The Composites Global Market Report 2021-31 by The Business Research Company describes and explains the global composites market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Composites Global Market Report 2022 covers composites market drivers, composites market trends, composites market segments, composites market growth rate, composites market major players, and composites market size.
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The composites market report provides in-depth analysis of the impact of COVID-19 on the global composites industry along with revised market numbers due to the effects of the coronavirus and the expected composites market growth numbers for 2022-2031.
The global composites market size is expected to grow from $80.21 billion in 2021 to $87.86 billion in 2022 at a compound annual growth rate (CAGR) of 9.53%. The growth in the market is mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global composite market share is expected to reach $131.66 billion in 2026 at a CAGR of 10.64%.
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Composites Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the composites market segments-
1) By Product: Carbon Fiber, Glass Fiber
2) By Manufacturing Process: Layup Process, Filament Winding Process, Injection Molding Process,
Pultrusion Process, Compression Molding Process, Resin Transfer Molding Process, Others
3) By Resin Type: Thermoset Composites, Thermoplastic Composites
4) By End-Use Industry: Aerospace and Defense, Wind Energy, Automotive and Transportation, Construction and Infrastructure, Marine, Pipe and Tank, Electrical and Electronics, Others
Top 5 Major Key Players Are:
DuPont
Gurit
Henkel Corporation
Hexcel Corporation
Kineco Limited
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