Continuous fibre composites market have a reputation for being adaptable materials because the final product is a blend of fibres, resins, and other core materials. These offer a better strength to weight ratio, have become more popular in high performance applications, and have also entered cost-sensitive industries.
Continuous fibre composites are produced via intricate manufacturing procedures, but they have grown significantly in popularity over time, and the industry is predicted to grow at a rapid rate.
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One of the key applications of continuous fiber composites is in the production of wind mill turbine blades. The rising number of wind mill installations significantly leverages the demand for continuous fiber composites. Another factor contributing to this growth is the lucrative government schemes and subsidies being offered in the wind mill value chain.
This further augments the growth of continuous fiber composites market. Having said that, apart from new wind mill installations, the MRO and retrofit activities in wind mill application are also further noted to drive the demand for continuous fiber composites.
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However, on the downside, factors such as mechanical strength, pliability as well as decomposition and recycling of continuous fiber composites should be taken into account. These may hinder the overall growth of the continuous fiber composites marketplace. To minimize the impact of these technical aspects on the market growth, manufacturers of continuous fiber composites are increasing their focus on research & development activities.
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Some of the market participants in the global continuous fiber composites market identified across the value chain include:
- Automated Dynamics (Part of Trelleborg Group)
- Chomarat Group
- Hexcel Corporation
- Toray Industries, Inc.
- SABIC Corporation
- SAERTEX GmbH & Co.KG
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