High-Performance Composites Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Resin Type (High-Performance Thermoset Composites and High-Performance Thermoplastic Composites), By Fiber Type (Carbon fiber Composites, Aramid fiber Composites, S-Glass Composites, and Others), By Manufacturing Process (Lay-Up Process, Resin Transfer Molding Process, Compre
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationHigh-Performance Composites Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Resin Type (High-Performance Thermoset Composites and High-Performance Thermoplastic Composites), By Fiber Type (Carbon fiber Composites, Aramid fiber Composites, S-Glass Composites, and Others), By Manufacturing Process (Lay-Up Process, Resin Transfer Molding Process, Compre
China accounted for 31.2 percent of global manufacturing output in 2021.
Composites are made up of two independent elements, fiber, and resin. The unique substance, which has features that set it apart from fiber and resin, stands out for its high stiffness, strength, and lightweight. These properties have increased demand for the substance across several industries, including aerospace, defense, and transportation. Epoxy resin is frequently used as the matrix in high-performance polymer composites for aeronautical and astronautical applications.
High-performance composites are made from carbon, glass, aramid, quartz, ultrahigh-molecular-weight polyethylene, ceramic, boron, and new fibers like poly (p-phenylene benzothiazole) (PBO) fibers. Due to their high tensile strength, high thermal conductivity, and low weight, these materials are frequently used in various industries, including automotive, wind turbines, medical, construction, aerospace, and defense. The increased demand for glass and carbon fiber high-performance reinforced plastics in Airbus airplanes and the growing use of high-performance composites in wind turbine blades are the primary drivers of the high growth rate of the high-performance composites market.
Growing Demand for Lightweight and High-Strength Materials
. Environmental bodies like the EPA have pushed using such materials to preserve the ecological balance.
Low-Cost Substitute for Metals
With high-performance composite, approximately 40% cost reduction is possible
Growing Technological Advancement for Sustainable Development
Advanced carbon and glass fiber-reinforced polymer (FRP) composites are particularly intriguing for industrial and clean-energy applications. Carbon fiber-reinforced polymer composites outperform many structural materials in terms of structural strength-to-weight ratio and corrosion resistance.
To increase the performance of industrial machinery and components, corrosion resistance and other properties can be added to composites. For instance, fiber-reinforced polymer composites may create more effective heat exchangers, fans, blowers, and other machinery that can withstand corrosive or high-temperature processes, durable pipelines and tanks, and machinery with better electrical insulation.
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Market Segmentation
The global High-Performance Composites market is segmented by resin type, fiber type, manufacturing process, and application.
Market players
Solvay SA, BASF SE, Chevron Phillips Chemical Co., LLC, Toray Industries Inc., SABIC, LyondellBasell Industries N.V., Owens Corning Corporation, Honeywell International Inc., Teijin Limited, Asahi Kasei Fibers Corp are some of the key market players.
|
Attribute |
Details |
|
Base Year
|
2022 |
|
Historic
Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022
and 2023-2028 |
|
Report Coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments Covered |
·
Resin Type ·
Fiber Type ·
Manufacturing Process ·
Application |
|
Regional
scope |
North
America; Europe; Asia Pacific; South America; Middle East & Africa |
|
Country
scope |
United States, Canada, Mexico; China, India, Japan, South
Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, South
Africa, UAE, Saudi Arabia, Turkey, and Egypt. |
|
Key
companies profiled |
Solvay
SA, BASF SE, Chevron Phillips Chemical Co., LLC, Toray Industries Inc.,
SABIC, LyondellBasell Industries N.V., Owens Corning Corporation, Honeywell
International Inc., Teijin Limited, Asahi Kasei Fibers Corp |
|
Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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