Advanced Composites Market 2021| Regional Study of Top Players, Growth rate, Application and Forecasts by 2028

Advanced composites are materials characterized by high strength and stiffness. These materials are known as advanced composite materials (ACM) in comparison to the composite materials commonly used such as concrete or reinforced concrete. Advanced composites exhibit excellent physical and chemical properties such as lightweight along with high elasticity. Advanced composite materials have a broad range of applications, in the aircraft, aerospace and sports equipment sectors. More specifically advanced composite are mostly used for aerospace structural parts. For example, aramid fibers are widely used for constructing leading and trailing edge wing components and very stiff, very light bulkhead, fuel tanks and floors.

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The global advanced composites market is growing at a significant pace owing to driving factors such as rising demand of carbon fiber and s-glass fiber composites in the aerospace & defense industry and higher demand carbon fiber composites in new end-use industries such as civil engineering, medical and pipes & tanks. Moreover, industrialization in emerging market such as China, India and Japan further propel the growth of the advanced composites market. Rising demand for environmentally safe specialty products is expected to drive the demand for advanced composites in the construction segment. However, the high cost of advanced composites and the availability of a substitute in the market is anticipated to hamper the growth of the market.

"Global Advanced Composites Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the advanced composites market with detailed market segmentation by fiber type, resin type, end-user industry, manufacturing process and geography. The global advanced composites market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading advanced composites market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global advanced composites market is segmented on the basis of fiber type, resin type, end-user industry and manufacturing process. On the basis of fiber type, the advanced composites market is segmented into, carbon fiber composites, aramid fiber composites, S-glass composites and Others. Based on resin type, the market is classified into, advanced thermosetting composites and advanced thermoplastic composites. Based on end-user industry, the global advanced composites market is segmented into, aerospace & defense, automotive, construction, marine, consumer goods and others. On the basis of manufacturing process. The advanced composites market is bifurcated into, AFP/ATL, compression molding process, hand layup/spray layup process, resin transfer molding process, filament winding process, injection molding process, pultrusion process and others.

Impacts of Covid-19 on the Market

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘advanced composites market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of COVID -19 Situation.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global advanced composites market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The advanced composites market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the advanced composites market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the advanced composites market in these regions.

TOP PLAYERS

1.BASF SE
2.Hexcel Corporation
3.Hexion
4.Honeywell International Inc.
5.Huntsman International LLC
6.Mitsubishi Chemical Holdings Corporation
7.SGL Carbon
8.Solvay
9.Teijin Limited
10.Toray Industries, Inc.

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This release was published on openPR.