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Polymer Matrix Composites Market

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Polymer Matrix Composites Market report categorizes global market by end-use industry and product type - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Polymer Matrix Composites Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018–2026
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.
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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).
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.
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