Polymer Matrix Composites Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2025
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 For Sample Copy of this Research Report : 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 (2018-2025). 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.