Advanced Composites Market Research Report- Forecast to 2023

Advanced Composites Market Research Report- Forecast to 2023

ID: MRFR/CnM/3257-HCRR | November, 2018 | Region: Global | 134 pages | Half-Cooked Research Reports

Global Advanced Composites Market Information- by Resin Type (Thermosets and Thermoplastics), by Application (Aerospace, Transport, Electronics, Sports, Energy, Construction and Others), Forecast till 2023


Synopsis of Advanced Composites Market:


Advanced composites are a combination of polymer materials inserted in a resin matrix. They are also called polymer matrix composites. They are known for their extraordinary strength, mechanical resistance, stiffness and modulus of elasticity. Excellent dimensional ability, thermal conductivity, lightweight and electrical properties are the important trends and factors promoting the market confidently. It is projected that the Advanced Composites Market is set to grow at a higher CAGR owing to its growing demand observed in end use industries such as oil & gas, buildings and construction, automotive, aerospace, electronics, marine, and others.


As per our Market Analysis, the Advanced Composites Market is segregated into type and application. The market by type is further categorized into thermoset and thermoplastic resins. Of these, thermoset resins are further sub-divided into epoxy, polyurethanes, phenolic and amino resins. Thermoset resins are formed by curing reaction that occurs at 200 degrees celsius. Once thermoset resins are formed, they can’t be remolded or reshaped. They offer exceptional impact resistance and durability. Due to these features, the market is projected to witness a rapid growth in the thermoset resin segment. On the other hand, thermoplastic resins are formed above a specific temperature and then solidify on cooling. These resins can be reshaped and remolded. The Advanced Composites Market is predicted to witness a higher CAGR due to its growing use in end use industries such as aerospace, transport, electronics, and others, during the forecast period, 2017-2023. 


The Global Advanced Composites Market Share by Application:
Advanced Composites Market


Regional Analysis:


The Advanced Composites Market is segregated into five key regions namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Among these, Asia Pacific is projected to hold the major share in the market due to growing production of thermoset resins in major end industries such as buildings and construction, automobile, sports, and others. Countries such as China, Japan and India have become apparent as the leading players in this region. The growing demand from the major industries has propelled Advanced Composites Market to witness a higher CAGR during the forecast period, 2017-2023.


The European region has witnessed a significant growth in the Advanced Composites Market due to its increasing demand of epoxy resins in heavy end industries. It is projected that Germany, the U.K. and Italy are the leading players in this region due to increasing use of thermoset resins in aerospace, energy, sports, and other sectors.


The North American Market is estimated to witness a notable growth due to growing consumption of thermoset resins in buildings and construction, automotive, marine and aviation sectors. It is estimated that thermoset segment is projected to lead the market in this region due to increasing demand of epoxy resins in construction, electrical & electronics industries. Owing to these factors, the U.S.A, Canada and Mexico are projected to be the major contributors to the market during the forecast period. The Middle East & Africa is predicted to witness a significant growth in the market due to growing use of advance composites in oil & gas, energy, sports, and others. Moreover, it is estimated that the growing consumption of Advanced Composites in natural gas vehicles has propelled the Latin American region to witness a higher CAGR during the forecast period.


Segmentation:


The Global Advanced Composites Market is segmented into resin type and application. On the basis of resin type, the market is classified into thermoset and thermoplastic. Among these, thermoset segment is estimated to hold the major share in the market owing to its excellent stiffness, light weight and durability features. Thermoset segment is further sub-divided into epoxy resins, polyurethanes, phenolic and amino resins. It is predicted that epoxy resin segment is set to grow at a higher CAGR due to its growing consumption in end use industries. Applications segment further differentiated into aerospace, transport, electronics, sports, energy, construction and others. Among these, aerospace is projected to be the major segment in this market.


Key Players:


Some of the prominent players functioning in the Global Advanced Composites Market: The 3M company (U.S.A.), Axalta Coating Systems, LLC (U.S.A.), PPG industries (U.S.A.), TEIJIN LIMITED (Japan), Koninklijke Ten Cate bv (the Netherlands), Hexcel Corporation( U.S.A.), Toyota Motor Corporation( Japan), Cytec Solvay Group( U.S.A.), Hexcel Corporation( U.S.A.),among others.


