Global High Performance Composites Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global high performance composites market in its upcoming report titled, “Global High-Performance Composites Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global high performance composites market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The high performance composites market report has been segmented on the basis of material, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Composite materials are a combination of fiber and matrix which is extensively used owing to properties such as light weight, corrosion resistance, high strength, and dimensional stability. In addition, composite materials are replacing plastic and metals in various industries. It is extensively used aerospace, boating, automobile owing to its high performance and mechanical properties.
On the basis of product type, fibers are estimated to hold major revenue share in the global high performance composites market and is expected to maintain its dominance over the forecast period. Some of fiber composites used in various applications are carbon fiber composites, S-glass composites, and aramid fiber composites. Demand for fiber composites is estimated to grow owing to properties such as high tensile strength, high strength, and low weight.
On the basis of application, automotive & industrial application segment is estimated to hold major revenue share in global high performance composites market over the forecast period. High performance composites are considered as alternative to steel and aluminum in automobile industry. Growing demand for lightweight materials for automotive manufacturing to enhance their performance is expected to boost market growth. Industrial application include machine in factories which were traditionally manufactured from iron and steel.
Asia Pacific market is estimated to hold significant revenue share in the global high performance composites market, in 2017 and is expected to maintain its dominance over the forecast period. Presence of large number of carbon fiber manufacturers in the region is anticipated to fuel market growth over the forecast period. The Asia Pacific accounts for largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and Middle East & Africa respectively. Rising production of automobiles in countries namely China and India owing to growing demand for passenger and commercial vehicles is expected to augment market growth. Moreover, favorable regulations regarding the use of carbon fiber or high performance composites for various end use industries is anticipated to propel market growth over the forecast period.
Market segmentation and key players operating in the global high performance composites market:
- Automotive & industrial
- Consumer goods
- Others (energy, medical, and pressure vessel)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Toray Industries Inc.
- BASF SE
- Arkema SA
- Koninklijke Ten Cate BV
- TPI Composites, Inc.
- I. Dupont De Nemours and Company
- Momentive Performance Materials Inc.
- Mitsubishi Rayon Co. Ltd.
- Albany International Corporation
- Hexcel Corporation
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