Market Overview:
The global advanced composite materials (ACM) market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the ACM market can be attributed to the increasing demand for lightweight and high-performance materials across different industries. In addition, the growing awareness about the benefits of using advanced composites over traditional materials is also contributing to the growth of this market. Based on type, carbon fiber is expected to account for a major share of the global ACM market in 2018. Carbon fiber composites are widely used in aerospace and defense applications as they offer superior strength-to-weight ratio as compared to other types of composites such as glass or aramid fibers. Furthermore, rising demand for fuel-efficient aircrafts is projected to boost demand for carbon fiber composites in the coming years. Based on application, aerospace is expected to account for a major share of the global ACM market in 2018. Composite materials are extensively used in aircrafts due their high strength and low weight properties which help reduce fuel consumption and emissions during flight operations. In addition, growing investments by airlines companies towards modernization programs are also propelling demand for advanced composite materials in this application segment.
 Industry Outlook.svg)
Product Definition:
Advanced Composite Materials (ACM) are materials that have been specifically designed and engineered to provide improved performance over traditional materials. ACMs can be used in a variety of applications, including aerospace, automotive, and marine industries. They offer superior strength-to-weight ratios as well as increased resistance to corrosion and wear. Additionally, ACMs often require less maintenance and have longer lifespans than traditional materials.
Carbon Fiber:
Carbon fiber is a form of carbon with an extremely high melting point. It has several properties that make it preferable for use in the production of advanced composite materials. Properties such as low weight, high stiffness, and specific strength are some major factors driving the growth factor in this market.
Carbon Fiber Market Size & Trend Analysis By Application (Aerospace & Defense, Automotive), By Region (North America(U.S., Canada), Europe(Germany, U.K.
Glass Fiber:
Glass fiber is a type of fiber that is made from silica and other materials. It has high tensile strength, good thermal stability, and can be easily drawn into fibers. The most common types of glass fibers are single-crystal or double-crystal; these have better optical properties than other types due to the purity of their internal structure. Glass fibers are used in various industries including automotive & transportation, aerospace & defense, construction industry etc.
Application Insights:
The aerospace application segment led the market and accounted for more than 30.0% share of the global revenue in 2017. The growing demand for lightweight materials with superior performance has been a major factor driving product demand in this segment. In addition, rising concerns over carbon emissions have prompted regulatory bodies to mandate reduction targets, which are expected to further drive product consumption over the forecast period.
Medical treatment is anticipated to be one of the fastest-growing segments during the forecast period owing to increasing utilization of advanced composites in medical applications such as implants and prosthetics, thereby improving patient safety and comfort while reducing costs associated with healthcare products manufacturing. These factors are expected to contribute toward high growth rate during estimated time frame.
The machinery sector is also likely witness significant growth on account of increasing utilization of these products in manufacturing equipment including wind turbines.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The growth can be attributed to the increasing demand for advanced composites from various end-use industries such as aerospace, automotive, and marine. In addition, growing defense spending by countries such as the U.S., China and India is expected to propel product demand over the forecast period.
The Asia Pacific region is anticipated to witness significant growth over a projected period owing to rapid industrialization coupled with rising investments in infrastructure development activities across emerging economies including China and India. Moreover, favorable government policies aimed at promoting domestic manufacturing are likely to drive industry expansion over the next eight years ending cash cows for Advanced Composite Materials market’s expansion plans).
Growth Factors:
- Increasing demand from the aerospace and defense sectors: The global advanced composite materials market is expected to be driven by the increasing demand from the aerospace and defense sectors. The need for lightweight and durable materials in these sectors is expected to propel the growth of this market.
- Growing demand for fuel-efficient vehicles: With stringent emission norms being implemented across various countries, there is a growing demand for fuel-efficient vehicles. This is expected to drive the growth of the advanced composite materials market as these materials are used extensively in manufacturing fuel-efficient vehicles.
- Rising popularity of electric vehicles: Electric vehicles are becoming increasingly popular due to their low emissions and environmental friendliness. This is likely to drive the growth of the advanced composite materials market as these materials are extensively used in electric vehicle manufacturing process..
Scope Of The Report
Report Attributes
Report Details
Report Title
Advanced Composite Materials(ACM) Market Research Report
By Type
Carbon Fiber, Glass Fiber, Aramid Fiber, Metal Matrix, Ceramic Matrix
By Application
Aerospace, Medical Treatment, Machinery, Architecture, Other
By Companies
Cytec Solvay Group, DuPont, Hexcel Corporation, Hyosung Corporation, Kermel, Kolon Industries, Teijin, Toray, Koninklijke Ten Cate BV, Mitsubishi Chemical Carbon Fiber and Composites, Owens Corning, SGL Group, Yantai Spandex, 3B-the Fibreglass
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Advanced Composite Materials(ACM) Market Report Segments:
The global Advanced Composite Materials(ACM) market is segmented on the basis of:
Types
Carbon Fiber, Glass Fiber, Aramid Fiber, Metal Matrix, Ceramic Matrix
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Medical Treatment, Machinery, Architecture, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cytec Solvay Group
- DuPont
- Hexcel Corporation
- Hyosung Corporation
- Kermel
- Kolon Industries
- Teijin
- Toray
- Koninklijke Ten Cate BV
- Mitsubishi Chemical Carbon Fiber and Composites
- Owens Corning
- SGL Group
- Yantai Spandex
- 3B-the Fibreglass
 Market Overview.svg)
Highlights of The Advanced Composite Materials(ACM) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Fiber
- Glass Fiber
- Aramid Fiber
- Metal Matrix
- Ceramic Matrix
- By Application:
- Aerospace
- Medical Treatment
- Machinery
- Architecture
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Advanced Composite Materials(ACM) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Advanced Composite Materials (ACM) is a field of materials science and engineering that deals with the synthesis, characterization, and use of advanced composite materials. These materials are typically composed of multiple layers that are bonded together by either chemical or physical means.
