Industry Insights
The global Composites Market size is anticipated to reach USD 130.83 billion by 2024. It is also projected to grow at a CAGR of 7.8% over the forecast period on account of its increasing demand from numerous application sectors which consist of wind energy, electrical & electronics, automotive interiors, pipes & tanks, marine and aerospace & defense. The expansion of numerous end-user application segments is expected to augment the industry growth. In addition, the market of composites is estimated to observe a substantial growth on account of its strength, thermal conductivity performance properties and high corrosion resistance. The product is majorly produced by layup process, which accounted for 30.90% of the total composites market share in the year 2015. The layup process is presumed to witness a significant growth in the near future on account of its versatility in manufacturing a wide range of products and low operational expenditure. In layup process, resin is applied by hand or spray technique onto a suitable mold surface which causes in curing the laminate without requiring any additional treatment. The layup process is expected to grow at a CAGR of 9.70% over the forecast period. In terms of volume, Asia Pacific was the major market in 2015. Emerging economies such as India, China, South Africa and Brazil are anticipated to lead the market on account of the increasing demand from numerous application sectors including aerospace & defense, transportation, automotive and wind energy. Mergers and acquisitions and R&D activities together with new product development by major companies are projected to augment the market growth. In addition, superior features provided by these products particularly in CFRP i.e. carbon fiber reinforced plastics on account of technological innovations and new high-value applications will fuel the market expansion. Application Insights Aerospace & defense sector was estimated for 13.10% of the total market share in the year 2015. The application of composites in the production of aircrafts has a benefit over the traditional materials due to its high performance properties. Decrease in the weight coupled with high corrosion resistance are few of the crucial factors enhancing the growth of composites market in this sector. Wind energy application sector is expected to witness a rapid growth with a CAGR of 10% over the next eight years owing to its wide application as clean energy materials in this industry. Infrastructure development for public transport and growing automobile industry is anticipated to augment the further expansion of composites market in the near future. The improvement in road networks, particularly in Asia Pacific, is anticipated to result in stimulating the growth of the composites market over the forecast period. Product Insights Glass fiber composites generated a revenue of USD 41.8 billion in the year 2015 on account of its wide consumption globally. The glass fiber composites market has been dominating the international composites market over the recent past on account of its surface texture variety, inherent strength, lightweight properties and weather resistant finish. In light of these properties, glass fiber composites possess a great demand from numerous segments such as transportation, automotive, wind energy, aerospace & defense and others. Carbon fibers market accounted for over 33.9% of the total international volume in the year 2015 and is anticipated to witness a steady growth at a rate of 10.40% CAGR over the forecast period. The segment is expected to create new opportunities in the automobile industry on account of the high value application. Request a Free Sample Copy of Composites Market Report @ https://www.millioninsights.com/industry-reports/composites-market/request-sample Regional Insights Asia Pacific accounted for 40% of the total market share in terms of revenue in the year 2015. Increasing development of application industries such as transportation, wind energy and aerospace & defense is enhancing the growth of the composites market in this region. In addition, rapid metropolitan development of the cities, the existence of major carbon fiber manufacturers in APAC are the major factors that are propelling the growth. North America market of composites was estimated at USD 14.5 billion in the year 2015. The increase in manufacturing of light commercial vehicles is anticipated to enhance the market growth. Germany is expected to witness a steady growth at a CAGR of 8.8% over the forecast period. Advancements in lightweight car manufacturing to decrease fuel emissions, thus reducing carbon emissions in the atmosphere, is expected to fuel the market growth. Competitive Insights The market is majorly driven by new product developments coupled with product exhibitions, as key participants are competing to enlarge their customer base over the forecast period. The global composites industry is highly fragmented in nature with the presence of major players emphasizing on R&D activities and advancements in technologies. The key players consist of Toray Industries Inc., Jushi Group Co. Ltd., Compagnie De Saint-Gobain, TenCate NV and Owens Corning. Market Segment: Composites Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024) • Carbon Fiber • Glass Fiber • Others Composites Resin Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024) • Thermosetting • Thermoplastic Composites Manufacturing Process Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024) • Layup Process • Filament Winding Process • Injection Molding Process • Pultrusion Process • Compression Molding Process • Resin Transfer Molding Process • Others For further inquiries, about - Global Composites Industry Analysis, Size, Growth, Trends and Forecast 2013 - 2024, click on this link – https://www.millioninsights.com/industry-reports/composites-market Composites End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024) • Automotive & Transportation • Aerospace & Defense • Electrical & Electronics • Construction & Infrastructure • Pipes & Tanks • Marine • Others Composites Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024) • North America • U.S. • Europe • Germany • France • Asia Pacific • China • India • Latin America • Brazil • Middle East & Africa
