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Covid 19 Impact On Composites Market

COVID-19 Impact On Composites - Global Market Outlook (2019-2027)

4.6 (78 reviews)
Published: July 2020 ID: SMRC19606
4.6 (78 reviews)
Published: July 2020 ID: SMRC19606

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global COVID-19 Impact On Composites Market is accounted for $90.60 billion in 2019 and is expected to reach $149.94 billion by 2027 growing at a CAGR of 6.5% during the forecast period. Some of the key factors propelling the market growth include increasing use of composites in commercial aircraft, government stimulus packages, increase in the use of carbon fiber in wind blades, and low crude oil prices. However, impacts on supply chain and logistics lower capacity utilization are expected to restrain the market growth.

Composites which are in natural or synthetic form are also called as fiber-reinforced polymer (FRP) composites. These composites are obtained from a polymer matrix as these protects the fibers from any environmental and external damage which is strengthen with an engineered, man-made or natural fiber and then transfers the load between the fibers. Composite is a physical combination of two or more materials as to produce a combination of structural properties which is not present in any individual component.

By resin type, thermoset composites segment is expected to grow at the significant rate during the forecast period. Thermoset composites are very durable and low on maintenance because of their rigid inter-linking molecular structure, inert chemical composition, and resistance to ultraviolet and chemical attack. However, due to COVID- 19, the demand for thermoset resins from wind energy, automotive & transportation, aerospace & defense, pipes & tanks, and other industries is expected to decline.

On the basis of geography, APAC is the major consumer of composite owing to high demand from China, Japan, India, and other countries. Major end-use industries of composites in the APAC market include construction, automotive & transportation, aerospace & defense, and wind energy, among others. Advancements in technology, regulatory policies, and government norms are some of the major factors driving the composites market in APAC. However, the COVID-19 pandemic is expected to reduce the demand for composites in the region owing to continuous lockdown across various countries.

Some of the key players in COVID-19 impact on composites market include Huntsman International LLC., TPI Composites, Inc, Hexagon Composites, Schulman, Owens Corning, Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, SGL Group, Nippon Electrical Glass Co. Ltd., Koninklijke Ten Cate bv., HITCO Carbon Composites, Inc., Solvay, Exel Composites, The Quadrant Group of Companies, Core Molding Technologies, Continental Structural Plastics, Menzolit GmbH, and GKN Aerospace.

Resin Types Covered:
• Thermoplastic Composites
• Thermoset Composites

Fiber Types Covered:
• Ceramic Matrix Composites
• Metal Matrix Composites
• Polymer Matrix Composites

End Users Covered:
• Construction & Infrastructure
• Marine & Oil & Gas
• Aerospace & Defense
• Wind Energy
• Electronics
• Automotive & Transportation

Technologies Covered:
• Filament Winding
• Compression Molding
• Pultrusion Process
• Layup Process
• Injection Molding
• Resin Transfer Molding
• Other Technologies

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain 
o Rest of Europe      
• Asia Pacific
o Japan        
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

1 Executive Summary       
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 End User Analysis      
 3.7 Technology Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global COVID-19 Impact On Composites Market, By Resin Type       
 5.1 Introduction      
 5.2 Thermoplastic Composites      
 5.3 Thermoset Composites      
        
6 Global COVID-19 Impact On Composites Market, By Fiber Type       
 6.1 Introduction      
 6.2 Ceramic Matrix Composites      
 6.3 Metal Matrix Composites      
 6.4 Polymer Matrix Composites      
  6.4.1 Aramid Fiber Composites     
  6.4.2 Carbon Fiber Composites     
  6.4.3 Glass Fiber Composites     
  6.4.4 Natural Fiber Composites     
         
7 Global COVID-19 Impact On Composites Market, By End User     
  
 7.1 Introduction      
 7.2 Construction & Infrastructure      
 7.3 Marine & Oil & Gas      
  7.3.1 Pipes & Tanks     
 7.4 Aerospace & Defense      
 7.5 Wind Energy      
  7.5.1 Consumer Goods     
 7.6 Electronics      
 7.7 Automotive & Transportation      
  7.7.1 Exterior     
  7.7.2 Power Train Components     
  7.7.3 Interior     
  7.7.4 Other Automotive & Transportation     
   7.7.4.1 Brake Pads    
   7.7.4.2 Chasis    
        
8 Global COVID-19 Impact On Composites Market, By Technology       
 8.1 Introduction      
 8.2 Filament Winding      
 8.3 Compression Molding      
 8.4 Pultrusion Process      
 8.5 Layup Process      
 8.6 Injection Molding      
 8.7 Resin Transfer Molding      
 8.8 Other Technologies      
  8.8.1 Automated Tape Laying     
  8.8.2 Automated Fiber Placement     
        
9 Global COVID-19 Impact On Composites Market, By Geography       
 9.1 Introduction      
 9.2 North America      
  9.2.1 US     
  9.2.2 Canada     
  9.2.3 Mexico     
 9.3 Europe      
  9.3.1 Germany     
  9.3.2 UK     
  9.3.3 Italy     
  9.3.4 France     
  9.3.5 Spain     
  9.3.6 Rest of Europe     
 9.4 Asia Pacific      
  9.4.1 Japan     
  9.4.2 China     
  9.4.3 India     
  9.4.4 Australia     
  9.4.5 New Zealand     
  9.4.6 South Korea     
  9.4.7 Rest of Asia Pacific     
 9.5 South America      
  9.5.1 Argentina     
  9.5.2 Brazil     
  9.5.3 Chile     
  9.5.4 Rest of South America     
 9.6 Middle East & Africa      
  9.6.1 Saudi Arabia     
  9.6.2 UAE     
  9.6.3 Qatar     
  9.6.4 South Africa     
  9.6.5 Rest of Middle East & Africa     
        
