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High Performance Composites Market [By Resin Type - High Performance Thermoplastic Composites - (Polyether Ether Keton, Polyphenylene Sulfide), High Performance Thermoset Composites u2013 (Polyester, Epoxy, Phenolics, Cyanate Esters); By Fiber Type (Aramid Fiber Composites, Carbon Fiber Composites, S-Glass Composites and Others); By Application Type (Automotive, Defence & Aerospace, Construction, Medical and Others); By Regions]: Market Size & Forecast, 2018 u2013 2026
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High Performance Composites MarketSet to Exceed $42.18 billion by 2026 | CAGR of 7.3% “High Performance Composites Market [By Resin Type - High Performance Thermoplastic Composites - (Polyether Ether Keton, Polyphenylene Sulfide), High Performance Thermoset Composites – (Polyester, Epoxy, Phenolics, Cyanate Esters); By Fiber Type (Aramid Fiber Composites, Carbon Fiber Composites, S-Glass Composites and Others); By Application Type (Automotive, Defence & Aerospace, Construction, Medical and Others); By Regions]: Market Size & Forecast, 2018 – 2026”
High Performance Composites Market Estimate & Forecast to 2026 The global high-performance composites market size is anticipated to reach $42.18 billion by 2026, growing at a CAGR of 7.3% during the forecast period, according to a report published by Polaris Market Research. The report ‘High-Performance Composites Market Size By Resin Type (High Performance Thermoplastic Composites (Polyether Ether Keton and Polyphenylene Sulfide)), By Fiber Type (Aramid Fiber Composites, Carbon Fiber Composites, S-Glass Composites and Others), By Application Type (Automotive, Defense & Aerospace, Construction, Medical and Others), By Regions & Segments Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. The high-performance composites market is primarily driven by the tremendously growing demand from a wide range of end-use applications. Considerable growth of the commercial aircraft manufacturing segment has crucially boosted the demand of high-performance composites. One another potential driver for the market includes utilization of these composites in the manufacturing of wind turbines and pressure vessels. The market is also subjected to some restraints including comparatively high production cost and labour-intensive operations. These restraints are anticipated to substantially affect the market in terms of volume especially during price sensitivity.
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High Performance Composites Market Estimate & Forecast to 2026 Aerospace industry has also been witnessed to be one of the most developed application segments for the market. This is due to the innovative mechanical properties, versatility, and most significantly the cost-effectiveness associated with these composite materials. Among the fibre-type, S-glass category includes the least cost and is also expected to witness a considerable growth in demand on account of crucial opportunities in aerospace, pressure vessels, wind energy, and manufacturing industry. Commercial aerospace applications are the largest consumption sources for these products. These composites include a very high potential to meet the safety and power needs. Initially, boron-based graphite materials were used in the manufacturing of defence aircrafts wherein these are currently consumed in the manufacturing of commercial aircrafts only. High-performance composites are extensively used in automobile sector as these help in making the vehicles cleaner, lighter, safer and significantly cost-effective. The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global High-Performance Composites Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Browse Complete Report
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