Stratview Research has published a new report titled “Global Composites Distributor Market” which is segmented by End-Use Industry Type (Aerospace and Defense, Wind Energy, Automotive, Marine, Construction, Pipe and Tank, Electrical and electronics, Consumer Goods, and Others), by Raw Material Type (Roving, Textile, Polyester Resin, Vinyl Ester Resin, Epoxy Resin, and Others), by Intermediate Type (Prepreg, SMC, BMC, SFT, LFT, CFT, and GMT), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the Global Composites Distributor Market was estimated to grow at a healthy CAGR of 4.7% during the forecast period of 2023-2028.
To learn more about the report, click here: https://www.stratviewresearch.com/918/composites-distributor-market.html
Composite materials are used in various end-use industries to achieve optimal efficiency and productivity. By using composite materials in the manufacturing process, manufacturers can reduce their production costs.
A composites distributor is a company that sells composite materials and products to manufacturers and other end users. Composite materials are made from two or more different materials with different properties, which are combined to create a material with superior properties. Composites are used in a wide range of industries, including aerospace, automotive, construction, marine, and wind energy.
Composites distributors typically offer a wide range of composite materials, including:
- Reinforcing fibers: glass fiber, carbon fiber, aramid fiber (Kevlar)
- Matrix materials: epoxy resin, polyester resin, vinyl ester resin
- Core materials: balsa wood, foam, honeycomb
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
End-Use Industry Trends
The market is segmented as aerospace & and defense, wind energy, automotive, marine, construction, pipe & and tank, electrical & and electronics, and consumer goods.
The construction industry held the largest share of the market during the forecast period and is expected to remain dominant during the forecast period driven by the increasing demand for lightweight and non-corrosive materials in the industry and the presence of a large number of composite part fabricators.
Raw Material Trends
The composites distributor market is segmented as roving, textile, polyester resin, vinyl ester resin, epoxy resin, and other resins.
Polyester resin is estimated to be the largest as well as the fastest-growing material during the forecast period driven by its increasing use in the construction and pipe & tank industries. The use of polyester resin offers advantages such as dimensional stability, and ease of handling, and provides mechanical and chemical resistance.
Which Region is expected to remain the largest market?
Asia-Pacific is estimated to be the largest as well as the fastest-growing composites distributor market during the forecast period due to the presence of many small-part fabricators for pipe & and tank, construction, and consumer goods end-use industries. China and India are the growth engines of the region.
North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Composites Distributor Market:
- Composites One
- Euroresins International GmbH
- FRP Services & Company
- Gazechim Composites UK
- IMCD N.V.
- Lintech International LLC
- Microtex Composites Srl
- North American Composites
- Sino Composite Co. Ltd
- Sumitomo Shoji Chemicals Co. Ltd
Key questions answered by the report.
- What is the projected CAGR for revenue from the Composites Distributor Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Composites Distributor Market?
- Which are the major market players?
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