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High Performance Composites Market by Resin Type, Fiber Type Application, Region - Global Forecast to 2022

High Performance Composites Market: Global Forecast until 2022

  • July 2017
  • 203 pages
  • ID: 5028023
In this report:
Investment of USD ##.## billion on the installation of ##,## MW capacity wind energy is expected to drive the market for high performance composites in the wind turbine sector; the wind energy accounted for ##.##% of the total energy demand of European Union in 2016.
According to Asociación de Fabricantes de Automotores (ADEFA), car and light vehicle production rose by ##%, to ##,## units by the end of 2016.

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"The high performance composites market is estimated to rise at a compound annual growth rate of 6.00 percent between 2017 and 2022."

The high performance composites market was estimated at ~$23.5B in 2016 and is projected to extend ~$33.3B by 2022, at a compound annual growth rate of 6.00 percent between 2017 and 2022. Expanded demand for high performance composites for the automotive, aerospace & defense, pressure vessels, wind turbines, medical, and construction applications is predicted to push the rise of the high performance composites market across the world. Improved properties provided by high performance composites, which include lightweight, high strength, gained corrosion resistance, high impact strength, excellent design flexibility, enhanced dimensional stability, low thermal conductivity, and high durability contribute to the raised demand for these high performance composites from different industries. Furthermore, these composites are also non-conductive, non-magnetic, and radar transparent. Nevertheless, concerns regarding recyclability of high performance composites are the main factor anticipated to restrain the increase of the high performance composites market during the outlook period between 2017 and 2022.

"The wind turbine application segment of the high performance composites market is projected at the highest compound annual growth rate (CAGR) during the estimate period between 2017 and 2022."

The wind turbine application segment of the high performance composites market is expected to rise at the maximal CAGR during the outlook period, in terms of value importance. The rise of this segment of the industry can be accredited to the increased use of high performance composites for manufacturing several structural parts of wind turbines, including blades and nacelles. The structural parts of wind turbines that are made of high performance composites need low maintenance and offer a high strength-to-weight ratio. These composites are largely replacing traditional materials, including metals and alloys in wind turbines due to their superior mechanical properties and high performance.

"The S-glass fiber type segment of the high performance composites market is presumed to grow at the maximal CAGR (Compound annual growth rate) between 2017 and 2022."

The S-glass fiber type segment of the high performance composites market is expected to increase at the maximal compound annual growth rate (CAGR) between 2017 and 2022. The increase of this segment of the sector can be connected to increased use of S-glass high performance composites in military aircraft for fuselage skins, floor panels, and fire walls as these composites can withstand the impact of force, have low flammability, and offer high resistance to corrosion. As S-glass composites are lightweight and have high strength and rised fatigue resistance, they are also used for manufacturing blades of helicopters. These composites also provide high strength, rised flexibility, and enhanced dimensional stability to robotic arms on space shuttles.

"The Asia Pacific high performance composites market is expected to rise at the highest CAGR (Compound annual growth rate) during the estimate period between 2017 and 2022."

The Asia Pacific high performance composites market is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022. The rise of the Asia Pacific high performance composites market can be accredited to the increase of the automotive sector in the area that has led different leading automotive manufacturers to make significant investments in the territory. Growing urbanization and continuously increasing population are anticipated to lead towards expanded demand for high performance composites from the building & construction market of the area. This, in turn, is anticipated to contribute towards the rise of the Asia Pacific high performance composites market during the outlook period.

Extensive primary audit sessions have been conducted to determine and verify the market value for various segments and sub-segments.

The break-up of primary interviews has been provided below.

• By Company category: Tier 1 - 37.0 percent, Tier 2 - 50.0 percent, and Tier 3 - 13.0 percent

• By Description: C-suite - 30.0 percent, D-level - 47.0 percent, and Others - 23.0 percent

• By Area: North America continent - 28.0 percent, Europe (EU) - 33.0 percent, Asia Pacific (APAC) - 22.0 percent, South America- 11.0 percent, and Middle East (ME) & African continent - 6.0 percent

The firms decribed in this research report are Toray Industries Inc., Hexcel Corporation, Solvay (SOLB), SGL Group-The Carbon Company, Koninklijke TenCate NV, TPI Composites, Owens Corning Corporation, Teijin Limited, and BASF SE.

Segment Research

This market research has categorized the high performance composites market based on resin type, fiber type, application, and area. It includes exhaustive information concerning the main factors, including drivers, industry restraints, opportunities, and possibilities influencing the increase of the high performance composites market. An in-depth study of the main actors has been done to furnish business insights on their business overviews, products & services offered, and top strategies, including investments & business developments, and mergers & acquisitions approved by them to enhance their rank in the high performance composites market.

Why acquiring this study can help you:

The analysis is expected to benefit industry top players/new sector entrants in this sector in these ways:

1. This report comprehensively segments the high performance composites market and offers the closest approximations of the market sizes for the global market and its sub-segments across several regions.

2. The market research is expected to benefit the partners distinguish the pulse of the sector and offer them information on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report is also anticipated to help the partners comprehend main competitors in the industry and gain insights to improve their competitive positions in the sector. The competitive outlook section includes main industry actors from different areas, providing to the market. The landscape consists of the top 25 firms ranked and grouped, on the basis of their competency parameters, including geographical presence, recent strategic developments, patents filed, and number of employees.

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