Felton, 10 December
2019 - This report provides in depth study of “Advanced Composites Market” using
SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the
organization. The Advanced Composites
Market report also provides an in-depth survey of top key players in the
market which is based on the various objectives of an organization such as
profiling, the product outline, the quantity of production, required raw
material, and the financial health of the organization.
This report includes market status and forecast of global
and major regions, with introduction of vendors, regions, product types and end
industries; and this report counts product types and end industries in global
and major regions.
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Market Segment:
Advanced Composites
Product Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)
• Aramid
• Carbon
• Glass
Advanced Composites
Application Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)
• Aramid
• Carbon
• Glass
The global advanced composites market is expected to value
41.20 billion by 2024. The market is driven by factors such as increasing use
of advanced composites for aerospace & defence, transportation, sporting
goods and energy industries. In addition, the market is regulated on the
account of their characteristics. The market witnesses several opportunities in
form of extensive use of aramid for production of optical fibers, rubber
reinforcements, and safety clothing. However, stringent laws and regulations
are expected to create hindrance in the market during the forecast period.
Overall, the advanced composites market in the global scenario is anticipated
to witness a CAGR of 8.6%.
Advanced composites industry is segmented based on fiber
type, resin type, manufacturing process, and region. Fiber type for this market
size includes aramid fiber composites, carbon fiber composite, and S-glass
fiber composite. Resin type fiber for the market share is further segmented
into advanced thermosetting composites and advanced thermoplastic composites.
Manufacturing process for the market share includes hand layup/spray layup,
filament winding, injection molding, pultrusion, compression molding, and
RTM/VARTM.
North American advanced composites industry is expected to
gain a higher CAGR in the forthcoming period due to rise in value and volume.
Additional factors such as rising demand for renewable energy source are likely
to contribute to the market growth in the forthcoming period. European market
is likely to gain a significant CAGR in the forthcoming period due to rising
use of application in automotive, wind turbine in aerospace and defense
industry.
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Major Key Points in
Table of Content
1 Market Definition
2 Global Market by Vendors
3 Global Market by Type
4 Global Market by End-Use / Application
5 Global Market by Regions
6 North America Market
7 Europe Market
8 Asia-Pacific Market
9 South America Market
10 Middle East & Africa Market
11 Market Forecast
12 Key Manufacturers
13 Price Overview
14 Research Conclusion
Continued….
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