At the time of this report, the official counts of cases and deaths from COVID-19 have passed 4,000,000 and 280,000. Many government announced a plan on reopening the national economy, but many countries are still at the stage of rising. It should be noted that the impact of the epidemic has accelerated the trend of localization, regionalization and decentralization of the global industrial chain and supply chain, so it is inevitable to reconstruct the global industrial chain. Faced with the global industrial change in the post epidemic era, enterprises in various countries must take precautions.
Chemical and petrochemical-related industries have been noticing the adverse effects of the COVID-19 outbreak. They are in the midst of a two-pronged crisis, besides the impact of COVID-19, another is the oil price war. Oil prices are dropping due to failed agreements on production cuts between OPEC and Russia in April and the need for chemicals and refined products is slowing from industrial slow-downs and travel restrictions in the wake of this global pandemic.
The chemical industry plays an important role in the production of countless products such as plastic, fertilizers, medicines, packaging products, etc., with the spread of coronavirus, many production facilities of several downstream industries have been halted. However, a rise in the demand for packaging materials has been increased to prevent the contamination of food, medicine, personal care, and medical products thereby creating a significant demand for chemicals involved in the packaging industry.
In such an environment, XYZ-research published a comprehensive analysis of key market trends in global Composites 3160 market. It includes discussion on historical trends, current market status, competitive landscape, growth opportunities and challenges which are backed by factful feedbacks.
According to XYZResearch analysis, Composites market will reach xx Million USD by the end of 2020, with a CAGR of xx % during the forecast period of 2021-2026, The XX segment in Composites market is estimated to reach a market value of xx Million USD by 2020 from an initial market value of xx Million USD in 2019. China market value in 2019 is about xx Million USD, and Composites production is xx. US market value in 2019 is about xx Million USD, and Composites production is xx. Europe market value in 2019 is about xx Million USD, and Composites production is XX.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Composites Market by XYZResearch Include
Competitive Analysis; Who are the Major Players in Composites Market?
Owens Corning (US)
Toray Industries (Japan)
Teijin Limited (Japan)
Mitsubishi Chemical Holdings (Japan)
Hexcel Corporation (US)
SGL Group (Germany)
Nippon Electrical Glass (Japan)
Koninklijke Ten Cate bv. (Netherlands)
Huntsman International (US)
Major Type of Composites Covered in XYZResearch report:
Glass Fiber Composites
Carbon Fiber Composites
Natural Fiber Composites
Other Fiber Composites
Application Segments Covered in XYZResearch Market
Aerospace & defense
Construction & Infrastructure
Pipe & Tank
Electrical & Electronics
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