Braided Composites Market to reach US$ 407.9 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 Braided Composites 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 Braided Composites 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 Braided Composites Market: Highlights
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.

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, Automotive and Others
• by Architecture Type : Biaxial, Triaxial and Others
• by Fiber Type : Carbon Fiber and Other Fibers
• by Resin Type : Thermoset Resins and Thermoplastic Resins
• by Region : North America, Europe, Asia-Pacific, and RoW

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The Growth Prognosis & its Drivers
The global 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.


Market Segments
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.

Players
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.

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This release was published on openPR.