Advanced Polymer Composites Market Share and Growth | Advanced Polymer Composites Industry Demand in 2029
COVID-19 Impact -
Over the last few months, almost every industry globally has suffered a setback. There are a number of reasons for this, including severe disruptions in their respective manufacturing and supply-chain operations due to various precautionary lockdowns and other restrictions imposed by governments around the world. The global advanced polymer composites market is no exception. In addition, consumer demand has decreased due to the fact that people are now focusing on cutting non-essential expenses from their budgets as a result of the overall economic impact of the outbreak.
Over the forecast period, the aforementioned factors are likely to weigh on the industry's revenue trajectory. The market is likely to revive as respective government agencies begin to abolish these enforced lockdowns.
Get Sample PDF Brochure:
On the basis of product type, the market is bifurcated into fiber and resin. On the basis of application, the market is fragmented into boat building, aviation parts, wind blades, conductors, tanks & pipes, and aviation parts. Geographically, the market is classified into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Report Coverage -
The report delivers detailed information on the global advanced polymer composites market share, inclusive of the technological advancements, new product launches, regional growth, and key players adopting several strategies to maintain their presence and gain a leading edge in the market. Furthermore, the report consists of brief information about the COVID-19 impact on the industry.
Drivers & Restraints -
Rising Demand for Polymer Composites in Aerospace and Military Industries to Augment Market Growth
The market will be driven by rising demand from the aerospace and military industries. Advanced polymer composites are in high demand for high-performance aircraft parts such as floor beams, engine nacelles, wings, landing gear doors, collaborators, ailerons, and other components. Furthermore, the automotive industry's increased adoption of sophisticated polymer composites will considerably contribute to the advanced polymer composites market growth.
Reinforcement of polymers, on the other hand, necessitates the employment of high-end equipment, which raises the cost of manufacture. The market's expansion is projected to be hampered by high production costs.
Ask for Customization:
Regional Insights -
Strong Agricultural Presence in Asia Pacific to Make the Region a Dominant Market
North America is likely to dominate the market because of its vast aerospace consumer base. Asia Pacific is expected to grow rapidly due to the rising automobile manufacturing operations in the region. Due to increased demand from the automotive sector, Europe is likely to keep a substantial share. By the end of the projected period, Latin America and the Middle East & Africa would be experiencing slow development.
Prominent Players Focus on New Product Innovations to Garner Growth
The market for advanced composite materials is fragmented, with many local and global companies. Key players such as Toray Industries IncSGL Group, Teijin Limited, Kolon Industries Inc., Mitsubishi Chemical Carbon Fiber and Composites Inc., and others, are concentrating on new product innovations to enhance efficiency and longevity.
For instance, in August 2019, BASF and Toray Advanced Composites signed the supply agreement to bring innovative tape technology intended for the automotive sector.
June 2020: Solvay and Leonardo have agreed to a five-year supply arrangement in which Solvay would deliver a wide range of market-leading materials to Leonardo's Aerostructures, Aircraft, Helicopters, and Electronics businesses.
List of Key Players in the Market:
TPI Composites Inc.
Toray Industries Inc.
Owens Corning Corporation
Mitsubishi Rayon Co. Ltd
Inquire Before Buying This Report:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner -
Mahalunge Road, Baner, Pune-411045,
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
LinkedIn Facebook Twitter
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Advanced Polymer Composites Market Share and Growth | Advanced Polymer Composites Industry Demand in 2029 here
News-ID: 2594955 • Views: 665
More Releases from Fortune business insights
Bottle Filling Machine Market to Exhibit a Remarkable CAGR of 3.2% by 2026 | Top …
Fortune Business Insights Published the Latest Bottle Filling Machine Market 2023 Study by in-depth analysis of the current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the Bottle Filling Machine Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides
Loaders Market to Exhibit a Remarkable CAGR of 4.2% by 2026 | Top Key Players: H …
Fortune Business Insights Published the Latest Loaders Market 2023 Study by in-depth analysis of the current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the Loaders Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides an idea about various
Forestry Equipment Market to Exhibit a Remarkable CAGR of 4.1% by 2026 | Top Key …
Fortune Business Insights Published the Latest Forestry Equipment Market 2023 Study by in-depth analysis of the current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the Forestry Equipment Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides an idea
Residential Filters Market to Exhibit a Remarkable CAGR of 7.7% by 2028 | Top Ke …
Fortune Business Insights Published the Latest Residential Filters Market 2023 Study by in-depth analysis of the current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the Residential Filters Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides an idea
More Releases for Composites
Global Composites Core Materials Market Analysis 2020 3A Composites, BASF SE, Co …
The Composites Core Materials market study exhibits a comprehensive analysis of the historic, current, and future trends across the globe. The report comprises of definitions, classifications, product specifications, and market overview, manufacturing processes, cost structures, and raw material analysis. The Composites Core Materials market report provides the end-to-end analysis of this business vertical, and the detailed information about the industry, such as the market size, revenue, volume, market share, growth
Worldwide Rail Composites Market 2023 Key Players – Able Manufacturing & Assem …
MarketStudyReport.com offers 2018 report on global Rail Composites market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2023. This report focuses on the Rail Composites market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type
Composites Testing Market – Overview On Upcoming Need 2025 | Matrix Composites …
Global Composites Testing Market: Snapshot Composite testing is most commonly defined as the testing or analysis of composite materials. Composite and non-metallic materials, such as concrete, fiber-reinforced polymers, thermoplastic composites, shape memory polymer composites, high strain composites, metal matrix composites, ceramic matrix composites, sandwich-structured composite, and wood plastic composite, are becoming increasingly prevalent in various manufacturing applications. Since these materials are highly complex in structure, the need for their accurate and
Construction Composites Market 2018 Global players Trex Company, Diversified Str …
Growing construction activities in the emerging countries due to massive government investments to improve public infrastructure will boost the construction composites market size by 2025. For instance, in India USD 2.4 billion project is currently in progress to build the Navi Mumbai International Airport that started in March 2015 and is expected to be completed till 2019. Similarly, UAE has been making considerable investment in constructing ports which was valued
Composites in Oil and Gas Market - Global Industry Forecast 2024 : Creative Comp …
ResearchMoz presents professional and in-depth study of "Composites in Oil and Gas Market - Global Industry Analysis, Size, Share, Trends, and Forecast 2016 - 2024". This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The oil & gas industry needs to meet certain technical, technological, and economic requirements. This is especially observed in materials employed in construction,
Global Rail Composites Market Research Report 2018 | Applications Analysis and K …
Researchmoz added Most up-to-date research on "Global Rail Composites Market Research Report 2018" to its huge collection of research reports. This report studies the global Rail Composites market status and forecast, categorizes the global Rail Composites market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central & South America, and