COVID-19 Impacts: Advanced Polymer Composites Market Will Accelerate at a CAGR of About 8% Through 2020-2024 | Growth of Oil and Gas Industry to Boost Growth | Technavio
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)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
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?
North America
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:
Fiber Type
Glass
Carbon
Aramide
Region
APAC
Europe
MEA
North America
South America
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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:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
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 condition
Market Segmentation by End-user
Market segments
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
Market segments
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
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
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
Market drivers
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 challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Braj Binani Group
Covestro AG
DuPont de Nemours Inc.
Hexcel Corp.
Mitsubishi Chemical Holdings Corp.
Owens Corning
SGL Carbon SE
Solvay SA
Teijin Ltd.
Toray Industries Inc.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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