The data collected in the “Global Advanced Composite Materials Market – Segmented by Fiber Type, End-user Industry, and Geography – Growth, Trends, and Forecast (2019 – 2023)” report (Sample Copy Here) offers detailed insights on the market dynamic forces to enable informed business decision making and development strategy formulation supported on the opportunities present in the market. Advanced Composite Materials Market report delivers the most up-to-date industry data on the actual and potential market situation, and outlook.
The Global Advanced Composite Materials Market 2019 is bifurcated into multiple segments [Product, Applications, End-Users, and Major Regions]. The global Advanced Composite Materials Market report represents the market’s data in a better-analyzed way by fragmenting the market in several multiple segments product, its end-users, applications, and others of the market segments. A review of the impact of the administrative regulations and policies on the Advanced Composite Materials Market operations is also included in this report. The Advanced Composite Materials Market report offers a complete analysis of competitive dynamics that are modifying and places the patrons ahead of competitors.
Advanced Composite Materials Market Segmentation by Major Players:
3B-the fibreglass company, Cytec Solvay Group, DowDuPont, Hexcel Corporation, Hyosung Corporation, KERMEL, Kolon Industries Inc., Koninklijke Ten Cate BV, Mitsubishi Chemical Carbon Fiber and Composites, Inc., Owens Corning, SGL Group, TEIJIN LIMITED, TORAY INDUSTRIES, INC., Yantai Tayho Advanced Materials Co.,Ltd.
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Overview of Advanced Composite Materials Market Report:
The advanced composite materials market is expected to register a moderate growth during the forecast period, 2019 to 2023. Europe is dominating the market, accounting for around 30% of the global market in 2017.
Increasing Demand for Lightweight Materials in the Aerospace & Defense Industry
Advanced composite materials are used in various aerospace and defense applications, owing to their properties, such as high strength, stiffness, heat & chemical resistivity, electrical conductivity, and various other thermal and chemical properties, etc. They are widely used in ballistic protective applications, such as, bullet proof vests, protective apparel, such as gloves, motorcycle protective clothing, and hunting gaiters. Due to their light yet stiff design structures, they are used in the interior of an airplane or a jet, the rotor blades of a helicopter, aircraft seats, and aircraft brakes. Many countries are focusing in growing a domestic defense industry while manufacturing hardware locally. These factors are expected to drive the demand for advanced composite materials, during the forecast period.
Increasing Demand from Automotive Industry
Advanced composite materials have experienced a widespread use in the automotive industry owing to their ever-higher strength-to-weight ratios, corrosion resistivity, and workability features. They are replacing metal in various automotive applications due to their light-weight but tough features, which contributes to lesser fuel consumption. Automotive manufacturers, such as BMW, Mercedes-Benz, McLaren, Chevrolet, and Lamborghini, amongst several others have committed themselves to increase the usage of advanced composite materials in their vehicles as they contribute to the reduction in weight. Therefore, the growing usage is boosting the demand for advanced composite materials during the forecast period.
Europe to Dominate the Market
Europe holds the largest demand for advanced composite materials, accounting to a little over 30% of the global market in the year 2017. The German aerospace industry is growing at higher rate than it has ever increased. Additionally, France has huge aerospace and defense industry, with major players like Airbus and Dassault aviation in the domestic market. Majority of this is driven by Airbus, with more than 1,000 billion order book and 10 years of production in line. Furthermore, the countryâs automotive production is also growing at an impressive 6.54% annually and fueling the demand for advanced composite materials in recent times.
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Further, in the Advanced Composite Materials Market research reports, the following points are included along with an in-depth study of each point:
Production Analysis – Production of the Advanced Composite Materials is analyzed with respect to different regions, types, and applications. Here, price analysis of various Advanced Composite Materials Market key companies is also covered.
Competitors – In this section, various Advanced Composite Materials industry-leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Advanced Composite Materials Market. Another major aspect, price, which plays an important part in the revenue generation, is also measured in this section for the numerous regions.
Supply and Consumption – In continuation with sales, this section studies supply and consumption for the Advanced Composite Materials Market. This part also shelters light on the gap between supply and consumption. Import and export statistics are also given in this part.
Other analyses – Apart from the above-mentioned information, trade and distribution analysis for the Advanced Composite Materials Market, the contact information of major manufacturers, suppliers and key consumers is also given. In addition, SWOT analysis for new projects and viability analysis for new investment are included.
Lastly, with a team of vivacious industry professionals, we offer our clients with high-value market research that, in turn, would aid them to decipher new market avenues together with new strategies to take hold of the market share.