As of the current year, 2022, the global advanced polymer composites market is estimated at US$ 11.12 Billion. The market value of the advanced polymer composites market is anticipated to surpass a valuation of US$ 19.73 Billion by the year 2032, advancing at a CAGR of 5.9%. A historical market valuation of US$ 10.5 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year. The growth is supported by:
| Report Attribute | Details |
|---|---|
| Advanced Polymer Composites Market Value (2022) | US$ 11.12 Billion |
| Advanced Polymer Composites Market Anticipated Value (2032) | US$ 19.73 Billion |
| Advanced Polymer Composites Projected Growth Rate (2022 to 2032) | 5.9% |
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Although the market is witnessing healthy growth, it is identified that certain elements prevailing in the market are likely to curb the growth in the upcoming years. Reinforcement of polymers involves high-end technology that adds on production cost, and the high association of production cost with advanced polymer composites is expected to hamper the market growth in the foreseen years.
In addition to that, the manufacturing process concerned with advanced polymer composites requires a lot of time, which eventually leads to an increase in labor costs, thereby impeding the growth of the market through the forecast period.
There are several end-use industries revolving around the advanced polymer composites market that include consumer goods, automotive, marine, electronics, and others. Amidst these, the aerospace industry is expected to lead the global market in the upcoming years.
The industry is expected to withhold 40% of shares in the global market. The trend is anticipated to continue as the industry continues to make significant investments in research and development activities. The aerospace industry is building new air travel and overhauling the existing machines, which have become an indispensable part of modern living. Therefore, a soaring demand from the defense and logistics side, coupled with demand for aircraft carriers is likely to boost the uptake of advanced polymer composites in the concerned industry.
Principal Consultant
It is identified that the advanced polymer composites market has been witnessing an unprecedented surge in recent years. After an in-depth analysis of the market, it has been estimated that there has been an approximate rise of US$ 0.62 Billion from the base year to the current.
The reason for the growth can be attributed to the increasing demand from the various end-use industries. Owing to advanced polymer composites being multi-phased materials they have high strength and are majorly replacing conventional materials like metals, glass, and others. Superior technical properties like lightweight, stiffness, abrasion resistance, sturdiness, and excellent fatigue are some of the key reasons that end-use industries across the globe are adopting advanced polymer composites.
The manufacturing process of the aerospace and defense sector is highly using advanced polymer composites and the market is expected to aid significant growth through the estimated study period.
Carbon Fiber Composites – By Product Type Category
It is anticipated that the carbon fiber segment is going to dominate the global advanced polymer composites market throughout the forecast period. This segment is projected to advance at a moderate pace, registering a CAGR of 6.6% through 2032. The factors contributing to the progression of this segment include:
The resin composites segment is also anticipated to have significant growth during the projection period and is likely to surpass a market valuation of US$ 6.4 Billion by the end of 2032. Due to the high resistance of resins to electricity and flames, they possess superior mechanical strength.
The resins are used in metal bonding and as fusion bonding advanced polymer composites in electric and carbon materials. It is identified that resin-based polymers are extremely suitable for aviation parts and auto components. The consistent upsurge in air traffic across developing economies is heavily impacting the advanced polymer composites industry.
Auto Parts – By Application
After an in-depth analysis of the market, it is identified that the auto parts segment by application type category is likely to exert dominance in the advanced polymer composites market. This segment is estimated to exceed a valuation of US$ 3.4 Billion by the end of the estimated study period. The factors responsible for the steady advancement of this segment are:
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| Country/Region | Growth Propellants |
|---|---|
| United States | The USA has emerged as a leading country in the North American region. The elements responsible for the growth of the USA advanced polymer composites market are:
|
| Europe | Europe is estimated to surpass a market valuation of US$ 5.3 Billion by the end of 2032. Aspects propelling the growth of the market in Europe can be identified as follows:
|
| Japan | Japan’s advanced polymer composites market is estimated to hold significant shares in the forthcoming years. Factors boosting the growth of the market are as follows:
|
| Korea | The Korean advanced polymer composites market is anticipated to hold considerable shares in the Asia Pacific region. Factors contributing to the growth of the market are:
|
Glance Upon the Unique Attempts of the New Entrants in the Market
The new entrants in the advanced polymer composites market are leveraging advancements in technology to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands. Efforts are being made to strengthen their foothold in the market and aid the further progression of the advanced polymer composites market.
