Composites Market Size Worth USD 163.23 Billion by 2026; Successful Acquisition of AIM Aerospace by Sekisui Chemical to Create Lucrative Business Opportunities, States Fortune Business Insightstm

Key Companies Profiled are Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, SGL Carbon, Huntsman International LLC. , Solvay, Exel Group, Veplas d.d., Composite Solutions, and others

PUNE, India, Feb. 26, 2020 /PRNewswire/ -- Composites Market Overview:

The global Composites Market size is expected to reach USD 163.23 billion by 2026, exhibit a CAGR of 7.26% during the forecast period. The rising demand for aircrafts and the surge in the aerospace industry will contribute positively to the growth of the market in the forthcoming years. As per the survey conducted by India Brand Equity Foundation, India is estimated to become the third-largest aviation industry in terms of passengers by 2024. The surge in foreign investment for air transport services and domestic passenger airlines will have a drastic impact on the Composites Market revenue during the forecast period.

Moreover, India Brand Equity Foundation states, the investment in India's airport infrastructure can reach up to $5.99-6.41 billion in the future. The interest by government authorities in the improvement of airport facilities will subsequently aid the Composites Market revenue in the forthcoming years.

According to the report, published by Fortune Business Insights in a Report, titled "Composites Market Size, Share and Global Trend By Matrix (Polymer matrix composites, Ceramic matrix composites and Metal matrix composites), by Polymer matrix composites (Fiber {Glass, Carbon, Aramid} and Resin {Thermoset, Thermoplastics}) and by Application (Automotive & Transportation, Building & Construction, Electrical & Electronics goods, Pipes & tank manufacturing, Consumer goods, Wind power, Maritime, Defense & aviation and Others) and Geography Forecast till 2026. The market size stood at USD 93.68 billion in 2018.

Request a Sample Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/composites-market-102295

List of Best Companies Present in the Global Composites Market are;

• Owens Corning
• Toray Industries, Inc.
• Teijin Limited
• Mitsubishi Chemical Holdings Corporation
• Hexcel Corporation
• SGL Carbon
• Huntsman International LLC.
• Solvay
• Exel Group
• Veplas d.d.
• Composite Solutions
• Others

The report is aimed at delivering a comprehensive description of the Composites Market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER's analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the market. It further examines the ways and components convincing market expansion, growth patterns, restricting factors, and market strategies.

Browse Summary of this Research Report:
https://www.fortunebusinessinsights.com/composites-market-102295 

Significant Development:

Successful Acquisition of AIM Aerospace by Sekisui Chemical to Enable Speedy Expansion

Sekisui Chemical Co. Ltd, a part of SEKISUI America Corporation (SAC), announced the acquisition of AIM Aerospace, a leading company in manufacturing carbon fiber, thermoplastics, intelligent composite manufacturing automation, and aerospace interiors. The increasing acquisitions and mergers of companies will promote the Composites Market share during the forecast period. Moreover, Ian Moran, President of Sekisui America, said in a statement, the acquisition of Sekisui Aerospace continues Sekisui's commitment to investing in growth markets with high-quality and principled companies that share our corporate values. Besides, the merger between companies will add a new value to the shareholders, customers, and employees in the coming future, which, in turn, will favor best for the Composites Market trends.

Market Restraint:

Complications Associated with Composite Recycling to Inhibit Market Development

The rising government guidelines and policies regarding the environment will consequently dampen the growth of the market during the forecast period. The surge in policies and high prices for disposal of landfills can slow the growth of the market. Additionally, the rising utilization of lifecycle assessment as a type of material selection process and waste management will also have an effect on the market's growth. Moreover, most of the countries dump their composite waste in the landfills, thus causing serious damage to the environment and challenge to the composite industry.

Regional Analysis:

Defense and Aerospace Industry to Boost Prospects in North America

North America generated a revenue of USD 27.61 billion in 2018 and is likely to remain dominant during the forecast period. The rising demand for composites from the aerospace, the defense industry will augment growth in the region.  The Asia Pacific accounted for a high share in 2018 and is expected to exhibit rapid growth during the forecast period. The growth of the region is attributed to the rising demand for composites from the aerospace, automotive, building & construction, and electrical & electronics industry.

