PUBLISHER: Allied Market Research | PRODUCT CODE: 1239541
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239541
The global composite process material kits market is envisioned to garner $196.5 million by 2031, growing from $109.4 million in 2021 at a CAGR of 6.3% from 2022 to 2031.
A composite manufacturing technique called filament winding is mostly used to create hollow, cylinder-shaped, and circular items, such as pipes, poles, and tanks. The mandrel must be rotated during this operation, and the fiber tows (or tow pregs) must be wound over the mandrel in the appropriate orientations. The fiber tows are treated with resin either during the winding process or by using towpregs that have already been impregnated.
Some of the disadvantages of composite process material such as strict environmental regulations, higher expenses, and limits for waste disposal-are just a few of the market dynamics that are limiting the market. Additionally, composite end-of-life waste management is coming under close examination due to the growing use of life cycle assessment as a component of the material selection process in several sectors. Additionally, composite materials are more expensive and difficult to fix than metals, even if it may be claimed that adopting a more durable material will eventually cost less money. In the upcoming years, the demand for composite process materials is anticipated to decline as a result.
A huge pressure vessel with a heating capacity is known as an autoclave. One of the popular processes in the aerospace industry for producing advanced composites is autoclave molding. Prepreg textiles (fabrics impregnated with uncured resin) are cut to the correct dimensions, piled, and put over the bottom mold half in the initial step of autoclave processing. This level is often done by hand lay-up, however, using ATP will be quite beneficial. Peel ply, breather, and vacuum bags are consecutively positioned on the fabric preform after the fabric installation stage.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. This has ultimately lowered the demand for composite process material kits due to disruptions in supply chain, closure of manufacturing plants, as well as economic slowdown across several countries. In addition, the import-export restrictions were laid down on major composite process material kits producing countries such as the U.S. and China. For instance, sanitization of goods being imported from China was imposed by several countries. In addition, the construction & automotive sector faced the highest impact in terms of sales and acquisition of new projects due to which the composite process material kits demand reduced significantly.
The key players profiled in this report include: Airtech Advanced Materials Group, Aerovac Composites One, Shanghai Leadgo-Tech Co., Ltd., Diatex SAS, InCom Group, Metyx Composites, GEFiM, Pro-Vac Vacuum Consumables, Velocity Composites plc, and Solvay S.A.