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Published Date: 2015-02-26Number of Pages: 120

Advanced Polymer Composites (Glass Fiber, Carbon Fiber, Aramid Fiber and Others (Including Boron Fiber) Market for Electrical & Electronics, Automotive, Energy, Aerospace & Aviation, Consumer Goods, Marine, and Others (Including Building & Construction and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020


Advanced polymer composites are primarily used in applications requiring high material strength capabilities. High durability, superior structural rigidity and material strength, and better functional properties distinguish advanced polymer composites from other composites. In terms of revenue, the global advanced polymer composites market was valued at US$ 7.47 Bn in 2013 and is expected to reach US$ 12.12 Bn by 2020, expanding at a CAGR of 7.2% from 2014 to 2020. 

Glass fibers was the largest product segment of the advanced polymer composites market at the end of 2013. Glass fibers are extensively used in diverse applications such as aerospace, wind turbines, and automotive. Glass fibers account for the largest share of the advanced polymer composites produced globally. Demand for glass fibers is anticipated to rise significantly, due to increasing demand for non-conventional energy sources such as wind energy. E-glass and S-glass fibers are used in the production of wind blades of wind turbines. Shift towards non-conventional energy sources such as wind energy and the subsequent increasing in number of wind turbine installations are likely to be the major drivers for glass fiber-based advanced polymer composites in the next few years.

With market revenue share of over 40%, aerospace was the largest end-user industry for advanced polymer composites in 2013. Advanced polymer composites are used in the construction of various aircraft parts such as engine nacelles, elaborators, floor beams, ailerons, rudders, and main landing gear. Properties such as high specific strength, stiffness, excellent fatigue, and abrasion resistance have increased the application of advanced polymer composites in the aerospace industry. Various aircraft manufacturers are building fuel efficient aircraft due to increasing environmental concerns. 

Advanced polymer composites offer high functional and material properties, and reduce weight at the same time. Hence, these composites are increasingly used in the production of aircraft and their parts. Furthermore, rise in demand for large commercial aircraft is projected to be one of the major drivers for advanced polymer composites used in aerospace applications.   

Demand for advanced polymer composites is primarily led by growth in the global aerospace industry and increase in wind tower installations across the world. Advanced polymer composites are widely used to build various vital parts of aircraft due to their high strength and low weight. Rising demand for large commercial aircraft and the growth in wind tower installations across the globe are expected to be the major factors driving demand for advanced polymer composites in the next few years.

North America and Europe were the major markets for advanced polymer composites in 2013. North America accounted for the largest market share of 38.1% in the same year. Of late, leading manufacturers of advanced polymer composites are focusing higher on capacity expansion in Asia Pacific due to rising demand for advanced polymer composites in the region. Recent growth in automotive and aerospace industries is anticipated to be the major factor driving demand for advanced polymer composites in Asia Pacific. Increasing demand for advanced polymer composites in the automotive industry is likely to offer large opportunities for the advanced polymer composites market in the near future.

Of late, various market leaders have undertaken capacity expansions in order to achieve economies of scale. Cost of advanced polymer composites is expected to decrease in the next few years due to an increase in production. Opportunities are available for new players in the advanced polymer composites market, particularly in Asia Pacific and RoW. Several new entrants are keen to establish themselves in the market. Key players operating in the advanced polymer composites market include Arkema SA, BASF SE, Hexcel Corporation, Cytec Industries Inc., Koninklijke Ten Cate nv, SGL Carbon SE, Solvay S.A., TPI Composites Inc. and Owens Corning Corporation.

advanced-polymer-composites-market


Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.3 Research scope
      1.3.1 Assumptions
1.4 Research methodology

Chapter 2 Executive Summary
2.1 Global Advanced Polymer Composites Market, 2013–2020 (US$ Mn)
2.2 Global Advanced Polymer Composites Market Snapshot, 2013–2020

