Composites are allowing designers and engineers the potential to completely rethink parts across every transportation system ranging from automotive to aerospace. Composites are flexible and also deliver a host of supplementary benefits from corrosion resistance and easy bonding with other materials to lightweight durability. The increasing awareness of the application of composites in the transportation system has propelled the transportation composites market all over the globe.
MARKET DYNAMICS
The transportation composites market has witnessed significant growth owing to the increasing use of composites in commercial aircraft. Moreover, the growing demand for light-weight materials and fuel-efficient vehicles is known to boost the transportation composites market in the coming years. The increasing demand for environment-friendly EVs provides a vast market opportunity for the key players operating in the transportation composites market.
MARKET SCOPE
The "Global Transportation Composites Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation by resin, fiber, application, transportation type, and geography. The global market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global transportation composites market is segmented on the basis of resin, fiber, application, and transportation type. Based on resin, the global market is segmented into thermoplastic and thermoset. On the basis of fiber, the global market is segmented into glass, carbon, and others. Based on application, the global market is segmented into interior, exterior, and others. On the basis of transportation type, the global market is segmented into airways, railways, waterways, and roadways.
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 Transportation composites market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Transportation composites 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 Transportation composites market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 Transportation composites market in these regions.
MARKET PLAYERS
The reports cover key developments in the Transportation composites 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Transportation composites market are anticipated to lucrative growth opportunities in the future with the rising demand for Transportation composites in the global market. Below mentioned is the list of few companies engaged in the Transportation composites market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Transportation composites market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Gurit Holding AG
- Hexcel Corporation
- Jushi Group
- Mitsubishi Chemical Holdings Corporation
- Owens Corning
- Royal DSM
- SGL Group
- Solvay S.A
- Teijin Limited
- Toray Industries Inc.