Stratview Research announces the launch of a new research report on Global Composite Process Materials Market by End-Use Industry Type (Aerospace & Defense, Wind Energy, Marine, Transportation, and Others), by Material Type (Vacuum Bagging Film, Release Liner, Peel Ply, Breathers & Bleeders, and Others), by Application Type (Prepreg Manufacturing, Prepreg Layup Process, Infusion Process, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.
This market report, from Stratview Research, studies the process materials market in the global composites industry over the period 2011 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Process Materials Market in the Global Composites Industry: Highlights
As per Stratview Research, the global composite process materials market offers an impressive growth of 7.2% CAGR during the forecast period of 2017 to 2022 and reach US$ 1,182.6 million in 2022, which offers an opportunity to the relevant industry players to align themselves with the market growth.
There are several factors bolstering the growth of process materials in the global composites industry. The author of the report cited Higher usage of composite materials in the next generation aircraft, such as B787, A350XWB and C Series, with an increased penetration of prepreg materials; increasing penetration of composite materials in the automotive industries, mainly in luxury and electric vehicles with an increased demand for infusion and prepreg layup processes; and sustainable growth in the wind energy as some of the factors driving the demand for process materials in the composites industry.
Prepreg manufacturing is expected to remain the most dominant application in the market over the next five years and is also likely to remain the fastest growing segment. The usage of prepreg is increasing in many industries, such as aerospace & defense, wind energy, transportation, and sports & leisure which is driving the demand for composite process materials. There is also a healthy growth expected for the material from VARTM process based applications in the composites industry.
Aerospace & defense is expected to remain the largest consumer of composite process materials during the forecast period. High use of prepreg to manufacture structural components is the prime driver of these materials in the industry. However, automotive industry is projected to witness the highest growth in the same period, driven by increasing penetration of composites in vehicles to enhance fuel efficiency for achieving stringent government regulations, such as CAFÉ standards.
Based on material type, release liners are expected to remain the largest material type in the composite process materials market. This material type is also projected to witness the highest growth during the same period.
In terms of region, North America is expected to remain the largest market for composite process materials during the forecast period. The region is the world’s manufacturing capital of composites manufacturing with the presence of many big to small composite part molders. The region is also the hub of prepreg manufacturing with the presence of almost all the major prepreg manufacturers. Asia-Pacific is likely to be the fastest growing composite process materials market in the same period. High growth of composites, upcoming indigenous commercial and regional aircraft and shift of prepreg plants to Asian countries are some of the key whys and wherefores behind high growth in the Asia-Pacific's market.
The key composite process material manufacturers are Airtech Advanced Materials Group, Cytec Solvay Group, Mondi Plc, Loparex LLC, The 3M Company, Sappi Limited, Wausau Paper, Lintec Corporation, and Gascogne Laminates. New product development, regional expansion, and long-term relation with customers are some of the key strategies adopted by the major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies global composite process materials market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the four ways in which the market is segmented:
Global Composite Process Materials Market by End-Use Industry:
Global Composite Process Materials Market by Material Type:
Global Composite Process Materials Market by Application Type:
Global Composite Process Materials Market by Region:
Stratview Research has several high value market reports in the composites industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Composites Industry
Related premium market reports in the advanced materials industry are:
Global Composite Vacuum Consumables Market by Material Type, by End-Use Industry, by Application Type, and by Region, Competitive Analysis, and Growth Opportunity: 2016 – 2021
Global Composite Preforms Market by Application Segment, by Fiber Type, by Product Type, by Structure Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021
Global Composite Release Liners Market by Backing Type, by Silicone Technology, by Application, by End-Use Industry, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022
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