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2022
High Performance Composites Market

High Performance Composites Market by Resin (Thermoplastic, Thermoset) Fibre (Aramid Fibre, S-Glass, and Carbon Fibre) End-use Industry (Medical, Automotive, Pressure Vessels, Aerospace & Defence, Wind Turbine and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028"

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Jul 2022 | 208 Views
   
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COVID-19

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Matrix materials, often known as resins and fibers make up composites. The matrix is made up of thermosetting and thermoplastic polymers, whereas the fibers are made up of carbon and glass fibers. They improve the composites' rigidity and high tensile strength while lowering the weight of the completed component. While the reinforced material enhances the overall characteristics, the matrix keeps the reinforcement in place to generate the required shape.

Because of its superior qualities, lightweight, cheap cost, and other characteristics, high-performance composites have been widely employed in aviation, aerospace, transportation, military defense, and other fields. High-performance composites are widely employed in the automobile industry, which is an important aim for the carbon-fiber industry; nevertheless, their utilization in the construction of motor vehicles has hit its peak.

Market Scope and Structure Analysis

Report Metric

Detail

Market size available for years

2020-2028

Base year considered

2020

Forecast period

2021-2028

Forecast unit

Value( USD)

Segments Covered

Resin, Fibre, Application, End User and Region

Companies Covered

TORAY INDUSTRIES, INC, SGL Carbon, TPI Composites, Solvay, Hexcel Corporation., Owens Corning, TEIJIN LIMITED, BASF SE, Arkema, AGY, Huntsman International LLC, Plasan Carbon Composites., Momentive, Formosa Korea, Mitsubishi Chemical Corporation., 3M, GKN Wheels Ltd., Crawford Composites, KINECO, SABIC, DuPont de

 

COVID-19 Impact Analysis 

  • The pandemic has majorly affected the supply chain of this market. 
  • Adding the immigration of labors made it more difficult to survive in the market with no supply.
  • This has led to a decline in the demand for high-performance composites. 
  • Many industries faced a financial crises during the COVID-19 phase.

Top Impacting Factors

The market's growth is influenced by the increasing demand for glass and carbon fiber-reinforced polymers in Airbus aircraft. The industry will also be fuelled by the growing use of high-performance composites in wind turbine blades. The market for high-performance composites is largely driven by the rapidly increasing demand from a variety of end-use applications. The need for high-performance composites has been fuelled by the significant rise of the commercial aircraft manufacturing market. The utilization of these composites in the production of wind turbines is another potential market driver. Because of the diverse demand from end-use industries and the competitive environment, North America and Western Europe are significant markets for the High-performance composites market. Aerospace and defense, automotive, wind turbine, medical, construction, pressure vessel, consumer products, and others are some of the important end-use sectors in these regions. In terms of new product development and associated activities, these markets have been quite active.

Market Trends

  • High-performance composites include characteristics such as high durability, lightweight, and superior heat resistance, which have contributed to an increase in demand for them in the aerospace, automotive, construction, energy, and medical industries. Reducing the curb weight of automobiles and aircraft increases efficiency and lowers fuel consumption, hence increasing demand from the automotive and aerospace industry.
  • In the automotive sector, high-performance composites are viewed as a viable alternative to steel and aluminum. The increasing need for lightweight materials in vehicle production to improve performance is projected to drive market expansion. Machines in factories, which were historically made of iron and steel, are examples of industrial applications.
  • Among the other players are TORAY INDUSTRIES, INC, SGL Carbon, TPI Composites, Solvay, Hexcel Corporation., Owens Corning, TEIJIN LIMITED, BASF SE, Arkema, AGY, Huntsman International LLC, Plasan Carbon Composites., Momentive, Formosa Korea, Mitsubishi Chemical Corporation., 3M, GKN Wheels Ltd., Crawford Composites, KINECO, SABIC, DuPont de.
  • The high-performance composites market has been divided into five regions: North America, Western Europe, Asia-Pacific, the Middle East, Eastern Europe, and the Rest of the World.
  • Commercial aerospace applications are the primary consumers of these items. These composites have a strong potential for meeting safety and power requirements. Initially, boron-based graphite materials were employed in the production of defense aircraft, but they are now solely employed in the production of civilian aircraft.
  • High-performance composites are widely employed in the automotive industry because they assist to make cars cleaner, lighter, safer, and more cost-effective.
  • Major nations in these areas for the high-performance composites market include the U. S., Germany, France, the United Kingdom, Canada, and Italy, among others. Recent economic slowdowns, trade consequences, and environmental concerns are just a few of the major elements driving market dynamics in these locations.

Key Benefits of the Report

  • This study presents the analytical depiction of the high-performance composites industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the high-performance composites market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the High-Performance Composites market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed high-performance composites  market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the High-Performance Composites Market Report

  • Who are the leading market players active in the high-performance composites market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
By Resin
  • Thermoplastic
  • Thermoset
By Fibre
  • Aramid Fibre
  • S-Glass
  • Carbon Fibre
By End-Use Industry
  • Medical
  • Automotive
  • Pressure Vessels
  • Aerospace and Defence
  • Wind Turbine
  • Others
By REGION
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of LAMEA
 
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