The global advanced composites market to grow at a CAGR of 7.13% during the period 2016-2020.
Global Advanced Composites Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also presents the vendor landscape and a corresponding detailed profiles of the five prominent vendors operating in the market.
High penetration rate for automotive applications will be a key trend for market growth. The automotive industry is a major end-user of advanced composites. The demand for fuel-efficient vehicles is driven by volatile fuel prices. Automobile manufacturers are progressively discovering solutions that can help in reducing the curb weight of automobiles to enhance fuel efficiency. The use of advanced composites in automobiles is expected to reduce curb weight by 40%-50% and increase fuel efficiency by 30%-35%.
According to the report, increase in demand for carbon fiber-reinforced composites will be a key driver for market growth. Growing preference for carbon fibers has also been observed among manufacturers of wind turbines because of properties such as enhanced stiffness and light weight. The demand for larger turbines with enhanced electricity capture capacity has led to an increase in the production of longer turbine blades. The demand for carbon fibers for such applications will be strong.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Cytec Solvay
Other prominent vendors
- Kemrock Industries and Exports
- Mitsubishi Rayon
- TPI Composites
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Market segmentation by fiber
Part 08: Market segmentation by geography
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/fp3d78/global_advanced