According to the recent study the advance composites market is projected to reach an estimated $13 billion by 2030 from $9 billion in 2023 at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by increasing demand of lightweight materials in the aerospace & defense and automotive industry.
Browse 93 figures/charts
and 79 tables in this 205-page report to understand trends, opportunities and
forecast in advance composites market by application (aerospace and defense,
wind energy, transportation, marine, construction, consumer goods, pressure
vessels, and others), fiber type (carbon composites, s-glass composites, and
aramid composites), resin type (epoxy composites, phenolic composites, vinyl
ester composites, thermoplastic composites, and other thermosets), and region
(North America, Europe, APAC, and ROW).
Lucintel forecasts that
aerospace and defense will remain the largest application over the forecast
period due to the increase penetration of composites in next generation
commercial aircraft, like Boeing’s B787 and Airbus 380, regional aircraft such
as Bombardier’s C Series, and general aviation aircraft such as Cirrus and
Diamond.
Carbon composite will
remain the largest segment over the forecast period due to its beneficial
qualities of being lightweight while offering corrosion resistance and high
tensile strength.
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advance
composites market.
North America is
expected to remain the largest region and APAC witness the highest growth over
the forecast period.
Toray Industries Inc.,
Cytec Solvay Group, Owens Corning, AGY Holdings, E.I Du Pont de Nemours, and
Teijin Aramid are the major supplier in the advance composites market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
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ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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