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    Composite Process Material Kits Market Report

    Composite Process Material Kits Market Report
    Report code - SR2006 Published On : Jun,2022 No. of Pages: 135
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    Composite Process Material Kits Market Size, Share, Trend, Forecast, Competitive Analysis, See more...

    Market Highlights

    Vacuum consumables, such as vacuum bagging film, release film, peel ply, breathers & bleeders, flow media, sealant tapes, and fittings & hoses, can be sold in the form of rolls or kits. Kits offer several advantages, such as improvement in quality and productivity, and an easy and clean manufacturing process, but usually come at a higher cost. Kits are developed by highly trained employees, so the cost is usually greater than the combined cost of standard rolls and kitting costs performed by technicians of tier players (in-house kitting). Several tier players are relying upon kits than the standard rolls in the wake of the above-mentioned advantages. Even it is found that vacuum consumable suppliers are hammering hard to educate their composites community about the benefits of kits over standard rolls.

    The demand for vacuum consumable kits 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 consumable kits 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 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). Overall, the composite process material kits market witnessed a mid-single-digit decline in 2021but and is estimated to recoup quickly to reach a value of US$ 147 Million in 2027. 

    Market Segments' Analysis

    Stratview Research has segmented the composite process material kits market based on the end-use industry type as aerospace & defense, wind energy, marine, transportation, and others. Aerospace & defense is expected to remain the biggest demand generator for vacuum consumable kits over the next five years and is also likely to experience the highest growth during the forecast period too driven by a host of factors including an expected recovery in aircraft production, high preference of kits than that of other industries, 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. Wind energy is also expected to offer sizeable opportunities in the years to come. It was the only segment that witnessed growth amid the COVID-19 pandemic’s wrath.

    Based on kit type, the composite process material kits market is segmented as pre-cut shapes, combination kits, welded kits, and others. Pre-cut shape is the most preferred kit type in the market, whereas welded kit is expected to grow at the fastest rate during the forecast period. Pre-cut shaped kits are used for wind turbine blades. They are easy to handle, reducing the requirements for mechanical lifting equipment, ultimately resulting in cost savings.

    In terms of regions, North America is expected to remain the largest market over the next five years. The region has been the pioneer in the advanced composites industry with the presence of several small to large-sized OEMs, molders, process material suppliers, and raw material suppliers. Asia-Pacific is 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.

    Key Players

    Most of the major vacuum consumable suppliers for the composites industry are also into the kitting business. The following are some of the key players in the composite process material kits market:

    • Airtech Advanced Materials Group
    • Aerovac Composites One
    • Shanghai Leadgo-Tech Co., Ltd.
    • Diatex SAS
    • InCom Group
    • Metyx Composites
    • GEFiM
    • Pro-Vac Vacuum Consumables
    • Velocity Composites plc

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s composite process material kits 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 Process Material Kits Market is segmented into the following categories:

    Composite Process Material Kits 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 Process Material Kits Market, by Kit Type

    • Pre-Cut Shapes (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Combination Kits (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Welded Products (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 Process Material Kits Market, by Process 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 Process Material Kits 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

    Custom Research: Stratview research offers custom research services across the 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

    A Bird's Eye View of the Market

    The composite process material kits market is estimated to grow at a healthy CAGR of 8.8% over the next five years to reach a value of US$ 147 million in 2027. Increasing acceptance of kits over standard rolls, especially in crucial parts paired with the ongoing recovery of major end-use markets is likely to drive the kits' market in the near future.

    Airtech Advanced Materials Group, Aerovac Composites One, Shanghai Leadgo-Tech Co., Ltd., Diatex SAS, InCom Group, Metyx Composites, and GEFiM are the key players in the market.

    North America is likely to maintain its dominant position in the composite process material kits market during the forecast period. The USA is likely to remain the growth engine of the regions market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators.

    Asia-Pacific is estimated to grow at the fastest rate in the coming five years, primarily driven by China, India, Japan, and Korea. There has been a growing presence of the aerospace industry stakeholders in these four countries. Furthermore, greater installations of wind turbines in China and India are impacting the demand for vacuum consumables along with kits.