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Closed Molding Composites Market by Fiber Type, Application, Process - Global Forecast to 2021

Closed Molding Composites Market: Global Forecast until 2021

  • September 2016
  • 163 pages
  • ID: 4141084
In this report:
This region is expected to witness slower growth in the near future due to decline in the Chinese construction industry from ##.##% in 2014 to ##.##% in 2015, which restrict the growth of the composite materials market in this region.
The global demand for closed molding composites was ##,##.## kilotons in 2015, and is projected to reach ##,##.## kilotons by 2021, at a CAGR of ##.##% between 2016 and 2021.

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"Closed molding composites market estimated to register a Compound annual growth rate of ~7.4 percent during forecast period"

The closed molding composites market is estimated to grow ~$66.6B by 2021, at a compound annual growth rate of ~7.4 percent between 2016 and 2021. The main driver stimulating the closed molding composites market is strong demand from the aerospace & defense sector, as they have the ability to minimize weight and growth fuel efficiency.

The advantages of closed molding processes over traditional molding processes including improvement of productivity through innovative engineering approaches, minimization of energy consumption, and reduction of emission levels also drive the sector.

"Aerospace & defense is the quickest increasing application segment in the closed molding composites market, in terms of value importance."

The main drivers of closed molding composites in the aerospace & defense market are the increase in number of airplane deliveries, high performance properties including lightweight, excellent safety & acoustic features, and government regulations. Advanced closed molding composites offer higher fatigue tolerance, which helps in improving or growing the structure of components. To comply with regulatory norms, aerospace manufacturers including Boeing, Airbus, GE Aviation, and others have started using these composites to manufacture primary & secondary structures and interior components of aircraft. Therefore, aerospace & defense application is likely to be the most profitable investment pocket for partners.

"APAC is the quickest-rising market of closed molding composites."

Asia-Pac is anticipated to be the quickest developing market for closed molding composites in the upcoming five years. The industry in this area is influenced by rising consumption of closed molding composite in several industries including wind energy, construction, electrical & electronics, and transportation. China (CN) leads the sector in Asia Pacific (APAC). Its consumption has grown remarkably owing to increase in the wind energy, sporting goods, and aerospace & defense sectors. The wind energy sector in China (CN) witnessed the more important number of wind energy installations in 2015; it added 30.8 GW of new capacity.

This analysis has been approved through primaries managed with different market experts, globally. Those primary sources have been sliced into following three categories:

- By type of company- tier 1 40.0 percent, Tier 2 33.0 percent, and Tier 3 27.0 percent

- By designation- C Level- 4.0 percent, Director Level- 15.0 percent, and Others- 45.0 percent

- By region- North america (NA)- 15%, EU- 55.0 percent, Asia-pac- 30%

- Distributors & providers

- Industry associations

Strategic Analysis Report

By area:

- North america (NA)

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