29-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Composite Film Market By Resin Type (Epoxy and Others), By Curing Type (Autoclave and Out-of-autoclave), By Function (Lightning Strike Protection, Surface Protection, and Others), By End-Use Industry (Aerospace & Defense, Automotive, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Composite Film market in 2019 was approximately USD 229 Million. The market is expected to grow at a CAGR of 6.5% and is anticipated to reach around USD 356.5 Million by 2026.
Composite films are being used in the aerospace industry over more than seven decades. The composite help avoids undesirable flaws and provides protection against the lightning strike and UV radiation.
Browse the full “Composite Film Market By Resin Type (Epoxy and Others), By Curing Type (Autoclave and Out-of-autoclave), By Function (Lightning Strike Protection, Surface Protection, and Others), By End-Use Industry (Aerospace & Defense, Automotive, and Others), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-composite-film-market-by-resin-type-epoxy-958
Market Drivers:
The demand for lightweight and stronger materials in the aerospace & defense, automotive, and other end-use industries has increased the demand for composite film across the globe. The rising use of composite film in the fuel-efficient vehicle in the automotive sector is anticipated to boost the growth of the global Composite Film market. Apart from this, the growing demand for high-quality surface finish with lower imperfections and paint preparation activities plus the aerodynamic surface creates ample growth opportunities for the Composite Film market.
Market Segment Dominance:
- The epoxy resin film is projected to lead the Composite Film market
Epoxy resins have supreme functional properties such as high mechanical, electrical, and heat-resistance properties that are anticipated to increase its demand in the market across the world. In addition, the curing-agent property of epoxy resins is likely to increase its sales, thereby boosting the growth of the global Composite Film market.
- Autoclave curing type accounts for the largest market share in the global Composite Film market
Autoclave curing type uses heat and pressure to produce denser and void-free molds and in turn, helps add more incentives to the market share of the global Composite Film market. Additionally, the high demand for autoclaves is increasing owing to the growing requirement for high-value composite films and the extensive application of composite film in the aerospace industry. This curing type method’s extensive use in the aerospace & defense, automotive, and other end-use industries is projected to accelerate the growth of the Composite Film market.
- Lightning strike protection function accounts for the largest market share in the global Composite Film market
The increasing utilization of composite film in the aerospace & defense industry owing to its lightning strike protection property is expected surge the demand for composite films. The manufacturing new aircraft is anticipated to increase the demand for composite film in the coming years.
- Aerospace & defense end-use industry is projected to lead the global Composite Film market
The aerospace & defense industry is estimated to utilize endless amount of composite films, thereby surging the market growth. The composite film is used in fuselage, tail fin, wings, tail, wing box, engine, and other structural parts of an aircraft. On the other hand, the rising environmental concerns and demand for high strength, lightweight materials are expected to increase the sales of composite film in the aerospace & defense and automotive sector.
Regional Dominance:
- North America holds the largest market share in the Composite Film market
North America is expected to dominate the global Composite Film market during the forecast period. The growth is attributed to the rising demand for composite films in the aerospace & defense industry in the region. In addition to this, the rising demand for product innovation and technological advances in the aerospace & defense, automotive, and other industries is projected to improve the market in this sector.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 229 Million |
Projected Market Size in 2026 |
USD 356.5 Million |
CAGR Growth Rate |
6.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Henkel AG Co. KGaA, 3M, Gurit, Axiom Materials Inc., Toray Industries Inc., Hexcel Corporation, Socomore, Park Aerospace Corp, Solvay, and Others |
Key Segment |
By Resin Film Type, Curing Type, Function, End-Use Industry, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Key Market Players:
Some of the key players in the global Composite Film market include Henkel AG Co. KGaA, 3M, Gurit, Axiom Materials Inc., Toray Industries, Inc., Hexcel Corporation, Socomore, and Park Aerospace Corp, Solvay.
This report segments the global Composite Film market as follows:
Global Composite Film Market: Resin Film Type Segmentation Analysis
Global Composite Film Market: Curing Type Segmentation Analysis
- Autoclave
- Out-of-autoclave
Global Composite Film Market: Function Segmentation Analysis
- Lightning Strike Protection
- Surface Protection
- Others
Global Composite Film Market: End-Use Industry Segmentation Analysis
- Aerospace & defense
- Automotive
- Others
Global Composite Film Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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