Composites Distributor Market to Record Significant Revenue Growth During the Forecast Period 2023-2028 [news]
Stratview Research has published a new report titled “Global Composites Distributor Market” which is segmented by End-Use Industry Type (Aerospace and Defense, Wind Energy, Automotive, Marine, Construction, Pipe and Tank, Electrical and electronics, Consumer Goods, and Others), by Raw Material Type (Roving, Textile, Polyester Resin, Vinyl Ester Resin, Epoxy Resin, and Others), by Intermediate Type (Prepreg, SMC, BMC, SFT, LFT, CFT, and GMT), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the Global Composites Distributor Market was estimated to grow at a healthy CAGR of 4.7% during the forecast period of 2023-2028.
To learn more about the report, click here: https://www.stratviewresearch.com/918/composites-distributor-market.html
Composite materials are used in various end-use industries to achieve optimal efficiency and productivity. By using composite materials in the manufacturing process, manufacturers can reduce their production costs.
A composites distributor is a company that sells composite materials and products to manufacturers and other end users. Composite materials are made from two or more different materials with different properties, which are combined to create a material with superior properties. Composites are used in a wide range of industries, including aerospace, automotive, construction, marine, and wind energy.
Composites distributors typically offer a wide range of composite materials, including:
• Reinforcing fibers: glass fiber, carbon fiber, aramid fiber (Kevlar)
• Matrix materials: epoxy resin, polyester resin, vinyl ester resin
• Core materials: balsa wood, foam, honeycomb
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
End-Use Industry Trends
The market is segmented as aerospace & and defense, wind energy, automotive, marine, construction, pipe & and tank, electrical & and electronics, and consumer goods.
The construction industry held the largest share of the market during the forecast period and is expected to remain dominant during the forecast period driven by the increasing demand for lightweight and non-corrosive materials in the industry and the presence of a large number of composite part fabricators.
Raw Material Trends
The composites distributor market is segmented as roving, textile, polyester resin, vinyl ester resin, epoxy resin, and other resins.
Polyester resin is estimated to be the largest as well as the fastest-growing material during the forecast period driven by its increasing use in the construction and pipe & tank industries. The use of polyester resin offers advantages such as dimensional stability, and ease of handling, and provides mechanical and chemical resistance.
Which Region is expected to remain the largest market?
Asia-Pacific is estimated to be the largest as well as the fastest-growing composites distributor market during the forecast period due to the presence of many small-part fabricators for pipe & and tank, construction, and consumer goods end-use industries. China and India are the growth engines of the region.
North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Composites Distributor Market:
• Composites One
• Euroresins International GmbH
• FRP Services & Company
• Gazechim Composites UK
• IMCD N.V.
• Lintech International LLC
• Microtex Composites Srl
• North American Composites
• Sino Composite Co. Ltd
• Sumitomo Shoji Chemicals Co. Ltd
Key questions answered by the report.
• What is the projected CAGR for revenue from the Composites Distributor Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Composites Distributor Market?
• Which are the major market players?
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com or connect with our experts at +1-313-307-4176.
As per the study, the Global Composites Distributor Market was estimated to grow at a healthy CAGR of 4.7% during the forecast period of 2023-2028.
To learn more about the report, click here: https://www.stratviewresearch.com/918/composites-distributor-market.html
Composite materials are used in various end-use industries to achieve optimal efficiency and productivity. By using composite materials in the manufacturing process, manufacturers can reduce their production costs.
A composites distributor is a company that sells composite materials and products to manufacturers and other end users. Composite materials are made from two or more different materials with different properties, which are combined to create a material with superior properties. Composites are used in a wide range of industries, including aerospace, automotive, construction, marine, and wind energy.
Composites distributors typically offer a wide range of composite materials, including:
• Reinforcing fibers: glass fiber, carbon fiber, aramid fiber (Kevlar)
• Matrix materials: epoxy resin, polyester resin, vinyl ester resin
• Core materials: balsa wood, foam, honeycomb
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
End-Use Industry Trends
The market is segmented as aerospace & and defense, wind energy, automotive, marine, construction, pipe & and tank, electrical & and electronics, and consumer goods.
The construction industry held the largest share of the market during the forecast period and is expected to remain dominant during the forecast period driven by the increasing demand for lightweight and non-corrosive materials in the industry and the presence of a large number of composite part fabricators.
Raw Material Trends
The composites distributor market is segmented as roving, textile, polyester resin, vinyl ester resin, epoxy resin, and other resins.
Polyester resin is estimated to be the largest as well as the fastest-growing material during the forecast period driven by its increasing use in the construction and pipe & tank industries. The use of polyester resin offers advantages such as dimensional stability, and ease of handling, and provides mechanical and chemical resistance.
Which Region is expected to remain the largest market?
