Advanced Polymer Composites Market By Type (Resins, Fiber, Others) , By End-Use Industry (Automotive, Construction, Electrical and Electronics, Aerospace and Defense, Marine, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

Advanced Polymer Composites Market

The advanced polymer composites market was valued at $11.7 billion in 2023 and is projected to reach $24.2 billion by 2033, growing at a CAGR of 7.6% from 2024 to 2033.

Advanced polymer composites are materials formed by combining polymers with reinforcement fibers. The materials synthesized through this combination exhibit remarkable thermal, mechanical, and chemical properties. The key properties of these composites are high strength-to-weight ratio, thermal stability, chemical & corrosion resistance, impact resistance, stiffness, and rigidity. Advanced polymer composites find applications in diverse industries, including automotive, defense & military, automotive, construction, marine, and sports.

Advanced polymer composites observe a high demand due to their customizable properties, making them versatile for diverse applications. In addition, the rapidly expanding automotive industry is a significant driver of the advanced polymer composites market. The automotive industry is inclining toward the usage of lightweight materials, hence increasing the requirement of polymer composites. In recent years, the trend of utilizing additive manufacturing for the manufacturing of the composites is acquiring traction. The manufacturing technique offers exceptional control over the composition and geometry of polymers, facilitating the development of intricate designs. Moreover, innovations in additive manufacturing techniques have led to the integration of functional fillers and nanoparticles during the manufacturing process, elevating the properties of the printed polymer composites.

However, shortage of recycling and disposal options for advanced polymer composites generates environmental concerns, thereby restraining the development of the market. Furthermore, utility of the composites into various industries is subject to several regulations and certifications, which hampers the growth of the advanced polymer composites market. For instance, the Joint Center of Excellence for Advanced Materials (JAMS) in the U.S. focuses on the safety and standardization of certifications regarding the applications of advanced polymer composites. The work of JAMS focuses on international standardization, development of agreements for the designed protocols, and promotion of common material databases globally. Compliance with such systematized regulations remains a challenging task for composites manufacturers and industry players.

Segment Review

The advanced polymer composites market is segmented into type, end-use industry, and region. On the basis of type, the market is divided into resins, fiber, and others. Depending on end-use industry, it is classified into automotive, construction, electrical & electronics, aerospace & defense, marine, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of type, the resins segment held the highest market share in 2023.

Depending on end-use industry, the aerospace & defense segment acquired a high stake in the market in 2023.

Region wise, North America was the highest revenue generator in 2023.

Competition Analysis

The major players of the global advanced polymer composites market include BASF SE, Arkema, Mitsubishi Chemical Carbon Fiber and Composites, Inc., Toray Advanced Composites, Covestro AG., Hexcel Corporation, SGL Carbon, Huntsman International LLC., TPI Composites Inc., and Solvay S.A. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

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Manufacturing Capacity
Capital Investment breakdown
Installed Base analysis
Product Benchmarking / Product specification and applications
Supply Chain Analysis & Vendor Margins
Upcoming/New Entrant by Regions
Average Consumer Expenditure
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Strategic Recommendations
Surgical procedures data- specific or multiple surgery types
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Expanded list for Company Profiles
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Market share analysis of players at global/region/country level
Per Capita Consumption Trends
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Type

Resins
- Epoxy Resins
- Polyester Resins
- Thermoplastic Resins
- Polyester Resins
- Others
Fiber
- Carbon Fiber
- Aramid Fiber
- Glass Fiber
- Others
Others

By End-Use Industry

Automotive
Construction
Electrical and Electronics
Aerospace and Defense
Marine
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

BASF SE
Arkema
Mitsubishi Chemical Carbon Fiber and Composites, Inc.
Toray Advanced Composites
Covestro AG.
Hexcel Corporation
SGL Carbon
Huntsman International LLC.
TPI Composites Inc.
Solvay S.A.

