LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global advanced composites market 2016-2020 report. This research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the report, the global advanced composites market is fragmented with many players. The market is highly competitive and is dominated by a range of vendors. They compete on the basis of innovation, price, customer-centrism, and quality and performance. The threat of new entrants in the market is low, owing to high investment costs.
“The manufacturers in the global advanced composites market are developing high-performance materials that can find potential applications in core application areas such as automotive, aerospace, and construction industries,” says Swapnil Tejveer Sharma, lead glass and ceramics research analyst from Technavio.
The report also states that North America held the largest proportion of the market share during 2015 and is likely to sustain its position during the forecast period, owing to the sustained growth in end-user applications and stringent government regulations. APAC will emerge as a significant potential market, posting the highest growth rate among all regions. This is attributable to the expansion of the aerospace and automotive industries in the region.
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Technavio chemicals and materials research analysts identify the following key vendors:
Solvay acquired Cytec, a composite manufacturing company, for USD 5.5 billion in December 2015. The company plans to expand its offerings in light weighting with advanced material in sectors such as automotive and aerospace and also to strengthen its activities in mining and chemical sectors. Cytec's resin systems provide prepregs, adhesives for composite-to-composite, composite-to-metal, and metal-to-metal bonding in the automotive segment.
Hexcel offers lightweight and high-performance structural materials such as carbon fibers, specialty reinforcements, prepregs, adhesives, engineered honeycomb, and composite structures and other fiber-reinforced matrix materials. It caters to the commercial aerospace, space and defense, and industrial markets.
SGL manufactures high-performance carbon materials and products such as graphite electrodes, cathodes, graphite specialties, carbon fibers, carbon fiber materials, and carbon fiber reinforced polymer (CFRP) components. It also offers process technologies.
SGL in advanced composites market provides a wide range of products along the carbon fiber value chain. The company's product portfolio is completed by glass fiber-based non-crimp fabrics and special technological innovations such as the automated braiding process developed by their joint venture called SGL Kümpers. They serve a wide range of end-user industries like automotive, wind energy, aerospace, and sports equipment.
TenCate combines textile technology with chemical process technology in the development and production of advanced materials. Advanced textiles and composites includes spinning, weaving, knitting, coating, finishing, and laminating activities. It offers fibers, yarns, filaments, and chemical additives such as dyes and synthetic resins.
These raw materials are used to manufacture protective and safety fabrics for professional wear, outdoor fabrics, and composites for personal and vehicle protection. It includes TenCate Protective Fabrics, TenCate Outdoor Fabrics, TenCate Advanced Composites, and TenCate Advanced Armour market groups.
Teijin manufactures synthetic fibers and has a broad range of businesses that include carbon reinforced fibers, high-performance polyethylene, and high performance polymer products, advanced fibers and composites. The company serves a broad range of applications in tires, friction products, and vehicle seats. It caters primarily to the sustainable transportation, information and electronics, safety and protection, environment and energy, and healthcare segments.
The key technologies of the company are used in carbon-fiber-reinforced thermoplastics, separators for lithium-ion batteries, highly heat-resistant bioplastics, cyclic carbodiimide compound, comfortable stain-resistant fabrics, and polyester fiber cushioning materials.
Browse Related Reports:
- Global Aerospace Composite Market 2016-2020
- Global Advanced Polymer Composites Market 2015-2019
- Global Technical Ceramics Market 2016-2020
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