Stratview Research announces the launch of a new research report on Composite Sandwich Panels Market by Product Type (Glass Fiber Composites and Carbon Fiber Composites), by End-Use Industry Type (Aerospace & Defense, Building & Construction, Transportation, Marine, and Others), by Core Material Type (Nomex Honeycomb Composites, Aluminum Honeycomb Composites, and Other Composites), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025.
Stratview Research continues leveraging its unparalleled research capabilities in the composites and advanced materials industry. This time, we have come up with another extensive market research on the composite sandwich panels market, a unique market that possesses consequential growth potential in the long run. The report estimates the short-term as well as long-term repercussions of the COVID-19 pandemic on the demand for composite sandwich panels at the global, regional, as well as country level. The report further comprehends the opportunity loss that the market participants have to swallow by comparing pre-COVID with the post-COVID scenario. The report also portrays the long-term perspective of the market to understand the market recovery after the pandemic.
Composite Sandwich Panels Market: Highlights from the Report
Sandwich composite panel is a structure that is made of two thin laminate outer skins bonded to a lightweight thick core structure. These panels are majorly used in applications where a combination of high structural rigidity and low weight is required. Carbon fiber and glass fiber prepregs are commonly used as skin materials, whereas foam, aluminum honeycomb, nomex honeycomb, and balsa are commonly used core materials. The lightweight core resists the shear forces and provides insulation, whereas the two face skins provide durability, weather and impact resistance, and resist in-plane forces of tension and compression.
Composite sandwich panels are widely used in the aircraft industry in galleys, floors, interior panels, sidewalls, partitions, control surfaces, and overhead stowage bins. These panels are also successful in finding applications in other markets including building & construction, mass transportation, and marine. Floors, sidewalls, and other interior panels are the major applications in trains, whereas external cladding, access loads, insulated thermal envelops, ceiling panels, wall partitions, and fire-resisting compartment walls are in the building & construction industry. Interior bulkheads, decking, covers, and cabinetry are in powerboats and yachts.
The outbreak of COVID-19 has severely impacted all the industries across the world. The aerospace & defense industry is projected to be among one of the worst-affected industries due to the pandemic. Marine (recreational boats and yachts) and building & construction are the other two major markets that are also recording a huge plunge in demand in 2020. Composite sandwich panel is uniquely positioned in the composites domain and had been witnessing excellent growth over the past decade. The composite sandwich panels market could not escape from such changing market dynamics and is anticipated to experience a hefty decline in 2020, taking the market much below its 2014-level. The demand for composite sandwich panels is anticipated to remain flat in 2021, followed by a quick rebound from 2022 onwards, ultimately driving the market to reach US$ 2.4 billion in 2025.
Click Here and Run Through the TOC of the Report: https://www.stratviewresearch.com/toc/890/composite-sandwich-panels-market.html
Based on the product type, glass fiber composite is expected to remain the dominant material type in the market during the forecast period. Good mechanical properties, dimensional stability, electrical resistivity, and low cost are the key factors driving the glass fiber composite sandwich panels in a wide array of applications. Carbon fiber composite is expected to be a rapidly growing market since it offers exceptional properties but at a higher cost and are gaining share where weight reduction and high performance are critically required.
Based on the end-use industry type, aerospace & defense will continue to remain the biggest demand generator of sandwich panels in the foreseen future. Aircraft interiors are the major users of composite sandwich panels. Large commercial and regional aircraft fleet size, expected rebound in commercial aircraft production, entry of new or variants of the existing aircraft programs (C919, MC-21, B777x, etc.), and increasing penetration of composite panels are driving forces of the market in the industry.
Register Here for a Free Sample of the Detailed Report: https://www.stratviewresearch.com/Request-Sample/890/composite-sandwich-panels-market.html
The market is registering significant changes in regional dynamics in pre-COVID and post-COVID scenarios. All regions to mark significant declines in sandwich composite panel sales in 2020; however, North America is estimated to be the worst-hit region due to the pandemic, in terms of both, value as well as volume. Despite severely hit from COVID-19, the USA is projected to remain the largest market for composite sandwich panels during the forecast period. The USA has one of the largest fleets of commercial aircraft in the world and is a manufacturing hub of the aircraft industry, along with the presence of key sandwich composite panel manufacturers.
Europe and Asia-Pacific are the other major markets and are also likely to experience hefty declines in the demand for composite sandwich panels in 2020. The Asia-Pacific’s market is anticipated to witness the least decline in the demand for composite sandwich panels and is expected to recover at the fastest pace compared to other regions. In Europe; Germany, France, and the UK are the key markets, registering a significant decline in demand in 2020; with the UK’s market suffering the most from the pandemic.
The supply chain of this market comprises raw material suppliers, prepreggers, core material suppliers, panel manufacturers, tier players, OEMs, airlines, aircraft leasing companies, and MRO companies. Key players in the composite sandwich panels market are Safran S.A., Collins aerospace Systems, The Gill Corporation, Diehl Aviation, Euro Composites S.A., JAMCO Corporation, Triumph Group, 3A Composites, The Yokohama Rubber Co., Ltd., and AIM Altitude. All the major suppliers have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning. However, high level of integration, new product development, and strategic alliances are some of the key strategies adopted by 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 composite sandwich panels market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
Composite Sandwich Panels Market, by Product Type
Composite Sandwich Panels Market, by End-Use Industry Type
Composite Sandwich Panels Market, by Core Material Type
Composite Sandwich Panels Market, by Region
Stratview Research has several high value market reports in the advanced materials industry. Please refer to the following link to browse through our reports:
Other related reports from Stratview Research:
Aircraft Interior Sandwich Panel Market by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation), by Application Type (Floor Panel, Sidewall Panel, Ceiling Panel, Stowage Bin, Galley, Lavatory, and Others), by Core Material Type (Nomex Honeycomb, Aluminum Honeycomb, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Market Size, Share, Trend, Forecast & Competitive Analysis: 2020-2025.
Composite Floor Panels Market by End-Use Industry Type (Aircraft, Rail, and Bus), by Core Material Type (Honeycomb Core, Foam Core, and Balsa Core), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Market Size, Share, Trend, Forecast & Competitive Analysis: 2020-2025.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For enquiries, please contact:
E-mail: [email protected]