Laminar Composites Market Trends

Statistics for the 2023 & 2024 Laminar Composites market trends, created by Mordor Intelligence™ Industry Reports. Laminar Composites trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of Laminar Composites Industry

This section covers the major market trends shaping the Laminar Composites Market according to our research experts:

Buildings & Construction to Dominate the Market

  • The construction is one of the major end-user industries of the laminar composite materials consumption.
  • These composites are used for repairing existing structures. The demand for composites in construction sector increased in the past few years, owing to their properties like low weight,high aesthetics, enhanced environmental resistance, design flexibility, and increased stiffness .Moreover, many new small civil structures, for example pedestrian bridges, rooftops, etc., are being constructed by composite materials.
  • The construction industry in countries, such as China, India, United States, and Germany is witnessing significant growth which is expected to boost the demand for laminar composites in building & construction industry.
  • Hence, owing to the above-mentioned factors, the building & construction sector is likely to dominate the market over the forecast period.
Global Laminar Composites Market - Revenue Share

North America to Dominate the Market

  • North America currently dominates the global laminar composites market with the major demand coming from the United States.
  • The demand for composites in North America is projected to continuously increase in the coming years, owing to their superior performance in automotive and construction applications.
  • The United States government has set new standards requiring light vehicles to achieve a   Corporate Average Fuel Efficiency (CAFE) standard of 46.8 mpg by 2025. This change in regulatory standards which recommend the use of lightweight vehicles is expected to drive the market studied in the country.
  • Along with the existing capacities, several composites manufacturers are expanding their production capacities for laminar composites in the United States.
  • Hence, owing to the above-mentioned reasons, North America is expected to dominate the market during the forecast period.
Global Laminar Composites Market - Regional Trend

Laminar Composites Report Snapshots

Laminar Composites Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)