According to a new market report published by
Lucintel, the future of the global composite surface film market looks
promising with opportunities in the aerospace & defense, automotive and others
industries. The global composite
surface film market is expected to grow with a CAGR of 6.3% from 2019 to 2024.
The major drivers for this market are increasing aircraft delivery and increasing
penetration of composites in the structural components of aircraft.
In this
market, wing, fuselage, empennage, and automotive body panel are the major
application areas for surface film. Lucintel forecast that Fuselage will remain
the largest application due to requirement
of high quality surface finish and to reduce the effect of thermal cycling. Wing is expected to witness the
highest growth over the forecast period due to the growing use of composites in
wing components.
Within this market, surface preparation and protection, and
surface films with LSP are the two major function of surface film. Surface preparation
and protection will remain the
largest segment due to its wider application area. Surface films with LSP
segment is expected to witness highest growth over the forecast period due to
its performance benefits, such as lightweight, higher processing efficiency, and
offers lightning strike protection.
North America will remain the largest region over
the forecast period due to the presence of all major aircraft OEMs and tier
players. APAC is expected to witness the highest growth over the forecast
period due to a growing production of aircraft models with higher composite
content.
An Emerging trend, which
has a direct impact on the dynamics of the industry, includes the development of
surface film with higher shelf life and dual cure compatibility. 3M, Solvay, Henkel
Corporation, Toray, and Park Electrochemical Corporation are among the major suppliers
of composite surface film.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities in the global composite surface film market by end use industry, application,
function type, and region and has come up with a comprehensive research report
entitled “Growth
Opportunities for the Global Composite Surface Film Market 2019-2024: Trends,
Forecast, and Market Analysis.” This Lucintel report serves as a catalyst
for growth strategy, as it provides comprehensive data and analysis on trends,
key drivers, and directions. The study includes a forecast for composites in the
global composite surface film market by end
use industry, application, function type, and region as follows:
By End Use Industry [Value ($M) and (M Sq.
Meters) from 2013 to 2024]:
·
Aerospace
& Defense
·
Automotive
Body Panels
·
Others
By Application
Type [Value ($M) and Volume (M Sq. Meters) from 2013 to 2024]:
·
Fuselage
·
Wings
·
Empennage
·
Other
Aerospace Components
·
Automotive
Body Panels
·
Others
By Function Type [Value ($M) and Volume (M Sq. Meters) from 2013 to
2024]:
·
Surface
Preparation and Protection
·
Surface
Films with LSP
By Region [Value ($M) and Volume (M Sq. Meters)
from 2013 to 2024]:
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
188 page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel offerings include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and business
strategy consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates winning strategies for growth. We
offer market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision makers in a variety of industries. For further information, visit
www.lucintel.com.
This
report answers the following 10 key questions:
Q.1 What are some of the most promising,
high-growth opportunities for composites in the global composite surface film
market by end use type (aerospace
& defense, automotive, others) application
(fuselage, wings, empennage, other aerospace components, automotive body
panels, and others), function
type (surface preparation and protection films, and surface films with LSP), and
region (North America, Europe, Asia
Pacific, and the Rest of the World)
Q.2 Which segments will grow at a
faster pace and why?
Q.3 Which region will grow
at a faster pace and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges in this market?
Q.5 What
are the business risks and threats of this market?
Q.6 What are emerging trends in this market and
reasons behind them?
Q.7 What are some of the changing demands of
customers in the market?
Q.8 Who are the major players in this market? What
strategic initiatives are being implemented by key players for business growth?
Q.9 What
M&A activity has occurred in the last 5 years?
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