The global sports composites market is valued at US$ 2.34 billion in 2023 and is projected to reach US$ 3.78 billion by the end of 2033, growing at a CAGR of 4.9% over the forecast period.

Thermoplastic composites featuring a polyamide resin matrix offer an ideal combination of properties, making them highly suitable for diverse applications in the sports industry.

Country-wise Insights

The United States sports composites market is projected to reach US$ 1.28 billion by 2033, driven by continuous technological advancements in the field.

Golf has emerged as one of the most popular sports in the country, according to the National Golf Foundation. This rising interest is further supported by increased investments in golf shafts by government organizations, as reported by the Sports & Fitness Industry Association.

Category-wise Insights

The market, by resin, is categorized into polypropylene, polyamide, polyurethane, and epoxy.

Demand for polyamide resin sports composites is anticipated to grow at a CAGR of 4.7% during the forecast period. This growth is driven by the rising popularity of polyamide resin in ice hockey sticks, owing to its lightweight, robust, and corrosion-resistant properties.

Polyamide resin is used to reinforce hockey stick blades, minimizing weight while protecting the blades from damage caused by high-impact collisions. These qualities make it a preferred choice, fueling the demand for polyamide resin sports composites in the coming years.

Read More: https://www.factmr.com/report/sports-composites-market

Competitive Landscape

Technological advancements are emerging as a key trend in the sports composites industry, driving innovation and growth. To stay competitive, leading manufacturers are prioritizing the development of innovative products while adhering to strict safety standards. They are also focusing on quality control, product standardization, and efficient supply chain management to enhance their revenue streams.

Key developments include:

• In 2021, Toray Industries, Inc. introduced high tensile modulus carbon fiber and thermoplastic pellets, specifically designed for injection molding applications, showcasing the company's commitment to advanced material solutions.
• In 2022, Celanese Corporation announced the acquisition of DuPont's Mobility & Materials (M&M) division for US$ 11 billion, significantly expanding its product portfolio and strengthening its global presence.

Such strategic innovations and acquisitions highlight the industry's focus on technological progress and market expansion.

Key Segments of Sports Composites Industry Research

• By Resin :
  • Epoxy
  • Polyamide
  • Polyurethane
  • Polypropylene
• By Fiber :
  • Carbon Fiber
  • Glass Fiber
• By Application :
  • Golf Sticks
  • Rackets
  • Bicycle Frames
  • Hockey Sticks
  • Skis, Snowboards, and Kayaks
• By Region :
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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