Feb 17, 2020   SOURCE: PR NewsWire

Long-Fiber Thermoset Composites Market Outlook, 2020-2025 - Advanced Composites, LANXESS, Celanese, Lingol, and SABIC are the Key Players

DUBLIN, Feb. 17, 2020 /PRNewswire/ -- The "Long-Fiber Thermoset Composites Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

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The global long-fiber thermoset composites market is expected to grow at with a CAGR greater than 5% during the forecast period.

One of the major factors driving the market is the stringent regulations for carbon emission and uptake of electric vehicles. However, issues with recycling of long-fiber thermoset composites is hindering the growth of the market.

Among the end-user industries, building & construction accounted for the highest market share and is expected to dominate the market studied during the forecast period. North America accounts for the highest market share and is expected to dominate the market during the forecast period.

The long-fiber thermoset composites market is moderately fragmented as the market share is divided between many players. Key players in the market include Advanced Composites, LANXESS, Celanese Corporation, Lingol Corporation, and SABIC, among others.

Carbon Fiber Type to Dominate the Market

    --  Carbon fibre is the most popular material for producing long fibre
        thermoset composites especially, where the high composite strength.
    --  Carbon fibres, also known as graphite fibres, can be based on three
        chemical sources: polyacrylonitrile (PAN method that is led by Japanese
        manufacturers), rayon (such as from the Indian manufacturer Grasim) or
        petroleum pitch. More than 85% of the carbon fibres produced are made
        from polyacrylonitrile.
    --  However, the composition varies with each producer according to the
        recipe of the manufacturers. Carbon fibres are usually grouped according
        to the modulus band in which their properties fall and are supplied in
        different forms, from continuous filament tows to chopped fibres and
        mats.
    --  The main benefits of carbon fibres include their low density and hence
        high strength-to-weight ratio and stiffness.
    --  Hence, owing to the above-mentioned factors, carbon fiber type is
        expected to dominate the market studied during the forecast period.

North America to Dominate the Market

    --  North America accounts for the highest share of the market studied
        currently, with the major demand coming from the United States.
    --  The Corporate Average Fuel Economy (CAFE) regulations in the United
        States aims to raise the average fuel efficiency of new cars and
        vehicles to 54.5 miles per gallon by 2025 to reduce national dependence
        on oil.
    --  This regulatory pressure means that the American automotive industry has
        to use solutions such as light weighting to meet fuel efficiency
        targets. Recent federal initiatives are also encouraging for advanced
        composites, including for automotive applications.
    --  Hence, owing to the above-mentioned factors, North America is expected
        to dominate the market studied during the forecast period.

Key Topics Covered

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Stringent Regulations for Carbon Emission and uptake of Electric Vehicles
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Issues With Recyling of Long-Fiber Thermoset Composites Market
4.2.2 Other Restraints
4.3 Industry Value-chain Analysis
4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION
5.1 Resin Type
5.1.1 Unsaturated Polyester
5.1.2 Epoxy
5.1.3 Vinyl Ester
5.1.4 Others
5.2 Fiber Type
5.2.1 Glass Fiber
5.2.2 Carbon Fiber
5.3 End-user Industry
5.3.1 Transportation
5.3.2 Marine
5.3.3 Aerospace
5.3.4 Building & Construction
5.3.5 Wind Energy
5.3.6 Electrical & Electronics
5.3.7 Others
5.4 Geography
5.4.1 Asia-Pacific
5.4.2 North America
5.4.3 Europe
5.4.4 South America
5.4.5 Middle-East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Advanced Composites Inc.
6.4.2 Celanese Corporation
6.4.3 Conductive Composites
6.4.4 Fibrtec Inc.
6.4.5 FRP Services & Co.
6.4.6 LANXESS
6.4.7 Lingol Corp.
6.4.8 PlastiComp Inc.
6.4.9 PolyOne Corporation
6.4.10 RTP Company
6.4.11 SABIC

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/qggrnf

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