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Fiber-reinforced Composites Market: Application in Vehicle Production to Boost Growth

Press release Description

Albany, New York, October 3, 2018: Fiber-reinforced composites find extensive application in a number of verticals such as construction, industrial, consumer goods, transportation, energy, sports, aerospace, and electronics industries. This is expected to result in strong market demand for the foreseeable future. Better carbon emission efficiency, greater tensile strength, and low weight are some properties which make fiber-reinforced composites a preferred material for vehicle and wind mills.

Revenue earned from the fiber-reinforced composites market are estimated to grow at a CAGR of 7.4% through 2026. Insights such as these have been taken from the report titled “Fiber-reinforced Composites Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” added recently to the vast repository of Market Research Reports Search Engine (MRRSE).

Polymer matrix composites and ceramic matrix composites are anticipated to witness significant demand during the forecast period owing to properties such as the essentiality in non-metal matric composites, increased strength at low weights, compression, and optimal fatigue.

The Asia Pacific fiber-reinforced composites market is expected to grow at a relatively fast clip, followed by North America and Europe, which can largely be attributed to rapid urbanization and industrialization and the consequent investments in the construction sector in the region. 

Key market players are focusing on strategies involving geographic expansion, innovation and improvement of existing products and services, along with expansion of production capacities, to gain major competitive advantages.

Fiber-reinforced Composites Market: Report Summary

In this detailed report, readers can find a complete analysis & forecast at the regional and global levels on the fiber-reinforced composites market, on the basis of value (US$ Mn) and volume (Kilo Tons), for the period of forecast 2018 to 2026. It is an unprejudiced assessment of crucial market dynamics, along with the significant drivers, restraints, opportunities and trends that are major influencing factors on the requirement and demand for the fiber-reinforced composites market have been closely scrutinized in the report.

An end-to-end value chain analysis on the fiber-reinforced composites market has been also been provided, and the effective use of Porter’s Five Forces model helps in the readers’ enhanced understanding of the competitive scenario among major market players. A market attractiveness analysis has also been added to benchmark players on the terms of aspects such as their market size, growth rate, and general attractiveness.

Fiber-reinforced Composites Market: Research Methodology

Comprehensive primary and secondary research has been used, to extract authentic and relevant information on the fiber-reinforced composites market. The research effort includes, face-to-face discussions and telephonic interviews with a vast number of key industry experts and opinion leaders to gain new insight into factors such as market size, market trends, competitive scenario, and growth rates. Primary research represents the bulk of the research efforts, which has been validated and complemented with extensive secondary research.

Major market players in the fiber-reinforced composites market have been assessed, and data sources such as press releases, annual reports, SEC filings, investor presentations, have been studied for clear analysis on the market’s landscape. The research approach and methodologies employed here has been found to be effective in gaining useful insights on the market data, market players, and latent business opportunities.

Browse Full Global Fiber-reinforced Composites Market Report with TOC :

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