Closed Molding Composites Market
Closed Molding Composites Market Study by Glass Fiber, Carbon Fiber, Natural Fiber, and Aramid Fiber for Transportation, Aerospace & Defense, Wind Energy, and Others from 2023 to 2033
Analysis of Closed Molding Composites Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Closed Molding Composites Market Outlook (2023 to 2033)
The global closed molding composites market size has reached US$ 66.2 billion in 2023 and is expected to climb to US$ 117.9 billion by 2033. Global demand for closed molding composites is predicted to increase at a CAGR of 6% during the next 10 years by Fact.MR.
A form of technology called closed molding enables the production of superior polymer composite parts in a shorter period, with fewer scraps, and with lower volatile gas emissions. Open molding techniques are being replaced by closed molding techniques since the former carry poor qualities and environmental problems.
Closed molding techniques allow producers to produce items more quickly and consistently than open molding techniques. The necessity for post-work is decreased because the completed pieces have better surface aesthetics.
- According to Fact.MR, a market research and competitive intelligence provider, glass fiber composites account for 60% share of the global closed molding composites market in 2023.
Resin transfer molding (RTM) and vacuum infusion process (VIP), two manufacturing techniques used in the production of closed molding composites, are environmentally benign and contribute to a reduction in the atmospheric emissions of volatile organic compounds, such as styrene vapours.
Closed molding has several advantages, including improved qualities and higher output, this increases the usage of closed molding composite techniques in various end-use industries, including marine, aerospace, automotive, building, and transportation.
Several factors are likely to support global closed molding composites market growth, such as increasing urbanization across the world, growing popularity of industrial applications, rising number of multinational corporations, enhancement of output through innovative engineering approaches, minimization of energy consumption, and reduction of emission levels.
Fiber-reinforced polymer composites include glass fiber composites. Glass fiber composites are used extensively in the construction, automotive, and aerospace industries and have desirable characteristics including low density, high strength, and ease of processing.
Hybrid glass fiber composites are created by fusing glass fiber with other fibers in a single polymer matrix. In the realm of closed molding composites, hybridization in glass fiber composites sparks fresh concepts.
Glass fiber-reinforced plastic (GFRP) composites are increasingly in demand due to the development of new, high-quality materials. In both established and developing countries, rapid urbanization, and infrastructure development are driving sales of closed molding composites.
| Report Attribute | Detail |
|---|---|
| Closed Molding Composites Market Size (2023E) | US$ 66.2 Billion |
| Forecasted Market Value (2033F) | US$ 117.9 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.1% CAGR |
| United States Market Growth Rate (2023 to 2033) | 5.8% CAGR |
| United Kingdom Market Growth Rate (2023 to 2033) | 7.2% CAGR |
| Japan Market Growth Rate (2023 to 2033) | 5.1% CAGR |
| China Market Growth Rate (2023 to 2033) | 6.7% CAGR |
| South Korea Market Growth Rate (2023 to 2033) | 4% CAGR |
| Key Companies Profiled | A. Schulman, Inc.; Royal Tencate N.V.; Polynt S.P.A; Exel Composites; Core Molding Technologies, Inc.; Strongwell Corporation; Menzolit GmbH; Continental Structural Plastics, Inc.; Saertex; GKN Aerospace; Huntsman Corporation; Gurit Holding AG; Scott Bader Co. Ltd.; Teijin Ltd.; Chomarat; Molded Plastic Industries Inc.; KraussMaffei Group; New Boston RTM; Seemann Composites Inc. |
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What’s Driving the Sales of Closed Molding Composites Across the World?
Usage of closed molding composites in various applications is influenced by several variables, including the expanding need for lightweight components in the transportation industry, the move towards renewable energy sources, and increased material recycling.
“Aerospace & Defense Industries Taking Flight with Closed Molding Composites”
Compared to other composites, closed molding composites have various advantages including higher rigidity, electrical conductivity, temperature performance, higher tensile strength, higher chemical resistance, and lighter weight. They are highly utilized in aerospace and defense applications because of these qualities.
In comparison to a majority of woods and metals, composites are lightweight. In the military and aerospace industries, advanced composite materials have a long history. In thermal, chemical, mechanical, and ballistic applications in military aviation, there is a high use of composite materials. These applications specifically make use of fiber-reinforced plastic composites.
