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Top 10 High Growth Composite Material Market

Top 10 High Growth Composite Material Market: Global Analysis

  • February 2017
  • 212 pages
  • ID: 4911715
In this report:
The aerospace & defense end-use application accounted for the largest share of ##.##% in the global CFRP application market; i.e., ##.## kilotons in 2015 and is projected to reach ##.## kilotons by 2021, due to the high demand for carbon fiber composites in commercial passenger aircrafts and fighter planes across the globe.

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"The top 10 high increase composite materials market is estimated to rise at a compound annual growth rate of ~7.0 percent during forecast period"

The top 10 high increase composite materials market is estimated to grow ~$69.5B in 2015 to ~$105.3B by 2021, at a compound annual growth rate of ~7.0 percent between 2016 and 2021. The main factor anticipated to boost the market increase is strong demand for top 10 composite materials from the the aerospace & defense, wind, and transportation applications. Nevertheless, the high cost of manufacturing and raw materials and recyclability issue combined with composites may restrain the increase of the market.

"The aerospace & defense application led the top 10 high increase composite materials market"

The aerospace & defense application led the top 10 high increase composite materials market, by value. Composite aerospace structures are required to survive extreme operating conditions, including high stress, shock, and impact loads. These requirements of complex aerospace structures are fulfilled by composites. There is a rise in the industry demand for top 10 composite materials, due to the development of new aircraft, including Airbus A350 XWB and A320neo and Boeing 787 and 737 MAX.

"Asia-Pac (APAC) is intended to be the quickest increasing market for top 10 high increase composite materials."

APAC is forecasted to be the quickest developing market for top 10 high increase composite materials in the upcoming five years. The industry in the area is forecast to be driven by growing consumption of top 10 composite materials in different applications, including wind energy, construction, electrical & electronics, and transportation. China (CN) led the top 10 high increase composite materials market in Asia-Pac. The wind energy sector in China (CN) witnessed the more important number of wind energy installations in 2015; it added 30.8 GW of new capacity. Wind energy being one of the main applications of composites, and is anticipated to drive the sector in the area.

This analysis has been approved through primaries managed with different market experts, globally.

Those primary sources have been sliced into following three categories:

• By type of company- tier 1 70.0 percent, Tier 2 25.0 percent, and Tier 3 5.0 percent

• By designation- C Level- 31.0 percent, Director Level- 46.0 percent, and Others- 23.0 percent

• By region- North america (NA)- 65%, EU- 24.0 percent, Asia-pac- 9%, and RoW- 2.0 percent

Segment Research

This business report includes the top 10 reports associated to composites and forecasts the market size until 2021. The market research includes the report wise market segmentation established on resin type, application, fiber type, process type, and area (North America continent, Europe (EU), Asia Pacific (APAC), Latin America area and Middle East (ME) & African continent). Porter's five forces analysis, together with drivers, industry restraints, opportunities and possibilities, has been discussed in the industry report. The study also offers company profiles of main actors and competitive landscape approved by these market actors in the top 10 high increase composite materials market.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the top 10 high increase composite materials market reports comprehensively and provides the best approximations of the revenue data for the global market and the sub segments across several verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the competitor and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, exhibitions, and mergers & acquisitions.

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