Composite Process Material Kits Market is Forecasted to Reach US$ 147 million in 2027, Says Stratview Research

The global composite process material kits market is projected to witness a growth rate of 8.8% annually from 2022 to 2027, with an anticipated size of US$ 147 million by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global composite process material kits 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 2027: US$ 147 million
Growth (CAGR): 8.8% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Composite Process Material Kits Market:
The global composite process material kits market is segmented based on end-use industry type, kit type, process type, and region.

Based on end-use industry type - The market is segmented into aerospace & defense, wind energy, marine, transportation, and others. Aerospace & defense is expected to remain the biggest demand generator for vacuum consumable kits over the next five years and is also likely to experience the highest growth during the forecast period too driven by a host of factors including an expected recovery in aircraft production, high preference of kits than that of other industries, increasing penetration of composites in the modern aircraft programs, high dominance of prepreg materials in the aerospace composites; and growing demand for the automation in the manufacturing processes. Wind energy is also expected to offer sizeable opportunities in the years to come. It was the only segment that witnessed growth amid the COVID-19 pandemic's wrath.

Based on the kit type - the composite process material kits market is segmented as pre-cut shapes, combination kits, welded kits, and others. Pre-cut shape is the most preferred kit type in the market, whereas welded kit is expected to grow at the fastest rate during the forecast period. Pre-cut shaped kits are used for wind turbine blades. They are easy to handle, reducing the requirements for mechanical lifting equipment, ultimately resulting in cost savings.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/2887/composite-process-material-kits-market.html

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 Material Kits Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing acceptance of kits over standard rolls, especially in crucial parts paired with the ongoing recovery of major end-use markets.

Top Companies in the Composite Process Material Kits Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Airtech Advanced Materials Group
• Aerovac Composites One
• Shanghai Leadgo-Tech Co., Ltd.
• Diatex SAS
• InCom Group
• Metyx Composites
• GEFiM
• Pro-Vac Vacuum Consumables
• Velocity Composites plc

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Composite Process Material Kits 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?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Composite Structural Material Kits Market: https://www.stratviewresearch.com/2888/composite-structural-material-kits-market.html

• Prepreg Market: https://www.stratviewresearch.com/1059/prepreg-market.html

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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.
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This release was published on openPR.