Press release
Advanced Polymer Composites Market Global Trends 2017 to 2024, Future Growth & Industry Drivers
Global Market Insights has announced the addition of a new forecast research report "Advanced Polymer Composites Market Size By Product (Resin [Epoxy, Phenolic, Polyester], Fiber [Carbon, Glass, Aramid]), By Application (Conductors, Autoparts, Tanks & Pipes, Aviation Parts, Boat Building, Wind Blades), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".
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Drifting focus towards renewable sources for power generation will positively boost product demand for manufacturing blades used in wind energy plants. In addition, the global installed wind capacity is likely to observe growth more than 12% between 2016 and 2024, particularly due to decreasing fossil fuel dependency for energy generation. However, the advanced polymer composites market size is negatively influenced in the recent years on account of high product cost in comparison with prevailing counterparts in the business. For instance, steel price in 2015 was roughly USD 1 per kilo, whereas, carbon fiber price was close to USD 35 per kilo.
The Advanced Polymer Composites Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Advanced Polymer Composites Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
Source Report:
https://www.gminsights.com/industry-analysis/advanced-polymer-composites-market
4. Advanced Polymer Composites Market Product Insights
In 2015, resins accounted for the more than 35% of the global advanced polymer composites market share. Epoxy resins owing to high adhesive and water resistance properties are widely used in the boat building industry. In addition, high electric & flame resistance along with excellent mechanical strength makes them suitable to find widespread applications in electrical materials and metal bonding.
Fiber led the overall advanced polymer composites market size for 2015. Carbon fiber due to its outstanding tensile strength and modulus of rigidity is used in the automotive and aerospace industry. Glass fiber offers high characteristics such as transparency, chemical resistance, hardness and flexibility, which makes it for applications in tires & reinforced plastics, boat hulls & seats, furnishing fabrics, apparels, garments and exhaust nozzles.
5. Advanced Polymer Composites Market Application Insights
In 2015, global advanced polymer composites market size for aviation parts was more than 3.5 billion. Strong growth in the aerospace industry across the globe will stimulate product demand in the coming years. In addition, autoparts are likely to observe growth more than 7% over the estimated period. Escalating commercial and personal vehicle demand across the globe will positively influence the overall advanced polymer composites market size.
6. Advanced Polymer Composites Market Regional Insights
In 2015, North America advanced polymer composites market size was close to USD 3 billion. Drifting regional trend towards wind energy generation will positively influence of the product demand. Additionally, robust aerospace industry in the U.S. will complement regional growth by 2024. Asia Pacific is analyzed to be the fastest growing region in the coming. The region accounts for more than 35% of the global new aircraft demand, which is the major factor propelling regional growth.
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7. Competitor Profiles
In 2015, advanced polymer composites market share was fragmented with key industry contributors accounting for less than 20% of the business. Key companies participating in the advanced polymer composites market include BASF, Owens Corning, Arkema, Cristex, 3B-Fibreglass, Solvay, SGL Carbon, Toray Industries, Mitsubishi Rayon, Cytec, Hexcel and TPI Composites.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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