Geographical Analysis:


The report covers brief analysis of geographic regions such as Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Advanced Composites Manufacturers

  • Traders and Distributors of Advanced Composites

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory

Table of Contents:

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Advanced composites Market

5 Industry Overview of Global Advanced composites Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Advanced composites Market by Resin Type

7.1 Introduction

7.2 Thermoset

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

7.3 Thermoplastic

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

8. Global Advanced composites Market by Application

8.1 Introduction

8.2 Aerospace

8.2.1 Market Estimates & Forecast, 2017-2023

8.2.2 Market Estimates & Forecast by Region, 2017-2023

8.3 Transport

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Region, 2017-2023

8.4 Electronics

8.4.1 Market Estimates & Forecast, 2017-2023

8.4.2 Market Estimates & Forecast by Region, 2017-2023

8.5 Sports

8.5.1 Market Estimates & Forecast, 2017-2023

8.5.2 Market Estimates & Forecast by Region, 2017-2023

8.6 Energy

8.6.1 Market Estimates & Forecast, 2017-2023

8.6.2 Market Estimates & Forecast by Region, 2017-2023

8.7 Construction

8.6.1 Market Estimates & Forecast, 2017-2023

8.6.2 Market Estimates & Forecast by Region, 2017-2023

8.8 Others

8.6.1 Market Estimates & Forecast, 2017-2023

8.6.2 Market Estimates & Forecast by Region, 2017-2023

9. Global Advanced composites Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2017-2023

9.2.2 Market Estimates & Forecast by Type, 2017-2023

9.2.3 Market Estimates & Forecast by Application, 2017-2023

9.2.4 US

10.2.4.1 Market Estimates & Forecast, 2017-2023

10.2.4.2 Market Estimates & Forecast by Type, 2017-2023

10.2.4.3 Market Estimates & Forecast by Application, 2017-2023

9.2.5 Canada

10.2.5.1 Market Estimates & Forecast, 2017-2023

10.2.5.2 Market Estimates & Forecast by Type, 2017-2023

10.2.5.3 Market Estimates & Forecast by Application, 2017-2023

9.2.6 Mexico

9.2.6.1 Market Estimates & Forecast, 2017-2023

9.2.6.2 Market Estimates & Forecast by Type, 2017-2023

9.2.6.3 Market Estimates & Forecast by Application, 2017-2023

9.3 Europe

9.3.1 Market Estimates & Forecast, 2017-2023

9.3.2 Market Estimates & Forecast by Type, 2017-2023

9.3.3 Market Estimates & Forecast by Application, 2017-2023

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2017-2023

9.3.4.2 Market Estimates & Forecast by Type, 2017-2023

9.3.4.3 Market Estimates & Forecast by Application, 2017-2023

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2017-2023

9.3.5.2 Market Estimates & Forecast by Type, 2017-2023

9.3.5.3 Market Estimates & Forecast by Application, 2017-2023

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2017-2023

9.3.6.2 Market Estimates & Forecast by Type, 2017-2023

9.3.6.3 Market Estimates & Forecast by Application, 2017-2023

9.3.7 UK

9.3.7.1 Market Estimates & Forecast, 2017-2023

9.3.7.2 Market Estimates & Forecast by Type, 2017-2023

9.3.7.3 Market Estimates & Forecast by Application, 2017-2023

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2017-2023

9.4.2 Market Estimates & Forecast by Type, 2017-2023

9.4.3 Market Estimates & Forecast by Application, 2017-2023

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2017-2023

9.4.5.2 Market Estimates & Forecast by Type, 2017-2023

9.4.5.3 Market Estimates & Forecast by Application, 2017-2023

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2017-2023

9.4.6.2 Market Estimates & Forecast by Type, 2017-2023

9.4.6.3 Market Estimates & Forecast by Application, 2017-2023

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2017-2023

9.4.7.2 Market Estimates & Forecast by Type, 2017-2023

9.4.5.3 Market Estimates & Forecast by Application, 2017-2023

9.4.8 Rest of Asia Pacific

9.4.8.1 Market Estimates & Forecast, 2017-2023

9.4.8.2 Market Estimates & Forecast by Type, 2017-2023

9.4.8.3 Market Estimates & Forecast by Application, 2017-2023

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2017-2023

9.5.2 Market Estimates & Forecast by Type, 2017-2023

9.5.3 Market Estimates & Forecast by Application, 2017-2023

9.5.4 Saudi Arabia

9.5.4.1 Market Estimates & Forecast, 2017-2023

9.5.4.2 Market Estimates & Forecast by Type, 2017-2023

9.5.4.3 Market Estimates & Forecast by Application, 2017-2023

9.5.5 Qatar

9.5.5.1 Market Estimates & Forecast, 2017-2023

9.5.5.2 Market Estimates & Forecast by Type, 2017-2023

9.5.5.3 Market Estimates & Forecast by Application, 2017-2023

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2017-2023

9.5.6.2 Market Estimates & Forecast by Type, 2017-2023

9.5.6.3 Market Estimates & Forecast by Application, 2017-2023

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2017-2023

9.5.7.2 Market Estimates & Forecast by Type, 2017-2023

9.5.7.3 Market Estimates & Forecast by Application, 2017-2023

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2017-2023

9.5.8.2 Market Estimates & Forecast by Type, 2017-2023

9.5.8.3 Market Estimates & Forecast by Application, 2017-2023

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2017-2023

9.6.2 Market Estimates & Forecast by Type, 2017-2023

9.6.3 Market Estimates & Forecast by Application, 2017-2023

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2017-2023

9.6.4.2 Market Estimates & Forecast by Type, 2017-2023

9.6.4.3 Market Estimates & Forecast by Application, 2017-2023

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2017-2023

9.6.5.2 Market Estimates & Forecast by Type, 2017-2023

9.6.5.3 Market Estimates & Forecast by Application, 2017-2023

9.6.6 Rest of Latin America

9.6.6.1 Market Estimates & Forecast, 2017-2023

9.6.6.2 Market Estimates & Forecast by Type, 2017-2023

9.6.6.3 Market Estimates & Forecast by Application, 2017-2023

11. Company Landscape

12. Company Profiles

12.1 3M

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Axalta Coating Systems

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 PPG industries

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 TEIJIN LIMITED

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Koninklijke Ten Cate

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Hexcel Corporation

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Toyota Motor Corporation

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Cytec Solvay Group

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 Hexcel Corporation

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

13 Conclusion



List of Tables:

Table 1 World Population by Major Regions (2016 To 2030)

Table 2 Global Advanced composites Market: By Region, 2016-2023

Table 3 North America Advanced composites Market: By Country, 2016-2023

Table 4 Europe Advanced composites Market: By Country, 2016-2023

Table 5 Asia-Pacific Advanced composites Market: By Country, 2016-2023

Table 6 Middle East & Africa Advanced composites Market: By Country, 2016-2023

Table 7 Latin America Advanced composites Market: By Country, 2016-2023

Table 8 Global Advanced composites by Type Market: By Regions, 2016-2023

Table 9 North America Advanced composites by Type Market: By Country, 2016-2023

Table10 Europe Advanced composites by Type Market: By Country, 2016-2023

Table11 Asia-Pacific Advanced composites by Type Market: By Country, 2016-2023

Table12 Middle East & Africa Advanced composites by Type Market: By Country, 2016-2023

Table13 Latin America Advanced composites by Type Market: By Country, 2016-2023

Table14 Global Advanced composites by Application Market: By Regions, 2016-2023

Table15 North America Advanced composites by Application Market: By Country, 2016-2023

Table16 Europe Advanced composites by Application Market: By Country, 2016-2023

Table17 Asia-Pacific Advanced composites by Application Market: By Country, 2016-2023

Table18 Middle East & Africa Advanced composites by Application Market: By Country, 2016-2023

Table19 Latin America Advanced composites by Application Market: By Country, 2016-2023

Table20 Global Type Market: By Region, 2016-2023

Table21 North America Advanced composites Market, By Country

Table22 North America Advanced composites Market, By Type

Table23 North America Advanced composites Market, By Application

Table24 Europe: Advanced composites Market, By Country

Table25 Europe: Advanced composites Market, By Type

Table26 Europe: Advanced composites Market, By Application

Table27 Asia-Pacific: Advanced composites Market, By Country

Table28 Asia-Pacific: Advanced composites Market, By Type

Table29 Asia-Pacific: Advanced composites Market, By Application

Table30 Middle East & Africa: Advanced composites Market, By Country

Table31 Middle East & Africa Advanced composites Market, By Type

Table32 Middle East & Africa Advanced composites Market, By Application

Table33 Latin America: Advanced composites Market, By Country

Table34 Latin America Advanced composites Market, By Type

Table35 Latin America Advanced composites Market, By Application



List Of Figures:

FIGURE 1 Global Advanced composites market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Advanced composites Market

FIGURE 4 Value Chain of Global Advanced composites Market

FIGURE 5 Share of Global Advanced composites Market in 2016, by country (in %)

FIGURE 6 Global Advanced composites Market, 2016-2023,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Advanced composites Market size by Type, 2016

FIGURE 9 Share of Global Advanced composites Market by Type, 2016 to 2023

FIGURE 10 Global Advanced composites Market size by Application, 2016

FIGURE 11 Share of Global Advanced composites Market by Application, 2016 to 2023