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Market Research Report

Advanced Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Published by IMARC Services Private Limited Product code 821316
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Advanced Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
Published: April 8, 2019 Content info: 104 Pages
Description

The global advanced composites market is currently experiencing strong growth. Advanced composites are high-performance materials that possess superior mechanical resistance along with strength and stiffness. These composites are light in weight and have excellent dimensional stability, and thermal and electrical conductivity. Advanced composites are widely employed across verticals like aerospace, automobile, construction, sports and military. As these composites are used for manufacturing blades for wind turbines, an increase in the number of wind power stations around the world has also propelled the sales of advanced composites. Looking forward, IMARC Group expects the market to grow at a CAGR of around 9% during 2019-2024.

Global Advanced Composites Market Drivers:

In the aerospace industry, reducing the weight of an aircraft is essential for enhancing its performance and fuel efficiency. As advanced composites are highly durable, have low density and are resistant to chemical corrosion, they are rapidly substituting traditionally used metals for manufacturing aeronautical and aircraft components such as rudders, wings, elaborators, floor beams, landing gear and engine nacelles. These composites are also replacing alloys and metals in the automotive sector. This, coupled with the rising demand for high-performance luxury vehicles, is boosting the growth of the market across the globe. Further, advanced polymer composites, such as HexPly and HexMC, are now being utilized in the production of sports equipment like snowboards, golf shafts, tennis racquets and surfboard fins. Inflating disposable incomes and a rising number of sports enthusiasts are creating strong demand for good quality sports equipment, thereby providing a thrust to the market growth.

Report Coverage

Historical, Current and Future Market Trends

Breakup by Resin Type:

  • Advanced Thermosetting Composites
  • Advanced Thermoplastic Composites

Breakup by Type of Fiber:

  • Glass
  • Carbon
  • Aramid

Glass currently represents the biggest segment

Breakup by Manufacturing Process:

  • Hand Layup/Spray Layup
  • AFP and ATL
  • Filament Winding
  • Injection Molding
  • Pultrusion
  • Compression Molding
  • RTM/VARTM
  • Others

Breakup by Application:

  • Aerospace and Aviation
  • Automotive
  • Energy
  • Electronics
  • Marine
  • Others

The aerospace and aviation sector currently represents the largest application area.

Regional Insights:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

North America currently represents the largest market

Competitive Landscape

The report has also analysed the Competitive Landscape of the market with some of the key players being Arkema S.A., BASF SE, Hexcel Corporation, Cytec Industries Inc., Koninklijke Ten Cate N.V., TPI Composites Inc., Toray Industries Inc.., Mitsubishi Rayon Co. Ltd, Teijin Limited., Hexion, SGL Carbon SE, 3B-Fibreglass sprl, Owens Corning Corporation, Huntsman International, LLC, Solvay S.A., Kemrock Industries and Exports Limited, E. I. Du Pont Nemours & Co., Cristex Ltd, etc.

Key Questions Answered in This Report:

  • How has the global advanced composites market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global advanced composites industry?
  • What is the breakup of the global advanced composites market based on the resin type?
  • What is the breakup of the global advanced composites market based on the type of fiber?
  • What is the breakup of the global advanced composites market based on the manufacturing process?
  • What is the breakup of the global advanced composites market based on the application?
  • What are the various stages in the value chain of the global advanced composites market?
  • What are the key driving factors and challenges in the global advanced composites market?
  • What is the structure of the global advanced composites market and who are the key players?
  • What is the degree of competition in the global advanced composites market?
Table of Contents
Product Code: SR1018F21_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Advanced Composites Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Market Breakup by Resin Type
  • 5.4 Market Breakup by Type of Fiber
  • 5.5 Market Breakup by Manufacturing Process
  • 5.6 Market Breakup by Application
  • 5.7 Market Breakup by Region
  • 5.8 Market Forecast

6 Market Breakup by Resin Type

  • 6.1 Advanced Thermosetting Composites
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Advanced Thermoplastic Composites
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Type of Fiber

