Composite Process Materials Market Forecasted to Reach US$ 1,182.6 million in 2022

Stratview Research has launched a research report on Composite Process Materials Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Composite Process Materials Market from 2017 to 2022.

This 250 page report is segmented in five ways to provide a 360 degree holistic view. The segments are –
· 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, VARTM Process and Others),and
· by Region

o North America (Country Analysis: the USA, Canada, and Mexico)
o Europe (Country Analysis: Germany, France, the United Kingdom, Russia, and Rest of the Europe)
o Asia – Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
o Rest of the World (Country Analysis: Middle-East, Latin America, and Others)

Stratview Research, has presented the study of Composite Process Materials Market over the trend period of 2011 to 2016 and forecast period of 2017 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.
The key composite process material manufacturers are Airtech Advanced Materials Group, Cytec Solvay Group, Mondi Plc, Loparex LLC, 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.

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Composite Process Materials Market: Drivers and Highlights
The global process materials market in the composites industry was valued at US$ 774.8 million in 2016 and is projected to grow at a healthy CAGR of 7.2% during the forecast period to reach US$ 1,182.6 million in 2022. 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 are rapidly proliferating the demand for process materials in the composites industry.

Aerospace & defense is expected to remain the largest consumer
The global composite process materials market is firstly segmented based on end-use industry type as aerospace & defense, wind energy, transportation, marine, and others. Aerospace & defense is expected to remain the largest consumer of process materials in the composites industry during the forecast period. High use of prepreg to manufacture structural composite components is the prime growth driver of the process materials in the aerospace & defense industry. The automotive industry is projected to witness the highest growth during the same period, driven by increasing penetration of composites in automobiles to enhance fuel efficiency for achieving stringent government regulations such as CAFÉ standards.

Prepreg manufacturing is expected to remain the most dominant application

The global composite process materials market is secondly segmented based on application type as prepreg manufacturing, VARTM (Vacuum Assisted Resin Transfer Molding) process, prepreg layup process, and others. Over the next five years, prepreg manufacturing is expected to remain the most dominant application of process materials in the global composite industry. The penetration of prepreg is increasing in many industries, such as aerospace & defense, wind energy, and transportation. For instance, the next generation aircraft, such as B787, incorporates about 50% composites in the total structural weight in which majority of composite components are made by utilizing prepreg materials. Also, there is expected a healthy growth from VARTM process based applications.

Infusion processes and are expected to remain the largest material type

The global composite process materials market is thirdly segmented based on material type as vacuum bagging film, release liner, peel ply, breathers & bleeders, and others. Release liners find usage from prepreg manufacturing to composite part manufacturing through prepreg layup and infusion processes and are expected to remain the largest material type in the composite process materials market. This material type is also projected to witness the highes growth during the same period. Paper is the most preferred backing material type for release liners in the composites industry because of its excellent mechanical resistance and good caliper profile. The most widely used papers for composites are super-calendered kraft paper (also known as glassines) and clay coated kraft paper. Also, there is a significant usage of polyolefin-based release liners in prepreg manufacturing due to its excellent compatibility with epoxy resins.

North America is expected to remain the largest market

Among all the regions, 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 with the presence of many big to small composites 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 remain the fastest growing market during the same period. High growth of composites, upcoming indigenous commercial and regional aircraft and shift of prepreg plants to Asia are some of the key whys and wherefores behind the higher growth in the Asia-Pacific's market. China and India are expected to remain the growth engines of the Asia-Pacific 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 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:
● 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.
● Research Methodology

This report studies the Composite Process Materials Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o More than 500 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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