Chapter 3 Advanced Polymer Composites Market - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
      3.2.1 Value Chain Analysis of the Global Advanced Polymer Composites Market
3.3 Market Drivers
      3.3.1 Drivers for Global Advanced Polymer Composites Market: Impact Analysis
      3.3.2 Growing demand from aerospace industry is expected to boost demand for advanced polymer composites
              3.3.2.1 Global large commercial aircraft delivery, 2013–2020 (Aircraft Units)
      3.3.3 Wind energy applications - a major demand driver for advanced polymer composites
              3.3.3.1 Global cumulative installed wind capacity, 2013–2020 (MW)
3.4 Market Restraints
      3.4.1 Restraints for Global Advanced Polymer Composites Market: Impact Analysis
      3.4.2 High production costs may hamper market growth
              3.4.2.1 Cost of Carbon Fiber in Various Sectors in 2013 (US$/Kg)
3.5 Opportunities
      3.5.1 Automotive applications to be major demand drivers for advanced polymer composites in the next few years
              3.5.1.1 Global automotive market (cars and commercial vehicles) volume, 2013–2020 (Mn Units)
3.6 Porter’s Five Forces Analysis for Global Advanced Polymer Composites Market
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Global Advanced Polymer Composites Market: Market Attractiveness Analysis
      3.7.1 Global Advanced Polymer Composites Market: Market Attractiveness Analysis
3.8 Global Advanced Polymer Composites Market: Company Market Share
      3.8.1 Global Advanced Polymer Composites Market: Company Market Share, (2013)

Chapter 4 Advanced Polymer Composites Market – Product Segment Analysis
4.1 Global Advanced Polymer Composites Market: Product Segment Analysis
      4.1.1 Global Advanced Polymer Composites Market Revenue Share, by Product Segment, 2013 and 2020
4.2 Global for Advanced Polymer Composites Analysis, by Resin Type
      4.2.1 Global Advanced Polymer Composites Revenue Share, by Resin Type, 2013 and 2020
      4.2.2 Epoxy Resin
              4.2.2.1 Global Epoxy Resin Market for Advanced Polymer Composites, 2013 – 2020 (US$ Mn)
      4.2.3 Phenolic Resin
              4.2.3.1 Global Phenolic Resin Market for Advanced Polymer Composites , 2013 – 2020 (US$ Mn)
      4.2.4 Polyester Resin
              4.2.4.1 Global Polyester Resins Market for Advanced Polymer Composites, 2013 – 2020 (US$ Mn)
      4.2.5 Others
              4.2.5.1 Global Others Market for Advanced Polymer Composites, 2013 – 2020 (US$ Mn)
      4.2.6 Global Advanced Polymer Composites Revenue Share, by Fiber Type, 2013 and 2020
      4.2.7 Global Advanced Polymer Composites Market Revenue Share, By Product, 2013 And 2020
      4.2.8 Carbon Fiber
              4.2.8.1 Global Carbon Fiber Market for Advanced Polymer Composites, 2013 – 2020 (US$ Mn)
      4.2.9 Glass Fiber
              4.2.9.1 Global Glass Fiber Market for Advanced Polymer Composites, 2013 – 2020 (US$ Mn)
      4.2.10 Aramid Fiber
               4.2.10.1 Global Epoxy Resin Market for Advanced Polymer Composites, 2013 – 2020 (US$ Mn)
      4.2.11 Others
               4.2.11.1 Global Epoxy Resin Market for Advanced Polymer Composites, 2013 – 2020 (US$ Mn)

Chapter 5 Advanced Polymer Composites Market – Application Segment Analysis
5.1 Global Advanced Polymer Composites Market: Application Segment Analysis
      5.1.1 Global Advanced Polymer Composites Market Revenue Share, by Application, 2013 and 2020
5.2 Global Advanced Polymer Composites Market, by Application
      5.2.1 Conductor
              5.2.1.1 Global Advanced Polymer Composites for conductor Application, 2013 – 2020 (US$ Mn)
      5.2.2 Auto Parts
              5.2.2.1 Global Advanced Polymer Composites for Auto Parts Application, 2013 – 2020 (US$ Mn)
      5.2.3 Tanks and Pipes
              5.2.3.1 Global Advanced Polymer Composites Market for Tanks and Pipes Application, 2013 – 2020 (US$ Mn)
      5.2.4 Aviation Parts
              5.2.4.1 Global Advanced Polymer Composites for Aviation Parts Application, 2013 – 2020 (US$ Mn)
      5.2.5 Boat Buildings
              5.2.5.1 Global Advanced Polymers Market for Boat Building Applications, 2013 – 2020 (US$ Mn)
      5.2.6 Wind Blade
              5.2.6.1 Global Advanced Polymers Market for Wind Blade Applications, 2013 – 2020 (US$ Mn)
      5.2.7 Others
              5.2.7.1 Global Advanced Polymers Market for Other Applications, 2013 – 2020 (US$ Mn)

