NEW YORK, March 2, 2017 /PRNewswire/ --
ustry Study with Forecasts for 2020 & 2025
Read the full report: http://www.reportlinker.com/p04708266-summary/view-report.html
Freedonia's study on High Performance Composites, which are resins reinforced with performance-based fibers, outlines and analyzes the US industry across a variety of markets including aerospace, automotive and industrial, consumer, energy, defense and safety, and construction. The study also looks at the different types of high performance composites, including those based on carbon, S-glass, aramid, and other fibers, as well as the accompanying resins, such as epoxy, thermoplastics, phenolics, polyester, and others. The demand landscape for high performance composites is quite different than it was just a few years ago, as the adoption of these advanced materials accelerates in a number of markets while slowing in others. We forecast the market to rise 5.3 percent per year to $10.0 billion in 2020.
This study answers the following questions that can help your organization with different types of planning::
- What is in store in the forecast period for the large aerospace market?
- What kind of role will high performance composites play in industrial and energy markets, including use in wind energy applications and in pressure vessels for gas storage?
- How are high performance composites being used in the motor vehicle market and what factors affect their widespread adoption?
Description
The demand landscape for high performance compos- ites will shift yet again over the forecast period. High performance composites are becoming more wide- spread and attracting new companies, thus becoming less expensive.
Market penetration
High performance composites have continued to penetrate more and more markets, starting off years ago in niche, high-priced outlets such as aerospace and luxury sports cars. Now they are used widely in technologies that are transforming the way people live their lives, such as being included in wind turbines and gas tanks in alternative fuel-powered motor vehicles. In addition, government and industry are partnering to expedite technological advancement and affordability.
Wind energy & pressure vessels support gains
Though the large aerospace market propelled gains in the past, it will be the wind energy and pressure vessel markets that support gains into the forecast period. Without any major new aircraft, demand for high performance composites in the aerospace market will decelerate, though it will be supported by the ramp-up in deliveries of F-35 fighter jets.
The wind market will be supported by a production credit allowing producers and investors to make longer-term plans and invest with less uncertainty about market subsidies, and pressure vessels will find in- creased usage as lightweight storage containers for motor vehicles employing alternative fuel systems.
Partnerships driving costs down for motor vehicle composites
Widespread adoption of high performance composites in the motor vehicle segment -- long a primary goal of the carbon fiber industry –- has still not been accomplished. High performance composites are still more expensive and too slow to process to be utilized widely in the mass market models that are manufactured on today's assembly lines. However, government and industry are working together to bring costs down substantially, in part to meet aggressive future fuel efficiency standards.
Study coverage
High Performance Composites presents historical demand data for 2005, 2010 and 2015, plus forecasts for 2020 and 2025 by fiber type (carbon fiber, s-glass, aramid, other), market (aerospace, automotive and industrial, energy, defense and safety, consumer, construction, other) and resin (epoxy, thermoplastic, polyester, phenolic resin, other). The study also considers market environment factors, assesses the industry structure and evaluates company market share.
Read the full report: http://www.reportlinker.com/p04708266-summary/view-report.html
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