Global High Performance Composites Market

1
Global High Performance Composites Market was
valued US 23.85 Bn in 2016, and expected to
reach US 41.91 Bn by 2026 at a CAGR of
5.8. high performance composites
market Global high performance composite market
is segmented into resin type, fiber type,
application, and region. based on resin type,
market is divided into thermoset resins and
thermoplastic resins. on the basis of fiber type,
market is segmented into carbon fiber composites,
S-glass composites, aramid fiber composites,
others. according to application, market is
classified into aerospace defense, automotive,
wind turbine, pressure vessel, medical,
construction and others. geographically, market
is spread by North America, Asia-Pacific, Latin
America, Europe, Middle East Africa. High
performance composites market based on resin type
has been segmented into thermoset resins and
thermoplastic resins. The thermoplastic resin
segment is dominating the high performance
composites market during the forecast period.
Thermoplastic resin offers high impact strength
and smooth surface finish and can be moulded
easily on reheating hence has gain popularity
over thermoset. High performance composite
demand is fueled by high growth in the commercial
airliner market as well as in emerging
applications such as wind turbines and pressure
vessels. Emerging trend of lightweight vehicle is
supporting the high performance composite market
positively. Comparative high cost and
labor-intensive production of composites will act
as a restrain to high performance composite
market. High performance composite market based
on fiber type has been categorized into carbon
fiber composites, S-glass composites, aramid
fiber composites, others. S-glass fiber type
segment is expected grow at a high CAGR during
the forecast period. S-glass type segment
composites have low flammability, high resistance
to corrosion, lightweight and offers high
strength. S-glass type is widely used in
automotive industry. Based on application the
market has been segmented into aerospace
defense, automotive, wind turbine, pressure
vessel, medical, construction and others.
Aerospace defence segment is expected to hold
one of the largest shares of the market during
the forecast period. Geographically, the high
performance composites market has been segmented
into North America, Europe, Asia Pacific, Middle
East Africa and Latin America. North America is
expected to be one of the largest markets for
high performance composites driven by higher
demand while Asia Pacific is about to show a
growth at highest CAGR. key players operated in
high performance composite market are Toray
Industries Inc. (Japan), Solvay S.A. (Belgium),
Hexcel Corporation (US), SGL Group-The Carbon
Company (Germany), TPI Composites (US),
Koninklijke TenCate NV (Netherlands), Owens
Corning Corporation (US), BASF SE (Germany),
Teijin Limited (Japan), Albany International
Corporation (US) For more information visit
https//www.maximizemarketresearch.com/market-repo
rt/global-high-performance-composites-market-2/272
3/ Scope of Global High Performance Composites
Market Global High Performance Composites
Market by Resin Type Thermoset Resins
Thermoplastic Resins Global High Performance
Composites Market by Fiber Type Carbon Fiber
Composites S-glass Composites Aramid Fiber
Composites Others Global High Performance
Composites Market by Application Aerospace
Defense Automotive Wind Turbine Pressure
Vessel Medical Construction Others Global
High Performance Composites Market by
Geography North America Europe Asia
Pacific Middle East Africa Latin
America Key Players operating in the Global High
Performance Composite Market Toray Industries
Inc. (Japan) Solvay S.A. (Belgium) Hexcel
Corporation (US) SGL Group-The Carbon Company
(Germany) TPI Composites (US) Koninklijke
TenCate NV (Netherlands) Owens Corning
Corporation (US) BASF SE (Germany) Teijin
Limited (Japan) Albany International
Corporation (US) This Report Is Submitted By
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