Global Advanced Composites Market Size, Share, Outlook & Forecast 2018-2023Posted by Priya on February 23rd, 2018 Advanced Composites Market- Top 10 Global key Players & Their Strategy Some of the prominent players functioning in the Global Advanced Composites Market: The 3M company (U.S.A.),Axalta Coating Systems, LLC (U.S.A.), PPG industries (U.S.A.), TEIJIN LIMITED (Japan), Koninklijke Ten Cate bv (the Netherlands), Hexcel Corporation( U.S.A.), Toyota Motor Corporation( Japan), Cytec Solvay Group( U.S.A.), Hexcel Corporation( U.S.A.),among others. Get your sample copy of Advanced Composites Market at
Global Advanced Composites Market research report spread across 135 Pages consist 45 Tables and 11 Figures also include Top 10 Global key players that sharing latest types, technology, application by 2023. Advanced Composites Market– Market Overview / Study Objective / Synopsis Advanced composites are a combination of polymer materials inserted in a resin matrix. They are also called polymer matrix composites. They are known for their extraordinary strength, mechanical resistance, stiffness and modulus of elasticity. Excellent dimensional ability, thermal conductivity, lightweight and electrical properties are the important trends and factors promoting the market confidently. It is projected that the Advanced Composites Market is set to grow at a higher CAGR owing to its growing demand observed in end use industries such as oil & gas, buildings and construction, automotive, aerospace, electronics, marine, and others. Advanced Composites Market – Competitive Analysis As per our Market Analysis, the Advanced Composites Market is segregated into type and application. The market by type is further categorized into thermoset and thermoplastic resins. Of these, thermoset resins are further sub-divided into epoxy, polyurethanes, phenolic and amino resins. Thermoset resins are formed by curing reaction that occurs at 200 degrees celsius. Once thermoset resins are formed, they can’t be remolded or reshaped. For Technical and Professional Details Book Complete Advanced Composites Market Report at https://www.marketresearchfuture.com/reports/advanced-composites-market-4678 Advanced Composites Market – Segmentation Analysis The Global Advanced Composites Market is segmented into resin type and application. On the basis of resin type, the market is classified into thermoset and thermoplastic. Among these, thermoset segment is estimated to hold the major share in the market owing to its excellent stiffness, light weight and durability features. Thermoset segment is further sub-divided into epoxy resins, polyurethanes, phenolic and amino resins. It is predicted that epoxy resin segment is set to grow at a higher CAGR due to its growing consumption in end use industries. Applications segment further differentiated into aerospace, transport, electronics, sports, energy, construction and others. Among these, aerospace is projected to be the major segment in this market.
Advanced Composites Market – Regional Analysis The Advanced Composites Market is segregated into five key regions namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Among these, Asia Pacific is projected to hold the major share in the market due to growing production of thermoset resins in major end industries such as buildings and construction, automobile, sports, and others. Countries such as China, Japan and India have become apparent as the leading players in this region. The growing demand from the major industries has propelled Advanced Composites Market to witness a higher CAGR during the forecast period, 2017-2023.
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