Global Composite Repair Market Size, Share, Development, Growth and Demand Forecast to 2023 By P&S Market Research

The composite repair market is expected to rise during the forecast period (2017-2023) due to rising cost of the composite part replacements, and feasible and cost effective repairment. Commercial aircrafts namely Boeing 787 Dreamliner and Airbus A350 are showing a rise in composite contents thus providing an opportunity to carry out composite repairs on damaged structural parts of aircraft frames, wind turbine blades, automotive panels.

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According to the Royal Society of Chemistry (RSC), composite materials can be defined as the combination of two or more constituent materials that possess different composite properties (including physical and chemical properties), which when combined, produce a superior and unique material having different characteristics.

The global market for composite repair are categorized on the basis of type, process, end use, and region. Based on type, the composite repair market is classified into structural repair, semi structural repair and cosmetic. Based on process, the composite repair market is segmented into hand lay-up, vacuum infusion, autoclave, and other process like composite wrap, out-of-autoclave, prepreg molding. The hand lay-up process is widely incorporated in industries such as wind energy, construction, marine transportation, and pipes and tanks. The autoclave process, due to their high performance and smooth surface finish, is projected to bring in demand from commercial aircrafts and passenger cars.

The global composite repair market, on the basis of end use, can be segmented into aerospace and defense, wind energy, automotive and transportation, marine, construction, and pipe and tank. The global composite repair market is expected to rise during the forecast period on account of increasing penetration into the passenger vehicle market.

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Asia-Pacific has been projected to lead the global composite repair market due to strong government initiatives focusing on a cleaner environment, thereby, implanting wind energy turbines. With multinational companies entering countries in the Middle East and Africa regions and government supporting the aerospace industry, the global composite repair market is expected to flourish during the forecast period. This would in turn, increase the job opportunities in the Maintenance, Repair and Operations (MRO).

The recent developments in the field of self-healing composites include hollow fibers, lost wax process and solid-state self-healing helps in detecting damage, and change shape, hence can hinder the growth of the global composite repair market. The shortage of skilled technicians has hampered the growth of composite repair market, which has further led to increasing difficulties in fulfilling the new technological advancements varying from industry to industry.

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