Advanced Composites Market Production, Demand and Business Outlook 2030

Author : databridge12 databridge | Published On : 26 Feb 2024

The report is designed to provide a holistic view of the Advanced Composites Market .It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). Regional estimates and forecasts & trend analysis for eac country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa, etc.), and region (North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Latin America) are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19.

Data Bridge Market Research analyses that the advanced composites market is expected to reach USD 40,574.57 million by 2030, which was USD 21,921.18 million in 2022, registering a CAGR of 8.00% during the forecast period of 2023 to 2030.

Top Companies in the Advanced Composites Market

TORAY INDUSTRIES, INC. (Japan), Teijin Aramid B.V. (Netherlands), Mitsubishi Chemical Group Corporation Japan Huntsman International LLC. (U.S.), BASF SE (Germany), Solvay (Belgium), Akzo Nobel N.V. (Netherlands); DuPont (U.S.), Hexion (U.S.), Honeywell International Inc. (U.S.), Owens Corning (U.S.), Formosa Plastics Corporation (Taiwan), Henkel AG & Co. KgaA (Germany), Lyondellbasell Industries Holdings B.V. (Netherlands), Hanwha Solutions (South Korea), SGL Carbon (Germany), Kemira (Finland), H.B Fuller Company (U.S.), Evonik Industries AG (Germany).

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This report segments the Advanced Composites Market are:
Fiber Type

Carbon
S-Glass
Aramid
Others

Resin Type

Thermosetting
Thermoplastic

Manufacturing Process

Automated Tape Laying (ATL)
Automated Fiber Placement (AFP)
Hand Layup/Spray Layup
Filament Winding, Pultrusion
Resin Transfer Molding (RTM)
Compression Molding
Injection Molding
Others

End-User

Aerospace and Defense
Automotive
Energy and Power
Sports Equipment
Civil Engineering
Electrical and Electronics
Healthcare
Others

Drivers

Growing demand of advanced composites in defense industry

The increasing demand of aramid composites is expected to drive the growth of the global advanced composites over the forecast period. This is because of their increasing application in the defense industry. The diversified characteristics of aramid composites including high strength, high heat, low density and impact resistance is expected to be the key factor promoting growth.

Increasing demand for fuel-efficient vehicles

The increasing concerns regarding climate change have emphasized the requirement to have fuel-efficient vehicles to reduce carbon emissions. As a result, vehicle manufacturers utilize advanced composite to reduce the weight of vehicle without compromising safety. The reduction in vehicle-weight surges engine efficiency. Thus, the growing demand for fuel-efficient vehicles will drive the market growth.

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A reliable Advanced Composites Market survey report is designed with the scrupulous market analysis carried out by a team of industry experts, dynamic analysts, skillful forecasters and well-informed researchers. And not to mention, the report is amazingly characterized by using several charts, graphs, and tables depending on the extent of data and information involved. What is more, influencing factors such as market drivers, market restraints and competitive analysis is studied with the SWOT analysis which is the most established tool when it comes to generate market research report. Businesses can achieve complete knowhow of general market conditions and tendencies with the information and data covered in the winning Advanced Composites Market report.

Significant Features that are under Offering and Key Highlights of the

Reports:

-Detailed overview of Advanced Composites Market
-Changing the Advanced Composites Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Advanced Composites Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Advanced Composites Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

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