HOME Top Market Reports Composite Repairs Market by Type (Structural, Semi-Structural, Cosmetic), Process (Hand Lay-Up, Vacuum Infusion, Autoclave), End-Use Industry (Aerospace & Defense, Wind Energy, Automotive & Transportation), and Region - Global Forecast to 2026

Composite Repairs Market by Type (Structural, Semi-Structural, Cosmetic), Process (Hand Lay-Up, Vacuum Infusion, Autoclave), End-Use Industry (Aerospace & Defense, Wind Energy, Automotive & Transportation), and Region - Global Forecast to 2026

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: CH 4906

 

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The composite repairs market was valued at USD 9.44 Billion in 2015 and is projected to reach USD 21.97 Billion by 2026, at a CAGR of 8.0% between 2016 and 2026.

Objectives of the report are as follows:

  • To define and segment the market for composite repairs
  • To provide detailed information regarding major factors influencing the growth of the composite repairs market (drivers, restraints, opportunities, and challenges)
  • To analyze and forecast the market size of composite repairs, in terms of value
  • To analyze the market segmentation and project the market size, in terms of value, for key regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa
  • To analyze competitive developments such as new services offered, capacity expansions, mergers & acquisitions, and partnerships & agreements taking place in the market
  • To strategically profile key players of the composite repairs market

The base year considered for the study is 2015 while the forecast period is between 2016 and 2026.

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global market and to estimate the sizes of various other dependent submarkets in the overall composite repairs market. The research study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for technical, market-oriented, and commercial study of the composite repairs market.

To know about the assumptions considered for the study, download the pdf brochure

The value chain of the composite repairs market includes sourcing of basic raw materials, labor, composite repair service providers, and the end-use industries. Raw materials providers for composite repairs are Hexcel (U.S.), Gurit (Switzerland), The 3M Company (U.S.), Henkel AG & Co. KGaA (Germany), Sherwin-Williams (U.S.), Heatcon Composite Systems (U.S.), and WichiTech Industries Inc. (U.S.) among others.

Key Target Audience:

  • Raw Material Suppliers
  • Composite Material Distributors
  • Composite Material Suppliers
  • Composite Part Manufacturers
  • Composite Repair Service Providers
  • End Users
  • Government & Regional Agencies, Research Organizations, and Investment Research Firms

Scope of the Report:

This research report categorizes the composite repairs market on the basis of type, process, end-use industry, and region.

On the basis of Type:

  • Structural
  • Semi-structural
  • Cosmetic

On the basis of Process:

  • Hand Lay-up
  • Vacuum Infusion
  • Autoclave
  • Others

On the basis of End-Use Industry:

  • Aerospace & Defense
  • Wind Energy
  • Automotive & Transportation
  • Marine
  • Construction
  • Pipe & Tank
  • Others

On the basis of region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa\

The market is further analyzed for key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Geographic Analysis:

  • Country-level analysis of the composite repairs market based on end-use industry

Company Information:

  • Detailed analysis and profiling of additional market players

Product Analysis

  • Product Matrix, which gives a detailed comparison of product portfolio of each company

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Composite Repair
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Market Size
           2.2.2 Bottom-Up Approach
           2.2.3 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Composite Repair Market
    4.2 Asia-Pacific Composite Repair Market, By Country and End-Use Industry, 2015
    4.3 Global Composite Repair Market Attractiveness

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Segmentation
           5.2.1 By Type
           5.2.2 By Process
           5.2.3 By End-Use Industry
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Investment in Rehabilitation of Old Structures
                    5.3.1.2 Cost Saving Associated With Composite Structure Repair
           5.3.2 Restraints
                    5.3.2.1 Low Penetration of Composites in End-Use Industries in the Least Developed Countries
                    5.3.2.2 Introduction of Self-Healing Composites
           5.3.3 Opportunities
                    5.3.3.1 Increasing Use of Composites in End-Use Industries
                    5.3.3.2 New and Advanced Technologies Introduced in the Market
                    5.3.3.3 Automation of Composite Repair
           5.3.4 Challenges
                    5.3.4.1 Skilled Labor Shortage
                    5.3.4.2 Lack of Standardization on Material and Testing
                    5.3.4.3 Financial Loss During Composite Repair

