According to Fortune Business Insights, the global composites market size was USD 99.91 billion in 2019 and is projected to reach USD 112 billion by 2027, exhibiting a CAGR of 6.88% during the forecast period, 2020-2027 | Growing Preference for Sustainable Materials in Emerging Economies to Generate Lucrative Opportunities in the Composites Market
Pune, India, Aug. 08, 2022 (GLOBE NEWSWIRE) -- The global composites market size is projected to reach USD 112 billion by 2027, exhibiting a CAGR of 6.88% during the forecast period. Increasing utilization of composite materials in 3D printing applications will broaden the horizons of this market, observes Fortune Business Insights™ in its report, titled “Composites Market Size, Share and Global Trend and Regional Forecast, 2020-2027”.
3D printing technology holds enormous potential for the manufacturing sector, allowing producers to efficiently create parts, machinery, and equipment at relatively low costs. Most of the 3D printers available today use Fused Filament Fabrication (FFF), a polymer-extrusion process for composites. For example, US-based additive manufacturer, Mark forged, developed the continuous fiber 3D printing method and currently offers a variety of industrial 3D printers, with the main focus on functional prototyping and end-use manufacturing. Another US-based company, Desktop Metals, launched its Fiber 3D Printer in 2019, which combines the traditional Automated Fiber Placement technology with FFF. These advancements are expected to provide a solid push to the growth trajectory of this market in the foreseeable future.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/sample/composites-market-102295
List of Key Companies Profiled in the Composites Market Report:
The unprecedented health and economic crisis created by the COVID-19 pandemic has severely impacted industrial activities. Businesses have either been forced to shut down or are experiencing massive revenue losses. To enable your business to survive these trying times, Fortune Business Insights™ offers comprehensive market research reports based on our experience and expertise. These reports contain a detailed impact analysis of the coronavirus pandemic on the market of your concern.
Report Scope & Segmentation:
By Type, End-user and Regional Insights
Rising Demand for Efficient and Durable Materials in the Construction Industry to Propel Growth
Development of Lightweight Polymers to Create Promising Prospects for the Market
According to the report, the global market value stood at USD 99.91 billion in 2019. The other highlights of the report include:
Deep insights into the trends, drivers, opportunities, and challenges shaping the market;
Actionable analysis of the market segments;
Tangible research into the regional developments impacting the market; and
Thorough evaluation of the key market players and their strategies.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/composites-market-102295
Rising Demand for Electric Vehicles to Surge the Adoption of Composites
Electric vehicles (EVs) are witnessing skyrocketing demand as consumers are actively looking to reduce their spending on gasoline and lower emissions. According to the International Energy Agency (IEA), 2.1 million EVs were sold in 2019. The key to enhancing the energy efficiency of these vehicles is to bring down their weight. Composite materials are expected to play an instrumental role in facilitating these requirements and research has been conducted in this area for over a decade now.
For example, in 2010, Imperial College London and its European partners engineered a carbon fiber composite to make lightweight and high-strength body panels and structural parts for hybrid EVs. More recently, the Fraunhofer Institute for Structural Durability and Systems Reliability in Germany initiated the Optimized Energy Management and Use (OPTEMUS) project in 2015. Funded by the European Union, the project has developed a composite that functions as a phase change material and effectively manages EV temperature and range. The vast potential of composites in EV manufacturing is, thus, foreseen to drive the global market in the upcoming years.
Prominent Presence of Industry Players to Favor Growth in the Asia Pacific Market
Asia Pacific dominated the composites market share with a size of USD 43.76 billion in 2019 on account of the strong presence and robust operations of some of the biggest players in the composites industry such as Toray and Mitsubishi. These companies have been injecting large amounts of funds into research and development to create new composite solutions and meet the rapidly rising demand for these materials from diverse industries in the region.
The market in North America is benefiting from the extensive utilization of composite materials by the region’s well-established aerospace & defense industry. In Europe, the market dynamics will be primarily shaped by the region’s massive automotive industry, increasing uptake of EVs, and favorable government policies promoting the adoption of lightweight materials in vehicle manufacturing.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/composites-market-102295
Expansion & Acquisitions to be the Mainstay Strategies of Key Players
Chief among the strategies adopted by the key players in this market are calculated territorial expansion and tactical acquisition activities. These strategies are aiding large companies in the market to widen their offerings, strengthen the global market foothold, and penetrate emerging markets.
Overview of Global Composites Production
Impact on COVID-19 on the Composite Market
Global Composites Market Analysis, Insights and Forecast, 2016-2027
Market Analysis, Insights and Forecast – By Matrix
Market Analysis, Insights and Forecast – By Application
Market Analysis, Insights, and Forecast – By Region
January 2020: Teijin Limited announced the establishment of the Teijin Automotive Center Europe GmbH in Germany, which will serve as a new base for technical operations for the company’s automotive composites business.
September 2019: INEOS Enterprises completed the acquisition of the entire composites division of Ashland Global Holdings, including a BDO facility in Germany. Ashland’s businesses in this domain boast combined annual sales revenue of USD 1.1 billion, with sites in the Middle East, Europe, the Americas, and Asia.
