#aerospace composites market forecast

[mi-researchreports]

The Aerospace Composites Market is expected to reach USD 22.74 billion in 2023 and grow at a CAGR of 9.51% to reach USD 35.81 billion by 2028. Toray Industries Inc., SGL Carbon SE, Hexcel Corporation, Solvay SA, DuPont are the major companies.

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Emergency Management Service Market Analysis 2025-2033: Demand, Innovation, and Competitive Landscape

Emergency Management Service Market

The Global Emergency Management Service Market size is projected to grow at a CAGR of XX% during the forecast period.

Research Methodology

Our research methodology constitutes a mix of secondary & primary research which ideally starts from exhaustive data mining, conducting primary interviews (suppliers/distributors/end-users), and formulating insights, estimates, growth rates accordingly. Final primary validation is a mandate to confirm our research findings with Key Opinion Leaders (KoLs), Industry Experts, Mining and Metal Filtration includes major supplies & Independent Consultants among others.

The Global Emergency Management Service Market Report provides a 360-degree view of the latest trends, insights, and predictions for the global market, along with detailed analysis of various regional market conditions, market trends, and forecasts for the various segments and sub-segments.

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LIST OF KEY COMPANIES PROFILED:

M.Torres Diseños Industriales S.A.U

Electroimpact Inc.

Coriolis Composites technologies SAS

Ingersoll Machine Tools Inc.

Fives

Accudyne System Inc.

Automated Dynamics

Mikrosam AD

SEGMENTATION

By Type

Consulting Services

Emergency Operation Services

Training and Simulation Services

Public Information Services

By Application

Government

Private Sector

Others

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Emergency Management Service Market REGIONAL INSIGHTS

North America

United States: The U.S. economy has shown resilience post-pandemic but faces inflationary pressures, particularly in housing and consumer goods. The Federal Reserve's interest rate policies remain a focus, as the balance between controlling inflation and avoiding recession has impacted spending, borrowing, and business growth. Key sectors like tech, finance, and renewable energy are experiencing dynamic changes, with AI, fintech, and green technology receiving heavy investments.

Canada: Economic stability remains a hallmark of Canada’s economy, although housing affordability and household debt are pressing issues. Canada continues to emphasize a green energy transition, investing in hydroelectric, wind, and solar power. The nation is also focused on attracting skilled labor, especially in technology, healthcare, and energy, as part of its economic strategy.

Mexico: Mexico has benefited from a nearshoring trend, as companies look to relocate manufacturing closer to the U.S. market. With a strong trade relationship via USMCA (the U.S.-Mexico-Canada Agreement), Mexico is seeing investments in its automotive, aerospace, and electronics industries. However, inflation, interest rates, and a need for infrastructure development remain areas of focus.

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The Global Polyacrylonitrile Fiber Market is projected to grow from USD 9,150.00 million in 2023 to an estimated USD 13,147.80 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.11% from 2024 to 2032.Polyacrylonitrile (PAN) fibers, known for their superior strength, thermal stability, and chemical resistance, have become an integral component in various industries, including textiles, automotive, and aerospace. As global industries demand lightweight, durable, and cost-effective materials, the polyacrylonitrile fiber market is poised for significant growth. This article explores the current trends, market drivers, challenges, and future opportunities in the polyacrylonitrile fiber sector.

Browse the full report at https://www.credenceresearch.com/report/polyacrylonitrile-fiber-market

Market Overview

Polyacrylonitrile fibers are synthetic fibers derived from acrylonitrile, often used in the production of carbon fiber, which is renowned for its high tensile strength and lightweight properties. These fibers serve as precursors for carbon fiber manufacturing, making them essential in high-performance applications. With a growing focus on renewable energy, green technologies, and sustainability, the demand for PAN fibers is increasing in industries such as wind energy, automotive, and construction.

Key Drivers of Market Growth

Rising Demand for Carbon Fiber Carbon fiber, derived from PAN, has become a material of choice in industries that prioritize lightweight and high-strength materials. Its extensive use in aerospace for building fuel-efficient aircraft and in the automotive industry for lightweight vehicles to improve fuel efficiency has propelled the demand for PAN fibers.

Growth in the Textile Industry Polyacrylonitrile fibers are also used in textiles for manufacturing synthetic wool, thermal insulation fabrics, and outdoor wear. The increasing popularity of functional and performance-driven clothing is driving market expansion in this segment.

Sustainability Initiatives The global emphasis on reducing greenhouse gas emissions has led to increased adoption of carbon-neutral technologies, where PAN-based carbon fibers are instrumental. Renewable energy sectors, particularly wind power, rely on carbon fiber for manufacturing durable and lightweight turbine blades.

Technological Advancements Continuous advancements in polymer processing and fiber production have improved the cost-efficiency and performance of PAN fibers. Emerging methods of recycling and reusing PAN fibers are also gaining traction, aligning with global sustainability goals.

Challenges in the Market

Despite its promising growth prospects, the polyacrylonitrile fiber market faces several challenges:

High Production Costs The manufacturing process of PAN fibers, particularly for carbon fiber production, is energy-intensive and costly. This limits its affordability for some applications, particularly in developing markets.

Environmental Concerns The production of PAN fibers involves the use of toxic chemicals, raising concerns about its environmental impact. Strict environmental regulations may hinder production capabilities in certain regions.

Competition from Alternative Materials Advances in materials science have led to the development of alternative fibers and composites. These alternatives often offer similar or superior properties at lower costs, challenging PAN's market share.

Future Opportunities

The future of the polyacrylonitrile fiber market lies in innovation and sustainability. Companies investing in research to develop low-cost and eco-friendly PAN fibers are likely to gain a competitive edge. Additionally, the growing demand for electric vehicles, which rely on lightweight materials, presents a lucrative opportunity for market players. Emerging markets in Africa and the Middle East also offer untapped potential for PAN fiber applications in construction and energy sectors.

Key players

Shandong Haili

Jilin Chemical Fiber

Sateri

Fibrant

Jiangsu Sailboat Petrochemical

Xinjiang Tianye

Mitsubishi Chemical

Yantai Taihe

Tongkun Group

Samyang Corporation

Segments

Based on Type

Standard PAN

High Modulus PAN

Medium Modulus PAN

Carbon Fiber Precursor PAN

Based on Application

Apparel & Clothing

Automotive & Transportation

Construction

Industrial

Medical

Based on End User

Textiles

Automotive Parts

Construction Material

Industrial Composites

Medical Devices

Based on Yarn Type

Filament Yarn

Staple Fibre

Based on Region

North America

U.S.

