Growth Opportunities in the Global Advanced Composites Market : Trends, Forecast, and Opportunity Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by End Use Industries Aerospace & Defense, Wind Energy, Automotive, Marine, Construction, Electrical/electronics, Consumer Goods, Pressure Vessels, and Others Market Segments by Fiber Type Carbon Composites, S-Glass Composites and Aramid Composites Market Segments by Resin Type Epoxy Composites, Phenolic Composites, Vinyl ester Composites, Cyanate and BMI Composites, Thermoplastic Composites Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Toray, Teijin, Mitsubishi Rayon, Hexcel, Dupont, Hexion, Huntsman, and Olin Epoxy Trend Growth Rate and CAGR8.0% Key Industry Forecast The global advanced composites material market is expected to reach an estimated $5.2 billion by 2022 and it is forecast to grow at a CAGR of 8.0% from 2017 to Key Industry Driver Driver: Increasing demand of lightweight materials in the aerospace & defense and automotive industry. 2

Industry Overview Market Size The global advanced composites material market is expected to reach an estimated $5.2 billion by 2022 and it is forecast to grow at a CAGR of 8.0% from 2017 to Emerging trends, which have a direct impact on the dynamics of the advanced composites industry, include increased demand for carbon fiber which has high tensile strength, modulus, and compatibility with different resins. Market Size (2022)$5.2 billion CAGR ( )8.0% 3 Industry Performance : Forecast