The global advanced polymer composites market is anticipated to grow at a considerable CAGR of 8.7% during the forecast period (2023-2029). As advanced polymer composites are used to create aircraft components such as engine nacelles, elaborators, wings, ailerons, floor beams, landing gear doors, and rudders, the aerospace sector is expected to be the primary end-user over the forecast period. Rapid development and better lifestyles are expected to increase the number of aircraft customers, accompanied by lower fares. Furthermore, increased demand for aircraft carriers from the military and transportation enhances the use of advanced polymer composites in the aerospace industry. For instance, in June 2020, Solvay and Leonardo signed a 5-year supply arrangement under which Solvay is expected to deliver a broad variety of market-dealing materials to Leonardo’s Aircraft, Aeronautics, Electronics, and Helicopters departments.
Meanwhile, the change in emphasis toward green energy sources is expected to increase demand for advanced polymer composites for wind turbine blades. Expensive product prices due to its complicated manufacturing process, as well as stringent government regulations regarding the use of polymers due to their negative environmental effects, will limit the future development of the advanced polymer composite market.
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Market Coverage
- The market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Product
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Arkema SA, BASF SE, Hexcel Corporation, SGL Carbon SE, Solvay SA, Toray Industries Inc., and others.
Advance Polymer Composite Market Report Segment
By Product
- Resin
- Epoxy Resins
- Phenolic Resins
- Polyester Resins
Fiber
- Carbon
- Glass
- Aramid
- Other
By Application
- Automotive
- Aerospace & Defense
- Wind Energy
- Sporting Goods
- Others
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Advance Polymer Composites Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Arkema SA
- Avient Corp.
- BASF SE
- Carbon Composites Inc.
- Cristex, Ltd.
- Cytec Industries
- Hexcel Corp.
- Kemrock Industries and Exports, Ltd.
- Mitsubishi Rayon Co. Ltd.
- Owens Corning Corp.
- Polymer Composites, Inc.
- SGL Carbon SE
- Solvay SA
- Toray Industries, Inc.
- TPI Composites
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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