The global composite preforms market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Advancements in the preform technology, excellent product strength, increasing usage of composite materials in the aerospace and automotive industries and growing demand of composite preforms to manufacture complex structure are some key factors influencing the market growth. However, factors such as inability of certain composites to meet the technical requirements and stringent industrial requirements are inhibiting the market growth.
Global composite preforms market segmented on the basis of fiber type, product type, structure, application and region.
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Stitching Dominate the Global Composite Preforms Market
Based on product type, global composite preforms market segmented into stitching, braiding, knitting and weaving. Stitching held considerable market share during forecast period. Stitching has been in use for many years to provide through-the-thickness reinforcement for composite preforms. The major advantages of current stitching technologies are that they enhance damage tolerance and aid fabrication. In the past stitching could only be carried out with prepregs but the introduction of resin transfer manufacturing processes for composites saw the use of stitching for dry preforms. As a result significant gains have been realized in stitching speed. In addition, stitching can now be carried out through thicker materials and the damage to in-plane yarns has been reduced.
North America Leads the Global Composite Preforms market
PBI’s global composite preforms market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. North America accounted for larger revenue share in global composite preforms market with considerable CAGR. The growth in this region is due to existence of aero-engine manufacturers & OEMs, major preform suppliers and composite part fabricators. In addition, Europe held considerable market share during estimated period owing rising production rates of aircraft programs.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global composite preforms market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are A&P Technology Inc., Bally Ribbon Mills Inc., SGL Kumpers GmbH, GE Aircraft Engines Holdings Inc., Baverische Motoren Worken AG, Toyota Motor Corporation, Sigmatex Limited, Pratt&Whiney Company, CFM International Inc. and Albany Engineered Composites Inc..
Precision Business Insights (PBI) in its report titled “Global Composite Preforms Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
By Fiber Type
o Others (Aramid and Cellulosic)
By Product Type
o Consumer Goods
o Aerospace & Defence
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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