Polymer composites are made up of two components which are a polymer matrix and a reinforcing fiber material. A variety of fibers (like carbon, glass, and aramid) and polymer resins (such as epoxy, polyester, phenol, and polyacrylic) are used in manufacturing polymer composites. Advanced composite materials have properties such as higher durability, structural rigidity and material strength. These composites help in higher fuel efficiency through weight reduction. These polymer composites find applications in the aerospace and aviation, automotive, electronics, energy, and marine industries.
Advanced polymer composites are classified by raw material into two types i.e. resin and fibers. The resins are classified into epoxy resin, phenolic resin, polyester resin and others (including polyacrylic resin). The fibers are classified into carbon, glass, aramid and others (including boron and kevlar). Advanced polymer composites are classified by application as conductors, auto parts, tanks & pipes, aviation parts, boat building, wind blades and others (including sports goods). Advanced polymer composites are segmented by end user as electrical & electronics, automotive, energy, aerospace & aviation, consumer goods, marine and others (including building & construction and industrial).
The key drivers for the growth of Advanced Polymer Composites are high commercial aircraft demand and rising aviation fuel costs. The expanding application of advanced polymer composites in the wind energy sector will also help to fuel the market. The key constraints for this market are high production costs of carbon fiber. The players in the global advanced polymer composites market will be benefited by the opportunity presented by the automobile sector increasing its demand for advanced polymer composites during the forecast period.
North America is the largest market for Advanced Polymer Composites followed by Europe and Asia Pacific. It is due to presence of several aircraft makers in North America. The Asia Pacific advanced polymer composites market is expected to grow at the fastest growth in the forecast period due to the rising demand from its end-use industries. The key companies operating in the global advanced polymer composites market are Owens Corning, Cristex, SGL Carbon, Solvay, Mitsubishi Rayon, Toray Industries, Cytec Industries, Hexcel, BASF, and Arkema.
Decision Databases is involved in providing research reports and company profiles in the global advanced polymer composites market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The advanced polymer composites market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our advanced polymer composites profiles.
SEGMENTATIONS IN REPORT:
Advanced Polymer Composites By Raw Material
1. INTRODUCTION TO THE ADVANCED POLYMER COMPOSITES MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF ADVANCED POLYMER COMPOSITES
4. ADVANCED POLYMER COMPOSITES MARKET ANALYSIS BY RAW MATERIAL
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