Asia-Pacific is estimated to be the largest as well as the fastest-growing composites distributor market during the forecast period due to the presence of many small-part fabricators for pipe & and tank, construction, and consumer goods end-use industries. China and India are the growth engines of the region.
North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Composites Distributor Market:
• Composites One
• Euroresins International GmbH
• FRP Services & Company
• Gazechim Composites UK
• IMCD N.V.
• Lintech International LLC
• Microtex Composites Srl
• North American Composites
• Sino Composite Co. Ltd
• Sumitomo Shoji Chemicals Co. Ltd
Key questions answered by the report.
• What is the projected CAGR for revenue from the Composites Distributor Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Composites Distributor Market?
• Which are the major market players?
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com or connect with our experts at +1-313-307-4176.
Revolutionizing Computing: The Role of ASICs in AI and ML [news]
In the fast-paced world of artificial intelligence (AI) and machine learning (ML), the demand for high-performance computing solutions has never been greater. This surge in demand is driven by a myriad of applications ranging from autonomous vehicles to natural language processing, all of which require immense computational power. In this landscape, Application-Specific Integrated Circuits (ASICs) have emerged as game-changers, revolutionizing computing as we know it.
According to Stratview Research, the Global Application Specific Integrated Circuit (ASIC) Market was estimated to grow from USD 16.01 Billion in 2022 to USD 21.94 Billion by 2028 at a healthy CAGR of 5.39% during the forecast period of 2023-2028.
Application-specific integrated circuit (ASIC) is an integrated circuit (IC) chip customized for a particular range of uses, rather than intended for general-purpose use. Application-specific integrated circuits (ASICs) tailored for AI and ML applications, including tasks like neural network inference and training, deliver superior processing capabilities and enhanced energy efficiency when contrasted with general-purpose processors.
Based on the product type, application-specific integrated circuits can be categorized into full custom ASIC, semi-custom ASIC, and Programmable ASIC. Based on application type, it can be categorized into telecommunication, industrial, automotive, consumer goods, and others.
To learn more about the report, please visit:
https://www.stratviewresearch.com/1250/application-specific-integrated-circuit-(ASIC)-market.html
The Birth of ASICs
Before delving into the impact of ASICs on AI and ML, it's crucial to understand what they are and why they hold such significance in this domain.
ASICs are custom-designed microchips purpose-built for specific applications. Unlike general-purpose processors like CPUs or GPUs, which are designed to handle a wide range of tasks, ASICs are optimized for a singular or narrow set of functions. This specialization allows them to deliver unparalleled performance and efficiency for their intended tasks.
Tailored Precision for AI and ML
One of the most compelling aspects of ASICs is their ability to accelerate specific operations critical to AI and ML tasks. These operations often involve the repeated execution of mathematical computations, which are the backbone of neural network operations.
Matrix Multiplications: A Critical Operation
In AI and ML, matrix multiplications are fundamental operations that form the basis of various computations. This operation involves multiplying matrices, a process that is heavily used in tasks like convolutional neural networks (CNNs) for image recognition and recurrent neural networks (RNNs) for sequence modeling.
ASICs can be finely tuned to handle these matrix multiplications with exceptional speed and efficiency. Their architecture is optimized to perform these operations in a highly parallelized manner, allowing for a significant increase in throughput compared to general-purpose processors.
Efficiency: The Green Advantage
As the world becomes increasingly aware of the environmental impact of computing, energy efficiency is a critical factor. ASICs shine in this regard. Their tailored design and focus on specific tasks result in significantly reduced power consumption compared to general-purpose processors.
Integrating ASICs can lead to substantial energy savings in data centers, where power consumption is a major concern. This translates to cost savings for operators and contributes to a more sustainable computing ecosystem.
Real-world Applications
The impact of ASICs on AI and ML is evident across a wide range of industries and applications.
Healthcare and Life Sciences
In medical imaging, ASIC-powered solutions enhance the speed and accuracy of diagnoses. From MRI to CT scans, ASICs optimize the processing of complex data, enabling medical professionals to make critical decisions faster.
Autonomous Vehicles
The development of self-driving cars relies heavily on AI algorithms. ASICs play a pivotal role in processing the massive amounts of data generated by sensors in real time, ensuring the safety and reliability of autonomous systems.
Natural Language Processing
In tasks like sentiment analysis, chatbots, and language translation, ASICs accelerate the processing of textual data, enabling more responsive and accurate natural language understanding.
Financial Services
In the high-stakes world of algorithmic trading, every millisecond counts. ASICs are leveraged to execute complex trading algorithms with lightning-fast speed, giving financial institutions a competitive edge.
Overcoming Challenges
While ASICs offer immense advantages, their custom nature also presents challenges. Designing and fabricating ASICs can be a time-consuming and costly process. However, with advancements in design tools and fabrication technologies, these barriers are gradually diminishing.
