Composite Vacuum Consumables Market Analysis | 2024-2030

“The Composite Vacuum Consumables Market value was US$ 1 Billion in 2023 and is likely to grow at an impressive CAGR of 5.4% in the long run to reach US$ 1.6 Billion by 2030.”

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Market Dynamics

Introduction

Vacuum consumables are considered waste once composite parts are fabricated or prepreg is laid onto the mold. However, Stratview Research considers these materials as "Process Efficiency Enhancers" which play a critical role in achieving the requisite performance of composite parts.

Vacuum consumables include vacuum bagging film, release film, peel ply, breather & bleeder, pressure-sensitive tape, sealing tape, vacuum hose, vacuum pump, etc. Vacuum consumables are used during composite parts manufacturing through different processes, such as infusion, prepreg layup, filament winding, and wet layup. Vacuum consumables reduce surplus air and resin from the laminate, resulting in improved performance and reduced VOC emissions. They also optimize the fiber-resin ratio in composite part manufacturing.

Market Drivers

The demand for vacuum consumables in the composites industry is highly subjected to the performance of major end markets such as aerospace, wind energy, marine, and automotive. Key drivers include the increasing installation of wind turbines, growing demand for lightweight materials, and increasing penetration of composites in modern aircraft (B737Max, B787, B777x, A350XWB, A220, and A320neo) and automotive parts. 

Market Challenges

Some of the challenges in this market are the high manufacturing cost and the high skills required to manufacture composite parts using vacuum consumables.

Segments Analysis

By End-Use Industry Type

“Wind energy is expected to remain the largest end-use industry in the market during the forecast period.”

• Over the next five years, wind energy is expected to remain the biggest demand generator for vacuum consumables.

• Global capacity concentration on wind energy continues to grow, with significant investments in onshore and offshore wind farms. This demand is driving the need for high-quality composite materials used in turbine blades.

• GWEC reported that global installations reached 117 GW by 2023, an increase of 50% from 2022. Its 2024-2030 growth forecast was raised to 1,210 GW, up 10%, by national policy supporting, and offshore wind development.

• Aerospace & defense is likely to experience the highest growth during the forecast period, driven by a host of factors including high composites content per aircraft, especially in next-generation aircraft (B737Max, B787, B777x, A350XWB, A220, and A320neo); an expected rise in the production rates of key programs; market entry of new variants (B777x, etc.); and large aircraft fleet size.

By Material Type

“Vacuum bagging film is expected to remain the dominant material type in the market during the forecast period.”

• Vacuum bagging film plays a vital role in composite manufacturing, where it ensures smooth resin flow and reduces air trapping, making them desirable due to their durability and appearance effective for creating a closed environment.

• Release liner is expected to grow at the fastest rate during the forecast period. It is used in applications that require easy separation of materials, such as labels and adhesives. The versatility and functionality of release liners are accelerating their increasing adoption in the composite vacuum consumable market.

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By Application Type

“The infusion process is estimated to remain the largest application type in the market.”

• Key drivers are increasing penetration of composites in modern aircraft programs (having high usage of prepreg), impressive growth in wind turbine installations coupled with the trend of large-sized blades, and the emergence of advanced composites in the automotive industry.

• Almost all wind turbine blades are preferably fabricated through the infusion process, mainly VARTM. Marine (Recreational boats) are the next big user with applications such as hulls and decks, which are preferably fabricated through the infusion process.

• This process leads to the production of high-quality composites with good mechanical properties and few defects, which are essential for critical applications in the industry.

Regional Analysis

“Asia-Pacific is projected to remain the largest market during the forecast period.”

• Significant industrial expansion is taking place in the region, especially in wind energy aerospace, and automotive, leading to increased demand for the vacuum consumable market.

• China is the workhorse of the region, driving the region’s share significantly. In the country, there is a strong focus on localization of the process to substitute the import. Local players are expected to enhance their presence in the market during the forecast period.

• North America is currently the second-largest market and is likely to maintain its position in the years to come. The region has been the pioneer in the advanced composites industry with the presence of several small to large-sized OEMs, molders, vacuum consumable suppliers, and raw material suppliers.

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Key Players

The market is consolidated however there are domestic players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc.

The following are the key players in the composite vacuum consumables market (Based on Dominance)

• Airtech Advanced Materials Group
• Aerovac Composites One (Previously Process Materials Division of Solvay SA)
• Shanghai Leadgo-Tech Co., Ltd.
• Flextech S.R.L.
• Diatex S.A
• Zhejiang Youwei New Materials Co.
• Kejian Polymer Materials (Shanghai) Co., Ltd
• Metyx Composites
• Guarniflon SpA
• Precision Fabrics Group

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.

• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.

• Market trend and forecast analysis.

• Market segment trend and forecast.

• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.

• Attractive market segments and associated growth opportunities.

• Emerging trends.

• Strategic growth opportunities for the existing and new players.

• Key success factors.

Research Methodology

• This strategic assessment 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.

• The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market.

• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

• This report offers high-quality insights and is the outcome of a 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 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Recent Market News

• In March 2021, Composites One acquired the process materials business from Solvay S.A. in March 2021. The acquisition led the company to be the second-largest provider of process materials in the composites industry. The acquired business was rebranded as Aerovac.

• In June 2017, Flextech S.R.L., a composite-film solution provider based in Italy, was acquired by Ginegar Plastic Products, an Israeli company. This acquisition enhanced Ginegar's product portfolio and strengthened its presence in international markets.