Product Code: CH 7578
"The composite film market is projected to register a CAGR of 6.0% during the forecast period."
The global composite film market size is projected to grow from USD 245 million in 2020 to USD 328 million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.0% between 2020 and 2025. In comparison to conventional materials such as aluminum steel, composite films offer strength, tenacity, density, and thermal and electrical conductivity, fatigue, and corrosion resistance properties. As such, composite films are preferred in high-performance applications in several end-use industries, driving the demand for composite films in various end-use industries.
"Epoxy resin films are the fastest-growing resin film type of composite film market in terms of value."
Epoxy resin films are projected to register the highest CAGR in terms of value between 2020 and 2025. Epoxy resins are thermoset resins known for their excellent mechanical, electrical, and high heat resistance properties. They are also available in a wide range of curing-agent variations. As they have a fast curing time in comparison to other resins, they are the preferred choice among the manufacturers. This factor drives the market growth of the epoxy resin film market.
"Autoclave curing type is the largest curing type segment of composite film, in terms of value and volume."
Autoclave curing type is the largest curing type segment in the composite film market. Autoclave curing type produces denser, and void-free molding because high heat and pressure are used for curing. High demand for autoclave exists in the composite film market as it helps in the production of high-value composite films that are widely used in the aerospace industry to fabricate high strength-to-weight ratio parts for aircraft. This is expected to drive the market for autoclave curing during the forecast period.
"Lightning strike protection is the fastest-growing function in the composite film market in terms of value."
The lightning strike protection function is projected to register the highest CAGR in terms of value between 2020 and 2025. The composite film protects the aircraft's composite structures from lightning strikes. Growth in the aerospace & defense industry would increase the demand for lightning strike protection composite film
"Aerospace & defense is the largest end-use industry of composite film, in terms of value."
The aerospace & defense end-use industry held the largest market share in 2019. According to Boeing's Commercial Market Outlook 2019-2038, airline passenger traffic will grow at a CAGR of 4.7% per year. This will lead to the rise in demand for more than 44,004 deliveries of new commercial aircraft in the next 20 years to cater to the demand in the coming two decades. 39% of all new aircraft will be delivered to airlines in the APAC region alone, whereas another 41% will go to carriers in North America and Europe, which in turn will increase the demand for composite films.
"North America dominated the composite film market."
North America is the largest composite film market in terms of value and volume in the global composite film market. APAC dominated the composites industry in 2018. The key reason for this includes the demand for composite films in the aerospace & defense industry in the region. The demand for composite films in aerospace & defense, automotive, and other industries is projected to grow due to product innovation and technological advances. The growth of the composite film industry in this region is further boosted by improved composite technology solutions and market penetration of composite films in various end-use industries.
This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:
- By Company Type - Tier 1- 35%, Tier 2- 40%, and Tier 3- 25%
- By Designation - C Level- 25%, Director Level- 35%, and Others- 40%
- By Region - North America- 20%, Europe- 35%, APAC- 25%, Latin America-5%, MEA-15%,
The report provides a comprehensive analysis of company profiles listed below:
- 3M (US)
- Henkel AG Co. KGaA (Germany)
- Hexcel Corporation (US)
- Gurit (Switzerland)
- Solvay (Belgium)
- Toray Industries, Inc. (Japan)
- Socomore (France)
- Park Aerospace Corp. (US)
- Axiom Materials Inc. (US)
Research Coverage:
This report covers the global composite film market and forecasts the market size until 2025. The report includes the following market segmentation - Resin Film Type (Epoxy and Other), Curing Type ( Autoclave, and Out-of-autoclave), Function Type (Lightning Strike Protection, Surface Protection, and Others), End-use Industry (Aerospace & Defense, Automotive, and Others) and Region (Europe, North America, APAC, Latin America, and MEA). Porter's Five Forces analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global composite film market.
Key Benefits of Buying the Report:
The report is expected to help market leaders/new entrants in this market in the following ways:
- 1. This report segments the global composite film market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
- 2. The report helps stakeholders understand the pulse of the composite film market and provides them with information on key market drivers, restraints, challenges, and opportunities.
