The newly launched report by Stratview Research, titled ‘Composite Process Materials Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026’ has been bifurcated by End-use Industry Type (Aerospace Defense, Wind Energy, Marine, Transportation, and Others), by Material Type (Vacuum Bagging Film, Release Liner, Peel Ply, Breathers Bleeders, and Others), by Application Type (Prepreg Manufacturing, Prepreg Layup, Infusion Process, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report the composite process materials market was estimated at USD .78 billion in 2020 and is likely to grow at a CAGR of 7.3% during 2021-2026 to reach USD 1.15 billion in 2026.
Market Highlights
Generally, process materials are considered waste as these materials are waste once composite parts are fabricated or prepreg is laid onto the mold. However, Stratview Research considers these materials as ‘Process Efficiency Enhancers’ which play a critical role in achieving the requisite performance of composite parts.
Process materials are used at two different levels: release liners used during prepreg manufacturing, and vacuum consumables used during composite parts manufacturing through manufacturing processes such as VARTM, Lite-RTM, prepreg layup/vacuum bag, and wet layup. Process materials consist of several materials including vacuum bagging film, release liner, peel ply, breathers bleeders, flow media, sealant tapes, fittings hoses, etc.
Vacuum consumables perform a major function of reducing surplus air and resin from the laminate and optimizing the fiber-resin ratio which results in improved performance and reduced VOC emissions. The demand for process materials in the composites industry is highly subjected to the performance of major end markets such as aerospace, wind energy, marine, and automotive.
The impact of the COVID-19 pandemic on the demand for process materials varies from industry to industry. For instance, aerospace defense emerged to be the biggest victims with demand falling over 30% in 2020. On the other hand, 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. Furthermore, the exceptional growth in the wind energy segment has partially offset the decline enumerated in other markets (aerospace defense, transportation, and marine).
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- Gain a deeper understanding of the market and the impact of Covid-19 on the market.
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- Gain a comprehensive view on the growth strategies of the key players.
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Key Players
The key players in the market are-
- 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).
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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