Global Closed Molding Composites Market was valued at US$ 46.89 Bn in 2019 and is expected to reach US$ 72.98 Bn by 2027, at a CAGR of 5.69% during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region. Global Closed Molding Composites Market To know about the Research Methodology :- Request Free Sample Report
Global Closed Molding Composites Market Dynamics:
The major driver in the global closed molding composites market is having high demand from the aerospace & defense industry, as they have the ability to reduce weight and increase fuel efficiency. The advantages of closed molding processes over traditional molding processes such as improvement of productivity through innovative engineering approach, minimization of energy consumption, and reduction of emission levels also drive the market.
Global Closed Molding Composites Market Segment Analysis:
Based on the application segment, aerospace & defense is estimated to hold the largest market share during the forecast period. Because of the factors like rising in monthly production of Boeing’s 787 from 10 aircraft to 12 aircraft. This is likely to increase the demand for the global closed molding composites market from Boeing, as they account for nearly 50% of the structural components of Boeing aircraft. On the basis of the manufacturing process segment, Vacuum infusion & bagging is the most preferred closed molding process to manufacture composites and is estimated to hold the largest market share during the forecast period. This is because of its use in manufacturing components for aerospace & transportation, defense, and wind energy applications. The process produces strong, lightweight laminates, and offers substantial emission reductions. The demand for closed molding composites manufactured by the compression molding process is increasing in applications such as transportation, construction, and electrical & electronics, as they require a good surface finish and non-corrosive properties, which are provided by these composites.
Global Closed Molding Composites Market Regional Insights:
In terms of region, Asia-Pacific is estimated to hold the largest market share during the forecast period. Because of high demand from the wind energy, electrical & electronics, and construction applications in this region accompanied by regulatory norms requiring the use of eco-friendly materials. The growth of the wind energy industry in this region has improved the demand for producing lightweight closed molding composites. The construction sector also drives the market, especially, in China and Japan. India is expected to become an important market for the global closed molding composites market in the next five years because of the growth of the end-use industries like infrastructure, transportation, wind energy, and electrical & electronics. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding global closed molding composites market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to the emerging segment in the global closed molding composites market.
Global Closed Molding Composites Market, Key Highlights:
• Global Closed Molding Composites Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Closed Molding Composites Market • Global Closed Molding Composites Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Closed Molding Composites Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Closed Molding Composites Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Closed Molding Composites Market are also profiled. The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of the Global Closed Molding Composites Market Report:Inquire before buying
Global Closed Molding Composites Market, By Fiber Type
• Carbon Fiber Closed Molding Composites • Glass Fiber Closed Molding Composites • Other Fiber Closed Molding Composites
Global Closed Molding Composites Market, By Application
• Transportation • Aerospace & Defense • Electrical & Electronics • Wind Energy • Construction & Infrastructure • Other Applications
Global Closed Molding Composites Market, By Manufacturing Process
• Vacuum Infusion & Bagging • Injection Molding Process • Pultrusion Process • Compression Molding Process • Resin Transfer Molding Process • Other Processes
Global Closed Molding Composites Market, By Region
• North America • Europe • Asia Pacific • Middle East and Africa • South America
Global Closed Molding Composites Market Key Player
• A. Schulman, Inc. • Royal Tencate N.V. • Polynt S.P.A • Exel Composites • Core Molding Technologies, Inc. • Strongwell Corporation • Menzolit GmbH • Continental Structural Plastics, Inc. • Saertex • GKN Aerospace • Huntsman Corporation • Gurit Holding AG • Scott Bader Co. Ltd. • Teijin Ltd. • Chomarat • Molded Plastic Industries Inc. • KraussMaffei Group • New Boston RTM • Seemann Composites Inc.
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