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Global Advanced Polymer Composites Market Analysis and Forecast 2021-2025

Report ID:658Chemicals & Materials299 pages

Advanced Polymer Composites Statistics

The global advanced polymer composites market is expected to grow at a CAGR of 8% between 2021 to 2025. It is further expected to witness an estimated value of USD 5.25bn during the forecast period.

The automotive and aerospace industry is expected to surge in the demand for advanced polymer composites market in the coming years.

Drivers and Restraints

The polymer composites are being widely used in wind blades; thus, the wind energy sector is expected to drive the global advanced polymer composites market.

The advanced polymers have their applications in the making of supercars and aircraft due to their properties such as abrasion resistance, high strength, stiffness, etc., owing to the growth of the global advanced polymer composites market.

The oil and gas industry is projected to surge the demand for advanced polymer composites as these polymers help in replacing metals, improving long lifetime, and corrosion resistance, thus expanding the market for advanced polymer composites during the forecast period.

Rapid urbanization is expected to drive the global advanced polymer composites market. The urban lifestyle has led to increasing demand for cars and other light and heavy vehicles, owing to the growth of the advanced polymer composites market.

Further, the swift urbanization has led to an increase in air travel for business and personal purposes, leading to the growth of the global advanced polymer market as advanced polymers are used in the making of aircraft.

The growing demand for luxury vehicles is also paving way for the expansion of the advanced polymer composites market.

Driving factors apart, the high cost due to the complex production process and stringent regulations around it are expected to hinder the global advanced polymer composites market during the forecast period.

That said, the reduction in fossil fuel reserves and increasing demand for energy-efficient resources are expected to drive the expansion of the global advanced polymer composites market in the coming years.

Global Advanced Polymer Composites Market Share By Region Type

Opportunities and Trends

The increasing trend of air travel to save time is expected to add to the growth potential of the advanced polymer composites market.

The rising trend in demand for luxury cars is expected to drive growth opportunities for the advanced polymer composites market in the coming years.

Further, the rising disposable income to upsurge the growth potential for the advanced polymer composites market during the forecast years.

The military and defence sectors paved the way for growth opportunities for the advanced polymer composites market due to their expenditure on new aircraft and other vehicles.

The rising trend in demand for luxury boats and yachts is projected to drive the growth potential for the global advanced polymer composites market during the forecast period.

Product Segment Overview

On the basis of end-users, the advanced polymer composites market is segmented into aerospace, automotive, energy, marine, and others.

However, out of these, the aerospace segment is expected to dominate the global advanced polymer composites market during the forecast period.

The reason for the domination of this segment is expected to be due to the increasing demand for aircraft carriers from the defence and logistic sectors.

Further, rapid urbanization and modern living are witnessing a trend of increasing demand for airways as a mode of travel, thus resulting in the growth of this segment during the forecast period.

On the basis of types, the advanced polymer composites market is bifurcated into glass, carbon, and aramid.

Among these, glass fibres are increasingly gaining traction and prominence over other types. This is due to their high-performance properties such as versatility, abrasion resistance, and stability.

These glass fibres are widely used in wind turbines, boat making, yacht, aviation components, and electrical conductors, thus owing to growth in the same in global advanced polymer composites market during the forecast period.

Regional Overview

In terms of regional dominance, North America is holding the highest market share in the global advanced polymer composites market.

North America will continue to hold the market dominance due to increasing demand for aerospace, automotive, and electronics.

There is increased production in auto parts for the increasing demand in civil and military aerospace applications.

Moreover, there is a substantial customer base for yachts and luxury cars, this rise in the demand for luxury cars and recreational vehicles is expected to boost the region towards growth.

However, during the forecast period, Asia Pacific is likely to witness a humongous growth, owing to a rise in consumer disposable income, and growth in aviation and automotive sectors in countries like India and China.

Competitive Edge

The global advanced polymer composites market is highly competitive in nature, owing to the presence of large-scale market players.

These large-scale market players are strategizing to introduce innovative products to their portfolio and penetrate deeper into the market.

