Asia-Pacific Advanced Composites Market Outlook Industry Share, Growth, Drivers, Emerging Technologies, and Forecast Research Report 2028
The advanced composites market is expected to gain market growth in the
forecast period of 2021 to 2028. Data Bridge Market Research analyses that the
market is growing at a CAGR of 8.2% in the forecast period of 2021 to 2028 and
expected to reach USD 6,687.07 million by 2028. An escalation in
demand for lightweight and exceedingly durable materials in the aerospace and
automotive industries is the factor growing the demand for advanced composites
market in the forecast period.
This advanced composites market report provides details
of market share, new developments, and product pipeline analysis, impact of
domestic and localised market players, analyses opportunities in terms of
emerging revenue pockets, changes in market regulations, product approvals,
strategic decisions, product launches, geographic expansions, and technological
innovations in the market. To understand the analysis and the market scenario
contact us for an Analyst Brief, our team will help you create a revenue impact
solution to achieve your desired goal.
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Market
Analysis and Insights
Advanced composites are the mixtures of the several components
which have high specific strength and stiffness and advanced composite material
are combined with automatic manufacturing processes. Advanced composite
materials (ACM) in comparison to the composite materials commonly
used in reinforced concrete. The structures which are manufactured from the
advanced composites have high strength and are light weight in nature.
The growing demand for intricate and compact designs,
ever-increasing material requirements and cost constraints might even push the
requirement of advanced composites material even further and thereby invariably
driving the advanced composites market growth. The climate change and its
associated stress on eco-friendly lifestyles and production rules could
restrain the growth of the advanced composites market. The renewable energy is
the need of the hour and the development in the market would be a good
opportunity for the advanced composites market to achieve its true potential as
the composites are required to manufacture and produce the gadgets or equipment
necessary to generate and store the carbon-neutral energy. The hardship
experienced in recycling is a challenge for the advanced composites market as
the fact results in some restriction being exerted by government which could
stun the growth of the advanced composites market.
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Asia-Pacific
Advanced Composites Market Scope
The advanced composites market is segmented into four
notable segments which are based on the type, resin, manufacturing process and
end-user. The growth among segments helps you analyse niche pockets of growth
and strategies to approach the market and determine your core application areas
and the difference in your target markets.
- On the
basis of type, the advanced composites market is segmented into carbon
fiber composites, S-glass composites, aramid fiber composites and others.
In 2021, the carbon fiber composites segment is dominating as carbon fiber
composites has great strength and high resistance with helps to increasing
demand in automotive structure products.
- On the
basis of resin, the advanced composites market is segmented into advanced
thermoplastic and advanced thermosetting. In 2021, the advanced
thermoplastic segment is dominating as in Europe, due to increasing demand
for the carbon fiber which have high strength and high resistance to
cracking which increases its demand in the manufacturing of the automotive
structure products.
- On the
basis of manufacturing process, the advanced composites market is
segmented into automated tape laying (ATL) and automated fiber placement
(AFP), hand layup/spray layup, compression molding, resin transfer molding
(RTM), injection molding, filament winding and others. In 2021, the
automated tape laying (ATL) and automated fiber placement (AFP) segment is
dominating due to its manufacturing process has helps to increasing for
the impregnated of plastics and fibers to make the composites material.
- On the
basis of end-user, the advanced composites market is segmented into
aerospace and defense, energy and power, automotive, sports equipment,
civil engineering, electrical and electronics, healthcare and others. In
2021, the aerospace and defense segment is dominating as the increasing
demand of security jet planes and fighter planes makes aerospace and
defense to dominate.
Competitive Landscape and Asia-Pacific
Advanced Composites Market Share Analysis
The advanced composites market competitive landscape
provides details by competitor. Details included are company overview, company
financials, revenue generated, market potential, investment in research and
development, new market initiatives, global presence, production sites and
facilities, company strengths and weaknesses, product launch, clinical trials
pipelines, brand analysis, product approvals, patents, product width and
breadth, application dominance, technology lifeline curve. The above data
points provided are only related to the company’s focus related to advanced
composites market.
The major players
covered in the silicon nitride market report are
TORAY
INDUSTRIES, INC, TEIJIN LIMITED, Mitsubishi Chemical Holdings Corporation,
Huntsman International LLC, Hexcel Corporation, Hexion, BASF SE, DuPont,
Honeywell International Inc, Henkel AG & Co. KGaA, SGL Carbon, HYOSUNG
CHEMICAL, Owens Corning, Formosa Plastics Corporation, RECAERO S.A.S., SMI
Composites, LLC, 3A Composites Holding AG (A Subsidiary of Schweiter
Technologies), STS Group AG, Plastic Omnium, LyondellBasell Industries Holdings
B.V., Hanwha Solutions, Georg Fritzmeier GmbH & Co. KG, TERMA, among other players
domestic and global. DBMR analysts understand competitive strengths and provide
competitive analysis for each competitor separately..,
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