Fiber Reinforced Composites Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Fiber reinforced composites are made up of two materials: reinforcement fiber and matrix. They have high strength and stiffness at a low weight when properly selected. The reinforcement fiber's job is to give the matrix power, while the matrix protects the fiber from external wear and tear.

MARKET DYNAMICS

Global demand for fiber reinforced composites is expected to be driven by their high chemical resistance and strength-to-weight ratio. On the other hand, the automotive industry, as well as the building and manufacturing industries, are the key end users of fiber reinforced composites. Furthermore, the aerospace and marine industries are projected to create new growth opportunities for the global fiber reinforced composites industry. However, the high cost of raw materials stifles business expansion. Increases in wind energy markets and the developing demand for recycled composite materials, on the other hand, are expected to provide lucrative opportunities for market.

MARKET SCOPE

The "Global Fiber Reinforced Composites Products Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the fiber reinforced composites products market with detailed market segmentation by product, fiber type and end users. The global fiber reinforced composites products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fiber reinforced composites products market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global fiber reinforced composites products market is segmented into product, fiber type and end users. By product, the fiber reinforced composites products market is classified into thermoset composites and thermoplastic composites. By end users the fiber reinforced composites products market is classified into building & construction, automotive, electrical & electronics, aerospace & defense, others. By fiber type the fiber reinforced composites products market is classified into carbon fibers, glass fibers, aramid fibers, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global fiber reinforced composites products market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The fiber reinforced composites products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the fiber reinforced composites products market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the fiber reinforced composites products market in these regions.

MARKET PLAYERS

The report covers vital developments in the fiber reinforced composites products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the fiber reinforced composites products market are anticipated to lucrative growth opportunities in the future with the rising demand for fiber reinforced composites products in the global market. Below mentioned is the list of few companies engaged in the fiber reinforced composites products market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fiber reinforced composites products market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Zoltek Corporation
  
•   JEC Group
  
•   Hexcel Corporation
  
•   Argosy Minerals Limited
  
•   Toray Industries Inc
  
•   PolyOne Corporation,
  
•   Cytec Industries Incorporated
  
•   SABIC
  
•   TPI Composites Inc.
  
•   Rochling Group
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Fiber Reinforced Composites Report Scope