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Advanced Polymer Composites Market 2024: Key Players 3B-Fibreglass sprl, Cristex Ltd, SGL Carbon SE, Kemrock Industries and Exports Limited

Advanced Polymer Composites Market 2024: Key Players

Robust growth in the aerospace industry, including both civil and commercial are prime factors stimulating advanced polymer composites market share in recent years. The product offers superior properties including strength and abrasion resistance, which makes it suitable to find applications in aircraft part manufacturing. In 2006, the overall revenue passenger kilometers (RPK) was more than 4 billion and is poised to exceed 15 billion RPK by 2033.

In addition, enormous backlogs in the aircraft manufacturing, reduced air fares and escalating air transportation industry will stimulate product demand by 2024. Global advanced polymer composites market size is also influenced by positive growth indicators from the end-user industries. Global vehicle manufacturing in 2013 was roughly around 87 million units and likely to surpass 130 million units over the projected timeframe. Socio economic factors such as improved lifestyles and increasing disposable income has substantially propelled the automotive sales across the globe.

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The product is widely used in autoparts manufacturing owing to its high mechanical strength accompanied with low weight and flexibility. It is used in manufacturing tires, body panels and windows.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. BASF SE
2. Arkema S.A.
3. Owens Corning Corporation
4. 3B-Fibreglass sprl
5. Cristex Ltd
6. Kemrock Industries and Exports Limited
7. Mitsubishi Rayon Co. Ltd.
8. TPI Composites Inc.
9. Hexcel Corporation
10. Cytec Industries Inc.
11. Koninklijke Ten Cate N.V.

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.

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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

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.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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