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    Advanced Composites Market Size, Share & Forecast | Covid-19 Impact Analysis

    Advanced Composites Market Size, Share & Forecast | Covid-19 Impact Analysis

    Advanced Composites Market Size, Share & Forecast | Covid-19 Impact Analysis
    Report code - SRAM327 Delivery - 2 Weeks
    Advanced Composites Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Advanced Composites Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Advanced Composites Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Advanced Composites Market Insights

    Advanced composites market is likely to witness an impressive CAGR of 10.6% during the forecast period. The prime factor that is contributing to the growth of the advanced composites market is mainly the surging demand for composites from the rapidly expanding aerospace & defense and automotive industries, along with increasing usage of lightweight materials in sports, consumer electronics, and vehicles. Properties such as, high strength and reduced weight offered by advanced composites are the major factors behind the increasing penetration of advanced composites in the aerospace & defense, marine, sporting goods, transportation, and wind energy industries.

    Advanced Composites Market - Snapshot

    Growth

    10.6% for the next five years

    Major Fiber Type

    Carbo Fiber

    Dominant End-Use Industry Type

    Aerospace & Defense

    Region with the highest demand

    North America

    Key Players

    Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, SGL Group, Koninklijke Ten Cate BV., Huntsman International, LLC., Solvay S.A., Hexcel Corporation, Hexion Inc., and DuPont de Nemours, Inc.

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    Market Share Analysis

    Advanced Composites Market Share: By Fiber Type

    Based on the fiber type, the market is segmented as carbon fiber, aramid fiber, s-glass fiber, and others. The carbon fiber segment held the largest share of the market in 2019, and is expected to register the fastest growth during the forecast period. The growth of the segment is mainly driven by its excellent benefits such as high tensile strength, high stiffness, low weight, high chemical resistance, high temperature tolerance and low thermal expansion.

    Advanced Composites Market Share: By End-Use Industry Type

    Based on the end-use industry type, the advanced composites market is segmented as transportation, aerospace & defense, wind energy, sporting goods, electrical & electronics, civil engineering, pipes & tanks, medical, marine, and others. The aerospace & defense segment dominates the market, owing to the increasing demand for advanced composites for a wide array of aerospace applications such as air wings, rudders, and landing gears for developing lightweight and fuel-efficient aircraft.

    Advanced Composites Market Share: By Region

    In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA, Canada, and Mexico being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the growing consumption of advanced composites in various applications such as aerospace & defense, wind energy, and transportation. The growth of the USA’s advanced composites market is attributed to the establishment of a number of new carbon fiber production plants in the country and increased investments by various Europe-based companies dealing in the aerospace & defense, wind energy, and transportation industries.

    Some of the major players in the advanced composites market are

    • Toray Industries, Inc.
    • Teijin Limited
    • Mitsubishi Chemical Holdings Corporation
    • SGL Group
    • Koninklijke Ten Cate BV.
    • Huntsman International, LLC.
    • Solvay S.A.
    • Hexcel Corporation
    • Hexion Inc.
    • DuPont de Nemours, Inc.

     

    Market Scope & Segmentation

    Advanced composites are the materials that are composed of more than two constituent elements owning different chemical or physical properties. Advanced composite is often known as polymer matrix. These composites show extraordinary properties such as high strength fibers with high stiffness, elasticity, temperature and chemical resistance, stability in dimension, etc. and are widely used for replacing the metal components in the aerospace industry.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Advanced Composites Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The advanced composites market is segmented into the following categories. 

    Advanced Composites Market Size, Share, & Forecast, by Fiber Type:

    • Carbon Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aramid Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • S-Glass Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Advanced Composites Market Size, Share, & Forecast, by Resin Type:

    • Thermosetting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermoplastic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Advanced Composites Market Size, Share, & Forecast, by Manufacturing Process Type:

    • Hand Layup/ Spray Layup (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • AFP/ATL (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Filament Winding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pultrusion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Compression Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • RTM/VARTM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Advanced Composites Market Size, Share, & Forecast, by End-Use Industry Type:

    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sporting Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Civil Engineering (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pipes & Tanks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Advanced Composites Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the fiber types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Advanced Composites Market in the foreseeable Future?

    Driven by the factors like increasing usage of lightweight materials in sports, consumer electronics, and vehicles, the advanced composites market is expected to witness an impressive growth of 10.6% CAGR in the coming years.

    Which region/country is expected to remain the largest Advanced Composites market?

    North America is expected to remain the largest market for advanced composites.

    Who are the key players in the Advanced Composites Market?

    Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, SGL Group, Koninklijke Ten Cate BV., Huntsman International, LLC., Solvay S.A., Hexcel Corporation, Hexion Inc., and DuPont de Nemours, Inc. are among the key players in the advanced composites market.

    Which type of fiber is expected to register the fastest growth?

    Based on fiber type, carbon fiber segment is expected to register the fastest growth in the advanced composites market.

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