Composites Use in Aerospace Applications Driving the Market
Composite material is witnessing rapidly increasing demand from the aerospace industry. The use of composite materials in commercial transport aircraft is attractive because reduced airframe weight enables better fuel economy, and therefore lowers operating costs. Increasing composite content in new generation commercial aircraft, such as Boeing 787 Dreamliner and Airbus A350, is likely to drive the composite repair market in the coming years. In Boeing 787, composite materials constitute almost 50% by weight.
Automotive and Transportation Industry Expected to Witness High Growth
The global composite repair market is expected to witness huge demand from the automotive industry, owing to increasing penetration of composites into the passenger vehicle market. Therefore, automotive & transportation is expected to be the fastest end-user industry segment. Companies manufacturing electric vehicles’ body frames are the major consumers of composite repairs. increase in the manufacturing of electric vehicles is further likely to stimulate the market.
Focus on Wind Energy Making Asia-Pacific the Biggest Market
Asia-Pacific has been projected to lead the global composite repair market due to strong government initiatives focusing on a cleaner environment, thereby, implanting wind energy turbines. Asia-Pacific is likely to invest up to USD 250 billion on solar and wind energy projects by 2025. In Octber 2017, Enercon GmbH, the largest wind turbine supplier in Germany, opened its wind energy operational hub in Taiwan to boom the renewable energy market. This is likely to drive the composite repair market in the Asia-Pacific region during the forecast period. With multinational companies taking interest in the countries in Middle East & Africa, and the governments supporting the aerospace industry, the demand for composite repair is likely to flourish in this region also.
In July 2017, the University of Southern Queensland’s (USQ) center for future materials (CFM) partnered with Joinlox, to investigate a prefabricated composite repair system, with an easy-fit and self-locking mechanical joint, called PileJax.
Major Players: Citadel Technologies, HAECO, Lufthanasa Technik, Ag, Milliken Infrastructure Solutions, LLC, and T.D. Williamson, Inc. amongst others.
Reason to Purchase this Report
- To understand the impact of various type on the market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating process and end-user industry in the market
- Countries expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet in excel.
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1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Patent Analysis
4. Market Dynamics
4.1.1 Rising Investment in Rehabilitation of Old Structures
4.1.2 Cost Saving Associated With Composite Structure Repair
4.1.3 Increasing Use of Composites in Aerospace and Defense Industry
4.2.1 Introduction of Self-Healing Composites
4.2.2 Other Restraints
4.3.1 Automation of Composite Repair
5. Market Segmentation and Analysis - (Market size, Growth and forecast)
5.1 By Type
5.2 By Process
5.2.1 Hand Lay-up
5.2.2 Vacuum Infusion
5.3 By End-user Industry
5.3.1 Aerospace & Defense
5.3.2 Wind Energy
5.3.3 Automotive & Transportation
5.3.6 Pipe & Tank
6. Regional Market Analysis (Market size, growth and forecast)
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.6 Rest of Europe
6.3.4 ASEAN Countries
6.3.5 Australia & New Zealand
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of MEA
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
9.1 Air France KLM Group
9.2 Armor Plate, Inc.
9.3 Citadel Technologies
9.4 Composite Technology Inc.
9.5 Crawford Composites, LLC
9.6 T.D. Williamson, Inc.
9.7 Furmanite Corporation
9.9 GA Telesis, LLC
9.11 Hamble Yacht Services
9.12 Lufthanasa Technik, Ag
9.13 Milliken Infrastructure Solutions, LLC
9.14 Performance Composites Inc.
9.15 Total Wind A/S
9.16 ICR Integrity Ltd
9.17 West System
9.18 WR Composites
...List not exhaustive
**Subject to availability of public domain
- Citadel Technologies
- Lufthanasa Technik AG
- Milliken Infrastructure Solutions LLC
- T.D. Williamson Inc.
- Air France KLM Group
- Armor Plate Inc.
- Composite Technology Inc.
- Crawford Composites LLC
- Furmanite Corporation
- GA Telesis LLC
- Hamble Yacht Services
- Performance Composites Inc.
- Total Wind A/S
- ICR Integrity Ltd
- West System
- WR Composites