The advanced composites market is projected to grow from an estimated USD 22.91 Billion in 2017 to USD 38.41 Billion by 2022, at a CAGR of 10.89% between 2017 and 2022. The growth of the advanced composites market can be attributed to increased use of advanced composites in the aerospace & defense, sporting goods, and transportation industries, as these offer a high strength-to-weight ratio and increased heat resistance. Some of the leading manufacturers of composites include Owen Corning, Solvay SGL Group, Hexcel Corporation, Koninklijke Ten Cate bv, Teijin Limited, Toray Industries, Inc., Huntsman Corporation, Jushi Group, and Gurit, among others. These players have adopted various organic and inorganic strategies to strengthen their foothold in the advanced composites market.
The biocomposites market was valued at USD 16.46 Billion in 2016 and is projected to reach USD 36.76 Billion by 2022, at a CAGR of 14.44% from 2017 to 2022. Some of the leading global players in the biocomposites market include FlexForm Technologies (US), Tecnaro GmbH (Germany), Trex Company, Inc. (US), Fiberon LLC (US), Meshlin Composites ZRT (Hungary), UPM (Finland), Jelu-Werk J. Ehrler GmbH & Co. KG (Germany), Green Bay Decking (US), and Universal Forest Products, Inc. (US). These players have adopted various organic and inorganic developmental strategies during the past five years.
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. Key companies profiled in this research report on the high performance composites market include 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).
The global fiberglass fabric market was USD 8.74 Billion in 2016 and is projected to reach USD 13.48 Billion by 2022, at a CAGR of 7.62% between 2017 and 2022. Key players operational in the fiberglass fabric market are Owens Corning (US), Saertex Gmbh & Co. KG. (Germany), Porcher Industries (France), Chomarat Textile Industries (France), and Jushi Group Co., Ltd. (China), among others.
The glass mat market is estimated to grow from USD 931.5 Million in 2016 to USD 1,238.5 Million by 2022, at a CAGR of 4.83% between 2017 and 2022. Some of the key global players of the glass mat market are Owen Corning (US), Jushi Group Co., Ltd. (China), Binani Industries Ltd (India), China Beihai Fiberglass (China), and Nippon Electric Glass (Japan), among others. These players have adopted various organic and inorganic developmental strategies in the past five years to maintain their position in the glass mat market.
In terms of value, the composite coatings market was USD 840.0 Million in 2016, and is projected to reach USD 1,306.8 Million by 2022 at a CAGR of 7.7% from 2017 to 2022. Composite coatings are increasingly crucial in the aerospace & defense, transportation, industrial, and oil & gas industries due to their superior properties which provide anti-corrosion, self-lubrication, UV protection, chemical resistance, thermal protection, and so on. Some of the key leading global players in the composite coatings market are, PPG Industries, Inc. (U.S.), Axalta (U.S.), Mader Group (France), A.W. Chesterton Company (U.S.), K C Jones Plating Company (U.S.), Om Sangyo Co. Ltd. (Japan), Endura Coatings (U.S.), Twin City Plating (U.S.), Aztron Technologies, LLC (U.S.), Nickel Composite Coating Inc. (U.S.), and Surteckariya Co. Ltd. (Japan), among others.
The global ballistic composites market is projected to reach USD 1.80 Billion by 2021, at a CAGR of 7.12%, from 2016 to 2021. The increasing demand for ballistic composites in personal protection due to its light weight and high strength properties is a major reason for the growth of the global ballistic composites market.
The FRP grating market is projected to reach USD 574.2 Million by 2021, at a CAGR of 4.24% from 2016 to 2021. FRP grating are being used in various industries, owing to their properties, such as corrosion resistance, high strength, impact resistance, and light weight. These properties make them suitable for use in water management, the industrial sector, cooling towers, and the marine industry, among others.
In terms of value, the fiberglass pipes market was valued at USD 3.04 Billion in 2015, and is projected to reach USD 4.11 Billion by 2021, at a CAGR of 5.22% from 2016 to 2021. Fiberglass pipes are becoming crucial in chemicals, oil & gas, and sewage applications due to the superior properties, low maintenance, and long product life.
The epoxy composite market was valued at USD 21.60 Billion in 2015, and is projected to reach USD 33.06 Billion by 2021, at a CAGR of 7.34% between 2016 and 2021. The use of epoxy composite is becoming crucial in industries, such as wind energy, aerospace & defense, automotive & transportation, sporting goods, pipe & tank, electrical & electronics, marine, and others, due to its properties, including lightweight, low maintenance, durability, and high tensile strength and flexibility.
The report concentrates on the utilization of various FRP materials used in the manufacturing of bridges. In terms of value, the FRP bridge market was valued at USD 50.1 Million in 2015 and is projected to reach USD 72.5 Million by 2021, at a CAGR of 6.40% between 2016 and 2021. FRP bridges have increasingly gained acceptance from civil engineers across the globe due to the several useful properties offered by them, such as high corrosion resistance against de-icing salt, high strength to weight ratio, and increased shelf-life of the bridges.
The composite doors and composite windows market is estimated to reach USD 1,171.4 Million by 2021, at a CAGR of 6.33% from 2016 to 2021. The increasing use of composite doors and composite windows in industrial and commercial applications is expected to drive the growth of the composite doors market. The base year considered for the study is 2015, and the market size is projected between 2016 and 2021.
In terms of value, the wind turbine composite market was valued at USD 7.15 Billion in 2015, and is projected to reach USD 12.17 Billion by 2021, at a CAGR of 9.28% between 2016 and 2021. Wind turbine composites are utilized in the manufacturing of wind turbine parts such as blades and nacelles, among others. The use of composites helps in the development of lightweight components with superior properties, in addition to other benefits such as low maintenance and long product life.
The thermoset composites market was valued at USD 41.98 Billion in 2016, and is projected to reach USD 57.98 Billion by 2021, at a CAGR of 6.67% during the forecast period. The use of thermoset composites is becoming crucial in various end-user industries, owing to their properties such as high temperature resistance, strength, and rigidity, among others.
In terms of value, the composite bearings market was valued at USD 3.21 Billion, in 2015, and is projected to reach USD 5.04 Billion by 2021 at a CAGR of 7.88% from 2016 to 2021. Composite bearings are becoming crucial in aerospace, automotive and construction & mining applications due to the light weight & superior properties, low maintenance and long product life.
The market for top 10 high growth composite materials is estimated to grow from USD 69.50 Billion in 2015 to USD 105.26 Billion by 2021, at a CAGR of 7.04% during the forecast period. The top 10 composite materials market is expected to witness growth, due to high demand from the wind energy & other emerging application industries, such as electrical & electronics and transportation, as the use of composites leads to reduced overall weight and increased component strength.
The global concrete fiber market, in terms of value, is projected to reach USD 3.09 Billion by 2021, at a CAGR of 8.2%, from 2016 to 2021. Increasing demand of synthetic concrete fiber across various end-use industries such as transport infrastructure, building & construction, and mining & tunnel is driving the global concrete fiber market.
The composite repairs market was valued at USD 9.44 Billion in 2015 and is projected to reach USD 21.97 Billion by 2026, at a CAGR of 8.0% between 2016 and 2026. Increasing composite contents in new generation commercial aircraft such as Boeing 787 Dreamliner and Airbus A350 and significant addition to wind energy capacity in the past 10–15 years in countries such as China, the U.S., India, Germany, and Spain are expected to drive the composite repairs market in the future. Composite components are costlier to replace. Thus, repair is the most viable and cost-effective option.
The CFRTP market was valued at USD 680.0 Million in 2015, and is projected to reach USD 1,690.3 Million by 2026, at a CAGR of 8.66% between 2016 and 2026. CFRTP is widely utilized for varied applications such as aerospace, automotive, and consumer durables, owing to its superior properties, low maintenance, and long product life.