“Superior Surface Polish & Non-corrosive Qualities Driving Demand for Closed-molded Composites in Several End-use Industries”
Applications such as construction, transportation, and electrical & electronics are seeing an increase in the demand for closed molding composites produced by the compression molding method since these industries need the superior surface polish and non-corrosive qualities that these composites offer.
Composites are effective insulators because they do not readily conduct heat or cold. When further protection from severe weather is required, they are employed in the building sector in panels, doors, and windows.
“Closed Molding Composites Catch Wind - Driving Growth in Renewable Energy Industry”
Renewable energy is becoming widely popular. The closed molding composite sale is expected to be driven by the wind energy industry globally during the forecast period. This is because there is a growing demand for long, lightweight wind turbine blades, which opens up opportunities for carbon fiber composites.
“Carbon Fiber Taking Driver's Seat in 3D-Printed Car Parts”
High adoption of more environmentally friendly building materials is a result of the widespread implementation of strict environmental regulations in countries that are both developed and developing. The benefits of carbon fibers and the related composites are their lower weights and improved fuel efficiency. As a result, the market for luxury and sports cars is driving up demand for activated carbon fibers.
For the production of 3D-printed car parts, carbon fiber is widely used in the automotive sector. The filament is more rigid and robust due to carbon fiber, which is incredibly powerful. As a result, the 3D-printed items are expected to be significantly lighter and more dimensionally stable as the fiber will assist in preventing the part from shrinking as it cools.
Which Challenges are Encountered by Closed Molding Composite Producers?
“High Initial Investments & Raw Materials Costs”
The closed molding process requires specialized equipment and tools, which can be costly to acquire and maintain. This can be a significant barrier to entry for smaller manufacturers who may not have the financial resources to invest in the required equipment.
Closed molding requires specialized raw materials, such as pre-impregnated fibers or resin transfer materials, which may not be readily available in all regions. In the automotive business, only luxury cars use carbon fiber composites (which are very costly), including carbon fiber tapes. Thus, the high cost of raw materials needed for processing and production is also hampering the closed molding composites market growth.
“Few Quality Control Challenges”
Closed molding processes require more precise control over the manufacturing environment, including temperature, humidity, and pressure. This can be difficult to achieve consistently, which may lead to variations in product quality, further hampering sales of closed molding composites.
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Which Strategies Would Aid New Manufacturers of Closed Molding Composites Gain a Strong Market Position?
“Develop Deep Understanding of Closed Molding Processes”
Invest in learning about the technical and operational aspects of closed molding composites, including the equipment, materials, and manufacturing processes. This will help to develop high-quality products and optimize production processes.
“Focus on Innovation in Composites and Build Strong Network”
Innovation is a critical factor in the composites market. Develop new products and solutions that meet the needs of end users and differentiate your brand from competitors. This can include developing new materials or finding ways to reduce production costs.
Develop relationships with suppliers, customers, and industry experts to gain insights and access to new opportunities. Attend trade shows and conferences to network and stay up-to-date on industry trends.
“Invest in Quality Control”
Closed molding processes require precise control over manufacturing variables to ensure high-quality products. Invest in quality control processes and tools to monitor and optimize production processes, including testing and inspection processes.
By following these strategies, start-up companies may establish a strong position in the closed molding composites industry and grow their business over time.
- Fairmat, a company established in 2020, recycles carbon fiber composite for use in composite material applications.
- Arris is a leader in manufacturing technology with its headquarters in Berkeley, California was founded in 2017 by industry veterans Ethan Escowitz, Riley Reese, and Erick Davidson. For mass-market applications such as aerospace, automotive, and consumer goods, Arris Composites is the industry leader in next-generation composites.
- An ETH Zurich start-up project called Antefil Composite Tech is revolutionizing the production of composites by fusing reinforcing filaments with thermoplastic matrix materials. They are primarily concerned with redefining the cycle time and laminate quality constraints seen in the large-scale production of composites and they offer recyclable material preforms for procedures currently restricted to thermosets.
Country-wise Analysis
Which Aspects are Boosting the Sales of Closed Molding Composites in the United States?
“Advancements in Aerospace & Defense Manufacturing Units Due to Introduction of Lightweight, Durable Composites”
Increasing at a CAGR of 5.8%, demand for closed molding composites is expected to reach US$ 28.67 billion by 2033 in the U.S. Significant infrastructural & economic development is boosting the United States market for closed molding composites.
The domestic production, import & export patterns, as well as change in end users buying preferences, is assisting market players in the United States in identifying and seizing potential opportunities.
