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.
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Major Industry Players
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.
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.
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How will this Market Intelligence Report Benefit You?
- The report offers statistical data in terms of value (US$) as well as Volume (units) till 2027.
- Exclusive insight into the key trends affecting the Fiber-Reinforced Composites’ industry, although key threats, opportunities and disruptive technologies that could shape the Global Fiber-Reinforced Composites’ market supply and demand.
- The report tracks the leading Market players that will shape and impact the Global Fiber-Reinforced Composites’ Market most.
- The data analysis present in the Fiber-Reinforced Composites’ Market report is based on the combination of both primary and secondary resources.
- The report helps you to understand the real effects of key Market drivers or retainers on Fiber-Reinforced Composites’ Market business.
Global 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.
Based on regions, the Fiber-Reinforced Composites Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
The report covers major aspects:
- Various economic factors that are significant in determining the Fiber-Reinforced Composites Market trend, buying decisions and Market attractiveness are being analysed for Market estimation and forecasting.
- The analysis will support stakeholders such as manufacturers and distributors in identifying and capturing Markets with high potential.
- The study also discusses various environmental and regulatory factors critical for the Fiber-Reinforced Composites Market growth.
Strategic Points Covered in Table of Content of Global Fiber-Reinforced Composites Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Fiber-Reinforced Composites Market
Chapter 2: Exclusive Summary – the basic information of Fiber-Reinforced Composites Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Analytical Standards
Chapter 4: Presenting Fiber-Reinforced Composites Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of Fiber-Reinforced Composites Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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