The Future Landscape
As the demand for AI and ML continues to surge, the role of ASICs will only become more prominent. The ongoing development of advanced fabrication processes and design methodologies will further drive the adoption of ASICs in a broader range of applications.
In conclusion, ASICs represent a paradigm shift in computing, particularly in the realm of AI and ML. Their tailored precision, unparalleled performance, and energy efficiency make them indispensable in tackling the most demanding computational tasks. As technology continues to advance, we can expect to see ASICs playing an even greater role in shaping the future of computing.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
According to Stratview Research, the Global Application Specific Integrated Circuit (ASIC) Market was estimated to grow from USD 16.01 Billion in 2022 to USD 21.94 Billion by 2028 at a healthy CAGR of 5.39% during the forecast period of 2023-2028.
Application-specific integrated circuit (ASIC) is an integrated circuit (IC) chip customized for a particular range of uses, rather than intended for general-purpose use. Application-specific integrated circuits (ASICs) tailored for AI and ML applications, including tasks like neural network inference and training, deliver superior processing capabilities and enhanced energy efficiency when contrasted with general-purpose processors.
Based on the product type, application-specific integrated circuits can be categorized into full custom ASIC, semi-custom ASIC, and Programmable ASIC. Based on application type, it can be categorized into telecommunication, industrial, automotive, consumer goods, and others.
To learn more about the report, please visit:
https://www.stratviewresearch.com/1250/application-specific-integrated-circuit-(ASIC)-market.html
The Birth of ASICs
Before delving into the impact of ASICs on AI and ML, it's crucial to understand what they are and why they hold such significance in this domain.
ASICs are custom-designed microchips purpose-built for specific applications. Unlike general-purpose processors like CPUs or GPUs, which are designed to handle a wide range of tasks, ASICs are optimized for a singular or narrow set of functions. This specialization allows them to deliver unparalleled performance and efficiency for their intended tasks.
Tailored Precision for AI and ML
One of the most compelling aspects of ASICs is their ability to accelerate specific operations critical to AI and ML tasks. These operations often involve the repeated execution of mathematical computations, which are the backbone of neural network operations.
Matrix Multiplications: A Critical Operation
In AI and ML, matrix multiplications are fundamental operations that form the basis of various computations. This operation involves multiplying matrices, a process that is heavily used in tasks like convolutional neural networks (CNNs) for image recognition and recurrent neural networks (RNNs) for sequence modeling.
ASICs can be finely tuned to handle these matrix multiplications with exceptional speed and efficiency. Their architecture is optimized to perform these operations in a highly parallelized manner, allowing for a significant increase in throughput compared to general-purpose processors.
Efficiency: The Green Advantage
As the world becomes increasingly aware of the environmental impact of computing, energy efficiency is a critical factor. ASICs shine in this regard. Their tailored design and focus on specific tasks result in significantly reduced power consumption compared to general-purpose processors.
Integrating ASICs can lead to substantial energy savings in data centers, where power consumption is a major concern. This translates to cost savings for operators and contributes to a more sustainable computing ecosystem.
Real-world Applications
The impact of ASICs on AI and ML is evident across a wide range of industries and applications.
Healthcare and Life Sciences
In medical imaging, ASIC-powered solutions enhance the speed and accuracy of diagnoses. From MRI to CT scans, ASICs optimize the processing of complex data, enabling medical professionals to make critical decisions faster.
Autonomous Vehicles
The development of self-driving cars relies heavily on AI algorithms. ASICs play a pivotal role in processing the massive amounts of data generated by sensors in real time, ensuring the safety and reliability of autonomous systems.
Natural Language Processing
In tasks like sentiment analysis, chatbots, and language translation, ASICs accelerate the processing of textual data, enabling more responsive and accurate natural language understanding.
Financial Services
In the high-stakes world of algorithmic trading, every millisecond counts. ASICs are leveraged to execute complex trading algorithms with lightning-fast speed, giving financial institutions a competitive edge.
Overcoming Challenges
While ASICs offer immense advantages, their custom nature also presents challenges. Designing and fabricating ASICs can be a time-consuming and costly process. However, with advancements in design tools and fabrication technologies, these barriers are gradually diminishing.
The Future Landscape
As the demand for AI and ML continues to surge, the role of ASICs will only become more prominent. The ongoing development of advanced fabrication processes and design methodologies will further drive the adoption of ASICs in a broader range of applications.
In conclusion, ASICs represent a paradigm shift in computing, particularly in the realm of AI and ML. Their tailored precision, unparalleled performance, and energy efficiency make them indispensable in tackling the most demanding computational tasks. As technology continues to advance, we can expect to see ASICs playing an even greater role in shaping the future of computing.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
