Composites Market

Date: 2016-05

Composite material is made from two or more constituents with diverse physical and chemical properties which when collective together produces a material with characteristics different from the individual materials. The composite materials may include construction materials such as cement, concrete; reinforced plastics; metal composites, ceramic composites. The two main categories of composite materials are matrix and reinforcement. The matrix material ambiances and supports the reinforcement materials by preserving their relative positions. The reinforcements divulge special mechanical and physical properties to develop the matrix properties. High demand for composites from end-user industry from the emerging economies, such as China, Japan, Brazil and India are the major drivers as per the current market dynamics. The forthcoming technological progressions, natural material expansions, and pioneering practices industrialized for the use of composites will be main factors for the global market, with amplified prominence on the existing cost and their applications.

The Composite are broadly divided into several materials such as polymers, metal, ceramics, carbon & graphite & others. The market is also classified by form such as particle-reformed, fibers-reformed and structural.

Composites market is segmented by resin type, which comprises of thermosetting resins & thermoplastics resins. It is also been classified by application, which includes electronics & semiconductor, automotive, aerospace & defense, construction, marine and others. As per the current trends, the composites market has grown significantly over the last few years. APAC is the largest region in terms of demand of composites followed by Europe and North America

Asia-Pacific (APAC) has been the leading region in terms of deployment and adoption of composites market, followed by North America and Europe in 2015. The APAC region is the fastest-growing market for composites, in terms of volumes. The growing aerospace & construction applications in the APAC region are also accountable for the rise in market in terms of consumption and production capacity from the developed markets to the developing markets. . A detailed qualitative analysis of the factors responsible for driving and restraining growth of the composites market and future opportunities are provided in the report.

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