Canada

Mexico

Europe

UK

France

Germany

Italy

Spain

Russia

Belgium

Netherlands

Austria

Sweden

Poland

Denmark

Switzerland

Rest of Europe

Asia Pacific

China

Japan

South Korea

India

Australia

Thailand

Indonesia

Vietnam

Malaysia

Philippines

Taiwan

Rest of Asia Pacific

Latin America

Brazil

Argentina

Peru

Chile

Colombia

Rest of Latin America

Middle East

UAE

KSA

Israel

Turkey

Iran

Rest of Middle East

Africa

Egypt

Nigeria

Algeria

Morocco

Rest of Africa

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[marketsndata]

Japan Carbon Black Market Report 2031

Japan Carbon Black Market size was valued at USD 2.01 billion in FY2023 which is expected to reach USD 2.95 billion in FY2031 with a CAGR of 4.93% for the forecast period between FY2024 and FY2031. Several important market drivers have an impact on the Japanese carbon black market. First off, the demand for carbon black in tire manufacturing is largely driven by the country’s robust automotive industry. Tire durability and performance are improved by carbon black’s reinforcing properties. Additionally, the market benefits from the rubber industry as carbon black is an essential additive in many rubber products. With uses in plastics, coatings, and inks, the demand for carbon black in the manufacturing and industrial sectors is also a noteworthy driver. These industries rely on carbon black to give their products the desired characteristics, such as color, UV resistance, and conductivity.

Japan’s strict tire labeling laws and environmental regulations also have an impact on the market. The creation of distinct carbon black grades that meet the necessary requirements is crucial to comply with these regulations. The use of carbon black is also fuelled by the ongoing transition to lightweight materials in sectors like aerospace, automotive, and sporting goods. To reduce weight without sacrificing strength, these industries rely on carbon black to improve mechanical properties of these materials.

Stringent Tire Regulations  

The Japan Carbon Black market is largely driven by the automotive industry. Tire manufacturing makes extensive use of carbon black, which serves as reinforcement and improves tire performance and durability. The strong automotive industry in Japan and the presence of numerous automakers there contribute to the continued high demand for carbon black.

In Japan, tire manufacturers are required to disclose information on the fuel efficiency, wet grip, and exterior rolling noise of their tires. Tire manufacturers seek carbon black grades that adhere to the established labelling specifications because carbon black is essential to improving tire performance. The demand for carbon black grades that enhance tire performance is driven by tire labelling regulations.

Rising Construction Projects

The demand for carbon black is driven by ongoing infrastructure and construction projects in Japan. To improve the durability and properties of building materials like asphalt, concrete, and roofing materials, carbon black is used. The nation’s demand for carbon black is fuelled by the expansion of the construction sector.

For example, a mixed-use tower with a floor area of 94,709m2, a height of 110m, and 30 stories above and below ground is being constructed in Tokyo according to World Construction Network. The Japanese government has committed to several public works initiatives and strengthening the domestic economy. The impetus for this commitment came from its preparations for significant events like the 2025 World Expo in Osaka. The demand for Carbon is expected to rise over the course of the forecast period as the number of Japan’s construction projects increases.

Strong Renewable Energy Sector

The need for carbon black in energy storage devices like lithium-ion batteries is anticipated to increase as the world moves toward sustainable and renewable energy sources. The development of battery technology in Japan and its dedication to renewable energy sources may increase the demand for carbon black in this industry.

Further, carbon black is utilized in the production of composite materials used to create the blades of wind turbines. Carbon black increases the mechanical strength, stiffness, and durability of the blades, allowing them to withstand harsh weather conditions and efficiently generate electricity. As the market for renewable energy grows, there will be greater demand for wind and solar energy, which will increase Japan’s need for carbon black for new installations.

A 51 megawatt (MW) solar power plant owned by TotalEnergies has begun operating commercially in Tsu, Japan’s Mie Prefecture. Through a power purchase agreement with Chubu Electric Power Miraiz Co. Inc., a regional utility company subsidiary, the plant which is connected to the electricity distribution grid will provide its electricity over a 17-year period.

Recovering Electrical Manufacturing

As a conductive additive, carbon black is frequently used in electronic parts and gadgets. It contributes to improving the electrical conductivity of substances like polymers, coatings, and inks. Conductive pastes, inks, and coatings are used in printed circuit boards (PCBs), membrane switches, touch screens, and flexible electronics, and they all contain carbon black. Additionally, to stop unwanted electromagnetic radiation from entering electronic devices, EMI shielding is essential. Conductive coatings, films, and composites that contain carbon black have good EMI shielding properties. To reduce EMI and ensure electromagnetic compatibility, these materials can be used in electronic enclosures, cables, connectors, and other components.

For example, the Japanese government has invested 70 billion yen to encourage domestic semiconductor production. In addition, a Japanese company is working with a Belgian research group to develop the production of the next generation of chips to revive Japan’s chip industry says The Economic Times. The demand for Carbon Black in Japan will increase as a result of these recent advancements in the country’s electronics manufacturing sector.

Strict Regulations

The carbon black industry is impacted by governments and regulatory bodies’ increased focus on environmental protection and emission reduction goals. For instance, higher production cost is likely if new regulations mandate that producers of carbon black make investments in pollution control technologies or adopt cleaner production techniques. Prices can be raised to cover these additional expenses incurred to meet environmental standards.

Japan has strict regulatory standards and safety requirements, particularly in industries like the automotive, electronics. Producers of Carbon Black must abide by these laws to ensure that their products meet high standards for both environmental and safety protection. Adherence to quality standards and legal compliance increases consumer trust and confidence, which raises demand for Carbon Black from industries with strict safety and quality standards in Japan.

Impact of COVID-19

The pandemic caused disruptions in several sectors, including manufacturing, automotive, and construction—three sectors that use a significant amount of carbon black. Demand for carbon black products fluctuated because of supply chain disruptions, lockdown procedures, and decreased economic activity. Particularly in the automotive sector, a drop in vehicle production and sales resulted in lower demand for carbon black, which is used in the production of tires. Lockdowns, travel restrictions, and decreased production capacities caused by COVID-19 had an impact on the world’s carbon black supply chain. Japan’s high reliability in China for Carbon Black imports worsened the supply as the pandemic’s effect was severe on the Chinese exporting capacities.

Impact of Russia-Ukraine War

The direct impact of Russian-Ukraine war on the Japanese Carbon Black market is minimal as Japan majorly relies on Asian countries. However, Geopolitical tensions can impact the availability of upstream crude oil as Russia is one of the major exporters of crude oil. Since, Japan stopped importing crude oil from Russia. The procurement of upstream crude oil became more difficult for the manufacturers of carbon black in the Japanese market. Major consumers of carbon black, like the automotive, construction, and manufacturing industries, may be affected if the war causes an economic downturn or lowers consumer confidence. Finally, Japanese Carbon Black are reviewing their export strategies and looking into alternative markets or trade routes to reduce any potential disruptions brought on by changes in trade dynamics.