The polyurethane composites market is estimated at USD 515.0 Million in 2016, and is projected to reach USD 909.8 Million by 2026, at a CAGR of 5.9% from 2016 to 2021. The rising adoption of polyurethane composites across various end-use industries such as transportation, building & construction, electrical & electronics, and wind power energy is expected to fuel the growth of the polyurethane composites market.
The composites testing market was valued at USD 1.47 Billion in 2015, and is projected to reach USD 3.06 Billion in 2026 at a CAGR of 6.95%. The use of composites is becoming crucial in the interior and exterior structural applications of aircraft and transport vehicles due their high strength, and superior performance. These composites have to comply with the stringent composites testing standards and manufacturers’ proprietary testing standards to ensure safety and durability.
The global construction composites market is projected to reach USD 8.98 Billion by 2026, at a CAGR of 6.00%, during the forecast period, 2016 and 2026. The increase in the penetration of construction composites in the construction industry, the long life & low maintenance requirement, rapid urbanization & economic boom in the emerging countries and the development of innovative products, are key factors responsible for the growth of the construction composites market.
The market size of FRP tank is projected to reach USD 2.32 Billion by 2021 at a CAGR of 4.73%, between 2016 and 2021. The high demand for lightweight and superior properties of composites and the increasing demand of FRP tanks for heavy vehicles in North America and Europe are the key factors responsible for the growth of the FRP tank market.
The global automotive carbon thermoplastic market is projected to reach USD 549.4 Million by 2021, registering a CAGR of 29.65% between 2016 and 2021. Growth in production of automobile is increasing the demand for carbon thermoplastics market. Rising demand for fuel-efficient and light cars in developed and developing countries have triggered the growth of the carbon thermoplastics market.
The market size of composites in oil & gas industry is projected to reach USD 1.98 Billion by 2021, at a CAGR of 5.05% between 2016 and 2021. The increasing demand for non-corrosive and lightweight materials in the oil & gas industry and low maintenance cost of composites are the key drivers of the global market of composites in oil & gas industry.
The market size of polyvinyl butyral (PVB) is estimated to reach USD 3.04 Billion by 2021 at a CAGR of 6.83%, in terms of value. The base year considered for the study is 2015 while the forecast period is between 2016 and 2021. The PVB market is driven by its growing usage in films & sheets application. The report includes analysis of the PVB market by region, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America.
The rapid prototyping materials market was valued at USD 217.5 Million in 2015 and is projected to reach USD 903.8 Million by 2021, at a CAGR of 26.8% between 2016 and 2021. Major factors driving the growth of the rapid prototyping materials market include high demand for product modification and development, low cycle time of printing, expected increase in supply capacity with forward integration, and development of application-specific grades.
The market size of fire resistant glass is projected to reach USD 7.36 Billion by 2021, at a CAGR of 12.9%. The market is estimated to be 17.43 Million square meters by 2021, at a CAGR of 10.5% between 2016 and 2021. The growing manufacturing industries, increasing demand for ceramic and laminated glasses in Western Europe and Asia-Pacific, and continuous new product launch/development, agreement/collaboration, expansion, and merger & acquisition activities undertaken by companies are the key factors driving the global fire resistant glass market.
The global market size of technical ceramics is estimated to reach USD 8.49 Billion by 2021 at a CAGR of 6.43%, in terms of value. The base year considered for the study is 2015 while the forecast period is between 2016 and 2021. The technical ceramics market is driven by improved environmental resistances. The report includes analysis of the technical ceramics market by region, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America.
The market size of continuous laminated FRP panels & sheets is projected to reach USD 1,084.7 Million by 2021, at a CAGR of 6.53% between 2016 and 2021. The growing manufacturing industries and continuous new product launches, partnerships, expansions, and mergers & acquisitions undertaken by various companies are the key growing factors of the global FRP panels & sheets market.
