Composites Market market size was valued at US$ 93.4 billion in 2022 and anticipated to witness a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030

BURLINGAME, CALIFORNIA, UNITED STATES, August 27, 2024 /EINPresswire.com/ -- The latest market intelligence report published by CMI with the title "Global Composite Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Advanced Materials industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database.

The Research report on Composite Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.

Key opportunities

1. Growth in Aerospace and Defense
• Lightweight Materials: Composites are increasingly used in aerospace and defense applications due to their high strength-to-weight ratio, which improves fuel efficiency and performance. Opportunities exist in developing advanced composites for aircraft structures, components, and military equipment.
• Innovation and R&D: Investment in research and development is driving innovation in aerospace composites, such as advanced carbon fiber and thermoplastic composites, which offer improved performance and cost-efficiency.

2. Expanding Automotive Applications
• Fuel Efficiency and Emissions: The automotive industry is adopting composites to reduce vehicle weight, which enhances fuel efficiency and reduces emissions. Opportunities include developing new composite materials for body panels, structural components, and interior parts.
• Electric and Hybrid Vehicles: Composites play a crucial role in the design of electric and hybrid vehicles, where lightweight materials help offset the weight of batteries and improve overall performance.

3. Advancements in Renewable Energy
• Wind Turbine Blades: Composites are widely used in wind turbine blades due to their high strength and resistance to environmental conditions. Opportunities exist in developing advanced composites that offer improved durability and efficiency for wind energy applications.
• Solar Panels: The use of composites in solar panel frames and support structures can enhance their performance and lifespan. Developing new composite materials that improve the efficiency and durability of solar energy systems presents growth potential.

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Detailed Segmentation and Classification of the report (Market Size and Forecast – 2031, Y-o-Y growth rate, and CAGR):

• By Product
Carbon Fiber
Glass Fiber
Others

• By Manufacturing Process
Layup Process
Filament Winding Process
Injection Molding Process
Pultrusion Process
Compression Molding Process
Resin Transfer Molding Process
Others

• By End-Use
Automotive & Transportation
Electrical & Electronics
Wind Energy
Construction & Infrastructure
Pipes & Tanks
Marine
Others

• By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa

Following are the players analyzed in the report:

• Companies de
• Saint-Gobain S.A.
• Momentive Performance Materials Inc.
• Kineco Limited
• Veplas Group
• China Jushi Group Co., Ltd.,
• Braj Binani Group
• Guardian Fibre Glass.

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Deep-dive Analysis:

The Report provides deep-dive qualitative and quantitative analysis on Composite Market for all the regions and countries covered below:

• North America (the United States, Canada, and Mexico)
• Europe (Germany, France, Italy, United Kingdom, SCANDIVAN, Benelux, Russia, and Rest of Europe)
• Asia-Pacific (Japan, South Korea, India, China, Southeast Asia, and Australia)
• South America (Brazil, Argentina, and Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa, and Rest of the Middle East & Africa)
• Each Country is covered in detail, and report provides qualitative and quantitative analysis on Composite Market on each country.

The research provides answers to the following key questions:

1. What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Composite market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Composite market?
4. What are the prominent market trends influencing the development of the Composite market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Composite market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Key insights provided by the report that could help you take critical strategic decisions?

• Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
• Reports provide opportunities and threats faced by suppliers in the Composite and tubes industry around the world.
• The report shows regions and sectors with the fastest growth potential.
• A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
• The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
• This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

Author of this marketing PR:

Priya Pandey is a dynamic and passionate PR writer with over three years of expertise in content writing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes writing contents and documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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