Asia-Pacific Advanced Composites Trends, Share, Industry Size, Growth, Opportunities and Forecast By 2028

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An international Asia-Pacific Advanced Composites Market research report takes into consideration several industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. Furthermore, the report contains top to bottom analysis and estimation of various market related factors that are incredibly crucial for better decision making. Competitive analysis has been carried out in the world class Asia-Pacific Advanced Composites business report for major players in the market which supports businesses take better moves for enhancing their product and sales.
 
The advanced composites market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 8.2% in the forecast period of 2021 to 2028 and expected to reach USD 6,687.07 million by 2028. An escalation in demand for lightweight and exceedingly durable materials in the aerospace and automotive industries is the factor growing the demand for advanced composites market in the forecast period.
 
 
The major players covered in the report are TORAY INDUSTRIES, INC, TEIJIN LIMITED, Mitsubishi Chemical Holdings Corporation, Huntsman International LLC, Hexcel Corporation, Hexion, BASF SE, DuPont, Honeywell International Inc, Henkel AG & Co. KGaA, SGL Carbon, HYOSUNG CHEMICAL, Owens Corning, Formosa Plastics Corporation, RECAERO S.A.S., SMI Composites, LLC, 3A Composites Holding AG (A Subsidiary of Schweiter Technologies), STS Group AG, Plastic Omnium, LyondellBasell Industries Holdings B.V., Hanwha Solutions, Georg Fritzmeier GmbH & Co. KG, TERMA, among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
 
Asia-Pacific Advanced Composites Market Scope and Market Size:
 
  • On the basis of type, the advanced composites market is segmented into carbon fiber composites, S-glass composites, aramid fiber composites and others. In 2021, the carbon fiber composites segment is dominating as carbon fiber composites has great strength and high resistance with helps to increasing demand in automotive structure products.
  • On the basis of resin, the advanced composites market is segmented into advanced thermoplastic and advanced thermosetting. In 2021, the advanced thermoplastic segment is dominating as in Europe, due to increasing demand for the carbon fiber which have high strength and high resistance to cracking which increases its demand in the manufacturing of the automotive structure products.
  • On the basis of manufacturing process, the advanced composites market is segmented into automated tape laying (ATL) and automated fiber placement (AFP), hand layup/spray layup, compression molding, resin transfer molding (RTM), injection molding, filament winding and others. In 2021, the automated tape laying (ATL) and automated fiber placement (AFP) segment is dominating due to its manufacturing process has helps to increasing for the impregnated of plastics and fibers to make the composites material.
 
 
Advanced Composites Market Country Level Analysis:
 
The advanced composites market is analysed and market size information is provided by the country, type, resin, manufacturing process and end-user as referenced above.
 
The countries covered in Asia-Pacific advanced composites market report are Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia and New Zealand, Hong Kong, Taiwan and Rest of Asia-Pacific.
 
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About Data Bridge Market Research:
 
An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune.
 
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