Global Braided Composites Market Set to Reach US$ 382.5 Million in 2022
The global braided composites market offers healthy growth opportunities in the entire ecosystem with an expected market size of US$ 382.5 million in 2022. Increasing production rates of the next-generation aircraft, such as A350XWB; increasing production of luxury and hybrid vehicles; increasing demand for lightweight parts with the purpose to enhance fuel efficiency or to reduce carbon emissions; rising concern over reducing VOC emissions; and an excellent performance of braided parts are the key factors propelling the demand for braided composites. Braiding makes composite parts stronger, damage tolerant, and stiffer. The technology is relatively easy to use and produces parts at a lower cost with superior performance. Furthermore, low VOC emission and minimal scrap rate are augmenting the technology’s adoption rate in the various industries.