SPORTS COMPOSITES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In February 2022, Celanese Corporation declared the acquisition of DuPont's Mobility & Materials (M&M) business for USD 11.0 billion. This acquisition expanded the company’s product portfolio.
• In May 2021, Toray Industries, Inc. developed thermoplastic pellets with high tensile modulus carbon fiber, making them perfect for injection molding using that fiber. It is anticipated that the pellets will make it possible to produce complicated, lightweight parts more efficiently, which will lessen the impact on the environment.
• In January 2021, SGL Carbon announced that it will be launching an expansion project at its Arkadelphia, AR factory for USD 4.5 million in order to boost its capacity for producing carbon composites. By the year's end, the expansion is anticipated to be operational. 31 production sites are run by SGL Carbon across North America, Europe, and Asia Pacific. It is anticipated that this development would accelerate the sports composites market growth.