Press release
Advanced Composites Market reached US$ 35.3 billion in 2022 and is expected to reach US$ 78.8 billion by 2031, growing with a CAGR of 10.6% | Covestro AG, DuPont, BASF SE.
Advanced Composites Market
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The Global Advanced Composites Market reached US$ 35.3 billion in 2022 and is expected to reach US$ 78.8 billion by 2031, growing with a CAGR of 10.6% during the forecast period 2024-2031.
Advanced composites are high-performance materials made by combining fibers (such as carbon, glass, or aramid) with a polymer, metal, or ceramic matrix. They offer superior strength, lightweight properties, and resistance to heat, chemicals, and corrosion. These materials are widely used in aerospace, automotive, sports, and industrial applications for enhanced durability and efficiency.
List of the Key Players in the Advanced Composites Market:
Covestro AG, DuPont, BASF SE, DSM, Rhodia, SABIC, LANXESS, Teijin Ltd, Celanese Corporation, Toray Industries and Meyer Corporation.
Industry Development:
On April 12, 2023, Toray Advanced Composites, a leading global developer and manufacturer of advanced composite materials, announced its plans to showcase the latest advancements in composite material technologies at JEC World 2023.
Growth Forecast Projected:
The Global Advanced Composites Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Advanced Composites Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Advanced Composites Market:
By Type: Carbon Fiber Composites, Aramid Fiber Composites, S-Glass Fiber Composites, Other Fiber Composites.
By Resin Type: Polyamide, Polyurethane, Polypropylene, Polyethylene, Acrylonitrile-butadiene-styrene copolymer (ABS), Polyvinyl Chloride, Polycarbonate, Others.
By Process: Injection Molding, Filament Winding, Pultrusion, Others.
Regional Analysis for Advanced Composites Market:
The regional analysis of the Advanced Composites Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Advanced Composites market?
➠ Who are the leading manufacturers in the global Advanced Composites industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Advanced Composites industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Advanced Composites market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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