The Market of Composite Vacuum Consumables to grow beyond US$ US$ 656.3 million by 2024

The new report of Stratview Research analyses the Composite Vacuum Consumables Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

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The Composite Vacuum Consumables Market: Highlights
Composites are one of the most versatile materials with the availability of various manufacturing processes. The overall performance of composite parts is highly dependent on the selection of the manufacturing process. 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 excellent surface finish.

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$ 656.3 million in 2024, propelled a host of factors including an increasing penetration of prepreg materials in the aerospace & defense and automotive industries, recovering marine market, and a sustainable growth in the wind energy.

Market Segments
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 the eons, vacuum consumables had 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.

Vacuum consumables comprise many consumables, such as vacuum bagging film, release film, peel ply, breather & bleeder, pressure-sensitive tape, sealing tape, vacuum hose, and vacuum pump. Vacuum bagging film and release film are expected to remain the key vacuum consumable types over the next five years. Both major manufacturing processes; VARTM and prepreg lay-up, are heavily relied on vacuum bagging film and release film during parts manufacturing.

There are many composite manufacturing processes where vacuum consumables play a crucial role in parts manufacturing, such as prepreg lay-up (autoclave and oven), vacuum-assisted resin transfer molding (VARTM), wet lamination, and glass laminating. Prepreg layup process is expected to remain the most dominant application of composite vacuum consumables in the next five years, driven by the Aerospace & Defense and transportation industries.

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. The next-generation aircraft, such as B787 and A350XWB, contain about 50% composites of the total structural weight of the aircraft in which the majority is manufactured through prepreg material.

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 composites 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. These all four markets will continue to generate a healthy demand for vacuum consumables in the region in the coming years.

Market Players
The supply chain of this market comprises raw materials suppliers, film suppliers, vacuum consumable 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 Advanced Materials Group, Solvay S.A. (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.

Comprehensive Market Coverage
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This release was published on openPR.