Market Research Reports

The global composites market is dominated by companies such as Owens Corning, Hexcel Corporation, Toray Industries, and TPI Composites Inc. While these and other multinational players exert significant dominance in the global composites market, the composites industry is likely to feature a large number of smaller players in the coming years due to the diversity of areas in which composite industry players can specialize in. The novel nature of the composites sector has also aided its growth, as the commercial potential of each aspect of the market remains high. Thus, smaller regional players are likely to have a say in the proceedings in the global composites market in the coming years. According to Transparency Market Research (TMR), the global composites market was valued at US$47.3 bn in 2016 and is likely to rise to close to US$102 bn by 2025 at a robust CAGR of 8.9% between 2017 and 2025. Product innovation is likely to remain the most important competitive strategy in ...