Global Composite Tubes Market- Forecast and Analysis (2020-2027)

 Global Composite Tubes Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 5.8%over the forecast period 2020-2027.




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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Composite Tubes Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.

Global Composite Tubes Market overview


The composite tube has wide range of applications in automations industries and robots owing to its corrosion resistance and lightweight structures properties. The increasing demand from automation industries and excellent physical properties which includes excellent fatigue resistance, low overall weight, dimensional stability, high stiffness, and low overall weight. The composite tube has other properties such as insulation, corrosion & weather resistance, smooth surface & warm finish and long-life and this leads to increasingly replacing traditional materials such as titanium, steel and aluminium and expanding wide range of applications especially in automation and metal industry.

Global Composite Tubes Market Dynamics


The demand for glass fiber tube is increasing which leads to increase the demand for composite tubes. As these fiber tubes are strong lightweight and made of fibre of glass they are used as wide applications for various end-use industries. Besides, they are known as short, low physical effects and stiffness than composite tubes of carbon fibre. They are widely used in sports & leisure, electrical & electronics, transportation and robotics & automation owing to their bulk strength and weight is estimated to drive the global composite tube market.


However, the market for composite tubes is constrained by low raw material costs and volatility. In addition, the growth of demand for Composite tubes can also be impeded by strict government regulations.


Composites tubes has properties such as light weight, high strength to weight ratio owing to these properties they are widely used in transportation sectors. Government regulations regarding emission standard especially in developed economies has led to introduce fuel efficient and more light weight composites in the transportations sector. This factor is driving the growth of the composites market owing to increasing consumptions and expansion in automobile industries. Manufacturers are more focusing on R & D activities to improve the product portfolio of composite tubes products.

Global Composite Tubes Market: Regional Analysis


The regional analysis of the global composite tubes market is segregated across North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Currently, the Asia Pacific followed by North America is dominant in Composite Tubes over the forecast period. Rise in demand for composite tubes in transportation sector and rapid industrializations in this region is highly lucrative in this region. The increasing application form various end use industries such as from electrical & electronics, automotive, aerospace & defence and key manufacturers of commercial aircrafts are in North America is driving the growth of the market in this region. The demand for composites tubes in Middle East & Africa is estimated to rise significantly in near future owing to developing economies.


Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.


The objective of the report is to present a comprehensive analysis of the Global Composite Tubes Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Composite Tubes Market dynamics, structure by analyzing the market segments and project Global Composite Tubes Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Composite Tubes Market make the report investor’s guide.

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Global Composite Tubes Market, by Type


• Round Profile

• Telescopic

• Conical

• Others

Global Composite Tubes Market, by End-use Industry


• Industrial

• Electrical

• Robotics & Automation

• Sports & Leisure

• Transportation

• Others

Global Composite Tubes Market, by Process Type


• Pull Winding

• Filament Winding

• Other

Global Composite Tubes Market, by Filler Type


• Carbon Fiber Tubes

• Glass Fiber Tubes

• Hybrid Tubes

• Others

Global Composite Tubes Market, by Region


• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

Global Composite Tubes Market Major Players


• Exel Composites Plc

• Accurate Plastics, Inc.

• Strongwell Corporation

• Fiber Tech Composite Private Limited

• Fibergrate Composite Structure, Inc.

• Containment Solutions

• Glasforms

• Foshan Zhihui Junzhang Advanced Composite Technology

• Rock West Composites

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