The Professional Report Advance Composite Market Published by Genesis Market Insights. Advance Composite Market Report covers in detail information of Global Strategies, market figures, Regional analysis, and others. The report is easier to make a decision and can cover the required assessment and helps to drive the stronger business.
GLOBAL ADVANCED COMPOSITES MARKET was valued at USD 23.80 Billion in the year 2017. Global Advanced Composites Market is further estimated to grow at a CAGR of 8.97% from 2017 to reach USD 39.85 Billion by the year 2023.
North America region holds the highest market share in 2017 and European market is considered to be the fastest growing market in the forecasted period. At a country level, developed markets like the U.S.
hold a notable market share in 2016 and it is projected to grow at a gradual rate in the coming years.
Koninklijke Ten Cate BV (Netherlands), Mitsubishi Chemical Holdings Corporation (Japan), Toray Industries, Inc. (Japan), Teijin Limited (Japan) are some of the key players in the Advanced Composites Market with Koninklijke Ten Cate BV holding the considerable market share because of its better global presence both at production and at an operational level.
Rising research and development expenses to satisfy changing demands of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in last 5 years.
Rising demand in Aerospace & Defense industry
The high cost of raw materials used for manufacturing
Emerging market pose an opportunity
Recycling products & reducing wastes
Segmentation done on the basis of the end-user industry includes Transportation, Aerospace & Defense, Civil Engineering, Electrical & Electronics segments. Aerospace & Defense segment is expected to hold the highest market share during the forecast period.
The Transportation segment is also expected to grow at the highest CAGR of during the year 2018-2023.
Key Benefits for Stakeholders
Advanced Composites Manufacturers, Distributors, and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By End-Use Industry
Aerospace & Defense
Electrical & Electronics
Resin Transfer Molding Process
Compression Molding Process
Injection Molding Process
Filament Winding Process
Key Market Players
Koninklijke Ten Cate BV. (Netherlands)
Mitsubishi Chemical Holdings Corporation (Japan)
Toray Industries, Inc. (Japan)
Teijin Limited (Japan)
Huntsman International, LLC. (U.S.)
Hexcel Corporation (U.S.)
SGL Group (Germany)
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