Polymer Matrix Composites Market Set for Rapid Growth And Trend by 2025

Polymer matrix composites (PMCs) are mainly comprised of organic polymer matrix that are bonded together by continuous or short fibers. Polymer matrix composites are widely used due to their fracture toughness, higher strength and stiffness, low costs compared to ceramic matrix composites, and simple fabrication method. Polymer matrix composites are named after their type of reinforced fiber such as carbon fiber composites, hybrid fiber composites, and glass fiber composite material or glass fiber reinforced plastics. Modulus and strength of the reinforced fibers are much higher in comparison to normal matrix material, which makes PMCs a better load bearing component due to which the global polymer matrix composites market is expected to grow at a significant rate during the forecast period.

Request Sample Copy of This [email protected] https://www.coherentmarketinsights.com/insight/request-sample/560

Polymer matrix composites due to its natural characteristics is expected to be the fastest growing market and widely used composites material across the various industries such as aerospace, automotive, sports goods, shipping industries etc. Polymer matrix composites possess some inherent characteristics such as high specific modulus, good fatigue resistance and high damage tolerance, temperature resistance and good ablation resistance, improved high electric insulation and high frequency dielectric properties, excellent chemical corrosion resistance, and high specific strength in comparison to conventional materials such as ceramic matrix composites and metals along with others. Owing to these factors global polymer matrix composites market is expected to increase at a significant growth rate over the forecast period (2017-2025).

Polymer Matrix Composites Market Taxonomy

On the basis of end-user industry, the global polymer matrix composites market is segmented into: Aerospace Industry

Sporting Equipment Industry: Golf clubs, Tennis rackets, Squash rackets

Automotive Industry: Body panels, Drive shafts, Leaf springs, Reciprocating industrial machinery

Defense Industry:Military vehicles, Weapons

Healthcare Industry: Medical implants

Construction industry:Light house, Large building structure, Cooling tower, Others, Shipbuilding industry, Cruise, Military minesweeper, Submarine, Others

Electrical and electronic industry:LaminateCopper clad laminateInsulatorOthers

Mechanical manufacturing: Diesel engine parts, Textile machinery parts,Coalmining machinery parts,Food machinery parts,Others

On the basis of product type, the global polymer matrix composites market is segmented into: Thermoset polymer matrix composites, Thermoplastic polymer matrix composites, Rubber polymer matrix composites

The aerospace industry is expected to propel the growth of polymer matrix composites market in the near future due to its increasing use in manufacturing of fins of civil aircraft, planes in satellites, antennas, rocket motor casing, airframes of helicopters, fighter aircrafts and small aircrafts. Natural properties of polymer matrix composites has led to an increasing application of the same in healthcare and sports sectors. Burgeoning growth of these end-use industries is expected to drive growth of the polymer matrix composites market over the forecast period.

Market Outlook – Rise in Aerospace Industry to Propel the Growth of Polymer Matrix Composites Market

North America accounted for the largest share in the global polymer matrix composites market in 2016, followed by Asia Pacific, poised to be the fastest growing market over the forecast period. Rapid technological growth and adaptation of polymer matrix composites in aerospace, medical, defense and automotive industries along with others are the main factors to drive the growth of the global market in the forecast period.

The aerospace industry is estimated to have the highest consumption of 50 percent of the polymer matrix composites in U.S. region. Recent growth in stealth technology and all weather operating aircrafts in defense industry are the major factors for the significant growth of polymer matrix composites in the global market. Defense and commercial transport aircraft is expected to be the second highest end-user industry for the consumption of polymer matrix composites due to constant increase in aerodynamic performance and manufacturing light weight planes. Increasing use of polymer matrix composites in these industries is mainly due to greater flexibility, high stiffness, which helps to reduce weight by 20 to 30 percent and increase range, payloads, and reduce fuel consumption. Owing to these factors the polymer matrix composites market is expected to grow at a significant rate during the forecast period (2017-2025).

View More Information @ https://www.coherentmarketinsights.com/ongoing-insight/polymer-matrix-composites-market-560

Some of the key participating players in the polymer matrix composites market are Toray Industries, Owens Corning, Teijin Limited, Hexcel Corporation, TPI Composites, Inc, Faurecia, Performance Composites Inc., Enduro Composites, Inc., Kineco, Applied Poleramic. Inc., Hexagon Composites, Creative Composites Ltd., and Hitco Carbon Composites Inc.

You may be interested

Synthetic Aperture Radar In Space Sector Market to See Incredible Growth By 2025
Information Technology and Gadgets
Information Technology and Gadgets

Synthetic Aperture Radar In Space Sector Market to See Incredible Growth By 2025

Sayali Tribhuvan - July 16, 2018

Synthetic Aperture Radar In Space Sector Market Research Study provide detailed information about the key factors influencing the growth of the industry which include drivers, restraints, opportunities,…

Hybrid Electric Jet Market to Witness a Pronounce Growth by 2026
Information Technology and Gadgets
Information Technology and Gadgets

Hybrid Electric Jet Market to Witness a Pronounce Growth by 2026

Sayali Tribhuvan - July 16, 2018

Hybrid Electric Jet Market Research Study provide detailed information about the key factors influencing the growth of the industry which include drivers, restraints, opportunities, and industry-specific challenges,…

Pigments Market Capacity, Production, Revenue, Price and Gross Margin, Industry Analysis and Forecast Till 2025
Business
Business

Pigments Market Capacity, Production, Revenue, Price and Gross Margin, Industry Analysis and Forecast Till 2025

Sayali Tribhuvan - July 13, 2018

Pigments Market report 2017-2025 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share, segmentation,…

Most from this category