Composites

Para-Aramid Fiber Market Growth Offers Room to Grow to Existing & Emerging Players As per the study, the market was estimated to reach US$ 2.7 Billion by 2026 at a Healthy CAGR during the forecast period of 2021-2026. Commonly known as Kevlar®, para-aramid was first developed at DuPont™ by Stephanie Kwolek in the 1930s. However, it was first made commercially available in the 1970s as a replacement for steel in racing tires.

Ion Exchange Resins Market to Witness Robust Expansion by 2028 The Ion Exchange Resins Market estimates a healthy growth rate of 4.58% CAGR during the forecast period of 2022-2028 and reaches USD 2.33 billion in 2028 from USD 1.70 billion in 2021. Ion Exchange Resins are materials that are insoluble in nature and are high in molecular weight. They can contain either basic groups or acidic groups for the process of ion exchange.

Tow Prepreg Market is likely to witness an impressive CAGR of 10.0% during the forecast period. The growing demand from various industries such as aerospace & defense, automotive & transportation, and oil & gas is the main factor contributing to the growth of the tow prepreg market. The surge in production of commercial aircraft by Boeing and Airbus to cater to the increasing airline traffic of passengers is also bolstering the growth of the market.

The report suggests that the overall Vinyl Ester Resin Market in the Composites Industry is likely to witness an impressive CAGR of 7.5% during 2021-2026 to reach a value of US$ 537 million in 2026. Vinyl ester resin is widely used in the fabrication of composite parts for a wide array of industries such as transportation, marine, buildings & construction, pipe & tanks, wind energy, and aerospace & defense.