28 September 2020
Visiongain has launched a new report Europe Composites Market Report : Forecasts by Resin (Thermosetting, Thermoplastic), by Manufacturing Process (Layup Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, Compression Molding Process, Resin Transfer Molding Process, Others), by End-use (Automotive & Transportation, Aerospace & Defense, Wind Energy, Electrical & Electronics, Construction & Infrastructure, Pipes & Tanks, Marine, Others) and Country, and Profiles of Leading Companies.
The global Europe Composites market is anticipated to grow at a lucrative CAGR of more than xx % and anticipated to cross USD xx billion by 2030. The manufacture of cars and aircraft composite products plays a key role. The growing concerns about fuel consumption and pollution carbon emission rates have prompted manufacturers to replace metal parts with carbon fiber composites.
The demand for composites in the automotive sector is to be powered by technological advances to reduce production cycle time. Aerospace is one of Europe's most rapidly growing markets. Due to its low weight and high rigidity, product use in this industry is growing. Composite materials are mainly intended to minimize aircraft weight and implement machines with improved performance. The demand generated by manufacturers such as Dassault Aviation and Airbus are one of the main markets for the aviation industry.
The fastest growing segment of carbon fiber over the forecast period is anticipated. Carbon fiber is primarily made up of carbon atoms which are connected in parallel fibre-aligned crystals. Carbon fibers are mixed to form composites with other materials. The weight and strength of glass fibers relative to metals are highly beneficial. When cooled, thermoplastics are hardened and retain their plasticity as well.
Key players operating into this market include Teijin Limited, Toray Industries, Inc., Owens Corning, Nippon Electric Glass Co., Ltd., Huntsman International LLC, SGL Group, Hexcel Corporation, DowDuPont Inc, Compagnie de Saint-Gobain S.A., Weyerhaeuser Company, Momentive Performance Materials, Inc., Solvay, China Jushi Co., Ltd.
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