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[ 英語タイトル ] High Performance Composites Market by Resin Type (Thermoset, Thermoplastic), Fiber Type (Carbon Fiber, S-Glass, Aramid Fiber) Application (Aerospace & Defense, Automotive, Pressure Vessel, Wind Turbine, Medical), Region - Global Forecast to 2022


Product Code : MNMCH00108535
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
Single User USD5650 / Question Form
5 User USD6650 / Question Form
Enterprise User USD10000 / Question Form

[Report Description]

“The high performance composites market is projected to grow at a CAGR of 6.0% from 2017 to 2022.”
The high performance composites market was valued at USD 23.50 billion in 2016 and is projected to reach USD 33.33 billion by 2022, at a CAGR of 6.0% from 2017 to 2022. Increased demand for high performance composites for the automotive, aerospace & defense, pressure vessels, wind turbines, medical, and construction applications is expected to drive the growth of the high performance composites market across the globe. Improved properties offered by high performance composites, which include lightweight, high strength, increased corrosion resistance, high impact strength, excellent design flexibility, enhanced dimensional stability, low thermal conductivity, and high durability contribute to the increased demand for these high performance composites from various industries. Moreover, these composites are also non-conductive, non-magnetic, and radar transparent. However, concerns regarding recyclability of high performance composites are the major factor expected to restrain the growth of the high performance composites market during the forecast period from 2017 to 2022.
“The wind turbine application segment of the high performance composites market is projected at the highest CAGR during the forecast period from 2017 to 2022.”
The wind turbine application segment of the high performance composites market is projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of this segment of the market can be attributed to the increased use of high performance composites for manufacturing various structural parts of wind turbines, such as blades and nacelles. The structural parts of wind turbines that are made of high performance composites require low maintenance and provide a high strength-to-weight ratio. These composites are largely replacing traditional materials, such as metals and alloys in wind turbines due to their superior mechanical properties and high performance.
“The S-glass fiber type segment of the high performance composites market is projected to grow at the highest CAGR between 2017 and 2022.”
The S-glass fiber type segment of the high performance composites market is projected to grow at the highest CAGR between 2017 and 2022. The growth of this segment of the market can be attributed to increased use of S-glass high performance composites in military aircraft for fuselage skins, floor panels, and fire walls as these composites can withstand the impact of force, have low flammability, and offer high resistance to corrosion. As S-glass composites are lightweight and have high strength and increased fatigue resistance, they are also used for manufacturing blades of helicopters. These composites also provide high strength, increased flexibility, and enhanced dimensional stability to robotic arms on space shuttles.
“The Asia Pacific high performance composites market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022.”
The Asia Pacific high performance composites market is projected to grow at the highest CAGR between 2017 and 2022. The growth of the Asia Pacific high performance composites market can be attributed to the growth of the automotive industry in the region that has led various leading automotive manufacturers to make significant investments in the region. Increasing urbanization and continuously growing population are expected to lead towards increased demand for high performance composites from the building & construction sector of the region. This, in turn, is expected to contribute towards the growth of the Asia Pacific high performance composites market during the forecast period.
Extensive primary interviews have been conducted to determine and verify the market size for several segments and subsegments.
The break-up of primary interviews has been given below.
• By Company Type: Tier 1 – 37%, Tier 2 – 50%, and Tier 3 – 13%
• By Designation: C Level – 30%, Director Level – 47%, and Others – 23%
• By Region: North America – 28%, Europe – 33%, Asia Pacific – 22%, South America– 11%, and Middle East & Africa – 6%
The companies profiled in this market research report are Toray Industries Inc. (Japan), Hexcel Corporation (US), Solvay S.A. (Belgium), SGL Group-The Carbon Company (Germany), Koninklijke TenCate NV (Netherlands), TPI Composites (US), Owens Corning Corporation (US), Teijin Limited (Japan), and BASF SE (Germany).

Research Coverage:
This research report has categorized the high performance composites market on the basis of resin type, fiber type, application, and region. It includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the high performance composites market. A detailed analysis of the key players has been done to provide insights on their business overviews, products & services offered, and key strategies, such as investments & expansions, and mergers & acquisitions adopted by them to strengthen their position in the high performance composites market.
Reasons to buy the report:
The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report comprehensively segments the high performance composites market and provides the closest approximations of the market sizes for the overall market and its subsegments across different regions.

