Global Composite Preforms Market to Reach US$ 350.1 million in 2023

Global Composite Preforms Market by End-Use Industry Type (Aerospace & Defense, Automotive, Consumer Goods, Infrastructure, Medical, Marine, and Others), by Fiber Type (Glass Fiber, Carbon Fiber, and Others), by Product Type (Braiding, Weaving, Stitching, and Knitting), by Structure Type (One-D, Two-D, and Three-D), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
This report, from Stratview Research, studies the global composite preforms market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. 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.
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The Global Composite Preforms Market: Highlights

The global composite preforms market offers a healthy growth opportunity over the next five years and will reach an estimated value of US$ 350.1 million in 2023. Increasing usage of composite materials in the aerospace and automotive industries, advancements in the preform technology, its ability to develop complex parts, excellent product strength, and shortened cycle time are some of the major factors that are proliferating the growth of the composite preforms in various end-use industries.

The global composite preforms market is segmented based on the end-use industry type as Aerospace & Defense, Automotive, Consumer Goods, Infrastructure, Medical, Marine, and Others. Aerospace & defense is expected to remain the most dominant segment of the composite preforms market during the forecast period, driven by an increased usage of preforms in turbofan engines of commercial aircraft. The material type is likely to gain more acceptance in the industry over the next five years.

The automotive segment is likely to witness the highest growth during the forecast period, driven by an increasing penetration of composites into the structural sections of vehicles coupled with a greater demand for composite preforms to shorten part cycle time. Composite preform can be used to fabricate high-performance composite parts for the automotive industry, but most of the automakers have disowned it, owing to automakers’ perception regarding its high cost and their change-averse culture.
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Over the last ten years, governments of many countries have imposed stringent regulations on the automotive industry by setting up targets related to vehicle’s fuel efficiency and carbon emission, which compelled auto OEMs to look for the best alternatives for achieving those targets. Composite preform is one of the best options for achieving those targets. Currently, many OEMs are heavily betting on composite preforms technology through High-Pressure Resin Transfer Molding (HP-RTM) process in structural applications of their mass-produced vehicles.

Composite Preforms Market by End-Use Industry

North America is expected to remain the dominant market for composite preforms during the forecast period, driven by the presence of major preform suppliers, composite part fabricators, aero-engine manufacturers, and OEMs. Europe is projected to witness the highest growth during the forecast period, driven by an expected increase in the production rates of A350XWB and A320 aircraft programs.

The supply chain of this market comprises raw material manufacturers, composite preform manufacturers, part fabricators, aero-engine manufacturers, and OEMs. The key aerospace OEMs are Boeing, Airbus, Lockheed Martin, Embraer, and Bombardier, whereas the key aero-engine manufacturers are CFM, GE Aviation, and Pratt & Whitney, and the key automotive OEMs are BMW, GM, Toyota, and Ford Motors.

The key composite preform manufactures are A&P Technology, SGL Kumpers GmbH, Sigmatex (UK) Ltd., Bally Ribbon Mills, Saertex GmbH & Co. KG, Highland Composites, Fabric Development Inc. and Compsys Inc. New product development, regional expansion, and joint product development with customers are the key strategies adopted by some of the major players to gain a competitive edge in the market.
Report Features

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 into 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:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The global composite preforms market is segmented into the following categories.

Global Composite Preforms Market by End-Use Industry Type:
• Aerospace and Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Global Composite Preforms Market by Fiber Type:
• Glass Fiber preforms (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Carbon Fiber Preforms (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other Fiber Preforms (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Global Composite Preforms Market by Product Type:
• Braiding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Weaving (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Stitching (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Knitting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Global Composite Preforms Market by Structure Type:
• One-Dimensional Preforms (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Two-Dimensional Preforms (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Three-Dimensional Preforms (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Global Composite Preforms Market by Region
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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Category : Advanced & Material
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Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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