According to a new market report published by Lucintel, the future of the global composite surface film market looks promising with opportunities in the aerospace & defense, automotive and others industries. The global composite surface film 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 2% to 4% from 2020 to 2025. The major drivers for this market are increasing aircraft delivery and increasing penetration of composites in the structural components of aircraft.
Browse 65 market data tables and 89 figures spread through 179 pages and in-depth TOC on “Global Composite Surface Film Market"
To download report brochure, please go to https://www.lucintel.com/composite-surface-film-market.aspx and click "report brochure" tab from the menu.
In this market, different types of composite surface film such as fuselage, wings, empennage, other aerospace components, automotive body panels, and others are used as application type. On the basis of comprehensive research, Lucintel forecast that Fuselage will remain the largest application due to requirement of high quality surface finish and to reduce the effect of thermal cycling. Wing is expected to witness the highest growth over the forecast period due to the growing use of composites in wing components.
Within this market, surface preparation and protection, and surface films with LSP are the two major function of surface film. Surface preparation and protection will remain the largest segment due to its wider application area. Surface films with LSP segment is expected to witness highest growth over the forecast period due to its performance benefits, such as lightweight, higher processing efficiency, and offers lightning strike protection.
North America will remain the largest region over the forecast period due to the presence of all major aircraft OEMs and tier players. APAC is expected to witness the highest growth over the forecast period due to a growing production of aircraft models with higher composite content.
An Emerging trend, which has a direct impact on the dynamics of the global composite surface film industry, includes the development of surface film with higher shelf life and dual cure compatibility. 3M, Solvay, Henkel Corporation, Toray, and Park Electrochemical Corporation and others are among the major composite surface film manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global composite surface film market by end use industry, application, function type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Composite Surface Film 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 surface film market by end use industry, application, function type, and region as follows:
By End Use Industry [Value ($M) and (M Sq. Meters) from 2014 to 2025]:
Aerospace & Defense
Automotive Body Panels
Others
By Application Type [Value ($M) and Volume (M Sq. Meters) from 2014 to 2025]:
Fuselage
Wings
Empennage
Other Aerospace Components
Automotive Body Panels
Others
By Function Type [Value ($M) and Volume (M Sq. Meters) from 2014 to 2025]:
Surface Preparation and Protection
Surface Films with LSP
By Region [Value ($M) and Volume (M Sq. Meters) from 2014 to 2025]:
North America
Europe
Asia Pacific
The Rest of the World
This 179-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-surface-film-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.