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Top 10 High Growth Composite Material Market: Aerospace & Defense is Fastest Growing Application Segment

Nov 27,2017

The top 10 high growth composite materials market is projected to grow at a CAGR of 7.04% during forecast period

 

The top 10 high growth composite materials market is projected to reach USD 69.50 billion in 2015 to USD 105.26 billion by 2021, at a CAGR of 7.04% between 2016 and 2021.

 

The major factor expected to boost the growth of the market is high demand for top 10 composite materials from the the aerospace & defense, wind, and transportation applications.The aerospace & defense application led the top 10 high growth composite materials market

Asia-Pacific is projected to be the fastest-growing market for top 10 high growth composite materials.

Asia-Pacific is projected to be the fastest-growing market for top 10 high growth composite materials in the next five years.

 

"The top 10 high growth composite materials market is projected to grow at a CAGR of 7.04% during forecast period"

The top 10 high growth composite materials market is projected to reach USD 69.50 billion in 2015 to USD 105.26 billion by 2021, at a CAGR of 7.04% between 2016 and 2021. The major factor expected to boost the growth of the market is high demand for top 10 composite materials from the the aerospace & defense, wind, and transportation applications. However, the high cost of manufacturing and raw materials and recyclability issue associated with composites may restrain the growth of the market.

"The aerospace & defense application led the top 10 high growth composite materials market"

The aerospace & defense application led the top 10 high growth composite materials market, by value. Composite aerospace structures are required to survive extreme operating conditions, such as high stress, shock, and impact loads. These requirements of complex aerospace structures are fulfilled by composites. There is an increase in the demand for top 10 composite materials, due to the development of new aircraft, including Airbus A350 XWB and A320neo and Boeing 787 and 737 MAX.

"Asia-Pacific is projected to be the fastest-growing market for top 10 high growth composite materials."

Asia-Pacific is projected to be the fastest-growing market for top 10 high growth composite materials in the next five years. The market in the region is expected to be driven by increasing consumption of top 10 composite materials in various applications, such as wind energy, construction, electrical & electronics, and transportation. China led the top 10 high growth composite materials market in Asia-Pacific. The wind energy industry in China witnessed the highest number of wind energy installations in 2015; it added 30.8 GW of new capacity. Wind energy being one of the major applications of composites, and is anticipated to drive the market in the country.

This study has been validated through primaries conducted with various industry experts, globally.

These primary sources have been divided into following three categories:
• By company type- Tier 1- 70%, Tier 2- 25%, and Tier 3- 5%
• By designation- C Level- 31%, Director Level- 46%, and Others- 23%
• By region- North America- 65%, Europe- 24%, Asia-Pacific- 9%, and RoW- 2%

The report provides comprehensive analysis of company profiles listed below:
• Hexcel Corporation (U.S.)
• Hexion Inc. (U.S.)
• General Electric Company (U.S.)
• Rolls-Royce (U.K.)
• Renegade Materials Corporation (U.S.)
• Strongwell Corporation (U.S.)
• Exel Composites (Finland)
• Toray Industries Inc. (Japan)
• Teijin Limited (Japan)
• DAIB Group (Sweden)
• Celanese Corporation (U.S.)
• PolyOne (U.S.)
• IDI Composites (U.S.)
• Solvay Group (Cytec Industries, Inc. (Belgium)
• UPM Biocomposites (Finland)
• Weyerhaeuser Company (U.S.)
• Citadel Plastics Holdings Inc. (U.S.)
• Huntsman Corporation (U.S.)

 

The 5th Annual China Aeronautical Materials and Process Summit will be held in Beijing on November 30th - December 1st, 2017. More than 100+ professional attendees from aircraft OEMs, aero-engine OEMs, aeronautical material R&D institute and universities will participate in this summit, register your interest or get in touch with marketing@galleon.cc for more details.  

 

Contact

Company Name: Galleon (Shanghai) Consulting Co., Ltd.

Name: Dannie Wang

Email Address: marketing@galleon.cc

Web: http://www.galleon.cc/CAMPS2017/index.html

Phone: +86 0 21 5155.9030



 

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