Growth Opportunities in the Global Advanced Composites Market
The future of the global advanced composites market looks promising with opportunities in variousend use industries such as aerospace & defense, wind energy, transportation, marine, construction,electrical/electronics, consumer goods, and pressure vessels. The global advanced compositesmaterial market is expected to reach an estimated $5.2 billion by 2022 and it is forecast to grow ata CAGR of 8.0% from 2017 to 2022. The global advanced composites end product market isexpected to reach an estimated $17.1 billion by 2022. The major drivers of growth for this marketare increasing demand of lightweight materials in the aerospace & defense and automotiveindustry.
In this market, carbon fiber, S-glass fiber, and aramid fiber are the major fiber used to manufactureadvanced composites parts for various end use industries such as aerospace & defense,transportation, wind energy and consumer goods. On the basis of our comprehensive research,
Lucintel forecasts that the transportation is expected to show above average growth during theforecast period. Growing demand for lightweight materials in the automotive industry is expectedto spur growth for this segment over the forecast period.
Within the global advanced composites market, aerospace & defense application is expected to beto remain the largest market by volume and value consumption. The major driver for this segmentis the increase penetration of composites in next generation commercial aircraft, like Boeing’s B787and Airbus 380, regional aircraft such as Bombardier’s C Series, and general aviation aircraft suchas Cirrus and Diamond.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities in the global advanced composites marketin terms of value ($M) and volume (Million Pounds) shipment
Trend and forecast analysis: Global advanced composites market trend (2011-2016) andforecast (2017-2022) by region and segment
Segmentation analysis: Global advanced composites market size from 2011 to 2022 byend use industry type, fiber type, and resin type as follows:
Global advanced composites market size by end use industry type: