Composite Laminates Market to Witness a Double-Digit CAGR During 2020-2025

November 25, 2021

The Composite Laminates Market study by End-Use Industry Type (Building & Construction, Recreational Vehicle, Transportation, and Others), by Matrix Type (Thermoset Composites {Polyester and Others} and Thermoplastic Composites), by Reinforcement Type (Glass Composites and Carbon Composites), by Process Type (Continuous and Discontinuous), and by Region (North America, Europe, Asia-Pacific, and Rest of the World); offered by Stratview Research discusses the most up-to-date market trends as well as an industry growth estimate for the next 5 years. The report covers industry profiles of key players, including market share, regional analysis, and market division, business & development strategies, mergers & acquisitions, alliances, and key financial data, etc.

The information provided in this report is acquired from several well-grounded primary and secondary sources, such as, white papers, press releases, news, interviews with key players, revenue data sheets, etc.

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Market Insights

According to the report, the global Composite Laminates Market to marginally cross its 2019-sales figure by touching US$ 1.0 billion sales in 2025.

Market Segments' Analysis

Composite Laminates Market by End-use Industry Type

Based on the end-use industry type, the composite laminates market is segmented into building & construction, recreational vehicle, transportation, and others. Building & Construction is expected to remain the largest as well as the fastest-growing segment of the market during the forecast period.  Composite laminates are marking an increased presence by replacing most of their arch-rival materials including PVC, aluminum, and finished gypsum. All the major players have a vast product portfolio for targeting applications of the building & construction industry.

Recreational vehicles and transportation are other two major markets, occupying sizeable demand for composite laminates. Like building & construction, the outbreak of the pandemic is leaving a huge impact in these two major markets too. Composite laminates have been the most preferred product among competing materials in recreational vehicles and have been gaining momentum in the transportation industry.

This segment to record a huge variation in market dynamics in pre-COVID and post-COVID pandemic circumstances. Further, the development of next-generation recreational vehicles’ exterior sidewall panels, in 2019, by crane composites and expected recovery of RV shipments propelling the recreational vehicle market over the long-run.

Composite Laminates Market by Matrix Type

Based on the matrix type, the market is segmented into thermoset composites and thermoplastic composites. The thermoset composites market segment is further broken down into polyester and other thermosets. Thermoset composite is expected to remain the larger segment, whereas thermoplastic composite is likely to recover at a faster pace from 2021 onwards. Polyester composite held the major share in 2019, owing to its low cost and adequate performance required in the major end-use industries including building & construction and recreational vehicles.

Regional Insights

In terms of region, North America is expected to remain the largest market during the forecast period. However, the impact of COVID-19 in the North American region is more prolonged than in other regions. It has been also anticipated that in the long run, the region will bounce back because of the strong supply chain in the USA. Asia-Pacific, a relatively small market, is projected to witness excellent growth after 2021. Building & construction is expected to drive the demand for composite laminates in the region. China, Japan, Australia, and India are projected to be the growth engines of the region’s market.

 

Key Players

The following are the key players in the Composite Laminates Market-

 

• Crane Composites
• LAMILUX Heinrich Strunz Holding GmbH & Co. KG
• Stabilit {America, Europa, and Suisse}
• Brianza Plastica S.p.A.
• Vetroresina SpA
• U.S. Liner Company (Uslco)
• Optiplan GmbH
• Panolam Industries International, Inc.
• Polser Fiberglass Reinforced Plastics Inc.

 

Research Methodology

This market report from Stratview Research provides a thorough analysis that reflects present and future market possibilities for the forecast period of 2021 to 2026. This market report is compiled through several authenticated secondary sources, such as company’s annual reports, press releases, white papers, articles, etc. Also, the market experts have performed several interviews with the industry stakeholders in order to collect reliable and insightful information.

Custom Research:

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Critical Questions Answered in the Report

• What are the key trends in the Composite Laminates Market?
• How has the market (and its various sub-segments) grown in the last five years?
• What would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the Composite Laminates Market?
• What is the market share of the top vendors?

 

About Us

Stratview Research is a global market research firm helping its users tract the ever-evolving market scenarios through its top-notch market reports. It offers the most granular market segmentation across all the industries. Connect with Stratview Research, for any queries at –

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Author : Meha Prasad