- 3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.
Reasons to Buy the Report:
The report will help market leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall composite film market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 OBJECTIVES OF THE STUDY
- 1.2 MARKET DEFINITION
- 1.3 MARKET SCOPE
- 1.3.1 COMPOSITE FILM: MARKET SEGMENTATION
- 1.3.2 YEARS CONSIDERED FOR THE STUDY
- 1.4 CURRENCY
- 1.5 UNITS CONSIDERED
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Breakdown of primary interviews
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.3 DATA TRIANGULATION
- 2.4 RESEARCH ASSUMPTIONS
- 2.5 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES IN THE COMPOSITE FILM MARKET
- 4.2 COMPOSITE FILM MARKET, BY CURING TYPE AND REGION
- 4.3 COMPOSITE FILM MARKET, BY END-USE INDUSTRY
- 4.4 COMPOSITE FILM MARKET, BY RESIN FILM
- 4.5 COMPOSITE FILM MARKET, BY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Growing use of composites in the aerospace & defense industry
- 5.2.1.2 Increasing demand for lightweight materials and fuel-efficient vehicles from the automotive industry
- 5.2.2 RESTRAINTS
- 5.2.2.1 High risks related to the manufacturing process
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Increase in demand for smooth surfaces of aircraft
- 5.2.3.2 High demand for environmental-friendly electric vehicles
- 5.2.4 CHALLENGES
- 5.2.4.1 Developing low-cost technologies
- 5.3 PORTER'S FIVE FORCES ANALYSIS
- 5.3.1 THREAT OF NEW ENTRANTS
- 5.3.2 THREAT OF SUBSTITUTES
- 5.3.3 BARGAINING POWER OF SUPPLIERS
- 5.3.4 BARGAINING POWER OF BUYERS
- 5.3.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.4 PATENT ANALYSIS
6 MACROECONOMIC OVERVIEW AND KEY TRENDS
- 6.1 INTRODUCTION
- 6.2 TRENDS AND FORECAST OF GDP
- 6.3 TRENDS IN AEROSPACE INDUSTRY
- 6.4 TRENDS IN AUTOMOTIVE INDUSTRY
7 COMPOSITE FILM MARKET, BY RESIN FILM TYPE
- 7.1 INTRODUCTION
- 7.2 EPOXY
- 7.2.1 EXCELLENT CHEMICAL PROPERTIES HAVE LED TO THE INCREASED DEMAND FOR EPOXY
- 7.3 OTHERS
8 COMPOSITE FILM MARKET, BY CURING TYPE
- 8.1 INTRODUCTION
- 8.2 AUTOCLAVE
- 8.2.1 AUTOCLAVE PRODUCES HIGH-VALUE COMPOSITE FILMS FOR AEROSPACE & DEFENSE END-USE INDUSTRY
- 8.3 OUT-OF-AUTOCLAVE
- 8.3.1 OUT-OF-AUTOCLAVE CAN PROCESS LARGER COMPOSITE PANELS
9 COMPOSITE FILM MARKET, BY FUNCTION
- 9.1 INTRODUCTION
- 9.2 LIGHTNING STRIKE PROTECTION
- 9.2.1 INCREASING USE OF COMPOSITE FILM IN THE AEROSPACE & DEFENSE END-USE INDUSTRY TO DRIVE THE MARKET
- 9.3 SURFACE PROTECTION
- 9.3.1 SURFACE PROTECTION COMPOSITE FILM CATERS TO THE HUGE DEMAND FROM EUROPE
- 9.4 OTHER FUNCTIONS
10 COMPOSITE FILM MARKET, BY END-USE INDUSTRY
- 10.1 INTRODUCTION
- 10.2 AEROSPACE & DEFENSE
- 10.2.1 GROWTH IN AIRLINE PASSENGER TRAFFIC WOULD INCREASE THE DEMAND FOR COMPOSITE FILM
- 10.3 AUTOMOTIVE
- 10.3.1 AUTOMOTIVE SECTOR'S FOCUS ON REDUCING WEIGHT WOULD INCREASE THE DEMAND FOR COMPOSITE FILM