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value-Chain Analysis
           6.2.1 Raw Material and Labor
           6.2.2 Repair Service Providers
           6.2.3 End-User Industries
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Threat of New Entrants
           6.3.3 Threat of Substitutes
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Macroeconomic Overview
           6.4.1 Introduction
           6.4.2 Commercial Aircraft Delivery Trend, By Model, 2007–2016
           6.4.3 Passenger Cars Sales Trend, 2010–2015
           6.4.4 Wind Energy Cumulative Capacity Installation (MW), By Country, 2005–2015
    6.5 Patent Analysis

7 Composite Repair Market, By Type (Page No. - 54)
    7.1 Introduction
           7.1.1 Structural Repair
           7.1.2 Semi-Structural
           7.1.3 Cosmetic

8 Composite Repair Market, By Process (Page No. - 59)
    8.1 Introduction
           8.1.1 Hand Lay-Up
           8.1.2 Vacuum Infusion
           8.1.3 Autoclave
           8.1.4 Other Processes
                    8.1.4.1 Composite Wrap
                    8.1.4.2 Out-Of-Autoclave
                    8.1.4.3 Prepreg Molding

9 Composite Repair Market, By End-Use Industry (Page No. - 67)
    9.1 Introduction
           9.1.1 Aerospace & Defense
                    9.1.1.1 Commercial Aircraft
                    9.1.1.2 Business and General Aviation Aircraft
                    9.1.1.3 Civil Helicopter
                    9.1.1.4 Military Aircraft
           9.1.2 Wind Energy
                    9.1.2.1 Wind Turbine Blade
           9.1.3 Automotive & Transportation
                    9.1.3.1 Automobile
                    9.1.3.2 Rail
           9.1.4 Marine
                    9.1.4.1 Power Boat
                    9.1.4.2 Sail Boats
                    9.1.4.3 Cruise Ship
           9.1.5 Construction
                    9.1.5.1 Civil Construction
                    9.1.5.2 Residential & Commercial Building
           9.1.6 Pipe & Tank
                    9.1.6.1 Oil & Gas
                    9.1.6.2 Sewage
                    9.1.6.3 Chemical
                    9.1.6.4 Irrigation
           9.1.7 Other End-Use Industries
                    9.1.7.1 Sporting Goods
                    9.1.7.2 Medical
                    9.1.7.3 Electrical & Electronics

10 Composite Repair Market, By Region (Page No. - 83)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 U.K.
             10.3.4 Spain
             10.3.5 Rest of the Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Australia & New Zealand
             10.4.4 Japan
             10.4.5 South Korea
             10.4.6 Taiwan
             10.4.7 Thailand
             10.4.8 Rest of the Asia-Pacific
     10.5 Middle East & Africa
             10.5.1 UAE
             10.5.2 Saudi Arabia
             10.5.3 South Africa
             10.5.4 Rest of the Middle East & Africa
     10.6 Latin America
             10.6.1 Brazil
             10.6.2 Mexico
             10.6.3 Rest of Latin America

11 Competitive Landscape (Page No. - 125)
     11.1 Overview
     11.2 Competitive Situations and Trends
     11.3 Agreements & Contracts
     11.4 Services and Technology Advancements
     11.5 Expansions
     11.6 Mergers & Acquisitions

12 Company Profiles (Page No. - 130)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     12.1 Lufthanasa Technik, AG.
     12.2 Air France-KLM E&M.
     12.3 HAECO 
     12.4 Upwind Solutions
     12.5 Total Wind Group A/S.
     12.6 Technical Wind Services
     12.7 Citadel Technologies.
     12.8 Milliken Infrastructure.
     12.9 T.D. Williamson.
     12.10 West System.
     12.11 WR Composite
     12.12 Fibrwrap
     12.13 Concrete Repairs Ltd.
     12.14 Walker Technical Resources Ltd.
     12.15 Other Key Players in Market:
             12.15.1 Furmanite Corporation
             12.15.2 Armor Plate
             12.15.3 Composite Technologies Ltd
             12.15.4 FGS Composites
             12.15.5 Hamble Yacht Services
             12.15.6 Crawford Composites LLC.
             12.15.7 Delft Infra Composites

