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    Composite Structural Material Kits Market Report

    Composite Structural Material Kits Market Report
    Report code - SR2007 Published On : Jun,2022 No. of Pages: 130
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    Composite Structural Material Kits Market Size, Share, Trend, Forecast, Competitive Analys See more...

    Market Highlights

    Composite materials, such as prepreg and SMC, can be sold in the form of rolls or kits (tailor-made products). Preform is also considered a kit or tailor-made product. Here, Stratview Research primarily includes prepreg kits, and SMC kits, and performs under the structural kits market. Kits offer several advantages, such as improvement in quality and productivity, and an easy and clean manufacturing process, but come at a higher cost. Kits are made 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). Another advantage offered by kits is that parts with complex geometries will have a better finish and less waste.

    The performance of major demand generators, such as aerospace, marine, and automotive, greatly influences the demand for composite structural materials and their kitting products. The pandemic almost devastated the demand for structural kits with the market declining over 25% in the year 2020. The industry was anticipating a record recovery in 2021; however, the demand remained plateau in 2021, due to continuous troubling water, especially in the aerospace industry.

    Based on several interviews conducted across the value chain paired with the study of previous downturns, it is estimated that the composite structural kits market is likely to record an impressive growth from 2022 onwards, ultimately reaching back its pre-COVID levels by 2024. Overall, the global composite structural kits market is likely to grow at a healthy CAGR of 12% over the next five years to reach an estimated market value of US$ 476 million in 2027.

    Market Segments' Analysis

    Stratview Research has segmented the composite structural 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 of structural 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, increasing penetration of composites in the modern aircraft programs, increasing preference of kits, high dominance of prepreg materials in the aerospace composites; and growing demand for the automation in the manufacturing processes. Also, the aerospace industry necessitates a high level of accuracy, precision, and lightweight parts, further fueling the structural kits demand.

    Based on material type, the composite structural material kits market is segmented as preforms, prepregs, and others. Preform is estimated to lead the market and is likely to grow at the fastest rate during the forecast period too. Preforms are tailor-made kits designed as per the customers’ specifications. The aerospace industry is the biggest user of preforms. For instance, the fan case of the GEnx engine (B787 and B747-8) is manufactured using braiding, supplied by A&P Technology. Similarly, braided fabrics are also used in medical (prosthetics and orthotics) for applications such as prosthetic limbs. In the case of prepregs, kits are preferably used for maintenance and repairs.

    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, kit 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

    Unlike other composite markets, the kits market for structural materials is quite different concerning the competitive landscape. Here, most players are offering kits/tailor-made products of one or a maximum of two types. For instance, companies engaged in preform business are not offering kitting solutions for prepreg and SMCs and vice versa. The following are some of the key players in the composite structural material kits market:

    • A&P Technology, Inc.
    • Bally Ribbon Mills
    • Fabric Development, Inc.
    • Groupe Gazechim Composites
    • Highland Composites
    • Aerovac Composites One
    • 3Tex Inc.
    • Coast-Line International
    • Heatcon Composite Systems
    • Velocity Composites plc

    Research Methodology

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

    Composite Structural Material Kits Market, by Material Type

    • Preform (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Prepreg (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 Structural Material Kits Market, by Process Type

    • Compression Molding (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Prepreg Layup (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Resin Infusion (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 Structural Material Kits Market, by End-Use Industry Type

    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Automotive (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)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Composite Structural 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

    Frequently Asked Questions (FAQs)

    The composite structural 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$ 475.5 million in 2027.

    A&P Technology, Inc., Bally Ribbon Mills, Fabric Development, Inc., Groupe Gazechim Composites, Highland Composites, and Aerovac Composites One are the leading players in the market.

    North America is likely to maintain its dominant position in the composite structural 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 and India. Other major noticeable markets are Japan, Korea, Singapore, and Malaysia.

    Preform is likely to maintain its dominance in the market in the next five years. Aerospace is likely to remain the biggest market for composite preforms in the years to come.