openPR Logo
Press release

Advanced Polymer Composites Market Projected to Exceed US$ 19.73 Billion by 2032

Advanced Polymer Composites Market

Advanced Polymer Composites Market

As per the reports published by FMI, the global advanced polymer composites market is projected to register an average-paced CAGR of 5.9% during the forecast period. The current valuation of the market is US$ 11.12 Billion in 2022.

The value of the advanced polymer composites market is anticipated to surpass a valuation of US$ 19.73 Billion by the year 2032. A historical market valuation of US$ 10.5 Billion has been recorded by the experts of Future Market Insights during the base year.

Unlock Growth Potential in Your Industry - Get Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-15848

FMI has analyzed that the rise in the production of electronic vehicles is leading to numerous research and development activities in the advanced polymer composites market. Beneficial avenues are getting unraveled for the leading companies.

In addition to that, the government support received by the aerospace and automotive industry is expected to spur the demand for composites. Recently, the French government announced a US$ 8.2 Billion rescue plan for the country's automobile sector in the base year.

In order to reduce the weight of vehicles, advanced polymer composite materials are being heavily used in the aerospace and automotive sector. It is also resulting in the attainment of fuel efficiency of the vehicles due to reduced weight.

Additionally, the corrosion-resistant properties of advanced polymer composites are keeping them in tandem with the end-use industry demands. They are further estimated to contribute to the market growth of the product during the forecast period.

However, high production cost and procurement of raw material is still a challenge, that is likely to pose threat to the market. Furthermore, the manufacturing process can take up a lot of time and is estimated to impede the growth of the market in the forthcoming years.

Key Takeaways from the Advanced Polymer Composites Market

The advanced polymer composites market is estimated to move forward at an average pace, recording a CAGR of 5.9% through 2032.
The carbon fiber composites segment by product type category is anticipated to accrue the largest market share during the period 2022-2032, advancing at an ACGR of 6.6%.
The auto parts segment is estimated to surpass a market valuation of US$ 3.4 Billion by the end of the projection period.
The advanced polymer composites market in Europe is anticipated to reach a market valuation of US$ 5.3 Billion by 2032.

"High performance, longevity, and cost-effectiveness of advanced polymer composites are likely to open up lucrative growth prospects for the manufacturers of these components." - Says an FMI analyst.

Explore the Complete Report: https://www.futuremarketinsights.com/reports/advanced-polymer-composites-market

Competitive Landscape in the Advanced Polymer Composites Market

The advanced polymer composites market is identified to be highly fragmented and the major players are focussed on deploying organic and inorganic growth strategies to compete in the market. The biggies are heavily investing in research and development activities to make advances in the properties of these polymers for their further application in automobiles and aircraft, easing the job and cutting down costs for the suppliers in the aforementioned industries.

SGL Carbon SE, Kemrock Industries and Exports Limited, Solvay S.A., and Mitsubishi Rayon Co. Ltd. are some of the companies gaining traction in the market.

Recent Developments

In July 2022, Arkema acquired Polimeros Especiales, a leading emulsion resin producer in Mexico. The planned acquisition will strengthen Arkema's position in the fast-growing regional market.
In June 2020, Solvay and Leonardo signed a supply agreement for 5 years through which Solvay is estimated to supply a wide range of market-dealing materials for Aircraft, Aeronautics, Electronics divisions, and Helicopters of Leonardo.
In August 2019, BASF and Toray Advanced Composites signed a supply agreement for bringing an innovative tape technology that is intended for the automotive sector

Contact Sales for Further Assistance in Purchasing this Report: https://www.futuremarketinsights.com/checkout/15848

Key Segments in the Advanced Polymer Composites Market

By Product:

Resin
Fiber
Others (fillers, additives, modifiers, etc.)

By Application:

Conductors
Autoparts
Tanks & pipes
Aviation parts
Boat building
Wind blades

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Exploring Innovations in Chemicals & Materials: A Compilation of Related Research Reports

Europe Advanced Aerospace Coatings Market: https://www.futuremarketinsights.com/reports/europe-advanced-aerospace-coatings-market

Advanced Functional Materials Market: https://www.futuremarketinsights.com/reports/global-advanced-functional-materials-market

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Projected to Exceed US$ 19.73 Billion by 2032 here

News-ID: 3220841 • Views:

More Releases from Future Market Insights Inc

Protective Building Materials Market to Reach USD 53.9 Billion by 2035, Driven by Energy Efficiency and Infrastructure Boom
Protective Building Materials Market to Reach USD 53.9 Billion by 2035, Driven b …
The global Protective Building Materials Market will surge from an estimated USD 33.1 billion in 2025 to USD 53.9 billion by 2035, exhibiting a robust Compound Annual Growth Rate (CAGR) of 5.0%. This strong growth trajectory is fueled by increasing regulatory demands for building safety and energy efficiency, coupled with accelerating urbanization and massive infrastructure investments worldwide. The market analysis highlights a pivotal shift towards materials that offer superior durability, fire
Hydrophilic Coating Market Poised for 5.7% CAGR, Reaching USD 36.6 Billion by 2035, Driven by Critical Medical Device Demand
Hydrophilic Coating Market Poised for 5.7% CAGR, Reaching USD 36.6 Billion by 20 …
The global Hydrophilic Coating Market is set for robust expansion, with its valuation expected to climb from an estimated USD 21.0 billion in 2025 to a projected USD 36.6 billion by 2035, reflecting a CAGR of 5.7% over the forecast period. This significant growth trajectory is primarily powered by the essential role these advanced coatings play in enhancing patient safety and procedural efficiency across the rapidly advancing medical device sector. The
Fireproof Insulation Market to Reach USD 43.0 Billion by 2035, Driven by Stringent Safety Codes and Green Building Mandates
Fireproof Insulation Market to Reach USD 43.0 Billion by 2035, Driven by Stringe …
The global Fireproof Insulation Market is set for robust expansion, projected to grow from an estimated USD 30.5 billion in 2025 to USD 43.0 billion by 2035, exhibiting a Compound Annual Growth Rate (CAGR) of 3.5% over the forecast period. This significant growth trajectory is primarily fueled by increasing global emphasis on safety, energy efficiency, and compliance with increasingly stringent building and fire safety regulations. The competitive landscape, which includes major
Benzoic Acid Market Set for Robust Growth, Projected to Hit USD 2.0 Billion by 2035 | Future Market Insights, Inc.
Benzoic Acid Market Set for Robust Growth, Projected to Hit USD 2.0 Billion by 2 …
The global Benzoic Acid Market is poised for significant expansion, driven by its essential role as a chemical intermediate and a crucial preservative across multiple high-growth industries. A new market forecast projects the sector's valuation to increase from an estimated USD 1.2 billion in 2025 to USD 2.0 billion by 2035, registering a steady Compound Annual Growth Rate (CAGR) of 5.3% over the decade. The upward trajectory is primarily fueled by

All 5 Releases


More Releases for Advanced

Advanced Oxidation Technologies Market Size, Share 2021, Impressive Industry Gro …
The Advanced Oxidation Technologies Market is poised to take off in upcoming years hence showing a highly positive outlook through 2020-2028, according to a recently released report. Advanced Oxidation Technologies Market report covers industry chain analysis, latest market trends & dynamics along with cost profit analysis of major key players which focuses on expansion rate, prices, competition, size, prices, and value chain analysis of those leaders in the market. The
Medical Ceramics Market Analysis and Industry Forecast | Advanced Ceramics Resea …
Allied Market Research published a new report, titled, “Medical Ceramics Market by Type (Aluminum Oxide, Zirconia, and Carbon, Hydroxyapatite, Glass & Bioglass, Zirconia Alumina, Bioresorbable Ceramics, and Piezo Ceramics), by Application (Surgical Instruments, Diagnostic Equipment, Orthopedic Implants, Electronic Implants, Dental Implants, Disposables, and Packaging) – Global Opportunity Analysis and Industry Forecast, 2014 – 2022.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five
Skincell Advanced Reviews – Does Skincell Advanced Really Work?
People want clear, blemish-free skin! However, most people have skin tags, moles, and warts. Some causes are known, while some blemishes are caused without any reason at all. When a regular skincare regimen fails, people turn to costly surgeries and medications. Cleansing and moisturizing might not work well for all. All skin types are not the same, and toners and skincare creams seldom give long-lasting benefits. Get Skincell Advanced From Its
Global Advanced Oxidation Technologies Market 2019- 2025 || A-Zone Technologies, …
Synopsis of the Advanced Oxidation Technologies Market: Latest Report on Advanced Oxidation Technologies Market deliberates the effect of various Factors influencing the market growth and drivers. Its further sheds light on market overview, key manufacturers, strategic adopted by them, size, latest trends and types, revenue, gross margin with regional analysis and forecast to 2025. Overview of the Advanced Oxidation Technologies Market Report: Advanced Oxidation Technologies Market report includes knowledge about the market overview
Global Advanced Materials Market - 3M Company, DowDuPont Inc, Hexcel Corporation …
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Advanced Materials Market - By Product type (Structural Material, Functional Material, Emerging Material) By End User (Building & Construction, Automotive, Aerospace, Defense, Marine, Electrical & Electronics, Healthcare, Oil & Gas and Energy, Others) & Global Region - Market Size, Trends, Share and Forecast 2018-2023” research report will include all the major trends and technologies that
Global Advanced Materials Market: 3M Company, DowDuPont Inc, Hexcel Corporation, …
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Advanced Materials Market 2017: Market Size, Trends & Opportunity Outlook – Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business is going through. The