  • 7.1 Glass
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Carbon
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Aramid
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Manufacturing Process

  • 8.1 Hand Layup/Spray Layup
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 AFP and ATL
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Filament Winding
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Injection Molding
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Pultrusion
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Compression Molding
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 RTM/VARTM
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast
  • 8.8 Others
    • 8.8.1 Market Trends
    • 8.8.2 Market Forecast

9 Market Breakup by Application

  • 9.1 Aerospace and Aviation
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Automotive
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Energy
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Electronics
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Marine
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast
  • 9.6 Others
    • 9.6.1 Market Trends
    • 9.6.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Europe
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast
  • 10.3 Asia Pacific
    • 10.3.1 Market Trends
    • 10.3.2 Market Forecast
  • 10.4 Middle East and Africa
    • 10.4.1 Market Trends
    • 10.4.2 Market Forecast
  • 10.5 Latin America
    • 10.5.1 Market Trends
    • 10.5.2 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

  • 14.1 Price Indicators
  • 14.2 Price Structure
  • 14.3 Margin Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 Arkema S.A.
    • 15.3.2 BASF SE
    • 15.3.3 Hexcel Corporation
    • 15.3.4 Cytec Industries Inc.
    • 15.3.5 Koninklijke Ten Cate N.V.
    • 15.3.6 TPI Composites Inc.
    • 15.3.7 Toray Industries Inc..
    • 15.3.8 Mitsubishi Rayon Co. Ltd
    • 15.3.9 Teijin Limited.
    • 15.3.10 Hexion
    • 15.3.11 SGL Carbon SE
    • 15.3.12 3B-Fibreglass sprl
    • 15.3.13 Owens Corning Corporation
    • 15.3.14 Huntsman International, LLC
    • 15.3.15 Solvay S.A.
    • 15.3.16 Kemrock Industries and Exports Limited
    • 15.3.17 E. I. Du Pont Nemours & Co.
    • 15.3.18 Cristex Ltd

