The newly launched report by Stratview Research, titled ‘Composite Process Materials Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026’ has been bifurcated by End-use Industry Type (Aerospace & Defense, Wind Energy, Marine, Transportation, and Others), by Material Type (Vacuum Bagging Film, Release Liner, Peel Ply, Breathers & Bleeders, and Others), by Application Type (Prepreg Manufacturing, Prepreg Layup, Infusion Process, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the report the composite process materials market was estimated at USD .78 billion in 2020 and is likely to grow at a CAGR of 7.3% during 2021-2026 to reach USD 1.15 billion in 2026.

Market Highlights

Generally, process materials are considered waste as these materials are waste once composite parts are fabricated or prepreg is laid onto the mold. However, Stratview Research considers these materials as ‘Process Efficiency Enhancers’ which play a critical role in achieving the requisite performance of composite parts.

Process materials are used at two different levels: release liners used during prepreg manufacturing, and vacuum consumables used during composite parts manufacturing through manufacturing processes such as VARTM, Lite-RTM, prepreg layup/vacuum bag, and wet layup. Process materials consist of several materials including vacuum bagging film, release liner, peel ply, breathers & bleeders, flow media, sealant tapes, fittings & hoses, etc.

Vacuum consumables perform a major function of reducing surplus air and resin from the laminate and optimizing the fiber-resin ratio which results in improved performance and reduced VOC emissions. The demand for process materials in the composites industry is highly subjected to the performance of major end markets such as aerospace, wind energy, marine, and automotive.

The impact of the COVID-19 pandemic on the demand for process materials varies from industry to industry. For instance, aerospace & defense emerged to be the biggest victims with demand falling over 30% in 2020. On the other hand, the wind energy industry flourished with a robust growth of mid-teens in 2020 propelled by huge wind turbine installations in China and the USA. Furthermore, the exceptional growth in the wind energy segment has partially offset the decline enumerated in other markets (aerospace & defense, transportation, and marine).

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·       Gain a comprehensive view on the growth strategies of the key players.

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Market Segmentation Analysis -

Stratview Research has first segmented the composite process materials market based on the end-use industry type as aerospace & defense, wind energy, marine, transportation, and others. Aerospace & defense is expected to remain the largest segment of the market over the next five years. Although the segment has been severely hit by the pandemic, it is likely to maintain its supremacy driven by a host of factors including an expected recovery in aircraft production, increasing penetration of composites in the modern aircraft programs (B787, A350XWB, and A220), high dominance of prepreg materials in the aerospace composites; and growing demand for the automation in the manufacturing processes. Wind energy also holds a reasonable share of the market and has been gaining traction over the past few years. It was the only segment that witnessed growth amid the COVID-19 pandemic.

Based on the material type, the composite process materials market is segmented as vacuum bagging film, release liner, peel ply, breathers & bleeders, and others. The release liner is estimated to maintain its huge dominance in the market and is also expected to experience the quickest recovery during the forecast period. SCK paper-based release liner held a strong dominance in the market. The vacuum bagging film segment also offers sizable opportunities in the market.

Based on the application type, the market is segmented as prepreg manufacturing, prepreg layup, infusion process, and others. Prepreg manufacturing is estimated to remain the largest segment of the market and is also expected to experience the highest growth over the next five years. Key drivers are increasing penetration of composites in modern aircraft programs (having high usage of prepreg), impressive growth in wind turbine installations coupled with the trend of large-sized blades, and the emergence of advanced composites in the automotive industry.

In terms of regions, North America is expected to remain the largest market over the next five years. The region has been the pioneer in the advanced composites industry with the presence of several small to large-sized OEMs, molders, process material suppliers, and raw material suppliers. Asia-Pacific is expected to be the fastest-growing market in the post-pandemic market developments. China is the workhorse of the region, driving the region’s share significantly.

Key Players

The key players in the market are-

• Airtech Advanced Materials Group
• Diatex S.A
• Gascogne Group
• Lintec Corporation,
• Loparex LLC
• Mondi Plc
• Precision Fabrics Group
• Sappi Limited
• Solvay SA
• The 3M Company
• Wausau Paper (Part of Essity).

Research Methodology

Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.

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