Global Advanced Composites Market to See Sustainable Growth to 2021, Expects Lucintel in Its In-demand Report Published at MarketPublishers.com04 May 2017 • by Natalie Aster
LONDON – The world’s advanced composites industry is likely to see bright future in the offing, with a wealth of opportunities lying in the sectors such as wind energy, aerospace and defense, transport, construction, marine, electrical and electronics, FMCG, etc.
The market for advanced composites materials (ACMs) is predicted to demonstrate sustainable growth in the offing, posting a CAGR of 8% and hitting the USD 5.2 billion mark by 2022. The world advanced composites end product sector is poised to amount to USD 17.1 billion by end-2022. The major drivers of this market’s growth encompass the surging demand for lightweight materials in the aerospace and defense and automobile industry.
S-glass fiber, carbon fiber, aramid fiber are the key fibers employed in the production of advanced composites for different end-user industries like aerospace and defense, transport, wind power and FMCG. The transport industry sector is forecast to exhibit above-average growth in the years to come, stimulated by the rising demand for lightweight materials in the auto industry.
Based on application, the aerospace and defense sector is set to continue to dominate the market in terms of consumption by value and volume. The key driver is the upsurge in the penetration of composites in next-generation commercial aircraft, such as Airbus 380 and Boeing’s B787, regional aircraft like C Series, and general aviation (GA) aircraft like Diamond and Cirrus.
In-demand research report “Growth Opportunities in the Global Advanced Composites Market” created by Lucintel offers a deep analysis of the market on a global level. It features market background and classifications, supply chain analysis, industry challenges and drivers. The study examines and forecasts various macroeconomic trends worldwide, casts light on the trends in the global advanced composites market alongside giving respective forecasts. The report provides detailed market segmentation by application, fiber type, resin type, and based on end product. The report provides a detailed analysis of the market trends plus forecasts by region. It also includes an analysis of the key competitors and canvasses the overall competitive landscape, and incudes a cost structure analysis. The publication presents an insightful analysis of the growth opportunities and emerging trends in the world advanced composites market. Furthermore, the research profiles the top 6 companies such as Cytec Solvay Group, AGY Holdings, Toray Industries, E.I Du Pont de Nemours, Owens Corning and Teijin Aramid.
More topical, new research reports created by Lucintel can be found at its page.