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    Composite Films Market | Covid-19 Impact Analysis

    Composite Films Market | Covid-19 Impact Analysis

    Composite Films Market | Covid-19 Impact Analysis
    Report code - SRAM369 Delivery - 2 Weeks
    Composite Film Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Composite Films Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Composite Films Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Composite Film Market Insights

    Composite film market is likely to witness a healthy CAGR of 4.8% during the forecast period. The prime factors contributing to the demand for composite films are the increasing uses of these films with rising aircraft deliveries and huge order backlogs of Airbus and Boeing aircraft. Composite films help in minimizing weight as well as cost associated with surface preparation.

    Composite Film Market - Snapshot

    Growth

    4.8% for the next five years

    Dominant Film Type

    Epoxy

    Dominant Curing Type

    Autoclave

    Major Function Type

    Lightning Strike Protection

    Dominant End-use Industry

    Aerospace & Defense

    Region with the highest demand

    North America

    Key Players

    Gurit Holding AG, Henkel AG & Co KGaA, Hexcel Corporation, Lincoln Composite Materials Inc., Northern Composites LLC., Park Aerospace Corp., Socomore, Solvay S.A., The 3M Company, Toray Industries Inc., and others.

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    Market Share Analysis

    Composite Film Market Share: By Film Type

    Based on the film type, the market is segmented as epoxy film and others. Epoxy film dominated the market in 2019, and is expected to remain dominant during the forecast period due to its superior physical and mechanical properties. It is preferred film in aerospace & defense and automotive industries.

    Composite Film Market Share: By Curing Type

    Based on the curing type, the composite film market is segmented as autoclave and out-of-autoclave. Autoclave is expected to dominate the market during the forecast period owing to its ability to produce high value composite films with high strength-to-weight ratio for the aerospace & defense industry.

    Composite Film Market Share: By Function Type

    Based on the function type, the composite film market is segmented as lightning strike protection, surface protection, and others. Lightning strike protection is expected to dominate the market during the forecast period owing to its ability to protect the composite panel and increase its lifespan when used in aircraft.

    Composite Film Market Share: By End-Use Industry Type

    Based on the end-use industry type, the composite film market is segmented as aerospace & defense, automotive, and others. Aerospace & defense is expected to dominate the market during the forecast period as it offers 30% weight saving; which is a crucial factor in the in aerospace & defense industry. It also provides smooth surfaces that minimize the time and labor-intensive surface preparation.

    Composite Film Market Share: By Region

    In terms of regions, North America is estimated to remain the largest market during the forecast period due to the presence of prominent aircraft assemblers, increasing aircraft deliveries, and increasing demand for automotive vehicles with the expanding economies of the US, Canada, and Mexico. Increasing demand for films that are lightweight, have high tensile strength, and can withstand lightning strikes are likely to drive the composite films market.

    Some of the major composite film manufacturers are-

    • Gurit Holding AG
    • Henkel AG & Co KGaA
    • Hexcel Corporation
    • Lincoln Composite Materials Inc.
    • Northern Composites LLC.
    • Park Aerospace Corp.
    • Socomore
    • Solvay S.A.
    • The 3M Company
    • Toray Industries Inc.
    • others.

     

    Market Scope & Segmentation

    Composite films are majorly used in aerospace & defense and automotive industries in surface and lighting protection applications. Epoxy-based films are majorly used in these industries as they offer superior properties required such as strength, stability, lightweight, durability, and flexibility.  

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Composite Film Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    5

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The composite film market is segmented into the following categories. 

    Composite Film Market Size, Share, & Forecast, by Film Type:

    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Composite Film Market Size, Share, & Forecast, by Curing Type:

    • Autoclave (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Out-of-Autoclave (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Composite Film Market Size, Share, & Forecast, by Function Type:

    • Lightning Strike Protection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Surface Protection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)                                           

    Composite Film Market Size, Share, & Forecast, by End-Use Industry Type:

    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Composite Film Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    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 1,000 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. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the 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, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    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 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the film types by end-use industry.

    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 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 at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Composite Film Market in the foreseeable future?

    The composite films market is expected to witness an impressive growth of 4.8% CAGR in the foreseeable future.

    Which type of film is expected to remain dominant in the market?

    Epoxy film is expected to remain dominant film type in the composite film market.

    Who are the key players in the Composite Films Market?

    Gurit Holding AG, Henkel AG & Co KGaA, Hexcel Corporation, Lincoln Composite Materials Inc., Northern Composites LLC., Park Aerospace Corp., Socomore, Solvay S.A., The 3M Company, Toray Industries Inc., and others are among the key players in the composite films market.

    Which country/region is expected to remain the largest Composite Film Market?

    North America is expected to remain the largest market for composite films during the next five years.

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