The report "Sports Composites Market by Resin Type, by Fiber Type (Carbon, Glass, and Other Fibers), by Application (Golf Stick, Rackets, Bicycle, Hockey Stick, Skis & Snowboards, and Others), and by Region - Global Forecasts to 2021", The global sports composites market is projected to reach USD 3.75 Billion by 2021, registering a CAGR of 5.59% between 2016 and 2021. The major factors fueling the growth of the sports composites market are increasing use of lightweight materials in sporting goods equipment and growing demand of composites from golf stick and racket application segments.
The Asia-Pacific region is expected to be the largest market for composites-based sporting goods due to the increased demand from skis & snowboards, golf stick, racket, and bicycle applications. In addition, easy availability of raw materials, low labor costs, growing manufacturing industries, new product developments, capacity expansions, and new plant establishments by various leading players are few factors leading to the growth of the sports composites market in this region.
Some of the leading manufacturers of composite-based sporting goods include Aldila Inc. (U.S.), Amer Sports (Finland), Jarden Composites (U.S.), ProKennex (Taiwan), Fischer Sports GmbH (Austria), Topkey Corporation (Taiwan), and Rossignol (France). Some of the raw material suppliers profiled are E. I. du Pont de Nemours and Company(U.S.), Hexion Inc. (U.S.), Toray Industries Inc. (Japan), and SGL Group (Germany). These players adopted various organic and inorganic developmental strategies.
