Opportunities for the global composite surface film market to grow at a CAGR of 6.3% by 2024

According to a new market report published by Lucintel, the future of the global composite surface film market looks promising with opportunities in the aerospace & defense, automotive and others industries. The global composite surface film market is expected to grow with a CAGR of 6.3% from 2019 to 2024. The major drivers for this market are increasing aircraft delivery and increasing penetration of composites in the structural components of aircraft.

In this market, wing, fuselage, empennage, and automotive body panel are the major application areas for surface film. Lucintel forecast that Fuselage will remain the largest application due to requirement of high quality surface finish and to reduce the effect of thermal cycling. Wing is expected to witness the highest growth over the forecast period due to the growing use of composites in wing components.

Within this market, surface preparation and protection, and surface films with LSP are the two major function of surface film. Surface preparation and protection will remain the largest segment due to its wider application area. Surface films with LSP segment is expected to witness highest growth over the forecast period due to its performance benefits, such as lightweight, higher processing efficiency, and offers lightning strike protection.

North America will remain the largest region over the forecast period due to the presence of all major aircraft OEMs and tier players. APAC is expected to witness the highest growth over the forecast period due to a growing production of aircraft models with higher composite content.
An Emerging trend, which has a direct impact on the dynamics of the industry, includes the development of surface film with higher shelf life and dual cure compatibility. 3M, Solvay, Henkel Corporation, Toray, and Park Electrochemical Corporation are among the major suppliers of composite surface film.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global composite surface film market by end use industry, application, function type, and region and has come up with a comprehensive research report entitled “Growth Opportunities for the Global Composite Surface Film Market 2019-2024: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for composites in the global composite surface film market by end use industry, application, function type, and region as follows:

By End Use Industry [Value ($M) and (M Sq. Meters) from 2013 to 2024]:

• Aerospace & Defense
• Automotive Body Panels
• Others

By Application Type [Value ($M) and Volume (M Sq. Meters) from 2013 to 2024]:

• Fuselage
• Wings
• Empennage
• Other Aerospace Components
• Automotive Body Panels
• Others

By Function Type [Value ($M) and Volume (M Sq. Meters) from 2013 to 2024]:

• Surface Preparation and Protection
• Surface Films with LSP

By Region [Value ($M) and Volume (M Sq. Meters) from 2013 to 2024]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

This 188 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.

This report answers the following 10 key questions:

Q.1 What are some of the most promising, high-growth opportunities for composites in the global composite surface film market by end use type (aerospace & defense, automotive, others) application (fuselage, wings, empennage, other aerospace components, automotive body panels, and others), function type (surface preparation and protection films, and surface films with LSP), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What M&A activity has occurred in the last 5 years?