The global advanced polymer composites market is expected to grow from USD 11 billion in 2022 to USD 25.34 billion by 2030, at a CAGR of 11% from 2022-2030. The Asia Pacific advanced polymer composites market is expected to grow the fastest during the forecast period.
The clothes, Teflon cookware, bottles, ropes, or polythene bags are everyday-use materials. They are used extensively in various aspects of life. They are made of polymers. Monomers combine to form large molecules called polymers. Monomers have an organic origin. The monomers from nature are combined chemically to form polymers through polymerization. The use of polymers to produce several materials of everyday use can be attributed to their lightweight yet strong bonding properties. Polymers are resilient, tough, strong, stiff, anti-corrosive, and light. They do not conduct heat or electricity, making them safe for textile or cookware production. Advanced polymer composites are an enhanced version of regular polymers with added advantages of greater durability, resistance to harsh chemicals and weather elements, and superior strength. The enhanced properties enable the use of advanced polymer composites in the communication, pharmaceutical, agriculture, automotive, electronics, transportation and packaging industries. They are used in adhesives, composites, and coating materials in the construction and textile industries, among others. The lightweight yet stronger nature of advanced polymer composites makes them ideal to be used in vehicles to make them fuel-efficient. Similar applications of advanced polymer composites in producing windmills and composites enable sustainable development, thereby increasing their adoption worldwide.
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November 2022 - A new twin-screw extrusion line has been added to Insight Polymers & Compounding's advanced compounding facilities in Kingsport, Tennessee. The addition broadens possibilities further by enabling high-temperature processing and reactive extrusion procedures, including graft polymerization, nanoparticle dispersion, and exfoliation in addition to standard compounding. The ZSE 40-MAXX platform has been modified due to the additional capability created in collaboration with Leistritz. Over the past few years, Insight Polymers has concentrated on offering a wide range of polymer compounding services, such as product development, speciality compounding, masterbatches, concentrates, and fully-formulated compounds. Insight Polymer made a sizable investment in the cutting-edge new line as part of its dedication to advanced polymer processing technologies.
November 2022 – The Bioproduct Chemistry team at Aalto University has developed an environmentally friendly process to create strong, flexible cellulosic films that maintain their strength even when wet. The material is made through an inventive combination of wood-based and biodegradable polymers without any chemical modification, maximizing the benefits of each component. Sustainability is a major driving force for the co-authors of this study to comprehend the chemistry of how these materials might interact and create materials for the future that have the functionality we demand today. The created composite is stronger than pure CNF nanopaper or pure polymer in dry and wet environments. The composite demonstrated wet strength up to 87 MPa, the highest wet strength yet for cellulosic composites created without any synthetic additives or direct covalent surface changes. Additionally, this approach gave the produced composites more functionality, such as antioxidant and UV-protecting capabilities, making them interesting for packaging applications.
The growing demand for cars – The rising climate change concerns have emphasized the need to have fuel-efficient vehicles to reduce carbon emissions from the transportation sector. Climate-conscious consumers are driving the demand for fuel-efficient vehicles globally. Vehicle manufacturers utilize advanced composite polymer to reduce the vehicle's weight without compromising safety. The decrease in vehicle-weight increases engine efficiency, which reduces unnecessary energy waste and contribute to environmental conservation. Advanced polymer composite is also used in electric vehicles, whose demand is rising, given the energy crisis and climate change concerns. Therefore, the increasing demand for fuel-efficient vehicles or EVs will drive the global advanced polymer composite market.
High cost of advanced polymer composite production - The entire process of producing an advanced polymer composite is complex and arduous. The high market prices are reflected in the research and development expenditure incurred by advanced polymer composite manufacturers to enhance its properties or improve its applications. The difficulty in acquiring the necessary raw materials utilized in advanced polymer composite production also adds to the high costs of the material. The labour or other production costs are also high in advanced polymer composite production. Therefore, the high costs of advanced polymer composites will limit its market growth.