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Japan Carbon Black Market: Report Scope

Japan Carbon Black Market Assessment, Opportunities and Forecast, FY2017-FY2031”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the Carbon Black market in Japan, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities and forecast between FY2024 and FY2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

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Additive Manufacturing Market Analysis, Growth Factors and Competitive Strategies by Forecast 2034

Additive manufacturing (AM), commonly known as 3D printing, is a transformative approach to industrial production that enables the creation of lightweight, complex designs directly from digital models. It is increasingly used across industries like aerospace, automotive, healthcare, and consumer goods due to its ability to reduce waste, lower production costs, and shorten manufacturing times.

According to projections, the additive manufacturing market would grow linearly and reach a valuation of USD 17.23 billion by 2023. With a compound annual growth rate (CAGR) of 21.65% from 2024 to 2033, it is anticipated to have increased to USD 84.87 billion by that time. 

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Key Drivers

Technological Advancements: Innovations in 3D printing materials and techniques, such as metal and bio-based printing, are fueling growth.

Adoption Across Industries: Applications in aerospace, healthcare, automotive, and consumer goods are expanding rapidly.

Sustainability Goals: Additive manufacturing reduces waste and optimizes material usage, aligning with global sustainability efforts.

Challenges

High initial investment costs for equipment and training.

Limitations in material properties and product size for certain applications.

Regulatory hurdles in industries like healthcare and aerospace.

Applications Across Industries

Aerospace and Defense Additive manufacturing is extensively used to produce lightweight and complex parts, reducing fuel consumption and improving performance.

Healthcare Customized medical devices, implants, and prosthetics are transforming patient care. Bio-printing for tissues and organs is an emerging field.

Automotive Automotive manufacturers leverage 3D printing for prototyping, tooling, and even end-use parts, reducing lead times and costs.

Consumer Goods The ability to personalize products such as footwear, jewelry, and electronics is driving adoption in the consumer market.

Construction Large-scale 3D printing is being utilized to construct buildings and infrastructure more efficiently and sustainably.

Key companies profiled in this research study are,

Stratasys, Ltd.;

 Materialise NV; 

EnvisionTec, Inc.;

 3D Systems, Inc.; 

GE Additive; 

Autodesk Inc.; 

Made In Space; 

Canon Inc.; 

Voxeljet AG. 

Additive Manufacturing Market Segmentation,

By Technology:

Stereolithography (SLA)

Fused Deposition Modeling (FDM)

Selective Laser Sintering (SLS)

Direct Metal Laser Sintering (DMLS)

Others (Binder Jetting, Electron Beam Melting, etc.)

By Material:

Polymers

Metals

Ceramics

Others (Composites, Biomaterials, etc.)

By Application:

Prototyping

Production

Tooling

By Industry:

Aerospace

Automotive

Healthcare (particularly for dental and orthopedic implants)

Consumer Goods

Defense

Additive Manufacturing Market Regional Analysis:

North America: Dominates the market due to high adoption of AM technologies in industries like aerospace and healthcare.

Europe: Strong growth due to government initiatives and industrial adoption.

Asia-Pacific: Emerging as a significant market with increased investment in industrial 3D printing in countries like China, Japan, and South Korea.

Conclusion:

The additive manufacturing market is poised for transformative growth, offering unparalleled opportunities across industries. As technology evolves and adoption increases, this sector is expected to redefine traditional manufacturing processes, paving the way for a more sustainable and efficient industrial future.

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Carbon Nanotubes Market

Carbon Nanotubes Market Size, Share, Trends: Nanocyl SA Leads

Growing Acceptance in Uses Related to Energy Storage

Market Overview:

The global Carbon Nanotubes Market is anticipated to grow at a CAGR of 14.8% between 2024 and 2031. The market size in 2022 is estimated to be USD 876.4 million; by 2031, it is expected to have increased to USD 3,252.7 million. It is anticipated that Asia-Pacific will dominate the market throughout the forecast period. The market for carbon nanotubes is expanding quickly due to rising demand in a number of industries, including electronics, aerospace, automotive, and healthcare. Carbon nanotubes' exceptional strength, exceptional electrical and thermal conductivity, and lightweight nature are what motivate their advanced applications. Expanding research and development endeavours contribute to expanding the potential uses of carbon nanotubes, hence bolstering market expansion.

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Market Trends:

The remarkable qualities of carbon nanotubes are driving their increasing popularity in energy storage technologies. To improve their performance, carbon nanotubes are being included into supercapacitors, lithium-ion batteries, and other energy storage technologies. In these devices, carbon nanotubes' large surface area, great electrical conductivity, and mechanical strength help to increase energy density, accelerate charge-discharge rates, and extend cycle life. Growing demand for portable devices, renewable energy systems, and electric cars—all of which depend on effective energy storage—drives this trend. The importance of carbon nanotubes in energy storage uses is predicted to rise greatly as the globe moves toward greener energy sources and electrification fuels industry expansion.

Market Segmentation:

Currently holding the most market share in the carbon nanotubes sector are Multi-Walled Carbon Nanotubes (MWCNTs), thanks to their adaptability and somewhat lower manufacturing costs than Single-Walled Carbon Nanotubes (SWCNTs). Multiple layers of graphene cylinders nested inside one another make MWCNTs strong, conductive, and thermally compatible for a variety of uses. Their numerous walls and bigger diameter allow them to be produced in quantity more easily, which helps to explain their cost-effectiveness and general acceptance in many sectors. Polymer composites, conductive coatings, energy storage systems, and structural materials all find use for MWCNTs.

Market Key Players:

The carbon nanotubes market is highly competitive, with major players focusing on research and development to improve product quality, lower manufacturing costs, and increase application areas. Key companies such as Nanocyl SA, Arkema SA, Showa Denko K.K., Toray Industries Inc., Hanwha Chemical Corporation, Carbon Solutions Inc., Arry International Group Limited, Cheap Tubes Inc., OCSiAl, and Hyperion Catalysis International dominate the market.

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Email us: hari.krishna@aurorawaveintellects.com

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[automotive-and-aerospace]

Unmanned Composites Market Report

Unmanned Composites Market Report Outlook, Statistical Data & Forecast��Analysis by 2031

According to Straits Research, the global Unmanned Composites Market is set for substantial growth, projected to reach USD 5.49 Billion by 2031 at a robust CAGR of 15.51%. This growth is driven by advancements in technology and regional expansions that are reshaping the industry landscape. The report captures this momentum and explores the impact of these developments on global and regional markets specifically.

Market Definition

The Unmanned Composites Market refers to the global market for composite materials used in the manufacture of unmanned systems, including unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), unmanned surface vehicles (USVs), autonomous underwater vehicles (AUVs), remotely operated vehicles (ROVs), autonomous ships, and passenger drones. These composite materials offer exceptional strength-to-weight ratios, corrosion resistance, and durability, making them ideal for use in unmanned systems.

