Between 2021 and 2026. These composite materials have excellent properties such as stiffness, strength, toughness, density, thermal and electrical conductivity, fatigue and corrosion resistance. Because composite materials provide these excellent properties, traditional materials, such as aluminum and steel, are not favored in high-performance applications.
New York, December 6, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of the report "Composite Materials Market by Fiber Type, Resin Type, Manufacturing Process, End Use Industry and Region-Global Forecast to 2026"- https ://www.reportlinker.com/p05088873/?utm_source=GNW However, the global pandemic COVID-19 has forced automobile, wind blade and aircraft manufacturers to close their businesses, leading to a decline in demand for composite materials in 2020. Natural fiber In terms of value, composite materials are the fastest-growing fiber-type composite material market. Natural fiber composite materials are expected to achieve the highest compound annual growth rate between 2021 and 2026. Natural fibers, such as flax, hemp, jute, and kenaf, and polymer matrices, such as polypropylene, epoxy, polyethylene, or polyester, form natural fiber composites. In many end-use industries, the use of natural fiber composites is growing as a substitute for glass fiber composites. In terms of value, thermoplastic composites are the fastest-growing resin-type composites. Thermoplastic composites are the fastest growing resin type. Thermoplastic composites are easy to reshape and transform, so they can be reused. Therefore, these companies are investing in the research and development of large-scale production of thermoplastic composite materials to reduce their costs. However, continued blockades in the United States, Spain, Italy, India and other countries have suspended the production of autos, aircraft parts, wind blades and other parts, which has an adverse impact on composite manufacturers and may reduce the demand for composite materials from all parties. . Terminal industry. In terms of value, the resin transfer molding (RTM) manufacturing process is the fastest growing composite manufacturing process. RTM is a vacuum-assisted resin transfer process that uses flexible solid counter tools for surface compression. This process can improve laminate compression rate, high glass-to-resin ratio and excellent strength-to-weight characteristics. It is mainly used for moulding parts with large surface area, complex shape and smooth surface. Due to the increasing applications of the automotive and construction industries in emerging countries, the growth prospects of RTM technology in the next five years are very good. It is the most promising technology today because it can produce large and complex three-dimensional parts with high mechanical properties, strict dimensional tolerances and high surface finish. In terms of value, wind energy is the fastest-growing end-use industry for composites. It is expected that during the forecast period, wind energy will grow at the highest compound annual growth rate. The use of composite materials in wind turbines can provide high tensile strength, helping manufacturers achieve larger blades and higher energy output. Due to its corrosion resistance, composite materials enable wind turbines to work in the harshest environments, thereby helping the development of the wind industry. Due to COVID-19, various wind blade manufacturing facilities have undergone partial production, which will affect the demand for composite materials in the wind energy sector in 2020. The Asia-Pacific region is the fastest-growing composites market. During the forecast period, the Asia-Pacific region is expected to achieve the highest compound annual growth rate in terms of the value of the global composites market. The Asia-Pacific region will dominate the composites industry in 2020. Compared with their European and North American counterparts, composite manufacturing companies have ample opportunities in the Asia-Pacific market due to low-cost labor and raw materials. Due to COVID-19, composite material manufacturers and many companies have stopped their production bases in various countries/regions, which has led to a reduction in the demand for composite materials in countries in the Asia-Pacific region. The recovery of the end-use industry and the recovery of the supply chain will drive demand for composite materials during the forecast period. This research has been verified by preliminary interviews with many industry experts around the world. These main sources are divided into the following three categories: • By company type-Level 1-40%, 2nd 33% and 3rd 27% • By designation-Level C-50%, Director level-20%, and others -30% • By region-North America-15%, Europe-50%, Asia Pacific (APAC)-20%, Latin America-5%, Middle East and Africa (MEA) -10%, the report provides a comprehensive overview of the following companies Analysis: • Owens Corning (USA) • Toray Industries (Japan) • Teijin Co., Ltd. (Japan) • Mitsubishi Chemical Holdings (Japan) • Hexcel Corporation (USA) • SGL Group (Germany) • Nippon Electric Glass Co. Ltd. (Japan) • Huntsman International LLC. (United States) • Solvay (Belgium) Research Coverage This report covers the global composite materials market and predicts the market size by 2026. The report includes market segmentation-fiber type (glass fiber composite material, carbon fiber composite material, natural fiber composite material and others), resin type (thermoset composite material and thermoplastic composite material), manufacturing process (laminate, fiber winding, injection molding) , Pultrusion, compression molding, RTM, etc.), end-use industries (aerospace and defense, wind energy, automotive and transportation, construction and infrastructure, ships, pipelines and storage tanks, electrical and electronic products, etc.) and regions (Europe, North America, Asia Pacific, Latin America and MEA). The report discusses Porter's five forces analysis, as well as driving factors, constraints, opportunities and challenges. It also provides company profiles and competitive strategies adopted by major players in the global composites market. The main benefits of purchasing this report: The report will help market leaders/new entrants in this market in the following ways: 1. This report comprehensively subdivides the global composites market and provides the closest income of the entire market and sub-markets approximation. Market segments across different verticals and regions. 2. The report helps stakeholders understand the pulse of the composites market and provides them with information on key market drivers, constraints, challenges and opportunities. 3. The report will help stakeholders to better understand competitors and gain more insights, so as to better occupy an advantage in their business. The competitive landscape includes competitors' ecosystems, new product development, agreements, and acquisitions. Reason for purchasing this report: This report will provide market leaders/new entrants with the closest approximation of the overall composite material market and sub-segment revenue. The report will help stakeholders understand the competitive landscape and gain more insights, and position their business and market strategies in a better way. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, constraints, challenges and opportunities. Read the full report: https://www.reportlinker.com/p05088873/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so that you can get all the market research you need instantly in one place. __________________________
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