Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on fiber reinforced composites market provides
in-depth analysis of segments and sub-segments in the global, as well as
regional fiber reinforced composites market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
fiber reinforced composites market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of global fiber reinforced composites market. According to the report,
the global fiber reinforced composites market is projected to grow at a CAGR of
6.5% over the forecast period of 2018-2024.
Fiber reinforced composites is a
composite building material that consists of two or more materials (fibers with
matrix materials). They are lightweight, tough and good strength to weight
ratio. They are also very stable to corrosion. Fiber reinforced composites are
used in several applications due to its physical and mechanical properties.
The growing use of
fiber-reinforced composites in the automotive industry is a primary factor for
the growth of fiber reinforced composites market. Fiber reinforced composites
are used as raw materials to manufactures of various automobile components,
they are as they are lightweight, provide toughness, and tensile strength,
temperature tolerance. Automotive manufacturers such as Mercedes-Benz, BMW,
Chevrolet, McLaren are using fiber reinforced composites like carbon fiber to
reduce the weight of the vehicles. In addition, growing demand for the
fuel-efficient vehicles coupled with strict mandatory environmental regulations
by the government to reduce emissions of pollutants regarding the automotive
fuels the growth of fiber reinforced composites market. Moreover, fiber
reinforced composites are used in various end-use industries such as
construction, industrial, energy, aerospace, and electrical & electronics
contributes to the growth of the market. However, the high cost of production
of fiber reinforced composites and availability of substitutes hampers the
fiber reinforced composites market growth. Research and developments to reduce
the price of carbon fibers offer lucrative opportunities for carbon fiber
manufacturers.
Among the region, North America
held the maximum market share in the fiber reinforced composites market and is
expected to remain dominant over the forecast period owing to the increasing
demand for lightweight and tough advanced composite materials for automotive
and aerospace applications. Europe is the fastest growing region owing to the increasing imposition of environmental regulations and the growth of the
automotive industry in this region. High demand for fiber reinforced composites
owing to growth in construction application coupled with rapid
industrialization and urbanization that promote the growth of this market in
the Asia-Pacific region. The automotive sectors in countries such as China and
India is projected to drive the growth of fiber reinforced composites market in
the coming years.
The report on global fiber
reinforced composites market covers segments such as fiber types, matrix type,
and application. On the basis of fiber types, the sub-markets include carbon
(graphite) fibers, fiberglass, and others. On the basis of matrix type, the
sub-markets include a metal matrix, polymer matrix, and non-metal matrix. On
the basis of application, the sub-markets include construction, automotive,
defense, electronic, industrial equipments, and others.
The report provides profiles of
the companies in the market such as Zoltek Corporation, Quantum Composites,
Inc., Hexcel Corporation, Argosy Minerals Limited, Toray Industries, Inc,
Plasan Carbon Composites, Inc., PolyOne Corporation, Cytec Industries
Incorporated, SABIC, and TPI Composites Inc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of fiber reinforced composites market. Moreover, the study highlights
current market trends and provides forecast from 2018-2024. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.