𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁𝗮𝘁𝗶𝗼𝗻 𝗖𝗼𝗺𝗽𝗼𝘀𝗶𝘁𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟮-𝟮𝟬𝟯𝟮. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁
The global transportation composites market is expected to exceed USD 64,621.67 million by 2030 from USD 32,671.67 million in 2019, growing at a CAGR of 12.83% from 2022-2032. Transportation composites are widely used in aerospace & defense, marine, and automotive sectors due to their high scratch endurance, wear endurance, extreme modulus, excellent energy, improved stiffness, low density, excellent chemical resistance, and low creep. These properties make them suitable for automotive components, aircraft structures, and interior car plates. However, the Covid-19 pandemic has led to the closure of operations in aircraft, automobile, and yacht production, reducing the demand for transportation composites. Despite this, the market is projected to grow due to rising demand from the automotive & transportation sectors, increased use in commercial aircraft, and the accelerating demand for lightweight and fuel-efficient vehicles. The growing demand for eco-friendly EVs also presents a significant market opportunity.
𝗧𝗼 𝗞𝗻𝗼𝘄 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗰𝗼𝗽𝗲 𝗮𝗻𝗱 𝗗𝗲𝗺𝗮𝗻𝗱 𝗼𝗳 𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁𝗮𝘁𝗶𝗼𝗻 𝗖𝗼𝗺𝗽𝗼𝘀𝗶𝘁𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁. 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙: https://lnkd.in/gqF6rfun
*𝗕𝘆 𝗥𝗲𝘀𝗶𝗻 𝗧𝘆𝗽𝗲: Thermoplastic, Thermoset
*𝗕𝘆 𝗙𝗶𝗯𝗲𝗿 𝗧𝘆𝗽𝗲: Glass Fiber, Carbon Fiber, Others
*𝗕𝘆 𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁𝗮𝘁𝗶𝗼𝗻 𝗧𝘆𝗽𝗲: Airways, Roadways, Railways, Waterways
*𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Interior, Exterior, Others
*𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
*𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Hexcel Corporation, SGL Group Srl, Solvay, Jushi Group , Owens Corning, Mitsubishi Chemical Group, Toray Industries, Inc., Teijin Limited., Huntsman International (India) Private Limited, Nippon Electric Glass / NEG
#transportationcomposites #composites #lightweighting #transportation #infrastructure #sustainability #automotive #aerospace #rail #marine #materialscience #engineering #innovation #durability #performance #efficiency #futureofmobility #greentransportation #manufacturing #design #researchanddevelopment #testing #recycling #circulareconomy #supplychain
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