According to a new market research report published by sheer analytics and insights, “The Global Transportation Composites Marketwas $33.10 Bn in 2020, and it is expected to reach $95.30 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 11.2% between 2020-2030, as per the latest market research report titled Global Transportation Composites Market (By Fiber – Glass, Carbon, and Natural Fibers. By Resin – Thermoset, Thermoplastic. By Manufacturing Process – Injection Molding Process, Compression Molding Process, resin Transfer Molding Process. By Application – Interior, Exterior. By Transportation Type – Airways, Railways, Waterways, Roadways. By Geography – North America, Europe, Asia Pacific, Latin America, Middle East and Africa.) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 – 2030.
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Transportation composites are very much used in the aerospace and defense, automotive, marine along with other industries. These composites provide high properties like the high abrasion resistance, high modulus, great strength, wear resistance, low density, superb chemical resistance, enhanced stiffness and also low creep. These will make them to be suitable to use in the automotive components, aircraft structures, interior car panels and many others. But due to the COVID-19 pandemic this ahs actually forced the automobile, yacht and the aircraft manufacturers to shut down their operations. This in turn is expected to reduce the demand of the transportation composites in 2020. Apart from this the resin transfer molding is expected to lead the market. Due to the increased numbers of automotive and aerospace industries in the emerging economies it is seen that the growth prospectus of resin transfer molding process is good. It is perhaps the most promising technology at present and have the capability to yield large complex three-dimensional components with mechanical performance, high surface finish and tight dimensional tolerance.
The Primary Key Players in Global Transportation Composites Market include Teijin Ltd., Toray Industries, Inc., Owens Corning, PPG Industries, Inc., Hunstman Corporation LLC, SGL Group, Hexcel Corporation, DuPont, Compagnie de Saint-Gobain S.A., Weyerhaeuser Company, Momentive Performance Materials, Inc., Cytec Industries (Solvay. S.A.), Jushi Grroup Co., Ltd.
The Global Transportation Composites Market Has Been Segmented Into:
Global Transportation Composites Market, By Fiber
- Natural Fiber
Global Transportation Composites Market, By Resin
- Vinyl ester
- Polyphenylene Sulphide (PPS)
- Polyamide (PA)
- Polypropylene (PP)
Global Transportation Composites Market, By Manufacturing Process
- Injection Molding Process
- Compression Molding Process
- Resin Transfer Molding Process (RTM)
Global Transportation Composites Market, By Application
Global Transportation Composites Market, By Transportation Type
- Metros And Monorails
- Passenger Rails
- High Speed And Bullet Trains
- Cruise Ship
- Recreational Vehicles
- Bus, truck, other heavy vehicles
- North America (U.S. and Rest of North America)
- Europe (U.K., Germany, France, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Rest of World (Middle East & Africa (MEA), Latin America)
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/transportation-composite-market-21
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