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Advanced Composite Materials Market Share, Size 2019-2024 | Industry Analysis, Overview of Market Dynamics, Top Key Players, and Regional Forecast to 2024


The “Advanced Composite Materials Market” report 2019 provides information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. It maintains the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Advanced Composite Materials market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Advanced Composite Materials market is provided in detail in the report.

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Advanced Composite Materials Market Covers Key Players:

  • 3B
  • the Fibreglass Company
  • Cytec Solvay Group
  • DowDuPont Inc.
  • Hexcel Corporation
  • Hyosung Corporation
  • Kermel
  • Kolon Industries Inc.
  • Koninklijke Ten Cate BV
  • Mitsubishi Chemical Carbon Fiber and Composites Inc.
  • Owens Corning
  • SGL Group
  • Teijin Limited
  • Toray Industries Inc.
  • Yantai Tayho Advanced Materials Co. Ltd

    Market Overview:

  • The advanced composite materials market is expected to register growth at a CAGR of more than 6% during the forecast period, 2019-2024. Factors such as increasing demand for fuel efficient and lightweight vehicles are driving the advanced composite materials market globally.
  • – Increasing demand for lightweight materials in the aerospace & defense industry is expected to drive the demand for the market during the forecast period.
  • – On the flip side, increasing raw material cost is likely to hinder the market’s growth.
  • – New technology inventions in wind energy sector is projected to act as an opportunity for the market in future.<

    Report Highlights:

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2024, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2024
    • Advanced Composite Materials Market opportunities and recommendations for new investments

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    Scope of the Report:

  • This report studies the global Advanced Composite Materials market size, industry status and forecast, competition landscape and growth opportunity.

    Key Market Trends:

    Aerospace & Defense to Lead the Growth of Advanced Composite Materials Market

    – Composite material is witnessing rapidly increasing demand from the aerospace industry. The use of composite materials in commercial transport aircraft is massive because reduced airframe weight enables better fuel economy, and therefore lowers operating costs.
    – Other important properties of advanced composite materials includes high strength, stiffness, heat & chemical resistivity, electrical conductivity, and various other thermal and chemical properties, etc., which widens the scope of usage of advanced composite materials in aerospace & defense industry.
    – They are widely used in ballistic protective applications, such as, bullet proof vests, protective apparel, such as gloves, motorcycle protective clothing, and hunting gaiters.
    – Many countries are focusing in growing a domestic defense industry while manufacturing hardware locally. These factors are expected to drive the demand for advanced composite materials, during the forecast period.
    – The rising air traffic in the Middle-East and Asia-Pacific regions is also likely to spur the demand for commercial and passenger aircrafts, with increasing focus on tourism and travel.
    – Due to aforementioned factors, aerospace & defense is expected to drive the demand for advanced composite materials over the forecast period.

    Europe Region to Dominate the Market

    – Europe holds the largest demand for advanced composite materials, accounting to a little over 30% of the global market in the year 2018.
    – The German aerospace industry is growing at higher rate than it has ever increased.
    – Additionally, France has huge aerospace & defense industry, with major players like Airbus and Dassault aviation in the domestic market.
    – Majority of this is driven by Airbus, with several billions of order booked and around 8 years of production in line. Furthermore, the country’s automotive production is also growing over 1% annually and fueling the demand for advanced composite materials in recent times.
    – These factors are likely to boost the advanced composite materials in the Europe region.

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    Detailed TOC of Advanced Composite Materials Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Demand for Lightweight Materials in the Aerospace and Defense Industry
    4.2.2 Increasing Demand for Fuel Efficient and Lightweight Vehicles
    4.3 Market Restraints
    4.3.1 Increasing Raw Material Cost
    4.3.2 Other Restraints
    4.4 Value Chain / Supply Chain Analysis
    4.5 Porters 5 Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5.1 Composite Type
    5.1.1 Ceramic Matrix Composites (CMCs)
    5.1.2 Metal Matrix Composites (MMCs)
    5.1.3 Polymer Matrix Composites (PMCs)
    5.1.4 Core Materials
    5.1.5 Other Composites
    5.2 Fiber Type
    5.2.1 Aramid Fiber
    5.2.2 Glass Fiber
    5.2.3 Carbon Fiber
    5.2.4 Other Fibers
    5.3 End-user Industry
    5.3.1 Aerospace & Defense
    5.3.2 Wind Energy
    5.3.3 Transportation
    5.3.4 Marine
    5.3.5 Consumer Goods
    5.3.6 Other End-user Industries
    5.4 Geography
    5.4.1 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
    5.4.2 North America United States Canada Mexico
    5.4.3 Europe Germany United Kingdom France Italy Spain Rest of Europe
    5.4.4 South America Brazil Argentina Rest of South America
    5.4.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

    6.1 Mergers & Acquisitions, Joint Ventures, Colaborations and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 3B-the Fibreglass Company
    6.4.2 Cytec Solvay Group
    6.4.3 DowDuPont Inc.
    6.4.4 Hexcel Corporation
    6.4.5 Hyosung Corporation
    6.4.6 Kermel
    6.4.7 Kolon Industries Inc.
    6.4.8 Koninklijke Ten Cate BV
    6.4.9 Mitsubishi Chemical Carbon Fiber and Composites Inc.
    6.4.10 Owens Corning
    6.4.11 SGL Group
    6.4.12 Teijin Limited
    6.4.13 Toray Industries Inc.
    6.4.14 Yantai Tayho Advanced Materials Co. Ltd

    7.1 New Technology Inventions in Wind Energy Sector
    7.2 Other Opportunities


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