Global Composite Repair Market

The Global Composite Repairs Market is a prosperous upcoming industry and is projected to reach a CAGR of 8.0% by 2026. There has been increasing use of composite repairbeing carried out in new generation commercial aircraft such as Boeing 787 Dreamliner and Airbus A350. The repairs are carried out on damaged aircraft frames, wind turbine blades, automotive panels, hull & deck of theboat, panels used in buildings, bridges, and leakage in pipe & tanks.

Composite repair rectifies the faults in composite materials used in a wide range of gears such as pipelines, high-pressure piping systems, valves, gaskets, fittings, pressurized vessels and tanks, main body connections, nozzles, etc.

Market Dynamics:

Drivers

The main driving force is the rising cost of the composite part replacements, and thus cost-effectivecomposite repair is a practical option. Another factor is the production of composites rich commercial and regional aircraft, such as B787 and A350XWB; where intensive maintenance, repair, & overhaul (MRO) services will be carried out. Countries such as China, the U.S., Germany, Spain, and India will further drive up the market by installing more wind turbines. In the automotive & transportation industry, therequirement of carbon fiber composite is expected to drive market.

Due to thetransportation of crude oil, the use of composite materials has increased in thepipeline industry. The pipelines laid across countries witness harsh and hostile environment. It needs frequent maintenance and repair of cracks, leakage, and corrosion, etc. thus here composite material helps in repairing it.

Trends

The automotive industry is implementing a new type of composite material to reduce the weight of the system and be more fuel efficient. The automotive manufacturing is including the use of composite repair in the manufacturing process, to detect and eliminate various faults.

Restraint

The main restraint is the shortage of skilled labour. Due to wear and tear of composite structures, the market will require experienced technicians to repair quickly in order to avoid financial loss due to project downtime. Lack of standardization of material and testing process causes the repair process and material to vary from industry to industry. Due to developments in the field of self-healing composites like hollow fibres, lost wax process and solid-state self-healing which helps in detecting damage, and change shape can obstruct the growth of the global composite repair market.

Market Segmentation:

The composite repairs market is segmented on the basis of type, process, and end-use industry

On the basis of Type:

--> Structural Repair

--> Semi-structural Repair

--> Cosmetic (Non-structural Repair)

--> Resin Injection

--> Mechanical Fastener

On the basis of Process:

--> Hand Lay-up

--> Vacuum Infusion

--> Autoclave

--> Others

=> Composite wrap

=> Out-of-autoclave

=> Pre-pregmoulding

On the basis of End-Use Industry:

--> Aerospace &Defence

--> Wind Energy

--> Automotive & Transportation

--> Marine

--> Construction

--> Pipe & Tank

--> Others

On the basis of its sales channel:

--> OEM

--> Aftermarket

Geographic analysis:

Growing maintenance, repair, and overhaul (MRO), as well as increasing composite repair activity in China, Japan, India, and South East Asian countries, are expected to drive the composite repairs market for aerospace &defense in the region. The Middle East & Africa offer several growth opportunities to the composite repairs market for aerospace.

Regarding value and volume, North America is witnessing the growth of industries such as aeronautical, automotive, shipbuilding, etc. where composite repairs are largely consumed. Western Europe is the other leading region which is showing tremendous growth in the composite repairs market. Japan use of composite material repair is mainly in the automotive industry. MEA & Latin America exhibit a little growth in composite repair market.

Key Players:

Lufthansa Technik AG, Air France KLM E&M, HAECO, UpWind Solution, Total Wind Group A/S, Technical Wind Services, Citadel Technologies, Hexcel (U.S.), Gurit (Switzerland), The 3M Company (U.S.), Heatcon Composite Systems (U.S.)

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage