Product Code: A07256
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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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- 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
- 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.
TABLE OF CONTENTS
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
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