Advanced Polymer Composites Market Key Players

  • Kemrock Industries
  • Mitsubishi Rayon,
  • Owens Corning
  • Toray Industries
  • SGL Carbon
  • Hexcel
  • Arkema
  • Cytec Industries
  • Cristex
  • BASF

Product/Type Disposition (Revenue in USD million)

  • Glass
  • Carbon
  • Aramid

End-User Disposition (Revenue in USD million)

  • Aerospace
  • Automotive
  • Marine
  • Energy
  • Others

Regional Disposition

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently asked questions in Advanced Polymer Composites Market

  1. What are the major factors that will drive the growth in the aerospace sector and how will it be beneficial for the advanced polymer composites market?
  2. What factors could hinder the growth of the global advanced polymer composites market during the forecast period?
  1. Which type of advanced polymer component is expected to dominate the global advanced polymer composites market and why?
  1. Why is the Asia Pacific expected to grow during the forecast period and what are the factors that will drive the growth in the Asia Pacific region.

Table Of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics

4. Global Advanced Polymer Composites Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis

5. Global Advanced Polymer Composites Market Analysis 2017-2021 and Forecast 2022-2032, By Product/Type Disposition
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Product/Type Disposition, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Product/Type Disposition, 2022-2032
5.3.1. Glass
5.3.2. Carbon
5.3.3. Aramid
5.4. Y-o-Y Growth Trend Analysis By Product/Type Disposition, 2017-2021
5.5. Absolute $ Opportunity Analysis By Product/Type Disposition, 2022-2032

6. Global Advanced Polymer Composites Market Analysis 2017-2021 and Forecast 2022-2032, By End User Disposition
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By End User Disposition, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By End User Disposition, 2022-2032
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. Marine
6.3.4. Energy
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By End User Disposition, 2017-2021
6.5. Absolute $ Opportunity Analysis By End User Disposition, 2022-2032

7. Global Advanced Polymer Composites Market Analysis 2017-2021 and Forecast 2022-2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. East Asia
7.3.5. South Asia
7.3.6. Oceania
7.3.7. MEA
7.4. Market Attractiveness Analysis By Region

8. North America Advanced Polymer Composites Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Product/Type Disposition
8.2.3. By End User Disposition
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product/Type Disposition
8.3.3. By End User Disposition
8.4. Key Takeaways

9. Latin America Advanced Polymer Composites Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Argentina
9.2.1.4. Chile
9.2.1.5. Peru
9.2.1.6. Rest of Latin America
9.2.2. By Product/Type Disposition
9.2.3. By End User Disposition
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product/Type Disposition
9.3.3. By End User Disposition
9.4. Key Takeaways

10. Europe Advanced Polymer Composites Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. Italy
10.2.1.3. France
10.2.1.4. U.K.
10.2.1.5. Spain
10.2.1.6. Russia
10.2.1.7. BENELUX
10.2.1.8. Rest of Europe
10.2.2. By Product/Type Disposition
10.2.3. By End User Disposition
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product/Type Disposition
10.3.3. By End User Disposition
10.4. Key Takeaways

11. East Asia Advanced Polymer Composites Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.2. By Product/Type Disposition
11.2.3. By End User Disposition
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product/Type Disposition
11.3.3. By End User Disposition
11.4. Key Takeaways

12. South Asia Advanced Polymer Composites Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Thailand
12.2.1.3. Malaysia
12.2.1.4. Indonesia
12.2.1.5. Rest of South Asia
12.2.2. By Product/Type Disposition
12.2.3. By End User Disposition
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product/Type Disposition
12.3.3. By End User Disposition
12.4. Key Takeaways

13. Oceania Advanced Polymer Composites Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. Australia
13.2.1.2. New Zealand
13.2.2. By Product/Type Disposition
13.2.3. By End User Disposition
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product/Type Disposition
13.3.3. By End User Disposition
13.4. Key Takeaways

14. MEA Advanced Polymer Composites Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC
14.2.1.2. Rest of MEA
14.2.2. By Product/Type Disposition
14.2.3. By End User Disposition
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product/Type Disposition
14.3.3. By End User Disposition
14.4. Key Takeaways

15. Key Countries Advanced Polymer Composites Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Product/Type Disposition
15.1.2.2. By End User Disposition
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Product/Type Disposition
15.2.2.2. By End User Disposition
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Product/Type Disposition
15.3.2.2. By End User Disposition
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Product/Type Disposition
15.4.2.2. By End User Disposition
15.5. Argentina
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Product/Type Disposition
15.5.2.2. By End User Disposition

16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1.  By Regional
16.3.2.  By Product/Type Disposition
16.3.3.  By End User Disposition

17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Kemrock Industries
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Mitsubishi Rayon
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Owens Corning
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Toray Industries
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. SGL Carbon
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Hexcel
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Arkema
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Cytec Industries
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Cristex
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. BASF
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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