Composites Market Forecast to Grow at a CAGR of 7.04% -MRH

Posted July 16, 2016 by Rohini

The global Composites Market is projected 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 Composites Market is projected 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. This high growth is attributed to increasing use of composites in the aerospace & defense, wind, and transportation applications.

Complete report on Composites Market spread across 202 pages, 14 profiling companies and supported with 86 tables and 68 figures is now available at .

Aerospace & defense applications is account for the largest share of the composites market. Composite structures are designed to survive extreme operating conditions such as high stress, shock, and impact loads. These requirements of complex aerospace structures are fulfilled by composites. There is an increase in the demand for composites due to new aircraft programs, including the Airbus A350 XWB and A320 neo and the Boeing 787 and 737 MAX. This trend is expected to continue in the next five years due to the delivery backlog of aircrafts from major aerospace manufacturers.
Asia-Pacific dominated the composites market, followed by North America. It is also the most promising market for composites in the next five years. Rapid industrialization and urbanization have led to increase in demand for composites from construction, wind, pipe & tank, automotive, electronics & semiconductor, and other industries in the region. China is expected to have the largest market share in the Asia-Pacific region due to its rapidly growing manufacturing sector in the country.
Ask for a discount before order a copy of 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 at .

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of primary discussion participants is given here Tier 1 (70%); Tier 2 (25%) and Tier 3 (5%) companies were contacted for interviews. The interviews were conducted with various key people such as C-Level (31%) and Director Level (23%) and other (46%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (65%), Europe (24%), Asia Pacific (9%) and RoW (2%).
The various key players profiled in the report are as Cytec-Solvay Group (U.S.), E.I. DuPont Nemours & Co. (U.S.), Huntsman Corporation (U.S.), PPG Industries (U.S.), Toray Industries (Japan), Teijin Limited (Japan), Owen Corning (U.S.), Hexcel Corporation (U.S.), Momentive Performance Materials, Inc. (U.S.), SGL Group (Germany), Saint-Gobain (France), Weyerhaeuser (U.S.), Chongqing Polycomp International Corporation (China), Jushi Group (China)
The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
On a related note, another research titled Natural Fiber Composites Market by Type (Wood Fiber and Non-Wood Fiber), Manufacturing Process (Compression Molding, Injection Molding, and Others), Application (Building & Construction, Automotive, and Electrical & Electronics), and Region - Global Forecasts to 2021. The Natural Fiber Composites (NFCs) market is projected to reach USD 6.50 billion by 2021, expected to register a CAGR of 11.68% between 2016 and 2021. Now available at .

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Issued By Market Report Hub
Country India
Categories Business , Engineering , Science
Tags composites market
Last Updated July 16, 2016