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Composites Market is expected to reach $39.4 Billion by 2025 – An exclusive market research report by Lucintel

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Composites Market is expected to reach $39.4 Billion by 2025 – An exclusive market research report by Lucintel

May 11
18:45 2021
Composites Market is expected to reach $39.4 Billion by 2025 - An exclusive market research report by Lucintel

Trends and Forecast for the Global Composites Market
Trends, opportunities and forecast in composites market to 2025 by application type (transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical & electronics, consumer goods, and others), raw material (glass fiber, carbon fiber, aramid fiber, polyester resin, vinyl ester, phenolic, polyurethane, thermoplastic resin, filler, and others), fiber type (glass fiber composites, carbon fiber composites, and aramid fiber composites)

Lucintel’s latest market report analyzed that composites provides attractive opportunities in the transportation, construction, wind energy, pipe & tank, marine, consumer goods, electrical and electronics, aerospace, and others. The composites market is expected to reach $39.4 billion by 2025 with a CAGR of 4%. In this market, transportation is the largest segment by end use industry, whereas injection molding is largest by manufacturing process. The development of low-cost carbon fibers, high performance glass fiber, and rapid cure resin system provides strategic growth path in this market.

Download Brochure of this report by clicking on https://www.lucintel.com/composites-market.aspx

Based on end use industry, the composites market is segmented into transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical & electronics, consumer goods, and others. The transportation segment accounted for the largest share of the market in 2020.

Browse in-depth TOC on “Composites Market”

38 – Tables

238 – Figures

415– Pages

The composites market is marked by the presence of several big and small players. Some of the prominent players offering composites include Owens Corning, Jushi Group, Nippon Electric, Toray Industries, and Hexel Corporation.  

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Media Contact
Company Name: Lucintel
Contact Person: Brandon Fitzgerald
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Website: www.lucintel.com

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