The particulate reinforced composites market is estimated to witness a moderate growth during the forecast period, 2018-2023. Asia Pacific is expected to be the largest market for particulate reinforced composites during the forecast period owing to the growth of construction and automotive sectors in the region.
Increasing Demand from the Automotive Sector Driving the Market
Particulate reinforced composites are used in various parts of an automotive vehicle, including, body panels, dashboards, and bumpers. Brakes in an automotive vehicles are made up of particulate reinforced composites comprising of carbon or ceramic composites. The rapid increase in demand for automotive vehicles has boosted the global automotive production. Asia-Pacific and Europe have been the prime regions supporting the growth of automotive production, with year-on-year growth rates of 2.89% and 3.14%, respectively, for 2016-17. This in turn created a demand for particulate reinforced composites from the automotive sector owing to its vast requirements. Additionally, the increasing preference of electronic vehicles and light weight vehicles is likely to augment the automotive production levels. Hence, such factors are expected to boost the demand for particulate reinforced composites from the automotive sector during the forecast period.
Construction Sector to Witness Fast Growth
The demand for particulate reinforced composites is expected to witness a rapid growth in demand from the building and construction sector owing to its requirement in manufacturing of concrete. The rapidly increasing construction and repair activities in developing economies, such as China, India, and ASEAN countries has boosted the demand for particulate reinforced composites from the construction sector. Additionally, there has been an increase in the expansion of newly constructed projects in China. Therefore, due to such factors the demand for particulate reinforced composites is expected to grow rapidly from the construction sector during the forecast period.
Asia-Pacific dominates the global market
Asia-Pacific is expected to dominate the global particulate reinforced composites market with a major share in the coming years. With the increase in infrastructure investments and construction projects, the demand for particulate reinforced composites is expected to rise owing to its requirement in concrete. In December 2017, China’s leading construction firm CCTEB announced partnership with realty company Tulip Infratech to develop infrastructure and real estate projects in India. Both the companies will jointly bid and develop projects in the country and target an order book of about INR 20,000 crore in the next 2-3 years. In 2017, the automotive production in China increased by 3.19%. Additionally, the increasing demand for light weight and electric vehicles is expected to boost the automotive production globally, which in turn is likely to drive the demand for particulate reinforced composites during the forecast period.
Key Developments in the Market
- June 2018: abc.
Major Players - BASF SE, DowDuPont, INEOS Group, LyondellBasell, and SABIC amongst others.
Reasons to Purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Which end-user industry is expected to witness the highest demand for particulate reinforced composites
- Which region is expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares and strategies employed by the major market players
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1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products & Services
3.2.5 Intensity of Competitive Rivalry
4. Market Dynamics
4.1.1 Rapdily Increasing Automotive Production
4.1.2 Increasing Expenditure on Consumer Goods
4.1.3 Other Drivers
4.3.1 Increasing Investments in Electronics Sector
4.3.2 Other Opportunities
5. Market Segmentation and Analysis
5.1 By Particulate Size
5.1.1 Dispersion Strengthened Composites
5.1.2 Large Particle Composites
5.2 By End-user Industry
5.2.3 Electrical and Electronics
5.2.4 Consumer Goods
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Australia and New Zealand
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 Albany International Corp
9.2 Altair Engineering, Inc.
*List Not Exhaustive
10.1 Advanced Abrasives Corporation
10.2 ASTM International
*List Not Exhaustive
**Subject to Feasibility & Availability on Public Domain