Composite Process Materials Market is Forecasted to Reach US$ 1.15 billion in 2026, Says Stratview Research

The global composite process materials market is projected to witness a growth rate of 7.3% annually from 2021 to 2026, with an anticipated size of US$ 1.15 billion by 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global composite process materials 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 2026: US$ 1.15 billion
Growth (CAGR): 7.3% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Composite Process Materials Market:
The global composite process materials market is segmented based on end-use industry type, material type, application type, and region.

Based on end-use industry type - Stratview Research has first segmented the composite process materials market based on the end-use industry type as aerospace & defense, wind energy, marine, transportation, and others. Aerospace & defense is expected to remain the largest segment of the market over the next five years. Although the segment has been severely hit by the pandemic, it is likely to maintain its supremacy driven by a host of factors including an expected recovery in aircraft production, increasing penetration of composites in the modern aircraft programs (B787, A350XWB, and A220), high dominance of prepreg materials in the aerospace composites; and growing demand for the automation in the manufacturing processes. Wind energy also holds a reasonable share of the market and has been gaining traction over the past few years. It was the only segment that witnessed growth amid the COVID-19 pandemic.

Based on the material type - the composite process materials market is segmented as vacuum bagging film, release liner, peel ply, breathers & bleeders, and others. The release liner is estimated to maintain its huge dominance in the market and is also expected to experience the quickest recovery during the forecast period. SCK paper-based release liner held a strong dominance in the market. The vacuum bagging film segment also offers sizable opportunities in the market.

Based on the application type - The market is segmented as prepreg manufacturing, prepreg layup, infusion process, and others. Prepreg manufacturing is estimated to remain the largest segment of the market and is also expected to experience the highest growth over the next five years. 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.

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 North America is expected to remain the largest market over the next five years. This growth outlook is majorly attributed to the following-
- The region has been the pioneer in the advanced composites industry with the presence of several small to large-sized OEMs, molders, process material suppliers, and raw material suppliers.
- Asia-Pacific is expected to be the fastest-growing market in the post-pandemic market developments.
- China is the workhorse of the region, driving the region's share significantly.

Composite Process Materials Market Drivers:

Some of the key drivers listed in the report are given below.
- The wind energy industry flourished with a robust growth of mid-teens in 2020 propelled by huge wind turbine installations in China and the USA.
- The exceptional growth in the wind energy segment has partially offset the decline enumerated in other markets.

Top Companies in the Composite Process Materials Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Airtech Advanced Materials Group
• Diatex S.A
• Gascogne Group
• Lintec Corporation,
• Loparex LLC
• Mondi Plc
• Precision Fabrics Group
• Sappi Limited
• Solvay SA
• The 3M Company
• Wausau Paper (Part of Essity).

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Composite Process Materials 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.