10 Key Developments       
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 10.2 Acquisitions & Mergers      
 10.3 New Product Launch      
 10.4 Expansions      
 10.5 Other Key Strategies      
        
11 Company Profiling       
 11.1 Huntsman International LLC.      
 11.2 TPI Composites, Inc      
 11.3 Hexagon Composites      
 11.4 Schulman      
 11.5 Owens Corning      
 11.6 Toray Industries, Inc.      
 11.7 Teijin Limited       
 11.8 Mitsubishi Chemical Holdings Corporation      
 11.9 Hexcel Corporation      
 11.10 SGL Group      
 11.11 Nippon Electrical Glass Co. Ltd.       
 11.12 Koninklijke Ten Cate bv.      
 11.13 HITCO Carbon Composites, Inc.      
 11.14 Solvay       
 11.15 Exel Composites      
 11.16 The Quadrant Group of Companies      
 11.17 Core Molding Technologies      
 11.18 Continental Structural Plastics      
 11.19 Menzolit GmbH      
 11.20 GKN Aerospace      


List of Tables        
1 Global COVID-19 Impact On Composites Market Outlook, By Region (2018-2027) ($MN)       
2 Global COVID-19 Impact On Composites Market Outlook, By Resin Type (2018-2027) ($MN)       
3 Global COVID-19 Impact On Composites Market Outlook, By Thermoplastic Composites (2018-2027) ($MN)       
4 Global COVID-19 Impact On Composites Market Outlook, By Thermoset Composites (2018-2027) ($MN)       
5 Global COVID-19 Impact On Composites Market Outlook, By Fiber Type (2018-2027) ($MN)       
6 Global COVID-19 Impact On Composites Market Outlook, By Ceramic Matrix Composites (2018-2027) ($MN)       
7 Global COVID-19 Impact On Composites Market Outlook, By Metal Matrix Composites (2018-2027) ($MN)       
8 Global COVID-19 Impact On Composites Market Outlook, By Polymer Matrix Composites (2018-2027) ($MN)       
9 Global COVID-19 Impact On Composites Market Outlook, By Aramid Fiber Composites (2018-2027) ($MN)       
10 Global COVID-19 Impact On Composites Market Outlook, By Carbon Fiber Composites (2018-2027) ($MN)       
11 Global COVID-19 Impact On Composites Market Outlook, By Glass Fiber Composites (2018-2027) ($MN)       
12 Global COVID-19 Impact On Composites Market Outlook, By Natural Fiber Composites (2018-2027) ($MN)       
13 Global COVID-19 Impact On Composites Market Outlook, By End User (2018-2027) ($MN)       
14 Global COVID-19 Impact On Composites Market Outlook, By Construction & Infrastructure (2018-2027) ($MN)       
15 Global COVID-19 Impact On Composites Market Outlook, By Marine & Oil & Gas (2018-2027) ($MN)       
16 Global COVID-19 Impact On Composites Market Outlook, By Pipes & Tanks (2018-2027) ($MN)       
17 Global COVID-19 Impact On Composites Market Outlook, By Aerospace & Defense (2018-2027) ($MN)       
18 Global COVID-19 Impact On Composites Market Outlook, By Wind Energy (2018-2027) ($MN)       
19 Global COVID-19 Impact On Composites Market Outlook, By Consumer Goods (2018-2027) ($MN)       
20 Global COVID-19 Impact On Composites Market Outlook, By Electronics (2018-2027) ($MN)       
21 Global COVID-19 Impact On Composites Market Outlook, By Automotive & Transportation (2018-2027) ($MN)       
22 Global COVID-19 Impact On Composites Market Outlook, By Exterior (2018-2027) ($MN)       
23 Global COVID-19 Impact On Composites Market Outlook, By Power Train Components (2018-2027) ($MN)       
24 Global COVID-19 Impact On Composites Market Outlook, By Interior (2018-2027) ($MN)       
25 Global COVID-19 Impact On Composites Market Outlook, By Other Automotive & Transportation (2018-2027) ($MN)       
26 Global COVID-19 Impact On Composites Market Outlook, By Technology (2018-2027) ($MN)       
27 Global COVID-19 Impact On Composites Market Outlook, By Filament Winding (2018-2027) ($MN)       
28 Global COVID-19 Impact On Composites Market Outlook, By Compression Molding (2018-2027) ($MN)       
29 Global COVID-19 Impact On Composites Market Outlook, By Pultrusion Process (2018-2027) ($MN)       
30 Global COVID-19 Impact On Composites Market Outlook, By Layup Process (2018-2027) ($MN)       
31 Global COVID-19 Impact On Composites Market Outlook, By Injection Molding (2018-2027) ($MN)       
32 Global COVID-19 Impact On Composites Market Outlook, By Resin Transfer Molding (2018-2027) ($MN)       
33 Global COVID-19 Impact On Composites Market Outlook, By Other Technologies (2018-2027) ($MN)       
34 Global COVID-19 Impact On Composites Market Outlook, By Automated Tape Laying (2018-2027) ($MN)       
35 Global COVID-19 Impact On Composites Market Outlook, By Automated Fiber Placement (2018-2027) ($MN)       
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.       

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