The market value of advanced polymer materials is more than 12 billion

China Coatings Online News
Global Market Value of Advanced Polymer Composites, or $12.12 billion, is expected to grow to $12.12 billion by 2020, according to Transparency Market Research, and a compound annual growth rate of 7.2% between 2014 and 2020. According to China Coatings online

experts, among them: the aviation industry continues to grow demand, is the most important factor driving the continuous development of the advanced polymer composites market.
addition, the growing use of polymer composites in wind energy is an important driver. On the one hand, the continuous expansion of downstream applications provides an important opportunity for the continued growth of advanced polymer composites. On the other hand, the rapid increase in production costs is the main factor that inhibits the development of the market. According to China Coatings online

experts, composite materials by a variety of properties of a variety of materials combined to produce unique properties of the product type. Advanced polymer conformity materials consist of two key components, one is reinforced fiber material, the other is a polymer substitum.
according to China Coatings online

Experts say a variety of fiber materials, such as aramid and carbon, are used in the production process, as well as glass and polymer resins, including polyester, epoxy, polyacrylic acid and phenol. Advanced polymer composites can be used in automotive, aerospace, marine and energy applications. Depending on the raw material, the global market for advanced polymer composites is divided into two major areas: resin and fiber. The resin is divided into epoxy resin, phenolic resin, polyester resin and polyacrylic resin.
according to the product, the market is divided into fiberglass, carbon fiber and aramid fiber. Among them, fiberglass is used in the widest range of fields, including wind turbines, aviation and automotive, and in 2013, fiberglass dominated the entire market. At the same time, the increasing demand for lightweight and robust components for new energy sources, such as wind energy, is the main driver of the continued growth of the glass fiber market. In 2013, the aviation industry was the dominant market, thanks to the increasing use of advanced polymer composites for aircraft components such as engine compartments, ailegees and aircraft wing beams.
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