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Latest Trends

The Unmanned Composites Market is driven by the increasing demand for lightweight, high-performance materials in unmanned systems. Some of the latest trends in the market include:

Increasing use of carbon fiber reinforced polymers (CFRP): CFRP is widely used in unmanned systems due to its exceptional strength-to-weight ratio, corrosion resistance, and durability.

Growing demand for glass fiber reinforced polymers (GFRP): GFRP is a cost-effective alternative to CFRP and is widely used in unmanned systems that require high strength and durability.

Rising adoption of aramid fiber reinforced polymers (AFRP): AFRP is a high-performance material that offers exceptional strength, stiffness, and resistance to impact and fatigue.

Advancements in manufacturing technologies: Advancements in manufacturing technologies, such as 3D printing and automated fiber placement, are enabling the production of complex composite structures with high accuracy and precision.

Market Insights

The global Unmanned Composites Market size was valued at USD 1.50 Billion in 2022 and is projected to reach from USD XX Billion in 2023 to USD 5.49 Billion by 2031, growing at a CAGR of 15.51% during the forecast period (2023–2031).

Key Opportunities

The Unmanned Composites Market offers several key opportunities, including:

Increasing demand for unmanned systems: The demand for unmanned systems is increasing across various industries, including military, aerospace, and commercial.

Growing adoption of composite materials: Composite materials are increasingly being adopted in unmanned systems due to their exceptional strength-to-weight ratios, corrosion resistance, and durability.

Advancements in manufacturing technologies: Advancements in manufacturing technologies are enabling the production of complex composite structures with high accuracy and precision.

Key Players

Some of the key players in the Unmanned Composites Market include:

Hexcel Corporation: Hexcel Corporation is a leading provider of advanced composite materials, including CFRP, GFRP, and AFRP.

TEIJIN LIMITED.: TEIJIN LIMITED. is a leading provider of advanced composite materials, including CFRP, GFRP, and AFRP.

Gurit: Gurit is a leading provider of advanced composite materials, including CFRP, GFRP, and AFRP.

Renegade Materials Corporation: Renegade Materials Corporation is a leading provider of advanced composite materials, including CFRP, GFRP, and AFRP.

TORAY INDUSTRIES INC.: TORAY INDUSTRIES INC. is a leading provider of advanced composite materials, including CFRP, GFRP, and AFRP.

Stratasys Ltd.: Stratasys Ltd. is a leading provider of 3D printing solutions, including composite materials.

Solvay: Solvay is a leading provider of advanced composite materials, including CFRP, GFRP, and AFRP.

Unitech Aerospace: Unitech Aerospace is a leading provider of advanced composite materials, including CFRP, GFRP, and AFRP.

Owens Corning: Owens Corning is a leading provider of advanced composite materials, including GFRP and AFRP.

Teledyne Technologies Incorporated.: Teledyne Technologies Incorporated. is a leading provider of advanced composite materials, including CFRP, GFRP, and AFRP.

Materion Corporation: Materion Corporation is a leading provider of advanced composite materials, including CFRP, GFRP, and AFRP.

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Market Segmentations

The Unmanned Composites Market can be segmented into the following categories:

By Type: The market can be segmented into CFRP, GFRP, AFRP, and BFRP.

By Application: The market can be segmented into interior and exterior applications.

By Platform Outlook: The market can be segmented into UAV, UGV, USV, AUV, ROV, autonomous ship, and passenger drone.

Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/unmanned-composites-market/segmentation

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Polycarbonate Composites Market: Lightweight and Durable Innovations Driving Industrial Use up to 2033

The Polycarbonate Composites Market focuses on materials created by combining polycarbonate (PC) resin with reinforcing agents such as glass fibers, carbon fibers, or other fillers. These composites are well-known for their excellent impact resistance, high strength-to-weight ratio, optical clarity, and flame-retardant properties. The versatility of polycarbonate composites makes them widely used in applications across automotive, electronics, aerospace, construction, and healthcare industries.

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The polycarbonate composites market is anticipated to expand from $2.1 billion in 2023 to $4.3 billion by 2033, achieving a CAGR of 7.4%.

Market Outlook The Polycarbonate Composites Market is experiencing strong growth due to the increasing demand for lightweight yet durable materials in key industries. The automotive sector, in particular, is a significant driver, as manufacturers are seeking materials that reduce vehicle weight to improve fuel efficiency and meet stringent emission standards. Polycarbonate composites are becoming a preferred choice for automotive components such as headlamp lenses, interior parts, and glazing solutions due to their exceptional strength and lightweight characteristics.

In the electronics and electrical industry, the demand for polycarbonate composites is also surging. The materials’ excellent electrical insulation properties and high heat resistance make them suitable for producing enclosures, connectors, and electronic device casings. The growth of the consumer electronics market and the rising adoption of smart devices are contributing to increased usage of polycarbonate composites in this sector.

Aerospace and defense industries are turning to polycarbonate composites for applications that require high performance and safety, such as aircraft interiors, cockpit canopies, and ballistic-grade materials. The aerospace sector’s focus on weight reduction for fuel efficiency and enhanced durability further drives the demand for polycarbonate composites. Additionally, the construction industry is leveraging these materials for glazing applications and structural components where impact resistance and transparency are essential.

The market is witnessing innovations in composite manufacturing processes, such as the development of thermoplastic composites that offer advantages in recyclability and faster production cycles. Advancements in nanotechnology and surface modification techniques are also enhancing the properties of polycarbonate composites, expanding their application range and performance capabilities.

Environmental sustainability is a growing trend in the Polycarbonate Composites Market. Companies are investing in research and development to produce eco-friendly composites using bio-based polycarbonates and recycled materials. The push for sustainable materials aligns with global efforts to reduce plastic waste and promote the circular economy.

Asia-Pacific is expected to dominate the Polycarbonate Composites Market, driven by rapid industrialization, urbanization, and growing automotive and electronics manufacturing. Countries like China, Japan, and South Korea are leading in both production and consumption of polycarbonate composites. North America and Europe are also key markets, with strong demand from the automotive and aerospace sectors.

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Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Market Segmentation

In 2023, the Polycarbonate Composites Market demonstrated robust performance, with a market volume of 600 million metric tons and projections to reach 900 million metric tons by 2033. The automotive sector dominates the market share at 45%, driven by the industry’s demand for lightweight and durable materials. The electronics segment follows with a 30% share, benefiting from the increasing use of polycarbonate composites in consumer electronics. The construction segment holds a 25% share, supported by the material’s strength and versatility. Key players such as Covestro AG, SABIC, and Teijin Limited maintain substantial market presence, influencing sector dynamics.

Competitive pressures and regulatory frameworks significantly impact the Polycarbonate Composites Market. Companies are investing in sustainable production methods to comply with stringent environmental regulations. The EU’s Green Deal and similar policies worldwide are pushing for eco-friendly manufacturing processes. Future projections indicate a 10% annual increase in R&D expenditure, targeting innovations in recycling and material efficiency. The market outlook remains optimistic, with growth driven by advancements in composite technology and expanding applications across various industries. However, challenges such as fluctuating raw material prices and the need for technological advancements persist, necessitating strategic collaborations and investments in cutting-edge technologies.

