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Global Advanced Composites Market 2016-2020

Global Advanced Composites Market 2016-2020

About Composites

Composites are a class of materials that are made of two or more materials with different properties that are combined to obtain unique characteristics. Advanced composites comprise two major components: a polymer matrix and a reinforcing fiber material. Carbon, glass, and aramid are the commonly used fibers. Epoxy, polyester, phenol, and polyacrylic acid are the major types of polymers used to manufacture advanced composites.

Technavio’s analysts forecast the global advanced composites market to grow at a CAGR of 7.13% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global advanced composites market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed profiles of the five prominent vendors operating in the market.

The market is divided into the following segments based on geography:

  • APAC
  • EMEA
  • North America
  • ROW
Technavio's report, Global Advanced Composites Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Hexcel
  • Cytec Solvay
  • SGL
  • Tencate
  • Teijin
Other prominent vendors
  • 3B
  • DuPont
  • GKN
  • Gurit
  • Kemrock Industries and Exports
  • Mitsubishi Rayon
  • Toray
  • TPI Composites
Market driver
  • Advanced composites gaining prominence in aerospace applications
  • For a full, detailed list, view our report
Market challenge
  • Volatile price of raw materials
  • For a full, detailed list, view our report
Market trend
  • Emergence of bio-based products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Advanced Composites Market 2016-2020

Technavio recognizes the following companies as the key players in the global advanced composites market: Cytec Solvay, Hexcel, SGL, TenCate, and Teijin.

Other Prominent Vendors in the market are: 3B, DuPont, GKN, Gurit, Kemrock Industries and Exports, Mitsubishi Rayon, Toray, and TPI Composites.

Commenting on the report, an analyst from Technavio’s team said: “High penetration rate for automotive applications will be a key trend for market growth. The automotive industry is a major end-user of advanced composites. The demand for fuel-efficient vehicles is driven by volatile fuel prices. Automobile manufacturers are progressively discovering solutions that can help in reducing the curb weight of automobiles to enhance fuel efficiency. The use of advanced composites in automobiles is expected to reduce curb weight by 40%-50% and increase fuel efficiency by 30%-35%.”

According to the report, increase in demand for carbon fiber-reinforced composites will be a key driver for market growth. Growing preference for carbon fibers has also been observed among manufacturers of wind turbines because of properties such as enhanced stiffness and light weight. The demand for larger turbines with enhanced electricity capture capacity has led to an increase in the production of longer turbine blades. The demand for carbon fibers for such applications will be strong.

Further, the report states that recycling technologies such as mechanical, thermal, and chemical recycling have also been developed. However, the high cost of such recycling processes and the low quality of recyclates have remained a challenge for market growth. Environmental legislations like EPA encourage energy and resource savings in developed regions and also necessitate the adequate recovery and recycling of engineering materials from end-of-life products such as wind turbines and automobiles. Therefore, the lack of efficient recycling processes is restricting the market growth.

Companies Mentioned

Cytec Solvay, Hexcel, SGL, TenCate, Teijin, 3B, DuPont, GKN, Gurit, Kemrock Industries and Exports, Mitsubishi Rayon, Toray, and TPI Composites.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global advanced composites market
      • Table Global advanced composites market by fiber
      • Table Global advanced composites market by application
      • Table Global advanced composites market by geography
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Product definition
    • Production process
    • Supply chain analysis
      • Table Supply chain analysis
  • Market landscape
    • Market size and forecast
      • Table Global advanced composites market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global advanced ceramics market by application
      • Table Global advanced composites market by application 2015
      • Table Global advanced composites market by application 2020
    • Global advanced composites market in aerospace and aviation applications
      • Table Global advanced composites market in aerospace and aviation applications 2015-2020 ($ billions)
    • Global advanced composites market in automotive applications
      • Table Global advanced composites market in automotive applications 2015-2020 ($ billions)
    • Global advanced composites market in energy applications
      • Table Global advanced composites market in energy applications 2015-2020 ($ billions)
    • Global advanced composites market in electronics applications
      • Table Global advanced composites market in electronics applications 2015-2020 ($ billions)
    • Global advanced composites market in marine applications
      • Table Global advanced composites market in marine applications 2015-2020 ($ billions)
    • Global advanced composites market in sports utility applications
      • Table Global advanced composites market in sports utility applications 2015-2020 ($ millions)
      • Table Characteristics of advanced composites used in sports utility applications
  • Market segmentation by fiber
    • Global advanced composites market by fiber
      • Table Global advanced composites market by fiber 2015
      • Table Global advanced composites market by fiber 2020
    • Comparison of price and properties of fibers
      • Table Fibers used in advanced composites
      • Table Comparison of glass, aramid, and carbon fibers
    • Global market for carbon fiber composites
      • Table Global market for carbon fiber composites 2015-2020 ($ billions)
    • Global market for glass fiber composites
      • Table Global market for glass fiber composites 2015-2020 ($ billions)
    • Global market for aramid fiber composites
      • Table Global market for aramid fiber composites 2015-2020 ($ billions)
  • Market segmentation by geography
    • Global advanced composites market by geography
      • Table Global advanced composites market by geography 2015
      • Table Global advanced composites market by geography 2020
    • Advanced composites market in North America
      • Table Advanced composites market in North America 2015-2020 ($ billions)
    • Advanced composites market in EMEA
      • Table Advanced composites market in EMEA 2015-2020 ($ billions)
    • Advanced composites market in APAC
      • Table Advanced composites market in APAC 2015-2020 ($ billions)
    • Advanced composites market in ROW
      • Table Advanced composites market in ROW 2015-2020 ($ billions)
  • Market drivers
    • Advanced composites gaining prominence in aerospace applications
      • Table Percentage of vendors focusing on aerospace applications 2015
    • Expanding production capacities in APAC
      • Table Percentage of vendors focusing on APAC for strategic growth 2015
    • Increase in demand for carbon fiber-reinforced composites
      • Table Percentage of vendors focusing on carbon fiber-reinforced advanced composites 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Volatile price of raw materials
    • Costs incurred during production
    • Lack of effective recycling techniques
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Emergence of bio-based products
    • Growing prominence of wind energy applications
    • High penetration rate for automotive applications
  • Vendor landscape
    • Competitive scenario
    • Value chain analysis
      • Table Value chain of global advanced composites market
    • Key market vendors
      • Table Key players in global advanced composites market 2015
    • Other prominent vendors
  • Key vendor analysis
    • Cytec Solvay
      • Table Solvay: Business segmentation by revenue 2015
    • Hexcel
      • Table Hexcel: Business segmentation by revenue 2015
    • SGL
      • Table SGL: Business segmentation by revenue 2015
    • TenCate
    • Teijin
      • Table Teijin: Business segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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