Global Advanced Polymer Composites Market: Snapshot

The global advanced polymer composites market is projected to grow at a rapid pace in the coming years due to widening applications of these materials. Booming industrialization and flourishing alternative energy sector are expected to give the advanced polymer composites a definite boost. The aerospace industry is projected to be the key consumer in the coming years as advanced polymer composites are used for making aircraft parts such as engine nacelles, elaborators, wings, ailerons, floor beams, landing gear doors, rudders, and other components as these ensure remarkable operational efficiency.

According to Transparency Market Research, the global advanced polymer composites market is expected to be worth US$12.1 bn by the end of year 2020 from US$7.4 bn in 2013. Analysts anticipate that between 2014 and 2020, the global advanced polymer composites market is expected to exhibit a CAGR of 7.20%.

Aerospace Industry Makes a Heavy Impact on the Global Advanced Polymer Composites Market

The end-user industries in the global advanced polymer composites market are marine, electrical and electronics, aerospace and aviation, consumer goods, automotive, and energy amongst others. Out of these, the aerospace industry is expected to lead the global market in the coming years. As of 2013, the industry held a 40% share in the global market and the trend is expected to continue as industry continues to invest in research and development, overhauling of existing machines, and building new ones as air travel becomes an indispensable part of modern living. The soaring demand for aircraft carriers from a defense and logistics side will also boost the uptake of advanced polymer composites in the aerospace industry.

Accelerating Adoption of Advanced Polymer Composites across North America and Europe to Remain a Key Trend

On the basis of geography, the global advanced polymer composites market is segmented into Europe, North America, Asia Pacific, and Rest of the World. Analysts anticipate that North America and Europe will hold a significant share in the global market for advanced polymer composites market in the coming years. An ever-growing consumer base due to a well-established automotive sector is expected to fuel the progress of these regional markets.

The report predicts that increasing efforts to curb the usage of fossil fuels across developed regions has augmented the installations of wind power generation plants. This move is expected to give the North America and Europe advanced polymer composites market a shot in the arm. Composite materials are extensively used for making windmill or turbine blades as they offer excellent durability and strength. In addition to this factor, the advanced polymer composites market in these regions will also be fueled by growing sales of luxury boats, such as yachts. Given the list of factors that are driven by changing consumer preferences dictated by rising disposable income to government initiatives, the advanced polymer composites market in North America and Europe has a wide spectrum of reasons for growth in the coming years.

Competitive Landscape

Vendors operating in the global advanced polymer composites market are expected to rise the wave of the excellent opportunities being provided by the booming automotive sector. The leading players making their mark in the global market for advanced polymer composites are Owens Corning, SGL Carbon, Cristex, Solvay, Toray Industries, Mitsubishi Rayon, Hexcel, Cytec Industries, Arkema, and BASF.

 
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
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