Press release
9High-Performance Composites Market Global Demand, Size, Share, Industry Trend, Top Key Players Review, Business Strategy and Regional Forecast 2019 to 2023
High-Performance Composites Market, High-Performance Composites Industry, High-Performance Composites Business
High-performance composites materials are a combination of at least two different constituents. Due to its unique combination high performance composites have superior properties such as greater stiffness, strength and thermal conductivity. It comprises of a thermoplastic resin and matrix reinforced by fibers. Compared to conventional materials such as metal and alloys, high performance composites have lighter, stronger, and stiffer attributes. Furthermore, these composites can be customized to exhibit high electrical or thermal conductivity, sensor capabilities, and stealth characteristic.
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High-Performance Composites Market Competitive Analysis:
The leading players in the global high-performance composites market are;
• SABIC (Saudi Arabia)
• BASF SE (Germany)
• Owens Corning (US)
• Solvay (Belgium)
• TPI Composites (US)
• TEIJIN LIMITED (Japan)
• Huntsman International LLC (US)
• SGL Group (Germany)
• Hexcel Corporation (US)
• TORAY INDUSTRIES, INC. (Japan)
• Albany International Corporation (US)
• Arkema (France)
• ARGOSY INTERNATIONAL (US)
• Northrop Grumman Corporation (US)
• 3M (US)
High-Performance Composites Market Regional Analysis:
North America contributes the largest share in the global high-performance market due to the US government directive to enhance fuel efficiency for new automotive to about 54.6 miles per gallon by the end of 2025 which has increased the usage of high-performance composites. Asia-Pacific is significantly growing with healthy CAGR owing to robust demand for fuel efficient and lightweight composite materials in the automotive and aerospace industries.
The regional market in Europe is projected to grow with healthy CAGR owing to the presence of large number of automotive parts manufacturers in the region. Advancement in technology in the field of vehicles aesthetical design and speed is increasing the demand for high-performance composites in automotive industries.
High-Performance Composites Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of High-Performance Composites Market
High-Performance Composites Market Table of Content to be Continue…….,
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