Feb 11, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Composites Distributor Market.
It was estimated prior to this unanticipated outbreak that the Composites Distributor Market is likely to witness an impressive CAGR of 4.7% during the forecast period. The increasing demand for composites in North America and Asia-Pacific and the presence of a large number of composite part fabricators are likely to propel the composites distributor market during the forecast period.
Composite materials are used in various end-use industries to achieve optimal efficiency and productivity. By using composite materials in the manufacturing process, the manufacturers are able to reduce their production costs.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Segment Analysis
Based on the end-use industry type, the market is segmented as aerospace & defense, wind energy, automotive, marine, construction, pipe & tank, electrical & electronics, and consumer goods. The construction industry held the largest share of the market in 2019, and is expected to remain dominant during the forecast period driven by the increasing demand for light weight and non-corrosive materials in the industry and the presence of a large number of composite part fabricators.
Based on the raw material type, 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, ease of handling and provides mechanical and chemical resistance.
In terms of regions, 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 a large number of small part fabricators for pipe & 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.
Key Players:
Key players operating in the global Composites Distributor market are-
- Composites One
- Euroresins International GmbH
- FRP Services & Company
- Gazechim Composites UK
- IMCD N.V.
- Lintech International LLC.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Composites Distributor analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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