Advanced Composites Market Forecast Report 2021-2026: Global Trends, Share, Size, Growth, and Key Players

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 According to the latest report by IMARC Group, titled “Advanced Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global advanced composites market size grew at a CAGR of 10% during 2015-2020. Looking forward, IMARC Group expects the global advanced composites market to continue its strong growth during  2021-2026. Automotive composites are made using high-performance fibers like carbon or glass and adhesive binders. They are applied on various automotive parts to offer enhanced properties compared to individual materials. They provide high strength, ease in manufacturing, and excellent energy-absorbing and dimensional stability. As a result, original equipment manufacturers (OEMs) worldwide are replacing steel with automotive composites to improve the safety and fuel efficiency of vehicles.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Market Trends:

Due to the rising air pollution, environmental agencies and governmental authorities of numerous countries are implementing stringent regulations to minimize carbon dioxide (CO2) emissions from automobiles. Consequently, OEMs are relying on automotive composites to reduce the weight of vehicles and maintain their structural integrity. Moreover, the increasing traction of electric vehicles (EVs), along with the rising focus on redesigning existing vehicles, is driving the growth of the market. Apart from this, the key players are coming up with low-cost manufacturing methods for automotive composites, which is expected to impel the market growth.

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Key Market Segmentation: 

Competitive Landscape With Key Players :

  •  Arkema S.A.
  • BASF SE
  • Hexcel Corporation
  • Cytec Industries Inc.,
  • oninklijke Ten Cate N.V.
  • TPI Composites Inc.
  • Toray Industries Inc..
  • Mitsubishi Rayon Co. Ltd
  • Teijin Limited.
  • Hexion
  • SGL Carbon SE
  • 3B-Fibreglass sprl
  • Owens Corning Corporation
  • Huntsman International, LLC
  • Solvay S.A.
  • Kemrock Industries and Exports Limited
  • E. I. Du Pont Nemours & Co.
  • Cristex Ltd, etc.

Breakup by Resin Type:

  • Advanced Thermosetting Composites
  • Advanced Thermoplastic Composites

Breakup by Type of Fiber:

  • Glass
  • Carbon
  • Aramid

Breakup by Manufacturing Process:

  • Hand Layup/Spray Layup
  • AFP and ATL
  • Filament Winding
  • Injection Molding
  • Pultrusion
  • Compression Molding
  • RTM/VARTM
  • Others

Breakup by Application:

  • Aerospace and Aviation
  • Automotive
  • Energy
  • Electronics
  • Marine
  • Others

Breakup by Regional Insights:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Key Highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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