Lucintel’s latest market report analyzed that advance composites provides attractive opportunities in aerospace and defense, wind energy, transportation, marine, construction, consumer goods, and pressure vessels applications. The Advance composites market is expected to reach $9.5 billion by 2026 with a CAGR of 5.4%. In this market, carbon composites is the largest segment by fiber type, whereas aerospace and defense is largest by application. R&d projects across supply chain to bring carbon fiber from high end to high volume applications via low-cost carbon fiber, advancements in the production technologies of carbon composites, and recycling of advanced composites provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/advanced-composites-market.aspx Based on fiber type, the advance composites market is segmented into carbon composites, s-glass composites and aramid composites. The carbon composites segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to its beneficial qualities of being lightweight while offering corrosion resistance and high tensile strength. The S-glass composites segment is expected to witness highest growth over the forecast period.
Browse in-depth TOC on “Advance Composites Market”
93 – Tables
79 – Figures
169 – Pages
The Advance Composites Market is marked by the presence of several big and small players. Some of the prominent players offering advance composites include Toray Industries., Cytec Solvay, Owens Corning, AGY, and DuPont.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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