Global High Performance Composites Market, By Resin Type (High Performance Thermoset Composites, High Performance Thermoplastic Composites), Fiber Type (Carbon Fiber Composites, S-Glass Composites, Aramid Fiber Composites, Others), Manufacturing Process (Lay-Up Process, Compression Molding Process, Resin Transfer Molding Process, Other Processes), Application (Aerospace and Defense, Automotive, Pressure Vessels, Wind Turbines, Medical, Construction, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of High Performance Composites Market
The high performance composites market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 13806.8 million by 2028 and exhibit a CAGR of 6.10% in the above-mentioned forecast period.
High-performance composites are constructed from high-performance fibers such as carbon, glass, aramid, quartz, ultrahigh-molecular-weight polyethylene (UHWPE), ceramic, boron, and new fiber such as poly(p-phenylene benzobisthiazole) (PBO) fibers. These materials usually have tensile strength, high thermal conductivity and are light weight and are widely used in application such as automotive, wind turbines, medical, construction, and aerospace and defense.
The factors such as growing demand for glass and carbon fiber reinforced plastics in airbus aircraft and increasing usage of high performance composites in wind turbine blades are the root cause fueling up the high performance composites market growth rate. Additionally, the Growth in automobile industry and increasing sale of air craft impact the growth rate of the high performance composites market. However, the high raw material costs and fabrication and assembly costs derail growth of the high performance composites market.
Rising awareness about the advantages of the high performance composites as compared to their substitutes generate various opportunities for the market. The COVID-19 has hampered the supply chain across the globe, which pose as challenge for the market’s growth.
This high performance composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on high performance composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global High Performance Composites Market Scope and Market Size
The high performance composites market is segmented on the basis of resin type, fiber type, manufacturing and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin type, the market is segmented into high performance thermoset composites and high performance thermoplastic composites. The high performance thermoset composites are further segmented into polyester, epoxy, phenolics, and cyanate esters. The high performance thermoplastic composites are segmented into polyether ether ketone and polyphenylene sulphide.
- On the basis of fiber type, the high performance composites market is segmented into carbon fiber composites, s-glass composites, aramid fiber composites, and others.
- On the basis of manufacturing, the high performance composites market is classified into lay-up process, compression molding process, resin transfer molding process and other processes.
- On the basis of application, the global high performance composites market is segmented into aerospace and defense, automotive, pressure vessels, wind turbines, medical, construction, and other. Aerospace and defense is further sub- segmented into commercial airliners, military aircraft, and defense.
High Performance Composites Market Country Level Analysis
The high performance composites market is analyzed and market size, volume information is provided by resin type, fiber type, manufacturing and application as referenced above.
The countries covered in the high performance composites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is estimated to dominate the high performance composites market owing to the favorable regulations encouraging their application in various industries during the forecast period within the region. North America, on the other hand, will continue to however show lucrative growth within the forecast period owing to the e presence of major automobile players.
The country section of the high performance composites market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and High Performance Composites Market Share Analysis
The high performance composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to high performance composites market.
The major players covered in the high performance composites market report are TORAY INDUSTRIES, INC, SGL Carbon, TPI Composites, Solvay, Hexcel Corporation., Owens Corning, TEIJIN LIMITED, BASF SE, Arkema, AGY, Huntsman International LLC, Plasan Carbon Composites., Momentive, Formosa Korea, Mitsubishi Chemical Corporation., 3M, Moveero.., Crawford Composites, LLC, kinecogroup, SABIC, DuPont among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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