Global Advanced Polymer Composites Market Report and Forecast 2023-2028
Market Report I 2023-07-29 I 173 Pages I EMR Inc.
Global Advanced Polymer Composites Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global advanced polymer composites market reached a value of approximately USD 18.84 billion in 2022. Aided by the rising demand for lightweight and high-performance materials across various industries and the broadening applications of advanced polymer composites, the market is projected to further grow at a CAGR of 6.20% between 2023 and 2028 to reach a value of USD 26.95 billion by 2028.
Advanced polymer composites are composite materials composed of a polymer matrix reinforced with a high-performance fibrous material. The unique properties of these composites, such as high strength-to-weight ratio, superior durability, and excellent resistance to heat, chemicals, and wear, make them ideal for use in numerous products and applications. They are extensively used in the automotive, aerospace, energy, and construction sectors, among others.
The accelerating demand for lightweight yet robust materials in various industries is propelling the global advanced polymer composites market growth. With increasing fuel efficiency requirements and stricter emission regulations in sectors like automotive and aerospace, there is a significant shift towards the adoption of these high-performance composites. Moreover, the growing trend of miniaturisation in electronics and the need for durable materials in the energy sector have led to a surge in demand for advanced polymer composites.
The expanding applications of advanced polymer composites also contribute substantially advanced polymer composites market expansion. In the aerospace industry, these composites are employed in the manufacturing of aircraft components due to their weight reduction capabilities, thus enhancing fuel efficiency. The automotive sector uses them for producing parts like body panels, engine components, and structural parts to improve vehicle performance. In the energy sector, they are utilised for manufacturing wind turbine blades due to their durability and strength.
Furthermore, the demand for advanced polymer composites in the construction industry has seen a significant rise. Their corrosion-resistant properties make them a suitable choice for building bridges, decks, and reinforcements. This shift towards advanced polymer composites in the construction sector is expected to further bolster the advanced polymer composites market demand.
With the rise of renewable energy and the increasing popularity of electric vehicles, advanced polymer composites have emerged as a critical component in manufacturing wind turbine parts and electric vehicle components, thereby boosting the advanced polymer composites market expansion.
Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
- Resins
o Epoxy Resins
o Phenolic Resins
o Polyester Resins
o Others
- Fibres
o Carbon
o Aramid
o Glass
o Others
- Others
Market Breakup by Application
- Auto Parts
- Conductors
- Tanks and Pipes
- Aviation Parts
- Wind Blades
- Boat Building
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global advanced polymer composites companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- BASF SE
- Arkema
- Owens Corning
- 3B-the fiberglass Company
- Solvay S.A.
- Cristex Ltd
- SGL Carbon SE
- Hexcel Corporation
- DuPont de Nemours, Inc.
- Toray TCAC Holding B.V
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Advanced Polymer Composites Market Analysis
8.1 Key Industry Highlights
8.2 Global Advanced Polymer Composites Historical Market (2018-2022)
8.3 Global Advanced Polymer Composites Market Forecast (2023-2028)
8.4 Global Advanced Polymer Composites Market by Product
8.4.1 Resins
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Epoxy Resins
8.4.1.4.2 Phenolic Resins
8.4.1.4.3 Polyester Resins
8.4.1.4.4 Others
8.4.2 Fibres
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Type
8.4.2.4.1 Carbon
8.4.2.4.2 Aramid
8.4.2.4.3 Glass
8.4.2.4.4 Others
8.4.3 Others
8.5 Global Advanced Polymer Composites Market by Application
8.5.1 Auto Parts
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Conductors
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Tanks and Pipes
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Aviation Parts
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Wind Blades
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Boat Building
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Advanced Polymer Composites Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Advanced Polymer Composites Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Advanced Polymer Composites Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Advanced Polymer Composites Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Advanced Polymer Composites Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Advanced Polymer Composites Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BASF SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Arkema
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Owens Corning
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 3B-the fiberglass Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Solvay S.A.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Cristex Ltd
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 SGL Carbon SE
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Hexcel Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 DuPont de Nemours, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Toray TCAC Holding B.V
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
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