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 152)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (89 Tables)

Table 1 Total New-Generation Commercial Aircraft Delivered Till 2016
Table 2 Cumulative Capacity of Wind Energy in Top 5 Countries: 2015
Table 3 Market Segmentation: By Type
Table 4 Market Segmentation: By Process
Table 5 Market Segmentation: By End-Use Industry
Table 6 Trends in Commercial Aircraft Delivery, By Model, 2007–2016
Table 7 Passenger Cars Sales Trend, By Country
Table 8 Wind Energy Cumulative Capacity Installation Trend, 2005–2015
Table 9 Composite Repair Market Size, By Type, 2014–2026 (USD Million)
Table 10 Structural Composite Repair Market Size, By Region, 2014–2026 (USD Million)
Table 11 Semi-Structural Composite Repair Market Size, By Region, 2014–2026 (USD Million)
Table 12 Cosmetic Composite Repair Market Size, By Region, 2014–2026 (USD Million)
Table 13 Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 14 Hand Lay-Up Composite Repair Market Size, By Region, 2014–2026 (USD Million)
Table 15 Vacuum Infusion Composite Repair Market Size, By Region, 2014–2026 (USD Million)
Table 16 Autoclave Composite Repair Market Size, By Region, 2014–2026 (USD Million)
Table 17 Other Processes Composite Repair Market Size, By Region, 2014–2026 (USD Million)
Table 18 Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 19 Composite Repair Market Size in Aerospace & Defense, By Region, 2014–2026 (USD Million)
Table 20 Composite Repair Market Size in Wind Energy, By Region, 2014–2026 (USD Million)
Table 21 Composite Repair Market Size in Automotive & Transportation, By Region, 2014–2026 (USD Million)
Table 22 Composite Repair Market Size in Marine, By Region, 2014–2026 (USD Million)
Table 23 Composite Repair Market Size in Construction, By Region, 2014–2026 (USD Million)
Table 24 Composite Repair Market Size in Pipe & Tank, By Region, 2014–2026 (USD Million)
Table 25 Composite Repair Market Size in Other End-Use Industries, By Region, 2014–2026 (USD Million)
Table 26 Composite Repair Market Size, By Region, 2014–2026 (USD Million)
Table 27 North America: Composite Repair Market Size, By Country, 2014–2026 (USD Million)
Table 28 North America: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 29 North America: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 30 U.S.: Composite Repair Market Size, By Process,2014–2026 (USD Million)
Table 31 U.S.: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 32 Canada: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 33 Canada: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 34 Europe: Composite Repair Market Size, By Country, 2014–2026 (USD Million)
Table 35 Europe: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 36 Europe: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 37 Germany: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 38 Germany: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 39 France: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 40 France: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 41 U.K.: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 42 U.K.: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 43 Spain: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 44 Spain: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 45 Rest of the Europe: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 46 Rest of the Europe: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 47 Asia-Pacific: Composite Repair Market Size, By Country, 2014–2026 (USD Million)
Table 48 Asia-Pacific: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 49 Asia-Pacific: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 50 China: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 51 China: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 52 India: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 53 India: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 54 Australia & New Zealand: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 55 Australia & New Zealand: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 56 Japan: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 57 Japan: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 58 South Korea: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 59 South Korea: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 60 Taiwan: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 61 Taiwan: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 62 Thailand: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 63 Thailand: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 64 Rest of the Asia-Pacific: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 65 Rest of the Asia-Pacific: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 66 Middle East & Africa: Composite Repair Market Size, By Country, 2014–2026 (USD Million)
Table 67 Middle East & Africa: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 68 Middle East & Africa: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 69 UAE: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 70 UAE: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 71 Saudi Arabia: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 72 Saudi Arabia: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 73 South Africa: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 74 South Africa.: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 75 Rest of the Middle East & Africa: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 76 Rest of the Middle East & Africa: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 77 Latin America: Composite Repair Market Size, By Country, 2014–2026 (USD Million)
Table 78 Latin America: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 79 Latin America: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 80 Brazil: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 81 Brazil: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 82 Mexico: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 83 Mexico: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 84 Rest of Latin America: Composite Repair Market Size, By Process, 2014–2026 (USD Million)
Table 85 Rest of Latin America: Composite Repair Market Size, By End-Use Industry, 2014–2026 (USD Million)
Table 86 Agreements & Contracts, 2013–2016
Table 87 Services & Technical Advancements, 2012–2016
Table 88 Expansions, 2014–2015
Table 89 Mergers & Acquisitions, 2015


