IMARC Group, a leading market research company, has recently releases report titledComposites Distributor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The study provides a detailed analysis of the industry, including the global composites distributor market trends, size, share, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the composites distributor market?
The global composites distributor market size reached US$ 5.71 Billion in2022. Looking forward, IMARC Group expects the market to reach US$ 7.86 Billion by2028, exhibiting a growth rate (CAGR) of 5.3% during2023-2028.
What is a Composites Distributor?
A composites distributor is a specialized entity in the materials industry that serves as a pivotal link between manufacturers of composite materials and end-users. These distributors play a critical role in the supply chain by sourcing, stocking, and delivering composite products to a wide range of industries. Characterized by their comprehensive inventory, composites distributors offer a diverse selection of composite materials, reinforcing fabrics, resins, and associated supplies, meeting the specific needs of customers in sectors such as aerospace, automotive, construction, and marine. Key features of composites distributors include their expertise in product knowledge and technical support, ensuring customers receive guidance on material selection and application. Additionally, these distributors often provide value-added services like custom cutting and kitting, streamlining the procurement process and enhancing customer convenience.
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What are the growth prospects and trends in the composites distributor industry?
The innovations in composite materials and manufacturing techniques represent one of the key factors driving the growth of the market. Moreover, the growth in industries such as aerospace, automotive, wind energy, and construction that rely on composite materials, is fueling the market growth. In line with this, industries seek lightweight and high-strength materials, making composites an attractive choice. In addition to this, collaborations between composites distributors and manufacturers are strengthening customer support and market growth. Besides this, the rise in construction projects is catalyzing the demand for composites in infrastructure development which, in turn, is boosting the market growth. Apart from this, e-commerce platforms simplify the accessibility and distribution of composite materials, thereby fostering the market growth. Furthermore, stringent environmental regulations encourage the use of eco-friendly composites, is creating a positive outlook for the market. Other factors such as globalization, customization, and RD investments are bolstering the growth of the market across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Fiber Type:
- Glass Fiber Composites
- Carbon Fiber Composites
- Natural Fiber Composites
- Others
Breakup by Resin Type:
- Thermoset Composites
- Thermoplastic Composites
- Others
Breakup by Application:
- Aerospace and Defense
- Wind Energy
- Automotive Transportation
- Construction and Infrastructure
- Marine
- Pipes and Tanks
- Electrical and Electronics
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Composites One LLC (Synergy55 Inc.)
- Euroresins International GmbH
- FRP Services Company
- Gazechim
- North American Composites (IP Corporation)
- Oy Kokko-Fiber Ab (IMCD N.V.)
- Toray International Inc.
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