Increasing green investments – The global pledges of attaining carbon neutrality by mid-century made by nations at the COP26 Glasgow agreement in 2021 list ramping up of green funds towards developing non-conventional energy sources like wind energy. The national development goals of India, for instance, state that the country will aim to produce 500GW of electricity through non-conventional energy sources by 2030. Other economies promise similar objectives to restrict global temperature rise and avoid catastrophic damage. The use of advanced polymers in the energy and utility sectors is bound to increase due to this development. Therefore, increasing green funds will offer lucrative opportunities for the global advanced polymer composites market.
Stringent government regulations – Advanced polymer composites are harmful to the environment, given their non-biodegradable nature. The extensive use of advanced polymer composites in large industries like automotive, aerospace, energy, and defence generates large amounts of waste every year. The waste is permanent and stays in the environment impacting the soil, water and other natural resources. Discarding the waste through burning or other means can release toxic chemicals into the atmosphere, which are harmful to human and environmental health. Therefore, the production, distribution, use and disposition of advanced composite polymers are regulated with standardized guidelines and strict implementation. The stringent government regulations will challenge the growth of the market.
Regional segmentation analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the most significant global advanced polymer composites market, with a 43.19% market revenue share in 2022. The dominant aircraft manufacturing players in the region contribute to the region's dominance in the advanced polymer composites market. The rising climate change concerns have increased the demand for E-vehicles. The dominant market player Tesla in the E-vehicle market, has a significant market presence in the region, driving the advanced polymer composites demand. Furthermore, the rising fiscal funds to ramp up green technologies as a step towards reducing carbon emissions will also propel the advanced polymer composites market. The developed countries of the region have a high-per-capita income which increases the adoption of green technologies and drives the advanced polymer composites market. The increasing defence spending in the face of rising Russian and Chinese threats will also augment the advanced polymer composites market. The Russian-Ukraine war has also increased the demand for US-made weapons and defence systems, which will bode well for the regional advanced polymer composites market.
North America Advanced Polymer Composites Market Share in 2022 - 43.19%
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Product type segment analysis
The product type segment is divided into resin, fibre and others. The resin segment dominated the market with a revenue share of around 44% in 2022. The resins have a wide variety of applications in multiple industries. They are strong and stiff, ideal for preparing strong auto parts used in the automotive or aerospace sectors. Many resins have great mechanical strength and resist strong flames and electricity. They can be applied to electrical materials or used in metal bonding processes. They have high corrosion resistance making them ideal to be used in automotive, contribution and buildings subjected to harsh environmental conditions. The comparatively lower cost and ease of application or handling enable it to dominate the product type segment in the market. They offer dimensional stability. The resin polymers do not undergo chemical change during the transition process and maintain their mechanical strength, making them ideal for use in several industries.
End-user segment analysis
The end user is divided into automotive, construction, aerospace, wind energy, defence, and others. The aerospace segment is expected to grow at the fastest CAGR of 13.12% during the forecast period. The increasing air traffic, given the rising disposable income of the population, will drive the market. The growing demand for charter planes for business efficiency is spearheading the demand for auto parts in the aerospace industry, which will bode well for the advanced polymer composite market. The growing investments in the aerospace sector, both public and private, to facilitate its growth after two devasting years of the pandemic will augment the sector's demand for advanced polymer composites. The dominance of a few aircraft manufacturers in the market has prompted several governments and private market players to invest in developing their aircraft carriers, which will aid the segment's growth and ensure its dominance in the future.
|Market Size||Revenue (USD Billion), Volume (Kg)|
|Market size value in 2022||USD 11 Billion|
|Market size value in 2030||USD 25.34 Billion|
|CAGR (2022 to 2030)||11%|
|Segments||The research segment is based on product type and end user.|
|Regional Segments||TThe regions examined for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa.|
As per The Brainy Insights, the size of the advanced polymer market was valued at USD 11 billion in 2022 to USD 25.34 billion by 2030.
The global advanced polymer market is growing at a CAGR of 11% during the forecast period 2022-2030.
The North American region emerged as the largest market for the advanced polymer.
The rising demand for lightweight auto parts to increase fuel-efficiency will influence the market's growth.
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by End User
4.3.3. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2.1. Rising demand for lightweight auto parts to increase fuel-efficiency
5.3.1. Complex production process
5.4.1. The increasing demand for non-conventional energy
5.5.1. Rules and regulations governing the advanced polymer composites industry
6. Global Advanced Polymer Market Analysis and Forecast, By Product Type
6.1. Segment Overview
7. Global Advanced Polymer Market Analysis and Forecast, By End User
7.1. Segment Overview
7.5. Wind Energy
8. Global Advanced Polymer Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.5. South America
8.6. Middle East and Africa
8.6.2. South Africa
9. Global Advanced Polymer Market-Competitive Landscape
9.2. Market Share of Key Players in the Advanced Polymer Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
10. Company Profiles
10.1. Arkema SA
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. BASF SE
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Cristex Ltd.
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Hexcel Corporation
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Kemrock Industries and Exports Limited
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Mitsubishi Rayon Co. Ltd.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Owens Corning Corporation
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. SGL Carbon SE
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Solvay SA
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Toray Industries Inc.
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
2. Global Resin Advanced Polymer Market, By Region, 2019-2030 (USD Billion)
3. Global Fiber Advanced Polymer Market, By Region, 2019-2030 (USD Billion)
4. Global Others Advanced Polymer Market, By Region, 2019-2030 (USD Billion)
5. Global Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
6. Global Automotive Advanced Polymer Market, By Region, 2019-2030 (USD Billion)
7. Global Construction Advanced Polymer Market, By Region, 2019-2030 (USD Billion)
8. Global Aerospace Advanced Polymer Market, By Region, 2019-2030 (USD Billion)
9. Global Wind Energy Advanced Polymer Market, By Region, 2019-2030 (USD Billion)
10. Global Defence Advanced Polymer Market, By Region, 2019-2030 (USD Billion)
11. Global Others Advanced Polymer Market, By Region, 2019-2030 (USD Billion)
12. Global Advanced Polymer Market, By Region, 2019-2030 (USD Billion)
13. North America Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
14. North America Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
15. U.S. Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
16. U.S. Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
17. Canada Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
18. Canada Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
19. Mexico Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
20. Mexico Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
21. Europe Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
22. Europe Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
23. Germany Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
24. Germany Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
25. France Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
26. France Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
27. U.K. Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
28. U.K. Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
29. Italy Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
30. Italy Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
31. Spain Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
32. Spain Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
33. Asia Pacific Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
34. Asia Pacific Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
35. Japan Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
36. Japan Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
37. China Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
38. China Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
39. India Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
40. India Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
41. South America Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
42. South America Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
43. Brazil Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
44. Brazil Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
45. Middle East and Africa Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
46. Middle East and Africa Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
47. UAE Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
48. UAE Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
49. South Africa Advanced Polymer Market, By Product Type, 2019-2030 (USD Billion)
50. South Africa Advanced Polymer Market, By End User, 2019-2030 (USD Billion)
List of Figures
1. Global Advanced Polymer Market Segmentation
2. Advanced Polymer Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Advanced Polymer Market Attractiveness Analysis by Product Type
9. Global Advanced Polymer Market Attractiveness Analysis by End User
10. Global Advanced Polymer Market Attractiveness Analysis by Region
11. Global Advanced Polymer Market: Dynamics
12. Global Advanced Polymer Market Share by Product Type (2022 & 2030)
13. Global Advanced Polymer Market Share by End User (2022 & 2030)
14. Global Advanced Polymer Market Share by Regions (2022 & 2030)
15. Global Advanced Polymer Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global advanced polymer market based on below-mentioned segments:
Global Advanced Polymer Market by Product Type:
Global Advanced Polymer Market by End User:
Global Advanced Polymer Market by Region:
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