Global Fiber-Reinforced Composites Market, By Resin Type (Polyester, Vinyl Ester, Epoxy, Polyurethane, Thermoplastic, Others), Manufacturing Process (Compression & Injection Molding Process, Layup, Filament Winding, Pultrusion, Resin Transfer Molding (RTM), Others), End-Use Industry (Wind Energy, Electrical & Electronics, Transportation, Pipes & Tanks, Construction & Infrastructure, Marine, Aerospace & Defense, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Fiber-Reinforced Composites Market
The fiber-reinforced composites market is expected to witness market growth at a rate of 6.1% in the forecast period of 2021 to 2028 and is expected to reach USD 136.5 billion by 2028. Data Bridge Market Research report on fiber-reinforced composites market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand from end -user industries is escalating the growth of fiber-reinforced composites market.
Fiber reinforced composites (FRC) include three portions namely interphase region as an interface, dispersed part and matrix as continues phase, where the matrix offers support in transferring the load to fibers. These composites are known to offer excellent strength, durability and versatility to the application products and weight reduction. They are used in various industries such as transportation, wind energy and aerospace among others.
The rise in the demand for the composites from the transportation, electrical & electronics, wind energy and pipes & tanks industries acts as one of the major factors driving the growth of fiber-reinforced composites market. The increase in the number of wind energy capacity installations and growing usage of composite pipes in sewage & water management and oil & gas industry accelerate the fiber-reinforced composites market growth. The rise in the rate of fiber-reinforced composites adoption in the transportation industry, and the recovery of the U.S. marine industry further influences the fiber-reinforced composites market. Additionally, growing use of composites in the construction & infrastructure industry, expansion of end user industries, rapid industrialization and surge in investment positively affect the fiber-reinforced composites market. Furthermore, increase in demand for these composites from emerging economies extends profitable opportunities to the fiber-reinforced composites market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the processing and manufacturing, and issues related to recycling are the factors expected to obstruct the fiber-reinforced composites market growth. Problems with developing low-cost technologies are projected to challenge the fiber-reinforced composites market in the forecast period of 2021-2028.
This fiber-reinforced composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on fiber-reinforced composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Fiber-Reinforced Composites Market Scope and Market Size
The fiber-reinforced composites market is segmented on the basis of resin type, manufacturing process and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin type, the fiber-reinforced composites market is segmented into polyester, vinyl ester, epoxy, polyurethane, thermoplastic and others.
- On the basis of manufacturing process, the fiber-reinforced composites market is segmented into compression & injection molding process, layup, filament winding, pultrusion, resin transfer molding (RTM), and others.
- On the basis of end-use industry, the fiber-reinforced composites market is segmented into wind energy, electrical & electronics, transportation, pipes & tanks, construction & infrastructure, marine, aerospace & defense and others.
Global Fiber-Reinforced Composites Market Country Level Analysis
The fiber-reinforced composites market is analyzed and market size, volume information is provided by country, resin type, manufacturing process and end-use industry as referenced above.
The countries covered in the global fiber-reinforced composites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fiber-reinforced composites market due to the large building & construction industry, and increasing demand from aerospace and defense, wind turbine and sports/leisure industries in the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the rise in consumption of these composites in various industries such as construction & infrastructure, wind energy, electrical & electronics and transportation and rise in number of wind energy installations in the region.
The country section of the fiber-reinforced composites market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fiber-Reinforced Composites Market Share Analysis
The fiber-reinforced composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fiber-reinforced composites market.
The major players covered in the fiber-reinforced composites market report are PPG Industries Inc., Owens Corning, Johns Manville, Yuntianhua Group Co. Ltd., Jushi Group, Saint-Gobain, ASAHI FIBER GLASS Co. Ltd., Nippon Sheet Glass Co. Ltd, AGY, CTG Group, Nitto Boseki Co. Ltd., Braj Binani Group, China Beihai Fiberglass Co. Ltd., BGF Industries Inc., SAERTEX GmbH & Co. KG, Jiangsu Jiuding New Materials Co. Ltd., Celanese Corporation, Quantum Composites, Reliance Industries Limited, PFG FIBER GLASS CORPORATION, Advanced Composites Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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