Our latest research report entitled Fiber Reinforced Composites Market (by fiber types (carbon (graphite) fibers, fiberglass, and others), matrix type (metal, polymer, and non-metal matrix), application (construction, automotive, defense, electronic, industrial equipments, and others)) provides complete and deep insights into the market dynamics and growth of Fiber Reinforced Composites. The latest information on market risks, industry chain structure Fiber Reinforced Composites cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Fiber Reinforced Composites growth factors.
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Growing Use of Fiber-Reinforced Composites in the Automotive Industry is a Primary Factor for the Growth
Fiber-reinforced composites are a composite building material that consists of two or more materials (fibers with matrix materials). They are lightweight, tough and good strength to weight ratio. They are also very stable to corrosion. Fiber-reinforced composites are used in several applications due to its physical and mechanical properties.
The growing use of fiber-reinforced composites in the automotive industry is a primary factor for the growth of the fiber-reinforced composites market. Fiber-reinforced composites are used as raw materials to manufactures various automobile components, they are as they are lightweight, provide toughness, and tensile strength, temperature tolerance. Automotive manufacturers such as Mercedes-Benz, BMW, Chevrolet, McLaren are using fiber-reinforced composites like carbon fiber to reduce the weight of the vehicles. In addition, growing demand for fuel-efficient vehicles coupled with strict mandatory environmental regulations by the government to reduce emissions of pollutants regarding the automotive fuels the growth of the fiber-reinforced composites market.
Moreover, fiber-reinforced composites are used in various end-use industries such as construction, industrial, energy, aerospace, and electrical & electronics contributes to the growth of the market. However, the high cost of production of fiber-reinforced composites and the availability of substitutes hampers the fiber-reinforced composites’ market growth. Research and developments to reduce the price of carbon fibers offer lucrative opportunities for carbon fiber manufacturers.
North America Held the Maximum Market Share
Among the region, North America held the maximum market share in the fiber-reinforced composites market and is expected to remain dominant over the forecast period owing to the increasing demand for lightweight and tough advanced composite materials for automotive and aerospace applications.
Europe is the fastest-growing region owing to the increasing imposition of environmental regulations and the growth of the automotive industry in this region. High demand for fiber-reinforced composites owing to growth in construction applications coupled with rapid industrialization and urbanization that promote the growth of this market in the Asia-Pacific region. The automotive sectors in countries such as China and India are projected to drive the growth of the fiber-reinforced composites market in the coming years.
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Report on Global Fiber Reinforced Composites Market Covers Segments such as Fiber Types, Matrix Type, and Application
On the basis of fiber types, the sub-markets include carbon (graphite) fibers, fiberglass, and others. On the basis of the matrix type, the sub-markets include a metal matrix, polymer matrix, and non-metal matrix. On the basis of application, the sub-markets include construction, automotive, defense, electronic, industrial equipment, and others.
The report provides profiles of the companies in the market such as Zoltek Corporation, Quantum Composites, Inc., Hexcel Corporation, Argosy Minerals Limited, Toray Industries, Inc, Plasan Carbon Composites, Inc., PolyOne Corporation, Cytec Industries Incorporated, SABIC, and TPI Composites Inc.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Fiber Reinforced Composites.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.