Composite Surfacing Films Market projected to reach US$ 320.3 million in the forecast period (2019-2024)
Request The Table of Contents through here:
Highlights of the Report:
The composite surfacing films market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 320.3 million in 2024. An organic growth of the aircraft industry coupled with an increased penetration of composites in the structural sections of the next-generation aircraft is the primary driver of the sustainable demand for composite surfacing films in the aerospace & defense industry. Airbus anticipated that there would be total deliveries of 37,390 aircraft worth US$ 5.8 trillion in the global marketplace during 2018-2037. Asia-Pacific and North America would be the largest demand generators with a combined share of 59.4% of the total aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.4% in air passenger traffic during 2018-2037 will chiefly drive the demand for the aircraft. This factor will create a sustainable demand for composite parts incorporating composite surfacing films for aircraft exteriors in the foreseeable future.
Get a free sample of the report:
The market is segmented based on the end-use industry type as Aerospace & Defense, Automotive, and Others. The aerospace & defense industry is expected to remain the growth engine of the market during the forecast period of 2019 to 2024. Increasing production rates of the key aircraft programs, such as B737, B787, A320, and A350XWB; introduction of variants of the best-selling aircraft programs (A320neo, B737 Max, B777x, and A330neo); market entry of new aircraft (C919 and MC-21); increasing demand for high-quality and lightweight components in the aerospace industry; and increasing penetration of composites in the aerospace industry are the major growth drivers of composite surfacing films in the aerospace & defense industry. Wind energy, automotive, and marine are the other major end-use industries of composite surfacing films.
Based on the application type, the market is segmented into Wings, Fuselage, Control Surfaces, Automotive Body Panels, and Others. The fuselage application segment is expected to maintain its dominance in the market during the forecast period, driven by increasing penetration of composites in the segment. The wings application is also likely to grow at an impressive rate in the coming five years.
Based on the curing type, the market is segmented into Autoclave and Out-of-Autoclave. A higher usage of the autoclave process by major tier players across regions has made the segment dominant in the composite surfacing films market. However, out-of-autoclave curing type is expected to witness a higher growth during the forecast period.
In terms of region, North America is expected to remain the largest market during the forecast period. The USA is the growth engine of the region’s market with the presence of all major aircraft OEMs, tier players, composite surfacing film suppliers, and raw material suppliers.
Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
The supply chain of this market comprises raw material suppliers, composite surfacing film manufacturers, composite part fabricators, distributors, aircraft and automotive OEMs, airlines, aircraft leasing companies, and MRO companies. The key composite surfacing film manufacturers are Solvay S.A., Koninklijke TenCate B.V., The 3M Company, Gurit Holding AG, Henkel AG & Co. KGaA, Hexcel Corporation, Park Electrochemical Corporation and Axiom Materials, Inc. The development of high-performance composite surfacing films, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Features of the Report
Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth
400 Renaissance Center,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Composite Surfacing Films Market projected to reach US$ 320.3 million in the forecast period (2019-2024) here
News-ID: 1832089 • Views: 207
More Releases from Stratview Research
The Aircraft Window Frame Market to reach US$ 133.3 million in 2023.
Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Aircraft Window Frame 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 Aircraft Window Frame Market. The analysts have scrupulously studied the trend and
The Aerospace Pressure Bulkheads Market to reach an estimated value of US$ 505.5 …
Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Aerospace Pressure Bulkheads 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 Aerospace Pressure Bulkheads Market. The analysts have scrupulously studied the trend and
The Aerospace Ducting Market to reach US$ 3.5 billion in 2024.
Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Aerospace Ducting 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 Aerospace Ducting Market. The analysts have scrupulously studied the trend and cautiously forecasted
The Aircraft Overhead Stowage Bins Market to reach an estimated value of US$ 501 …
Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Aircraft Overhead Stowage Bins 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 Aircraft Overhead Stowage Bins Market. The analysts have scrupulously studied the
More Releases for Composite
New commercial strategy for Windform® composite materials
The Windform® materials in the worldwide selection of powders for Additive Manufacturing are esteemed as top-level in outstanding performance and mechanical properties. The aim of CRP Technology is to ensure the highest quality in the manufacture of 3D printed components in Windform®. This has characterized the modus operandi of CRP Technology for over 20 years. For this reason, the company has revised its commercial policy: Windform® composite materials will no longer be
Global Composite Switches Market Insights, Forecast 2025
This report presents the worldwide Composite Switches market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=125541 Table of Contents 1 Study Coverage
Composite Kitchen Sinks Market
Dulcimer Instruction Market The Global Dulcimer Instruction Market 2019 Research Report incorporates a total and careful investigation of Dulcimer Instruction industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Dulcimer Instruction development patterns, assortment of uses, use volume, request and supply examination, creation limit and Dulcimer Instruction industry cost structures amid Forecast period from 2019 to 2025. The report titled Global Dulcimer Instruction Market 2019
Composite Repairs Market SWOT Overview 2025
Global Composite Repairs Market: Snapshot In the recent times, many governments across the world have emphasized on the conservation of monuments and old structures, which has led to a significant increase in investments in the rehabilitation of old constructions. This, consequently, is fueling the demand for composite repairs, worldwide. Commonly, composite repairs are performed on damaged parts of automotive panels, aircraft, hull and deck of boat, wind blades, bridges, panels used
Optaglio focuses on composite identity cards
Optaglio, the global leader in high-resolution security holograms, launched Optaglio OVConnect product for seamless integration of holograms into composite ID cards. This innovation complements unique patented solution for polycarbonate, OVMesh. “Our consultants are sometimes asked what is more suitable, polycarbonate or composite. It depends on the particular situation. A lot of factors play their role, but it seems that lifecycle is the key. If you can change cards each - let
Global Composite Structural Repairs Market Highlights 2022
Qyresearchreports include new market research report "Global Composite Structural Repairs Market Size,Status and Forecast 2025" to its huge collection of research reports. The global market for Composite Structural Repairs has been witnessing a transitional phase. With a highlight on these changes, this research study presents an in-depth analysis of the worldwide Composite Structural Repairs market during the period from 2018 to 2023. The market report provides a comprehensive picture of the latest