Global Composite Film Market
The GMI Research forecasts that the Composite Film Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing demand for fuel-efficient and lightweight materials and their potential to withstand lightning strikes.
Introduction of the Composite Film Market
A composite film is a feature film whose screenplay is composed of two or more distinct stories. Some of their features are electrical and thermal conductivity, fatigue, strength, density, tenacity, and corrosion resilience.
Key Players of the Global Composite Film Market:
- Northern Composites
- PARK AEROSPACE CORP.
- TORAY INDUSTRIES, INC.
- Gurit
- Henkel AG & Co. KGaA
- Axiom Materials, Inc
- SOCOMOR
- Solvay
- Hexcel Corporation
- 3M
Composite Film Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The key drivers responsible for the growth of the global composite film market include the stimulating demand for cost-effective, lightweight materials along with their augmenting application across the aerospace and defense industry. Also, the strength-to-weight proportion is higher in the composite film than steel or aluminum, which has raised their demand in enormous end-use industries. Moreover, weight reduction has proved to be an important aspect for the production sector, such as aviation and automobiles. In addition, as per the composite film market research, numerous companies have endorsed these films to reduce complete weight and fuel the efficiency of the final product. These films can resist lightning strikes, which further promotes their adoption in commercial aircraft, including Boeing 787 and Airbus 350. Approximately 50 percent of this aircraft boy is composed of these films. Hence, all these factors supplement the market growth. However, excessive risks concerned with the production process and the development of economical technologies will hinder composite film market share..
Composite Film Market Segmentation:
Segmentation by Resin Film Type
- Epoxy
- Other
Segmentation by Curing Type
- Autoclave
- Out-of-autoclave
Segmentation by Function
- Lightning Strike Protection
- Surface Protection
- Other
Segmentation by End-User Industry
- Aerospace & defense
- Automotive
- Other
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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