A material is composed of a minimum of two materials, which combine to offer properties superior to those of the individual constituents. Fibre reinforced polymer (FRP) composites, usually with carbon, glass, aramid, polymer or natural fibres embedded during a polymer matrix. Other matrix materials are often used and composites can also contain fillers or nano-materials such as grapheme. the various component materials and different processes which will be used make composites extremely versatile and efficient. They typically end in lighter, stronger, more durable solutions compared to traditional materials.
As with all engineering materials, composites have particular strengths and weaknesses, which should be considered at the specifying stage. Composites are by no means the proper material for each job. However, a serious driving force behind the event of composites has been that the mixture of the reinforcement and therefore the matrix are often changed to satisfy the required final properties of a component. as an example, if the ultimate component must be fire-resistant, a fire-retardant matrix are often utilized in the event stage in order that it's this property.
The future of the composites market looks attractive with opportunities in the transportation, construction, wind energy, pipe & tank, marine, consumer goods, electrical and electronics, aerospace, and others. The composite materials market is expected to reach an estimated $40.2 billion by 2024 and it is forecast to grow at a CAGR of 3.3% from 2019 to 2024. The composites end product market is expected to reach an estimated $114.7 billion by 2024. The major drivers for growth in this market are increasing demand for lightweight materials in the aerospace & defense and automotive industry; corrosion and chemical resistance materials demand in construction and pipe & tank industry; electrical resistivity and high flame retardant materials demand in electrical and electronics industry. Entrepreneurs who invest in this project will be successful.
Few Indian major players are as under
Ahlstrom Munksjo Fibercomposites India Pvt. Ltd.
Chevron Glassfibre Reinforcements Ltd.
Everlast Composites Pvt. Ltd.
Ineos Styrolution India Ltd.
Magnus Composites Synergies Pvt. Ltd.
Owens Corning Inds. (India) Pvt. Ltd.
Teijin India Pvt. Ltd.