Composite Film Market | Key players operating in the market include 3M, Henkel AG Co. KGaA, Hexcel Corporation, Gurit, Solvay

According to recent market research "Composite Film Market by Resin Type (Epoxy), Curing Type (Autoclave, Out-of-autoclave), Function (Lightning Strike Protection, Surface Protection), End-use Industry (Aerospace & Defense, Automotive), and Region - Global Forecast to 2025", The global composite film market size is expected to grow from USD 245 million in 2020 to USD 328 million by 2025, at a CAGR of 6.0% during the forecast period. Due to the increase in the demand for high-performance materials with properties such as high strength to weight ratio, good tensile strength, electrical conductivity among others, the global composite film market is expected to witness significant growth during the forecast period.

Browse 120 market data Tables and 51 Figures spread through 146 Pages and in-depth TOC on "Composite Film Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/composite-film-market-232995579.html

Epoxy resins are thermoset resins known for their excellent mechanical, electrical, and high-heat resistance properties. They are available in a wide range of curing-agent variations. They have better physical, mechanical, adhesion, and low shrinkage properties in comparison to other resin films. High strength and resistance to moisture are obtained when these epoxy resin films are applied to composite panels.

Autoclave curing type produces denser and void-free molding because high heat and pressure are used for its curing. Autoclaves are in high demand as it helps in producing high-value composite films, and are widely used in the aerospace industry to fabricate high strength-to-weight ratio parts for aircraft. This curing type method generally uses high-temperature matrix resins, such as epoxy, which has higher properties than conventional resins. Thus, autoclave curing is widely used in aerospace & defense, automotive, and other end-use industries.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=232995579

Composite films are used in a variety of end-use industries, including aerospace & defense, and automotive, among others. Led by strong end-user demand, the composite film industry is growing at a rapid pace. The global composite film market size is expected to grow from ~USD 245 million in 2020 to ~USD 328 million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period.

Over the past few years, companies have strengthened their position in the global composite film market by adopting strategies such as expansions, contracts, agreements, new product launches, and acquisitions. From 2015 to 2020, expansions and contracts have been the key strategies adopted by market players to maintain growth in the global composite film market. For instance, in July 2018, Solvay signed a contract with Airbus to supply advanced materials such as prepregs, resin systems, adhesives, and surfacing films, carbon fiber, textiles, tooling, etc. till 2025.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232995579

Major manufacturers profiled in this report include 3M(US), Henkel AG Co. KGaA(Germany), Hexcel Corporation(US), Gurit (Switzerland), Solvay(Belgium), Toray Industries, Inc. (Japan), Socomore(France), Park Aerospace Corp.(US), Axiom Materials Inc.(US), among others. These companies adopted various organic and inorganic growth strategies. For instance, in March 2018, Toray acquired TenCate Advanced Composites to accelerate the growth of advanced composites for both companies. This acquisition increased the demand for composite films and thus helped Toray sustain in the composite film market.

3M (US), Henkel AG Co. KGaA(Germany), Hexcel Corporation(US), Gurit (Switzerland), Solvay(Belgium) are major players in the composite film market. These companies are the largest growth contributors of the global composite film industry. These companies specialize in manufacturing composite films that have sustainable properties. For instance, Hexcel Corporation (US) specializes in manufacturing composite films, namely HexBond, for the composite film industry, globally.

Similarly, Solvay (Belgium) specializes in the manufacture of composite films for the composite film industry, globally. These companies are the key players present in the global composite film market and have a vast global presence.

Contact:

Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/composite-film.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/composite-film-market.asp

About MarketsandMarkets(TM)

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forsecasts of niche markets.

This release was published on openPR.