Composite Surfacing Films Market:Overview
Compositesurfacing films are composites films that are used to cover honeycombcomposites to provide a smooth and aerodynamic surface that can be painted.Composite surfacing films are designed to improve the surface quality ofhoneycomb-stiffened composite parts, decrease surface preparation time, providea barrier for dissimilar materials, and offer protection to structural fibers.These films are predominantly used in the manufacture of wings, fuselage, andflight control surfaces in the aerospace industry. These surfacing films arealso employed in the manufacture of automotive body parts for high performancevehicles such as F1 cars. Composite surfacing films are extremely lightweightand provide excellent weight-to-strength ratio for high performance applications.Thus, these films are the preferred choice of materials in automotive bodyparts.
Composite Surfacing Films Market: Trends & Demands
Compositesurfacing films are employed extensively in the aerospace industry due to theincrease in number of commercial aircraft across the globe. This is anticipatedto drive the compositesurfacing films market in the near future. Furthermore, rise in demandfor more durable lightweight materials in automotive applications is estimatedto boost the demand for composite surfacing films market during the forecastperiod.
Companiesoperating in the global composite surfacing films market strive to explore newand better ways to manufacture these films. Development of new processes toproduce composite surfacing films is estimated to propel the market in the nearfuture. However, volatility in prices of raw materials is projected to hamperthe composite surfacing films market during the forecast period.
Composite Surfacing Films Market: Key Segments
In termsof curing type, the composite surfacing films market can be bifurcated intoautoclave-cured and out-of-autoclave-cured. The autoclave-cured segment isprojected to expand at a rapid pace in the next few years due to the rise inneed for lightweight materials in the aerospace industry in developingeconomies such as China, India, and Brazil.
Based onend-use industry, the composite surfacing films market can be divided intoaerospace & defense, automotive, and others. The aerospace & defensesegment is likely to expand at a significant pace during the forecast perioddue to the consistent usage of composite surfacing films in manufacture ofaircraft wings across the globe.
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Composite Surfacing Films Market: Regional Outlook
In termsof region, the global composite surfacing films market can be segregated intoNorth America, Latin America, Asia Pacific, Europe, and Middle East &Africa. Europe and North America are anticipated to constitute major share ofthe global composite surfacing films market during the forecast period. Thecomposite surfacing films market in Asia Pacific is likely to expand at a rapidpace due to the rise in per capita income in developing economies such as Chinaand India. Increase in per capita income is boosting the spending power ofconsumers. This, in turn, is estimated to propel the demand for high qualityproducts in Asia Pacific. Additionally, growth in usage of composite surfacingfilms in making aircraft parts is fueling the composite surfacing films marketin the region. Middle East & Africa is expected to be a lucrative region ofthe global composite surfacing films market during the forecast period, led bythe rise in demand for these films in automotive parts in the region.
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Composite Surfacing Films Market: Key Players
Prominentplayers operating in the global composite surfacing films market include AxiomMaterials, Inc., The 3M Company, Gurit Holding AG, and Henkel AG & Co.KGaA. These players engage in research & development activities, strategicalliances, and mergers & acquisitions to gain market share.
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