Composite Surfacing Films Market is Likely Grow at an Impressive Rate and Reach US$ 299 Million in 2023, Says a Leading Market Intelligence Firm Stratview Research

DETROIT, September 19, 2018 /PRNewswire/ --

Stratview Research  announces the launch of a new research report on Composite Surfacing Films Market by End-Use Industry Type (Aerospace & Defense, Automotive, and Others), by Application Type (Wings,  Fuselage, Flight Control Surfaces, Automotive Body Panels, and Others), by Function Type (Surface Protection & Preparation, Lightning Strike Protection, and Others), by Curing Type (Autoclave and Out-of-Autoclave), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

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This market report, from Stratview Research, studies the composite surfacing films market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Composite Surfacing Films Market: Highlights 

Earlier structural film adhesives were used to cover the prepregs in a mold, but it did not provide a blemish-free surface to composite parts. It requires an extra set of activities, such as sanding and polishing to make it smooth and paint ready. This led to the development of resin-rich, adhesive-based composite surfacing films to reduce the surface defects by approximately 95% as well as making manufacturing easier. These films protect the composite surface from sanding and bead blasting required for paint stripping activities and eliminate surface imperfections. It is also tough to resist any cracks during thermocycling. In addition, composite surfacing film provides protection to composite parts exposed against UV radiation and lightning strike, when it is embedded with expanded copper or aluminum metallic foils.

As per Stratview Research, composite surfacing films market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 298.9 million in 2023. Organic growth of aircraft industry coupled with an increased penetration of composites in the structural sections of next-generation aircraft is the primary driver of the sustainable demand for composite surfacing films in the aerospace & defense industry. There are a host of factors burgeoning the demand for composite surfacing films in a diverse range of applications. Among all, the biggest driving factor is an increasing use of composites in the aerospace, defense, automotive, wind energy, and marine industries.

Aerospace & defense industry is expected to remain the growth engine of the market during the forecast period. Increasing production rates of the key aircraft programs, such as B737, B787, A320, and A350XWB; introduction of variants of the best-selling aircraft programs (A320neo, B737 Max, B777x, and A330neo); market entry of new aircraft (C919 and MC-21); increasing demand for high-quality and lightweight components in the aerospace industry; and increasing penetration of composites are the major growth drivers of composite surfacing films in the industry. 

In terms of application type, fuselage is expected to maintain its dominance in the market in the near future, driven by increasing penetration of composites in the segment. Application of composite surfacing films in wings is also likely to grow at an impressive rate in the coming five years.

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Higher usage of the autoclave process by major tier players across regions has made the segment dominant in the global composite surfacing films market. However, out-of-autoclave curing type is expected to witness higher growth during the forecast period.

Based on the region, North America is expected to remain the largest market during the forecast period. Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.

Key composite surfacing film manufacturers are Solvay S.A., Koninklijke TenCate B.V., The 3M Company, Gurit Holding AG, Henkel AG & Co. KGaA, Hexcel Corporation, Park Electrochemical Corporation and Axiom Materials, Inc. Development of high-performance composite surfacing films, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features 

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:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

This report studies the global composite surfacing films market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:

By End-Use Industry Type 

• Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Application Type 

• Wings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fuselage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Flight Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive Body Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Function Type 

• Surface Protection & Preparation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Lightning Strike Protection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Curing Type 

• Autoclave (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Out-of-Autoclave (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Region 

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, The Middle East, and Others)

Stratview Research has several high value market reports in the composites and advanced materials industry. Please refer to the following link to browse through our reports:  

Click Here for Other Reports from Stratview Research in the Advanced Materials Industry

Related premium market report in the advanced materials industry are: 

Composite Release Liners Market by Backing Type, by Silicone Technology Type, by Application Type, by End-Use Industry Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023

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.

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