Chapter 6 Advanced Polymer Composites Market – End-User Analysis
6.1 Global Advanced Polymer Composites Market: End-User Analysis
      6.1.1 Global Advanced Polymer Composites Market Revenue Share, by End-User Industry, 2013 and 2020
6.2 Global Advanced Polymer Composites Market, by End-User Industry
      6.2.1 Electric and Electronics
              6.2.1.1 Global Advanced Polymer Composites for Electric and Electronics Industry, 2013 – 2020 (US$ Mn)
      6.2.2 Automotive
              6.2.2.1 Global Advanced Polymer Composites for Automotive Industry, 2013 – 2020 (US$ Mn)
      6.2.3 Energy
              6.2.3.1 Global Advanced Polymer Composites Market for Energy Industry, 2013 – 2020 (US$ Mn)
      6.2.4 Aerospace & Aviation
              6.2.4.1 Global Advanced Polymer Composites for Aerospace & Aviation Industry, 2013 – 2020 (US$ Mn)
      6.2.5 Consumer Goods
              6.2.5.1 Global Advanced Polymers Market for Consumer Goods Industry, 2013 – 2020 (US$ Mn)
      6.2.6 Marine
              6.2.6.1 Global Advanced Polymers Market for Marine Industry, 2013 – 2020 (US$ Mn)
      6.2.7 Others
              6.2.7.1 Global Advanced Polymers Market for Other Industries, 2013 – 2020 (US$ Mn)

Chapter 7 Advanced Polymer Composites Market – Regional Segment Analysis
7.1 Global Advanced Polymer Composites Market: Regional Segment Analysis
      7.1.1 Global Advanced Polymer Composites Market Revenue Share By Region, 2013 And 2020
7.2 Global Advanced Polymer Composites Market, by Region
7.3 North America
      7.3.1 North America Advanced Polymer Composites Market Revenue, by Product Segment, 2013 - 2020 (US$ Mn)
      7.3.2 North America Advanced Polymer Composites Revenue, by Resin Type, 2013 - 2020 (US$ Mn)
      7.3.3 North America Advanced Polymer Composites Market Revenue, by Fiber Type, 2013 - 2020 (US$ Mn)
      7.3.4 North America Advanced Polymer Composites Market Revenue, by Applications, 2013 - 2020 (US$ Mn)
      7.3.5 North America Advanced Polymer Composites Market Revenue, by End-user Industry, 2013 - 2020 (US$ Mn)
7.4 Europe
      7.4.1 Europe Advanced Polymer Composites Market Revenue, by Product, 2013 - 2020 (US$ Mn)
      7.4.2 Europe Advanced Polymer Composites Revenue, by Resin Type, 2013 - 2020 (US$ Mn)
      7.4.3 Europe Advanced Polymer Composites Market Revenue, by Fiber Type, 2013 - 2020 (US$ Mn)
      7.4.4 Europe Advanced Polymer Composites Market Revenue, by Applications, 2013 - 2020 (US$ Mn)
      7.4.5 Europe Advanced Polymer Composites Market Revenue, by End-user Industry, 2013 - 2020 (US$ Mn)
7.5 Asia Pacific
      7.5.1 Asia Pacific Advanced Polymer Composites Market Revenue, by Product Segment, 2013 - 2020 (US$ Mn)
      7.5.2 Asia Pacific Advanced Polymer Composites Revenue, by Resin Type, 2013 - 2020 (US$ Mn)
      7.5.3 Asia Pacific Advanced Polymer Composites Market Revenue, by Fiber Type, 2013 - 2020 (US$ Mn)
      7.5.4 Asia Pacific Advanced Polymer Composites Market Revenue, by Applications, 2013 - 2020 (US$ Mn)
      7.5.5 Asia Pacific Advanced Polymer Composites Market Revenue, by End-user Industry, 2013 - 2020 (US$ Mn)
7.6 Rest of the World
      7.6.1 RoW Advanced Polymer Composites Market Revenue, by Product Segment, 2013 - 2020 (US$ Mn)
      7.6.2 RoW Advanced Polymer Composites Revenue, by Resin Type, 2013 - 2020 (US$ Mn)
      7.6.3 RoW Advanced Polymer Composites Market Revenue, by Fiber Type, 2013 - 2020 (US$ Mn)
      7.6.4 RoW Advanced Polymer Composites Market Revenue, by Applications, 2013 - 2020 (US$ Mn)
      7.6.5 RoW Advanced Polymer Composites Market Revenue, by End-user Industry, 2013 - 2020 (US$ Mn)

