Advance Polymer Composite Market
Advance Polymer Composite Market Size, Share &Trends Analysis Report by Product (Resin [Epoxy Resins, Phenolic Resins, Polyester Resins] Fiber [Carbon, Glass, Aramid, and Others]), and By Application (Automotive, Aerospace & Defense, Wind Energy, Sporting Goods, Others) Forecast Period (2023-2029)
Advance polymer composite market is anticipated to grow at a considerable CAGR of 8.7% during the forecast period. The global advanced polymer composites market is anticipated to emerge rapidly in the coming years as applications expand. Superior characteristics of advanced polymer composites include high strength, stiffness, reduced fatigue, and abrasion resistance. Due to their better strength-to-weight ratio, they are extensively used in the production of high-performance aircraft parts such as engine nacelles, wings, elaborators, floor beams, ailerons, rudders, and landing gear door components. The growing significance of renewable energy production and the increased demand for high material strength in wind power installations drive up demand for polymer composites.
Segmental Outlook
The global advance polymer composite market is segmented based on the product and application. Based on the product, the market is segmented into resin and fiber. Resin is sub-segmented into epoxy resins, phenolic resins, and polyester resins and fiber is sub-segmented into carbon, glass, aramid, and others. Based on application, the market is sub-segmented into automotive, aerospace & defense, wind energy, sporting goods, and others.
Carbon fiber composite is anticipated to hold a prominent share of the global market
Carbon fiber has high tensile strength and superb rigidity, making it suitable for automotive, marine, and aircraft applications. Carbon fiber is widely used in wind turbine and blade component manufacturing. Government attempts to promote renewable energy growth will continue to have a beneficial segment growth. Recently, in May 2022, the Norwegian government proposes a plan to strengthen offshore wind power production, which will improve regional access to renewables for private and commercial use. A growing wind power production plan will increase the demand for components, hence contributing to market growth.
Regional Outlooks
The global advance polymer composite market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Among these, the Asia-Pacific regional market is expected to cater to a prominent share over the forecast period. Asia-Pacific is the leading regional market in advanced polymer composites, which are in high demand in the aircraft, automobile, and technology industries. However, the North American region is projected to experience considerable growth in the advanced polymer composite market. Product development advances, combined with the existence of large multinational corporations, have given North America a growth advantage over other areas in recent years.
Global Advance Polymer Composite Market Growth, by Region 2023-2029
Market Players Outlook
The major companies serving the global advance polymer composite market include Arkema SA, BASF SE, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., Owens Corning Corporation, SGL Carbon SE, Solvay SA, Toray Industries Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2022, Arkema purchases Polimeros Especiales, a top emulsion resin producer in Mexico. The planned acquisition will strengthen Arkema's position in the fast-growing regional market.
The Report Covers
- Market value data analysis for 2023 and forecast to 2029.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global advance polymer composite market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Advance Polymer Composite Market by Product
