The advanced composites end market in terms of value is expected to reach around USD 24.9 Billion by 2020, growing at a CAGR of 7.2% between 2015 and 2020.

Get a Copy of PDF Brochure @ http://bit.ly/1JoQFeK

The global advanced composites market has witnessed a strong growth in the past few years. This growth is estimated to continue in the coming years. High demand for advanced composites from various end-use industries from the developed economies, such as the U.S., Germany, France, Russia, China, and Japan is the key driver according to the current market dynamics. Also, such demand is backed by new industrial applications. The upcoming technological advancements, bio-raw material developments, and innovative techniques developed for the use of advanced composites will be the key influencing factors for the global market, with increased emphasis on the current cost and their applications.

For More Details Speak to Analyst @ http://bit.ly/1mRNKRR

Currently, North America is the largest consumer of advanced composites. Among all the countries in this region, the U.S. and Canada are important consumers of advanced composites. The U.S accounted for the largest share in the regional market, in terms of volume, in 2014. The market size, in terms of volume, is comparatively low in the RoW, but the market is estimated to grow between 2015 and 2020 as the demand from Brazil, South Africa, and the Middle East countries continue to grow.

Inquiry Before Buying @ http://bit.ly/1OsSq6U

Advanced composites can be classified on the basis of types, such as carbon composites, S-glass composites, and aramid composites. The advanced composites market is mainly dominated by carbon composites, and S-glass composites. Carbon composites are widely used in commercial applications such as aerospace & defense, wind, and automotive. S-glass composites are traditionally used in the aerospace & defense industry for ballistic applications. Advanced composites are now used in different applications due to their physical and mechanical properties such as light weight; high mechanical strength, thermal chemical stability, recyclability dimensional stability, heat resistance, good optical clarity. Aerospace & defense, wind and automotive are the major industries where the use of advanced composite continues to increase as technology for its commercialization developing at good rate. Weight savings, fuel economy and other performance benefits will fuel the growth of advanced composite consumption in automotive sector. While need for alternative sources of energy is increasing the demand from wind application market.

North America and Europe regions are the most active markets in terms of strategic initiatives, owing to their emerging and mature market demands, respectively. The superior end-user industry growth, amplified local manufacturing, and increased number of domestic players in vertical market segments, such as industrial applications. Aerospace & defense, wind and automotive application industries in these regions can be the important drivers in terms of consumption of the advanced composites.

Contact:
Mr. Rohan
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]