Composite Vacuum Consumables Market is Forecasted to Reach US$ 1.6 billion in 2030, Says Stratview Research

The global composite vacuum consumables market is projected to witness a growth rate of 5.4% annually from 2024 to 2030, with an anticipated size of US$ 1.6 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global composite vacuum consumables market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 1.6 billion
Growth (CAGR): 5.4% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Composite Vacuum Consumables Market:
The global composite vacuum consumables market is segmented based on end-use industry type, material type, application type, and region.

Based on end-use industry type - The market is segmented into aerospace & defense, wind energy, marine, transportation, and others. Wind energy is expected to remain the largest end-use industry in the market during the forecast period. Over the next five years, wind energy is expected to remain the biggest demand generator for vacuum consumables.
Global capacity concentration on wind energy continues to grow, with significant investments in onshore and offshore wind farms. This demand is driving the need for high-quality composite materials used in turbine blades.
GWEC reported that global installations reached 117 GW by 2023, an increase of 50% from 2022. Its 2024-2030 growth forecast was raised to 1,210 GW, up 10%, by national policy supporting, and offshore wind development.
Aerospace & defense is likely to experience the highest growth during the forecast period, driven by a host of factors including high composites content per aircraft, especially in next-generation aircraft (B737Max, B787, B777x, A350XWB, A220, and A320neo); an expected rise in the production rates of key programs; market entry of new variants (B777x, etc.); and large aircraft fleet size.

Based on the material type - The market is segmented into vacuum bagging film, release liner, peel ply, breathers & bleeders, and others. Vacuum bagging film is expected to remain the dominant material type in the market during the forecast period. Vacuum bagging film plays a vital role in composite manufacturing, where it ensures smooth resin flow and reduces air trapping, making them desirable due to their durability and appearance effective for creating a closed environment.
Release liner is expected to grow at the fastest rate during the forecast period. It is used in applications that require easy separation of materials, such as labels and adhesives. The versatility and functionality of release liners are accelerating their increasing adoption in the composite vacuum consumable market.

Based on the application type - The market is segmented into prepreg layup, infusion process, and others. The infusion process is estimated to remain the largest application type in the market.
Key drivers are increasing penetration of composites in modern aircraft programs (having high usage of prepreg), impressive growth in wind turbine installations coupled with the trend of large-sized blades, and the emergence of advanced composites in the automotive industry.
Almost all wind turbine blades are preferably fabricated through the infusion process, mainly VARTM. Marine (Recreational boats) are the next big user with applications such as hulls and decks, which are preferably fabricated through the infusion process. This process leads to the production of high-quality composites with good mechanical properties and few defects, which are essential for critical applications in the industry.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is projected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-
- Significant industrial expansion is taking place in the region, especially in wind energy aerospace, and automotive, leading to increased demand for the vacuum consumable market.
- China is the workhorse of the region, driving the region's share significantly. In the country, there is a strong focus on localization of the process to substitute the import. Local players are expected to enhance their presence in the market during the forecast period.
- North America is currently the second-largest market and is likely to maintain its position in the years to come. The region has been the pioneer in the advanced composites industry with the presence of several small to large-sized OEMs, molders, vacuum consumable suppliers, and raw material suppliers.

Composite Vacuum Consumables Market Drivers:

Some of the key drivers listed in the report are given below.
- The demand for vacuum consumables in the composites industry is highly subjected to the performance of major end markets such as aerospace, wind energy, marine, and automotive.
- Key drivers include the increasing installation of wind turbines, growing demand for lightweight materials, and increasing penetration of composites in modern aircraft (B737Max, B787, B777x, A350XWB, A220, and A320neo) and automotive parts.

Top Companies in the Composite Vacuum Consumables Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Airtech Advanced Materials Group
• Aerovac Composites One (Previously Process Materials Division of Solvay SA)
• Shanghai Leadgo-Tech Co., Ltd.
• Flextech S.R.L.
• Diatex S.A
• Zhejiang Youwei New Materials Co.
• Kejian Polymer Materials (Shanghai) Co., Ltd
• Metyx Composites
• Guarniflon SpA
• Precision Fabrics Group

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Composite Vacuum Consumables Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.