The market size of high-temperature composite materials is projected to reach USD 5.01 Billion by 2021, at a CAGR of 8.41% during the forecast period. The introduction of safety norms in public transport as well as increasing demand for lightweight and high-performance composite materials in the aerospace & defense, transportation, and energy & power applications are key factors responsible for the growth of the high-temperature composite materials market.
The protective fabrics market size is estimated to have been USD 3.13 Billion in 2015 and is projected to reach USD 4.0 Billion by 2021, registering a CAGR of 4.2% between 2016 and 2021. In this study, 2014 has been considered as the historical year, 2015 as the base year, and 2016–2021 as the forecast period for estimating market size of protective fabrics.
Global FRP Pipe market showed huge opportunities as momentous demands from end application industries such as oil & gas, water & wastewater, chemical, and others. Oil and Gas is the major industry for FRP pipes market for use in transmission network, flow lines, well-interventions, etc. These rapidly increasing demands from various application industries are generating many exciting new markets opportunities for FRP pipes. Major types of FRP pipes include Polyester, Polyurethane, Epoxy and others. These FRP pipes are now days widely used in new application areas such as oil & gas, sewage pipe, irrigation and others. High cost of FRP pipes compared to pipes made with conventional materials is the major interruption in the market growth. Further market development will depend upon material availability at reasonable prices. The global FRP pipe market size in terms of value is projected to grow at a CAGR of 3.5% between 2015 and 2020 to reach $4 billion by 2020.
The composites structure shows superior properties & structural performance better than the constituents. Composites (carbon fibers, glass fibers, and others) have made a big impact on the entire global market, including the railway market. Using composite makes the railways lighter and renders greater resistance to heat, external impact and reduce power consumption by improving overall performance. The rail composite market is projected to witness a CAGR of more than 8.5% between 2015 and 2020, and is expected to reach global market value of more than $1 billion by 2020.
The Polyphthalamide market is estimated to register a CAGR of 7.1 % between 2014 and 2019 and reach a volume of 150.1 Kilo Tons. In terms of value the global polyphthalamide market is projected to reach $913,008.6 Million by 2019. The demand for Polyphthalamide is increasing and will continue to increase because of its long range of applications in fuel lines, LED headlights, metal replacement, catheter tubes, wire casings, gas pipes, toothbrush and hairbrush bristles, sporting goods, electrical insulation, switches, pump wear rings, automotive motor bobbin parts, fuel line connectors, fuel modules, coolant pumps, bushings and bearing pads.
Polyarylsulfone are amorphous high temperature thermoplastic, comprising of polysulfone, polyethersulfone and polyphenylsulfone. Due to their high resistance to chemical, high temperature and good hydrolysis, these are majorly used in medical, automotive, household/food technology, electrical & electronics industry. Polyarylsulfone: 75.39 KT market by 2020 signify firm annualized growth of 6.70% between 2015 and 2020.
The plastic films and sheets market is expected to grow at a decent pace during the coming decade driven by its increasing application in food and pharmaceutical packaging. Plastic films and sheets are primarily made of polyethylene and polypropylene. The increasing disposable of the consumers together with the growing demand for packaged food is driving the market for plastic films & sheets. The plastic films & sheets market is projected to register a CAGR of 5.0% between 2014 and 2019 to reach $118,623.8 million, by 2019.
The global high temperature market has been growing rapidly during the last few years. The market is expected to continue growing at a healthy rate in the next five years, mainly driven by a growth in the end-user industries such as automotive and aerospace industry. The high temperatuire plastics market is expected to reach $13,317.95 Million by 2019. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities. These include Solvay S.A. (Belgium), SABIC Innovative Plastics (The Netherlands), E. I. du Pont de Nemours and Company (U.S.), Celanese Corporation (U.S.), Victrex plc. (U.K.), and others.
Water Soluble Polymers, which covers a wide range of highly varied families of products of natural or synthetic origin, are widely used in food processing, water treatment, paper, enhanced oil & natural gas recovery, surface coating, mineral processing, detergents, textiles, personal care products, pharmaceuticals and petroleum production.
