Exactitude Consultancy Latest Press Release 2023: Sports Composites Market

Increased demand for lightweight materials has stimulated sports composites market expansion.

Composite can be used to improve sports equipment used to protect athletes as well as the venues where the games are held. Sports Composites are used in a variety of sports equipment because they improve athletic performance and reduce the risk of injury by providing increased efficiency and lower weight. Furthermore, when compared to other traditional materials such as titanium alloys, high tensile strength steels, and others, composites have a high strength-to-weight ratio, allowing for more efficient and diverse designs. As a result, the aforementioned factors are responsible for market growth during the forecast period.

Technological advancements have emerged as a key trend that is gaining traction in the sports composite market.

To maintain their position, major companies in the sports composites sector are focusing on introducing new technological products. For example, Aldila, a sports equipment manufacturer based in the United States, will launch ALDILA ASCENT, an ultra-light golf shaft series, in 2020. This model provides a simple, high launch angle while also assisting in the control of spin and face deflection for a higher ball flight with a long descent roll out. It also has FlyDrive Technology, which is a full-length Visco-Elastic Isolation Layer (VEIL) that improves overall strength and feel while increasing the shaft’s resistance to ovaling.

Kordsa, a Turkish company that provides reinforcement technologies for automobiles, aeroplanes, motorcycles, agricultural and industrial tyres, acquired the majority of Microtex Composites in April 2022 for € 25.4 million euros Kordsa hopes to diversify its product offering, expand its client base, and expand its service offering in the automotive and motorsport industries with this acquisition. Microtex Composites is an Italian company that specialises in the production of carbon fibre composites for the automotive, motorsport, marine, and transportation industries.

Explore 248 market data Tables spread through nearly 86 Pages and in-depth analysis on “Sports Composites Market by Resin Type (Epoxy, Polyurethane, Polyamide, Polypropylene, Others) Product Type (Glass, Carbon) Application (Hockey Sticks, Golf Sticks, Bicycles, Rackets, Skis & Snowboards) and by Region Global Trends and Forecast from 2022 to 2029” with Table of Content – Click here

Golf sticks applications accounted the largest share in sports composites market in terms of both volume and value.

In terms of volume and value, golf sticks will hold the second largest share of the Sports Composites Market in 2021. Golf shafts are typically made of high modulus graphite, titanium, and high tensile strength steels. Swing and strike are two important factors that influence the use of shaft materials in golf shaft design and club performance. As a result, the use of composites in the manufacture and production of golf club shafts and club heads has been aided, as these materials offer lighter weight, a high-tech image to a relatively affluent market, and a variety of design options that traditional steel materials do not provide.

COVID-19 pandemic has mixed effect on the sports composites market.

COVID-19 has had a negative impact on the market. Sports equipment production fell dramatically as a result of the supply chain disruption. Furthermore, a number of sporting events, including the Tokyo Olympics in 2020, the Indian Premier League, the NBA, the Asian Street Championship for Skateboarding, the French Open in Tennis, and others, have been cancelled or rescheduled for later dates. This factor has resulted in a sharp drop in demand for sports equipment.

The opposite is the case Following the COVID-19 pandemic, health has become a priority, and rising physical activity around the world is driving demand for composites in sporting goods. Adoption of strong and long-lasting materials, as well as continuous product improvement in sports items such as racquets, skis, golf sticks, and hockey sticks, are also helping to drive global market growth. These key elements are expected to drive the global sports Composites Market during the forecast period.

North America has the highest revenue share.

North America accounted for more than 36.0% of the revenue share in 2021, owing to rapid technological advancements that are increasing the use of composites in sports equipment such as polo sticks and lacrosse sticks. Over the forecast period, growth will be driven by rising demand for artificial turf for American football fields, basketball courts, and golf courses.

In 2021, Europe’s demand for sports composites was estimated to be worth more than USD 967 million. The presence of a large number of sports composites manufacturers in the region drives the region’s growth, increasing the product’s widespread availability at a competitive price. Furthermore, growing popularity of hockey and tennis in European countries such as Germany and France are expected to drive growth over the forecast period.

Sports Composites Market Players

The global market is fragmented in nature with the presence of various key players such Toray Industries, Solvay, Topkey, Owens Corning, Mitsubishi Chemical, Dupont, SGL Group, Teijin, GW COMPOS, Amer Sports, Ficher Sports, Callway Golf, Hexion along with medium and small-scale regional players operating in different parts of the world. Major companies in the market compete in terms of application development capability, product launches, and development of new technologies for product formulation.

Key Market Segments: Sports Composites Market

Sports Composites Market By Resin Type, 2020-2029, (Usd Billion) (Kilotons)

• Epoxy
• Polyurethane
• Polyamide
• Polypropylene
• Others

Sports Composites Market By Product Type, 2020-2029, (Usd Billion) (Kilotons)

• Glass
• Carbon

Sports Composites Market By Application, 2020-2029, (Usd Billion) (Kilotons)

• Hockey Sticks
• Golf Sticks
• Bicycles
• Rackets
• Skis & Snowboards

Sports Composites Market By Region 2020-2029, (Usd Billion) (Kilotons)

• North America
• Europe
• Asia Pacific
• South America
• Middle East And Africa

Important Countries In All Regions Are Covered.

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