Composites Distributor Market Forecasts | 2023-2028

Market Insights

The Global Composites Distributor Market was estimated to grow at a healthy CAGR of 4.7% during the forecast period of 2023-2028.

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Composite materials are used in various end-use industries to achieve optimal efficiency and productivity. By using composite materials in the manufacturing process, manufacturers can reduce their production costs.

A composites distributor is a company that sells composite materials and products to manufacturers and other end users. Composite materials are made from two or more different materials with different properties, which are combined to create a material with superior properties. Composites are used in a wide range of industries, including aerospace, automotive, construction, marine, and wind energy.

Composites distributors typically offer a wide range of composite materials, including:

• Reinforcing fibers: glass fiber, carbon fiber, aramid fiber (Kevlar)
• Matrix materials: epoxy resin, polyester resin, vinyl ester resin
• Core materials: balsa wood, foam, honeycomb

Market Drivers

The increasing demand for composites in North America and Asia-Pacific and the presence of a large number of composite part fabricators are likely to propel the composites distributor market during the forecast period.

The composites distributor market is driven by several factors, including:

• Growing demand for composites in a variety of industries. Composites are increasingly being used in a wide range of industries, including aerospace and defense, automotive, construction, marine, and wind energy. This is due to the unique properties of composites, such as their high strength-to-weight ratio, corrosion resistance, and durability.
• Increasing investment in research and development of composites. There is a significant investment in research and development of new composite materials and manufacturing processes. This is leading to the development of new and improved composites that are more cost-effective and easier to process.
• Government support for the composites industry. Many governments around the world are providing support for the composites industry through tax breaks, grants, and other incentives. This is being done to promote the use of composites in a variety of applications.

Key Players

Some of the major composites’ distributor companies are-

• Composites One
• Euroresins International GmbH
• FRP Services & Company
• Gazechim Composites UK
• IMCD N.V.
• Lintech International LLC
• Microtex Composites Srl
• North American Composites
• Sino Composite Co. Ltd
• Sumitomo Shoji Chemicals Co. Ltd

Segments' Analysis

End-Use Industry Trends

The market is segmented as aerospace & and defense, wind energy, automotive, marine, construction, pipe & and tank, electrical & and electronics, and consumer goods.

The construction industry held the largest share of the market during the forecast period and is expected to remain dominant during the forecast period driven by the increasing demand for lightweight and non-corrosive materials in the industry and the presence of a large number of composite part fabricators.

Raw Material Trends

The composites distributor market is segmented as roving, textile, polyester resin, vinyl ester resin, epoxy resin, and other resins. 

Polyester resin is estimated to be the largest as well as the fastest-growing material during the forecast period driven by its increasing use in the construction and pipe & tank industries. The use of polyester resin offers advantages such as dimensional stability, and ease of handling, and provides mechanical and chemical resistance.

Regional Analysis

Asia-Pacific is estimated to be the largest as well as the fastest-growing composites distributor market during the forecast period due to the presence of many small-part fabricators for pipe & and tank, construction, and consumer goods end-use industries. China and India are the growth engines of the region.

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North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The global Composites Distributor market is segmented into the following categories.

By End-Use Industry Type

• Aerospace and Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pipe and Tank (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Raw Material Type

• Roving (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Textile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyester Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Vinyl Ester Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Epoxy Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Intermediate Type

• Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sheet Molding Compound (SMC) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bulk Molding Compound (BMC) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Short Fiber Thermoplastic (SFT) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Long Fiber Thermoplastic (LFT) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Carbon Fiber Thermoplastic (CFT) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Glass Mat Thermoplastic (GMT) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.