Order a Single User License Copy: https://www.fortunebusinessinsights.com/checkout-page/102295

Detailed Table of Content:

• Introduction
• Research Scope
• Market Segmentation
• Research Methodology
• Definitions and Assumptions
• Executive Summary
• Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Key Insights
• Key Industry Trends
• Overview of Global Composites Production
• Global Composites Market Analysis, Insights and Forecast, 2015-2026
• Key Findings / Summary
• Market Analysis, Insights and Forecast ? By Matrix
• Polymer matrix composites
• Fiber
• Glass
• Carbon
• Aramid
• Resin
• Thermoset
• Thermoplastic
• Ceramic matrix composites
• Metal matrix composites
• Market Analysis, Insights and Forecast ? By Application
• Automotive
• Building & construction
• Electrical & Electronics goods
• Pipes & tank manufacturing
• Consumer goods
• Wind power
• Maritime
• Defence & Aviation
• Others
• Market Analysis, Insights and Forecast ? By Region
• North America
• Europe
• Asia pacific
• Latin America
• Middle East & Africa

TOC Continued....!

Request for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/composites-market-102295 

Have a Look at Related Market Insights:

Activated Carbon Market Size, Share & Industry Analysis, By Form (Powdered, Granular, and Others), By Application (Water Treatment, Air & Gas Purification, Food & Beverage, Others), and Regional Forecast, 2019-2026

Abrasives Market Size, Share & Industry Analysis, By Materials (Natural and Synthetic), By Product (Bonded, Coated, and Super Abrasive), By Application (Automotive, Electrical & Electronics, Metal Fabrication, Machinery, and Others), and Regional Forecast, 2019-2026

Aramid Fiber Market Size, Share & Industry Analysis, By Type (Para, Meta and Others), By Application (Security & Protection, Frictional Materials, Rubber reinforcement, Optical fiber, Tire reinforcement, Electrical insulation, Aerospace and Others), and Regional Forecast, 2019-2026

Polymer Foam Market Size, Share & Industry Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2019-2026

Polyurethane Market Size, Share & Industry Analysis, By Product Type (Rigid Foam, Flexible Foam, Molded Foam, Elastomers, Adhesives & Sealants, Coatings, and Others), By Application (Furniture, Construction, Electronics, Automotive & Transportation, Packaging, Footwear, and Others), and Regional Forecast 2019-2026

Paints and Coatings Additives Market Size, Share & Industry Analysis, By Type (Dispersing Agent, Rheology Agent, Leveling Agent, Anti-foaming Agent, Adhesion Promoting Agent, and Others), By Application (Automotive, Architectural, Wood, Industrial, and Others), and Regional Forecast, 2019-2026

Paints and Coatings Market Size, Share & Industry Analysis, By Resin (Epoxy, Acrylic, Polyester, Alkyd, PU, and Others), By Technology (Waterborne, Solvent Borne, Powder Coating, and Others) By Application (Architectural, Automotive OEM, Marine, Coil, General Industries, Protective Coatings, Automotive Refinish, Industrial Wood, and Others), and Regional Forecast, 2019 ? 2026

High Strength Steel Market Size, Share & Industry Analysis, By Type (High Strength Low Alloy (HSLA), Dual Phase (DP), Transformation Induced Plasticity (TRIP), Martensitic (MS), and Others), By Application (Automotive, Building & Construction, Mechanical & Heavy Equipment, Rail, Aviation & Marine, and Others), and Regional Forecast 2019-2026

Ceramics Market Size, Share & Industry Analysis, By Type (Traditional, Advanced), By Application (Tiles, Sanitary Wares, Abrasives, Pottery, Bricks & Pipes, Others), By End-Use Industry (Building & Construction, Industrial, Medical, Others) and Regional Forecast, 2019-2026

Adhesives & Sealants Market Size, Share & Industry Analysis, By Adhesive Technology (Water-Based, Solvent-Based, Hot-Melt), By Adhesive Application (Paper & Packaging, Building & Construction, Woodworking, Consumer/DIY, Automotive & Transportation), By Resin (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide), By Sealant Application (Building & Construction, Automotive & Transportation), and Regional Forecast, 2019-2026

Polyethylene Market Size, Share & Industry Analysis, By Type (HDPE, LDPE, LLDPE), By End User (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Agriculture, Others), and Regional Forecast 2019-2026

Polypropylene Market Size, Share & Industry Analysis, By Type (Homopolymer, Copolymer), By End User (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceuticals, Electrical & Electronics, Agriculture, Others), and Regional Forecast 2019-2026

About Us:

Fortune Business Insightstm offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insightstm, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insightstm Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US :+1-424-253-0390
UK : +44-2071-939123
APAC : +91-744-740-1245
Email: [email protected] 
Fortune Business Insightstm 
Linkedin | Twitter | Blogs

Read Press Release on Composites Market Research Report: https://www.fortunebusinessinsights.com/press-release/composites-market-9620 

Photo: https://mma.prnewswire.com/media/1095796/Composites_Market.jpg
Logo: https://mma.prnewswire.com/media/881202/Fortune_Business_Insights_Logo.jpg