The composite preforms market was valued at $239.3 million in 2021 and is estimated to reach $433.1 million by 2031, exhibiting a CAGR of 6.1% from 2022 to 2031.
The composite preform is an arrangement of continuous or discontinuous fibrous material which undergoes a reinforcement process to obtain a specific composite shape. Composite preforms have excellent significant properties such as high mechanical strength, thermal stability, and fatigue life owing to which it has been widely used in v industrial, automotive, aerospace, infrastructure, marine, and other end-use sectors.
Moreover, sustainable economic growth coupled with increasing demand for consumer goods has led the automotive & electronics sector to witness a significant increase in demand for composite preform, where composite preforms are widely used in cost and weight reduction purposes. In addition, it is also used to design sports and leisure goods such as bicycle handlebars, bowling balls, skis, and among others. These factors are predicted to contribute toward global market growth.
Furthermore, an increase in investments in the building infrastructure in countries such as the U.S., China, Japan, Mexico, and India, has led the building & construction sector to witness significant growth. Composite preforms have greater thermal stability and resistance to corrosion which it is used in corrosive environments in fire protection applications. In addition, composite preforms are lightweight, have a strength-to-weight ratio, and help in lowering the cost of construction, as much less material can be used without sacrificing structural stability. This factor is projected to drive the market during the forecast period.
However, the complicated processes associated with composite preforms may restrain the growth of the composite preforms market during the forecast period. On the contrary, the rapid development of water supply, sanitation, urban transport, schools, and healthcare are aiding the growth of the infrastructure sector. Glass fiber-reinforced composite preforms are resistant to corrosion and chemicals, due to which it is widely used for fire protection applications. This factor is anticipated to fuel the demand for composite preforms in the growing building & construction sector; thus, offering the most lucrative opportunities for the market.
The report segments the composite preforms market on the basis of structure type, product type, fiber type, application, and region. Based on structure, it is classified into One-D, Two-D, and Three-D. By product type, it is divided into stitching, braiding, knitting, and weaving. Based on fiber type, it is categorized into carbon, glass, and others. By application, it is divided into automotive, consumer goods, infrastructure, marine, medical, aerospace & defense. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global composite preforms market profiles leading players including Kümpers Composites, C and J Antich, SAERTEX Group, bally ribbon mills, Sigmatex, Axis Composites Limited, Albany International Corp, T.E.A.M., Inc., A and P Technology, and Eurocarbon B.V. The global composite preforms market report provides in-depth competitive analysis as well as profiles of these major players.
The composite preform is an arrangement of continuous or discontinuous fibrous material which undergoes a reinforcement process to obtain a specific composite shape. Composite preforms have excellent significant properties such as high mechanical strength, thermal stability, and fatigue life owing to which it has been widely used in v industrial, automotive, aerospace, infrastructure, marine, and other end-use sectors.
Moreover, sustainable economic growth coupled with increasing demand for consumer goods has led the automotive & electronics sector to witness a significant increase in demand for composite preform, where composite preforms are widely used in cost and weight reduction purposes. In addition, it is also used to design sports and leisure goods such as bicycle handlebars, bowling balls, skis, and among others. These factors are predicted to contribute toward global market growth.
Furthermore, an increase in investments in the building infrastructure in countries such as the U.S., China, Japan, Mexico, and India, has led the building & construction sector to witness significant growth. Composite preforms have greater thermal stability and resistance to corrosion which it is used in corrosive environments in fire protection applications. In addition, composite preforms are lightweight, have a strength-to-weight ratio, and help in lowering the cost of construction, as much less material can be used without sacrificing structural stability. This factor is projected to drive the market during the forecast period.
However, the complicated processes associated with composite preforms may restrain the growth of the composite preforms market during the forecast period. On the contrary, the rapid development of water supply, sanitation, urban transport, schools, and healthcare are aiding the growth of the infrastructure sector. Glass fiber-reinforced composite preforms are resistant to corrosion and chemicals, due to which it is widely used for fire protection applications. This factor is anticipated to fuel the demand for composite preforms in the growing building & construction sector; thus, offering the most lucrative opportunities for the market.
The report segments the composite preforms market on the basis of structure type, product type, fiber type, application, and region. Based on structure, it is classified into One-D, Two-D, and Three-D. By product type, it is divided into stitching, braiding, knitting, and weaving. Based on fiber type, it is categorized into carbon, glass, and others. By application, it is divided into automotive, consumer goods, infrastructure, marine, medical, aerospace & defense. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global composite preforms market profiles leading players including Kümpers Composites, C and J Antich, SAERTEX Group, bally ribbon mills, Sigmatex, Axis Composites Limited, Albany International Corp, T.E.A.M., Inc., A and P Technology, and Eurocarbon B.V. The global composite preforms market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the composite preforms market analysis from 2021 to 2031 to identify the prevailing composite preforms market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the composite performs market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global composite preforms market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Fiber Type
- Carbon
- Glass
- Others
By Product Type
- Stitching
- Braiding
- Knitting
- Weaving
By Structure
- One-D
- Two-D
- Three-D
By Application
- Automotive
- Consumer Goods
- Infrastructure
- Marine
- Medical
- Aerospace and Defence
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- Kumpers Composites
- Eurocarbon B.V.
- A and P Technology
- Sigmatex
- SAERTEX Group
- C and J Antich
- Bally Ribbon Mills
- T.E.A.M., Inc.