4.1.1. Resin
4.1.1.1. Epoxy Resins
4.1.1.2. Phenolic Resins
4.1.1.3. Polyester Resins
4.1.2. Fiber
4.1.2.1. Carbon
4.1.2.2. Glass
4.1.2.3. Aramid
4.1.2.4. Other
4.2. Global Advance Polymer Composite Market by Application
4.2.1. Aerospace & Defense
4.2.2. Automotive
4.2.3. Wind Energy
4.2.4. Sporting Goods
4.2.5. Other
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Arkema SA
6.2. Avient Corp.
6.3. BASF SE
6.4. Carbon Composites Inc.
6.5. Cristex, Ltd.
6.6. Cytec Industries
6.7. Hexcel Corp.
6.8. Kemrock Industries and Exports, Ltd.
6.9. Mitsubishi Rayon Co. Ltd.
6.10. Owens Corning Corp.
6.11. Polymer Composites, Inc.
6.12. SGL Carbon SE
6.13. Solvay SA
6.14. Toray Industries, Inc.
6.15. TPI Composites
1. Global Advance Polymer Composite Market Research and Analysis by Product, 2021-2029 ($ Million)
2. Global Resin Polymer Composite Market Research and Analysis by Type, 2021-2029 ($ Million)
3. Global Resin Polymer Composite Market Research and Analysis by Region, 2021-2029 ($ Million)
4. Global Epoxy Resins Polymer Composite Market Research and Analysis by Region, 2021-2029 ($ Million)
5. Global Phenolic Resins Polymer Composite Market Research and Analysis by Region, 2021-2029 ($ Million)
6. Global Polyester Resins Polymer Composite Market Research and Analysis by Region, 2021-2029 ($ Million)
7. Global Fiber Polymer Composite Market Research and Analysis by Region, 2021-2029 ($ Million)
8. Global Fiber Polymer Composite Market Research and Analysis by Type, 2021-2029 ($ Million)
9. Global Carbon Polymer Composite Market Research and Analysis by Region, 2021-2029 ($ Million)
10. Global Glass Polymer Composite Market Research and Analysis by Region, 2021-2029 ($ Million)
11. Global Aramid Polymer Composite Market Research and Analysis by Region, 2021-2029 ($ Million)
12. Global Other Polymer Composite Market Research and Analysis by Region, 2021-2029 ($ Million)
13. Global Advance Polymer Composite Market Research and Analysis by Application, 2021-2029 ($ Million)
14. Global Advance Polymer Composite in Aerospace & Defense Market Research and Analysis by Region, 2021-2029 ($ Million)
15. Global Advance Polymer Composite in Automotive Market Research and Analysis by Region, 2021-2029 ($ Million)
16. Global Advance Polymer Composite in Wind Energy Market Research and Analysis by Region, 2021-2029 ($ Million)
17. Global Advance Polymer Composite in Sporting Goods Market Research and Analysis by Region, 2021-2029 ($ Million)
18. Global Advance Polymer Composite in Other Market Research and Analysis by Region, 2021-2029 ($ Million)
19. North American Advance Polymer Composite Market Research and Analysis by Country, 2021-2029 ($ Million)
20. North American Advance Polymer Composite Market Research and Analysis by Product, 2021-2029 ($ Million)
21. North American Advance Polymer Composite Market Research and Analysis by Application, 2021-2029 ($ Million)
22. European Advance Polymer Composite Market Research and Analysis by Country, 2021-2029 ($ Million)
23. European Advance Polymer Composite Market Research and Analysis by Product, 2021-2029 ($ Million)
24. European Advance Polymer Composite Market Research and Analysis by Application, 2021-2029 ($ Million)
25. Asia-Pacific Advance Polymer Composite Market Research and Analysis by Country, 2021-2029 ($ Million)
26. Asia-Pacific Advance Polymer Composite Market Research and Analysis by Product, 2021-2029 ($ Million)
27. Asia-Pacific Advance Polymer Composite Market Research and Analysis by Application, 2021-2029 ($ Million)
28. Rest of the world Advance Polymer Composite Market Research and Analysis by Country, 2021-2029 ($ Million)
29. Rest of the world Advance Polymer Composite Market Research and Analysis by Product, 2021-2029 ($ Million)
30. Rest of the world Advance Polymer Composite Market Research and Analysis by Application, 2021-2029 ($ Million)
1. Global Advance Polymer Composite Market Share Analysis by Product, 2021 VS 2029 (%)
2. Global Resin Polymer Composite Market Share Analysis by Type, 2021 VS 2029 (%)
3. Global Resin Polymer Composite Market Share Analysis by Region, 2021 VS 2029 (%)
4. Global Epoxy Resins Polymer Composite Market Share Analysis by Region, 2021 VS 2029 (%)
5. Global Phenolic Resins Polymer Composite Market Share Analysis by Region, 2021 VS 2029 (%)
6. Global Polyester Resins Polymer Composite Market Share Analysis by Region, 2021 VS 2029 (%)
7. Global Fiber Polymer Composite Market Share Analysis by Region, 2021 VS 2029 (%)
8. Global Fiber Polymer Composite Market Share Analysis by Region, 2021 VS 2029 (%)
9. Global Carbon Polymer Composite Market Share Analysis by Region, 2021 VS 2029 (%)
10. Global Glass Polymer Composite Market Share Analysis by Region, 2021 VS 2029 (%)
11. Global Aramid Polymer Composite Market Share Analysis by Region, 2021 VS 2029 (%)
12. Global Other Polymer Composite Market Share Analysis by Region, 2021 VS 2029 (%)
13. Global Advance Polymer Composite Market Share Analysis by Application, 2021 VS 2029 (%)
14. Global Advance Polymer Composite in Aerospace & Defense Market Share Analysis by Region, 2021 VS 2029 (%)
15. Global Advance Polymer Composite in Automotive Market Share Analysis by Region, 2021 VS 2029 (%)
16. Global Advance Polymer Composite in Wind Energy Market Share Analysis by Region, 2021 VS 2029 (%)
17. Global Advance Polymer Composite in Sporting Goods Market Share Analysis by Region, 2021 VS 2029 (%)
18. Global Advance Polymer Composite in Other Market Share Analysis by Region, 2021 VS 2029 (%)
19. US Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
20. Canada Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
21. UK Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
22. Germany Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
23. France Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
24. Italy Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
25. Spain Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
26. Rest of Europe Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
27. China Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
28. Japan Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
29. India Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
30. South Korea Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
31. Rest of Asia-Pacific Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
32. Middle East and Africa Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
33. Latin America Advance Polymer Composite Market Research and Analysis, 2021-2029 ($ Million)
