Detroit, May 16, 2018 (GLOBE NEWSWIRE) -- Stratview Research announces the launch of a new market research report on Continuous Fiber Composites Market by Form Type (Woven Fabrics, Non-Crimp Fabrics, Unidirectional Tape, and Others), by Resin Type (Thermoset Composites and Thermoplastic Composites), by Reinforcement Type (Glass Fiber Composites, Carbon Fiber Composites, and Other Composites), by End-Use Industry Type (Aerospace & Defense, Automotive, Wind Energy, Sporting Goods, Electronics, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
The Continuous Fiber Composites Market: Highlights
As per Stratview Research, the global continuous fiber composites market is likely to grow at a healthy CAGR of 6.5% over the next five years, driven by a host of factors including an organic growth of composite rich end-use industries including automotive and aerospace & defense; introduction of stringent government regulations regarding the fuel efficiency enhancements and the carbon emission reductions; and superior performance of continuous fiber composites over traditional metals including aluminum and steel.
Based on the form type, woven fabric is projected to remain the most dominant form type in the market during the forecast period, driven by high usage in various end-use industries including wind energy, automotive, and electronics. However, unidirectional (UD) tape is likely to be the fastest-growing market over the next five years.
Based on the reinforcement type, glass fiber composite is projected to remain the most dominant segment of the market during the forecast period and carbon fiber composite is likely to witness the highest growth during the same period.
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In terms of region, Asia-Pacific is likely to remain the largest market during the forecast period, driven by China, India, and Japan, and Europe is likely to witness the highest growth during the same period, driven by aerospace & defense and automotive industries.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.