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Global Advanced Composites Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Advanced Composite Materials (ACM) has found extensive use in a variety of technical sectors thanks to their exceptional fatigue resistance, high strength, high hardness, and low weight, replacing metal alloys with composite materials decreases a structure's bulk by 20-30%. But in some unique circumstances the number of which is steadily growing the marriage of material directional properties with design ideas that make use of them, supported by the benefits of contemporary composite technology, results in a significant improvement in structural performance. Composite constructions with uniform strength that use fibres that are evenly strained to carry the load serve as examples of this efficiency.
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North America is projected to have the highest CAGR over the forecast period, owing to the volume and value, North America is the world's largest consumer of advanced composites. The increased use of advanced composites in industries like aerospace & defence, renewable energy, and transportation is fuelling the growth of the North American advanced composites market. In terms of value and volume, the US is now the greatest consumer of advanced composites worldwide, and it is anticipated that throughout the projected period, this position will only get stronger.
Some of the key players profiled in the Advanced Composites Market include Mitsubishi Chemical Group Corporation, Huntsman International LLC, Solvay, Teijin Aramid B.V, TORAY INDUSTRIES, INC, BASF SE, DuPont, Honeywell International Inc., Henkel AG & Co. KgaA, Hanwha Solutions, Kemira, Akzo Nobel N.V., Hexion, Owens Corning, ,Formosa Plastics Corporation, SGL Carbon, Evonik Industries AG and H.B. Fuller
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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