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Closed Molding Composites Market: Introduction

  • Closed molding is a type of technology, which allows the manufacturing of better polymer composite parts in less time, with less wastage, and reduced emissions
  • Closed molding methods have replaced open molding methods, as the former inherit environmental and quality issues. Compared to open molding, closed molding processes enable manufacturers to develop parts faster and with consistency. The finished parts have better surface cosmetics, thus reducing the need for post work.
  • Manufacturing processes associated with closed molding composites, such as resin transfer molding (RTM) and vacuum infusion process (VIP) are eco-friendly and help in reducing emissions of volatile organic compounds, including styrene vapors, into the atmosphere
  • Closed molding offers a variety of benefits — from reducing styrene emissions and cost to improving quality and increasing production volume. However, open molding remains the norm within the composites industry.
  • Recent advancements in closed molding composite methods have led to their use in different end-use applications, such as marine, aerospace, automotive, construction, and transportation

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Key Drivers of Closed Molding Composites Market

  • Composites are light in weight compared to most woods and metals. Some modern airplanes are built with more composites than metals, including the new Boeing 787, Dreamliner. Carbon fiber composites have a higher strength-to-weight ratio than conventional materials. This increase in demand for composites in the aeronautics sector is driving the global closed molding composites market.
  • The automotive sector has witnessed high demand for panels and other materials for automotive vehicles due to increased urbanization throughout the globe. This had driven the use of composites material in the industry.
  • Demand for renewable energy is increasing. Hence, the wind energy sector is driving the global closed molding composites market. Moreover, there is a growing demand for lightweight long blades for wind turbine, thus creating opportunities for carbon fiber composites.
  • Composites are good insulators, as they do not easily conduct heat or cold. They are used in the construction industry in doors, panels, and windows where extra protection is needed from extreme weather conditions.
  • Advanced composite materials have a decade long history in military and government aerospace industries. Composite materials are used in military aviation in mechanical, thermal, chemical, and ballistic applications. Fiber reinforced plastic composites are used in these applications specifically.

Major Developments

  • Growing popularity of composite liftgates has led to the development of a new primerless structural adhesive by Ashland LLC. It is mainly formulated for low-modulus/high-elongation properties and is said to be ideal in handling coefficient of linear thermal expansion (CLTE) mismatches in hybrid-material systems; for instance, bonded liftgate panels. The adhesive was specifically formulated for low-surface-energy olefin substrates such as long-fiber polypropylene structural/inner panels.
  • The U.S. Department of Energy announced that the Institute for Advanced Composites Manufacturing Innovation (IACMI), a US$ 259 Mn public-private partnership. The Institute will focus on building advanced composites that less expensive and less energy-intensive, while also manufacturing composites that are easier to recycle.

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Key Players Operating in Global Closed Molding Composites Market

Some of the major key players operating in the global closed molding composites market are:

  • ChomaratTM
  • Continental Structural Plastics Inc.
  • KraussMaffei
  • A. Schulman, Inc.
  • Scott Bader Company Ltd
  • New Boston RTM
  • Molded Plastic Industries, Inc.

Global Closed Molding Composites Market, by Manufacturing Process

  • Vacuum Bagging
  • Vacuum Infusion Processing (VIP)
  • Resin Transfer Modeling (RTM)
  • Compression Molding
  • Pultrusion
  • Reinforced Reaction Injection Molding (RRIM)
  • Continuous Lamination
  • Centrifugal Casting

Global Closed Molding Composites Market, by Material Type

  • Resins
  • Additives & fillers
  • Surface Finishes
  • Core Materials
  • Reinforcements/Fibers

Global Closed Molding Composites Market, by Application

  • Aerospace
  • Marine
  • Transportation
  • Wind Energy/Power
  • Defense
  • Construction

Global Closed Mold Composite Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Closed Molding Composites Market

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