Continuous Fiber Composites Market to Exhibit 5.3% CAGR and Reach USD 3,315.0 Million by 2027, Growing demand for lightweight materials in industrial applications
Research Reports
Jan 08, 2021
Continuous Fiber Composites Market
The global continuous fiber composite market is estimated to reach a value of USD 3,315.0 Million by 2027 at a CAGR of 5.3%, according to a recent report by Emergen Research. Composites have wide usage as reinforcing materials in wind turbines production, owing to its high strength and rigidity properties, along with the benefits of lightweight and design flexibility. Continuous fiber composites are used in blade laminates, reinforcements, and root joints. These are used in various industries including, aerospace, electrical & electronics, automotive, sports & leisure, power & energy, and consumer electronics.
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Key participants include: Celanese Corporation, Gurit Holding AG, Hexcel Corporation, Chomorat, Johns Manville, Huntsman Corporation, Cytec Solvay Group, Automated Dynamics, Toray Industries, and SABIC, among others.
Market Drivers
The thermoset composites are great substitutes for thermoplastics and metals, owing to its physical and chemical stability at high temperatures, processability at varying pressures and viscosities. Thus, the thermoset composites are witnessing high demand and are predicted to grow at a high rate of 5.8% during the forecast period. Continuous fiber composite woven fabrics face high growth in demand as it delivers the advantages of reducing the laminate number and thereby decreasing failure frequency by delamination resulting from an out-of-plane impact/load causing matrix failure. The high market demand mostly attributes to the aerospace sector, which is expected to hold a high demand during the forecast period.
Resin Type Outlook (Revenue, USD Billion; 2017-2027)
Thermoset Composite Resins
Thermoplastic Composite Resins
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Woven Fabric
Non-Crimp Fabric
Unidirectional Tape
Others
Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
Aerospace
Automotive
Power & Energy
Sports & Leisure
Consumer Electronics
Others
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Regional Outlook
The Asia Pacific regional market is predicted to grow at the fastest rate during the forecast period, owing to the large-scale industrialization and huge growth of the automobile industry in the region. However, North America is estimated to dominate the market over the forecast timeframe due to the existence of the leading aerospace industry in the region.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Continuous Fiber Composite Market Segmentation & Impact Analysis
4.1. Continuous Fiber Composite Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand from the automotive industry
4.2.2.2. Growing demand from energy sector
4.2.2.3. Favorable government initiatives
4.2.2.4. Growing demand for lightweight material in industrial applications
4.2.3. Market restraints analysis
4.2.3.1. High cost of continuous fiber composites
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Continuous Fiber Composite Market By Resin Type Insights & Trends, Revenue (USD Million)
5.1. Resin Type Dynamics & Market Share, 2019 & 2027
5.1.1. Thermoset Composite Resins
5.1.2. Thermoplastic Composite Resins
Continue
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