Major Players

SABIC Innovative Plastics

Covestro

Teijin Limited

Mitsubishi Chemical Corporation

Chi Mei Corporation

LG Chem

Trinseo

Lotte Chemical

Asahi Kasei Corporation

Idemitsu Kosan

RTP Company

Plazit Polygal

PolyOne Corporation

Ensinger

Bayer MaterialScience

A. Schulman

SABIC

Sumitomo Chemical

Toray Industries

Mitsui Chemicals

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis

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Aircraft Design and Engineering Market: Projected Growth of 4.70% CAGR by 2032

Aircraft Design and Engineering Market: A Comprehensive Analysis of Growth Trends and Opportunities

The Aircraft Design and Engineering Market has witnessed significant growth over recent years, driven by advancements in aerospace technologies, the rising demand for commercial aviation, and the increasing emphasis on military aviation capabilities. In 2022, the market size was valued at USD 34.2 billion and is projected to grow to USD 54.6 billion by 2032, representing a compound annual growth rate (CAGR) of 4.70% during the forecast period (2022–2032). This robust growth reflects the surging investments in aircraft development, modernization, and innovations that aim to improve efficiency, safety, and sustainability.

Browse Report – Explore the report’s contents, sections, and key insights by browsing through its detailed information.

Market Drivers: Key Factors Fueling Growth

Rising Demand for Fuel-Efficient Aircraft The aviation industry's ongoing pursuit of reducing carbon emissions and operating costs has driven the development of fuel-efficient aircraft. Advanced design and engineering innovations, such as lightweight materials and aerodynamic enhancements, are essential for meeting environmental regulations and consumer demand for sustainable travel.

Growth in Commercial Aviation The growing global middle class and the expansion of low-cost carriers (LCCs) have contributed to increased passenger air travel. As airlines seek to expand their fleets and replace aging aircraft, the demand for advanced aircraft design and engineering services continues to rise.

Military Modernization Programs Governments worldwide are heavily investing in upgrading their defense capabilities, with a strong focus on next-generation military aircraft. Fighter jets, unmanned aerial vehicles (UAVs), and transport aircraft are driving growth in the military aviation segment, bolstering the demand for cutting-edge engineering and design services.

Technological Advancements Innovations such as additive manufacturing (3D printing), digital twins, and artificial intelligence (AI) are transforming the aircraft design and engineering process. These technologies enhance precision, reduce production costs, and shorten development cycles, providing a competitive edge to industry players.

Market Segmentation

The Aircraft Design and Engineering Market is segmented based on aircraft components, operations, end-use, and regions.

1. Aircraft Components

Engine: Aircraft engines remain a critical focus for innovation, emphasizing fuel efficiency and reduced emissions.

Wings: Advanced wing designs, such as blended wing bodies and folding wingtips, are gaining prominence.

Fuselage: Lightweight composite materials like carbon fiber are being increasingly adopted to enhance structural integrity while reducing weight.

Landing Gear, Tail, Nose, and Pylon: These components are also undergoing redesigns to improve aerodynamics and durability.

2. Operations

Design: The use of CAD (Computer-Aided Design) and AI-driven modeling tools is revolutionizing aircraft design processes.

Manufacturing: Advanced manufacturing techniques, including robotic assembly and additive manufacturing, are reducing production timelines.

Analysis and Testing: Virtual testing and simulations are replacing traditional methods, ensuring safety and performance efficiency.

Maintenance, Repair, and Operations (MRO): With the increasing size of global aircraft fleets, MRO services play a crucial role in sustaining operational efficiency.

3. End-Use

Commercial Aviation: Dominates the market, fueled by rising passenger demand and fleet expansion initiatives.

Military Aviation: Gaining traction due to defense modernization programs and the rising demand for UAVs.

4. Regional Analysis

The market exhibits strong regional variations in growth, driven by differing economic conditions, technological advancements, and government initiatives:

North America: Leading the market due to robust investments in both commercial and military aviation. The presence of major players like Boeing and Lockheed Martin contributes significantly to the region's dominance.

Europe: Home to major aircraft manufacturers such as Airbus, Europe focuses heavily on sustainable aviation technologies and R&D initiatives.

Asia-Pacific: The fastest-growing region, driven by increasing air travel demand in countries like China and India, as well as growing investments in indigenous aircraft programs.

Middle East & Africa: Gaining prominence as a hub for MRO services, with rising investments in aviation infrastructure.

Latin America: Witnessing gradual growth, primarily led by rising tourism and commercial aviation expansion.

Competitive Landscape

The Aircraft Design and Engineering Market is highly competitive, with several key players vying for market share through innovation and strategic collaborations. Prominent companies in the industry include:

The Boeing Company

Airbus SE

Lockheed Martin Corporation

Raytheon Technologies Corporation

General Electric (GE) Aviation

Rolls-Royce Holdings PLC

Safran SA

These companies are leveraging advancements in digital technologies and sustainability solutions to strengthen their market position. Strategic alliances, mergers, and acquisitions are common tactics to expand their capabilities and global reach.

Future Outlook and Opportunities

The Aircraft Design and Engineering Market is poised for continued growth, driven by emerging opportunities such as:

Urban Air Mobility (UAM): The rise of electric vertical takeoff and landing (eVTOL) aircraft is creating a new avenue for design and engineering innovation.

Green Aviation: Sustainable aviation fuel (SAF), hydrogen-powered aircraft, and electric propulsion systems are reshaping the industry landscape.

Digital Transformation: The adoption of digital twins, predictive analytics, and cloud-based platforms will continue to enhance efficiency and cost-effectiveness in aircraft development.

Autonomous Aircraft: Advancements in artificial intelligence and autonomous systems present significant opportunities for military and commercial applications.

Conclusion

The Aircraft Design and Engineering Market is entering an exciting phase of transformation, driven by technological advancements, evolving consumer demands, and environmental considerations. As the industry moves toward more sustainable and efficient aviation solutions, the role of innovative design and engineering processes will become even more critical. With a projected market size of USD 54.6 billion by 2032, stakeholders across the value chain are poised to benefit from the growth opportunities presented by this dynamic market.

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By leveraging cutting-edge technologies and adapting to emerging trends, industry players can stay ahead of the curve, ensuring a future-ready aviation ecosystem that meets the needs of both commercial and military sectors.