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Industry Insights
The global graphene market was valued at USD 23.7 million in the year 2015 and is estimated to grow at a CAGR of 36.7% over the forecast period. Graphene is extracted from graphite ore and is approximately 100 times stronger than steel. The product can conduct heat and electricity efficiently. Growing electronics industry is expected to drive the market in the near future. Two major graphene-based products, oxide and nano-platelets are primarily used in electronic devices and goods. Its superior properties such as high electron mobility and permeability has resulted in making it one of the most important materials in the energy, composite and electronic sectors. In 2015, nano-platelets dominated the market trailed by oxide. These products are primarily used in touch screens in mobile phones and numerous other nanotechnology applications. Download Full Research Report on Graphene Market @ https://www.millioninsights.com/industry-reports/graphene-market Application Insights Electronics industry dominated the application segment in the year 2015. The product is broadly used in this industry owing to its high strength and conduction property. Graphene is also used in making laptop circuit boards and personal computers apart from touch screens for mobile phones and tablets. It can also be used as a semiconductor on account of its low thickness. The growing demand from Asia Pacific region is driving the electronics industry. Although, increasing markets for tablets, smart phones, HD TVs are further presumed to fuel the global electronics industry. In terms of revenue, composite was estimated as the second largest application accounting for 36% in 2016. These composites have the ability to enhance the conductivity and strength of bulk materials. Composites have applications in numerous industries which consist of engineering materials, aerospace and medical implants. The product is also used widely in applications in sports including F1 racing and lawn tennis. Product Insights Nanoplatelets was the largest segment of all products and accounted for over 50% in the year 2015. Nanoplatelets are small stacks of graphene, with thickness varying from 1 to 15 nanometers. By adding small proportions of nanoplatelets, polymers such as plastic or rubber can be made conductive. These platelets can be used as electrical and thermal conductors in numerous applications owing to the high barrier and mechanical properties including stiffness and surface hardness. The product is sold in powdered form or as a coating on a substrate. This coating can make the substrate conductive, which makes the product a vital material for manufacturing transparent conductive films. Moreover, the product can also be utilized in medical applications and disease detection. Regional Insights In terms of global market share, North America possessed the largest share of 33.6% in 2015. The region is anticipated to experience a growth in electronics and automobiles industries, which would in turn thrust the demand. Moreover, growing energy sector in the region is projected to provide the necessary momentum to the industry in the upcoming years. APAC is expected to be the fastest-growing region in the near future. The market in this region is projected to grow on account of growth in the electronics industries in developing countries such as India, China, South Korea and Japan. The growth of the market is expected to be driven by the growing aerospace, defense and automobile industries in this region over the next eight years. The European region which accounted for over 28% of the market in the year 2015, is expected to be the second fastest growing region, with a CAGR of 36.9% over the forecast period. Request a Free Sample Copy of Graphene Market Report @ https://www.millioninsights.com/industry-reports/graphene-market/request-sample Competitive Insights The graphene market is highly consolidated with the presence of a few number of producers fragmented throughout the world. Graphene SA, XG Sciences Inc., Thomas Swan & Co., are some of the key participants in this industry. The major players in this industry are Directa Plus, Graphene Laboratories Inc., Haydale Graphene Industries PLC., 2D Carbon Tech Inc., Xiamen Knano Graphene Technology Corp. Ltd., Nanoxplore Inc., Graphene Nanochem PLC. Haydale and Graphene Laboratories Inc. in April 2014 announced that the HDPI, a series of superior performance materials would be offered by ‘The Graphene Supermarket’, one of the leading producers in the U.S. Market Segment: Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025) • Graphene Nanoplatelets • Graphene Oxide • Others Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025) • Electronics • Composites • Energy • Others Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025) • North America • U.S. • Europe • Spain • UK • Asia Pacific • China • India • Latin America • Brazil • MEA To read more reports of this category, Visit our blog: https://chemicalresearchreportss.weebly.com/blog |
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