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Composite Process Materials Market is Likely to to reach US$ 774.8 million Over the Next Five Years

05-20-2019 01:38 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Stratview Research

Stratview Research

Stratview Research has launched a new research report on Composite Process Materials Market report segments the market in five ways to provide a 360-degree holistic view.
The forecast of the market has been segmented by-
• by End-Use Industry Type: (Aerospace & Defense, Wind Energy and Others),
• by Material Type: (Vacuum Bagging Film, Release Liner and Others),
• by Application Type: (Prepreg Manufacturing, Prepreg Layup Process and Others),
• Region
o North America
o Europe
o Asia – Pacific
o Rest of the World

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Composite Process Materials Market.
Years considered for this report -
• base year 2017
• trend period 2011 - 2016
• forecast period 2017 - 2022

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The Global 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.
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.

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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 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 market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
• Extensive secondary research,
• Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
• Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
• More than 1000 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.

Stratview Research has several high value market reports in the chemicals and materials industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Chemicals & Materials Industry:

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. We are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.

Stratview Research
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Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176

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