Researchmoz throws some in-depth light on the size, trends, opportunities, drivers, restraints, and competitive edge of the advanced composites market during the forecast period 2017 to 2022.
The advanced composites market is expected to expand at a CAGR of 10.89% during the above-mentioned forecast period.
The rising demand for commercial flights and fighter jets is expected to boost the growth of the global advanced composites market.
Some of the factors that may hinder the growth of the advanced composites market include-
The stringent regulations and climate change may hamper the growth of the advanced composites market during the forecast period.
However, restraints aside, the global advance composite market is expected to thrive due to the increasing demand for renewable energy across regions.
Competitive Landscape
The global advanced composites market is highly competitive due to the presence of many prominent players.
Many players are turning their focus towards product development for the aerospace and defence sectors, owing to their substantial growth and increasing demand for fighter planes, commercial planes, and other safety vehicles.
Further, these key players are adopting strategies such as new product development, and collaborations in order to penetrate into the international market.
Some of the existing prominent players in the global advanced composites market include-
Honeywell International Inc
Hexcel Corporation
BASF SE
Honeywell International Inc.
DuPont
HYOSUNG CHEMICAL
SGL Carbon
Molded Fiber Glass Companies
Advanced Composites Inc
Formosa Plastics Corporation
Renegade Materials Corporation
First COMPOSITES GmbH
ATLAS COMPOSITE TECHNOLOGIES
Product Types Disposition (Revenue in USD billion)
Carbon Fiber Composites
Aramid Fiber Composites
S- Glass Composites
Advanced Composites
Others
End-User Disposition (Revenue in USD billion)
Aerospace & Defense
Automotive
Construction
Marine
Consumer Goods
Others
Resin Type Disposition (Revenue in USD billion)
Advanced Thermosetting Composites
Advanced Thermoplastic Composites
Manufacturing Process Disposition (Revenue in USD billion)
AFP/ATL
Compression Molding Process
Hand Layup/ Spray Layup Process
Resin Transfer Molding Process
Filament Winding Process
Injection Molding Process
Pultrusion Process
Others
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