27 August 2019
Visiongain has launched a new construction report Top 30 Composites Companies Report 2019: Market Share Analysis, Financials & Key Strategies and Achievements Details for the Glass Fibre, Carbon Fibre and Aramid Fibre Companies, Including Owens Corning Corporation, Saint-Gobain, Asahi Fibreglass Company, Mitsubishi Chemical Corporation, Johns Manville Corp. and More.
The composites market is a very specialised market, with most companies producing one type of composite. In 2019, global Glass Fibre Reinforced Polymers demand was dominated by the construction industry. Growing demand for residential, commercial, industrial, water transportation and storage is expected to fuel market growth. Carbon fibre is the most expensive composite of the three analysed in this report to manufacture, due to the combination of high energy consumption, specialised labour costs and the extensive manufacturing time.
Many of these companies are important players in the composites market because of their innovation and pioneering approaches. Most of these companies invest heavily in research and development and in ways of finding new applications for composites. Visiongain believes this trend will increase the size of the composites market rapidly in the next decade.
The Visiongain report analyst commented "The biggest players in the composites market, overall, include Owens Corning, Teijin, Hexcel Corporation, and PPG Industries. However, these companies by no means have a dominant stake than other leading composite companies as the market is highly competitive and fragmented. There has been considerable revenue growth for some composites companies, particularly those located in Asia or those with major operations in Asia. This is because of an increased domestic demand within Asian countries, as well as an overall rise in composite demand across the globe."
Leading companies featured in the report who are developing composites include Asahi Fibreglass Company, Guardian Fibre Glass, Owens Corning, Hexcel Corporation, China Fibreglass Company among others.
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