The key drivers of closed molding composites in the aerospace & defense industry are the rise in number of airplane deliveries, high performance properties such as lightweight, excellent safety & acoustic features, and government regulations. Advanced closed molding composites offer higher fatigue tolerance, which helps in improving or increasing the structure of components.
Download Brochure of Closed Molding Composites Market spread across 161 Pages, Profiling 10 companies and supported with 80 Tables and 51 Figures is now available at www.rnrmarketresearch.com/contacts…mple?rname=687188 .
Closed Molding Composites Market is projected to reach USD 66.58 billion by 2021, at a CAGR of 7.45% between 2016 and 2021. The major driver stimulating the closed molding composites market is high demand from the aerospace & defense industry, as they have the ability to reduce weight and increase fuel efficiency.
Key Target Audience
- Closed molding composite manufacturers
- Raw material suppliers
- Distributors & suppliers
- Industry associations
Asia-Pacific is expected to be the fastest-growing market for closed molding composites in the next five years.
The market in this region is driven by increasing consumption of closed molding composite in various industries such as wind energy, construction, electrical & electronics, and transportation. China leads the market in Asia-Pacific.
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Closed Molding Composites Market study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (40%); Tier 2 (33%) and other (27%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (4%), Director Level (15%), and Others (45%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (15%), Europe (55%), Asia-Pacific (30%).
1 Significant Growth Opportunities for Closed Molding Composites Market
2 Closed Molding Composites Market, By Manufacturing Process
3 Aerospace & Defense Application Accounted for the Largest Share of Closed Molding Composites Market in 2015
4 Closed Molding Composites Market, By Country
5 Closed Molding Composites Market, By Process Type
6 Glass Fiber Composites to Outpace Other Fibers in Closed Molding Composites Market
The Closed Molding Composites Market report also includes company profiles and competitive strategies adopted by the major market players such as A. Schulman (U.S),Strongwell Corporation (U.S.),Royal TenCate N.V.
(Netherlands),Menzolit GmbH (Germany),GKN Aerospace (U.K.),Continental Structural Plastics Inc. (U.S.),Core Molding Technologies (U.S.),Excel Composites Inc.
(Finland),Polynt S.p.A (Italy).
The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
To comply with regulatory norms, aerospace manufacturers such as Boeing (U.S.), Airbus (France), GE Aviation (U.S.), and others have started using these composites to manufacture primary & secondary structures and interior components of aircraft. Thus, aerospace& defense application is likely to be the most profitable investment pocket for stakeholders.
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