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Thermoplastic Composites Market worth $9.9 Billion by 2020

The market for composites is estimated to grow from USD 69.50 Billion in 2015 to USD 105.26 Billion by 2021, at a CAGR of 7.04% between 2016 and 2021. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The report estimates the market size and future growth potential of composites market across different segments such as fiber type, resin type, manufacturing process, application, and region. A shift in the trend from traditional materials towards composites is witnessed due to their exceptional performance properties such as high thermal conductivity, corrosion resistance,

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Thermoplastic Composites Market worth $9.9 Billion by 2020

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  1. MarketsandMarkets Presents Publishing Date: May 2016 Composites Market by Type and Application and by Region

  2. About our Report The global market for composites is estimated to grow from USD 69.50 Billion in 2015 to USD 105.26 Billion by 2021, at a CAGR of 7.04% between 2016 and 2021. The global market for composites marked a strong growth in the past few years due to its high demand from the aerospace & defense and transportation applications. Composites provide high strength-to-weight ratio, heat resistance, and are lightweight, which increase fuel efficiency in vehicles and give structural stability to aircrafts. The major applications of composites are in aerospace & defense, transportation, wind energy, construction & infrastructure, pipes & tanks, marine, electricals & electronics, and others. Wind energy is the fastest-growing application in the composites market during the forecast period. The properties offered by composites, such as shape stability, strength, damage resistance, and longitudinal stiffness, encourage its use in high-performance wind energy applications.

  3. Inside of Report • Browse: •  75 market tables • 59 figures spread through 151 pages • in-depth TOC on “Thermoplastic Composites Market by Product Type by Fiber by Asia-Pacific is expected to register the highest growth rate in the next five years due to the growing economies of China, India, and other countries which would result in increased demand for thermoplastic composites. Increase in demand from automobiles, aerospace and electric & electronics are the major drivers responsible for the growth of composites market throughout the globe. China is expected to drive Asia-Pacific’s thermoplastic composites market in the coming five years. China’s thermoplastic composites market has witnessed growth due to robustly growing manufacturing sector in the country. India offers huge scope and opportunities for the growth of thermoplastic composites due to rapid growth in middle class population and industrialization in the country. In 2014, the transportation applications dominated the overall thermoplastic composites market size.

  4. Table of Content 1 Introduction (Page No. - 15)    1.1 Objectives of the Study     1.2 Market Definition     1.3 Market Scope            1.3.1 Years Considered for the Study    1.4 Currency     1.5 Limitations     1.6 Stakeholders 2 Research Methodology (Page No. - 19)    2.1 Research Data     2.2 Market Size Estimation            2.2.1 Bottom-Up Approach           2.2.2 Top-Down Approach    2.3 Data Triangulation     2.4 Research Assumptions

  5. 8 Composites Market, By Fiber Type (Page No. - 74)    8.1 Introduction     8.2 Carbon Fiber Composites     8.3 Glass Fiber Composites     8.4 Other Fiber Composites • 9 Composites Market, By Resin Type (Page No. - 84)    9.1 Introduction     9.2 Thermosetting Composites            9.2.1 Thermosetting Composites, By Region    9.3 Thermoplastic Composites            9.3.1 Thermoplastic Composites, By Region Download Free Sample Pages :- http://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html  Global thermoplastic composites end product market is expected to reach at $9.9 Billion in 2020 at a CAGR of 6.5% over the period of 2015 to 2020.

  6. Summary The major applications of composites are in aerospace & defense, transportation, wind energy, construction & infrastructure, pipes & tanks, marine, electricals & electronics, and others. Wind energy is the fastest-growing application in the composites market during the forecast period. The properties offered by composites, such as shape stability, strength, damage resistance, and longitudinal stiffness, encourage its use in high-performance wind energy applications. The layup process dominated the composites market in 2015 due to the increased demand from wind, marine, and aerospace & defense industries. The layup process is preferred by composite manufacturers due to its low cost and is mostly used for manufacturing composites parts for wind energy and marine applications.

  7. Get detail of this Report ? We at MarketsandMarkets, are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. For More Information :- http://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html Contact: Mr. Rohan MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Tel: 1-888-600-6441 Email: sales@marketsandmarkets.com Visit our Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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