TechNavio today launched its report, Global Composite Market 2012-2016, based on an in-depth analysis covering the North America, and the APAC and European regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The Global Composite market is witnessing huge demand for application-specific composites. Many vendors are offering composites that are suitable for specific applications and customer requirements. This approach helps vendors to differentiate their products and gain a competitive edge. For instance, some vendors offer composites that can be used only to manufacture sports goods such as tennis rackets and other sport equipment. Therefore, this enables sports goods manufacturers to improve product quality in a cost-effective manner. Increasing demand for application-specific composites is expected to enhance the potential of the market during the forecast period.”
According to the report, composites are widely used in various manufacturing industries for cost-effective processes and applications. Composites provide better process properties and attributes than steel, aluminum, and plastic, which are commonly used by manufacturing industries. Composites are corrosion resistant and facilitate the manufacture of complex product designs that consist of multiple parts. Also, many manufacturing industries prefer composite materials because they are lightweight and offer long durability and strength. For instance, the Automotive industry uses natural fiber composites and CFRP composites for complex interiors to reduce overall weight.
Further, the report reveals that one of the major challenges faced by the market is the increasing the price war among competitors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-composite-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Composite Market 2012-2016