Chapter 8 Company Profiles
8.1 Arkema S.A.
8.2 BASF SE
8.3 Hexcel Corporation
8.4 Cytec Industries Inc.
8.5 Koninklijke Ten Cate N.V.
8.6 TPI Composites Inc.
8.7 Toray Industries Inc.
8.8 Mitsubishi Rayon Co. Ltd
8.9 Solvay S.A.
8.10 Kemrock Industries and Exports Limited
8.11 SGL Carbon SE
8.12 3B-Fibreglass sprl
8.13 Cristex Ltd
8.14 Owens Corning Corporation

List of Figures 

FIG. 1 Global Advanced Polymer Composites Market Segmentation
FIG. 2 Global Advanced Polymer Composites Market, 2013–2020 (US$ Mn)
FIG. 3 Value Chain Analysis Of The Global Advanced Polymer Composites Market
FIG. 4 Global large commercial aircraft delivery, 2013–2020 (Aircraft Units)
FIG. 5 Cost breakdown of offshore wind farm
FIG. 6 Global cumulative installed wind capacity, 2013–2020 (MW)
FIG. 7 Price comparison of different materials in 2013 (US$ per Kg)
FIG. 8 Cost of Carbon Fiber in Various Sectors in 2013 (US$/Kg)
FIG. 9 Global Automobile Units, 2013–2020 (Million Units)
FIG. 10 Porter’s Five Forces Analysis for Global Advanced Polymer Composites Market
FIG. 11 Global Advanced Polymer Composites Market: Market Attractiveness Analysis
FIG. 12 Global Advanced Polymer Composites Market: Company Market Share Analysis, 2013
FIG. 13 Global Advanced Polymer Composites Market Revenue Share, by Product Segment, 2013 and 2020
FIG. 14 Global Advanced Polymer Composites Market Revenue Share, by Resin Type, 2013 and 2020
FIG. 15 Global Epoxy Resin Market for Advanced Polymer Composites, 2013 - 2020 (US$ Mn)
FIG. 16 Global Phenolic Resin Market for Advanced Polymer Composites, 2013 - 2020 (US$ Mn)
FIG. 17 Global Polyester Resin Market for Advanced Polymer Composites, 2013 - 2020 (US$ Mn)
FIG. 18 Global Others Market for Advanced Polymer Composites, 2013 - 2020 (US$ Mn)
FIG. 19 Global Advanced Polymer Composites Market Revenue Share, by Fiber Type, 2013 and 2020
FIG. 20 Global Carbon Fiber Market for Advanced Polymer Composites, 2013 - 2020 (US$ Mn)
FIG. 21 Global Glass Fiber Market for Advanced Polymer Composites, 2013 - 2020 (US$ Mn)
FIG. 22 Global Aramid Fiber Market for Advanced Polymer Composites, 2013 - 2020 (US$ Mn)
FIG. 23 Global Others Market for Advanced Polymer Composites, 2013 - 2020 (US$ Mn)
FIG. 24 Global Advanced Polymer Composites Market Revenue Share, by Application, 2013 and 2020
FIG. 25 Global Advanced Polymer Composites for Conductor Application, 2013 - 2020 (US$ Mn)
FIG. 26 Global Advanced Polymer Composites for Auto Parts Application, 2013 - 2020 (US$ Mn)
FIG. 27 Global Advanced Polymer Composites Market for Tanks and Pipes Application, 2013 - 2020 (US$ Mn)
FIG. 28 Global Advanced Polymer Composites for Aviation Parts Application, 2013 - 2020 (US$ Mn)
FIG. 29 Global Advanced Polymer Composites Market for Boat Building Applications, 2013 - 2020 (US$ Mn)
FIG. 30 Global Advanced Polymer Composites Market for Wind Blade Applications, 2013 - 2020 (US$ Mn)
FIG. 31 Global Advanced Polymer Composites Market for Other Applications, 2013 - 2020 (US$ Mn)
FIG. 32 Global Advanced Polymer Composites Market Revenue Share, by End-User Industry, 2013 and 2020
FIG. 33 Global Advanced Polymer Composites for Electric and Electronics Industry, 2013 - 2020 (US$ Mn)
FIG. 34 Global Advanced Polymer Composites for Automotive Industry, 2013 - 2020 (US$ Mn)
FIG. 35 Global Advanced Polymer Composites Market for Energy Industry, 2013 - 2020 (US$ Mn)
FIG. 36 Global Advanced Polymer Composites for Aerospace & Aviation Industry, 2013 - 2020 (US$ Mn)
FIG. 37 Global Advanced Polymer Composites Market for Consumer Goods Industry, 2013 - 2020 (US$ Mn)
FIG. 38 Global Advanced Polymer Composites Market for Marine Industry, 2013 - 2020 (US$ Mn)
FIG. 39 Global Advanced Polymer Composites Market for Others Industries, 2013 - 2020 (US$ Mn)
FIG. 40 Global Advanced Polymer Composites Revenue Share, by Region, 2013 and 2020

