Composite Preforms Market

Composite Preforms Market by Fiber Type (Carbon, Glass, Others), Product Type (Stitching, Braiding, Knitting, Weaving), Structure (One-D, Two-D, Three-D), Application (Automotive, Consumer Goods, Infrastructure, Marine, Medical, Aerospace & Defense, Others), and Region - Global Forecast to 2027

Report Code: UC 5874 Feb, 2023, by marketsandmarkets.com

The composite preforms market is projected to reach USD 326.3 million by 2027, at a CAGR of 8.5% from USD 217.0 million in 2022. One of the major factors contributing to the growth of the composite preforms market is the growing consumption of composite materials in automotive, marine, and medical industries. Also, the rising demand for composite preforms for use in the production of complex structures is also driving the market.

Attractive Opportunities in the Composite Preforms Market

Composite Preforms Market

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Market Dynamics

Driver: Composite materials are in high demand in the aerospace industry

In the optimistic outcome, after 2021, when aerospace companies can operate at full capacity with no travel restrictions or disruptions in the supply chain, demand for composite materials from the aerospace and defense industries will skyrocket. Carbon fiber reinforced composite preforms are widely used in the aerospace industry for the development of complex structures such as turbofan engines and fuselage frames. Carbon fiber reinforced composites' light weight and high tensile strength improve fuel efficiency, lower maintenance costs, and enable OEMs to meet stringent environmental regulations in Europe and North America. Newer advanced aircrafts, such as the Airbus A350 XWB and Boeing Dreamliner 787, have a composite airframe that is 50 percent lighter.

Restraints: Manufacturing technology lacks standardization

Manufacturing and non-recurring development costs continue to limit composites' penetration in a variety of applications, including sporting goods, marine, and consumer goods. The primary concerns are design consistency, process standardization, and maintenance technology. The lack of material and methodology standardization forces manufacturers to consider conservative designs, which impedes mass production and economic performance of automobiles and aircraft. Furthermore, limited human resources with composite training and experience limit the scope of composite applications.

Opportunities: Increasing demand in emerging economies

The glass fiber and carbon fiber composites industries have traditionally been concentrated in Japan, North America, and Europe. However, there has been a significant shift toward emerging economies in Asia Pacific and the rest of the world in recent years. For example, due to the high demand for low-cost carriers, demand for glass fiber and carbon fiber composites in the aerospace, wind energy, and transportation sectors has increased in emerging economies such as India, Brazil, and China. Countries such as China have launched a number of research projects involving glass fiber and carbon fiber composites, and the country's rapid industrialization is likely to meet the increased demand.

Challenges: Availability of low cost technologies

The high cost of composites has been a major source of concern as their use in structural applications has grown. Due to high R&D costs, high manufacturing costs, and increased cycle times, the true potential of composites has yet to be realized. Many applications of aerospace composites have been discovered, but commercialization of these applications has yet to begin due to high cost constraints. Developing low-cost technologies is a major challenge for all researchers and key manufacturers due to the high R&D costs.

“Aerospace & Defense was the largest application for composite preforms market in 2021, in terms of value”

The increasing use of preforms in turbofan engines, fuselage frames of commercial aircraft, and stator vane of jet engines supported the growth of composite preforms in the aerospace and defense application. The expansion of the aerospace & defense industry can be attributed to an increase in the demand for complex structure manufacturing and a reduction in part cycle time.

“North America was the largest market for composite preforms in 2021, in terms of value.”

North America is the largest region in the composite preforms market and is expected to be the leading market for composite preforms during the forecast period due of the presence of key composite preform manufacturers and turbofan engine OEMs in the region.

Composite Preforms Market by Region

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Key Market Players

The key players in this market A&P Technology Inc. (US), Albany Engineered Composites Inc. (US), Hexcel Corporation (US), Bally Ribbon Mills Inc. (US), and SGL Kumpers Gmbh (Germany). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of composite preforms market have opted for new product launches to sustain their market position.

