Global Advanced Composites Market is Expected to Grow at 7.5% in the Forecast Period of 2021 to 2028

The Advanced Composites Industry will relinquish an approximated estimate at a frequency of 7.5% for the projection space of 2021 to 2028 with factor such as increasing applications of advanced composites in aerospace and defense.   

The advanced composites market is growing with factors such as an escalation in demand for lightweight and exceedingly durable materials in the aerospace and automotive industries. High electrical resistance and flame retardation capabilities enable it to widely preferred in electrical and electronics sectors along with this, strict environmental laws and tremendous landfill waste generation, complex and non-standardized manufacturing processes may obstruct the growth of the advanced composites market in the given forecast period.

Advanced Composites Market Scenario

According to Data Bridge Market Research, the market for advanced composites in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is Henkel AG & Co. KGaA which accounts an estimated market share of approximately 10% to 15% globally. The company has gained outstanding sale through providing products that are used in advanced composites.     

  • In November 2020, BASF SE announced that the joint venture between it and Petronas chemicals group Berhad is pointing towards long term growth. This development helps the company to increase the revenue and production capacity.

Advanced Composites MarketTrends Impacting the Advanced Composites Market

Now the question is which other regions Henkel AG & Co. KGaA, Honeywell International Inc. and BASF SE are targeting? Data Bridge Market Research has estimated a large growth in North America advanced composites market and the market leaders targeting the U.S. and Canada to be their next revenue pockets for 2021.        

The advanced composites market is becoming more competitive every year with companies such as Henkel AG & Co. KGaA, Honeywell International Inc. and BASF SE as they are the market leaders for advanced composites. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the advanced composites market.     

For more analysis on the advanced composites market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-advanced-composite-market

Advanced Composites Market Development

  • In December 2020, Henkel AG & Co. KGaA has launched around 700 million PET bottles for laundry and home care which are 100% recyclable. This have strengthened its ties with plastic bank and helped in reducing its carbon foot print.

Scopes of the Advanced Composites Market

Global advanced composites market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and rest of Middle East and Africa.    

  • All country based analysis of advanced composites market is further analyzed based on further segmentation. On the basis of type, the advanced composites market is segmented into carbon fiber composites, S-glass composites, aramid fiber composites and others. On the basis of resin, the advanced composites market is segmented into advanced thermoplastic and advanced thermosetting. On the basis of manufacturing process, the advanced composites market is segmented into automated tape laying (ATL) and automated fiber placement (AFP), hand layup/spray layup, compression molding, resin transfer molding (RTM), injection molding, filament winding and others. On the basis of end-user, the advanced composites market is segmented into aerospace and defense, energy and power, automotive, sports equipment, civil engineering, electrical and electronics, healthcare and others.

To know more about the study https://www.databridgemarketresearch.com/reports/global-advanced-composite-market

Key Pointers Covered in Advanced Composites Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Major Players Analysis on the basis of Material Manufacturers and Composite Structure Manufacturers
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study
  • Impact of COVID-19 in the Market

Key Market Competitors Covered in the Report

  • TORAY INDUSTRIES, INC
  • TEIJIN LIMITED
  • Mitsubishi Chemical Holdings Corporation
  • Koninklijke Ten Cate bv.
  • Huntsman International LLC
  • Solvay
  • Hexcel Corporation
  • Hexion
  • BASF SE
  • DuPont
  • Honeywell International Inc.
  • Henkel AG & Co. KGaA
  • SGL Carbon
  • HYOSUNG CHEMICAL
  • Owens Corning
  • Formosa Plastics Corporation
  • Strata Manufacturing PJSC
  • Renegade Materials Corporation
  • Advanced Composites Inc
  • Airborne
  • Core Composites
  • Molded Fiber Glass Companies
  • MasterMold, LLC
  • Continental Structural Plastics Inc.
  • First COMPOSITES GmbH
  • ATLAS COMPOSITE TECHNOLOGIES
  • Performance Composites Inc.
  • RECAERO S.A.S.
  • Bercella s.r.l.
  • SMI Composites, LLC
  • Composite & Metal Products USA, Inc.
  • Cogumelo
  • Veplas d.d.
  • Norco Composites & GRP
  • COTESA GMBH
  • EPSILON Composite
  • 3A Composites Holding AG (a subsidiary of  Schweiter Technologies)
  • STS Group AG
  • Plastic Omnium
  • LyondellBasell Industries Holdings B.V.
  • Hanwha Solutions
  • R3 Composites Inc.
  • Georg Fritzmeier GmbH & Co. KG
  • TERMA

Above are the key players covered in the report, to know about more and exhaustive list of advanced composites companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-advanced-composite-market

Research Methodology: Global Advanced Composites Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

 

Primary Respondents

  • Demand Side: Manufacturers, Distributors and Industrial Professionals
  • Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.

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