2. The report is expected to help the stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.

3. This report is also expected to help the stakeholders understand major competitors in the market and gain insights to enhance their competitive positions in the market. The competitive landscape section includes major industry players from different regions, contributing to the market. The landscape consists of the top 25 companies ranked and grouped, on the basis of their competency parameters, such as geographical presence, recent strategic developments, patents filed, and number of employees.

TABLE OF CONTENTS

1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 MARKET SCOPE 20
1.3.1 MARKETS COVERED 20
1.3.2 YEARS CONSIDERED FOR THE STUDY 21
1.4 CURRENCY 21
1.5 PACKAGE SIZE 21
1.6 LIMITATIONS 21
1.7 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 24
2.1.2.1 Key data from primary sources 25
2.1.2.2 Key industry insights 26
2.1.2.3 Breakdown of primary interviews 26
2.2 MARKET SIZE ESTIMATION 27
2.2.1 BOTTOM-UP APPROACH 27
2.2.2 TOP-DOWN APPROACH 28
2.3 DATA TRIANGULATION 29
2.4 RESEARCH ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE OPPORTUNITIES IN HIGH PERFORMANCE COMPOSITES MARKET 35
4.2 HIGH PERFORMANCE COMPOSITES MARKET IN ASIA-PACIFIC, BY COUNTRY AND END-USE INDUSTRY, 2016 36
4.3 HIGH PERFORMANCE COMPOSITES MARKET, BY APPLICATION 37
4.4 HIGH PERFORMANCE COMPOSITES MARKET, BY FIBER TYPE 37
4.5 HIGH PERFORMANCE COMPOSITES MARKET, BY REGION 2017-2022 38
5 MARKET OVERVIEW 39
5.1 INTRODUCTION 40