Some of the major companies in the advanced composite materials(acm) market are Cytec Solvay Group, DuPont, Hexcel Corporation, Hyosung Corporation, Kermel, Kolon Industries, Teijin, Toray, Koninklijke Ten Cate BV, Mitsubishi Chemical Carbon Fiber and Composites, Owens Corning, SGL Group, Yantai Spandex, 3B-the Fibreglass.
The advanced composite materials(acm) market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Advanced Composite Materials(ACM) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Advanced Composite Materials(ACM) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Advanced Composite Materials(ACM) Market - Supply Chain
4.5. Global Advanced Composite Materials(ACM) Market Forecast
4.5.1. Advanced Composite Materials(ACM) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Advanced Composite Materials(ACM) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Advanced Composite Materials(ACM) Market Absolute $ Opportunity
5. Global Advanced Composite Materials(ACM) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Advanced Composite Materials(ACM) Market Size and Volume Forecast by Type
5.3.1. Carbon Fiber
5.3.2. Glass Fiber
5.3.3. Aramid Fiber
5.3.4. Metal Matrix
5.3.5. Ceramic Matrix
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Advanced Composite Materials(ACM) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Advanced Composite Materials(ACM) Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Medical Treatment
6.3.3. Machinery
6.3.4. Architecture
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Advanced Composite Materials(ACM) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Advanced Composite Materials(ACM) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Advanced Composite Materials(ACM) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Advanced Composite Materials(ACM) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Advanced Composite Materials(ACM) Demand Share Forecast, 2019-2026
9. North America Advanced Composite Materials(ACM) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Advanced Composite Materials(ACM) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Advanced Composite Materials(ACM) Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Medical Treatment
9.4.3. Machinery
9.4.4. Architecture
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Advanced Composite Materials(ACM) Market Size and Volume Forecast by Type
9.7.1. Carbon Fiber
9.7.2. Glass Fiber
9.7.3. Aramid Fiber
9.7.4. Metal Matrix
9.7.5. Ceramic Matrix
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Advanced Composite Materials(ACM) Demand Share Forecast, 2019-2026
10. Latin America Advanced Composite Materials(ACM) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Advanced Composite Materials(ACM) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Advanced Composite Materials(ACM) Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Medical Treatment
10.4.3. Machinery
10.4.4. Architecture
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Advanced Composite Materials(ACM) Market Size and Volume Forecast by Type
10.7.1. Carbon Fiber
10.7.2. Glass Fiber
10.7.3. Aramid Fiber
10.7.4. Metal Matrix
10.7.5. Ceramic Matrix
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Advanced Composite Materials(ACM) Demand Share Forecast, 2019-2026
11. Europe Advanced Composite Materials(ACM) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Advanced Composite Materials(ACM) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Advanced Composite Materials(ACM) Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Medical Treatment
11.4.3. Machinery
11.4.4. Architecture
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Advanced Composite Materials(ACM) Market Size and Volume Forecast by Type
11.7.1. Carbon Fiber
11.7.2. Glss Fiber
11.7.3. Aramid Fiber
11.7.4. Metal Matrix
11.7.5. Ceramic Matrix
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Advanced Composite Materials(ACM) Demand Share, 2019-2026
12. Asia Pacific Advanced Composite Materials(ACM) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Advanced Composite Materials(ACM) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Advanced Composite Materials(ACM) Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Medical Treatment
12.4.3. Machinery
12.4.4. Architecture
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Advanced Composite Materials(ACM) Market Size and Volume Forecast by Type
12.7.1. Carbon Fiber
12.7.2. Glass Fiber
12.7.3. Aramid Fiber
12.7.4. Metal Matrix
12.7.5. Ceramic Matrix
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Advanced Composite Materials(ACM) Demand Share, 2019-2026
13. Middle East & Africa Advanced Composite Materials(ACM) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Advanced Composite Materials(ACM) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Advanced Composite Materials(ACM) Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Medical Treatment
13.4.3. Machinery
13.4.4. Architecture
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Advanced Composite Materials(ACM) Market Size and Volume Forecast by Type
13.7.1. Carbon Fiber
13.7.2. Glass Fiber
13.7.3. Aramid Fiber
13.7.4. Metal Matrix
13.7.5. Ceramic Matrix
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Advanced Composite Materials(ACM) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Advanced Composite Materials(ACM) Market: Market Share Analysis
14.2. Advanced Composite Materials(ACM) Distributors and Customers
14.3. Advanced Composite Materials(ACM) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cytec Solvay Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hexcel Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hyosung Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kermel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kolon Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Teijin
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toray
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Koninklijke Ten Cate BV
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsubishi Chemical Carbon Fiber and Composites
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Owens Corning
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SGL Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yantai Spandex
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. 3B-the Fibreglass
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
