Opportunities for the composite performs market to grow with a CAGR of 4% to 6% from 2020 to 2025

   August 24, 2020
According to a new market report published by Lucintel, the future of the composite preforms market looks promising with opportunities in aerospace, automotive, consumer goods, infrastructure, medical, and marine industries. The global composite preforms market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this market are increasing usage of composite materials in the aerospace and automotive industries, and growing demand of composite preforms to manufacture complex structure and shorten part cycle time.

Browse 58 market data tables and 114 figures spread through 149 pages and in-depth TOC on “Global Composite Preforms Market"

To download report brochure, please go to https://www.lucintel.com/composite-preforms-market.aspx and click "report brochure" tab from the menu.

In this market, different types of composite preforms such as carbon fiber, glass fiber, and others are used as fiber type. On the basis of its comprehensive research, carbon fiber based preform will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to its lightweight and high strength capabilities.

Within this market, composite preforms for aerospace and defense will remain the largest end use industry due to increasing usage of preforms in turbofan engines and fuselage frames of commercial aircrafts and stator vane of jet engines. Automotive is expected to witness the highest growth over the forecast due to increasing penetration of composites in structural part of vehicle and growing demand of composite preform to shorten part cycle time..

North America will remain the largest regions due to presence of aero-engine manufacturers, aerospace composite part fabricators, and OEMs. Europe is expected to witness the highest growth over the forecast period due to increasing production of A350WXB and A320.

Emerging trend, which has a direct impact on the dynamics of the composite preforms industry, includes manufacturing of 3D carbon fiber preforms by using digital technology and control system engineering. Albany International Corp, A & P Technology, TEAM Textile. SGL Kumpers, Bally Ribbon Mills, SAERTEX, 3Tex, and Eurocarbon are among the major composite preforms manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global composite preforms market by end use industry, technology, fiber type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Composite Preforms Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global composite preforms market by end use industry, technology, fiber type, and region as follows:

By End Use Industry ($ million shipment analysis from 2014 to 2025):

  • Aerospace

  • Automotive

  • Consumer Goods

  • Infrastructure

  • Medical

  • Marine

By Technology ($ million shipment analysis from 2014 to 2025):

  • Weaving

  • Braiding

  • Stitching

  • Knitting

By Fiber Type ($ million shipment analysis from 2014 to 2025):

  • Carbon Fiber

  • Glass Fiber

  • Others

By Region ($ million shipment analysis from 2014 to 2025):

  • North America

  • Europe

  • Asia Pacific

  • The Rest of the World

This 149-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/composite-preforms-market.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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