Press release
Composite Preforms Market to Reach US$ 350.1 million in 2023
· by End-Use Industry Type (Aerospace & Defense, Automotive, Consumer Goods, Infrastructure, Medical, Marine and Others),
· by Fiber Type (Glass Fiber preforms, Carbon Fiber Preforms, and Other Fiber Preforms),
· by Product Type (Braiding, Weaving, Stitching, and Knitting),
· by Structure Type (One-Dimensional Preforms, Two-Dimensional Preforms, and Three-Dimensional Preforms), and
· by Region (North America, Europe, Asia-Pacific, and Rest of the World)
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Composite Preforms Market: Highlights & Drivers
The 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 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.
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