Global Advanced Composites Industry was valued at USD 23.80 Billion in the year 2017. Global Advanced Composites Industry is further estimated to grow at a CAGR of 8.95% from 2017 to reach USD 47.31 Billion by the year 2025. North America region holds the highest Industry share in 2017 and European Industry is considered to be the fastest growing Industry in the forecasted period. At a country level, developed Industry like the U.S. hold a notable Industry share in 2016 and it is projected to grow at a gradual rate in the coming years.
Global Advance Composite Industry Share by 2025
The major players in advanced composites industry are Koninklijke Ten Cate BV., Mitsubishi Chemical Holdings Corporation, Toray Industries Inc., Teijin Limited, Huntsman International LLC., Hexcel Corporation, SGL Group also other 12 more companies detailed information is provide in research report. Rising research and development expenses to satisfy changing demands of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in last 5 years.
SWOT Analysis of Advance Composite Industry
Rising demand in Aerospace & Defense industry
The high cost of raw materials used for manufacturing
Emerging Industry pose an opportunity
Recycling products & reducing wastes
Segmentation done on the basis of the end-user industry includes Transportation, Aerospace & Defense, Civil Engineering, Electrical & Electronics segments. Aerospace & Defense segment is expected to hold the highest Industry share during the forecast period.
Advanced Composites Industry Outlook By End-Use Industry
Aerospace & Defense
Electrical & Electronics
Advanced Composites Industry Outlook By Manufacturing
Resin Transfer Molding Process
Compression Molding Process
Injection Molding Process
Filament Winding Process
Advanced Composites Industry Outlook By Fiber
Advanced Composites Industry Outlook By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa