Lucintel Forecasts Composite Preform Market to Reach $526 Million by 2030
Lucintel Forecasts Composite Preform Market to Reach $526 Million by 2030
Blog Article
According to the recent study the composite preform market is projected to reach an estimated $526 million by 2030 from $361 million in 2023 at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by increasing usage of composite materials in the aerospace and automotive industries, and growing demand of composite preforms to manufacture complex structure and shorten part cycle time.
Browse 127 figures/charts and 101 tables in this 147-page report to understand trends, opportunities and forecast in composite preform market by end use (aerospace, automotive, consumer goods, infrastructure, medical and marine), technology (weaving, braiding, stitching, and knitting), fiber type (carbon fiber, glass fiber, and others) and region (North America, Europe, Asia Pacific and ROW).
“Carbon fiber market is expected to remain the largest segment during the forecast period.”
Based on fiber type, the composite preform market is segmented into carbon fiber, glass fiber, and others. Lucintel forecasts that the carbon fiber market is expected to remain the largest segment due to its lightweight and high strength capabilities.
“Within the composite preform market, the aerospace segment is expected to remain the largest end use.”
Based on end use the aerospace segment is expected to witness the highest growth over the forecast period due to increasing usage of preforms in turbofan engines and fuselage frames of commercial aircrafts and stator vane of jet engines.
“North America will dominate the composite preform market in near future.”
North America is expected to remain the largest region over the forecast period due to presence of aero-engine manufacturers, aerospace composite part fabricators, and OEMs.
Major players of composite preform market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Albany International Corp., A&P Technology, T.E.A.M Inc., SLG Kumpers Gmbh & Co. KG, Bally Ribbon Mills, SAERTEX, Tex, Inc., Eurocarbon B.V. are among the major composite preform providers.
This unique 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 click on this link https://www.lucintel.com/composite-preforms-market.aspx or helpdesk@lucintel.com.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056