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Follow on Google News | The World Market for Composites will reach $74.58bn in 2015, predicts a new visiongain reportBy: Visiongain 
vg LONDON, UK. 16th July 2015: A new report by visiongain predicts that the world market for composites will reach $74.58bn in 2015. This forecast and others appear in the Top 20 Leading Composites Companies 2015: Leaders in the Carbon Fibre (CFRP), Glass Fibre (GFRP) & Aramid Fibre Reinforced Plastics (AFRP) report published by visiongain, a leading business intelligence provider based in London, UK. The purpose of that analysis is to give an overview of where the leading composites companies stand today and what are their prospects over the coming decade. This report also contains forecasts and analysis of the global composites market and its submarkets as well as key drivers and restraints. The composites market is highly competitive and very fragmented. There are a large number of companies competing for market share and there is currently not a single enterprise with a large enough market share to be able to influence the industry’s direction. According to last year’s global sales, Owens Corning had the largest market share. Visiongain estimates that Owens Corning will continue to lead the market in 2015. However, visiongain predicts that Hexcel’s sales will exceed those of Owens Corning by 2021 and will hold the leading position by the end of the coming decade. Many companies have become key players in the composites market because of their innovation and pioneering approaches. Most of these companies invest heavily in research and development and in ways of finding new applications for composites. Visiongain believes this trend will rapidly increase the size of the composites market in the next decade. Although the companies operating in this market do not have a monopolistic type control they are of huge importance in terms of setting industry standards. The carbon fibre and glass fibre composite markets are more competitive than the aramid fibre market, as these seem to be very fragmented. Additionally, out of the three analysed types of composites, glass fibre was identified as the largest market and closely followed by the carbon fibre market. The aramid fibre market is significantly smaller than the preceding two, which is why there may be more of an oligopoly style market structure, with DuPont dominating this sector. What does the future hold for the leading composites companies? What composites companies will reach higher sales over the coming decade? Will this market have a prosperous future for them? What is restraining the growth of the composites market? Will the prices for composites decline in future? What industries will consume composites faster than others? This 223 page report contains 211 tables, charts and graphs that add visual analysis in order to explain developing trends within the composites market. Visiongain provides forecasts for the period 2015 to 2025 in terms of value (US$) for the leading composites companies. Additionally, the global composites market as well as 3 composites submarkets by fibre type and 7 composites submarkets by end-use sector are forecast and analysed by visiongain over the period 2015 to 2025. Top 20 Leading Composites Companies 2015: Leaders in the Carbon Fibre (CFRP), Glass Fibre (GFRP) & Aramid Fibre Reinforced Plastics (AFRP)report will be of value to current and future potential investors in the materials sector, as well as companies and research centres who wish to broaden their knowledge of the composites market. For sample pages and further information concerning the visiongain report Top 20 Leading Composites Companies 2015: Leaders in the Carbon Fibre (CFRP), Glass Fibre (GFRP) & Aramid Fibre Reinforced Plastics (AFRP) please visit https://www.visiongain.com/ For an executive summary please contact: Email: Sara Peerun on sara.peerun@ Tel: +44 (0) 20 7336 6100 Notes for Editors If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@ About Visiongain Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors. Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on. End
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