Global High Performance Composites Market, By Type (Resin, Fiber), By Application (Aerospace & Defen

Published Date: | Report Code : MT1932798

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The High Performance Composites Market size is projected to register high demand during the forecast period with increasing demand from emerging economies such as China, India, Japan, Brazil, South Africa and Other during the forecast period. 

Whenever at least two constituent materials with altogether unique chemical or physical properties are mixed/combined to deliver material with attributes not the same as individual parts, they are known as composites. Composites are stronger and lighter as compared to other traditional materials. And when constituent materials are combined together to enhance some particular features pertaining to performance, efficiency, resistivity, weight, etc they are known as high-performance composite materials.

Segment Analysis: 

High-performance composites have features like high durability, lightweight, and good heat resistivity which have been propelling the rise in demand for the same within aerospace, automotive, construction, energy, and medical industries. Reducing the curb weight of automotive and aircrafts results in the increase in efficiency and lowering fuel consumption boosting demand from the automotive & aerospace industry.

Key Factors Impacting Market Growth:

  • Growing demand for composites from emerging markets
  • The high cost of buying and repairing of high-performance composite parts to pose as a challenge in market growth
  • Increase in fuel prices and rise in demand for automobiles globally is expected to increase the demand for lightweight and fuel-efficient vehicles
  • Recyclability concerns of the high-performance composite may slow down market growth

Regional Analysis: 

The high-performance composites market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe are major regions for High-performance composites market owing to diversified demand from end-use industries and competitive scenario. Some of the major end-use industries in these regions include Aerospace & defense, automotive, wind turbine, medical, construction, pressure vessel, consumer goods and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for High-performance composites market in these regions include US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.

The developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. The global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Aerospace & defense, automotive, wind turbine, medical, construction, pressure vessel, consumer goods and others are some of the major industries in the region with strong potential for high-performance composites market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of key markets with demand from automotive and aerospace industries. 

Companies Covered: Arkema SA, Albany International Corporation, BASF SE, Teijin Ltd., Owens Corning Corporation, Hexcel Corporation, Solvay S.A., TPI Composites, Inc., Koninklijke Ten Cate BV, SLG Group-The Carbon Company and Toray Industries Inc., E.I. Du Pont De Nemours And Company, and Hyosung Corp… 

Market Segmentation:

 By Type:

  • Resin
  • Thermoset Resins
  • Thermoplastic Resins
  • Fiber
  • Carbon Fiber Composites
  • S-glass Composites
  • Aramid Fiber Composites
  • Others

By Application:

  • Aerospace & Defense
  • Automotive
  • Wind Turbine
  • Medical
  • Construction
  • Pressure Vessel
  • Consumer Goods
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global high-performance composite market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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