Lucintel Forecasts the Global Composites Distributor Market to Reach $4 Billion by 2030
Lucintel Forecasts the Global Composites Distributor Market to Reach $4 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global composites distributor market looks promising with opportunities in the 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 an estimated $4 billion by 2030 at a CAGR of 1% from 2023 to 2030. The major drivers for 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.
Browse 89 figures/charts and 76 tables in this 181-page report to understand trends, opportunity and forecast in composites distributor market to 2030 by end use (aerospace and defense, wind energy, automotive, marine, construction, pipe and tank, electrical/electronics, consumer goods, and others), raw material (roving, textile, polyester resin, vinylester resin, epoxy resin, and other resins), intermediate (prepreg, SMC, BMC, SFT, LFT, CFT, and GMT), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, 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.
Construction will remain the largest end use due to growth in demand for light weight and non-corrosive materials in industrial, commercial, residential, and civil construction applications as well as presence of large number of composite part fabricators. Distributors generally serve small to medium size part fabricators as they buy small to mid-sized quantities 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
Composites One, North American Composites, Revchem Composites, Bodo Möller Chemie, ICOM Composites are the major suppliers in the composites distributor market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056