The global advanced composites market grew at a CAGR of 10% during 2014-2019. Advanced composites are high-performance materials that possess superior mechanical resistance along with strength and stiffness. These composites are light in weight and have excellent dimensional stability, and thermal and electrical conductivity. Advanced composites are widely employed across verticals like aerospace, automobile, construction, sports and military. As these composites are used for manufacturing blades for wind turbines, an increase in the number of wind power stations around the world has also propelled the sales of advanced composites. Looking forward, IMARC Group expects the global advanced composites market to continue its strong growth during the next five years.
Global Advanced Composites Market Drivers:
In the aerospace industry, reducing the weight of an aircraft is essential for enhancing its performance and fuel efficiency. As advanced composites are highly durable, have low density and are resistant to chemical corrosion, they are rapidly substituting traditionally used metals for manufacturing aeronautical and aircraft components such as rudders, wings, elaborators, floor beams, landing gear and engine nacelles. These composites are also replacing alloys and metals in the automotive sector. This, coupled with the rising demand for high-performance luxury vehicles, is boosting the growth of the market across the globe. Further, advanced polymer composites, such as HexPly and HexMC, are now being utilized in the production of sports equipment like snowboards, golf shafts, tennis racquets and surfboard fins. Inflating disposable incomes and a rising number of sports enthusiasts are creating strong demand for good quality sports equipment, thereby providing a thrust to the market growth.
Report Coverage:
Historical, Current and Future Market Trends
Breakup by Resin Type:
- Advanced Thermosetting Composites
- Advanced Thermoplastic Composites
Breakup by Type of Fiber:
Glass currently represents the biggest segment
Breakup by Manufacturing Process:
- Hand Layup/Spray Layup
- AFP and ATL
- Filament Winding
- Injection Molding
- Pultrusion
- Compression Molding
- RTM/VARTM
- Others
Breakup by Application:
- Aerospace and Aviation
- Automotive
- Energy
- Electronics
- Marine
- Others
The aerospace and aviation sector currently represents the largest application area.
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
North America currently represents the largest market
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Arkema S.A., BASF SE, Hexcel Corporation, Cytec Industries Inc., Koninklijke Ten Cate N.V., TPI Composites Inc., Toray Industries Inc.., Mitsubishi Rayon Co. Ltd, Teijin Limited., Hexion, SGL Carbon SE, 3B-Fibreglass sprl, Owens Corning Corporation, Huntsman International, LLC, Solvay S.A., Kemrock Industries and Exports Limited, E. I. Du Pont Nemours & Co., Cristex Ltd, etc.
Key Questions Answered in This Report:
- How has the global advanced composites market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global advanced composites industry?
- What has been the impact of COVID-19 on the global advanced composites industry?
- What is the breakup of the global advanced composites market based on the resin type?
- What is the breakup of the global advanced composites market based on the type of fiber?
- What is the breakup of the global advanced composites market based on the manufacturing process?
- What is the breakup of the global advanced composites market based on the application?
- What are the various stages in the value chain of the global advanced composites market?
- What are the key driving factors and challenges in the global advanced composites market?
- What is the structure of the global advanced composites market and who are the key players?
- What is the degree of competition in the global advanced composites market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Advanced Composites Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Resin Type
5.4 Market Breakup by Type of Fiber
5.5 Market Breakup by Manufacturing Process
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
6 Market Breakup by Resin Type
6.1 Advanced Thermosetting Composites
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Advanced Thermoplastic Composites
