Composite Process Materials Market to experience an impressive growth of 7.2% during 2017-2022

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Composite Process Materials 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 Process Materials Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2017-2022.
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 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 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 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, VARTM Process and Others
• by Region : North America, Europe, Asia-Pacific, and RoW

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Market Segments
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.
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 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.
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.

Players
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.

Strongwell Corporation, Suzhou Grating Co., Ltd., Fibergrate Composite Structures Ltd., Bedford Reinforced Plastics, Inc., ChinaGrate Composite Structures (Nantong) Ltd., Valmont Industries, Inc., Meiser GmbH, and Grand Fiberglass Co., Ltd. are the major players in the global FRP grating market. Regional expansion, new product development, and an advancement in the pultrusion technology are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

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This release was published on openPR.