Global Composites Market to Rise at a Remarkable CAGR of 8.9% during the Forecast Period of 2017 – 2025:MRRSE

Increasing demand for lightweight materials for aircraft and automotive components and escalating demand for wind energy is likely to drive the global composites market over the next few years. Considering this fact, a new research report with a title “Composites Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been recently added to the vast online repository of Market Research Reports Search Engine (MRRSE). This report on composites market analyzes the current status as well as future prospects of the market across the world.

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The global composites market is expected to rise at a healthy CAGR of 8.9% between 2017 and 2025. Rising at this pace, the market will reach a valuation of US$101.88 billion by the end of 2025 from US$47.32 billion in 2016. This report studies, estimates, and forecasts the global composites market in terms of revenue (US$ Million) and volume (Kilo tons) from 2017 to 2025. The report also evaluates various driving and restraining factors and their impact on the market during the assessment period.

The report provides a detailed view of the composites market on the basis of applications. Major applications included in the report are construction, aerospace & defense, automotive & transportation, electrical & electronics, marine & oil & gas, wind energy, and other. Based on technology, the market is segmented into layup process, filament winding, compression molding, pultrusion process, injection molding, resin transfer molding, and others. In terms of product type, the market is divided into metal matrix composite, polymer matrix composite and ceramic matrix composite. Additionally, the report divides the market based on geography into segments such as Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. It also features market volume and revenue for each segment.

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Finally, the report includes an overview of the market share of leading companies operating in the global composites market. Some of the key players profiled in the composites report include Hexcel Corporation, Owens Corning, Teijin Limited, Faurecia, Performance Composites Inc., TPI Composites, Inc, Enduro Composites, Inc., Toray Industries, Hexagon Composites, KINECO, Creative Composites Ltd., APPLIED POLERAMIC INC., HITCO Carbon Composites, Inc., The Quadrant Group of Companies, Kangde Xin Composite Material Group Co., Ltd., BGF Industries, Inc., Fokker Aerostructures, COTESA GmbH, PLASAN CARBON COMPOSITES, Wethje Carbon Composites, FACC AG, Premium Aerotec, VELLO NORDIC AS, Fiberdur GmbH & Co. KG, Akiet B.V., and FILL GESELLSCHAFT M.B.H.

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