Dry Use Chopped Strand (DUCS) Market is Forecasted to Reach US$ 2.0 Billion in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global Dry Use Chopped Strand (DUCS) Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2030: US$ 2.0 billion

Growth (CAGR): 3.9% during 2024-2030

Leading End-Use Industry Type: Transportation

Leading Use Type: SFT

Leading Resin Type: Polyamide

Leading Process Type: Injection molding

Leading Region: Asia-Pacific

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 5

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Dry Use Chopped Strand (DUCS) Market:

The global Dry Use Chopped Strand (DUCS) Market is segmented based on End-Use Industry type, Use type, Resin type, Process type and region.

Based on End-Use Industry Type

“Transportation is expected to remain dominant, whereas electrical & electronics is likely to be the fastest-growing end-use industry during the forecast period.”

• The market is segmented as transportation, construction, consumer goods, electrical & electronics, and others. 
• DUCS is used for several automotive applications, such as exterior body panels; interior and exterior parts like bumpers, body panels, and dashboards; interior battery separators; near-to-engine applications, and interior structural and semi-structural applications.
• On the other hand, chopped strands are used with polyester resin for making BMC compounds, which are utilized in small GRP parts for the automotive and electrical industries.

Based on Process Type

“Injection molding is expected to remain the preferred process type in the market over the years to come.”

• Injection molding offers high efficiency, high protectivity, design flexibility, high precision, consistency, and low cost.
• Even though injection molding is a conventional process, it poses a few limitations in certain cases; hence, selecting the right molding process for certain applications is extremely necessary.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for DUCS during the forecast period. This growth outlook is mainly attributed to the following:

·      Rising demand for lightweight, high-strength materials in automotive and transportation sectors.

·      Increasing adoption of DUCS in construction for enhanced durability and structural performance.

·      Growth of wind energy installations driving demand for composite reinforcement.

·      Expanding aerospace applications requiring advanced composite materials.

·      Technological advancements in glass fiber manufacturing improving quality and cost-efficiency.

Dry Use Chopped Strand (DUCS) Market Drivers:

Some of the key drivers listed in the report are given below.

·      The market for electronic countermeasures is being driven by several factors, including a growing need for better defense capabilities, increased defense spending, technical advancements.

·      Rising demand for integrated defense systems, growing cyber threats, and geopolitical tensions.

·      Overall, the Dry Use Chopped Strand (DUCS) Market is expected to grow as governments and defense organizations seek to enhance their defense capabilities against a wide range of electronic threats.

Competitive Landscape: Top 10 Companies in the Dry Use Chopped Strand (DUCS) Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

·      China Jushi Co. Ltd.

·      Owens Corning

·      Taishan Fibreglass Inc.

·      Nippon Electric Glass Co. Ltd.

·      Chongqing Polycomp International Corp (CPIC)

·      3B-Fibreglass

·      Johns Manville

·      Taiwan Glass Group

·      Saint Gobain S.A.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the data center liquid cooling market, answering critical questions like

-       How big is the sales opportunity?

-       Which regions offer the best sales opportunities?

-       Which are the most attractive market segments?

-       Which are the top players and their market positioning?

-       How complex is the business environment?

-       What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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