Composites Market 2019 Share and Forecast to 2026

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Composites Market To Reach USD 146.14 Billion By
2026
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Market Summary
Rising demand for lightweight materials in
defense, aerospace and automotive industries is a
major factor influencing market growth. Market
Size USD 88.44 Billion in 2018, Market Growth -
CAGR of 6.2, Market Trends Growing
applications in the automotive and transportation
industry.
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Our Approach
Market Summary

• The global Composites market is expected to reach
  USD 146.14 Billion by 2026, according to a new
  report by Reports and Data. This can be mainly
  associated with the rising demand for lightweight
  materials in defense, aerospace and automotive
  industries.
• Composites are lightweight when compared to most
  woods, metals, and alloys, which is an essential
  requirement for automobiles and aerospace
  industries since reducing the weight reduces the
  amount of fuel it needs and increases the speeds
  of the automobiles and aircraft. Furthermore,
  composites are also resistant to damage from
  weather, temperature changes, and harsh chemicals
  along with being non-corrosive. For instance,
  composites can be a good choice where chemicals
  are handled or stored.
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Our Approach
Market Summary

• Further key findings from the report suggest
• The market is segmented on the basis of resin
  type into thermoset composites, thermoplastic
  composites and others.
• Thermoset resin dominated the market, with a
  share of 59 in 2018.
• Thermoset composites are synthetic materials that
  get strengthened when heated without losing their
  plasticity, suitable for highly corrosive and
  high-temperature applications and are majorly
  used in construction infrastructure, marine,
  aerospace and wind energy industries.
• The market is segmented on the basis of product
  type into polymer matrix composite, metal matrix
  composites, and ceramic matrix composites.
• Polymer matrix composite dominated the market in
  2018 and is forecasted to witness a growth of
  7.6 during the forecast period, due to the
  growth of glass and carbon fibers.
• The market is segmented on the basis of process
  into pultrusion process, layup process, filament
  winding, compression molding, injection molding,
  resin transfer molding, automated fiber
  placement, and automated tape laying.
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  report-detail/composites-market

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Our Approach
Market Summary

• Key participants include Owens Corning, Toray
  Industries, Inc., Teijin Limited, Mitsubishi
  Chemical Holdings Corporation, SGL Group, Nippon
  Electric Glass Co. Ltd., Koninklijke Ten Cate BV,
  Huntsman International LLC., Solvay, Hexcel
  Corporation, Hexion, E. I. Du Pont Nemours Co.,
  Weyerhaeuser Company, Chongqing Polycomp
  International Corporation and Jushi Group Co.,
  Ltd., among others.
• For the purpose of this report, Reports and Data
  have segmented global Composites Market on the
  basis of resin type, product type, industry
  vertical, process, and region
• Resin type Outlook (Volume, Kilo tons 2018-2026
  and Revenue, USD Billion 2018-2026)
• Thermosetting Composites
• Thermoplastic Composites
• Others
• Product type Outlook (Volume, Kilo tons
  2018-2026 And Revenue, USD Billion 2018-2026)
• Polymer Matrix Composites
• Carbon Fiber Reinforced Plastic
• Glass Fiber Reinforced Plastic
• Others (Aramid fiber composites, etc.)

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Our Approach
Market Summary

• Industry vertical Outlook (Volume, Kilo tons
  2018-2026 And Revenue, USD Billion 2018-2026)
• Automotive Transportation
• Aerospace Defense
• Electrical Electronics
• Wind Energy
• Construction Infrastructure
• Pipes Tanks
• Marine
• Others
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Our Approach
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