Transport Sector to Witness High Demand for Advanced Composites through 2023
Increasing
demand for lightweight material from transportation and aerospace sectors along
with rising automobile sales to boost global advanced composites market through
2023
According to TechSci Research report, “Global Advanced Composites Market By Fiber Type, By Resin Type, By
End Use Industry, By Manufacturing Process, By Region, Competition Forecast
& Opportunities, 2013-2023”, global advanced composites market
is forecast to
surpass $ 36 billion by
2023. Advanced composites are light
weight, corrosion resistant and have high tensile strength and flexibility, and
these properties make them versatile for different applications across diverse sectors.
Over the past few years,
demand for lightweight and corrosion resistance materials across different
sectors has been increasing at a rapid pace. Products which are manufactured using
advanced composites are lighter in weight as compared to conventional plastic
material. Consequently, advanced composites are becoming a preferred polymer
type across various sectors, specifically aerospace and transportation sector.
Browse 43
market data Table and 152 Figures spread through 208 Pages and an in-depth
TOC on "Global
Advanced Composites Market"
https://www.techsciresearch.com/report/global-advanced-composites-market/2381.html
In 2017, S-Glass fiber
composites accounted for the largest share in the global advanced composites
market. Dominance
of this segment is led by surging demand for glass
fiber composites in aerospace, automotive, wind energy, and construction &
infrastructure applications, owing to their lightweight, high inherent
strength, weather-resistant finish, and variety in surface textures. A large demand for advanced
composites emanates from North America on account of growing demand for
advanced composites in the US and Canada across aerospace, wind energy and
transportation applications. Moreover, presence
of major carbon fiber and glass fiber manufacturers in North America is further
driving growth in North America advanced composites market. Moreover, many
chemical manufacturers such as Plasan Carbon Composites, Hexcel Corp. Industry,
etc., are planning to develop different production units and products over
the next three to four years,
thereby making North America the biggest demand generating region for advanced
composites.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2381
Customers can
also request for 10% free customization on this report.
Advanced composites enable design flexibility due to which their demand
is increasing across various end use industries. “Rising
focus on research and development activities due to high competition in
advanced composites market is likely to fuel growth in global advanced
composites market. Moreover, a growing number of companies are increasingly
focusing on new product launches in order to carve their place in a highly
competitive market, which would positively influence global advanced composites
market during the forecast period.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Advanced Composites Market By Fiber Type, By Resin Type, By End
Use Industry, By Manufacturing Process, By Region, Competition Forecast &
Opportunities, 2013-2023”
has evaluated the future growth potential of global advanced composites market
and provides statistics and information on market structure, size, share and trends.
The report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the global advanced composites market.
About TechSci Research
TechSci Research is a leading global market
research firm publishing premium market research reports. Serving 700 global
clients with more than 600 premium market research studies, TechSci Research is
serving clients across 11 different industrial verticals. TechSci Research
specializes in research based consulting assignments in high growth and
emerging markets, leading technologies and niche applications. Our workforce of
more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]