Composites Distributor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Composites Distributor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Use of composites is mainstreaming across multiple end-use industries, such as aerospace and defense, driving progress of composites distributor market. Rising demand for sustainable materials has worked in favor for the exponential rise in sales of composites, boosting growth of composites distributor market.
End-users are increasingly incorporating advanced composites into their traditional and conventional manufacturing processes, to attain optimal efficiency and productivity. Use of composites is also aimed at achieving reduced production costs and improve the endorsement of sustainable materials. Optimistic scenario demonstrating adoption of composites is foreseen to provide a substantial fillip to growth of composites distributor market.
Composites Distributor Market- Notable Highlights
- In 2018, Composites One was appointed as a new North America distributor by Solvay for its product lines and process materials. Composites One, as an integral part of Solvay’s authorized distribution network, takes care of a wide-range of consumables, such as release films, vacuum bagging films, release fabrics, peel plies, sealant tapes, and adhesive tapes. This new partnership is aimed at enabling Solvay to have enhanced access to multiple customer brackets and market segments, thus providing a substantial fillip to its overall profit margins.
- In 2018, IMCD Group B.V. completed the acquisition of around 100% of the outstanding shares of a European specialty chemicals distributor ‘Velox GmbH’. Velox was identified as an appropriate fit with the existing operations of IMCD, on account of its well-established relationships with the global suppliers of composites and plastics. With this successful acquisition, IMCD aims to solidify its foothold as a distributor of composites and specialty plastics.
- Microtex Composites SRL entered into a long-term partnership with Total Composites Solutions (TCS) Ltd, a leading organization offering advanced composites and product distribution, in 2018. The robust R&D culture along with impressive product portfolio of Microtex complements the capabilities and production approaches of TCS. This alliance was aimed at achieving high profitability in terms of revenue foothold and market sustenance via combined expertise.
Some of the most prominent competitors operating in the competitive landscape of global composites distributor market include –
- North American Composites
- Euroresins
- IMCD Group B.V.
- Lintech International
- Composites One
- Sino Composites
- Frp Services & Company
- Microtex Composites SRL
- Gazechim
- Sojitz Corporation
- Microtex Composites SRL
- Sumitomo Shoji Chemicals
- Soon Yang Chemicals Sdn Bhd
Composites Distributor Market Dynamics
Demand for Lightweight Materials across Multiple Industries Creates Growth Opportunities
The demand for composites is on a consistent rise, both in developed as well as developing regions, on account of rising clamor for lightweight materials across manufacturing ecosystems. Multiple industry verticals, including automotive, aerospace & defense, construction, and consumer goods, seek lightweight materials, such as composites, on account of their high strength and computability. This, in turn, is likely to augur well for the growth of composites distributor market.
The composites distributor market is likely to gain tailwinds from industries such as pressure vessels and wind energy, which are experiencing faster growth and actively seeking high-performance composites.
North America & Asia Pacific to Emerge as Lucrative Regions for Composites Distributor
Asia-Pacific, on account of being a prominent consumer of composites, is likely to create sustained growth opportunities for companies operating in the composites distributor market. North America follows the trail in terms of composite consumption, paving mega avenues for growth of the market players over the forecast period. Both in Asia Pacific and North America, sustained demand for composites from multiple industries, such as automotive, aerospace & defense, construction, is foreseen to drive the growth of composites distributor market.
Polyester Resin Remains the Highly Favored Material in the Composites Distributor Market
Polyester resin continues to remain in high demand and is likely to witness substantial adoption, both in terms of value and volume, owing to their role in facilitating seamless production of composite materials. Demand for polyester resin is likely to take off significantly in the future, primarily driven by increased use in pipe & tank and construction applications. Polyester resins offer a multitude of advantages, such as dimensional stability, ease of handling, and mechanical & chemical resistance, which is likely to drive its adoption across multiple end-use verticals.
Composites Distributor Market Segmentation
By Raw Material
- Polyester Resin
- Roving (GF/CF)
- Vinyl Ester Resin
- Epoxy Resin
- Textile (GF/CF)
- Others
By Intermediate
- GMT (Glass Mat Thermoplastic)
- Prepreg
- CFT (Carbon Fiber Thermoplastic)
- BMC (Bulk Molding Compound)
- SMC (Sheet Molding Compound)
- SFT (Short Fiber Thermoplastic)
- LFT (Long Fiber Thermoplastic)
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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