Global High Performance Composites Market
Global High Performance Composites Market was valued US$ 26.70 Bn in 2019, and expected to reach US$ XX Bn by 2026 at a CAGR of XX %.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global high performance composite market is segmented into resin type, fiber type, application, and region. based on resin type, market is divided into thermoset resins and thermoplastic resins. on the basis of fiber type, market is segmented into carbon fiber composites, S-glass composites, aramid fiber composites, others. according to application, market is classified into aerospace & defense, automotive, wind turbine, pressure vessel, medical, construction and others. geographically, market is spread by North America, Asia-Pacific, Latin America, Europe, Middle East & Africa.
High performance composites market based on resin type has been segmented into thermoset resins and thermoplastic resins. The thermoplastic resin segment is dominating the high performance composites market during the forecast period. Thermoplastic resin offers high impact strength and smooth surface finish and can be moulded easily on reheating hence has gain popularity over thermoset.
High performance composite demand is fueled by high growth in the commercial airliner market as well as in emerging applications such as wind turbines and pressure vessels. Emerging trend of lightweight vehicle is supporting the high performance composite market positively. Comparative high cost and labor-intensive production of composites will act as a restrain to high performance composite market.
High performance composite market based on fiber type has been categorized into carbon fiber composites, S-glass composites, aramid fiber composites, others. S-glass fiber type segment is expected grow at a high CAGR during the forecast period. S-glass type segment composites have low flammability, high resistance to corrosion, lightweight and offers high strength. S-glass type is widely used in automotive industry.
Based on application the market has been segmented into aerospace & defense, automotive, wind turbine, pressure vessel, medical, construction and others. Aerospace & defence segment is expected to hold one of the largest shares of the market during the forecast period.
Geographically, the high performance composites market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to be one of the largest markets for high performance composites driven by higher demand while Asia Pacific is about to show a growth at highest CAGR.
key players operated in high performance composite market are Toray Industries Inc. (Japan), Solvay S.A. (Belgium), Hexcel Corporation (US), SGL Group-The Carbon Company (Germany), TPI Composites (US), Koninklijke TenCate NV (Netherlands), Owens Corning Corporation (US), BASF SE (Germany), Teijin Limited (Japan), Albany International Corporation (US)
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Global High Performance Composites Market by Resin Type:
• Thermoset Resins
• Thermoplastic Resins
Global High Performance Composites Market by Fiber Type:
• Carbon Fiber Composites
• S-glass Composites
• Aramid Fiber Composites
• Others
Global High Performance Composites Market by Application:
• Aerospace & Defense
• Automotive
• Wind Turbine
• Pressure Vessel
• Medical
• Construction
• Others
Global High Performance Composites Market by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global High Performance Composite Market:
• Toray Industries Inc. (Japan)
• Solvay S.A. (Belgium)
• Hexcel Corporation (US)
• SGL Group-The Carbon Company (Germany)
• TPI Composites (US)
• Koninklijke TenCate NV (Netherlands)
• Owens Corning Corporation (US)
• BASF SE (Germany)
• Teijin Limited (Japan)
• Albany International Corporation (US)
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