Report Description

Global Advanced Composites Market By Fiber Type (S-Glass Composites, etc.), By Resin Type (Advanced Thermosetting & Advanced Thermoplastic), By End Use Industry, By Manufacturing Process, By Region, Competition Forecast & Opportunities, 2013-2023

  • Publish Date:March, 2018
  • Format : PDF
  • Pages : 208
  • Industry : Chemicals

Global advanced composites market stood at $ 22 billion in 2017 and is projected to grow at a CAGR of more than 9%, to surpass $ 36 billion by 2023. Growth in the market can be attributed to diverse applications of advanced composites in multiple industries such as aerospace, automotive, building & construction, transportation, electrical and electronics and many others. Moreover, demand for lightweight composites is increasing in aerospace and transport sector, thereby contributing to the overall growth of the global advanced composites market. Additionally, various advanced composites manufacturers such as Plasan Carbon Composites, Hexcel Corp. Industry, etc., are planning to expand composite production capacity across various countries, to cater to the growing global demand for advanced composites based products in the coming years.

Years Considered for this Report:

Historical Years: 2013 – 2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019 – 2023

Objective of the Study:

  • The primary objective of the study was to evaluate and forecast the global advanced composites market size.
  • To categorize the market on the basis of Fiber Type, Resin Type, End Use Industry, Manufacturing Process, Region and Company.
  • To understand major policies and regulations which can positively or negatively impact the global advanced composites market.
  • To identify major drivers, challenges and trends in the global advanced composites market.
  • To identify major customers and distributors of advanced composites in the global market.
  • To evaluate pricing analysis in the global advanced composites market.
  • To identify and profile major companies operating in the global advanced composites market.

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Some of the major players operating in the global advanced composites market are Toray Industries Inc., Hexcel Corporation, Solvay SA, Teijin Limited, Mitsubishi Chemical Holding Corporation, SGL Carbon SE, TenCate Advanced Composites BV, Plasan Carbon Composites, Inc., DowAksa Advanced Composites Holdings BV, and BASF SE, among others.

To extract data for global advanced composites market, primary research surveys were conducted with advanced composites manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, TechSci Research analyzed various end user segments and projected a positive outlook for the global advanced composites market over the coming years.

TechSci Research calculated the global advanced composites market size using a bottom-up approach, wherein manufacturers’ value sales data for application types (Automotive, Aerospace, Construction, Electricals and Electricals, and Others) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as Company Websites, Association Reports, Annual Reports, Ministry of Corporate Affairs, etc., were also studied by TechSci Research.