‘Braided Composites Market to become US$ 407.9 million opportunity in 2023’– Stratview Research Market Report

As per the latest market intelligence report published by Stratview Research, the Braided Composites Market is anticipated to reach at US$ 407.9 million by 2023.
The research studies Braided Composites Market in the trend period of 2012 to 2017 and forecasted period of 2018 to 2023 under five segments by End-Use Industry Type (Aerospace & Defense, Automotive, Sporting Goods, and Others), by Architecture Type (Biaxial, Triaxial, and Others), by Fiber Type (Carbon Composites and Other Composites), by Resin Type (Thermoset Composites and Thermoplastic Composites), and by Region (North America, Europe, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
The study finds –
 Aerospace & Defense is projected to remain the largest segment of the global braided composites market during the forecast period of 2018 to 2023.
 Triaxial braided composite is expected to remain the largest segment during the forecast period. It is the most preferred choice for over braiding of parts, owing to its superior performance.
 Carbon fiber is projected to remain the most dominant fiber type in the global braided composites market during the forecast period.
 North America is expected to remain the largest braided composites market during the forecast period, driven by the Aerospace & Defense industry.
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Braided Composites Market: Highlights
The braided composites market offers healthy growth opportunities in the entire ecosystem with an expected market size of US$ 407.9 million in 2023. Increasing production rates of the next-generation aircraft, such as A350XWB; increasing production of luxury and hybrid vehicles; increasing demand for lightweight parts with the purpose to enhance fuel efficiency or to reduce carbon emissions; rising concern over reducing VOC emissions; and an excellent performance of braided parts are the key factors propelling the demand for braided composites. Braiding makes composite parts stronger, damage tolerant, and stiffer. The technology is relatively easy to use and produces parts at a lower cost with superior performance. Furthermore, low VOC emission and minimal scrap rate are augmenting the technology’s adoption rate in the various industries.

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The global braided composites market is segmented based on end-use industry as Aerospace & Defense, Automotive, Sporting Goods, and Others. Aerospace & Defense is projected to remain the largest segment of the global braided composites market during the forecast period of 2018 to 2023. Fan case containment and fuselage frames are some of the major applications of braided composites in the aerospace & defense industry. Automotive is likely to remain the fastest-growing segment of the global braided composites market during the same period, propelled by increasing production rates of hybrid and luxury cars coupled with rising usage of composites.

Based on the architecture type, triaxial braided composite is expected to remain the largest segment during the forecast period. It is the most preferred choice for over braiding of parts, owing to its superior performance. Fan case containment is one of the major applications of triaxial braided composites.

Based on the fiber type, carbon fiber is projected to remain the most dominant fiber type in the global braided composites market during the forecast period. All the major end-use industries, such as aerospace & defense, automotive, and sporting goods, are predominantly using carbon fiber-braided composites, owing to their excellent weight reduction properties coupled with high-performance benefits.

Based on the regions, North America is expected to remain the largest braided composites market during the forecast period, driven by the Aerospace & Defense industry. The USA is projected to remain the growth engine of the North American braided composites market over the next five years. Europe is likely to be the fastest-growing braided composites market during the same period, primarily driven by increasing production rate of A350XWB and increasing demand for composite rich hybrid and luxury vehicles.

The supply chain of this market comprises raw material suppliers, braiders, braided composite part manufacturers, and OEMs. The key braided composite part manufacturers are GE Aviation, Airbus Group, BMW AG, Exelis Inc., Sigma Precision Components Ltd., and GKN Aerospace. New application development, the formation of mergers & acquisitions, and execution of long-term contracts with customers are the key strategies adopted by the key 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 input to the entire value chain of BMI Prepreg. The key features of the report are -
 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.
Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the chemicals and materials industry. Please refer to the following link to browse through the reports:
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