Composite Process Materials Market in the advanced material industry is Likely to Reach US$ 1,182.6 million in 2022

Launching announcement of a new research report on Composite Process Materials Market which is projected to reach US$ 1,182.6 million by 2022 - forecasted by Stratview Research. The study provides an in-depth 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, Infusion Process, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022

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Composite Process Materials Market: 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.

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.

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.

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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.

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.

The supply chain of this market comprises raw material suppliers, film suppliers, process material manufacturers, distributors, prepreg manufacturers, part molders, OEMs, and end-users. 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.

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

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