Composite Surfacing Films Market: Overview
Composite surfacing films are composites films that are used to cover honeycomb composites to provide a smooth and aerodynamic surface that can be painted. Composite surfacing films are designed to improve the surface quality of honeycomb-stiffened composite parts, decrease surface preparation time, provide a barrier for dissimilar materials, and offer protection to structural fibers. These films are predominantly used in the manufacture of wings, fuselage, and flight control surfaces in the aerospace industry. These surfacing films are also employed in the manufacture of automotive body parts for high performance vehicles such as F1 cars. Composite surfacing films are extremely lightweight and provide excellent weight-to-strength ratio for high performance applications. Thus, these films are the preferred choice of materials in automotive body parts.
Composite Surfacing Films Market: Trends & Demands
Composite surfacing films are employed extensively in the aerospace industry due to the increase in number of commercial aircraft across the globe. This is anticipated to drive the composite surfacing films market in the near future. Furthermore, rise in demand for more durable lightweight materials in automotive applications is estimated to boost the demand for composite surfacing films market during the forecast period.
Companies operating in the global composite surfacing films market strive to explore new and better ways to manufacture these films. Development of new processes to produce composite surfacing films is estimated to propel the market in the near future. However, volatility in prices of raw materials is projected to hamper the composite surfacing films market during the forecast period.
Composite Surfacing Films Market: Key Segments
In terms of curing type, the composite surfacing films market can be bifurcated into autoclave-cured and out-of-autoclave-cured. The autoclave-cured segment is projected to expand at a rapid pace in the next few years due to the rise in need for lightweight materials in the aerospace industry in developing economies such as China, India, and Brazil.
Based on end-use industry, the composite surfacing films market can be divided into aerospace & defense, automotive, and others. The aerospace & defense segment is likely to expand at a significant pace during the forecast period due to the consistent usage of composite surfacing films in manufacture of aircraft wings across the globe.
Composite Surfacing Films Market: Regional Outlook
In terms of region, the global composite surfacing films market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Europe and North America are anticipated to constitute major share of the global composite surfacing films market during the forecast period. The composite surfacing films market in Asia Pacific is likely to expand at a rapid pace due to the rise in per capita income in developing economies such as China and India. Increase in per capita income is boosting the spending power of consumers. This, in turn, is estimated to propel the demand for high quality products in Asia Pacific. Additionally, growth in usage of composite surfacing films in making aircraft parts is fueling the composite surfacing films market in the region. Middle East & Africa is expected to be a lucrative region of the global composite surfacing films market during the forecast period, led by the rise in demand for these films in automotive parts in the region.
Composite Surfacing Films Market: Key Players
Prominent players operating in the global composite surfacing films market include Axiom Materials, Inc., The 3M Company, Gurit Holding AG, and Henkel AG & Co. KGaA. These players engage in research & development activities, strategic alliances, and mergers & acquisitions to gain market share.
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
- 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.