According to the latest report by IMARC Group, titled “Advanced Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global advanced composites market is experiencing strong growth. Advanced composites, also known as polymer matrix composites, are high-performance materials that are known for their extraordinary strength, stiffness, mechanical resistance and modulus of elasticity. As compared to composite materials, they are lighter in weight and exhibit extraordinary physical and chemical properties such as high thermal conductivity and excellent dimensional stability. Owing to these attributes, they are widely being utilized in industries such as sports, military, aerospace, automobile and construction. Further, as these composites are used in the manufacturing of blades for wind turbines, a rise in the number of wind power stations across the globe is also boosting the sales of advanced composites.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/advanced-composites-market/requestsample
Market Trends:
Reducing the weight of an aircraft plays a vital role in improving its performance and fuel efficiency in the aerospace sector. Since advanced composites are lightweight, durable, resistant to chemical corrosion, and have a lower density, they are substituting conventionally used metals to produce aeronautical and aircraft components including wings, rudders, elaborators, floor beams, landing gear and engine nacelles. Apart from this, these composites are also rapidly replacing alloys and metals in the automotive sector in the production of high-performance vehicles. In the sports industry, advanced polymer composites such as HexPly and HexMC are extensively being used in the manufacturing of equipment such as golf shafts, snowboards, tennis racquets and surfboard fins. Looking forward, the market is projected to grow at a CAGR of around 9% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/advanced-composites-market
Market Summary:
Browse similar reports by IMARC Group
Wood-Plastic Composites Market Report and Forecast: https://www.imarcgroup.com/wood-plastic-composites-market
Lithium Compound Market Report and Forecast: https://www.imarcgroup.com/lithium-compound-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media ContactCompany Name: IMARC GroupContact Person: Richard LewisEmail: Send EmailPhone: 6317911145Address:309 2nd St City: BrooklynState: New YorkCountry: United StatesWebsite: www.imarcgroup.com