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

Stratview Research has launched a research report on Composite Preforms Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Composite Preforms Market from 2018 to 2023.

This report is segmented in five ways to provide a 360 degree holistic view. The segments are –
· by End-Use Industry Type (Aerospace, Defense, and Others),
· by Application Type (Tooling, Airframe, Nacelles, and Others),
· by Reinforcement Type (Unidirectional and Fabrics),
· by Curing Type (Autoclave, Out of Autoclave, and Other BMI Prepegs),
· by Region
o North America (Country Analysis: The USA, Canada, and Mexico)
o Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
o Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
o Rest of the World (Country Analysis: Latin America, the Middle East, and Others),

Stratview Research, has presented the study of Composite Preforms Market over the trend period of 2012 to 2017 and 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.
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.

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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.
Aerospace & defense is expected to remain the most dominant segment
The 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.
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.
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.

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 Preforms 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 700 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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