Demand for strong as well as lightweight materials that can replace traditional materials such as Aluminum and steel is a key factors boosting the fiber reinforced composites market
The global fiber reinforced composites market was valued at $84,500.5 million in 2019, and is projected to reach $131,605.3 million by 2027, registering a CAGR of 5.9% from 2020 to 2027.
Hexcel Corporation, SABIC, SGL Carbon, Solvay SA, TPI Composites Inc., and Toray Industries Inc. are some of the key players operating in the fiber reinforced composites market
The wind energy and aerospace & defense industry is projected to increase the demand for fiber reinforced composites during the forecast period
The automotive industry accounted for the largest market share in the fiber reinforced composites market
The demand for lightweight components in the automotive, aerospace, construction, and sporting goods market is the main driver for fiber reinforced composites
The use of fiber reinforced composites for producing wind turbine blades as well as aerospace structural components will drive the adoption of fiber reinforced composites during the forecast period
COVID-19 pandemic negatively affected the automotive, construction, and aerospace market, which reduced the demand for components made from fiber reinforced composite
Loading Table Of Content...
Enter Valid Email ID
Verification code has been sent to your email ID
Advantages Of Our Secure Login
Easily Track Orders, Hassel free Access, Downloads
Get Relevent Alerts and Recommendation
Wishlist, Coupons & Manage your Subscription
Register and Earn 500 Loyalty Points
Have a Referral Code?
Enter Valid Referral Code
An Email Verification Code has been sent to your email address!
Please check your inbox and, if you don't find it there, also look in your junk folder.
Global Opportunity Analysis and Industry Forecast, 2020-2027