.