Selbyville, Delaware, The Global Structural Composites Market Research Report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
With respect to reinforcement materials, the structural composites market is categorized into aramid fiber, glass fiber, carbon fiber, and others. The others segment includes graphite fiber, boron fiber, ceramics and natural fibers. The segment will witness growth at a CAGR over 4.5% over the forecast time period owing to robust development in global construction, energy and transportation sector.
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The structural composites market is projected to record momentous gains over the forthcoming timeframe owing to rising construction activities and demand for high strength, lightweight composites for sports goods across the globe. A composite material is usually formed when materials with different features are combined and utilized as a single material.
The usage of fiber-reinforced composite materials, which are made from silicon carbide fibers or carbon fibers, makes it possible to form structures which are lighter and have high levels of strength than traditional metal materials. Composites are projected to contribute significantly towards enhancing the performance of spacecraft and aircraft components in coming years.
Reinforcement materials such as carbon fiber are mainly made up of carbon atoms that form fibers that are 5a??10 micrometers in diameter. These fibers have numerous advantages which includes high chemical resistance, high tensile strength, low thermal expansion, high temperature tolerance, low weight, and high stiffness. The aforementioned properties have made carbon fiber most favored in civil engineering, military, aerospace, motorsports and other competition sports.
The structural composites are used in a wide range of markets like energy, military, marine, automotive, construction & infrastructure, aerospace, architecture etc. In the energy sector, composites generally help in enabling the use of wind and solar power and also improves the efficiency of conventional energy suppliers.
In sports & recreation, ranging from hockey sticks and football helmets to bobsleds and kayaks, the fiberglass and carbon fiber composite materials are used to create a plethora of different protective sportswear and sports equipment, which improves the performance of athletes owing to their properties like durability and lightweight.
Structural composites market is segmented in terms of matrix, reinforcement materials, sector, and regional landscape.
Based on matrix, the structural composites market is classified into metal, wood, and polymer. Among these, polymer matrix will dominate the market with over 80% market share owing to its low cost and wide application range in major end-use industries.
In terms of sector, the overall structural composites market is bifurcated into transportation, energy, construction & infrastructure, and others. The other segment includes sporting goods and piping applications. The segment will witness growth at a CAGR over 4% over the forthcoming time period owing to rising demand of high strength, lightweight composites for sporting goods across the world.
From a regional frame of reference, the Middle East & Africa structural composites market region will witness growth at a CAGR of around 8% over the forecast timeframe owing to rising construction activities coupled with development in regional transportation and energy sector.
Some of the Major Highlights of TOC covers:
Structural Composites Regional Market Analysis
- Structural Composites Production by Regions
- Global Structural Composites Production by Regions
- Global Structural Composites Revenue by Regions
- Structural Composites Consumption by Regions
Structural Composites Segment Market Analysis (by Type)
- Global Structural Composites Production by Type
- Global Structural Composites Revenue by Type
- Structural Composites Price by Type
Structural Composites Segment Market Analysis (by Application)
- Global Structural Composites Consumption by Application
- Global Structural Composites Consumption Market Share by Application
Structural Composites Major Manufacturers Analysis
- Structural Composites Production Sites and Area Served
- Product Introduction, Application and Specification
- Structural Composites Production, Revenue, Ex-factory Price and Gross Margin
- Main Business and Markets Served
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