Press release
Composite Release Liners Market projected to reach US$ 704.7 million in the forecast period (2019-2024)
Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Composite Release Liners Market is expected to inflate at impressive CAGR by the forecast period (2019-2024).Request The Table of Contents through here:
https://www.stratviewresearch.com/toc/198/composite-release-liners-market.html
Highlights of the Report:
The global release liners market in the composites industry is projected to grow at a healthy rate during the forecast period to reach US$ 704.7 million in 2024. Increasing demand for prepreg in the aerospace & defense and automotive industries, recovering sports & leisure market, and sustainable growth in the wind energy market are some of the major growth drivers of the global composite release liners market.
Currently, composite applications account for less than 2% of the total release liners market but is certainly one of the fastest-growing applications in coming eons. To tap the growing market potential, major players are taking sheer interest to strengthen their product portfolio as well as executive strategic alliances.
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Market Segments:
The global composite release liners market is segmented based on the application type as Prepreg Manufacturing, VARTM (Vacuum Assisted Resin Transfer Molding) Process, Prepreg Layup Process, and Others. Prepreg manufacturing is expected to remain the most dominant application of release liners in the global composites industry over the next five years, driven by an increasing penetration of prepreg in many end-use industries, such as aerospace & defense, wind energy, transportation, and sports & leisure. For instance, the next-generation aircraft, such as B787 and A350XWB, incorporate about 50% composites of total structural weight in which majority of composite components are made utilizing prepreg materials. There is also a healthy growth expected from VARTM process-based applications.
Based on end-use industry type, the composite release liners market is segmented into Aerospace & Defense, Wind Energy, Sports & Leisure, Transportation, and Others. Aerospace & Defense is expected to remain the largest consumer of composite release liners during the forecast period. High use of prepreg to manufacture structural components is the prime driver of the material in the aerospace & defense industry. The transportation industry is expected to witness the highest growth in the same period, driven by an increasing penetration of composites in vehicles to enhance fuel efficiency for achieving stringent government regulations, such as CAFÉ standards.
Based on the backing type, the market is segmented into Super-Calendared Paper, Clay-Coated Paper, Machine-Glazed Kraft Paper, Polyolefin film, and Others. Paper is likely to remain the most preferred backing material type for composite release liners over the next five years because of its excellent mechanical resistance and good caliper profile. The most widely used papers for composites are super-calendared kraft paper (also known as glassines) and clay-coated kraft paper. Also, there is a significant usage of polyolefin-based release liners in prepreg manufacturing due to its excellent compatibility with epoxy resins.
Based on the regions, North America is expected to remain the largest market for composite release liners during the forecast period. The region is the world’s manufacturing capital of composites manufacturing with the presence of many large-to small-sized composites part molders. The region is also the hub of prepreg manufacturing with the presence of almost all the major prepreg manufacturers.
Europe is estimated to be the fastest-growing composite release liners market in the same period, primarily driven by an increasing penetration of advanced composites in the Aerospace & Defense and transportation industries. Major auto and aerospace OEMs are unraveling the challenges related to stringent government regulations regarding the fuel efficiency enhancements and the carbon emission reductions by incorporating advanced composites in the structural and semi-structural sections of their upcoming models. This is primarily driving the demand for composite materials in the region and so is release liners.
Asia-Pacific is also likely to offer sizeable growth opportunities over the next five years, propelled by a high growth of composites, upcoming indigenous commercial and regional aircraft, and a gradual shift of prepreg plants to Asia. China and India are expected to remain the growth engines of the Asia-Pacific’s market.
Market Players:
The supply chain of this market comprises raw material suppliers, film suppliers, release liner manufacturers, distributors, prepreg manufacturers, part molders, OEMs, and end-users. The key composite release liner manufacturers are Mondi Plc, Loparex LLC, Wausau Paper, Lintec Corporation, and Gascogne Laminates S.A. New product development, regional expansion, and long-term relation with prepreg manufacturers are some of 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
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