Market Insights
Vacuum consumables are considered as 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 process, prepreg layup process, filament winding, and wet layup. Vacuum consumables perform a major function of reducing surplus air and resin from the laminate which results in improved performance and reduced VOC emissions. They also optimize the fiber-resin ratio in composite part manufacturing.
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. The impact of the COVID-19 pandemic on the demand for vacuum consumables varies from industry to industry. For instance, aerospace & defense emerged to be the biggest victims with demand falling over 30% in 2020. On the other hand, the wind energy industry flourished with a robust growth of mid-teens in 2020, propelled by huge wind turbine installations in China and the USA. Furthermore, the exceptional growth in the wind energy segment has partially offset the decline enumerated in other markets (aerospace & defense, transportation, and marine).
The demand for vacuum consumables in different end markets in 2021 again varied from market to market. Some markets, such as marine and transportation, recorded healthy recovery, whereas wind energy and aerospace, recorded hefty declines. Overall, the composite vacuum consumables market witnessed a mid-single-digit decline in 2021 but is estimated to bounce back swiftly, reaching the market value of US$ 0.8 billion in 2027.
Segment Analysis
We have segmented the composite vacuum consumables market based on the end-use industry type as aerospace & defense, wind energy, marine, transportation, and others. Aerospace & Defense was the largest market for vacuum consumables before the COVID-19. There had been a big change in the market dynamics with wind energy surpassing the aerospace industry and becoming the biggest demand generator for vacuum consumables in 2020.
Over the next five years, wind energy is expected to remain the biggest demand generator of vacuum consumables. The Global Wind Energy Council (GWEC) anticipates that about 557 GW of new wind energy capacity will be added from 2022 to 2026. Aerospace & defense is likely to experience a promising growth during the forecast period, driven by a host of factors including an expected recovery in aircraft production, increasing penetration of composites in the modern aircraft programs, high dominance of prepreg materials in the aerospace composites, and growing demand for the automation in the manufacturing processes.
Based on the material type, the composite vacuum consumables market is segmented as vacuum bagging film, release liner, peel ply, breathers & bleeders, and others. Vacuum bagging film is estimated to maintain its huge dominance in the market, whereas release liner is expected to grow at the fastest rate during the forecast period.
Based on the application type, the market is segmented as prepreg layup, infusion process, and others. The infusion process is estimated to remain the largest segment of the market and prepreg layup is expected to experience the highest growth over the next five years. 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.
In terms of regions, Asia-Pacific is expected to remain the largest market over the next five years. The region is also expected to be the fastest-growing market in the post-pandemic market developments. China is the workhorse of the region, driving the region’s share significantly. 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.
Key Players
Composite 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 following are the key players in the composite vacuum consumables market.
- Airtech Advanced Materials Group
- Solvay SA (Process Materials Division Now Owned by Composite One)
- Shanghai Leadgo-Tech Co., Ltd.
- Diatex S.A
- Zhejiang Youwei New Materials Co.
- Kejian Polymer Materials (Shanghai) Co., Ltd
- Pro-Vac Vacuum Consumables
- Metyx Composites
- Guarniflon SpA
- Precision Fabrics Group
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 of 2022 to 2027. 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 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 12 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
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 into 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:
- 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, Product 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.
The composite vacuum consumables market is segmented into the following categories:
Composite Vacuum Consumables Market, by End-Use Industry Type
- Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Marine (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Composite Vacuum Consumables Market, by Material Type
- Vacuum Bagging Film (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Release Liner (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Peel Ply (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Breathers & Bleeders (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Composite Vacuum Consumables Market, by Application Type
- Prepreg Layup (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Infusion Process (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Composite Vacuum Consumables Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Report Customization Options
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: Product portfolio, geographical reach, regional presence, and strategic alliances
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