Composite Vacuum Consumables Market
This report, from Stratview Research, provides a comprehensive analysis that reflects today’s composite vacuum consumables market realities and future market possibilities for the forecast period of 2019 to 2024. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies.
The Composite Vacuum Consumables Market: Highlights
The global composite vacuum consumables market is expected to experience a healthy growth rate over the next five years to reach US$ 656.3 million in 2024, propelled a host of factors including an increasing penetration of prepreg materials in the aerospace & defense and automotive industries, recovering marine market, and a sustainable growth in the wind energy.
Composites are one of the most versatile materials with the availability of various manufacturing processes. The overall performance of composite parts is highly dependent on the selection of the manufacturing process. Vacuum consumables prove to be decisive in some of the manufacturing processes including VARTM and prepreg layup in fabricating composite parts with high mechanical performance including excellent surface finish.
Vacuum consumables are the most widely used consumables in the composites industry and these materials also assist composite part fabricators to enhance the overall process efficiency. Over the eons, vacuum consumables had witnessed a disruptive journey with significant changes happening on the improvements in materials and technologies. Major players have developed innovative vacuum consumables, such as reusable silicone bag membrane, targeting many existing un-filled industry requirements including the low-cost system and multiple usabilities of bags.
Vacuum consumables comprise many consumables, such as vacuum bagging film, release film, peel ply, breather & bleeder, pressure-sensitive tape, sealing tape, vacuum hose, and vacuum pump. Vacuum bagging film and release film are expected to remain the key vacuum consumable types over the next five years. Both major manufacturing processes; VARTM and prepreg lay-up, are heavily relied on vacuum bagging film and release film during parts manufacturing.
There are many composite manufacturing processes where vacuum consumables play a crucial role in parts manufacturing, such as prepreg lay-up (autoclave and oven), vacuum-assisted resin transfer molding (VARTM), wet lamination, and glass laminating. Prepreg layup process is expected to remain the most dominant application of composite vacuum consumables in the next five years, driven by the Aerospace & Defense and transportation industries. Prepreg layup process offers several benefits including an ability to fabricate complex parts, high mechanical strength, high-temperature resistance, and excellent fatigue strength. VARTM is another process that also holds a considerable share of the market and is the process of choice for fabricating large-sized components with complex structure. The process is widely preferred in the wind energy for manufacturing longer wind turbine blades and in the marine industry, for manufacturing boat’s hull and deck. It is also preferred in the automotive industry for manufacturing structural parts.
Based on the end-use industry type, the market is segmented into Aerospace & Defense, Wind Energy, Marine, Transportation, and Others. Aerospace & defense is expected to remain the largest segment of the composite vacuum consumables market during the forecast period. High use of prepreg lay-up process for manufacturing structural composite components is the prime driver of the higher demand for vacuum consumable in the aerospace & defense industry. The next-generation aircraft, such as B787 and A350XWB, contain about 50% composites of the total structural weight of the aircraft in which the majority is manufactured through prepreg material.
The transportation segment is expected to experience the highest growth for the same period. The stringent government regulations are forcing auto OEMs to incorporate advanced lightweight materials in the structural areas of an automobile. This trend is driving composite penetration, especially in electric vehicles and premium vehicles, to enhance fuel efficiency and to achieve stringent government regulations, such as CAFÉ standards.
Based on the regions, North America is expected to remain the largest market for composite vacuum consumables during the forecast period. The region is the world’s capital of composites manufacturing with the presence of several small- to large-sized composite part molders. It is the largest composites market for aerospace & defense, transportation, and marine industries and is also one of the leading wind composite markets. These all four markets will continue to generate a healthy demand for vacuum consumables in the region in the coming years.
Asia-Pacific is likely to be the fastest-growing market for composite vacuum consumables for the same period. High growth of composites, a gradual shift of manufacturing base from the developed economies to the developing Asian economies, the formation of a large number of strategic alliances with the Asian companies to set up their facilities in this region, and upcoming indigenous commercial and regional aircraft are some of the key whys and wherefores behind the massive growth in the Asia-Pacific region. China, Japan, and India are expected to remain the growth engines of the Asia-Pacific’s market.
The supply chain of this market comprises raw materials suppliers, film suppliers, vacuum consumable manufacturers, distributors, part molders, OEMs, and end-users. The global composite vacuum consumable is a highly consolidated market. The key Composite vacuum consumables manufacturers are Airtech Advanced Materials Group, Solvay S.A. (Umeco Plc), and Diatex S.A. New product development, regional expansion, and the formation of long-term relationships with prepreg manufacturers are the key strategies adopted by the key players to gain a competitive edge in the market.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 500 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The composite vacuum consumables market is segmented into the following categories.
Composite Vacuum Consumables Market by Material Type:
Composite Vacuum Consumables Market by Application Type:
Composite Vacuum Consumables Market by End-Use Industry Type:
Composite Vacuum Consumables Market by Region:
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