Growth Opportunities in Global Composites Industry 2016–2021, May 2016
The global composites market is anticipated to witness good growth with a CAGR of 3.5% overthe next five years. The major drivers of growth for this market are double-digit growth in windenergy and strong growth in aerospace market. Increasing urban population and high growth inthe building and infrastructure development are other major drivers.global composites industry and presents its findings in “Growth Opportunities in Global
Composites Industry 2016-2021.”
The Asian region, which has already emerged as the largest growth area for the compositesindustry, is expected to further consolidate its leadership. Asia is anticipated to have a marketshare of approximately 47.7% by volume in 2021. North America is expected to be second withan estimated market share of 26.2% in 2021. Nevertheless, comparatively lower levels of percapita composites consumption is anticipated to help high growth markets in BRIC countriessustain momentum for a longer period. On a global basis, the composites industry is forecast togrow by 3.5% in 2016. Improving economic conditions in major countries, such as the US and
Europe are expected to propel the global composites market once again towards strong growth.
Lucintel’s research further reveals that demand for composite materials in the aerospace sector isexpected to witness the maximum growth among all sectors. Construction and transportation areanticipated to witness good growth in the next five years. Carbon fiber composite applications areexpected to grow more rapidly compared to glass fiber applications.
In the future, Lucintel expects higher market fragmentation for the industry due to the emergingeconomies coming into play. The future market is expected to be highly competitive, andcompanies with innovative capabilities can be anticipated to thrive and gain market share.
Emerging trends, which have a direct impact on the dynamics of the industry, includedevelopment of low-cost carbon fibers for automotive, wind and industrial applications.
Development of high performance glass fiber and shorter cycle time of resin system is otheremerging trends in composites industry.
This report by Lucintel provides a concise overview of the global composites market. The studycontains detailed analysis of different raw material use such as glass fiber, carbon fiber, aramidfiber, UPR, epoxy, vinyl ester, phenolic, polyurethane and thermoplastic resin.
The data and analysis found in this report can be utilized for a variety of functional businessreasons including business development, strategic planning, business presentations,determination of market size and trend, competitive analysis, investment decisions, businessvision, and joint product development.
This report is a must-have report by every company working in the composites industry. Intoday’s global economy, you need every advantage that you can find to keep you ahead in yourbusiness. Learn about current and future trends, identify key players, and explore the directionsthat the industry and different segments are heading.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in thismarket. This report will save hundreds of hours of your own personal research time and willsignificantly benefit you in expanding your business in this market. In today’s stringent economy,you need every advantage that you can find.
Features of This Report:
To make any investment, business or strategic decisions, you need timely and robust marketinformation. This market report fulfills this core need. This is an indispensable reference guide forcomposite material suppliers, product manufacturers, investors, researchers, engineers,distributors and many more, who are dealing with the composites industry.
Some of the features of “Growth Opportunities in Global Composites Industry 2016-2021” include:
Market size and growth rates of the global composites market.
Market for FRP and advanced composites.
Global composites industry size in terms of value and volume.
Global composites industry trend (2010-2015) and forecast (2016-2021) in terms of valueand volume by region, such as North America , Europe, Asia Pacific and ROW
Global composites industry trend (2010-2015) and forecast (2016-2021) in terms of valueand volume by application, such as Transportation, Marine, Wind energy, Aerospace,
Pipe and tank, Construction, Electronic & Electricals, Consumer goods, and Others.
Market size estimates for reinforcements and resins
Market size estimates for global commodity composites and advanced composites
Market size estimates of global composites by molding compounds.
Market breakdown by applications and key regions of North America, Europe, Asia
Pacific, and Rest of the World
Market size estimates of global composites by end product market for 2015 and 2021
Market size estimates of global carbon fiber market by tow size, pan and pitch type.
Market size estimates of glass fiber and by type of product form.
Composites market by country, such as China, India, US, and Germany
Competitive analysis between steel, aluminum, plastics and the composites industry
Market breakdown by manufacturing technologies by manufacturing process, by marketsegments, and by various material types
Thermoset and thermoplastic composites market size
Market outlook and global trends in automotive, marine, construction, aerospace andother important market segments with needs and challenges of various market segments
Value chain analysis. Dollar and gross profit flow through various nodes of the valuechain (from raw material to final application)
Material price and property comparison. Fiber and resin price history and forecast.
Material prices of fibers, resins, fabrics, prepregs, adhesives.
Company profiles of material and end product manufacturers
Current innovations in Global composites industry
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