- 10.4 OTHERS
- 10.4.1 HIGH PERFORMANCE AND LOW WEIGHT TO DRIVE THE MARKET IN THIS SEGMENT
- 10.4.1.1 Civil construction
- 10.4.1.2 Marine
- 10.4.1.3 Wind energy
11 COMPOSITE FILM MARKET, BY REGION
- 11.1 INTRODUCTION
- 11.2 NORTH AMERICA
- 11.2.1 NORTH AMERICA: COMPOSITE FILM MARKET, BY RESIN FILM TYPE
- 11.2.2 NORTH AMERICA: COMPOSITE FILM MARKET, BY CURING TYPE
- 11.2.3 NORTH AMERICA: COMPOSITE FILM MARKET, BY END-USE INDUSTRY
- 11.2.4 NORTH AMERICA: COMPOSITE FILM MARKET, BY COUNTRY
- 11.2.4.1 US
- 11.2.4.1.1 The US has the presence of prominent aerospace OEMs that demand composite films
- 11.2.4.1.2 US: composite film market, by end-use industry
- 11.2.4.2 Canada
- 11.2.4.2.1 Aerospace & defense industry has the highest growth rate of composite film in Canada
- 11.2.4.2.2 Canada: composite film market, by end-use industry
- 11.3 EUROPE
- 11.3.1 EUROPE: COMPOSITE FILM MARKET, BY RESIN FILM TYPE
- 11.3.2 EUROPE: COMPOSITE FILM MARKET, BY CURING TYPE
- 11.3.3 EUROPE: COMPOSITE FILM MARKET, BY END-USE INDUSTRY
- 11.3.4 EUROPE: COMPOSITE FILM MARKET, BY COUNTRY
- 11.3.4.1 Germany
- 11.3.4.1.1 Germany is the largest market for composite film in Europe
- 11.3.4.1.2 Germany: composite film market, by end-use industry
- 11.3.4.2 France
- 11.3.4.2.1 The automotive industry is bolstering the demand for composite film in France
- 11.3.4.2.2 France: composite film market, by end-use industry
- 11.3.4.3 UK
- 11.3.4.3.1 High demand is witnessed for fuel-efficient and lightweight vehicles in the UK
- 11.3.4.3.2 UK: composite film market, by end-use industry
- 11.3.4.4 Italy
- 11.3.4.4.1 Prominent OEMs demand composites to make their vehicles lightweight and fuel-efficient
- 11.3.4.4.2 Italy: composite film market, by end-use industry
- 11.3.4.5 Spain
- 11.3.4.5.1 Spain is the second-largest manufacturer of cars in Europe
- 11.3.4.5.2 Spain: composite film market, by end-use industry
- 11.3.4.6 Russia
- 11.3.4.6.1 Aerospace & defense industry drives the market for composite film in Russia
- 11.3.4.6.2 Russia: composite film market, by end-use industry
- 11.3.4.7 Rest of Europe
- 11.3.4.7.1 Rest of Europe: composite film market, by end-use industry
- 11.4 APAC
- 11.4.1 APAC: COMPOSITE FILM MARKET, BY RESIN FILM TYPE
- 11.4.2 APAC: COMPOSITE FILM MARKET, BY CURING TYPE
- 11.4.3 APAC: COMPOSITE FILM MARKET, BY END-USE INDUSTRY
- 11.4.4 APAC: COMPOSITE FILM MARKET, BY COUNTRY
- 11.4.4.1 China
- 11.4.4.1.1 China is the fastest-growing market for composite film in APAC
- 11.4.4.1.2 China: composite film market, by end-use industry
- 11.4.4.2 Japan
- 11.4.4.2.1 The growing automotive industry is boosting the demand for composite film
- 11.4.4.2.2 Japan: composite film market, by end-use industry
- 11.4.4.3 India
- 11.4.4.3.1 India is a potential market for composites in APAC