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Core Materials Market

Core Materials Market Size, Share, Trends: Diab Group Leads

Increasing Adoption of Composite Materials in Wind Energy Industry Driving Market Growth

Market Overview: 

The global core materials market is expected to grow at a CAGR of X.X% during the forecast period of 2024-2031, reaching a market size of USD YY billion by 2031 from USD XX billion in 2024. The Asia-Pacific region is projected to dominate the market, driven by the increasing demand for lightweight and high-strength composite materials in the wind energy and aerospace industries. The growth of the core materials market is fueled by factors such as the rising adoption of composite materials in various end-use industries, growing focus on renewable energy, and increasing demand for fuel-efficient vehicles. However, the high cost of advanced core materials may restrain the market growth to some extent.

The increasing use of composite materials in the wind energy industry is a significant trend driving the core materials market. Wind turbine producers are increasingly employing composite materials, such as foam and balsa wood cores, to create lightweight, high-strength blades that can survive harsh weather. According to the World Wind Energy Council, global wind energy capacity is predicted to increase by more than 200 GW between 2021 and 2025, driving up demand for core materials used in turbine blades.

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Market Trends: 

The increased need for lightweight materials in the aerospace and automotive industries is a major driver of the core materials sector. Aerospace manufacturers use new core materials, such as honeycomb structures, to reduce the weight of aircraft components while preserving structural integrity. Similarly, the automotive sector is using composite materials with foam and honeycomb cores to build lighter, more fuel-efficient cars. Stringent fuel efficiency and pollution standards throughout the world are increasing the need for lightweight core materials in the transportation industry.

Despite the numerous advantages, the high cost of advanced core materials such as high-performance foams and aerospace-grade honeycombs may limit market expansion, particularly in price-sensitive locales and applications. These materials are more expensive than traditional core materials because they are manufactured using complicated methods and expensive raw ingredients. The cost premium may limit the use of sophisticated core materials in some applications and markets. Current R&D activities, on the other hand, are centred on improving production methods and discovering cost-effective alternatives to increase the market reach of core minerals.

Market Segmentation: 

The foam category is predicted to account for the majority of the core materials market throughout the forecast period. Foam cores, notably polyvinyl chloride (PVC) and polyethylene terephthalate (PET) foams, are used in a variety of composite applications due to their superior mechanical qualities, insulating capabilities, and cost-effectiveness. The growing use of foam cores in the wind energy, maritime, and construction industries is driving the segment ahead.

Major core material manufacturers, like Diab Group and Gurit Holding AG, are investing in the development and production of high-performance foam core materials to meet rising demand from a diverse variety of end-use sectors. For example, in 2023, Diab introduced a new line of recyclable PET foam cores that outperform traditional foam materials in terms of sustainability and performance.

Market Key Players:

Diab Group

Gurit Holding AG

Hexcel Corporation

Euro-Composites S.A.

Armacell International S.A.

3A Composites

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Casting Resin Market

Casting Resin Market Size, Share, Trends: Huntsman Corporation Lead

Growing Need for Environmentally Friendly Casting Resins

Market Overview:

The global Casting Resin Market is projected to grow at a CAGR of 6.8% from 2024 to 2031, reaching USD 10.2 billion by 2031 from USD 6.1 billion in 2024. Asia-Pacific is expected to dominate the market throughout the forecast period. The casting resin market is experiencing significant growth due to increasing demand from various end-use industries such as automotive, aerospace, and electronics.

The market is driven by the growing need for lightweight, high-performance materials in manufacturing processes. Casting resins are excellent options for many various applications due to their perfect mechanical properties, chemical resistance, and adaptability. The growing electronics industry in underdeveloped countries and the expansion in infrastructure development projects help to drive market expansion even further.

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Market Trends:

One significant trend in the casting resin market is the growing need for environmentally friendly and sustainable products. Manufacturers are developing low-VOC (Volatile Organic Compound) casting resins based on bio-based technology to meet increasing demand for ecologically friendly replacements. Made from soybean oil, corn, and castor oil, bio-based casting resins are becoming well-known in various applications. These environmentally friendly resins provide performance equivalent to conventional petroleum-based resins while reducing the carbon footprint. Furthermore, developing solvent-free and water-based casting resins helps to reduce environmental impact and improve air quality in production plants.

Market Segmentation:

Epoxy resin commands the largest market share in the casting resin sector, accounting for more than YY% of the overall global casting resin market in 2022. This dominance is due to the material's versatility and broad range of applications. Many end-use industries use epoxy casting resins because of their better mechanical strength, chemical resistance, and dimensional stability.

Over 65% of epoxy resin use occurs in the automotive and aerospace industries, specifically in structural applications, tooling, and composite manufacturing. For example, the global epoxy resin market for the automotive industry was valued at roughly $YY billion in 2022 and is expected to reach $YY billion by 2031, rising at a CAGR of 5.2% over the forecast period. Furthermore, the rise of renewable energy has increased demand for epoxy resins, with a major epoxy resin producer recently revealing a new low-viscosity epoxy system specifically designed for the manufacturing of large-scale wind turbine blades, which can account for 40-50% of total blade weight.

Market Key Players:

Huntsman Corporation

DOW Chemical Company

Hexion Inc.

Olin Corporation

Ashland Global Holdings Inc.

DIC Corporation

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[checmccc]

Composites Market: Analysis of Growth Drivers, Challenges, and Future Scope

The Composites Market has emerged as a key segment in global materials science, driven by increasing demand for lightweight, durable, and high-performance materials across diverse industries such as aerospace, automotive, construction, renewable energy, and consumer goods. Composites, made from fibers and resins, offer superior strength-to-weight ratios, corrosion resistance, and design flexibility, making them ideal for advanced applications.

Market Overview

The global composites market size was USD 99.91 billion in 2019 and is projected to reach USD 112.0 billion by 2027, exhibiting a CAGR of 6.88% during the forecast period. This growth is fueled by rising adoption in the aerospace and automotive sectors, innovations in renewable energy systems, and an increasing focus on sustainable materials.

Key Market Drivers

Lightweight Materials in Automotive and Aerospace

The growing demand for fuel efficiency and emission reduction has accelerated the adoption of lightweight composite materials in automotive and aerospace manufacturing.

Rising Use in Wind Energy

Wind turbines, particularly blades, rely on composite materials for their strength and weight-saving properties. The growth of renewable energy installations globally is a significant driver.

Infrastructure and Construction Applications

Composites are being increasingly used in construction for bridges, reinforcement, panels, and cladding due to their durability and resistance to environmental stressors.

Technological Advancements in Manufacturing

Innovations in production techniques such as 3D printing, automated fiber placement (AFP), and resin transfer molding (RTM) are enhancing the quality and cost-efficiency of composite manufacturing.

Focus on Sustainability

The development of bio-based and recyclable composites aligns with the growing push for environmentally sustainable materials.

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Market Segmentation

By Fiber Type

Glass Fiber Composites: Cost-effective and versatile, widely used in construction, automotive, and consumer goods.

Carbon Fiber Composites: High-strength, lightweight materials primarily used in aerospace, automotive, and sports applications.

