In 2027, the global market size of sports composite materials will reach 3.9 billion DOLLARS

In 2027, the global market size of sports composite materials 

will reach 3.9 billion DOLLARS

On November 20, Reportlinker released the global sports equipment composite Market Analysis report. Due to the COVID-19 outbreak, the global sports composite market growth rate was only 1% in 2020, and will recover and grow rapidly thereafter. The market size will reach $3.9 billion in 2027, and the CAGR will be 5.3% in 2020-2027.

Sports composite materials, also known as sports composite materials, are an indispensable part of advanced sports equipment, which can help athletes run faster and achieve better results. Over the years, the need for high performance sporting goods to be light and durable has led to the remarkable development of sporting goods materials, from traditional materials such as wood and metal to today's carbon fiber composite materials. Equipment such as bicycles, skis, arrows, rackets, hockey sticks and poles have gradually moved from heavier options to composites, with sturdy, lightweight structures.

In recent years, several companies have begun to offer advanced composite materials such as carbon fiber/epoxy prepreg, polyurethane systems, etc., to produce lighter, more durable, and stronger skis and skis for sports enthusiasts and world-class athletes. Advanced prepreg is based on epoxy matrix and reinforced with arkon, glass and carbon fiber, transforming the sports field by achieving faster curing speed and excellent sports equipment adhesion without compromising desired function.

However, due to the COVID-19 outbreak, in the first and second quarters of 2020, all sports events around the world were cancelled, while major sports events, including football, cricket, fencing, hockey, Formula One racing, cycling, sailing and skiing, were postponed or cancelled. Therefore, in conclusion, COVID-19 in 2020 will have a significant adverse impact on sports events and competitive sporting goods.

In response to the current situation, consumer spending on professional sporting goods has fallen sharply, with consumers avoiding all unnecessary shopping trips and thus reducing foot traffic to brick-and-mortar retail stores, the main reason for the decline in sales. Now a second wave of infections will make matters worse. Following the end of the epidemic, sports product processors will drive growth through continued efforts to develop sports equipment and accessories with improved mechanical properties, strength and durability. As more and more sports composite materials are used in golf club design to reduce the quality of the club body, it is estimated that the golf club segment will occupy the largest market share.

Bicycle frames continue to be the main application area and are expected to maintain strong growth due to the increasing use of light bikes for recreational activities and competitive sports. The growing use of carbon fiber, which could improve bike control and reduce costs, is expected to fuel growth in the sector.

In addition, the sports composite market is also expected to benefit from a rebound in demand for snowboarding and snowboarding. Using GRP to create skis and skis cover improves player control over the board. The use of glass composites in skis can change the geometry of structural parts, reduce the risk of glue failure and reduce costs, and these market segments can be further expanded. The picture

Leading global manufacturers of sports composites include Dupont Nemur inc., Kostron Corp., Amil Sports Inc., Aldila, HEAD Sport GmbH, Hexion, Fischer Sports LTD., Avient Corp. And so on.