Due to high investments in defense sector by the government, substantial investments in closed molding composite R&D activities, and an abundance of closed moulding composite suppliers are boosting the closed molding composite sales growth in the country.
Why is Demand for Closed Molding Composites Increasing Rapidly in China?
“From Bridges to Smartphones, Diverse Applications of Closed Molding Composites”
- Sales of closed molding composites are expected to increase at a CAGR of 6.7% from 2023 to 2033 in China.
Demand for PAN-based carbon fiber composites in China is expected to be driven by growing construction projects during the projected period. Due to growing urbanization and high investment by the Chinese government in infrastructural projects, construction closed molding composites are being used more widely in tunnels, bridges, and structures.
The top producer of electronics worldwide is China. The market for consumer electronics in this country is growing at a rapid pace. Thus, due to these factors, demand for closed molding composites is predicted to reach US$ 29.26 billion by 2033 in the country.
How is Demand for Automotive Composites Progressing in the United Kingdom?
“Leading Green Way - Lightweight & Lower VOC Emission through Composite Use”
- Demand for closed molding composites is predicted to expand at a CAGR of 7.2% from 2023 to 2033 in the United Kingdom.
Through creative engineering solutions, the closed molding process increases productivity, minimizes energy use, and lowers volatile organic compound (VOC) emission levels. The consumption of composites is experiencing a substantial rise in the automotive sector of the United Kingdom.
The United Kingdom's automotive sector is one of the major industries operating in the European region. Demand for automotive composites in automobile manufacturing is increasing due to their lightweight feature as they aid in reducing vehicle weight and carbon emissions.
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Category-wise Analysis
Why is Demand for Closed Molding Composites High in Aerospace & Defense Production Facilities?
“Lightweight & Strong - Advantages of Composite Materials in Aerospace & Defense Product Manufacturing”
In a rigid resin matrix, stiff fibers are used to create composite materials. Composites are materials that have a low density, high stiffness, strength, and toughness. They are constructed by blending natural and synthetic materials with complementary features.
Since there is a greater need for lightweight aircraft parts to increase fuel efficiency, closed molding composites are replacing other materials such as metals in the aerospace and defense industries.
- Compared to wood and metals, composite materials are lightweight. The new Boeing 787 Dreamliner is one example of a modern aircraft that uses more composite materials than metals in construction.
In comparison to conventional materials, carbon fiber composites have a high strength-to-weight ratio. Demand for closed molding composites in aerospace and defense manufacturing facilities is expected to expand at a CAGR of 6.3% during the forecast period.
Competitive Landscape
Strategic alliances and collaborations are viewed as an effective strategy by leading manufacturers of closed molding composites for boosting their market share. Furthermore, businesses are teaming up to conduct R&D projects to increase their chances of succeeding in the market.
- The National Institute for Aviation Research (NIAR) at Wichita State University and Solvay collaborated to launch a manufacturing innovation centre in August 2022. This innovation hub serves as a testing ground to investigate the benefits of novel composite material structures and production techniques that may result in the creation of lighter, safer, and more environmentally friendly aircraft.
Key Segments of Closed Molding Composites Industry Research
-
By Fiber :
- Glass Fiber
- Carbon Fiber
- Natural Fiber
- Aramid Fiber
-
By Process :
- Vacuum Infusion & Bagging
- Compression Molding
- Injection Molding
- Resin Transfer Molding
-
By Application :
- Transportation
- Aerospace & Defense
- Wind Energy
- Electrical & Electronics
- Construction
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fiber
- 6.1. Glass Fiber Composites
- 6.2. Carbon Fiber Composites
- 6.3. Natural Fiber Composites
- 6.4. Aramid Fiber Composites
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Process
- 7.1. Vacuum Infusion & Bagging
- 7.2. Compression Molding
- 7.3. Injection Molding
- 7.4. Resin Transfer Molding
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 8.1. Transportation
- 8.2. Aerospace & Defense
- 8.3. Wind Energy
- 8.4. Electrical & Electronics
- 8.5. Construction
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. South Asia & Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. A. Schulman, Inc.
- 17.2. Royal Tencate N.V.
- 17.3. Polynt S.P.A, Exel Composites
- 17.4. Core Molding Technologies, Inc.
- 17.5. Strongwell Corporation
- 17.6. Menzolit GmbH
- 17.7. Continental Structural Plastics, Inc.
