DUBLIN--(BUSINESS WIRE)--The "Composite Vacuum Consumables Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The market experienced a decline of -6.1% in the year 2020 and is estimated to recover in 2021 followed by a healthy CAGR of 7.1% over the next five years to reach US$ 0.7 Billion in 2026.
Among process materials used in the composites industry, vacuum consumables accounted for a lion's share of 61% in the year 2020.
Vacuum consumables include vacuum bagging film, release film, peel ply, breather & bleeder, pressure-sensitive tape, sealing tape, vacuum hose, vacuum pump, etc. Vacuum consumables are used during composite parts manufacturing through different processes, such as infusion process, prepreg layup process, filament winding, and wet layup. Vacuum consumables perform a major function of reducing surplus air and resin from the laminate which results in improved performance and reduced VOC emissions.
Exceptional growth in the wind energy segment helped the market stakeholders to offset the loss generated from other market stakeholders during the trying time in 2020. Also, the vacuum consumables market recorded a relatively less decline than the overall advanced composites industry in 2020.
Segment Analysis
Based on the material type, the composite vacuum consumables market is segmented as vacuum bagging film, release film, peel ply, breathers & bleeders, and others. Vacuum bagging film is expected to remain the largest material type in the market during the forecast period.
Different materials are dominant in the different composite vacuum consumables. Nylon is a dominant material type and is widely used for making vacuum bagging films, whereas PET and polyolefin are used for making release films. Release films are not reusable and can be used once for making parts, which will result in their repeated demand and higher growth rate as compared to vacuum bagging films.
Based on the application type, the market is segmented as prepreg layup, infusion process, and others. The infusion process is expected to remain the dominant application type, whereas prepreg layup is likely to experience the highest growth during the forecast period. Wind energy and marine are the growth engines of the infusion process.
Blades and nacelles in wind energy and hulls and decks in marine are the key applications of the infusion process which require a substantial amount of vacuum consumables, whereas the aerospace & defense industry is the major user of the prepreg layup process.
Wind energy is expected to remain the dominant end-use industry type in the market, whereas aerospace & defense is expected to experience the highest growth during the forecast period. High wind turbine installations across the world are the prime growth driver of the vacuum consumables market. Aerospace & defense has been the biggest user of advanced composites as most of the composite parts are made of carbon fiber epoxy composites in the form of prepreg.
In terms of regions, Asia-Pacific is expected to remain the largest market for composite vacuum consumables during the forecast period, driven by a host of factors, such as upcoming indigenous commercial & regional aircraft; increasing automobile production; high wind turbine installations; and continuous shift of the electrical & electronics industry from developed regions to the key developing Asian countries, such as China. North America and Europe to create a healthy demand in the coming years.
Key Players
Composite One acquired the process materials business from Solvay S.A. in March 2021. The acquisition led the company to be the second-largest provider of process materials in the composites industry.
The following are the key players in the composite vacuum consumables market:
- Airtech Advanced Materials Group
- Solvay SA (Process Materials Division Recently Acquired by Composites One)
- Diatex S.A.
- Precision Fabrics Group
- Kejian Polymer Materials (Shanghai) Co., Ltd
- Metyx Composites
- Vactech Composites
- DuPont
- K.R. Composites Pvt. Ltd.
- Cramer Fabrics Inc.
Key Topics Covered:
1. Executive Summary
2. Composite Vacuum Consumables Market Environment Analysis
2.1. Supply Chain Analysis
2.2. PEST Analysis
2.3. Industry Life Cycle Analysis
2.4. Market Drivers
2.5. Market Challenges
3. Composite Vacuum Consumables Market - The COVID-19 Impact Assessment
3.1. Composite Vacuum Consumables Market Trend and Forecast (US$ Million)
3.2. Market Trend and Forecast (US$ Million)
3.3. Pre-COVID vs Post-COVID Assessment
3.4. Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic Scenarios
3.5. GDP Loss vs Market Loss
4. Composite Vacuum Consumables Market Assessment (2015-2026)
4.1. Material-Type Analysis
4.1.1. Vacuum Bagging Flim: Regional Trend and Forecast (US$ Million)
4.1.2. Release Flim: Regional Trend and Forecast (US$ Million)
4.1.3. Peel Ply: Regional Trend and Forecast (US$ Million)
4.1.4. Breather & Bleeders: Regional Trend and Forecast (US$ Million)
4.1.5. Others: Regional Trend and Forecast (US$ Million)
4.2. Application-Type Analysis
4.2.1. Prepreg Layup: Regional Trend and Forecast (US$ Million)
4.2.2. Infusion Process: Regional Trend and Forecast (US$ Million)
4.2.3. Others: Regional Trend and Forecast (US$ Million)
4.3. End-Use Industry-Type Analysis
4.3.1. Aerospace & Defense: Regional Trend and Forecast (US$ Million)
4.3.2. Wind Energy: Regional Trend and Forecast (US$ Million)
4.3.3. Marine: Regional Trend and Forecast (US$ Million)
4.3.4. Transportation: Regional Trend and Forecast (US$ Million)
4.3.5. Others: Regional Trend and Forecast (US$ Million)
4.4. Regional Analysis
5. Competitive Analysis
5.1. Market Consolidation Level
5.2. Competitive Landscape
5.3. Market Share Analysis
5.4. Key Information of the Leading Players
5.5. Product Portfolio Analysis
5.6. Geographical Presence
5.7. Key Target Areas for Product Developments
5.8. Strategic Alliances
5.9. Porter's Five Forces Analysis
6. Strategic Growth Opportunities
6.1. Market Attractiveness Analysis
6.2. Emerging Trends
6.3. Key Strategic Implications
6.4. Key Success Factors (KSFs)
7. Company Profile of Key Players (Alphabetically Arranged)
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