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Advanced Composites Market worth $19.46 billion by 2030, growing at a CAGR of 10.82% - Exclusive Report by 360iResearch
Advanced Composites Market | 360iResearch
The Global Advanced Composites Market to grow from USD 9.47 billion in 2023 to USD 19.46 billion by 2030, at a CAGR of 10.82%.
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Advanced composites are high-performance materials that exhibit superior mechanical properties such as high strength-to-weight ratio, stiffness, and resistance to chemical and temperature variances. These materials are comprised of a matrix and a reinforcement, which can be in the form of fibers or particles. The matrix can be a polymer, metal, or ceramic, while the common reinforcements are carbon, glass, or aramid fibers. These materials are utilized across industries such as aerospace & defense, automotive, sports & leisure, construction, wind energy, and marine. Several driving factors propel growth, such as ongoing technological breakthroughs enhancing composite performance, heightened demand from the aerospace industry, regulatory pressures for improved fuel efficiency, and concerted efforts to cut costs without compromising quality. Moreover, ongoing innovations in recycling processes for advanced composites and exploration of bio-based resins present substantial opportunities. Additionally, the growing need for lightweight materials in the transportation sector provides notable prospects for expansion. However, challenges such as high production expenses and the intricacies of composite material recycling pose significant hurdles to growth. Key companies are expected to focus on pivotal sectors for expansion and research, including discovering innovative material composites, refining manufacturing processes, and fostering sustainable recycling methods.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Advanced Composites Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Advanced Composites Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Advanced Composites Market, highlighting leading vendors and their innovative profiles. These include ACPT Inc., Advanced Composites Solutions Srl, AGY Holding Corp., Akzo Nobel N.V., ARRIS Composites, Inc., Avient Corporation, BASF SE, DuPont de Nemours, Inc., Evonik Industries AG, FormosaM Co., Ltd., Gurit Services AG, Hexcel Corporation, Honeywell International Inc., Koninklijke Ten Cate NV, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Carbon Fiber and Composites, Inc., MITSUI CHEMICALS INDIA, PVT. LTD, Momentive Performance Materials Inc., Owens Corning, Inc., Plasan Carbon Composites, Rockman Advance Composites Private Limited, SGL Carbon SE, Solvay S.A., ST Advanced Composites, Teijin Limited, and Toray Industries, Inc..
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Market Segmentation & Coverage:
This research report categorizes the Advanced Composites Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Fiber, market is studied across Aramid Fiber Composites, Carbon Fiber Composites, and S-Glass Fiber Composites. The Carbon Fiber Composites is projected to witness significant market share during forecast period.
Based on Resin, market is studied across Advanced Thermoplastic Composites and Advanced Thermosetting Composites. The Advanced Thermoplastic Composites is projected to witness significant market share during forecast period.
Based on Manufacturing Process, market is studied across Automated Tape Laying (ATL) & Automated Fiber Placement (AFP), Compression Molding, Filament Winding, Hand Layup/ Spray Layup, Injection Molding, Pultrusion, and Vacuum Assisted Resin Transfer Molding. The Automated Tape Laying (ATL) & Automated Fiber Placement (AFP) is projected to witness significant market share during forecast period.
Based on End-use Industry, market is studied across Aerospace & Defense, Civil Engineering, Electrical & Electronics, Marine, Medical, Pipes & Tanks, Sporting Goods, Transportation, and Wind Energy. The Civil Engineering is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Advanced Composites Market, by Fiber
7. Advanced Composites Market, by Resin
8. Advanced Composites Market, by Manufacturing Process
9. Advanced Composites Market, by End-use Industry
10. Americas Advanced Composites Market
11. Asia-Pacific Advanced Composites Market
12. Europe, Middle East & Africa Advanced Composites Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Advanced Composites Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Advanced Composites Market?
3. What is the competitive strategic window for opportunities in the Advanced Composites Market?
4. What are the technology trends and regulatory frameworks in the Advanced Composites Market?
5. What is the market share of the leading vendors in the Advanced Composites Market?
6. What modes and strategic moves are considered suitable for entering the Advanced Composites Market?
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