Stratview Research announces the launch of a new research report on Global Braided Composites Market by End-Use Industry Type (Aerospace & Defense, Automotive, Sporting Goods, and Others), by Architecture Type (Biaxial, Triaxial, and Others), by Fiber Type (Carbon Composites and Other Composites), by Resin Type (Thermoset Composites and Thermoplastic Composites), and by Region (North America, Europe, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.
This report, from Stratview Research, studies the braided composites market in the global advanced materials industry over the period 2011 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Global Braided Composites Market: Highlights from the Report
As per Stratview Research, the global braided composites market is projected to offer healthy growth and reach an estimated US$ 382.5 million in 2022, which offers an opportunity to the composites industry players to align themselves with the market growth.
The author of the market report concluded that increasing production rates of 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 VOC emissions; and an excellent performance of braided parts are the key factors propelling the demand for braided composites.
As per the study, aerospace & defense is projected to remain the largest segment of the global braided composites market during the forecast period of 2017 to 2022. Fan case containment and fuselage frames are some of the major applications of braided composites in the aerospace & defense industry. Automotive is likely to remain the fastest-growing segment of the global braided composites market during the same period, propelled by increasing production rates of hybrid and luxury cars coupled with rising usage of composites.
Based on architecture type, triaxial braided composite is expected to remain the largest segment during the forecast period. It is the most preferred choice for over braiding of parts, owing to its superior performance. Fan case containment is one of the major applications of triaxial braided composites.
In terms of fiber type, carbon fiber is projected to remain the most dominant fiber type in the global braided composites market during the forecast period. All the major end-use industries, such as aerospace & defense, automotive, and sporting goods, are predominantly using carbon fiber-braided composites, owing to their excellent weight reduction properties coupled with high-performance benefits.
In terms of region, North America is expected to remain the largest braided composites market during the forecast period, driven by the Aerospace & Defense industry. The USA is projected to remain the growth engine of the North American braided composites market over the next five years. Europe is likely to be the fastest-growing braided composites market during the same period, primarily driven by increasing production rate of A350XWB and increasing demand for composite rich hybrid and luxury vehicles.
The key braided composite part manufacturers are GE Aviation, Airbus Group, BMW AG, Exelis Inc., Sigma Precision Components Ltd., and GKN Aerospace. New application development, formation of mergers & acquisitions, and execution of long-term contracts with customers are the key strategies adopted by the major players to gain a competitive edge in the market.
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 on 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:
This report studies the global braided composites market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the five ways in which the market is segmented:
Global Braided Composites Market by End-Use Industry Type:
Global Braided Composites Market by Architecture Type:
Global Braided Composites Market by Fiber Type:
Global Braided Composites Market by Resin Type:
Global Braided Composites Market by Region:
Stratview Research has several high value market reports in the composites and advanced materials industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Advanced Materials Industry
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Global Composite Preforms Market by Application Segment, by Fiber Type, by Product Type, by Structure Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021
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