Market Overview

Worldwide Advanced Composite Materials Market 2018-2023: Europe is Dominating the Market; Accounting for 30% in 2017 - ResearchAndMarkets.com

Share:

The "Global
Advanced Composite Materials Market - Segmented by Fiber Type, End-user
Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)"

report has been added to ResearchAndMarkets.com's
offering.

The advanced composite materials market is expected to register a
moderate growth during the forecast period, 2018 to 2023. Europe is
dominating the market, accounting for around 30% of the global market in
2017.

Advanced composite materials are used in various aerospace and defense
applications, owing to their properties, such as high strength,
stiffness, heat & chemical resistivity, electrical conductivity, and
various other thermal and chemical properties, etc. They are widely used
in ballistic protective applications, such as, bullet proof vests,
protective apparel, such as gloves, motorcycle protective clothing, and
hunting gaiters.

Due to their light yet stiff design structures, they are used in the
interior of an airplane or a jet, the rotor blades of a helicopter,
aircraft seats, and aircraft brakes. Many countries are focusing in
growing a domestic defense industry while manufacturing hardware
locally. These factors are expected to drive the demand for advanced
composite materials, during the forecast period.

Key Highlights

  • Increasing Demand for Lightweight Materials in the Aerospace & Defense
    Industry
  • Increasing Demand from Automotive Industry
  • Europe to Dominate the Market

Notable Developments in the Market

  • December 2017: Teijin Aramid announced its intention to increase the
    production capacity for its Twaron super fiber by more than 25%. This
    additional capacity will become available within the next five years.

Major players include: Mitsubishi Chemical Carbon Fiber
& Composites Inc., Toray Industries Inc., Kolon Industries Inc., and SGL
Group, among others.

Companies Profiled

  • 3B-the fibreglass company
  • Cytec Solvay Group
  • DowDuPont
  • Hexcel Corporation
  • Hyosung Corporation
  • Kermel
  • Kolon Industries Inc.
  • Koninklijke Ten Cate BV
  • Mitsubishi Chemical Carbon Fiber & Composites Inc.
  • Owens Corning
  • SGL Group
  • Teijin Limited
  • Toray Industries Inc.
  • Yantai Tayho Advanced Materials Co. Ltd.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis (Market Size, Growth and Forecast)

6. Regional Market Analysis (Market Size, Growth and Forecast)

7. Competitive Landscape

8. Company Profiles (Overview, Financials, Products & Services, Recent
Developments)

For more information about this report visit https://www.researchandmarkets.com/research/9q53qg/worldwide?w=4

View Comments and Join the Discussion!