The Asia-Pacific cold insulation material market is expected to grow at a CAGR of 8.0% during the next five years to reach $1,585.5 million by 2019. Asia-Pacific, with its flourishing economy and rapidly expanding industrial sectors, is an emerging market and is expected to experience a huge growth in demand from 2014 to 2019.
Micronized PTFE is prepared by irradiation or thermal decomposition of virgin PTFE or PTFE scrap. Direct polymerization under controlled conditions may also be used to produce low molecular weight PTFE micro powders. The micronized PTFE market has grown rapidly during the past few years and is expected to continue the trend in the next five years. The growth is mainly driven by the growing demand in the Asia-Pacific region. Asia-Pacific is the biggest market for micronized PTFE followed by North America and Europe, which together accounted for more than 90.00% market share in 2013. The U.S. is the biggest market for micronized PTFE, followed by China, and is projected to grow at a CAGR of 7.08% between 2014 and 2019. The European market is comparatively mature with a consumption growth rate well below the average market growth. Thermoplastic is the fastest-growing application segment of micronized PTFE growing at a CAGR of 7.04% between 2014 and 2019. Micronized PTFE: A projected value of $868.29 million by 2019, signifying firm annualized growth of 7.06% between 2014 and 2019
Glass is made from all-natural sustainable raw materials. It is the preferred packaging for consumers’ concerned about their health and the environment.Glass packaging provides optimum long-term conservation of the original qualities of food and beverages.Glass can be recycled, is non-permeable and has zero rate of chemical interaction which makes it a suitable packaging material for various applications. The demand for glass packaging is increasing in Asia-Pacific and will continue to increase due to the rising disposable income of the consumers in the region and increasing population especially in China and India. The global glass packaging market is expected to grow at a CAGR of 3.9% from 2014 to 2019 to reach a value of $59,814 million.
The global lightweight materials market is growing at a significant rate, driven by the stringent regulations in North America and Europe. The global lightweight materials market was valued at $133.1 billion in 2013, and is poised to grow at a CAGR of 8.5% from 2014 to 2019. The market has been segmented into three categories based on the type of material, namely, composites, metals, and plastics.
The anhydride of phthalic acid is obtained from the oxidation of o-Xylene or Naphthalene. The products derived from anhydride have high importance in industries such as plastics, automotive, paint & coatings, electrical & electronics, and others. The demand of phthalic anhydride depends on the demand of its downstream products. Since, these products directly interact with the customers, any change in the consumption pattern of these products gets reflected in the consumption of PA. The regions such as Asia-Pacific, South America, and Middle East represent growing demand for PA, while in North America and Europe the growth in its demand is expected to be relatively low. The main reason is the toxic profile of phthalic anhydride which may enter the environment by leaching or inhalation. Although, toxicity of phthalic anhydride is the main reason for restrictions on its use, it should be made clear that not all the phthalic anhydride-based products are harmful or toxic at normal level.
Polyvinyl Chloride (PVC) is one of the most widely used plastics. It is produced by polymerizing vinyl chloride monomers. PVC has an amorphous structure with polar chlorine atoms and possesses fire retarding properties, durability, and oil/chemical resistance. It is added with modifiers to modify its properties according to the end user demand. Various properties of PVC like abrasion resistance, light weight, good mechanical strength, and toughness enable its wide use in construction, automotive, packaging, and the electrical industries. It is widely employed for manufacturing pipes, fittings, profiles, tubes, films, sheets, wires, cables, bottles, and so on.
Polyoxymethylene is an engineering thermoplastic that is derived from formaldehyde. The properties of polyoxymethylene include high dimensional stability, good strength, and high fatigue and impact resistance. These properties make POM a highly preferred material in light weight metal replacing applications in various end-user markets. For its capability of replacing metal in light weight applications, POM has penetrated various segments such as transportation and industrial.