Press release
New Study on Polymer Matrix Composites Market : 2018 Global Industry Regions Analysis, Future Insights and Key Players oray Industries, Owens Corning, Teijin Limited, Hexcel Corporation, TPI Composites, Etc.
Polymer Matrix Composites
Polymer matrix composites due to its natural characteristics is expected to be the fastest growing market and widely used composites material across the various industries such as aerospace, automotive, sports goods, shipping industries etc.
Polymer Matrix Composites Market Taxonomy
On the basis of end-user industry, the global polymer matrix composites market is segmented into:
Aerospace Industry
Sporting Equipment Industry
Golf clubs
Tennis rackets
Squash rackets
Automotive Industry
Body panels
Drive shafts
Leaf springs
Reciprocating industrial machinery
Defense Industry
Military vehicles
Weapons
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The aerospace industry is expected to propel the growth of polymer matrix composites market in the near future due to its increasing use in manufacturing of fins of civil aircraft, planes in satellites, antennas, rocket motor casing, airframes of helicopters, fighter aircrafts and small aircrafts. Natural properties of polymer matrix composites has led to an increasing application of the same in healthcare and sports sectors.
Market Outlook – Rise in Aerospace Industry to Propel the Growth of Polymer Matrix Composites Market
North America accounted for the largest share in the global polymer matrix composites market in 2016, followed by Asia Pacific, poised to be the fastest growing market over the forecast period. Rapid technological growth and adaptation of polymer matrix composites in aerospace, medical, defense and automotive industries along with others are the main factors to drive the growth of the global market in the forecast period.
The aerospace industry is estimated to have the highest consumption of 50 percent of the polymer matrix composites in U.S. region. Recent growth in stealth technology and all weather operating aircrafts in defense industry are the major factors for the significant growth of polymer matrix composites in the global market. Defense and commercial transport aircraft is expected to be the second highest end-user industry for the consumption of polymer matrix composites due to constant increase in aerodynamic performance and manufacturing light weight planes.
Some of the key participating players in the polymer matrix composites market are Toray Industries, Owens Corning, Teijin Limited, Hexcel Corporation, TPI Composites, Inc, Faurecia, Performance Composites Inc., Enduro Composites, Inc., Kineco, Applied Poleramic. Inc., Hexagon Composites, Creative Composites Ltd., and Hitco Carbon Composites Inc.
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