World Braided Composites to Reach USD 382.5 Mln in 2022, Predicts Stratview Research in Its Topical Report Available at MarketPublishers.com
09 Jan 2018 • by Natalie Aster
LONDON – The world braided composites market generates robust growth opportunities in the entire ecosystem, and its market size is projected to reach USD 382.5 million in 2022. The market demand is being stimulated b the growing production of the next-gen aircraft, like A350XWB; surging production of luxury and hybrid cars; soaring demand for lightweight parts with a view to boosting fuel economy or reducing CO2 emissions; increasing concern over decreasing VOC emissions; and a superior performance of braided parts. Braiding makes composite parts stronger, damage tolerant, and stiffer. Further, low VOC emission and minimal rejection rate are increasing the technology’s adoption rate in the different industry verticals.
Based on end-user sector, aerospace & defense is anticipated to remain the dominant segment of the market through to 2022. Automotive is set to continue to be the most rapid growing segment of the world braided composites marketplace in the offing. With respect to architecture type, the triaxial braided composite segment is set to keep on dominating the market over the forecast period.
North America, led by the USA, is likely to continue to be the top braided composites marketplace in the foreseeable future, driven by the rise of the aerospace & defense industry in the region.
BMW AG, GE Aviation, Sigma Precision Components, Airbus Group, Exelis, and GKN Aerospace, among others, are the leading players in the marketplace.
Topical research report “Global Braided Composites Market” drawn up by Stratview Research offers a close look at the present state of the market on a global level.
The study discusses the market structure. It examines key growth driving and limiting factors, includes Porter’s five forces analysis, offers a granular SWOT analysis, and provides market trends and forecasts. The report offers market segmentation based on end-use industry, architecture type, fiber type, and region-wise. The research examines the competitive environment and dynamics covering market share, products, product launches, etc. It takes a look at the attractive market segments and related growth opportunities; keeps track of emerging trends. The study discusses strategic growth opportunities for the current and new players. It provides competitive benchmarking of the leading players with product portfolio, global reach, regional presence, and strategic alliances. Furthermore, key success factors are also reviewed in the report.
Follow Stratview Research online page to find many other topical research reports elaborated by this company.