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Opportunities For The Global Composites Distributor Market To Reach $4.8 Billion By 2023
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According to a new market report published by Lucintel, the future of the global composites distributor market looks promising with opportunities in transportation, marine, wind energy, aerospace & defense, pipe & tank, automotive, marine, construction, electrical/electronics, and consumer goods. The global composites distributor market is expected to reach $4.8 billion by 2023 with a CAGR of 4.7% from 2018 to 2023. The major drivers in this market are increasing demand for composites in North America and Asia Pacific region and presence of large number of medium and small composite part manufacturers.
In this market various types of fibers (glass fiber, carbon fiber, etc) and resins (unsaturated polyester resin, vinyl ester, epoxy resin, etc) are sold by composite distributors to part fabricators. On the basis of comprehensive research, polyester resin is expected to remain the largest material by value and volume and it is also expected to witness the highest growth during the forecast period due to increasing demand in construction and pipe & tank industry.
Within this market, construction will remain the largest end use industry due to growth in demand for light weight and non-corrosive materials in industrial, commercial, residential, and civil construction applications as well as prensence of large number of composite part fabricators. Distributors generally serve small to medium size part fabricators as they buy small to mid sized quantitites for various applications.
Asia Pacific is expected to remain the largest region by value and volume and is also expected to experience the highest growth over the forecast period because of growing composites market and presence of a large number of small part fabricators especially for pipe & tank, construction, and consumer goods end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing of new distributors in emerging countries and increase in product portfolio. Composites One, North American Composites, Gazechim, Euroresins, Lintech International, FRP Services, IMCD Group B.V., Microtex Composites SRL, Sino Composites, Sumitomo Shoji Chemicals, Sojitz Corporation, and Soon Yang Chemicals, are among the leading suppliers of the composites distributor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global composites distributor market by end use industry, raw material, intermediate, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Composites Distributor Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global composites distributor market by end use industry, raw material, intermediate, and region as follows:
By End Use Industry ($M shipment analysis for 2012 to 2023):
• Aerospace and Defense
• Wind Energy
• Pipe and Tank
• Consumer Goods
By Raw Material ($M shipment analysis for 2012 to 2023):
• Roving (GF/CF)
• Textile (GF/CF)
• Polyester Resin
• Vinyl Ester Resin
• Epoxy Resin
• Other Resins
By Intermediate ($M shipment analysis for 2012 to 2023):
• SMC (Sheet Molding Compound)
• BMC (Bulk Molding Compound)
• SFT (Short Fiber Thermoplastic)
• LFT (Long Fiber Thermoplastic)
• CFT (Carbon Fiber Thermoplastic)
• GMT (Glass Mat Thermoplastic)
By Region ($M shipment analysis for 2012 to 2023):
• North America
• Asia Pacific
• The Rest of the World
This 170 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global composites distributor market by end use industry (aerospace and defense, wind energy, automotive, marine, construction, pipe and tank, electrical/electronics, consumer goods, and others), by raw material (roving, textile, polyester resin, vinylester resin, epoxy resin, and other resins), by intermediate (prepreg, SMC, BMC, SFT, LFT, CFT, and GMT), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the leading players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and to what extent do they pose a threat for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in this market?
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