The global Composites Market was valued at $79.87Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $140.3Billion.
Composites are made of two or more different material made with different physical & chemical properties. Composites can be natural or synthetic. Two materials in which one of the materials called reinforcing phase is the form of fibers, particles & sheets & is embedded on other material is called matrix phase, some advantage of composite materials is as it is a corrosion resistance, fatigue resistance, lower assembly cost, weight reduction.
Composites can be very strong & stiff, yet very light in weight so ratios of strength to weight& stiffness to weight are several times greater than steel or aluminum Composite material is generally used for bridge, building, structures such as swimming pool panels, bath tubes, storage tanks, cultured marble sinks.
“Optimal Price Point (OPP) for Composites
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Composite materialsare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Composites “by Product Categories”
We have segmented the Composites based on product categories as Carbon & Glass.
Carbon composites is a carbon fiber reinforced composites it is reinforced by graphitic fiber carbons. It is excellent in thermal shock resistance, high modulus of elasticity, low coefficient of friction, high abrasion resistance, high electrical conductivity, non-brittle failure. Carbon composites are mainly used in Aircraft, F1 racing cars & train brakes.
Glass composites are made by fusing silica with minerals which contain the oxide needed to form a given composition the molten mass is rapidly cooled to prevent crystallization & form into glass composites
We have segmented the Composites market based on product Resign are Thermosetting & Thermoplastic.
Thermosetting: Thermosetting is a chemical process in which materials transform from liquid to solid. The material has very small & unlinked molecules addition of the second catalyst activate influence will intake the chemical reactions during this reaction. The molecules cross-links& form long molecular chain causing the material to solidify so these will cause the material to degrade.
Thermoplastics: it is evolved with structural polymer composites with many benefits like low density, good mechanical properties, combined with good insulation & environmental resistance they suffered from a chemical instability. when heated they soften & can be remolded without degradation.
Composites Market by “Manufacturing Process”
We have segmented the Composites market based on Manufacturing process as Layup, Filament winding, Injection molding, pultrusion, Compression Molding, Resin Transfer Molding, others.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of composites materials followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include Asia Pacific, Europe, North America, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for composite market due to the demand for Aircraft, Automobiles, wind energy, construction. The Asia Pacific is expected to have the highest growth due to China & this would be followed by Europe.
Expanding, vehicles, windmill,Aircraft, infrastructure with the increasing populations generates a demand for composite. We are observing that a Wood plastic composite is a good option as it can create good impact for Aerospace& Automotive sectors.
“Competitive Landscape”and“Merger& Acquisition Insights”
The key market participants include Yunnan Yuntianhua Co., Teijin Indonesia Fiber Tbk, Taiwan Glass Industry Corporation, Saint-Gobain Vetrotex, Nippon Graphite Fiber Company, Mitsubishi Plastics, Micro Biopharm Japan Co. Ltd, area few major players in Composites markets.The market for composites is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Composites by product Categories(Revenue, Million, 2014 – 2025)
Composites Market by Resin(Revenue, Million, 2014 – 2025)
Composites Market by Manufacturing Process(Revenue, Million, 2014 – 2025)
- Filament Winding
- Injection Molding
- Compression Molding
- Resin Transfer Molding
Composites Market Regional Outlook (Revenue,USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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