Covid-19 Impact on Composite Process Materials Market to Witness Steady Growth through 2026

Stratview Research has added a new research report on the ‘Composite Process Materials Market’ to its database. This report covers the top regions & countries of the world and shows the Industry size, influencing factors, competition, challenges, regional development status, market shares, revenue, and strategies to enhance growth. This report provides a pre-historic and future estimate for the segment and a comprehensive overview of the global market size, growth, supply, demand, share, and key stakeholders.

Market Insights

The composite process materials market witnessed a massive decline in 2020 but is estimated to bounce back swiftly, reaching a market value of US$ 1.15 billion in 2026.

Market Segments’ Analysis

Stratview Research has firstly 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 in 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.

In terms of regions, North America is expected to remain the largest market over the next five years. 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.

Key Players

The supply chain of this market comprises raw material manufacturers, distributors, and users. Some of the key players in the Composite Process Materials 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).

Why to invest in this report?

The present report provides critical insights into the market dynamics and enables strategic decision-making for the existing market players as well as those wanting to enter the market. This report provides market size information to assist with planning and deciding growth strategies. It also helps the users understand market dynamics to provide a deeper insight of industry competition and the supply chain.

The following are the key features of the report:

• Market composition: Outline, industry life cycle analysis, supply chain assessment
• Market situation assessment: Growth drivers and constraints
• Upcoming market trends and forecast assessment
• Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
• Attractive market segments and associated growth opportunities
• Strategic growth opportunities for the existing and new players
• Key success factors.

The Composite Process Materials Market is segmented by–

• Application Type
• Material Type
• End-Use Industry Type
• Region

Custom Research:

Stratview Research studies and reports on a number of industries across the globe. The clients rely on the information and data provided by Stratview Research to stay ahead of the pack and update themselves with the current and future trends affecting the industries. With this report on Composite Process Materials Market, Stratview research also offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. Website: https://www.stratviewresearch.com/