Feb 1, 2019   SOURCE: BusinessWire

Global Composite Surfacing Films Market Forecast, Competitive Analysis and Growth Opportunity: 2018-2023 - ResearchAndMarkets.com

The "Composite Surfacing Films Market by End-Use Industry Type, by Application Type, by Function Type, by Curing Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The 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 the aircraft industry coupled with an increased penetration of composites in the structural sections of the next-generation aircraft is the primary driver of the sustainable demand for composite surfacing films in the aerospace & defense industry.

Airbus anticipated that there would be total deliveries of 37,390 aircraft worth US$ 5.8 trillion in the global marketplace during 2018-2037.

Rising demand for the aerodynamic surface, high-quality surface finish with reduced imperfections and paint preparation activities have created an ample growth opportunity for composite surfacing film manufacturers in the aerospace & defense industry. Increasing usage of non-conductive composites in the exterior parts of the next-generation aircraft has also increased concerns of airlines regarding the safety and security of inboard passengers and crew members against lightning strikes.

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.

Increasing penetration of composites in the key aircraft programs, such as the development of all-composite wings and fuselage structures of B787 and A350XWB aircraft programs, is the major factor driving the growth of composite surfacing films in the aerospace & defense industry.

Increasing usage of CFRP in the automotive body panels along with a striving demand for getting Class-A body painted surface finish has created ample opportunities for the composite surfacing film manufacturers to develop and innovate composite surfacing films for the automotive industry.

Another factor, which is acting as a catalyst to the growth of composite surfacing films, is consistently increasing automobile production. Currently, the global automobile production has been at its peak with all four regions marking overall positive developments in the production of automobiles.

The market is segmented based on the end-use industry type as Aerospace & Defense, Automotive, and Others. 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. Wind energy, automotive, and marine are the other major end-use industries of composite surfacing films.

Based on the application type, the market is segmented into Wings, Fuselage, Flight Control Surfaces, Automotive Body Panels, and Others. The fuselage application segment is expected to maintain its dominance in the market during the forecast period, 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.

Based on the curing type, the market is segmented into Autoclave and Out-of-Autoclave. Higher usage of the autoclave process by major tier players across regions has made the segment dominant in the market. However, out-of-autoclave curing type is expected to witness a higher growth during the forecast period.

Topics Covered

1. Executive Summary

2. Composite Surfacing Films Market - Overview and Market Forces

3. Composite Surfacing Films Market Analysis - By End-Use Industry Type

  • Strategic Insights
  • Aerospace & Defense: Composite Surfacing Films Market Trend and Forecast
  • Automotive: Composite Surfacing Films Market Trend and Forecast
  • Others: Composite Surfacing Films Market Trend and Forecast

4. Composite Surfacing Films Market Analysis - By Application Type

  • Strategic Insights
  • Wings: Composite Surfacing Films Market Trend and Forecast
  • Fuselage: Composite Surfacing Films Market Trend and Forecast
  • Flight Control Surfaces: Composite Surfacing Films Market Trend and Forecast
  • Automotive Body Panels: Composite Surfacing Films Market Trend and Forecast
  • Others: Composite Surfacing Films Market Trend and Forecast

5. Composite Surfacing Films Market Analysis - By Function Type

  • Strategic Insights
  • Surface Protection & Preparation: Composite Surfacing Films Market Trend and Forecast
  • Lightning Strike Protection: Composite Surfacing Films Market Trend and Forecast
  • Other Functions: Composite Surfacing Films Market Trend and Forecast

6. Composite Surfacing Films Market Analysis - By Curing Type

  • Strategic Insights
  • Autoclave-Cured Composite Surfacing Films Market Trend and Forecast
  • Out-of-Autoclave-Cured Composite Surfacing Films Market Trend and Forecast

7. Composite Surfacing Films Market Analysis - By Region

  • Strategic Insights
  • North American Composite Surfacing Films Market Analysis
  • European Composite Surfacing Films Market Analysis
  • Asia-Pacific's Composite Surfacing Films Market Analysis
  • RoW's Composite Surfacing Films Market Analysis

8. Competitive Analysis

9. Strategic Growth Opportunities

10. Company Profiles of Key Players

  • Axiom Materials
  • The 3M Company
  • Gurit Holding
  • Henkel
  • Hexcel Corporation
  • Koninklijke TenCate
  • Park Electrochemical Corporation
  • Solvay

For more information about this report visit https://www.researchandmarkets.com/research/2nxb2v/global_composite?w=4