Product Code: A07256

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: ADVANCED POLYMER COMPOSITES MARKET, BY TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Type
4.2. Resins
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
- 4.2.5. Epoxy Resins
  - 4.2.5.1. Market Size and Forecast
- 4.2.6. Polyester Resins
  - 4.2.6.1. Market Size and Forecast
- 4.2.7. Thermoplastic Resins
  - 4.2.7.1. Market Size and Forecast
- 4.2.8. Polyester Resins
  - 4.2.8.1. Market Size and Forecast
- 4.2.9. Others
  - 4.2.9.1. Market Size and Forecast
4.3. Fiber
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
- 4.3.5. Carbon Fiber
  - 4.3.5.1. Market Size and Forecast
- 4.3.6. Aramid Fiber
  - 4.3.6.1. Market Size and Forecast
- 4.3.7. Glass Fiber
  - 4.3.7.1. Market Size and Forecast
- 4.3.8. Others
  - 4.3.8.1. Market Size and Forecast
4.4. Others
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: ADVANCED POLYMER COMPOSITES MARKET, BY END-USE INDUSTRY

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By End-use Industry
5.2. Automotive
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Construction
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Electrical And Electronics
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. Aerospace And Defense
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country
5.6. Marine
- 5.6.1. Key Market Trends, Growth Factors and Opportunities
- 5.6.2. Market Size and Forecast, By Region
- 5.6.3. Market Share Analysis, By Country
5.7. Others
- 5.7.1. Key Market Trends, Growth Factors and Opportunities
- 5.7.2. Market Size and Forecast, By Region
- 5.7.3. Market Share Analysis, By Country

CHAPTER 6: ADVANCED POLYMER COMPOSITES MARKET, BY REGION

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Region
6.2. North America
- 6.2.1. Key Market Trends and Opportunities
- 6.2.2. Market Size and Forecast, By Type
- 6.2.3. Market Size and Forecast, By End-use Industry
- 6.2.4. Market Size and Forecast, By Country
- 6.2.5. U.S. Advanced Polymer Composites Market
  - 6.2.5.1. Market Size and Forecast, By Type
  - 6.2.5.2. Market Size and Forecast, By End-use Industry
- 6.2.6. Canada Advanced Polymer Composites Market
  - 6.2.6.1. Market Size and Forecast, By Type
  - 6.2.6.2. Market Size and Forecast, By End-use Industry
- 6.2.7. Mexico Advanced Polymer Composites Market
  - 6.2.7.1. Market Size and Forecast, By Type
  - 6.2.7.2. Market Size and Forecast, By End-use Industry
6.3. Europe
- 6.3.1. Key Market Trends and Opportunities
- 6.3.2. Market Size and Forecast, By Type
- 6.3.3. Market Size and Forecast, By End-use Industry
- 6.3.4. Market Size and Forecast, By Country
- 6.3.5. France Advanced Polymer Composites Market
  - 6.3.5.1. Market Size and Forecast, By Type
  - 6.3.5.2. Market Size and Forecast, By End-use Industry
- 6.3.6. Germany Advanced Polymer Composites Market
  - 6.3.6.1. Market Size and Forecast, By Type
  - 6.3.6.2. Market Size and Forecast, By End-use Industry
- 6.3.7. Italy Advanced Polymer Composites Market
  - 6.3.7.1. Market Size and Forecast, By Type
  - 6.3.7.2. Market Size and Forecast, By End-use Industry
- 6.3.8. Spain Advanced Polymer Composites Market
  - 6.3.8.1. Market Size and Forecast, By Type
  - 6.3.8.2. Market Size and Forecast, By End-use Industry
- 6.3.9. UK Advanced Polymer Composites Market
  - 6.3.9.1. Market Size and Forecast, By Type
  - 6.3.9.2. Market Size and Forecast, By End-use Industry
- 6.3.10. Rest of Europe Advanced Polymer Composites Market
  - 6.3.10.1. Market Size and Forecast, By Type
  - 6.3.10.2. Market Size and Forecast, By End-use Industry
6.4. Asia-Pacific
- 6.4.1. Key Market Trends and Opportunities
- 6.4.2. Market Size and Forecast, By Type
- 6.4.3. Market Size and Forecast, By End-use Industry
- 6.4.4. Market Size and Forecast, By Country
- 6.4.5. China Advanced Polymer Composites Market
  - 6.4.5.1. Market Size and Forecast, By Type
  - 6.4.5.2. Market Size and Forecast, By End-use Industry
- 6.4.6. Japan Advanced Polymer Composites Market
  - 6.4.6.1. Market Size and Forecast, By Type
  - 6.4.6.2. Market Size and Forecast, By End-use Industry
- 6.4.7. India Advanced Polymer Composites Market
  - 6.4.7.1. Market Size and Forecast, By Type
  - 6.4.7.2. Market Size and Forecast, By End-use Industry
- 6.4.8. South Korea Advanced Polymer Composites Market
  - 6.4.8.1. Market Size and Forecast, By Type
  - 6.4.8.2. Market Size and Forecast, By End-use Industry
- 6.4.9. Australia Advanced Polymer Composites Market
  - 6.4.9.1. Market Size and Forecast, By Type
  - 6.4.9.2. Market Size and Forecast, By End-use Industry
- 6.4.10. Rest of Asia-Pacific Advanced Polymer Composites Market
  - 6.4.10.1. Market Size and Forecast, By Type
  - 6.4.10.2. Market Size and Forecast, By End-use Industry
6.5. LAMEA
- 6.5.1. Key Market Trends and Opportunities
- 6.5.2. Market Size and Forecast, By Type
- 6.5.3. Market Size and Forecast, By End-use Industry
- 6.5.4. Market Size and Forecast, By Country
- 6.5.5. Brazil Advanced Polymer Composites Market
  - 6.5.5.1. Market Size and Forecast, By Type
  - 6.5.5.2. Market Size and Forecast, By End-use Industry
- 6.5.6. South Africa Advanced Polymer Composites Market
  - 6.5.6.1. Market Size and Forecast, By Type
  - 6.5.6.2. Market Size and Forecast, By End-use Industry
- 6.5.7. Saudi Arabia Advanced Polymer Composites Market
  - 6.5.7.1. Market Size and Forecast, By Type
  - 6.5.7.2. Market Size and Forecast, By End-use Industry
- 6.5.8. Rest of LAMEA Advanced Polymer Composites Market
  - 6.5.8.1. Market Size and Forecast, By Type
  - 6.5.8.2. Market Size and Forecast, By End-use Industry

