Opportunities in the composites market have evolved through a number of stages i.e. from evolution of glass reinforced plastic parts and MRI and x-ray table. Lucintel has found the future of this market to be promising; the composites market is expected to reach $39.4 billion by 2025 with a CAGR of 4%. In this market, transportation is the largest segment by end use industry, whereas injection molding is largest by manufacturing process. The development of low-cost carbon fibers, high performance glass fiber, and rapid cure resin system provides strategic growth path in this market.
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Owens Corning, Jushi Group, Nippon Electric, Toray Industries, and Hexel Corporation are some of the companies profiled in this report.
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