Composite Structural Material Kits Market is Forecasted to Reach US$ 476 million in 2027, Says Stratview Research

The global composite structural material kits market is projected to witness a growth rate of 12% annually from 2022 to 2027, with an anticipated size of US$ 476 million by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global composite structural material kits market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2027: US$ 476 million
Growth (CAGR): 12% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Composite Structural Material Kits Market:
The global composite structural material kits market is segmented based on material type, process type, end-use Industry type, and region.

Based on material type - The composite structural material kits market is segmented as preforms, prepregs, and others. Preform is estimated to lead the market and is likely to grow at the fastest rate during the forecast period too. Preforms are tailor-made kits designed as per the customers' specifications. The aerospace industry is the biggest user of preforms. For instance, the fan case of the GEnx engine (B787 and B747-8) is manufactured using braiding, supplied by A&P Technology. Similarly, braided fabrics are also used in medical (prosthetics and orthotics) for applications such as prosthetic limbs. In the case of prepregs, kits are preferably used for maintenance and repairs.

Based on the end-use Industry type - Stratview Research has segmented the composite structural material kits market based on the end-use industry type as aerospace & defense, wind energy, marine, transportation, and others. Aerospace & defense is expected to remain the biggest demand generator of structural kits over the next five years and is also likely to experience the highest growth during the forecast period too, driven by a host of factors including an expected recovery in aircraft production, increasing penetration of composites in the modern aircraft programs, increasing preference of kits, high dominance of prepreg materials in the aerospace composites; and growing demand for the automation in the manufacturing processes. Also, the aerospace industry necessitates a high level of accuracy, precision, and lightweight parts, further fueling the structural kits demand.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/2888/composite-structural-material-kits-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market over the next five years. This growth outlook is majorly attributed to the following-
- The region has been the pioneer in the advanced composites industry with the presence of several small to large-sized OEMs, molders, kit suppliers, and raw material suppliers.
- Asia-Pacific is expected to be the fastest-growing market in the post-pandemic market developments. China is the workhorse of the region, driving the region's share significantly.

Composite Structural Material Kits Market Drivers:

Some of the key drivers listed in the report are given below.
- Rising demand in aerospace, automotive, and marine industries for lightweight, high-strength materials.
- Advancements in composite manufacturing, increasing renewable energy projects, and stringent environmental regulations.

Top Companies in the Composite Structural Material Kits Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• A&P Technology, Inc.
• Bally Ribbon Mills
• Fabric Development, Inc.
• Groupe Gazechim Composites
• Highland Composites
• Aerovac Composites One
• 3Tex Inc.
• Coast-Line International
• Heatcon Composite Systems
• Velocity Composites plc

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Composite Structural Material Kits Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Composite Preforms Market: https://www.stratviewresearch.com/96/composite-preforms-market.html

• Prepreg Market: https://www.stratviewresearch.com/1059/prepreg-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.