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 preform market is expected to reach an estimated $277.4 million by 2027 with a CAGR of 7.2% from 2021 to 2027. 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.
In this market, carbon fiber and glass fiber are the major type of composite preform. Lucintel forecasts carbon fiber based preform will remain the largest segment over the forecast period due to its lightweight and high strength capabilities. Glass fiber is expected to witness the highest growth over the forecast period
Within the composite preform market, aerospace will remain the largest end use segment and is also expected to witness the highest growth over the forecast period due to increasing usage of preforms in turbofan engines and fuselage frames of commercial aircrafts and stator vane of jet engines.
North America is expected to remain the largest region over the forecast period due to due to presence of aero-engine manufacturers, aerospace composite part fabricators, and OEMs. APAC is expected to witness the highest growth over the forecast period.
Emerging trend, which has a direct impact on the dynamics of the industry, include manufacturing of 3D carbon fiber preforms by using digital technology and control system engineering. Albany International, A & P Technology, TEAM Textile, SGL Kumpers, Bally Ribbon Mills, SAERTEX, 3Tex, and Eurocarbon are among the major suppliers of the composite preforms market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global composite preform market by end use, technology, fiber type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Composite Preform Market 2022-2027: 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 preform market by end use, technology, fiber type, and region as follow:
By End Use [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
Aerospace
Automotive
Consumer Goods
Infrastructure
Medical
Marine
By Technology [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
Weaving
Braiding
Stitching
Knitting
By Fiber Type [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
Carbon Fiber
Glass Fiber
Others
By Region [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
North America
Europe
Asia Pacific
The Rest of the World
This 147-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 www.lucintel.com/composite-preforms-market.aspx 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.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth in the global composite preforms market by end use (aerospace, automotive, consumer goods, infrastructure, medical and marine), technology (weaving, braiding, stitching, and knitting), fiber type (carbon fiber, glass fiber, and others) and region (North America, Europe, Asia Pacific and ROW)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?