List of Figures (50 Figures)

Figure 1 Composite Repair: Market Segmentation
Figure 2 Composite Repair Market: By Region
Figure 3 Composite Repair Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Composite Repair Market: Data Triangulation
Figure 7 Structural Composite Repairs to Remain the Dominant Segment Till 2026
Figure 8 Hand Lay-Up is A Major Process Used in Composite Repair: 2016-2026
Figure 9 Aerospace & Defense Segment to Account for the Largest Share in the Composite Repairs Services Market Between 2016 and 2026
Figure 10 Asia-Pacific to Be the Highest Growing Market for Composite Repair Between 2016 and 2026
Figure 11 Growing Usage of Composites in Aerospace & Defense and Wind Blades to Drive the Composite Repair Market
Figure 12 Aerospace & Defense Accounted for the Largest Share in the Asia-Pacific Composite Repair Market
Figure 13 Automotive & Transportation Segment to Register the Highest CAGR: 2016-2026
Figure 14 Cosmetic Type Segment to Register the Highest CAGR: 2016-2026
Figure 15 Autoclave Process Segment to Register the Highest CAGR: 2016-2026
Figure 16 Composite Repair Market: Market Dynamics
Figure 17 Composite Repair: Value-Chain Analysis
Figure 18 Porter’s Five Forces Analysis
Figure 19 Highest Number of Patents Were Published in Europe in the Past Four Years
Figure 20 Structural Segment Accounted for Major Share of the Composite Repair Market, 2015 (USD Million)
Figure 21 Asia-Pacific to Account for the Largest-Share in Structural Composite Repair Market Between 2016 and 2026
Figure 22 Asia-Pacific to Lead the Semi-Structural Composite Repair Market By 2026
Figure 23 Asia-Pacific and North America to Account for Largest Market in the Cosmetic Composite Repair Market Between 2016 and 2026
Figure 24 Hand Lay-Up Process Segment Dominated the Composite Repair Market, 2015 (USD Million)
Figure 25 Asia-Pacific to Account for Largest Share in Hand Lay-Up Process Segment of the Composite Repair Market Between 2016 and 2026
Figure 26 Asia-Pacific to Lead the Vacuum Infusion Process Segment in the Composite Repair Market By 2026
Figure 27 Asia-Pacific to Lead the Autoclave Process Segment in the Composite Repair Market Between 2016 and 2026
Figure 28 Asia-Pacific to Lead the Other Processes Segment of the Composite Repair Market Between 2016 and 2026
Figure 29 Aerospace & Defense Segment Was the Largest End-Use Industry in the Global Composite Repair Market: 2015
Figure 30 Asia-Pacific is Expected to Lead the Composite Repair Market in the Aerospace & Defense Industry Between 2016 and 2026
Figure 31 Asia-Pacific is Expected to Remain the Largest Market for Composite Repair in the Wind Energy Industry Between 2016 and 2026
Figure 32 North America is Expected to Lead the Composite Repair Market in the Automotive & Transportation Industry Between 2016 and 2026
Figure 33 Asia-Pacific is Expected to Lead the Composite Repair Market in the Marine Industry Between 2016 and 2026
Figure 34 North America is Expected to Remain the Largest Market for Composite Repair in the Construction Industry Between 2016 and 2026
Figure 35 Asia-Pacific is Expected to Lead the Composite Repair Market in the Pipe & Tank Industry Between 2016 and 2026
Figure 36 Asia-Pacific Accounted for the Largest Market Size for Composite Repair in the Other End-Use Industries Between 2016 and 2026
Figure 37 Regional Snapshot: China to Drive the Composite Repair Market With the Highest CAGR Between 2016 and 2026
Figure 38 U.S. Market Snapshot: 2016 vs 2026
Figure 39 Asia-Pacific Snapshot: China to Be the Fastest Growing Market in the Region Between 2016 and 2026
Figure 40 Asia-Pacific Market Snapshot: Country-Wise Market Share of Composite Repair in Aerospace & Defense, Wind Energy, and Automotive & Transportation in 2015 (USD Million)
Figure 41 Companies Adopted Partnership, Agreement, and Collaboration as the Key Growth Strategies Over the Past Four Years
Figure 42 Market Evaluation Framework: Contracts & Agreements Were the Growth Booster in the Composite Repair Market
Figure 43 Battle for Developmental Market Share: Agreements & Contracts Were the Key Strategies
Figure 44 Lufthanasa Technik, AG.: Company Snapshot
Figure 45 SWOT Analysis: Lufthanasa Technik, AG.
Figure 46 Air France-KLM E&M.: Company Snapshot
Figure 47 SWOT Analysis: Air France-KLM E&M.
Figure 48 HAECO: Company Snapshot
Figure 49 SWOT Analysis: HAECO
Figure 50 Fibrwrap: Company Snapshot

The composite repairs market is projected to reach USD 21.97 Billion by 2026, at a CAGR of 8.0% between 2016 and 2026. Increasing composite contents in new generation commercial aircraft such as Boeing 787 Dreamliner and Airbus A350 and significant addition to wind energy capacity in the past 10–15 years in countries such as China, the U.S., India, Germany, and Spain are expected to drive the composite repairs market in the future. Composite components are costlier to replace. Thus, repair is the most viable and cost-effective option.

Composite repairs are carried out on damaged parts of aircraft, wind blades, automotive panels, hull & deck of boat, panels used in buildings, bridges, and leakage in pipe & tanks. Based on end-use industry, the aerospace & defense segment accounted for the largest share of the composite repairs market in 2015 and is expected to lead during the forecast period.

Among the three key repair processes, the hand lay-up process is majorly used during composite repairs in industries such as wind energy, construction, marine, transportation, and pipe & tank, as it is cost-effective. Based on process, the autoclave segment is projected to grow at the highest CAGR between 2016 and 2026 with increasing application in commercial aircraft and passenger cars due to high performance and surface finish requirements. Other processes include composite wrap, prepreg molding, and out-of-autoclave.

Increasing use of composite repairs in the aerospace & defense and wind energy industries has been driving the composite repairs market. Asia-Pacific is projected to grow at the highest CAGR between 2016 and 2026. Growing maintenance, repair, and overhaul (MRO) as well as increasing composite repair activity in China, Japan, India, and South East Asian countries are expected to drive the composite repairs market for aerospace & defense in the region. Existing wind energy capacity in China, India, Japan, and Australia is expected to drive the composite repairs market for wind energy during the short-term forecast period. Upcoming wind turbine installations in India and South East Asian countries is expected to fuel the composite repairs market during the long-term forecast period.

The Middle East & Africa offer several growth opportunities to the composite repairs market for aerospace, as the MRO industry is expected to experience significant growth with multinational companies entering the market and governments supporting the aerospace MRO industry to create jobs.

The composite repairs market is facing shortage of skilled labor. With the increasing number of ageing composite structures, the market will require huge number of experienced technicians, as effective repair is necessary to avoid any financial loss due to project downtime. The market also lacks standardization of material and testing process. Repair process and material varies from industry to industry. Moreover, financial loss of the operator during the repair and project downtime is also a challenge that the composite repairs market is facing.

Contracts & agreements was the most preferred strategy among composite repair service providers to expand their geographic reach and cater to end users across regions between 2012 and 2016. This strategy accounted for a major share of all the developmental strategies adopted between 2012 and 2016.

For instance, the Lufthansa Technik AG has expanded its customer base in the U.S. In July 2016, Lufthansa Technik AG (Germany) and GE Aviation (U.S.) signed long-term agreements for maintenance and repair services for the GE9X composite fan blades. With this addition of a new customer, the company expanded its customer base in North America. In July 2014, Middle River Aircraft Systems (U.S.) and Lufthansa Technik (Germany) signed an agreement according to which, Lufthansa Technik became the authorized service provider for thrust reverser and GEnX-2B Nacelle to the Middle River Aircraft Systems.

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