The Globalfiber-reinforced composites market is segmented on the basis of resin type,manufacturing process and end-use industry. The growth amongst the differentsegments helps you in attaining the knowledge related to the different growthfactors expected to be prevalent throughout the market and formulate differentstrategies to help identify core application areas and the difference in yourtarget markets.
On the basisof resin type, the fiber-reinforced composites market is segmented intopolyester, vinyl ester, epoxy, polyurethane, thermoplastic and others.
On the basisof manufacturing process, the fiber-reinforced composites market is segmentedinto compression & injection molding process, layup, filament winding,pultrusion, resin transfer molding (RTM), and others.
On the basisof end-use industry, the fiber-reinforced composites market is segmented intowind energy, electrical & electronics, transportation, pipes & tanks,construction & infrastructure, marine, aerospace & defense and others.
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The rise inthe demand for the composites from the transportation, electrical &electronics, wind energy and pipes & tanks industries acts as one of themajor factors driving the growth of fiber-reinforced composites market. Theincrease in the number of wind energy capacity installations and growing usageof composite pipes in sewage & water management and oil & gas industryaccelerate the fiber-reinforced composites market growth. The rise in the rateof fiber-reinforced composites adoption in the transportation industry, and therecovery of the U.S. marine industry further influences the fiber-reinforcedcomposites market. Additionally, growing use of composites in the construction& infrastructure industry, expansion of end user industries, rapidindustrialization and surge in investment positively affect thefiber-reinforced composites market. Furthermore, increase in demand for thesecomposites from emerging economies extends profitable opportunities to thefiber-reinforced composites market players in the forecast period of 2021 to2028.
On the otherhand, high cost associated with the processing and manufacturing, and issuesrelated to recycling are the factors expected to obstruct the fiber-reinforcedcomposites market growth. Problems with developing low-cost technologies areprojected to challenge the fiber-reinforced composites market in the forecastperiod of 2021-2028.
Thisfiber-reinforced composites market report provides details of new recentdevelopments, trade regulations, import export analysis, production analysis,value chain optimization, market share, impact of domestic and localized marketplayers, analyses opportunities in terms of emerging revenue pockets, changesin market regulations, strategic market growth analysis, market size, categorymarket growths, application niches and dominance, product approvals, productlaunches, geographical expansions, technological innovations in the market. Togain more info on fiber-reinforced composites market contact Data Bridge MarketResearch for an Analyst Brief, our team will help you take an informed marketdecision to achieve market growth.
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The countrysection of the fiber-reinforced composites market report also providesindividual market impacting factors and changes in regulation in the marketdomestically that impacts the current and future trends of the market. Datapoints such as consumption volumes, production sites and volumes, import exportanalysis, price trend analysis, cost of raw materials, down-stream and upstreamvalue chain analysis are some of the major pointers used to forecast the marketscenario for individual countries. Also, presence and availability of globalbrands and their challenges faced due to large or scarce competition from localand domestic brands, impact of domestic tariffs and trade routes are consideredwhile providing forecast analysis of the country data.
GlobalFiber-Reinforced Composites Market, By Resin Type (Polyester, Vinyl Ester,Epoxy, Polyurethane, Thermoplastic, Others), Manufacturing Process (Compression& Injection Molding Process, Layup, Filament Winding, Pultrusion, ResinTransfer Molding (RTM), Others), End-Use Industry (Wind Energy, Electrical& Electronics, Transportation, Pipes & Tanks, Construction &Infrastructure, Marine, Aerospace & Defense, Others), Country (U.S.,Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France,Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest ofEurope, Japan, China, India, South Korea, Australia, Singapore, Malaysia,Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia,Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trendsand Forecast to 2028.
Thefiber-reinforced composites market is analyzed and market size, volumeinformation is provided by country, resin type, manufacturing process andend-use industry as referenced above.
Thecountries covered in the global fiber-reinforced composites market report areU.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands,Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe,China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand,Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East andAfrica (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina andRest of South America as part of South America.
NorthAmerica dominates the fiber-reinforced composites market due to the largebuilding & construction industry, and increasing demand from aerospace anddefense, wind turbine and sports/leisure industries in the region. Asia-Pacificis expected to witness high growth during the forecast period of 2021 to 2028because of the rise in consumption of these composites in various industriessuch as construction & infrastructure, wind energy, electrical &electronics and transportation and rise in number of wind energy installationsin the region.
The fiber-reinforcedcomposites market is expected to witness market growth at a rate of 6.1% inthe forecast period of 2021 to 2028 and is expected to reach USD 136.5 billionby 2028. Data Bridge Market Research report on fiber-reinforced compositesmarket provides analysis and insights regarding the various factors expected tobe prevalent throughout the forecast period while providing their impacts onthe market’s growth. The increase in demand from end -user industries is escalatingthe growth of fiber-reinforced composites market.
Fiberreinforced composites (FRC) include three portions namely interphase region asan interface, dispersed part and matrix as continues phase, where the matrixoffers support in transferring the load to fibers. These composites are knownto offer excellent strength, durability and versatility to the applicationproducts and weight reduction. They are used in various industries such astransportation, wind energy and aerospace among others.
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