Advanced Polymer Composites Market Insights, Opportunity, Analysis, & Forecast 2020 – 2026

The global advanced polymer composites market is anticipated to expand at a considerable CAGR during the forecast period, 2020 – 2026. The growth of the market is attributed to the increasing demand for fuel-efficient and lightweight vehicles.

Advanced polymer composites are heterogeneous compounds formed by combining different components, such as a polymer matrix, high-performance fibers, and additives. These compounds are likely to perform better on macroscopic range owing to the synergistic effects it possesses. The mechanical properties such as strength and coefficient are determined by the physical properties of individual fibers it consists. Moreover, these fibers are connected by polymer matrix and protect them from environmental degradation and corrosion. Advanced polymer composites display properties such as stiffness, excellent fatigue, high strength, and abrasion resistance.

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Market Trends, Drivers, Restraints, and Opportunities:

• The cost of manufacturing advanced polymer composites is high, thereby, impeding the market.
• The process of manufacturing advanced polymer composites is tedious which hampers the market.
• The demand for advanced polymer composites is increasing from the aerospace industry; thus, propelling the market.
• Wind energy industry utilize the composites in wind blades manufacturing increase in the number of windmill installations increases the demand for advanced polymer composites; thereby, boosting the market.
• Increased emphasis on using renewable resources for energy generation drives the market.
• Composite materials are used in manufacturing aeronautical & aircraft constituents such as heat exchangers, chemical reaction vessels, and turbine blades; therefore, boosting the market.
• Advanced polymer composites are used as the substitutes for metals such as titanium, steel, and aluminum owing to its lighter weight and better resistance towards chemical corrosion.
• Advanced composite materials exhibit higher durability, structural rigidity and material strength compared to other composite materials, thus gaining competitive edge in terms of its application.
• Developments in energy sector are propelling the market.
• The demand for advanced polymer composites is increasing due to the emergence of electric cars; hence boosts the market.

Competitive Landscape

Major players in the global advanced polymer composites market are Owens Corning Corp., Hexcel Corp., Arkema S.A., SGL Carbon SE, Cytec Industries, BASF SE, Solvay S.A., and TPI Composites.

Segments Covered in the Report

The global advanced polymer composites market has been segmented on the basis of

By Raw Materials:

Fibers

• Aramid Fiber
• Glass Fiber
• Boron Fiber
• Kevlar Fiber
• Carbon Fiber

Resins

• Phenolic Resin
• Epoxy Resin
• Polyacrylic Resin
• Polyester Resin

By End-Users:

• Automotive
• Electrical and Electronics
• Consumer Goods
• Marine
• Energy
• Building
• Aerospace and Aviation
• Recreational activities
• Sports
• Emergency Services

By Regions:

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

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The following is the TOC of the report:

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Advanced Polymer Composites Market Overview

4.1. Introduction

4.1.1. Market Taxonomy

4.1.2. Market Definition

4.2. Macro-Economic Factors

4.2.1. Industry Outlook

4.3. Advanced Polymer Composites Market Dynamics

4.3.1. Market Drivers

4.3.2. Market Restraints

4.3.3. Opportunity

4.3.4. Market Trends

4.4. Advanced Polymer Composites Market – Supply Chain

4.5. Global Advanced Polymer Composites Market Forecast

4.5.1. Advanced Polymer Composites Market Size (US$ Mn) and Y-o-Y Growth

4.5.2. Advanced Polymer Composites Market Size (000? Units) and Y-o-Y Growth

4.5.3. Advanced Polymer Composites Market Absolute $ Opportunity

5. Global Advanced Polymer Composites Market Analysis and Forecast by Type

5.1. Market Trends

5.2. Introduction

5.2.1. Basis Point Share (BPS) Analysis by Type

5.2.2. Y-o-Y Growth Projections by Type

5.3. Advanced Polymer Composites Market Size and Volume Forecast by Type

5.3.1. Carbon

5.3.2. Glass

5.3.3. Aramid

5.4. Absolute $ Opportunity Assessment by Type

5.5. Market Attractiveness/Growth Potential Analysis by Type

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