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Scope of the Report

Report Metric

Details

Years considered for the study

2018-2027

Base Year

2021

Forecast period

2022–2027

Units considered

Volume (Kilotons); Value (USD Million)

Segments

Fiber Type, Product Type, Structure, Application and Region

Regions

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies

The key players in this market are A&P Technology Inc. (US), Albany Engineered Composites Inc. (US), Hexcel Corporation (US), Bally Ribbon Mills Inc. (US), SGL Kumpers Gmbh (Germany)

This report categorizes the global composite preforms market based on fiber type, product type, structure, application and region.

On the basis of fiber type, the composite preforms market has been segmented as follows:

  • Carbon
  • Glass
  • Others

On the basis of product type, the composite preforms market has been segmented as follows:

  • Stitching
  • Braiding
  • Knitting
  • Weaving

On the basis of structure, the composite preforms market has been segmented as follows:

  • One-D
  • Two-D
  • Three-D

On the basis of application, the composite preforms market has been segmented as follows:

  • Automotive
  • Consumer Goods
  • Infrastructure
  • Marine
  • Medical
  • Aerospace 7 Defense
  • Others

On the basis of region, the composite preforms market has been segmented as follows:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Frequently Asked Questions (FAQ):

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Table of Content

1 Introduction 
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Market Share Estimation
           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
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights 
    4.1 Significant Opportunities in Composite Preforms Market, 2022–2027
    4.2 Composite Preforms Market, By Fiber Type
    4.3 Composite Preforms Market, By Product Type
    4.3 Composite Preforms Market, By Structure
    4.4 Composite Preforms Market, By Application
    4.5 Composite Preforms Market, By Country

5 Market Overview
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Composite Preforms Market, By Fiber Type
           5.2.2 Composite Preforms Market, By Product Type
           5.2.3 Composite Preforms Market, By Structure
           5.2.4 Composite Preforms Market, By Application
    5.3 Market Dynamics
           5.3.1 Drivers
           5.3.2 Restraints
           5.3.3 Opportunities
           5.4.4 Challenges
    5.4 Porter's Five Forces Analysis
           5.4.1 Bargaining Power of Suppliers
           5.4.2 Bargaining Power of Buyers
           5.4.3 Threat of New Entrants
           5.4.4 Threat of Substitutes
           5.4.5 Degree of Competition
    5.5 Supply Chain Analysis
    5.6 Ecosystem: Composite Preforms Market
    5.7 Value Chain Analysis
    5.8 Technology Analysis
    5.9 Pricing Analysis
    5.1 Trends and Disruptions Impacting Customers

6 Composite Preforms Market, By Fiber Type 
    6.1 Carbon
    6.2 Glass
    6.3 Others

7 Composite Preforms Market, By Product Type 
    7.1 Stitching
    7.2 Braiding
    7.3 Knitting
    7.4 Weaving

8 Composite Preforms Market, By Structure 
    8.1 One-D
    8.2 Two-D
    8.3 Three-D

9 Composite Preforms Market, By Application
    9.1 Automotive
    9.2 Consumer Goods
    9.3 Infrastructure
    9.4 Marine
    9.5 Medical
    9.6 Aerospace & Defense
    9.5 Others

10 Composite Preforms Market, By Region
     10.1 Introduction
     10.2 North America
             10.2.1 Composite Preforms Market Size in North America, By Application
             10.2.2 Composite Preforms Market Size in North America, By Country
                        10.2.2.1 Canada
                                     10.2.2.1.1 Composite Preforms Market Size in Canada, By Application
                        10.2.2.2 U.S.
                                     10.2.2.2.1 Composite Preforms Market Size in U.S., By Application
                        10.2.2.3 Mexico
                                     10.2.2.3.1 Composite Preforms Market Size in Mexico, By Application
     10.3 Europe
             10.3.1 Composite Preforms Market Size in Europe, By Application
             10.3.2 Composite Preforms Market Size in Europe, By Country
                        10.3.2.1 Germany
                                     10.3.2.1.1 Composite Preforms Market Size in Germany, By Application
                        10.3.2.2 France
                                     10.3.2.2.1 Composite Preforms Market Size in France, By Application
                        10.3.2.3 UK
                                     10.3.2.3.1 Composite Preforms Market Size in UK, By Application
                        10.3.2.4 Italy
                                     10.3.2.4.1 Composite Preforms Market Size in Italy, By Application
                        10.3.2.5 Rest of Europe
                                     10.3.2.5.1 Composite Preforms Market Size in Rest of Europe, By Application
     10.4 Asia-Pacific
             10.4.1 Composite Preforms Market Size in Asia-Pacific, By Application
             10.4.2 Composite Preforms Market Size in Asia-Pacific, By Country
                        10.4.2.1 China
                                     10.4.2.1.1 Composite Preforms Market Size in China, By Application
                        10.4.2.2 Japan
                                     10.4.4.2.1 Composite Preforms Market Size in Japan, By Application
                        10.4.2.3 India
                                     10.4.2.3.1 Composite Preforms Market Size in India, By Application
                        10.4.2.4 South Korea
                                     10.4.2.4.1 Composite Preforms Market Size in South Korea, By Application
                        10.4.2.5 Rest of Asia Pacific
                                     10.4.2.5.1 Composite Preforms Market Size in Rest of Asia Pacific, By Application
     10.5 South America
             10.5.1 Composite Preforms Market Size in South America, By Application
             10.5.2 Composite Preforms Market Size in South America, By Country
                        10.5.2.1 Brazil
                                     10.5.2.1.1 Composite Preforms Market Size in Brazil, By Application
                        10.5.2.2 Argentina
                                     10.5.2.2.1 Composite Preforms Market Size in Argentina, By Application
                        10.5.2.3 Rest of South America
                                     10.5.2.3.1 Composite Preforms Market Size in South America, By Application
     10.6 Middle East & Africa
             10.6.1 Composite Preforms Market Size in Middle East & Africa, By Application
             10.6.2 Composite Preforms Market Size in Middle East & Africa, By Country
                        10.5.2.1 Saudi Arabia
                                     10.5.2.1.1 Composite Preforms Market Size in Saudi Arabia, By Application
                        10.5.2.2 South Africa
                                     10.5.2.2.1 Composite Preforms Market Size in South Africa, By Application
                        10.5.2.3 Rest of Middle East & Africa
                                     10.5.2.3.1 Composite Preforms Market Size in Rest of Middle East & Africa, By Application

11 Competitive Landscape 
     11.1 Introduction
     11.2 Market Share Analysis11.3Market Ranking
     11.4 Market Evaluation Framework
             11.4.1 Product Launches and Developments
             11.4.2 Expansions
             11.4.3 Contracts and Agreements
             11.4.4 Mergers & Acquisitions
     11.5 Revenue Analysis of Top Market Players
     11.6 Company Evaluation Matrix
             11.4.1 Star
             11.4.2 Emerging Leaders
             11.4.3 Pervasive
             11.4.4 Participants

12 Company Profiles 
* (Business Overview, Products Mix, Recent Developments, SWOT Analysis, MnM view)
     12.1 A&P Technology Inc.
     12.2 Albany Engineered Composites Inc.
     12.3 Hexcel Corporation
     12.4 Bally Ribbon Mills Inc.
     12.5 SGL Kumpers GmbH
     12.6 Sigmatex Limited
     12.7 T.E.A.M Inc.
     12.8 Eurocarbon B.V.
     12.9 SAERTEX
     12.10 CFP Composites
     12.11 Other Companies

*Details Might Not Be Captured in Case of Unlisted Companies.
Note: This is the tentative list, we will provide you the company profiles of major companies in this market. 

13 Appendix

The study involved four major activities to estimate the size of composite preforms market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.

Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The composite preforms market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, distributors, and end users. Various primary sources from the supply and demand sides of the composite preforms market have been interviewed to obtain qualitative and quantitative information.

The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the composite preforms industry.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Composite Preforms Market Size, and Share

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

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the composite preforms market.

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

Composite Preforms Market: Bottom-Up Approach 1

Composite Preforms Market Size, and Share

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Data Triangulation

After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.

Report Objectives

  • To define, describe, and forecast the size of the composite preforms market, in terms of value and volume
  • To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
  • To estimate and forecast the market size based on fiber type, product type, structure, application and region
  • To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, and Middle East & Africa, and South America along with their key countries
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders
  • To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market
  • To strategically profile key market players and comprehensively analyze their core competencies

Available Customizations

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

Regional Analysis

Further breakdown of a region with respect to a particular country or additional application

Company Information

Detailed analysis and profiles of additional market players

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