The report on the Global Advanced Polymer Composites Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
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
- Arkema
SEGMENTATIONS IN REPORT:
Advanced Polymer Composites By Raw Material
- Resin
- Epoxy Resin
- Phenolic Resin
- Polyester Resin
- Others (Including Polyacrylic Resin)
- Fiber
- Carbon
- Glass
- Aramid
- Others (Including Boron And Kevlar)
Advanced Polymer Composites By Application
- Conductors
- Auto Parts
- Tanks & Pipes
- Aviation Parts
- Boat Building
- Wind Blades
- Others (Including Sports Goods)
Advanced Polymer Composites By End-User
- Electrical & Electronics
- Automotive
- Energy
- Aerospace & Aviation
- Consumer Goods
- Marine
- Others (Including Building & Construction And Industrial)
Advanced Polymer Composites By Geography
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Advanced Polymer Composites Market has been exhibited in detail in the following chapters -
Chapter 1 Advanced Polymer Composites Market Preface
Chapter 2 Executive Summary
Chapter 3 Advanced Polymer Composites Industry Analysis
Chapter 4 Advanced Polymer Composites Market Value Chain Analysis
Chapter 5 Advanced Polymer Composites Market Analysis By Raw Material
Chapter 6 Advanced Polymer Composites Market Analysis By Application
Chapter 7 Advanced Polymer Composites Market Analysis By End-User
Chapter 8 Advanced Polymer Composites Market Analysis By Geography
Chapter 9 Competitive Landscape Of Advanced Polymer Composites Companies
Chapter 10 Company Profiles Of Advanced Polymer Composites Industry