Arris Composites – This start-up company has emerged as a pioneer of next-generation composites for mass applications across diverse markets that include automotive, aerospace, and consumer products. They are manufacturing and designing highly integrated products that are more compact, lighter, and tougher.
Atomic-6 LLC – This start-up is an advanced composite manufacturing company. Their proprietary process brings composites to the next stages of uniqueness and innovation. They create highly customizable products that are faster than before, and simultaneously lighter and stronger.
Actuation Lab Ltd – This firm stands out to be a modern-day investor that is utilizing advanced materials and techniques for manufacturing products. The start-up is using the latest design methods, and rapid manufacturing, and is beholding the perception that mechanical hardware keeps the industry moving.
Key Players Focus on New Tangents to Enjoy Multi-directional Growth
The advanced polymer composites market is fragmented and the key players are deploying organic and inorganic growth strategies to compete in the market. The biggies are heavily investing in research and development activities to create lightweight, durable, and corrosion-resistant composites for easing the job of autonomous vehicle manufacturers. make compact and comprehensive vehicles.
For instance, iCOMAT is a spin-out company from the University of Bristol that has recently developed a patented manufacturing process to make advanced carbon fiber composites that are lighter and stronger, along with being cost-effective in nature over the state-of-art processes.
They are incorporating game-changing solutions for their customer base and allowing them to unlock new levels of composite performances. These advanced polymer composites are better than before and the firm has pioneered the revolutionary Rapid Tow Sheering technology in recent years.
Recent Developments
The growth outlook for the advanced polymer composites market is predicted to advance at a CAGR of 5.9% from 2022 to 2032.
The North American region is anticipated to lead the advanced polymer composites market during the forecast period.
The market valuation of the advanced polymer composites market stands at US$ 11.12 Billion in 2022.
The advanced polymer composites market is likely to hold a valuation of US$ 19.73 Billion by 2032.
The automotive industry sector is the key driver in the advanced polymer composites market.
1. Executive Summary | Advanced Polymer Composites Market
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
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
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 Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Kilo tons) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Kilo tons) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Kilo tons) Analysis By Product, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Kilo tons) Analysis and Forecast By Product, 2022 to 2032
5.3.1. Resin
5.3.1.1. Epoxy resins
5.3.1.2. Epoxy resins
5.3.1.3. Polyester resins
5.3.1.4. Others
5.3.2. Fiber
5.3.2.1. Carbon
5.3.2.2. Glass
5.3.2.3. Aramid
5.3.2.4. Others
5.3.3. Others
5.4. Y-o-Y Growth Trend Analysis By Product, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Product, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Kilo tons) Analysis By Application, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Kilo tons) Analysis and Forecast By Application, 2022 to 2032
6.3.1. Conductors
6.3.2. Autoparts
6.3.3. Tanks & pipes
6.3.4. Aviation parts
6.3.5. Boatbuilding
6.3.6. Wind blades
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Kilo tons) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ Million) & Volume (Kilo tons) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa(MEA)
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Kilo tons) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ Million) & Volume (Kilo tons) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Product
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Kilo tons) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Kilo tons) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Kilo tons) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Kilo tons) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Product
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Kilo tons) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Kilo tons) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Product
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Kilo tons) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Kilo tons) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa(MEA)
12.2.2. By Product
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Product
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Product
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Product
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Product
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Product
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Product
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Product
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Product
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Product
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Product
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Product
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Product
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Product
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Product
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Product
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Product
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Product
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Product
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Product
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2021
13.20.2.1. By Product
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Product
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. BASF SE
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Arkema S.A.
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. SGL Carbon SE
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Kemrock
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Solvay S.A.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Mitsubishi Rayon Co. Ltd.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Toray Industries Inc.
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. TPI Composite Inc.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Hexcel Corporation
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Owens Corning
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Advanced Polymer Composites Market