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023

CHAPTER 8: COMPANY PROFILES

8.1. BASF SE
- 8.1.1. Company Overview
- 8.1.2. Key Executives
- 8.1.3. Company Snapshot
- 8.1.4. Operating Business Segments
- 8.1.5. Product Portfolio
- 8.1.6. Business Performance
- 8.1.7. Key Strategic Moves and Developments
8.2. Arkema
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Operating Business Segments
- 8.2.5. Product Portfolio
- 8.2.6. Business Performance
- 8.2.7. Key Strategic Moves and Developments
8.3. Mitsubishi Chemical Carbon Fiber And Composites, Inc.
- 8.3.1. Company Overview
- 8.3.2. Key Executives
- 8.3.3. Company Snapshot
- 8.3.4. Operating Business Segments
- 8.3.5. Product Portfolio
- 8.3.6. Business Performance
- 8.3.7. Key Strategic Moves and Developments
8.4. Toray Advanced Composites
- 8.4.1. Company Overview
- 8.4.2. Key Executives
- 8.4.3. Company Snapshot
- 8.4.4. Operating Business Segments
- 8.4.5. Product Portfolio
- 8.4.6. Business Performance
- 8.4.7. Key Strategic Moves and Developments
8.5. Covestro AG.
- 8.5.1. Company Overview
- 8.5.2. Key Executives
- 8.5.3. Company Snapshot
- 8.5.4. Operating Business Segments
- 8.5.5. Product Portfolio
- 8.5.6. Business Performance
- 8.5.7. Key Strategic Moves and Developments
8.6. Hexcel Corporation
- 8.6.1. Company Overview
- 8.6.2. Key Executives
- 8.6.3. Company Snapshot
- 8.6.4. Operating Business Segments
- 8.6.5. Product Portfolio
- 8.6.6. Business Performance
- 8.6.7. Key Strategic Moves and Developments
8.7. SGL Carbon
- 8.7.1. Company Overview
- 8.7.2. Key Executives
- 8.7.3. Company Snapshot
- 8.7.4. Operating Business Segments
- 8.7.5. Product Portfolio
- 8.7.6. Business Performance
- 8.7.7. Key Strategic Moves and Developments
8.8. Huntsman International LLC.
- 8.8.1. Company Overview
- 8.8.2. Key Executives
- 8.8.3. Company Snapshot
- 8.8.4. Operating Business Segments
- 8.8.5. Product Portfolio
- 8.8.6. Business Performance
- 8.8.7. Key Strategic Moves and Developments
8.9. TPI Composites Inc.
- 8.9.1. Company Overview
- 8.9.2. Key Executives
- 8.9.3. Company Snapshot
- 8.9.4. Operating Business Segments
- 8.9.5. Product Portfolio
- 8.9.6. Business Performance
- 8.9.7. Key Strategic Moves and Developments
8.10. Solvay S.A.
- 8.10.1. Company Overview
- 8.10.2. Key Executives
- 8.10.3. Company Snapshot
- 8.10.4. Operating Business Segments
- 8.10.5. Product Portfolio
- 8.10.6. Business Performance
- 8.10.7. Key Strategic Moves and Developments