Fiber Reinforced Composites Market is Expected to witness a Significant Growth Rate by 2023

Fiber Reinforced Composites Market

“Global Fiber Reinforced Composites Market 2018-2023” The fiber reinforced composites market is expected to witness a significant growth rate during the forecast period, 2018 to 2023. The major end-user industries of fiber reinforced composites market building & construction, automotive, aerospace, and defense. Properties such as high strength to weight ratio, corrosion resistance, energy absorption on impact, moisture and chemical resistance, and electrical properties makes the fiber reinforced composites a better choice over the conventional products. Growing demand in the retail sporting goods market, emerging wind energy applications, and increasing demand in the aerospace industry are expected to be the major drivers for the growth of fiber reinforced composites market.

Companies Include are:  Zoltek Corporation, Toray Industries, Inc., Quantum Composites, Hexcel Corporation, AGY, Cytec Solvay Group, Plasan Carbon Composites, PolyOne Corporation, TPI Composites, SABIC

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Key Developments in the Market

March, 2018: Toray has announced that it has reached an agreement with Koninklijke Ten Cate B.V. to purchase the entire share of its subsidiary TenCate Advanced Composite Holding B.V., a Dutch carbon fiber composite material manufacturer.

This independent 135 pages report guarantees you will remain better informed than your competition. With over 200 tables and figures examining the Fiber Reinforced Composites market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2023.

Increasing Demand for Fuel-efficient and Lightweight Vehicles Driving the Market

The increase in demand for fuel-efficient vehicles, along with the stringent regulations by the government regarding the automotive pollution is expected to play a key role in driving the fiber reinforced composites market. In the US, the average economy of new vehicles sold in 2017 was 25.2 miles per gallon. The US government has increased the fuel efficiency requirements for new automobiles to 54.5 miles per gallon by 2025, due to which the companies have started using materials such as carbon fiber and glass fiber to make vehicles fuel-efficient and lightweight.

North America Holds the Laregest Share for Fiber Reinforced Composites Market

North America has emerged as one of the largest fiber reinforced composites markets in the recent years. The building & construction and automotive industries represent the major outlets for fiber reinforced composites (FRC) and are expected to provide the best opportunities for the growth of the market during the forecast period. This region is expected to register the highest demand for FRC, owing to the increasing demand from aerospace and defense, automotive, wind turbine, and sports/leisure industries. Large concentration of aircraft makers such as Airbus and automobile giants in this region are expected to drive the market in this region.

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Essential points covered in Global Fiber Reinforced Composites Market 2018 Research are:-

  • What will the market size and the growth rate be in 2023?
  • What are the key factors driving the Global Fiber Reinforced Composites market?
  • What are the key market trends impacting the growth of the Global Fiber Reinforced Composites market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Global Fiber Reinforced Composites market?
  • What are the market opportunities and threats faced by the vendors in the Global Fiber Reinforced Composites market?
  • What are the key outcomes of the five forces analysis of the Global Fiber Reinforced Composites market?               

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Reasons to Buy

  • Current and future Fiber Reinforced Composites market outlook in the developed and emerging markets.
  • Analyzing various perspectives of the market with the help of Porters five forces analysis.
  • The segment that is expected to dominate the market.
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support, along with the Market Estimate sheet (in excel)

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