Natural Fiber Composites: Emerging segment driven by sustainability trends and eco-friendly solutions.

By Resin Type

Thermoset Composites: Dominant due to their high strength and durability, used in aerospace and wind energy.

Thermoplastic Composites: Gaining traction for recyclability and faster processing times.

By End-Use Industry

Aerospace & Defense: The largest consumer of high-performance composites for structural applications.

Automotive: Increasing use for reducing vehicle weight and improving fuel efficiency.

Renewable Energy: Wind turbine blades and solar panel frames rely heavily on composites.

Construction & Infrastructure: Composites are used for corrosion-resistant and durable structures.

Consumer Goods: Sports equipment, electronics, and household products benefit from lightweight properties

By Region

North America: Leading market with significant aerospace and automotive production hubs.

Europe: Driven by stringent regulations promoting lightweight and energy-efficient materials.

Asia-Pacific: Fastest-growing region due to rising industrialization, construction, and manufacturing in China, India, and Japan.

Rest of the World: Moderate growth driven by infrastructure and renewable energy projects.

Key Challenges

High Production Costs

The cost of advanced fibers (e.g., carbon fiber) and specialized manufacturing techniques limits widespread adoption.

Recycling Limitations

Thermoset composites are difficult to recycle, posing challenges for sustainability.

Competition from Traditional Materials

Steel, aluminum, and other metals continue to compete with composites due to established infrastructure and lower costs.

Lack of Standardization

The absence of global standards for composite materials and processes can hinder market penetration.

Emerging Trends

Recyclable and Bio-Based Composites

Growing innovation in natural and bio-based resins is addressing sustainability challenges.

3D Printing and Additive Manufacturing

The integration of 3D printing technologies allows for customized and complex composite structures with reduced material waste.

Composites in Electric Vehicles (EVs)

The growing EV market is driving demand for lightweight composites in battery enclosures, body panels, and structural parts.

Advanced Composite Applications in Construction

Use of composites for bridge decks, reinforcing bars, and high-rise building panels is expanding.

Automated Manufacturing

Innovations in automation, including robotic systems for fiber placement and resin infusion, are increasing production efficiency.

Competitive Landscape

The composites market is characterized by intense competition, with key global players focusing on innovation, capacity expansion, and strategic partnerships. Notable companies include:

Toray Industries, Inc.

Hexcel Corporation

SGL Carbon SE

Owens Corning

Teijin Limited

Mitsubishi Chemical Holdings

Solvay S.A.

Huntsman Corporation

These players invest in research and development to create advanced, cost-effective, sustainable composite solutions.

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Future Outlook

The global composites market is poised for strong growth over the next decade, driven by increasing aerospace, automotive, renewable energy, and construction applications. The Asia-Pacific region is expected to dominate the market, while North America and Europe remain at the forefront of innovation and high-value applications. Sustainability and the adoption of advanced manufacturing technologies will play a critical role in shaping the market’s future.

Conclusion

The composites market represents a transformative segment in materials science, offering unparalleled strength, flexibility, and sustainability for diverse industries. As demand for lightweight and high-performance materials continues to grow, composites will remain central to innovation in aerospace, automotive, and renewable energy sectors. Companies that embrace advancements in technology and sustainable solutions are well-positioned to capitalize on the market's expanding opportunities.

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Powder Metallurgy Market - Forecast(2024 - 2030)

Powder Metallurgy Market Overview

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COVID-19 Impact

The onset of Covid-19 in the entire nation had a negative impact on the automotive industry. There was an overall revenue impact across the automotive industry. The pandemic also impacted all the stakeholders present in the value chain for the short as well as medium term. Shortage of raw material, shifting of production to other countries, liquidity crunch to delays in availability of models, deferred launches, and shrinkage in consumer demand were some of the main issues faced by the automotive stakeholders, owing to which the production and demand of automobiles had significantly fallen. For instance, according to the China Passenger Car Association (CPCA), China’s passenger car sales in June fell 6.5% year on year to 1.68 million units. The unstable automotive production and demand have significantly impacted the market of powder metallurgy as the demand for powder metal was also uncertain during the period. A prolonged truncation of consumer demand due to the lockdown has significantly affected auto manufacturers’ revenues and cash flows. Even after the restriction is eased in 2021, with discretionary spending taking a backseat, further declines in the market for passenger vehicles are expected.

Powder Metallurgy Market Report Coverage

The report: “Powder Metallurgy Market — Forecast (2021–2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the powder metallurgy Industry.

By Material: Ferrous (Iron, Steel, and Stainless Steel), Non-Ferrous (Copper, Aluminium, Cobalt, Tin, Nickel, Magnesium, Zinc, Titanium, Molybdenum, and Others By Process: Conventional Process, Metal Injection Moulding, Hot Isostatic Pressing, and Metal Additive Manufacturing By Application: Porous Products, Bearing and Bushes, Filters (Ceramic Filter, Fiber Metal Filter, and Others), Refractory Metal Composites, Electric Motors, Cemented Carbides, Machinery Parts (Gears, Sprockets, Rotors, and Others), Tungsten Wires, Medical Implants, Magnetic Materials, Cutting Tools and Dies, and Others By End-Use Industry: Medical & Healthcare, Automobile (Transmission, Engine Parts, and others), Oil & Gas, Electrical and Electronics (Refrigerators, Vacuum Cleaners, Circuit Breakers, Electric Motors, Sewing Machines, and Others), Industrial (Hydraulics, Motors/Controls, and Others), Aerospace (Aero-engine, Land-based Gas Turbine, Airframes, and Others), Household Appliances, Recreation and Leisure, and Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

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Key Takeaways

Asia-Pacific dominates the powder metallurgy market, owing to the increasing demand and production of lightweight vehicles in the region. For instance, according to OICA, the production of passenger cars has increased by 2.6 % in Malaysia in 2019.

There are many cases in which powder metallurgy over casting has a strong benefit. The benefits of the powder metallurgy process are particularly apparent when dealing with high-value and high-melting-point materials, owing to which there is increasing adoption of powder metallurgy over die casting, which will propel the market growth.

There are growing interests in producing customized medical implants using additive manufacturing and in producing porous implant structures (to match bone stiffness and to aid osteointegration) by powder metallurgy processing, which may boost the market growth.

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Powder Metallurgy Market Segment Analysis — By Material

The ferrous segment held the largest share in the powder metallurgy market in 2020. Ferrous powdered metals such as iron, steel, and more offer the highest level of mechanical properties. Ferrous metal powders are also known for their extensive characteristics such as durability, hardness, tensile strength, lower costs, broad flexibility, and more. The ferrous powdered metal is largely employed in the automotive industry for designing bearings, gears, or other auto parts, owing to its good strength and flexibility. Furthermore, ferrous metals are also widely utilized in various other end-use industries such as construction, piping, aerospace, electronics, and more. Thus, it is anticipated that these extensive characteristics and wide applications of ferrous powder metallurgy are the major factors driving its demand during the forecast period.

