Global composite preforms market likely to reach $302 Million by 2021

Global composite preforms market likely to reach $302 Million by 2021

Global high performance glass fiber market expected to reach $337 million by 2021.

September 9, 2016

Detroit –Stratview Research has launched two exclusive market research reports:

Global Composite Preforms Market by Application Segment (Aerospace & Defense, Automotive, Consumer Goods, Infrastructure, Medical, Marine, and Others), by Fiber Type (Glass Fiber, Carbon Fiber, and Others), by Product Type (Braiding, Weaving, Stitching, and Knitting), by Structure Type (One-D, Two-D, and Three-D), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 - 2021

and

Global High Performance Glass Fiber Market by End Use Industry (Aerospace & Defense, Sporting Goods, Automotive, Wind Energy, Electrical & Electronics, and Others), by Usage (Polymer Composites and Non-Polymer Composites), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021.

The reports provide detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in both the markets.

The Global Composite Preforms Market: Highlights 
As per Stratview Research, the global composite preforms market offers an excellent growth of 8.5% CAGR during the forecast period of 2016 to 2021, which offers an opportunity to the composites industry players to align themselves with the market growth. Currently most of the composite preforms are used in the turbofan engine applications for commercial aircraft, for example fan blade.

A number of factors bolster the growth of composite preforms over the period 2010 to 2021. The author of the report cited increasing usage of composites in aerospace & defense and automotive, ability to develop complex parts, excellent product strength, and shortened cycle time are the major drivers providing growth momentum to the global composite preforms market. 

Aerospace & defense is expected to remain the dominant application segment in the composite preforms market whereas automotive is expected to experience the fastest growth over the next five years

North America is expected to remain the dominant region in the composite preforms market, the region being the manufacturing hub of major turbofan engine OEMs. 

The Global High Performance Glass Fiber Market: Highlights 

Stratview Research foresees a robust growth of 9.2% CAGR in the global high performance glass fiber market over the next five years (2016 - 2021), which offers an opportunity to the composites industry players to align themselves with the market growth.

The author stated that aerospace & defense industry segment is expected to remain the growth engine of high performance glass fiber market during the forecast period. Increasing aerospace & defense deliveries, automotive production, and increasing high performance fiber penetration in performance driven applications, such as helicopter blade and ballistic armor are the key growth drivers of the high performance glass fiber market.

North America is expected to remain the largest market for high performance glass fiber market during the forecast period. 

Report Features 
The reports' structure provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Source: Stratview Research