Advanced polymer composites market has Major trends in Aerospace industry by 2024 - PowerPoint PPT Presentation

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Advanced polymer composites market has Major trends in Aerospace industry by 2024

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Advanced polymer composites market share for aviation part led the business and accounted for more than 40% of the total share in 2015. – PowerPoint PPT presentation

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Title: Advanced polymer composites market has Major trends in Aerospace industry by 2024


1
Advanced Polymer Composites Market Aerospace
industry to drive demand by 2024
2
Global Market Scenario of Advanced Polymer
Composites Industry
  • Advanced Polymer Composites Market to exceed USD
    16 billion by 2024 according to a new research
    report by Global Market Insights, Inc.
  • Robust growth in the aerospace industry,
    including both civil and commercial are prime
    factors stimulating advanced polymer composites
    market share in recent years. The product offers
    superior properties including strength and
    abrasion resistance, which makes it suitable to
    find applications in aircraft part manufacturing.
    In 2006, the overall revenue passenger kilometers
    (RPK) was more than 4 billion and is poised to
    exceed 15 billion RPK by 2033. In addition,
    enormous backlogs in the aircraft manufacturing,
    reduced air fares and escalating air
    transportation industry will stimulate product
    demand by 2024.
  • Global advanced polymer composites market size is
    also influenced by positive growth indicators
    from the end-user industries. Global vehicle
    manufacturing in 2013 was roughly around 87
    million units and likely to surpass 130 million
    units over the projected timeframe. Socio
    economic factors such as improved lifestyles and
    increasing disposable income has substantially
    propelled the automotive sales across the globe.

3
Continue.....
  • Drifting focus towards renewable sources for
    power generation will positively boost product
    demand for manufacturing blades used in wind
    energy plants. In addition, the global installed
    wind capacity is likely to observe growth more
    than 12 between 2016 and 2024, particularly due
    to decreasing fossil fuel dependency for energy
    generation. However, the advanced polymer
    composites market size is negatively influenced
    in the recent years on account of high product
    cost in comparison with prevailing counterparts
    in the business. For instance, steel price in
    2015 was roughly USD 1 per kilo, whereas, carbon
    fiber price was close to USD 35 per kilo.
  • In 2015, North America advanced polymer
    composites market size was close to USD 3
    billion. Drifting regional trend towards wind
    energy generation will positively influence of
    the product demand. Additionally, robust
    aerospace industry in the U.S. will complement
    regional growth by 2024. Asia Pacific is analyzed
    to be the fastest growing region in the coming.
    The region accounts for more than 35 of the
    global new aircraft demand, which is the major
    factor propelling regional growth.

Latest Research Report On Flexible Packaging
Market_at_ https//www.gminsights.com/industry-analys
is/advanced-polymer-composites-market
4

Request Sample Copy PDF_at_ https//www.gminsights.c
om/request-sample/detail/1175
5
360 Industry Analysis
Request for customization https//www.gminsights.
com/roc/1175
  • Product Analysis-
  • In 2015, resins accounted for the more than 35
    of the global advanced polymer composites market
    share. Epoxy resins owing to high adhesive and
    water resistance properties are widely used in
    the boat building industry. In addition, high
    electric flame resistance along with excellent
    mechanical strength makes them suitable to find
    widespread applications in electrical materials
    and metal bonding.
  • Fiber led the overall advanced polymer composites
    market size for 2015. Carbon fiber due to its
    outstanding tensile strength and modulus of
    rigidity is used in the automotive and aerospace
    industry. Glass fiber offers high characteristics
    such as transparency, chemical resistance,
    hardness and flexibility, which makes it for
    applications in tires reinforced plastics, boat
    hulls seats, furnishing fabrics, apparels,
    garments and exhaust nozzles.
  • In 2015, global advanced polymer composites
    market size for aviation parts was more than 3.5
    billion. Strong growth in the aerospace industry
    across the globe will stimulate product demand in
    the coming years. In addition, autoparts are
    likely to observe growth more than 7 over the
    estimated period. Escalating commercial and
    personal vehicle demand across the globe will
    positively influence the overall advanced polymer
    composites market size.


6
Regional Analysis North America led the overall
advanced polymer composites market share and
accounted for more than 35 of the global
business share in 2015. Asia Pacific is likely
to observe highest growth between 2016 and 2024.
Increasing automotive sales in the region due to
improved consumer spending power, elevating
aerospace industry in China India and robust
growth in the construction business are the
factors contributing regional growth over the
past few years. Competitive Analysis In 2015,
advanced polymer composites market share was
fragmented with key industry contributors
accounting for less than 20 of the business.
Key companies participating in the advanced
polymer composites market include BASF, Owens
Corning, Arkema, Cristex, 3B-Fibreglass, Solvay,
SGL Carbon, Toray Industries, Mitsubishi Rayon,
Cytec, Hexcel and TPI Composites.
7

Latest Research Report On Advanced Polymer
Composites Market_at_ https//www.gminsights.com/indu
stry-analysis/advanced-polymer-composites-market
Download Latest Report Sample PDF _at_
https//www.gminsights.com/request-sample/detail/
1175 Request for customization https//www.
gminsights.com/roc/1175
8
Stay In Touch You can visit us at
www.gminsights.com
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