- 17.8. Saertex, GKN Aerospace
- 17.9. Huntsman Corporation
- 17.10. Gurit Holding AG, Scott Bader Co. Ltd.
- 17.11. Teijin Ltd., Chomarat
- 17.12. Molded Plastic Industries Inc.
- 17.13. KraussMaffei Group
- 17.14. New Boston RTM
- 17.15. Seemann Composites Inc.
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Fiber, 2018 to 2022
Table 02: Global Market Value (US$ Mn) Analysis, by Fiber, 2023 to 2033
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Fiber, 2023 to 2033
Table 04: Global Market Value (US$ Mn) Analysis, by Process, 2018 to 2022
Table 05: Global Market Value (US$ Mn) Analysis, by Process, 2023 to 2033
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Process, 2023 to 2033
Table 07: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 08: Global Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2022
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2023 to 2033
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2023 to 2033
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 16: North America Market Value (US$ Mn) Analysis, by Fiber, 2018 to 2022
Table 17: North America Market Value (US$ Mn) Analysis, by Fiber, 2023 to 2033
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Fiber, 2023 to 2033
Table 19: North America Market Value (US$ Mn) Analysis, by Process, 2018 to 2022
Table 20: North America Market Value (US$ Mn) Analysis, by Process, 2023 to 2033
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Process, 2023 to 2033
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 28: Latin America Market Value (US$ Mn) Analysis, by Fiber, 2018 to 2022
Table 29: Latin America Market Value (US$ Mn) Analysis, by Fiber, 2023 to 2033
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Fiber, 2023 to 2033
Table 31: Latin America Market Value (US$ Mn) Analysis, by Process, 2018 to 2022
Table 32: Latin America Market Value (US$ Mn) Analysis, by Process, 2023 to 2033
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Process, 2023 to 2033
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 40: Europe Market Value (US$ Mn) Analysis, by Fiber, 2018 to 2022
Table 41: Europe Market Value (US$ Mn) Analysis, by Fiber, 2023 to 2033
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Fiber, 2023 to 2033
Table 43: Europe Market Value (US$ Mn) Analysis, by Process, 2018 to 2022
Table 44: Europe Market Value (US$ Mn) Analysis, by Process, 2023 to 2033
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Process, 2023 to 2033
Table 46: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 47: Europe Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 52: East Asia Market Value (US$ Mn) Analysis, by Fiber, 2018 to 2022
Table 53: East Asia Market Value (US$ Mn) Analysis, by Fiber, 2023 to 2033
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Fiber, 2023 to 2033
Table 55: East Asia Market Value (US$ Mn) Analysis, by Process, 2018 to 2022
Table 56: East Asia Market Value (US$ Mn) Analysis, by Process, 2023 to 2033
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Process, 2023 to 2033
Table 58: East Asia Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 59: East Asia Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Fiber, 2018 to 2022
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Fiber, 2023 to 2033
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Fiber, 2023 to 2033
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Process, 2018 to 2022
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Process, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Process, 2023 to 2033
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 76: MEA Market Value (US$ Mn) Analysis, by Fiber, 2018 to 2022
Table 77: MEA Market Value (US$ Mn) Analysis, by Fiber, 2023 to 2033
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Fiber, 2023 to 2033
Table 79: MEA Market Value (US$ Mn) Analysis, by Process, 2018 to 2022
Table 80: MEA Market Value (US$ Mn) Analysis, by Process, 2023 to 2033
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Process, 2023 to 2033
Table 82: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 83: MEA Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 04: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 05: Global Market Share and BPS Analysis by Fiber, 2023 & 2033
Figure 06: Global Market Y-o-Y Growth Projections by Fiber, 2023 to 2033
Figure 07: Global Market Attractiveness Analysis by Fiber, 2023 to 2033
Figure 08: Global Market Share and BPS Analysis by Process, 2023 & 2033
Figure 09: Global Market Y-o-Y Growth Projections by Process, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Process, 2023 to 2033
Figure 11: Global Market Share and BPS Analysis by Application, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share and BPS Analysis by Region, 2023 & 2033
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 20: North America Market Incremental $ Opportunity, 2023 to 2033
Figure 21: North America Market Share Analysis by Country, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 24: North America Market Share and BPS Analysis by Fiber, 2023 & 2033
Figure 25: North America Market Y-o-Y Growth Projections by Fiber, 2023 to 2033
Figure 26: North America Market Attractiveness Analysis by Fiber, 2023 to 2033
Figure 27: North America Market Share and BPS Analysis by Process, 2023 & 2033
Figure 28: North America Market Y-o-Y Growth Projections by Process, 2023 to 2033
Figure 29: North America Market Attractiveness Analysis by Process, 2023 to 2033
Figure 30: North America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 32: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 36: Latin America Market Incremental $ Opportunity, 2023 to 2033
Figure 37: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 39: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40: Latin America Market Share and BPS Analysis by Fiber, 2023 & 2033
Figure 41: Latin America Market Y-o-Y Growth Projections by Fiber, 2023 to 2033
Figure 42: Latin America Market Attractiveness Analysis by Fiber, 2023 to 2033
Figure 43: Latin America Market Share and BPS Analysis by Process, 2023 & 2033
Figure 44: Latin America Market Y-o-Y Growth Projections by Process, 2023 to 2033
Figure 45: Latin America Market Attractiveness Analysis by Process, 2023 to 2033
Figure 46: Latin America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 48: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 52: Europe Market Incremental $ Opportunity, 2023 to 2033
Figure 53: Europe Market Share Analysis by Country, 2023 & 2033
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 55: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 56: Europe Market Share and BPS Analysis by Fiber, 2023 & 2033
Figure 57: Europe Market Y-o-Y Growth Projections by Fiber, 2023 to 2033
Figure 58: Europe Market Attractiveness Analysis by Fiber, 2023 to 2033
Figure 59: Europe Market Share and BPS Analysis by Process, 2023 & 2033
Figure 60: Europe Market Y-o-Y Growth Projections by Process, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis by Process, 2023 to 2033
Figure 62: Europe Market Share and BPS Analysis by Application, 2023 & 2033
Figure 63: Europe Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 64: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 68: East Asia Market Incremental $ Opportunity, 2023 to 2033
Figure 69: East Asia Market Share Analysis by Country, 2023 & 2033
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 71: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 72: East Asia Market Share and BPS Analysis by Fiber, 2023 & 2033
Figure 73: East Asia Market Y-o-Y Growth Projections by Fiber, 2023 to 2033
Figure 74: East Asia Market Attractiveness Analysis by Fiber, 2023 to 2033
Figure 75: East Asia Market Share and BPS Analysis by Process, 2023 & 2033
Figure 76: East Asia Market Y-o-Y Growth Projections by Process, 2023 to 2033
Figure 77: East Asia Market Attractiveness Analysis by Process, 2023 to 2033
Figure 78: East Asia Market Share and BPS Analysis by Application, 2023 & 2033
Figure 79: East Asia Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 80: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2023 to 2033
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2023 & 2033
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Fiber, 2023 & 2033
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Fiber, 2023 to 2033
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Fiber, 2023 to 2033
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Process, 2023 & 2033
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Process, 2023 to 2033
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Process, 2023 to 2033
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Application, 2023 & 2033
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 100: MEA Market Incremental $ Opportunity, 2023 to 2033
Figure 101: MEA Market Share Analysis by Country, 2023 & 2033
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 103: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 104: MEA Market Share and BPS Analysis by Fiber, 2023 & 2033
Figure 105: MEA Market Y-o-Y Growth Projections by Fiber, 2023 to 2033
Figure 106: MEA Market Attractiveness Analysis by Fiber, 2023 to 2033
Figure 107: MEA Market Share and BPS Analysis by Process, 2023 & 2033
Figure 108: MEA Market Y-o-Y Growth Projections by Process, 2023 to 2033
Figure 109: MEA Market Attractiveness Analysis by Process, 2023 to 2033
Figure 110: MEA Market Share and BPS Analysis by Application, 2023 & 2033
Figure 111: MEA Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 112: MEA Market Attractiveness Analysis by Application, 2023 to 2033
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- FAQs -
What is the value of the closed molding composites market in 2023?
The global closed molding composites market is valued at US$ 66.2 billion in 2023.
What is the projected market value for closed molding composites by 2033?
The market for closed molding composites is expected to reach US$ 117.9 billion by 2033.
What is the estimated growth rate of the global market?
Sales of closed molding composites are predicted to increase at a CAGR of 6.1% from 2023 to 2033.
Which type of fiber is widely used?
Sales of glass fiber are progressing at a healthy pace due to their low density, high strength, and easy processing qualities.
Which is the most profitable market in the European region?
The United Kingdom currently holds a dominating position in the European market for closed molding composites and is predicted to evolve rapidly at 7.2% CAGR.
Closed Molding Composites Market