Technavio has been monitoring the advanced polymer composites market and it is poised to grow by USD 4.95 billion during 2020-2024, progressing at a CAGR of about 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Advanced Polymer Composites Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
What was the value of the advanced polymer composites market in 2019?
Technavio says that the value of the market was USD 10.63 billion in 2019 and is projected to reach USD 15.58 billion by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of about 8%, the market growth will accelerate during the forecast period.
What is the key factor driving the market?
The growth of oil and gas industry and the increasing demand for lightweight and high-performance materials are the key factors driving the market growth.
Who are the top players in the market?
Braj Binani Group, Covestro AG, DuPont de Nemours Inc., Hexcel Corp., Mitsubishi Chemical Holdings Corp., Owens Corning, SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc. are some of the major market participants.
Which region is expected to hold the highest market share?
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Braj Binani Group, Covestro AG, DuPont de Nemours Inc., Hexcel Corp., Mitsubishi Chemical Holdings Corp., Owens Corning, SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The growth of the oil and gas industry has been instrumental in driving the growth of the market.
Advanced Polymer Composites Market 2020-2024: Segmentation
Advanced Polymer Composites Market is segmented as below:
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Advanced Polymer Composites Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our advanced polymer composites market report covers the following areas:
Advanced Polymer Composites Market size
Advanced Polymer Composites Market trends
Advanced Polymer Composites Market analysis
This study identifies the demand for lightweight and high-performance materials as one of the prime reasons driving the advanced polymer composites market growth during the next few years.
Advanced Polymer Composites Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the advanced polymer composites market, including some of the vendors such as Braj Binani Group, Covestro AG, DuPont de Nemours Inc., Hexcel Corp., Mitsubishi Chemical Holdings Corp., Owens Corning, SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc. Backed with competitive intelligence and benchmarking, our research reports on the advanced polymer composites market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Advanced Polymer Composites Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist advanced polymer composites market growth during the next five years
Estimation of the advanced polymer composites market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the advanced polymer composites market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of advanced polymer composites market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by End-user
Aerospace - Market size and forecast 2019-2024
Automotive - Market size and forecast 2019-2024
Energy - Market size and forecast 2019-2024
Marine - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End-user
Market Segmentation by Fiber Type
Comparison by Fiber Type
Glass - Market size and forecast 2019-2024
Carbon - Market size and forecast 2019-2024
Aramid - Market size and forecast 2019-2024
Market opportunity by Fiber Type
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Braj Binani Group
DuPont de Nemours Inc.
Mitsubishi Chemical Holdings Corp.
SGL Carbon SE
Toray Industries Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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