List of Figures

  • Figure 1: Global: Advanced Composites Market: Major Drivers and Challenges
  • Figure 2: Global: Advanced Composites Market: Sales Value (in Billion US$), 2013-2018
  • Figure 3: Global: Advanced Composites Market: Breakup by Resin Type (in %), 2018
  • Figure 4: Global: Advanced Composites Market: Breakup by Type of Fiber (in %), 2018
  • Figure 5: Global: Advanced Composites Market: Breakup by Manufacturing Process (in %), 2018
  • Figure 6: Global: Advanced Composites Market: Breakup by Application (in %), 2018
  • Figure 7: Global: Advanced Composites Market: Breakup by Region (in %), 2018
  • Figure 8:Global: Advanced Composites Industry: SWOT Analysis
  • Figure 9:Global: Advanced Composites Industry: Value Chain Analysis
  • Figure 10:Global: Advanced Composites Industry: Porter's Five Forces Analysis
  • Figure 11: Advanced Composites Manufacturing: Process Flow
  • Figure 12: Global: Advanced Composites Market Forecast: Sales Value (in Billion US$), 2019-2024
  • Figure 13: Global: Advanced Composites (Advanced Thermosetting Composites) Market: Sales Value (in Million US$), 2013-2018
  • Figure 14: Global: Advanced Composites (Advanced Thermosetting Composites) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 15: Global: Advanced Composites (Advanced Thermoplastic Composites) Market: Sales Value (in Million US$), 2013-2018
  • Figure 16: Global: Advanced Composites (Advanced Thermoplastic Composites) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 17: Global: Advanced Composites (Glass) Market: Sales Value (in Million US$), 2013-2018
  • Figure 18: Global: Advanced Composites (Glass) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 19: Global: Advanced Composites (Carbon) Market: Sales Value (in Million US$), 2013-2018
  • Figure 20: Global: Advanced Composites (Carbon) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 21: Global: Advanced Composites (Aramid) Market: Sales Value (in Million US$), 2013-2018
  • Figure 22: Global: Advanced Composites (Aramid) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 23: Global: Advanced Composites (Hand Layup/Spray Layup) Market: Sales Value (in Million US$), 2013-2018
  • Figure 24: Global: Advanced Composites (Hand Layup/Spray Layup) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 25: Global: Advanced Composites (AFP and ATL) Market: Sales Value (in Million US$), 2013-2018
  • Figure 26: Global: Advanced Composites (AFP and ATL) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 27: Global: Advanced Composites (Filament Winding) Market: Sales Value (in Million US$), 2013-2018
  • Figure 28: Global: Advanced Composites (Filament Winding) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 29: Global: Advanced Composites (Injection Molding) Market: Sales Value (in Million US$), 2013-2018
  • Figure 30: Global: Advanced Composites (Injection Molding) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 31: Global: Advanced Composites (Pultrusion) Market: Sales Value (in Million US$), 2013-2018
  • Figure 32: Global: Advanced Composites (Pultrusion) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 33: Global: Advanced Composites (Compression Molding) Market: Sales Value (in Million US$), 2013-2018
  • Figure 34: Global: Advanced Composites (Compression Molding) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 33: Global: Advanced Composites (RTM/VARTM) Market: Sales Value (in Million US$), 2013-2018
  • Figure 34: Global: Advanced Composites (RTM/VARTM) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 35: Global: Advanced Composites (Others) Market: Sales Value (in Million US$), 2013-2018
  • Figure 36: Global: Advanced Composites (Others) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 37: Global: Advanced Composites (Aerospace and Aviation) Market: Sales Value (in Million US$), 2013-2018
  • Figure 38: Global: Advanced Composites (Aerospace and Aviation) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 39: Global: Advanced Composites (Automotive) Market: Sales Value (in Million US$), 2013-2018
  • Figure 40: Global: Advanced Composites (Automotive) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 41: Global: Advanced Composites (Energy) Market: Sales Value (in Million US$), 2013-2018
  • Figure 42: Global: Advanced Composites (Energy) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 43: Global: Advanced Composites (Electronics) Market: Sales Value (in Million US$), 2013-2018
  • Figure 44: Global: Advanced Composites (Electronics) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 45: Global: Advanced Composites (Marine) Market: Sales Value (in Million US$), 2013-2018
  • Figure 46: Global: Advanced Composites (Marine) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 47: Global: Advanced Composites (Others) Market: Sales Value (in Million US$), 2013-2018
  • Figure 48: Global: Advanced Composites (Others) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 49: North America: Advanced Composites Market: Sales Value (in Million US$), 2013-2018
  • Figure 50: North America: Advanced Composites Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 51: Europe: Advanced Composites Market: Sales Value (in Million US$), 2013-2018
  • Figure 52: Europe: Advanced Composites Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 53: Asia Pacific: Advanced Composites Market: Sales Value (in Million US$), 2013-2018
  • Figure 54: Asia Pacific: Advanced Composites Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 55: Middle East and Africa: Advanced Composites Market: Sales Value (in Million US$), 2013-2018
  • Figure 56: Middle East and Africa: Advanced Composites Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 57:Latin America: Advanced Composites Market: Sales Value (in Million US$), 2013-2018
  • Figure 58:Latin America: Advanced Composites Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

  • Table 1: Global: Advanced Composites Market: Key Industry Highlights, 2018 and 2024
  • Table 2: Global: Advanced Composites Market Forecast: Breakup by Resin Type (in Million US$), 2019-2024
  • Table 3: Global: Advanced Composites Market Forecast: Breakup by Type of Fiber (in Million US$), 2019-2024
  • Table 4: Global: Advanced Composites Market Forecast: Breakup by Manufacturing Process (in Million US$), 2019-2024
  • Table 5: Global: Advanced Composites Market Forecast: Breakup by Application (in Million US$), 2019-2024
  • Table 6: Global: Advanced Composites Market Forecast: Breakup by Region (in Million US$), 2019-2024
  • Table 7: Global: Advanced Composites Market Structure
  • Table 8: Global: Advanced Composites Market: Key Players
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