Powder Metallurgy Market Segment Analysis — By Application

The bearings segment held the largest share in the powder metallurgy market in 2020 and is growing at a CAGR of 7.4% during 2021–2026, owing to its self-lubricating property. Bearings that are made from powder metallurgy are known as self bearings of sintered metal. They are economical, suitable for high production rates, and precision tolerances can be produced. The majorities of porous-metal bearings consist of either bronze or iron with pores that are interconnected. These voids take up 10 percent of the total volume to 35 percent. In operation, lubricating oil is deposited in these voids and feeds to the bearing surface through the interconnected pores. Sintered-metal self-lubricating bearings are widely used in home appliances, small motors, machine tools, aircraft, and automotive accessories, business machines, instruments, and farm and construction equipment, owing to which it holds a prominent share in the powder metallurgy application segment.

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Powder Metallurgy Market Segment Analysis — By End-Use Industry

The automotive segment held the largest share in the powder metallurgy market in 2020 and is growing at a CAGR of 8.6% during 2021–2026. Powder metal parts display excellent controlled porosity and self-lubricating properties that allow gases and liquids to be filtered. Powder metallurgy is also a strongly recommended method in the manufacture of components involving complex bends, depressions, and projections. Flexibility in the development of mechanical parts of different compositions, such as metal-non-metal and metal-metal hybrids, allows high dimensional precision in the production of automobile parts and ensures consistent properties and measurements with very little scrap and waste of material. The most popular vehicle parts that are manufactured through the method of powder metallurgy are the bearings and gears. A variety of metals, including ferrous, and non-ferrous are used in automotive components including chassis, steering, exhaust, transmission, shock absorber parts, engine, battery, seats, air cleaners, brake disc, and more. The powder metallurgy is often used in these components as it improves the net shape, utilizes heat treatment, enhances surface treatment, and improves the precision of these components. Thus, the demand for powder metallurgy in the automotive sector is growing due to such factors.

Powder Metallurgy Market Segment Analysis — By Geography

Asia-Pacific region held the largest share in the powder metallurgy market in 2020 up to 45%, owing to the increasing automotive manufacturing coupled with population growth in the region. China is the world’s largest vehicle market, according to the International Trade Administration (ITA), and the Chinese government expects automobile production to reach 35 million by 2025. In 2019, according to OICA, the automotive production in Malaysia and Vietnam has increased up to 571632, and 250000, i.e., 1.2%, and 5.5%. India’s annual production in 2019 was 30.91 million vehicles, according to Invest India, compared to 29.08 million in 2018, recording a healthy 6.26 percent growth. Also, by 2026, the US$118 billion Indian car industry is projected to cross US$300 billion. The increasing automation production in the Asia Pacific will eventually boost the demand for powder metallurgy to manufacture various automobile components, which will likely influence the growth of the powder metallurgy market in the APAC region.

Powder Metallurgy Market Drivers

Flourishing Aerospace Industry

Powder metallurgy is used extensively in aerospace, because of its advantages of high strength/weight ratio, high heat capacity, and high modulus of elasticity. Within aerospace, powder metallurgy finds its most significant application in turbine engines, compressors, fan sections, discs, airframes, fasteners, and landing gear. Tungsten metallurgy based tungsten carbide has received considerable attention in the aerospace industry because of its high strength at very high temperatures. Tungsten carbide is sintered through a selective laser sintering process based on the additive manufacturing process. In 2019, China was the second-largest civil aerospace and aviation services market in the world and one of the fastest-growing markets, according to the International Trade Administration (ITA). China will need 7,690 new aircraft over the next 20 years, valued at US$1.2 trillion, according to Boeing (Commercial Market Outlook 2018–2037). China also currently accounts for 15 percent of the world’s commercial aircraft fleet, and it will be almost 20 percent by 2037. According to Boeing, the demand for 2,300 airplanes worth US$320 billion is projected in India over the coming 20 years. Boeing’s current market outlook (BMO) forecasts demand for 2,520 new aircraft in the Middle East by 2030. With the flourishing aerospace industry, the demand for aircraft components will also gradually increase, which will drive the market growth.

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Expanding Electrical and Electronics Sector

The powder metallurgy method offers the opportunity to cost-effectively produce net form components from a variety of materials. A market segment that has exhibited the ability to take advantage of powder metallurgy’s flexibility has been in electromagnetic applications such as household appliances, industrial applications, and more. Magnetic materials are essential elements in the electronic industry in recent times. From the motors and turbines that provide the power for the industry to the high-frequency transformers that power computers, magnetic materials are becoming increasingly important for consumers. The electronic sector is booming in various regions, which will further drive the market growth as there is an increasing demand for powder metallurgy from the electrical and electronics sector. For instance, the consumer electronics and appliances sector in India is expected to become the fifth-largest in the world by 2025, according to Invest India. India could create an US$800 billion to US$1 trillion digital economy by 2025, and India’s digital economy could fuel 18–23 percent of overall economic activity by 2025. According to the Government of Canada, revenues in the ICT sector reached an estimated US$210 billion in 2019. ICT sector revenues grew from US$158 billion to US$200 billion from 2013 to 2018, a 26.9 percent increase.

Powder Metallurgy Market Challenges

Various Drawbacks Associated with Powder Metallurgy

The cost of metal powders compared to the cost of raw material used for casting or forging a component is relatively higher. At the time the cost of tooling and equipment is also higher. When production volumes are limited, this is especially a limitation. Also, low melting point metal powders such as zinc, tin, and cadmium give thermal difficulties during sintering operation, as most oxides of these metals cannot be reduced at temperatures below the melting point. Furthermore, large or complex-shaped parts, and uniformly high — density products are difficult to produce by the powder metallurgy process. Without any degradation, a few powders are also difficult to store. All these drawbacks associated with the powder metallurgy may hinder the market growth during the forecast period.

Powder Metallurgy Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the powder metallurgy market. Major players in the powder metallurgy market are Arcam AB, Carpenter Technology Corp., ExOne GmbH, GKN Plc, Höganäs AB, Materialize NV, Melrose Industries PLC, Sumitomo Electric Industries, Ltd., and Hitachi Chemical Co., Ltd.

Acquisitions/Technology Launches

In May 2019, Epson Atmix Corp. installed a new production line at its Kita-Inter Plant in Japan for producing amorphous alloy powder. The company invested around ¥800 million (USD 7.43 million) for the installation of a new line and it plans to further increase its production capacity in stages and reach 6,000 tons per year by 2023.

In October 2019, GKN Powder Metallurgy a leading metal powder and parts manufacturers acquired specialist polymer 3D printing service provider Forecast 3D. The acquisition presents a significant expansion of GKN powder metallurgy’s additive capabilities.

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