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Composite Process Materials Market projected to grow at a healthy CAGR of 6.0%, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Composite Process Materials Market scenarios and has also estimated the Composite Process Materials Market projected to grow at a healthy CAGR of 6.0%. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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The composite process materials market is firstly segmented based on the end-use industry type as aerospace & defense, wind energy, transportation, marine, and others. A&D has been the biggest user of advanced composites as most of the composite parts are made of carbon fiber epoxy composites in the form of prepreg in the industry. As composite materials are witnessing a greater penetration in the latest aircraft, the demand for automation in the manufacturing processes is also raising. Process materials become necessary in most of the processes through which composite parts are made for the A&D industry. The automotive industry is projected to witness the highest growth in the same period, driven by increasing penetration of composites in automobiles to enhance fuel efficiency for achieving stringent government regulations, such as CAFÉ standards.
The composite process materials market is segmented based on the application type as prepreg manufacturing, infusion process, prepreg layup process, and others. Over the next five years, prepreg manufacturing is expected to remain the most dominant application of process materials in the composite industry. The increasing production of composite-rich aircraft with high prepreg usage, rising wind turbine installations with increased blade length, and surge in the penetration of advanced composites in structural applications of automobiles, are the major driving factors for process materials in prepreg manufacturing.
The composite process materials market is segmented based on the material type as vacuum bagging film, release liner, peel ply, breathers & bleeders, and others. The release liner is estimated to remain the largest and the fastest-growing material type in the composite process materials market over the next five years. Release liners are used during prepreg manufacturing as well as composite parts manufacturing through the VARTM, prepreg layup/vacuum bag, press molding, bladder molding, wet layup, etc. Also, the release liner can be used only once for making parts, which will result in its repeated demand and higher growth rate as compared to vacuum bagging films.

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Paper is the most preferred backing material type for release liners in the composites industry because of its excellent mechanical resistance and good caliper profile. The most widely used papers for composites are super-calendered kraft paper (also known as glassines) and clay-coated kraft paper. Also, there is significant use of polyolefin-based release liners in prepreg manufacturing in the wake of its excellent compatibility with epoxy resins. In terms of region, North America is expected to remain the largest market for composite process materials during the forecast period. The region is the world’s manufacturing capital of advanced composites manufacturing with the presence of many big to small composites part molders. The region is also the hub of prepreg manufacturing with the presence of almost all major prepreg manufacturers.
Europe is anticipated to grow at the highest rate in the market in the coming five years. Increasing production rates of the key commercial aircraft such as A320 and A350XWB, rise in the number of wind turbine installations, and the presence of several luxury car manufacturers with continuously increasing composites content are driving the European composite process materials market.
Asia-Pacific is also likely to grow at a healthy pace in the composite process materials market in the years to come. High growth of composites, upcoming indigenous commercial and regional aircraft and shift of prepreg plants to Asia are some of the key whys and wherefores behind the higher growth in the Asia-Pacific's market. China and India are expected to remain the growth engines of the Asia-Pacific market.

Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/226/composite-process-materials-market.html

Highlights of the Report:
The global process materials market in the composites industry is projected to grow at a healthy CAGR of 6.0% during the forecast period. Higher usage of composite materials in the next-generation aircraft, such as B787, A350XWB, and A220 with an increased penetration of prepreg materials; increasing penetration of composite materials in the automotive industry, mainly in luxury and electric vehicles with an increased demand for the infusion and prepreg layup processes; and sustainable growth in wind energy are giving an impetus to the demand for process materials in the composites industry.
The supply chain of this market comprises raw material suppliers, film suppliers, process material manufacturers, distributors, prepreg manufacturers, part molders, OEMs, and end-users. The key composite process material manufacturers are Airtech Advanced Materials Group, Solvay S.A., Mondi Plc, Loparex LLC, Wausau Paper, Lintec Corporation, and Gascogne Laminates. New product development, regional expansion, and long-term relation with customers are some of the key strategies adopted by the major players to gain a competitive edge in the market.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Composite Process Materials Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors
Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.

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