report published by Infinium Global Research on high performance composites
market provides an in-depth analysis of segments and sub-segments in the global as
well as regional high performance composites market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional high performance composites market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecasts and dollar
values of the global high performance composites market. According to the
report, the global high performance composites market is projected to grow at a
CAGR of about 8% over the forecast period of 2022-2028.
generated by the market was over USD 28 billion in 2022 and is expected to
reach approximately USD more than 45 billion in 2028 and is expected to grow
with a CAGR of about 8% by 2028. High-performance composites (HPCs) are
sophisticated materials made up of matrices such as metals, ceramics, polymers,
etc.) and reinforcements such as particles, fillers, fibers, etc. Strength and
modulus are principally determined by the use of oriented continuous fibers as
reinforcements in high performance composites. Carbon fiber reinforced
composites with adjustable stiffness have the potential to revolutionize the
usage of composite materials in structural applications. High performance
composites come in different materials such as resins and fibers with
applications in automotive, aerospace and defense, electronics, consumer
electronics, energy, and other industries. With the rise in new applications of high
performance composites across industries, the scope of the market is only
expected to expand with time.
performance composites are in high demand due to their distinct properties. Its
distinct properties such as lightweight, high strength, durability, tensile
strength, and non-corrosive nature have made it favorable for diverse applications
across industries. Thus, its distinct and extensive properties have resulted
into its widespread adoption. High performance composites are being widely used
in a range of industries such as automotive, aerospace and defense,
electronics, energy, and others. These high composite materials have replaced
some of the conventional metals and their alloys. As the scope of these
industries is growing their demand for high composite materials is expected
to rise over the course of time. The only factor restraining the growth of the
factor is the high cost associated with the production of high performance of
composites. Nevertheless, new opportunities will occur in the market as an investment in the R&D of new high performance composites is growing.
is expected to dominate the High Performance Composites market as there is high
demand for high performance composites from automotive and electronics as well
as energy industries Asia-Pacific. The automotive industry is strong in
countries such as China, South Korea, India, Japan, and others with global
brands such as Toyota, Suzuki, Tata Motors, Hyundai, Nissan, SAIC Motor, and
others. While electronics industry is also strong in Asia-Pacific with brands
such as Xiaomi, Samsung, LG Electronics, and Panasonic operating in the region. The
use of high performance composites is growing in these industries as the
scope of these industries is increasing rapidly. Also, Asia-Pacific has been
the bastion of high performance composites manufacturers such as Teijin
Limited, Toray Industries, Inc., and others. North America is expected to be the
second largest region as the demand from end user industries such as Aerospace
and Defense and Automotive for high performance industries is growing.
Companies such as SpaceX, Lockheed Martin, Boeing, Ford Motors, and General Motors
are increasingly using high performance composites in their products.
on the global high performance composites market covers segments such as material,
and end users. On the basis of material, the sub-markets include resins, and
fibers. On the basis of end users, the sub-markets include automotive,
aerospace and defense, consumer goods, electronics, energy, and others.
provides profiles of the companies in the market such as Toray Industries,
Inc., BASF SE, SGL Group-The Carbon Company, Solvay S.A., Teijin Limited, Owens
Corning Corporation, Koninklijke TenCate NV, Huntsman International LLC,
Arkema, AGY, and SABIC.
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of high performance composites market.
Moreover, the study highlights current market trends and provides forecast from
2022-2028. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.