List of Tables

TABLE 1 Drivers for Global Advanced Polymer Composites Market: Impact Analysis
TABLE 2 Restraints For Global Advanced Polymer Composites Market: Impact Analysis
TABLE 3 North America Advanced Polymer Composites Market Revenue, by Product Segment, 2013 - 2020 (US$ Mn)
TABLE 4 North America Resin Market for Advanced Polymer Composites Revenue, by Resin Type, 2013 - 2020 (US$ Mn)
TABLE 5 North America Advanced Polymer Composites Market Revenue, by Fiber Type, 2013 - 2020 (US$ Mn)
TABLE 6 North America Advanced Polymer Composites Market Revenue, by Applications, 2013 - 2020 (US$ Mn)
TABLE 7 North America Advanced Polymer Composites Market Revenue, by End-user Industry, 2013 - 2020 (US$ Mn))
TABLE 8 Europe Advanced Polymer Composites Market Revenue, by Product, 2013 - 2020 (US$ Mn)
TABLE 9 Europe Advanced Polymer Composites Revenue, by Resin Type, 2013 - 2020 (US$ Mn)
TABLE 10 Europe Advanced Polymer Composites Market Revenue, by Fiber Type, 2013 - 2020 (US$ Mn)
TABLE 11 Europe Advanced Polymer Composites Market Revenue, by Applications, 2013 - 2020 (US$ Mn)
TABLE 12 Europe Advanced Polymer Composites Market Revenue, by End-user Industry, 2013 - 2020 (US$ Mn)
TABLE 13 Asia Pacific Advanced Polymer Composites Market Revenue, by Product Segment, 2013 - 2020 (US$ Mn)
TABLE 14 Asia Pacific Advanced Polymer Composites Revenue, by Resin Type, 2013 - 2020 (US$ Mn)
TABLE 15 Asia Pacific Advanced Polymer Composites Market Revenue, by Fiber Type, 2013 - 2020 (US$ Mn)
TABLE 16 Asia Pacific Advanced Polymer Composites Market Revenue, by Applications, 2013 - 2020 (US$ Mn)
TABLE 17 Asia Pacific Advanced Polymer Composites Market Revenue, by End-user Industry, 2013 - 2020 (US$ Mn)
TABLE 18 RoW Advanced Polymer Composites Market Revenue, by Product Segment, 2013 - 2020 (US$ Mn)
TABLE 19 RoW Advanced Polymer Composites Revenue, by Resin Type, 2013 - 2020 (US$ Mn)
TABLE 20 RoW Advanced Polymer Composites Market Revenue, by Fiber Type, 2013 - 2020 (US$ Mn)
TABLE 21 RoW Advanced Polymer Composites Market Revenue, by Applications, 2013 - 2020 (US$ Mn)
TABLE 22 RoW Advanced Polymer Composites Market Revenue, by End-user Industry, 2013 - 2020 (US$ Mn)


