Report Code: A15941 | Pages: NA | Jul 2023 | 818 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Composites Distributor Market
Request Now !Two or more component having different physiochemical properties, when combined results into a new material having characteristics different from their parent component materials. The materials thus formed are called composites.
These materials occur naturally or can be engineered. Some naturally occurring composites are wood, collagen, cellulose and others, whereas concrete, cermet and others can be fabricated manually. Composites are known for variety of properties such as excellent impact strength, better resistance to chemicals and high electrical and thermal insulation. Owing to the aforementioned factors, composites find a variety of applications in various end use industries such as automotive & transportation, aerospace, electrical & electronics construction and others. For instance, carbon and aramid fiber composites are widely used in production of lightweight components in automobile and aerospace industries.
Covid-19 Impact AnalysisÂ
Top Impacting Factors
The future of the global composites distributor market looks promising with opportunities in transportation, marine, wind energy, aerospace & defense, pipe & tank, automotive, marine, construction, electrical/electronics, and consumer goods. The global market is expected to be driven by increased demand for composites in end-use industries such as aerospace and electronics & electrical. This is largely attributed to the increased use of lightweight materials in the production of structural components of aircrafts. The composites are used in various interior applications to produce cabinets, luggage bins, floorboards, and other components owing to the ease of maintenance. In addition, the increasing use of silicone-based composites in the production of printed circuit boards and components requiring a high resistance to heat and electricity is further propelling the demand for composites market globally. Some of the key trends observed in composite market is the surging demand for lightweight materials in automotive industry for fuel efficiency. Furthermore, the increased use of high-performance composites such as shape memory polymer composites in kinetic buildings coupled with innovative advancements in composites such as production of biomimetic composite and nanocomposites, replacing traditional materials are further creating lucrative opportunities for the players operating in composites market.
Market trends
Key Benefits of the Report
Composites Distributor Market Report Highlights
Aspects | Details |
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By Fiber Type |
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By Resin Type |
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By Application |
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By Region |
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Key Market Players | Toray Industries, Inc., Compagnie de Saint-Gobain S.A, Hexcel Corporation, SGL Group, Owens Corning, PPG Industries, Inc., DuPont, Weyerhaeuser Company, Teijin Ltd, Huntsman Corporation LLC |
Other Key Market Players | Momentive Performance Materials, Inc., Cytec Industries (Solvay. S.A.), Jushi Group Co., Ltd. |
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