- 11.4.4.3.2 India: composite film market, by end-use industry
- 11.4.4.4 South Korea
- 11.4.4.4.1 Growing focus on expansion and evolution of the aerospace industry to drive the market
- 11.4.4.4.2 South Korea: composite film market, by end-use industry
- 11.4.4.5 Rest of APAC
- 11.4.4.5.1 Rest of APAC: composite film market, by end-use industry
- 11.5 MIDDLE EAST & AFRICA (MEA)
- 11.5.1 MEA: COMPOSITE FILM MARKET, BY RESIN FILM TYPE
- 11.5.2 MEA: COMPOSITE FILM MARKET, BY CURING TYPE
- 11.5.3 MEA: COMPOSITE FILM MARKET, BY END-USE INDUSTRY
- 11.5.4 MEA: COMPOSITE FILM MARKET, BY COUNTRY
- 11.5.4.1 UAE
- 11.5.4.1.1 The UAE is the largest market for composite film in MEA
- 11.5.4.1.2 UAE: composite film market, by end-use industry
- 11.5.4.2 South Africa
- 11.5.4.2.1 High demand for composite films is witnessed in aerospace & defense industry
- 11.5.4.2.2 South Africa: composite film market, by end-use industry
- 11.5.4.3 Rest of MEA
- 11.5.4.3.1 Rest of MEA: composite film market, by end-use industry
- 11.6 LATIN AMERICA
- 11.6.1 LATIN AMERICA: COMPOSITE FILM MARKET, BY RESIN FILM TYPE
- 11.6.2 LATIN AMERICA: COMPOSITE FILM MARKET, BY CURING TYPE
- 11.6.3 LATIN AMERICA: COMPOSITE FILM MARKET, BY END-USE INDUSTRY
- 11.6.4 LATIN AMERICA: COMPOSITE FILM MARKET, BY COUNTRY
- 11.6.4.1 Brazil
- 11.6.4.1.1 The growing aerospace & defense end-use industry is boosting the market for composite film in Brazil
- 11.6.4.1.2 Brazil: composite film market, by end-use industry
- 11.6.4.2 Mexico
- 11.6.4.2.1 Mexico is the second-largest market for composite film in Latin America
- 11.6.4.2.2 Mexico: composite film market, by end-use industry
- 11.6.4.3 Rest of Latin America
- 11.6.4.3.1 Rest of Latin America: composite film market, by end-use industry
12 COMPETITIVE LANDSCAPE
- 12.1 INTRODUCTION
- 12.2 COMPETITIVE LEADERSHIP MAPPING
- 12.2.1 VISIONARY LEADERS
- 12.2.2 DYNAMIC DIFFERENTIATORS
- 12.2.3 EMERGING COMPANIES
- 12.2.4 INNOVATORS
- 12.3 STRENGTH OF PRODUCT PORTFOLIO
- 12.4 BUSINESS STRATEGY EXCELLENCE
- 12.5 MARKET RANKING
- 12.6 COMPETITIVE SCENARIO
- 12.6.1 NEW PRODUCT LAUNCH
- 12.6.2 CONTRACT
- 12.6.3 EXPANSION
- 12.6.4 AGREEMENT
- 12.6.5 ACQUISITION
13 COMPANY PROFILE
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat from Competition, Right to Win)*
- 13.1 3M
- 13.2 HENKEL AG. & CO. KGAA
- 13.3 HEXCEL CORPORATION
- 13.4 GURIT
- 13.5 SOLVAY
- 13.6 TORAY INDUSTRIES, INC.
- 13.7 SOCOMORE
- 13.8 PARK AEROSPACE CORP.
- 13.9 AXIOM MATERIALS INC.
- 13.10 NORTHERN COMPOSITES, LLC.
- 13.11 LINCOLN COMPOSITE MATERIALS, INC.
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat from Competition, Right to Win might not be captured in case of unlisted companies.
14 APPENDIX
- 14.1 DISCUSSION GUIDE
- 14.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
- 14.3 AVAILABLE CUSTOMIZATIONS
- 14.4 RELATED REPORTS
- 14.5 AUTHOR DETAILS