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/composites-market-102295
Fiber Reinforced Polymer Composites (FRP) Market Size, Share and Regional Forecast, 2022-2029
Carbon Fiber Market Size, Share, and Regional Forecast, 2021-2028
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower, Baner –
Email: sales@fortunebusinessinsights.com
LinkedIn Facebook Twitter
The major stock market indexes relinquished morning gains in afternoon trading on Friday, dropping to lows for the day. Market players hit the exits on news that Russia will suspend natural gas pipeline shipments to Germany. The Nasdaq changed course, now down 0.5%. The S&P 500 has shed 0.2% while the Dow Jones Industrial Average has dropped 0.2%. The Russell...
‘Rich Dad Poor Dad’ sees a window to get rich. He might be right.
Nio's August deliveries soared year over year, but there are plenty of clouds on the horizon too.
KeyBanc Capital Markets Equity Research Analyst John Vinh joins Yahoo Finance Live to discuss Broadcom earnings, chip stocks, supply chain issues, U.S. government banning the export of chips to China, and the outlook for the space.
(Bloomberg) -- Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm. Most Read from BloombergGlobal Bonds Tumble Into Their First Bear Market in a GenerationLukoil Chairman Ravil Maganov Dies After Falling From Hospital WindowPutin Brings China and India to Russia for War Games Defying USStocks Head for Weekly Losses on Rat
Electric vehicle (EV) charging network company ChargePoint Holdings (NYSE: CHPT) gave investors a mixed fiscal 2023 second-quarter earnings report earlier this week. ChargePoint exceeded the high end of its prior guidance for revenue. The company had told investors to expect revenue of between $96 million and $106 million for the period, and it achieved $108.3 million in sales.
A high-yielding dividend stock that pays more than 7% might sound too risky to consider. As a result, many dividend stocks are paying higher yields than they were a year ago. One healthcare stock that stands out for its high payout today is Medical Properties Trust (NYSE: MPW).
Aurora Cannabis, Canopy Growth, OrganiGram Holdings, and Tilray Brands are all in the red yet again today.
Call me the world’s happiest cynic, then, because when I predicted the utter and catastrophic failure of Facebook’s rebranding as “Meta” starting less than a year ago, I genuinely didn’t think it would all unravel as quickly and ignominiously as it has. Horizon Worlds, Meta’s intended metaverse, went live in December and, my god, it has been downhill from there. The good news is that we’re getting a lot of free entertainment out of Mark Zuckerberg’s attempts to be “the face” of this dead-end transition, and the past few weeks have seen some real highlights, culminating with a transcendently embarrassing appearance on Joe Rogan’s podcast last week.
When a loved one passes away, it can be an emotional experience. Unfortunately, handling the deceased's finances can add to this stress. While most people know that you need to file a final tax return for the deceased, most people … Continue reading → The post Income in Respect of a Decedent (IRD) appeared first on SmartAsset Blog.
(Reuters) -Private equity firm Oak Street Real Estate Capital LLC has made an offer to acquire as much as $2 billion of property from Kohl's Corp and have the U.S. retailer lease back its stores, according to people familiar with the matter. Oak Street's interest offers Kohl's another chance to cut a deal after negotiations to sell itself to Franchise Group Inc, owner of the Vitamin Shoppe, for almost $8 billion fell through in July over the department store operator's deteriorating business prospects. Oak Street had sought to help finance Franchise Group's bid.
Here's everything we expect to see at Apple's Sept. 7 iPhone event.
Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%. However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently be
Cathie Wood's ARK Invest cut its stake in Nvidia ahead of the graphic chipmaker's results last month. Now it's snapped up the stock which has dropped to a 52-week low.
Chinese stocks have come under pressure for various reasons over the past year and a half or so; a slowing economy has been one cause while domestic tussles with the regulators haven’t helped either, particularly for those in the tech sector. Another element keeping sentiment low and impacting performance has been the fear of de-listing for U.S.-listed Chinese stocks. This is on account of Chinese companies not meeting U.S. auditing standards. But the prospects of de-listing might be less likely
Recently, Zacks.com users have been paying close attention to Energy Transfer LP (ET). This makes it worthwhile to examine what the stock has in store.
U.S. stocks fell sharply on Friday, surrendering all of the gains from a post-jobs report rally ahead of the Labor Day holiday weekend.
The FDA offered mixed messages Friday for Amylyx Pharmaceuticals' experimental neurological treatment, and shares crashed.
Former Chase Chief Economist Anthony Chan and J.P. Morgan Asset Management Global Market Strategist Jordan Jackson join Yahoo Finance Live to discuss the August jobs report, labor supply, labor demand, rate hikes, and the outlook for the economy amid recessionary fears.
Exploration and production businesses are witnessing big gains from a healthy crude price trajectory. Thus, Diamondback (FANG), Pioneer (PXD) & Matador (MTDR) are poised to benefit.