- Axis Composites Limited
- Albany International Corp
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COMPOSITE PREFORMS MARKET, BY FIBER TYPE
CHAPTER 5: COMPOSITE PREFORMS MARKET, BY PRODUCT TYPE
CHAPTER 6: COMPOSITE PREFORMS MARKET, BY STRUCTURE
CHAPTER 7: COMPOSITE PREFORMS MARKET, BY APPLICATION
CHAPTER 8: COMPOSITE PREFORMS MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Composite Preforms Market," the composite preforms market was valued at $239.3 million in 2021, and is estimated to reach $433.1 million by 2031, growing at a CAGR of 6.1% from 2022 to 2031.The composite preforms market was valued for $239.30 million in 2021 and is estimated to reach $433.10 million by 2031, exhibiting a CAGR of 6.1% from 2022 to 2031. Composite preforms are essentially fibers of selected composition arranged in varying 2D and 3D forms to build the required shape. Nowadays composite preforms are preferred over traditional materials, such as aluminum, steel, iron, and more, due to their low weight, high durability, and corrosion resistance. Composite preforms find wide applications in global metallurgical, aerospace & defense, and heavy mechanical industries as they are the basic raw material to these industries and have high potential to be customized.
Factors such as increase in disposable income, technological upgrades, and surge in the demand for original equipment manufacturers (OEMs) have led the automotive sector to witness significant growth. For instance, according to a report published by the India Brands Equity Foundation, domestic automobile production increased by a compound annual growth rate (CAGR) of 2.36% from 2016 to 26.36 million vehicles being manufactured in India in 2020.
Carbon-based composite preforms possess excellent significant properties such as high mechanical strength, thermal resistance, chemical resistance, non-toxic, non-polluting, and corrosion resistance that makes them best suited for automotive structural and bodywork applications. In addition, it is also used as a prime lightweight material for reducing the weight of vehicles. This factor together is anticipated to foster the growth of the composite performs market during the forecast period.
Furthermore, the aerospace industry is growing at a rapid pace due to key factors such as an increase in population coupled with a rise in the import and export trade, government investment in infrastructure development, adoption of digital innovation in the aerospace industry, and a high industry growth rate. For instance, according to an article published by Indian Machine Tool Manufacturers' Association in February 2023, The Aerospace and Defense (A&D) market in India is estimated to reach around $70 billion by 2030. Composite preforms have a huge scope in the aerospace industry due to their exceptional strength and stiffness-to-density ratios.
In addition, composite preforms are lightweight, less susceptible to fatigue, and non-corrosive owing to which it has been widely used in the manufacturing of aircraft fuselage. It also enhances fuel efficiency and improves the ability to accommodate more cargo, which in turn leads to lower overall operational costs. Moreover, government of both developed and developing economies have put more emphasis on producing high-tech aircrafts and fighter jet equipped with modern armored facilities where composite preforms is widely used to manufacturer various aircraft components. This factor is projected to boost the global presence of the composite preforms market during the forecast period.
However, strict industrial requirements and the inability of certain composites to meet the technical requirements of composite preforms is expected to hamper the market growth. Also, rising prices of raw materials may restrain the market growth.
On the contrary, growing population element has led to rapid urbanization in both developed and developing countries, such as the U.S., China, India, and others. This has increased government spending on building infrastructure sector to develop various upcoming infrastructure projects. For instance, according to a report published by the National Investment Promotion and Facilitation Agency, infrastructure activities accounted for 13% share of the total foreign direct investment (FDI) inflows in 2021.
Furthermore, rapid development of water supply, sanitation, urban transport, schools, and healthcare are aiding the growth of the infrastructure sector. Glass fiber reinforced composite preforms are resistant to corrosion and chemicals, due to which it is widely used for fire protection applications. This factor is anticipated to fuel the demand for composite preforms in the growing building & construction sector; thus, offering the most lucrative opportunities for the market.
The report segments the composite preforms market on the basis of structure type, product type, fiber type, application, and region. Based on structure, it is classified into One-D, Two-D, and Three-D. By product type, it is divided into stitching, braiding, knitting, and weaving. Based on fiber type, it is categorized into carbon, glass, and others. By application, it is divided into automotive, consumer goods, infrastructure, marine, medical, aerospace & defense. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global composite preforms market profiles leading players including Kümpers Composites, C and J Antich, SAERTEX Group, bally ribbon mills, Sigmatex, Axis Composites Limited, Albany International Corp, T.E.A.M., Inc., A and P Technology, and Eurocarbon B.V.
The global composite preforms market report provides in-depth competitive analysis as well as profiles of these major players.
Key Market Insights
- By fiber type, the carbon segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.4% from 2022 to 2031.
- By product type, the stitching segment is projected to display the highest growth rate in terms of revenue and market share in 2021.
- By structure type, the three-D segment is estimated to display the highest growth rate, in terms of revenue, from 2022 to 2031.
- By application, the aerospace and defence application segment is estimated to display the highest growth rate, registering a CAGR of 6.3% from 2022 to 2031.
- By region, North America garnered the highest share of around 40% in 2021, in terms of revenue.
Companies Mentioned
- Kumpers Composites
- Eurocarbon B.V.
- A and P Technology
- Sigmatex
- SAERTEX Group
- C and J Antich
- Bally Ribbon Mills
- T.E.A.M., Inc.
- Axis Composites Limited
- Albany International Corp
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Composite Preforms Market: Trends, Opportunities and Competitive Analysis [2024-2030]
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