Composite Vacuum Consumables Market to reach US$ 634.4 million during the coming years (2018-2023)

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Composite Vacuum Consumables Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Composite Vacuum Consumables Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2018-2023.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The Global Composite Vacuum Consumables Market: Highlights
Vacuum consumables prove to be decisive in some of the manufacturing processes including VARTM and prepreg layup in fabricating composite parts with high mechanical performance including the excellent surface finish. Vacuum consumables are the most widely used consumables in the composites industry and these materials also assist composite part fabricators to enhance the overall process efficiency. Over a period of time, vacuum consumables have witnessed a disruptive journey with significant changes happening on the improvements in materials and technologies. Major players have developed innovative vacuum consumables, such as reusable silicone bag membrane, targeting many existing un-filled industry requirements including the low-cost system and multiple usabilities of bags.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• by Material Type : Vacuum Bagging Film, Release Film and Others
• by Application Type : Prepreg Layup Process, VARTM Process and Others
• by End-Use Industry Type : Aerospace & Defense, Wind Energy and Others
• by Region : North America, Europe, Asia-Pacific, and RoW

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The Growth Prognosis & its Drivers
The global composite vacuum consumables market is expected to experience a healthy growth rate over the next five years to reach US$ 634.4 million in 2023. Composites are one of the most versatile materials with the availability of various manufacturing processes. The overall performance of composite parts is highly correlated with the selection of manufacturing process.

Market Segments
Based on the end-use industry type, the market is segmented into Aerospace & Defense, Wind Energy, Marine, Transportation, and Others. Aerospace & defense is expected to remain the largest segment of the composite vacuum consumables market during the forecast period. High use of prepreg lay-up process for manufacturing structural composite components is the prime driver of the higher demand for vacuum consumable in the aerospace & defense industry.

Based on the regions, North America is expected to remain the largest market for composite vacuum consumables during the forecast period. The region is the world’s capital of composite manufacturing with the presence of several small- to large-sized composite part molders. It is the largest composites market for aerospace & defense, transportation, and marine industries and is also one of the leading wind composite markets.

Asia-Pacific is likely to be the fastest-growing market for composite vacuum consumables for the same period. High growth of composites, a gradual shift of manufacturing base from the developed economies to the developing Asian economies, the formation of large number of strategic alliances with the Asian companies to set up their facilities in this region, and upcoming indigenous commercial and regional aircraft are some of the key whys and wherefores behind the massive growth in the Asia-Pacific region. China, Japan, and India are expected to remain the growth engines of the Asia-Pacific’s market.

Players
The supply chain of this market comprises raw materials suppliers, film suppliers, vacuum consumables manufacturers, distributors, part molders, OEMs, and end users. The global composite vacuum consumable is a highly consolidated market. The key Composite vacuum consumables manufacturers are Airtech International, Cytec Solvay Group (Umeco Plc), and Diatex S.A. New product development, regional expansion, and the formation of long-term relationships with prepreg manufacturers are the key strategies adopted by the key players to gain a competitive edge in the market.

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This release was published on openPR.