According to a new market report published by Lucintel, 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 composites distributor market is expected to reach $4.8 billion by 2023 with a CAGR of 4.7% from 2018 to 2023. The major drivers in this market are increasing demand for composites in North America and Asia Pacific region and presence of large number of medium and small composite part manufacturers.
Browse 89 market data tables and 112 figures spread through 170 pages and in-depth TOC on “Global Composites Distributor Market”
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In this market, different types of composites distributor such as roving, textile, polyester resin, vinylester resin, epoxy resin, and other resins are used as raw material. Lucintel forecasts that polyester resin is expected to remain the largest material by value and volume and it is also expected to witness the highest growth during the forecast period due to increasing demand in construction and pipe & tank industry.
Within this market, construction will remain the largest end use industry due to growth in demand for light weight and non-corrosive materials in industrial, commercial, residential, and civil construction applications as well as presence of large number of composite part fabricators. Distributors generally serve small to medium size part fabricators as they buy small to mid-sized quantities for various applications.
Asia Pacific is expected to remain the largest region by value and volume and is also expected to experience the highest growth over the forecast period because of growing composites market and presence of a large number of small part fabricators especially for pipe & tank, construction, and consumer goods end use industries.
Emerging trends, which have a direct impact on the dynamics of the composites distributor industry, include growing of new distributors in emerging countries and increase in product portfolio. Composites One, North American Composites, Gazechim, Euroresins, Lintech International, FRP Services, IMCD Group B.V., Microtex Composites SRL, Sino Composites, Sumitomo Shoji Chemicals, Sojitz Corporation, and Soon Yang Chemicals are among the major composites distributor manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global composites distributor market by end use industry, raw material, intermediate, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Composites Distributor Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global composites distributor market by end use industry, raw material, intermediate, and region as follows:
By End Use Industry ($M shipment analysis for 2012 to 2023):
Aerospace and DefenseWind EnergyAutomotiveMarineConstructionPipe and TankE&EConsumer GoodsOthers
By Raw Material ($M shipment analysis for 2012 to 2023):
Roving (GF/CF)Textile (GF/CF)Polyester ResinVinyl Ester ResinEpoxy ResinOther Resins
By Intermediate ($M shipment analysis for 2012 to 2023):
PrepregSMC (Sheet Molding Compound)BMC (Bulk Molding Compound)SFT (Short Fiber Thermoplastic)LFT (Long Fiber Thermoplastic)CFT (Carbon Fiber Thermoplastic)GMT (Glass Mat Thermoplastic)
By Region [$M shipment analysis for 2012 – 2023]:
North AmericaEuropeAsia PacificThe Rest of the World
This 170-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/composites-distributor-market.aspx or email@example.com.
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.