According to Stratview Research, the composite process materials market was estimated at USD .78 billion in 2020 and is likely to grow at a CAGR of 7.3% during 2021-2026 to reach USD 1.15 billion in 2026.
The composite process materials market is a highly competitive and rapidly evolving industry. With the increasing demand for lightweight, high-performance materials in various industries such as aerospace, automotive, and wind energy, the market has witnessed a surge in growth and development. In this market, there are several key players who are leading the way in innovation and product development.
The supply chain of this market comprises raw material suppliers, composite process material manufacturers, intermediate product manufacturers, molders, and end-users/OEMs.
The key composite process materials manufacturers are-
- Airtech Advanced Materials Group
- Diatex S.A
- Gascogne Group
- Lintec Corporation,
- Loparex LLC
- Mondi Plc
- Precision Fabrics Group
- Sappi Limited
- Solvay SA
- The 3M Company
- Wausau Paper (Part of Essity).
One of the key players in the composite process materials market is Hexcel Corporation. Hexcel is a leading producer of carbon fibers, fabrics, and resins for use in advanced composites applications. The company has a strong focus on research and development, and is constantly working to improve its products and processes.
Another major player in the composite process materials market is Toray Industries, Inc. Toray is a multinational corporation that produces a wide range of materials, including carbon fibers and advanced composites. The company has a strong presence in the aerospace industry, and its products are used in a variety of applications, from aircraft components to sporting goods.
Solvay is another key player in the composite process materials market. The company produces a range of materials, including carbon fibers, resins, and prepregs. Solvay has a strong focus on sustainability and is committed to developing products that are environmentally friendly and have a low carbon footprint.
Overall, the composite process materials market is a dynamic and competitive industry, with a range of key players leading the way in product development and innovation. With the increasing demand for lightweight, high-performance materials, this market is expected to continue to grow and evolve in the coming years.
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