5.2 MARKET DYNAMICS 41
5.2.1 DRIVERS 41
5.2.1.1 Increase in use of S-Glass and carbon fiber reinforced plastics in Boeing and Airbus aircraft 41
5.2.1.2 Increasing length of wind turbine blades and use of high performance composites in wind turbine blades 42
5.2.2 RESTRAINTS 43
5.2.2.1 Concerns pertaining to recyclability 43
5.2.3 OPPORTUNITIES 43
5.2.3.1 Growing demand from emerging markets 43
5.2.4 CHALLENGES 43
5.2.4.1 High cost of high performance composites 43
5.2.4.2 Repairing high performance composite parts 43
5.3 PORTER’S FIVE FORCES ANALYSIS 44
5.3.1 THREAT OF NEW ENTRANTS 45
5.3.2 THREAT OF SUBSTITUTES 45
5.3.3 BARGAINING POWER OF SUPPLIERS 46
5.3.4 BARGAINING POWER OF BUYERS 46
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 47
5.4 MACROECONOMIC OVERVIEW AND KEY DRIVERS 47
5.4.1 INTRODUCTION 47
5.4.2 AUTOMOTIVE INDUSTRY TRENDS 47
5.4.2.1 Global vehicle sales (2013-2016) 48
5.4.3 WIND ENERGY INDUSTRY TRENDS 49
5.4.4 AEROSPACE INDUSTRY TRENDS 49
6 HIGH PERFORMANCE COMPOSITES MARKET, BY RESIN TYPE 50
6.1 INTRODUCTION 51
6.2 HIGH PERFORMANCE THERMOSET COMPOSITES 52
6.2.1 POLYESTER 52
6.2.2 EPOXY 52
6.2.3 PHENOLICS 52
6.2.4 CYANATE ESTERS 52
6.3 HIGH PERFORMANCE THERMOPLASTIC COMPOSITES 53
6.3.1 POLYETHER ETHER KETONE (PEEK) 53
6.3.2 POLYPHENYLENE SULFIDE (PPS) 54
7 HIGH PERFORMANCE COMPOSITES MARKET, BY FIBER TYPE 55
7.1 INTRODUCTION 56
7.2 CARBON FIBER COMPOSITES 57
7.3 S-GLASS COMPOSITES 59
7.4 ARAMID FIBER COMPOSITES 60
7.5 OTHERS 61
8 HIGH PERFORMANCE COMPOSITES MARKET, BY MANUFACTURING PROCESS 62
8.1 INTRODUCTION 63
8.2 LAY-UP PROCESS 64
8.3 COMPRESSION MOLDING PROCESS 65
8.4 RESIN TRANSFER MOLDING PROCESS 66
8.5 OTHER PROCESSES 67
9 HIGH PERFORMANCE COMPOSITES MARKET, BY APPLICATION 69
9.1 INTRODUCTION 70
9.2 AEROSPACE & DEFENSE 71
9.2.1 COMMERCIAL AIRLINERS 72
9.2.2 MILITARY AIRCRAFT 72
9.2.3 DEFENSE 72
9.3 AUTOMOTIVE 73
9.4 PRESSURE VESSELS 74
9.5 WIND TURBINES 75
9.6 MEDICAL 76
9.7 CONSTRUCTION 77
9.8 OTHERS 78
10 HIGH PERFORMANCE COMPOSITES MARKET, BY REGION 80
10.1 INTRODUCTION 81
10.2 NORTH AMERICA 83
10.2.1 U.S. 88
10.2.2 CANADA 90
10.2.3 MEXICO 92
10.3 EUROPE 94
10.3.1 GERMANY 98
10.3.2 U.K. 100
10.3.3 FRANCE 102
10.3.4 ITALY 104
10.3.5 SPAIN 106
10.3.6 REST OF EUROPE 108
10.4 ASIA-PACIFIC 110
10.4.1 CHINA 116
10.4.2 JAPAN 118
10.4.3 SOUTH KOREA 120
10.4.4 INDIA 121
10.4.5 INDONESIA 123
10.4.6 REST OF ASIA-PACIFIC 125
10.5 MIDDLE EAST & AFRICA 127
10.5.1 UAE 131
10.5.2 SAUDI ARABIA 132
10.5.3 SOUTH AFRICA 134
10.5.4 REST OF MIDDLE EAST & AFRICA 136
10.6 SOUTH AMERICA 137
10.6.1 BRAZIL 141
10.6.2 ARGENTINA 143
10.6.3 REST OF SOUTH AMERICA 144
11 COMPETITIVE LANDSCAPE 147
11.1 INTRODUCTION 147
11.1.1 VISIONARY LEADERS 147
11.1.2 INNOVATORS 147
11.1.3 DYNAMIC DIFFERENTIATORS 147
11.1.4 EMERGING COMPANIES 147
11.2 COMPETITIVE BENCHMARKING 149
11.2.1 STRENGTH OF PRODUCT PORTFOLIO 149
11.2.2 BUSINESS STRATEGY EXCELLENCE 150
11.3 MARKET RANKING OF KEY PLAYERS 151
12 COMPANY PROFILES 152
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
12.1 TORAY INDUSTRIES INC. 152
12.2 SGL GROUP – THE CARBON COMPANY 156
12.3 KONINKLIJKE TEN CATE BV 160
12.4 TPI COMPOSITES, INC. 163
12.5 SOLVAY S.A. 167
12.6 HEXCEL CORPORATION 170
12.7 OWENS CORNING CORPORATION 174
12.8 TEIJIN LTD. 178
12.9 BASF SE 182
12.10 ALBANY INTERNATIONAL CORPORATION 185
12.11 ARKEMA SA 188
12.12 OTHER MARKET PLAYERS 191
12.12.1 AGY HOLDINGS CORP. 191
12.12.2 E. I. DUPONT DE NEMOURS AND COMPANY 191
12.12.3 HUNTSMAN CORPORATION 191
12.12.4 PLASAN CARBON COMPOSITES 191
12.12.5 MOMENTIVE PERFORMANCE MATERIALS INC. 191
12.12.6 FORMOSA PLASTICS CORPORATION 192
12.12.7 MITSUBISHI RAYON CO. LTD. 192
12.12.8 THE 3M COMPANY 192
12.12.9 PPG INDUSTRIES INC. 192
12.12.10 GKN PLC 192
12.12.11 CRAWFORD COMPOSITES LLC 193
12.12.12 ARGOSY INTERNATIONAL INC. 193
12.12.13 SAERTEX GMBH 193
12.12.14 ORBITAL ATK INC. 193
*Details might not be captured in case of unlisted companies.
13 APPENDIX 194
13.1 INSIGHTS FROM INDUSTRY EXPERTS 194
13.2 DISCUSSION GUIDE 195
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 197
13.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 199
13.5 AVAILABLE CUSTOMIZATIONS 200
13.6 RELATED REPORTS 200
13.7 AUTHOR DETAILS 201

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