According to a new market report published by Lucintel, the future of the composite surface film market looks promising with opportunities in the aerospace & defense, and automotive end use. The global composite surface film market is expected to reach an estimated $343.0 million by 2027 with a CAGR of 7.3% from 2021 to 2027.
Browse 65 market data tables and 90 figures spread through 190 pages and in-depth TOC on “Global Composite Surface Film Market"
The major drivers for this market are increasing penetration of composites in the key aircraft programs, rising demand for the high quality surface finish and aerodynamic surface with reduced paint preparation activities and increasing use of composites in automotive.
In this market, surface films with lightning strike protection (LSP), and surface preparation and protection (SP) are the major functions of composite surface film. Lucintel forecasts that surface preparation and protection film will remain the largest segment over the forecast period due to its property of reduction in the post molding finishing processes, like pit filling and sanding, resulting in ease of painting procedures. Surface films with lightning strike protection are expected to witness the highest growth over the forecast period.
Within the composite surface film market, wings will remain the largest application segment over the forecast period due to increasing penetration of composites in the segment and higher penetration of composites in new airplane programs for light weight and fuel efficiency. Fuselage is also expected to witness the highest growth over the forecast period.
North America is expected to remain the largest region over the forecast period due to aircraft delivery and increasing penetration of composites in the structural components of aircraft. ROW is expected to witness the highest growth over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of carbon nanotube based LSP surface films and development of surface film with higher shelf life and dual cure compatibility. Solvay, 3M, Hexcel, Henkel, Axiom Materials, Toray, Gurit, and Park Electrochemical companies are among the major suppliers of composite surface films.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global composite surface film market by end use, application, function, cure, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Composite Surface Film 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 surface film market by end use, application, function, cure, and region, and region as follows:
By End Use [Value ($M) and Volume (M Sq. Meters) shipment analysis for 2016 – 2027]:
•Aerospace
•Automotive
•Others
By Application [Value ($M) and Volume (M Sq. Meters) shipment analysis for 2016 – 2027]:
•Fuselage
•Wings
•Empennage
•Automotive Body Panels
•Other Aerospace Parts
•Others
By Function [Value ($M) and Volume (M Sq. Meters) shipment analysis for 2016 – 2027]:
•LSP
•SP
By Cure Type [Value ($M) and Volume (M Sq. Meters) shipment analysis for 2016 – 2027]:
•Autoclave
•Out Of Autoclave
By Region [Value ($M) and Volume (M Sq. Meters) shipment analysis for 2016 – 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 190-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 write us at 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 potential, high growth opportunities for the global composite surface film market by end use (aerospace & defense, automotive, others) application (fuselage, wings, empennage, other aerospace components, automotive body panels, and others), function type (surface preparation and protection films, and surface films with LSP), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
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?