The global advanced polymer composites market is anticipated to grow at a considerable CAGR of 8.7% during the forecast period (2023-2029). As advanced polymer composites are used to create aircraft components such as engine nacelles, elaborators, wings, ailerons, floor beams, landing gear doors, and rudders, the aerospace sector is expected to be the primary end-user over the forecast period. Rapid development and better lifestyles are expected to increase the number of aircraft customers, accompanied by lower fares. Furthermore, increased demand for aircraft carriers from the military and transportation enhances the use of advanced polymer composites in the aerospace industry. For instance, in June 2020, Solvay and Leonardo signed a 5-year supply arrangement under which Solvay is expected to deliver a broad variety of market-dealing materials to Leonardo's Aircraft, Aeronautics, Electronics, and Helicopters departments.
Browse the full report description of “Advance Polymer Composite Market Size, Share &Trends Analysis Report by Product (Resin [Epoxy Resins, Phenolic Resins, Polyester Resins] Fiber [Carbon, Glass, Aramid, and Others]), and By Application (Automotive, Aerospace & Defense, Wind Energy, Sporting Goods, Others) Forecast Period (2023-2029)” at https://www.omrglobal.com/industry-reports/advance-polymer-composite-market
Meanwhile, the change in emphasis toward green energy sources is expected to increase demand for advanced polymer composites for wind turbine blades. Expensive product prices due to its complicated manufacturing process, as well as stringent government regulations regarding the use of polymers due to their negative environmental effects, will limit the future development of the advanced polymer composite market.
Market Coverage
• The market number available for – 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered-
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
1.1. Competitive Landscape- Arkema SA, BASF SE, Hexcel Corporation, SGL Carbon SE, Solvay SA, Toray Industries Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected regions and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Advance Polymer Composite Market Report Segment
By Product
• Resin
o Epoxy Resins
o Phenolic Resins
o Polyester Resins
• Fiber
o Carbon
o Glass
o Aramid
o Other
By Application
Global Advance Polymer Composites Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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