A Composite film is a material that is obtained from joining constituent materials that have considerable different chemical & physical properties but when combined they produce a film or product with characteristics different from individual components. The finished product’s components remain separate and distinct from the individual components, differentiating composites from mixtures and solid solutions. Various composite materials developed are: Reinforced plastics, Ceramic matrix composites, Advanced composite materials and others. And are used in spacecraft, aircraft, bridges, structures (boat hulls), swimming pool panels, racing car bodies, shower stalls and others.
Composite Film Market: Key Players
The research study includes profiles of leading companies operating in the global composite film market. Key players profiled in the report include: 3M, Axiom Materials, Gurit, Henkel, Hexcel, Park Electrochemical Corporation, Solvay S.A. and Toray Industries Inc.
Drivers for the Global Composite Film Market:
Rising aircraft demand & delivery and increase in the penetration of composite materials in the structural components of the aircrafts globally are owing to increase the disposable income and improve the growth of the market. Overall the aircraft industry is a major driver for the composite film market.
Opportunities for the Global Composite Film Market:
Moreover, increase in the air traffic due to increase in the economy, surface film with higher shelf life and dual cure compatibility, increased efficient films that can protect from lightning, new product innovations: use of composite films in robot making and many other functions. Hence these factors are positively affecting the growth of the market and will provide a wide range of opportunities for the market in the future.
Restrains for the Global Composite Film Market:
However, due to high operational and replacement costs, high maintenance costs and sometimes improper placement of the films can lead to major loss. Hence, this can majorly hamper the growth of the composite film market.
Region Wise, Global Composite Film Market Analysis:
North America held major share in the market due to, general economic conditions, investment in new technology and government spending’s on good improved travel through automobiles and aircrafts. Besides Europe and China held high share in the market.
Global Composite Film Market: Product analysis
- Lightning Strike Protection
- Surface Protection
Global Composite Film Market: Application analysis
- Aerospace & Defense
- Automotive Body Panels
Global Composite Film Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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