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Global Advanced Polymer Composites Market 2017-2021

About Advanced Polymer Composites

Composites are materials made up of a matrix which contain reinforcement agents. Advanced polymer composites consist of a variety of short and continuous fibers that are bound together by a polymer matrix. The reinforcement agents provide strength and stiffness to the composite material, and the ability to carry the high mechanical load. Thus, they consist of a larger quantity of high-performance continuous fibers to assist in the transferring loads between the fibers. Based on the mechanical properties and cost, the polymer composites are divided into two types — advanced polymer composites and reinforced plastics.

Technavio’s analysts forecast the global advanced polymer composites market to grow at a CAGR of 7.81% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global advanced polymer composites market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Advanced Polymer Composites Market 2017-2021, 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
  • Covestro
  • Hexcel
  • Koninklijke Ten Cate
  • SGL Group
  • Solvay
Other prominent vendors
  • 3B-the fibreglass company
  • DuPont
  • GKN
  • Gurit
  • TEIJIN
  • Toray Industries
  • TPI Composites
Market driver
  • Increasing use of composites by Boeing and Airbus
  • For a full, detailed list, view our report
Market challenge
  • Advanced polymer composites are expensive
  • For a full, detailed list, view our report
Market trend
  • Growing demand for lightweight and high-performance materials
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Advanced Polymer Composites Market 2017-2021

Technavio recognizes the following companies as the key players in the global advanced polymer composites market: Covestro, Hexcel, Koninklijke Ten Cate, SGL Group, and Solvay.

Other Prominent Vendors in the market are: 3B-the fibreglass company, DuPont, GKN, Gurit, TEIJIN, Toray Industries, and TPI Composites.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for lightweight and high-performance materials. There is an increased demand for lightweight and high-performance materials from various end-user industries. These advanced materials are used in various industrial applications owing to its beneficial properties, such as energy saving and wear resistance properties. They are preferred as thermally conductive material in high friction applications.”

According to the report, one driver in the market is increasing use of composites by Boeing and Airbus. There is increasing use of composites in the aviation industries, and the major two OEMs, such as Boeing and Airbus, are using composites materials in their planes. Boeing 787 Dreamliner and AirbusA350 used composite materials in its body and wings. The older planes used aluminum for its wings and body. It is estimated that the aircraft manufacturing market will reach more than $200 billion. The composites will be used majorly in commercials aircrafts. The use of composites makes the plane lighter and fuel-efficient. This, in turn, makes flying more affordable.

Further, the report states that one challenge in the market is advanced polymer composites are expensive. Advanced polymer composites products are expensive when compared to their metal counterparts. This makes it difficult for vendors to increase their sales as it increases the price of the final product. Therefore, use of advanced polymer composites in the automotive sector, which is one of the major end-user segment, is still limited to F1 cars and high-performance commercial vehicles. The production cost and the R&D cost of carbon fiber polymer composites are eight times more when compared to steel. The high manufacturing cost is mainly due to the increased raw material cost. An increase in the raw material cost will increase the procurement cost as well as the last price of the product.

Companies Mentioned

Covestro, Hexcel, Koninklijke Ten Cate, SGL Group, and Solvay, 3B-the fibreglass company, DuPont, GKN, Gurit, TEIJIN, Toray Industries, and TPI Composites.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market size and forecast 2016-2021
      • Table Global advanced polymer composites market — Market size and forecast 2016-2021 ($ millions)
      • Table Global advanced polymer composites market — Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by type
    • Segmentation by type
      • Table Type — Market share 2016-2021 (%)
    • Comparison by type
      • Table Comparison by type
    • Global glass advanced polymer composites market — Market size and forecast 2016-2021
      • Table Global glass advanced polymer composites market — Market size and forecast 2016-2021 ($ millions)
      • Table Global glass advanced polymer composites market — Year-over-year growth 2017-2021 (%)
    • Global carbon advanced polymer composites market — Market size and forecast 2016-2021
      • Table Global carbon advanced polymer composites market — Market size and forecast 2016-2021 ($ millions)
      • Table Global carbon advanced polymer composites market — Year-over-year growth 2017-2021 (%)
    • Global aramid advanced polymer composites market — Market size and forecast 2016-2021
      • Table Global aramid advanced polymer composites market — Market size and forecast 2016-2021 ($ millions)
      • Table Global aramid advanced polymer composites market — Year-over-year growth 2017-2021 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user — Market share 2016-2021 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Global advanced polymer composites market for aerospace industry — Market size and forecast 2016-2021
      • Table Global advanced polymer composites market for aerospace industry — Market size and forecast 2016-2021 ($ millions)
      • Table Global advanced polymer composites market for aerospace industry — Year-over-year growth 2017-2021 (%)
    • Global advanced polymer composites market for automotive industry — Market size and forecast 2016-2021
      • Table Global advanced polymer composites market for automotive industry — Market size and forecast 2016-2021 ($ millions)
      • Table Global advanced polymer composites market for automotive industry — Year-over-year growth 2017-2021 (%)
    • Global advanced polymer composites market for energy industry — Market size and forecast 2016-2021
      • Table Global advanced polymer composites market for energy industry — Market size and forecast 2016-2021 ($ millions)
      • Table Global advanced polymer composites market for energy industry — Year-over-year growth 2017-2021 (%)
    • Global advanced polymer composites market for marine industry — Market size and forecast 2016-2021
      • Table Global advanced polymer composites market for marine industry — Market size and forecast 2016-2021 ($ millions)
      • Table Global advanced polymer composites market for marine industry – Year-over-year growth 2017-2021 (%)
    • Global advanced polymer composites market for other industries — Market size and forecast 2016-2021
      • Table Global advanced polymer composites market for other industries — Market size and forecast 2016-2021 ($ millions)
      • Table Global advanced polymer composites market for other industries — Year-over-year growth 2017-2021 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global advanced polymer composites market — Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Global advanced polymer composites market in the Americas — Market size and forecast 2016-2021
      • Table Global advanced polymer composites market in the Americas — Market size and forecast 2016-2021 ($ millions)
      • Table Global advanced polymer composites market in the Americas — Year-over-year growth 2017-2021 (%)
    • Global advanced polymer composites market in EMEA — Market size and forecast 2016-2021
      • Table Global advanced polymer composites market in EMEA — Market size and forecast 2016-2021 ($ millions)
      • Table Global advanced polymer composites market in EMEA — Year-over-year growth 2017-2021 (%)
    • Global advanced polymer composites market in APAC — Market size and forecast 2016-2021
      • Table Global advanced polymer composites market in APAC — Market size and forecast 2016-2021 ($ millions)
      • Table Global advanced polymer composites market in APAC — Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing demand for lightweight and highperformance materials
    • Increased production capacity of automotive industry in APAC
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key vendors in the global advanced polymer composites market 2016
    • Other prominent vendors
  • Vendor analysis
    • Covestro
      • Table Covestro: Business segment by revenue 2016 (% share)
      • Table Covestro: Geographic segmentation by revenue 2016 (% share)
    • Hexcel
      • Table Hexcel: Business segmentation by revenue 2016
      • Table Hexcel: Geographical segmentation by revenue 2016
    • Koninklijke Ten Cate
      • Table Koninklijke Ten Cate: Business segmentation by revenue 2016
    • SGL Group
      • Table SGL Group: Business segmentation by revenue 2016
      • Table SGL Group: Geographical segmentation by revenue 2016
    • Solvay
      • Table Solvay: Business segmentation by revenue 2016
      • Table Solvay: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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