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Composite Preforms Market: By Fiber Type, Product Type, By Structure, By Application and Geography
Composite Preforms Market: By Fiber Type, Product Type, By Structure, By Application and Geography
Composite Preforms Market size valued US$ 1769.77 million in 2023 and is poised to grow at a CAGR of 1.8% from 2024-2030. Composite preforms are widely used in the global metallurgical, aerospace & military, and heavy machinery sectors since they are the primary raw material for these industries and have a great degree of customization possibilities. Due to their low weight, great durability, and corrosion resistance, composite preforms are now chosen over traditional materials such as aluminum, steel, iron, and others. Advancements in the preform technology, excellent product strength, increasing usage of composite materials in the aerospace and automotive industries, and growing demand for composite preforms to manufacture complex structures are some key factors influencing the market growth. However, factors such as the inability of certain composites to meet the technical requirements and stringent industrial requirements are inhibiting the growth. This report studies global composite preforms market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, global composite performs market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Study Period
2024-2030Base Year
2023CAGR
1.8%Largest Market
Asia-PacificFastest Growing Market
North-America
The unrelenting passion of the aerospace industry to enhance the performance of commercial and military aircraft is constantly driving the development of improved high performance structural materials. Composite materials are one such class of materials that play a significant role in current and future aerospace components. Composite materials are particularly attractive to aviation and aerospace applications because of their exceptional strength and stiffness-to-density ratios and superior physical properties. A composite material typically consists of relatively strong, stiff fibres in a tough resin matrix. There is an increasing usage of preforms in turbofan engines and fuselage frames of commercial aircrafts and stator vane of jet engines. Hence, increasing usage of composite materials in the aerospace industry is fueling the market growth
North America accounted for a larger revenue share in the global composite preforms market with considerable CAGR. The growth in this region is due to existence of aero-engine manufacturers & OEMs, major preform suppliers, and composite part fabricators. In addition, Europe held a considerable market share during the estimated period owing to rising production rates of aircraft programs.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 1769.77 million |
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Market CAGR |
1.8% |
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By Fiber Type |
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By Product Type |
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By Structure |
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By Application |
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The composite preforms market size was valued at US$ 1769.77 million in 2022
Growing wind energy sector
North America is the fastest-growing for composite preforms market
Table of Content
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.