North American advanced composites industry is expected to gain a higher CAGR in the forthcoming period due
to rise in value and volume. Additional factors such as rising demand for renewable energy source are likely to
contribute to the market growth in the forthcoming period. European market is likely to gain a significant CAGR
in the forthcoming period due to rising use of application in automotive, wind turbine in aerospace and defense
industry.
Asia-Pacific’s advanced composites market is expected to witness a higher growth in the forecast period due to
wide presence of automotive manufacturers and wind energy production industries. Middle Eastern regions
account for a large market share due to government initiatives and NGO support for renewable sources of
energy, which further propels the growth of the market. The key players in the advanced composites industry
include Owens Corning, Solvay SGL Group, Huntsman Corporation, Jushi Group, Toray Industries Inc, Owen
Corning and Hexcel Corporation.
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Market Segment:
Advanced Composites Product Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)
• Aramid
• Carbon
• Glass
Advanced Composites Application Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)
• Aramid
• Aerospace & Defense
• Automotive
• Construction
• Marine
• Carbon
• Aerospace & Defense
• Automotive
• Construction
• Marine
• Pipes & tanks
• Sporting Goods
• Wind Energy
• Glass