Materials & Chemicals Market Research News

Composite Repairs market to is likely to grow at 7.2% CAGR during 2017 - 2022

Materials and Chemicals

Composite Repairs Market research report is a study offering rich insights on market forecasts, latest market trends, market competition, and opportunity analysis.

Stratview Research announces the launch of a new research report on Composite Repairs Market This extensive report from Stratview Research, studies the BMI prepreg market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022. 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.

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This Composite Repairs Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.

  • by Part Type (Structural Repair, Semi-Structural Repair, and Non-Structural Repair) – Composite repairs for structural components is estimated to remain the largest part type
  • by Manufacturing Process Type (Hand Lay-up, Vacuum Infusion, Prepreg Lay-up, and Others) – Prepreg lay-up process is widely preferred for composite part
  • by End-Use Industry Type (Aerospace & Defense, Transportation, Building & Construction, Wind Energy and Others)- Aerospace & defense is estimated to be the fastest growing
  • and by Region (North America, Europe, Asia-Pacific, and RoW) – North America is projected to remain the largest market

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Composite Repairs Market: Insights

The global composite repairs market is projected to witness an impressive CAGR of 7.2% over the next five years, driven by increasing production of composites rich commercial and regional aircraft, such as B787 and A350XWB; increasing maintenance, repair, & overhaul (MRO) services; increasing focus on the infrastructure projects, especially in developing countries; an advancement in materials and repair automation; development of new composite applications in different industries; and rising stringent quality, environmental and safety norms.

Global composite repairs market is segmented based on part type as structural, semi-structural, and non-structural components. Composite repairs for structural components is estimated to remain the largest part type during the forecast period.

This segment is also projected to witness the highest growth in the same period, driven by increasing use of advanced composites in structural applications in the aerospace & defense and automotive industries.

Global composite repairs market is further segmented based on manufacturing process type as hand lay-up, vacuum infusion, prepreg lay-up, and others. Prepreg lay-up process is widely preferred for composite part repairs in most of the industries, such as aerospace & defense, automotive, and building & construction.

The process type is projected to remain the fastest growing process during the forecast period. Increasing penetration of composites in different industries is driving the demand for improved manufacturing process for both part fabrication and repairs.

Global composite repairs market is segmented based on end-use industry as aerospace & defense, wind energy, transportation, building & construction, and others. Aerospace & defense is estimated to be the fastest growing end-use segment in the composite repairs market during the forecast period.

Increasing penetration of composites in next generation aircraft, such as B787 and A350XWB, is creating a substantial demand for composite repairs. Various standards have been set regarding composite repairs by Commercial Aircraft Composite Repair Committee (CACRC), USA, to ensure quality and safety by the airlines.

Wind energy, transportation, marine, and building & construction are also expected to register a healthy growth in the composite repairs market over the next five years.

North America is projected to remain the largest market for composite repairs during the forecast period of 2017 to 2022. The region is the largest composites market worldwide with the presence of several large to small composites part fabricators for almost all major end-use industries, such as aerospace & defense, automotive, and marine.

Asia-Pacific is the fastest growing composite repairs market, propelled by increasing wind energy installations, upcoming indigenous commercial and regional aircraft, such as COMAC C919, ARJ21, and Mitsubishi MRJ, high automobile production, and growing building & construction market. China and India are likely to remain the growth engines of the composites market in the Asia-Pacific region and so is the composite repairs market.  

Lufthansa Technik AG; Air France Industries KLM Engineering & Maintenance; Guangzhou Aircraft Maintenance Engineering Co.; GA Telesis Composite Repair Group, LLC; Furmanite; EDF Renewable Energy; and Broadwind Energy are some of the major composite repair players in the market. New product development and collaboration with customers are some of the key strategies adopted by companies 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 into 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

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