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Structural Composites Market Share

Name: Structural Composites Market Size and Share | Statistics - 2026
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI4678
Published Date: May 2020
Report Format: PDF

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Structural Composites Market Share

Some key participants in the global structural composites industry are:

Hexcel Corporation
Hexion Inc
Teijin Limited
Solvay
Mitsubishi Chemical Holdings Corporation
Toray Group
Huntsman Corporation
Owens Corning
SGL Group
Argosy International Inc
Janicki Industries
NORPLEX-MICARTA

Major market players are emphasizing on merger & acquisition strategies to strengthen their competitive advantage in the market.|

For instance, in 2018, Toray Group announced the acquisition of TenCate Advanced Composites to bolster its thermoplastic composites capabilities. It has helped the company to strengthen its position in the structural composites market. In 2015, Solvay acquired Cytec Industries Incorporated which has helped the company to expand its business portfolio. In 2018, Solvay’s composite materials and Argosy International Inc. which has helped Solvay to boost its foothold in Asia Pacific region.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The registered value for structural composites market was USD 30 billion in 2019.

structural composites market size is expected to grow at a crcr of 7.5% over the forecast period.

According to the report published by Global Market Insights Inc., the structural composites business is supposed to attain $35 billion by 2026.

Development in global wind energy sector, rising demand for commercial aircrafts, increasing product consumption in automotive industry, and increased spending on construction and infrastructure are major key factors expected to drive the growth of global market.

Hexcel Corporation, Hexion Inc., Teijin Limited, Solvay, Mitsubishi Chemical Holdings Corporation, Toray Group, Huntsman Corporation, Owens Corning, SGL Group, Janicki Industries, NORPLEX-MICARTA are some of the top contributors in the industry.

The glass fiber segment held the majority of market share of more than 60% in 2019 and is anticipated to record a remarkable growth rate throughout the forecast period.