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Global advanced polymer composites market was valued at US$ 7.47 Bn in 2013 and is likely to reach US$ 12.12 Bn by 2020, expanding at a CAGR of 7.2% from 2014 to 2020.
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Transparency Market Research Advanced Polymer Composites Market (Raw Material - Resin (Epoxy Resin, Phenolic Resin, Polyester Resin, and Polyacrylic Resin) and Fiber (Glass Fiber, Carbon Fiber, Aramid Fiber and Kevlar Fiber) - Global Industry Growth, Trends, and Forecast 2014 - 2020 Published Date 2015-02-26 120 Page Report Request Sample Buy Now Press Release Global Advanced Polymer Composites Market to be worth US$12.1 bn by 2020 thanks to Expanding Aerospace Sector Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Advanced Polymer Composites Market REPORT DESCRIPTION Global Advanced Polymer Composites Market: Snapshot Advanced polymer composites could be mainly used in applications that require high material strength capacities. Superior structural rigidity, high durability, good material strength, and better functional characteristics differentiate advanced polymer composites from regular composites. The rising demand for advanced polymer composites is expected to be mainly led by the growth of the global aerospace sector and increasing wind turbine installations across the world. The increasing need for large commercial aircrafts is also expected to boost the market growth of advanced polymer composites in the coming years. Browse Market Research Report: http://www.transparencymarketresearch.com/advanced-polymer-composites- market.html The global advanced polymer composites market is estimated to reach a US$12.12 bn by 2020. Varied Properties of Advanced Polymer Composites to Escalate Application in Aerospace Glass fibers are prognosticated to account as a major product segment of the world advanced polymer composites market. These fibers are excessively used in a wide range of applications such as wind turbine, aerospace, and automotive. They could also account for a larger share in 2 Transparency Market Research
Advanced Polymer Composites Market the global production of advanced polymer composites. This demand for glass fibers is predicted to rise considerably because of the elevating need for non-conventional energy resources such as wind. S-glass and E-glass fibers are primarily used in the production of wind blades of wind turbines. A switch to non-conventional energy resources such as wind energy and ensuing rise in the number of the installations of wind turbines are projected to be crucial drivers for glass fiber- based advanced polymer composites in the foreseeable future. The aerospace sector had accounted for an impressive share of the market revenue for advanced polymer composites in the past that helped it to shape as a larger end-use sector. Various aircraft parts such as elaborators, engine nacelles, floor beams, ailerons, main landing gears, and rudders are usually made using advanced polymer composites. Properties such as high stiffness, specific strength, and excellent abrasion and fatigue resistance are envisaged to boost the application of advanced polymer composites in the aerospace sector. Due to surging environmental concerns, various aircraft manufacturers are manufacturing fuel- efficient aircrafts with the application of advanced polymer composites. These composites are highly functional, showcase favorable material properties, and are lightweight. Thus, the use of such composites could be preferred in the production of aircrafts and their different parts. Get accurate market forecast and analysis on the Advanced Polymer Composites market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=1893 Expected Aerospace and Automotive Growth to Propel Development in Asia Pacific 3 Transparency Market Research
Advanced Polymer Composites Market North America and Europe are prophesied to be important market contributors for advanced polymer composites in the near future. North America had accounted for a considerable market share in the recent past. This growth is envisaged to be mainly down to the fact that the customer base for automotive was substantial, which could significantly contribute to market development. North America also has considerable wind power generation setups, which could help in boosting the growth of the market. In addition to this, there is an increasing prevalence of customers opting for luxury boats such as yachts, which may lend a helping hand to the growth of the global advanced polymer composites market. However, leading players of the advanced polymer composites market are foreseen to concentrate on expanding their business in Asia Pacific because of the rising demand for advanced polymer composites in the region. Besides this, the expected growth of the aerospace and automotive sector is anticipated to boost the world advanced polymer composites market. About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. 4 Transparency Market Research
Advanced Polymer Composites Market Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ 5 Transparency Market Research
