Advanced Polymer Composites Market: Understand The Key Growth Drivers Developments And Innovations
Posted by Priti S on July 7th, 2022
The global advanced polymer composites market is expected to witness a remarkable expansion at a CAGR of 8% during the period 2021 to 2025 and reach an estimated value of USD 5.25bn by the end of the forecast period.
The rising demand from the wind energy sector as these polymers are used in the making of wind blades and turbines is anticipated to intensify the growth of the advanced polymer composites market.
Researchmoz throws some light on the global advanced polymer composites market such as market size, opportunities, trends, drivers, restraints, product dominance, regional dominance, and competitive edge.
Factors Driving and Restraining the Market
There are certain challenges that the advanced polymer composites market is expected to face and dampen the growth during the forecast years.
Nevertheless, the global advanced polymer composites market is still anticipated to grow, owing to the increasing demand for energy-efficient resources due to depleting fossil fuels.
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Since the advanced polymer composites offer high strength, abrasion resistance, and stability they are used in the aircraft by civil aviation and the military and defence sector, which further is expected to expand the market.
The logistics sector is also projected to pave the way for the global advanced polymer composites market during the forecast period.
Glass fibres used in the manufacturing of boats, yachts, and some components of aircraft are expected to drive the expansion of the global advanced polymer market in the following years.
North America is blessed with high demand for aerospace, automotive, and electronics, owing to modern living and demand for luxury goods and services, thus resulting in the growth of the global advanced polymer composites market.
Simultaneously, Asia Pacific is also likely to witness massive growth during the forecast period, thanks to the rising trend of increased disposable income and demand from the automotive and aerospace sectors.
The global advanced polymer composites market is competitive due to the presence of prominent and large-scale manufacturers who are eyeing on introducing innovative products in order to penetrate deeper into the market.
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Some of the prominent players involved in the global advanced polymer composites market are –
Product/Type Disposition (Revenue in USD million)
End-User Disposition (Revenue in USD million)
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About the AuthorPriti S
Joined: July 7th, 2022
Articles Posted: 50
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