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type of Fiber
7.1 Glass
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Carbon
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Aramid
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Manufacturing Process
8.1 Hand Layup/Spray Layup
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 AFP and ATL
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Filament Winding
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Injection Molding
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Pultrusion
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Compression Molding
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 RTM/VARTM
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Application
9.1 Aerospace and Aviation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Automotive
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Energy
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Electronics
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Marine
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
14.1 Price Indicators
14.2 Price Structure
14.3 Margin Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Arkema S.A.
15.3.2 BASF SE
15.3.3 Hexcel Corporation
15.3.4 Cytec Industries Inc.
15.3.5 Koninklijke Ten Cate N.V.
15.3.6 TPI Composites Inc.
15.3.7 Toray Industries Inc..
15.3.8 Mitsubishi Rayon Co. Ltd
15.3.9 Teijin Limited.
15.3.10 Hexion
15.3.11 SGL Carbon SE
15.3.12 3B-Fibreglass sprl
15.3.13 Owens Corning Corporation
15.3.14 Huntsman International, LLC
15.3.15 Solvay S.A.
15.3.16 Kemrock Industries and Exports Limited
15.3.17 E. I. Du Pont Nemours & Co.
15.3.18 Cristex Ltd
List of Figures
Figure 1: Global: Advanced Composites Market: Major Drivers and Challenges
Figure 2: Global: Advanced Composites Market: Sales Value (in Billion US$), 2014 - 2019
Figure 3: Global: Advanced Composites Market: Breakup by Resin Type (in %), 2019
Figure 4: Global: Advanced Composites Market: Breakup by Type of Fiber (in %), 2019
Figure 5: Global: Advanced Composites Market: Breakup by Manufacturing Process (in %), 2019
Figure 6: Global: Advanced Composites Market: Breakup by Application (in %), 2019
Figure 7: Global: Advanced Composites Market: Breakup by Region (in %), 2019
Figure 8:Global: Advanced Composites Industry: SWOT Analysis
Figure 9:Global: Advanced Composites Industry: Value Chain Analysis
Figure 10:Global: Advanced Composites Industry: Porter’s Five Forces Analysis
Figure 11: Advanced Composites Manufacturing: Process Flow
Figure 12: Global: Advanced Composites Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 13: Global: Advanced Composites (Advanced Thermosetting Composites) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Advanced Composites (Advanced Thermosetting Composites) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Advanced Composites (Advanced Thermoplastic Composites) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Advanced Composites (Advanced Thermoplastic Composites) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Advanced Composites (Glass) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Advanced Composites (Glass) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Advanced Composites (Carbon) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Advanced Composites (Carbon) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Advanced Composites (Aramid) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Advanced Composites (Aramid) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Advanced Composites (Hand Layup/Spray Layup) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Advanced Composites (Hand Layup/Spray Layup) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Advanced Composites (AFP and ATL) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Advanced Composites (AFP and ATL) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Advanced Composites (Filament Winding) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Advanced Composites (Filament Winding) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Advanced Composites (Injection Molding) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Advanced Composites (Injection Molding) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Advanced Composites (Pultrusion) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Advanced Composites (Pultrusion) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Advanced Composites (Compression Molding) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Advanced Composites (Compression Molding) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Advanced Composites (RTM/VARTM) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Advanced Composites (RTM/VARTM) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Advanced Composites (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Advanced Composites (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Advanced Composites (Aerospace and Aviation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Advanced Composites (Aerospace and Aviation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Advanced Composites (Automotive) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Advanced Composites (Automotive) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Global: Advanced Composites (Energy) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Global: Advanced Composites (Energy) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Global: Advanced Composites (Electronics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Global: Advanced Composites (Electronics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Global: Advanced Composites (Marine) Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Global: Advanced Composites (Marine) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Global: Advanced Composites (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Global: Advanced Composites (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: North America: Advanced Composites Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: North America: Advanced Composites Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Europe: Advanced Composites Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Europe: Advanced Composites Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Asia Pacific: Advanced Composites Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Asia Pacific: Advanced Composites Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Middle East and Africa: Advanced Composites Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Middle East and Africa: Advanced Composites Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57:Latin America: Advanced Composites Market: Sales Value (in Million US$), 2014 & 2019
Figure 58:Latin America: Advanced Composites Market Forecast: Sales Value (in Million US$), 2020-2025
List of Tables
Table 1: Global: Advanced Composites Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Advanced Composites Market Forecast: Breakup by Resin Type (in Million US$), 2020-2025
Table 3: Global: Advanced Composites Market Forecast: Breakup by Type of Fiber (in Million US$), 2020-2025
Table 4: Global: Advanced Composites Market Forecast: Breakup by Manufacturing Process (in Million US$), 2020-2025
Table 5: Global: Advanced Composites Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Advanced Composites Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Advanced Composites Market Structure
Table 8: Global: Advanced Composites Market: Key Players