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The advanced composites market in South Korea looks promising with opportunities in various end use industries such as aerospace & defense, wind energy, transportation, marine, construction, electrical/electronics, consumer goods, and pressure vessels. The major drivers of growth for this market are increasing demand of lightweight materials in the aerospace & defense and automotive industry.
Emerging trends, which have a direct impact on the dynamics of the advanced composites industry, include increased demand for carbon fiber which has high tensile strength, modulus, and compatibility with different resins.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this advanced composites market in South Korea report, download the report brochure.
Advanced Composites Market in South Korea by Segment:
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Advanced Composites Market
in South Korea: 2014-2025 (US $M) (Randomized Data)
The study includes market size, and forecast for the advanced composites market in South Korea by end use industries, fiber type, and resin type as follows:
Advanced Composites by end use industries ($ Million and Million Pounds from 2014 to 2025)
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Aerospace & Defense
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Wind Energy
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Automotive
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Marine
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Construction
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E&E
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Consumer Goods
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Pressure Vessels
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Others
Advanced Composites by Fiber Type ($ Million and Million Pounds from 2014 to 2025)
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Carbon Composites
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S-Glass Composites
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Aramid Composites
Advanced Composites by Resin Type ($ Million and Million Pounds from 2014 to 2025)
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Epoxy Composites
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Phenolic Composites
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Vinyl ester Composites
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Thermoplastic Composites
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Cyanate and BMI Composites
Lucintel forecasts that the transportation is expected to show above average growth during the forecast period. Growing demand for lightweight materials in the automotive industry is expected to spur growth for this segment over the forecast period.
Within the advanced composites market, aerospace & defense application is expected to be to remain the largest market by volume and value consumption. The major driver for this segment is the increase penetration of composites in next generation commercial aircraft, like Boeing’s B787 and Airbus 380, regional aircraft such as Bombardier’s C Series, and general aviation aircraft such as Cirrus and Diamond.
Some of the features of “Opportunities for the Advanced Composites Market in South Korea 2014-2025: Trends, Forecast, and Opportunity Analysis” include:
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Market size estimates: Advanced composites market size estimation in terms of value ($B) and volume (million pounds) shipment.
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Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by end use industries, fiber type, and resin type.
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Segmentation analysis: Advanced composites market size by end use industries (Aerospace & Defense, Wind Energy, Automotive, Marine, Construction, Electrical/electronics, Consumer Goods, Pressure Vessels, and Others), fiber type (Carbon Composites, S-Glass Composites and Aramid Composites), and resin type (Epoxy Composites, Phenolic Composites, Vinyl ester Composites, Cyanate and BMI Composites, Thermoplastic Composites) in terms of value.
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Growth opportunities: Analysis on growth opportunities in different end use industries, fiber type, and resin type of advanced composites market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 7 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the advanced composites market in South Korea by end use industries (Aerospace & Defense, Wind Energy, Automotive, Marine, Construction, Electrical/electronics, Consumer Goods, Pressure Vessels, and Others), fiber type (Carbon Composites, S-Glass Composites and Aramid Composites), and resin type (Epoxy Composites, Phenolic Composites, Vinyl ester Composites, Cyanate and BMI Composites, Thermoplastic Composites)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers, challenges and business risks in advanced composites market?
Q.4. What are the business risks and competitive threats in advanced composites market?
Q.5. What are the emerging trends in advanced composites market and reasons behind them?
Q.6. What are some of the changing demands of customers in the advanced composites market?
Q.7. What are the new developments in the advanced composites market? Which companies are leading these developments?