DecisionDatabases.com offers Advanced Polymer Composites Market Research Report. This Report covers the complete Industry Outlook, Growth, Size, Share and Forecast Till 2023.
Mumbai, India -- (SBWIRE) -- 08/28/2017 -- The new research report on Advanced Polymer Composites Market offered by DecisionDatabases.com provides Global Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2023. Polymer composites are made up of two components which are a polymer matrix and a reinforcing fiber material. A variety of fibers (like carbon, glass, and aramid) and polymer resins (such as epoxy, polyester, phenol, and polyacrylic) are used in manufacturing polymer composites. Advanced composite materials have properties such as higher durability, structural rigidity and material strength. These composites help in higher fuel efficiency through weight reduction. These polymer composites find applications in the aerospace and aviation, automotive, electronics, energy, and marine industries.
Advanced polymer composites are classified by raw material into two types i.e. resin and fibers. The resins are classified into epoxy resin, phenolic resin, polyester resin and others (including polyacrylic resin). The fibers are classified into carbon, glass, aramid and others (including boron and kevlar). Advanced polymer composites are classified by application as conductors, auto parts, tanks & pipes, aviation parts, boat building, wind blades and others (including sports goods). Advanced polymer composites are segmented by end user as electrical & electronics, automotive, energy, aerospace & aviation, consumer goods, marine and others (including building & construction and industrial).
The key drivers for the growth of Advanced Polymer Composites are high commercial aircraft demand and rising aviation fuel costs. The expanding application of advanced polymer composites in the wind energy sector will also help to fuel the market. The key constraints for this market are high production costs of carbon fiber. The players in the global advanced polymer composites market will be benefited by the opportunity presented by the automobile sector increasing its demand for advanced polymer composites during the forecast period.
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North America is the largest market for Advanced Polymer Composites followed by Europe and Asia Pacific. It is due to presence of several aircraft makers in North America. The Asia Pacific advanced polymer composites market is expected to grow at the fastest growth in the forecast period due to the rising demand from its end-use industries. The key companies operating in the global advanced polymer composites market are Owens Corning, Cristex, SGL Carbon, Solvay, Mitsubishi Rayon, Toray Industries, Cytec Industries, Hexcel, BASF, and Arkema.
A. Advanced Polymer Composites By Raw Material
- Epoxy Resin
- Phenolic Resin
- Polyester Resin
- Others (Including Polyacrylic Resin)
- Others (Including Boron And Kevlar)
B. Advanced Polymer Composites By Application
- Auto Parts
- Tanks & Pipes
- Aviation Parts
- Boat Building
- Wind Blades
- Others (Including Sports Goods)
C. Advanced Polymer Composites By End-User
- Electrical & Electronics
- Aerospace & Aviation
- Consumer Goods
- Others (Including Building & Construction And Industrial)
D. Advanced Polymer Composites By Geography
- Asia Pacific
- North America
- Latin America
- Middle East And Africa
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