Demand for advanced polymer composites is primarily led by growth in aerospace and wind energy industries across the globe. North America dominates the global market for advanced polymer composites. This report by Transparency Market Research analyzes, estimates, and forecasts demand for advanced polymer composites on a global and regional level for a six-year period from 2014 to 2020. The study also provides information on restraints, drivers, and opportunities along with their impact on the overall market during the forecast period. The report segments the market based on applications and regions and offers estimates and forecasts for each segment. 

The study analyzes the product value chain, from feedstock to end-use. It also evaluates the market based on Porter’s five forces model, which analyzes the degree of competition by considering factors such as bargaining power of buyers and suppliers, and threat from substitute products and new entrants. The report includes a detailed competitive landscape of the advanced polymer composites market.

Prices of advanced polymer composites vary across regions. Pricing for each application varies according to region while estimating and forecasting market revenue on the global basis as different end-users use different types of products. Regional average price has been considered while breaking down the market by end application in each region. Size of the global advanced polymer composites market has been presented in terms of revenue. Market revenue is represented in US$ Mn. Market numbers are provided based on product types, applications and end-user industries for the global as well as regional market. Both domestic and captive sales of advanced polymer composites have been considered. Market numbers are provided based on product types along with market size and forecast for each major product type in the context of the global as well as regional markets. Numbers provided in the report are derived based on demand for advanced polymer composites in various end-user industries across various regions. All prices have been considered as FOB prices. Market revenue has been calculated based on sales and consumption trends. All US$ exchange rates are as of 2013. Prices have been kept constant throughout the forecast period for calculating the market size.

Market estimates for this study are based on revenues derived through regional pricing trends. Prices of commonly utilized grades of advanced polymer composites have been considered, and customized product pricing has not been included. Market data for each segment is based on production volumes and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct-selling regional producers, based on manufacturer feedback and application requirement. We have used the bottom-up approach by considering individual application segments and integrating these to arrive at the global market. Product segments have been further bifurcated using the top-down approach to derive the regional product market consumption. The study covers manufacturers of advanced polymer composites. We have not included unorganized sectors of the market due to lack of secondary or primary data on this segment.

The report provides a decisive view on the advanced polymer composites market by segmenting it based on applications, end-users, and regions. Based on applications, the market has been segmented into conductors, auto parts, tanks & pipes, aviation parts, boat building, wind blades, and others (including sports goods). Application segments have been analyzed based on present and future trends, and the market has been estimated from 2014 to 2020. Regional segmentation includes the current and forecast demand in North America, Europe, Asia Pacific, and Rest of the World.

Leading manufacturers profiled in the report include Arkema SA, BASF SE, Hexcel Corporation, Cytec Industries Inc., Koninklijke Ten Cate nv, SGL Carbon SE, Solvay S.A., TPI Composites Inc. and Owens Corning Corporation. These companies are profiled in detail with features such as company overview, financial overview, business strategies, and recent developments.

Global Advanced Polymer Composites Market – Raw Material Analysis
  • Resin
    • Epoxy resin
    • Phenolic resin
    • Polyester resin
    • Others (including polyacrylic resin)
  • Fiber
    • Carbon
    • Glass
    • Aramid
    • Others (including boron and Kevlar)
Global Advanced Polymer Composites Market – Application Analysis
  • Conductors
  • Auto parts
  • Tanks & pipes
  • Aviation parts 
  • Boat building 
  • Wind blades
  • Others (including sports goods)
Global Advanced Polymer Composites Market – End-user Analysis
  • Electrical & electronics
  • Automotive
  • Energy
  • Aerospace & aviation
  • Consumer goods
  • Marine
  • Others (including building & construction and industrial)
Global Advanced Polymer Composites Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World