Asia Braided Composites Industry Overview, Outlook, Segmentation, Applications, Forecast, Analysis : Ken Research
According to the study “Asia Braided Composites Industry Situation and Prospects Research report”, emerging economies such as India, China, are anticipated to lead the braided composites market on account of the increasing demand from numerous application sectors such as aerospace, defense, transportation, automotive and wind energy. Mergers and acquisitions and R&D activities together with new product development by major companies are projected to augment the market growth. In addition, superior features in braided composites are provided by the products particularly in CFRP such as carbon fiber reinforced plastics on account of technological innovations and new high-value applications are fuelling the Asian markets.
Braided composites are highly valuable engineering structures designed and manufacture for modern aerospace applications. Airbus A350-1000 is currently under development which is one of the first large-scale aerospace manufacturing using braided composites. Braided composite structures and materials are best suited for aerospace applications. The mechanical behaviour of braided composites' structures and methods used to model their properties are introduced in current aerospace applications of braided composites in the aerospace industry. Other applications of braided composites are in wind energy sector, electrical & electronics sector, automotive sector, marine, aerospace and defense sectors. The expansion of numerous end-user applications of braided composites coupled with strength, thermal conductivity performance properties and high corrosion resistance is propelling the braided composites market in Asia.
Aerospace and defense sectors account for a major share in braided composites within aerospace due to the ongoing process of manufacturing advanced technological aircrafts with innovation over traditional manufacturing process. Braided composites possess high performance properties and the increasing need for lightweight aircrafts in the domestic, defense and military aircrafts coupled with high corrosion resistance are a few crucial factors enhancing the growth of composites market in Asia.
Braided composites are also used in wind energy applications owing to its wide application as clean energy materials. Infrastructure development for public transport and growing automobile industry is anticipated to augment the further expansion of braided composites market. Increasing development of industrial application such as transportation, wind energy and aerospace and defense is enhancing the growth of the braided composites market coupled with rapid metropolitan development of the cities, the existence of major braided composites manufacturers in Asia which are the major factors propelling the growth of the market.
Biaxial, triaxial and other variants are the various product types available in braided composite market in Asia. Aerospace, defense, automotive, sporting goods and others are the multiple applications within the braided composite market in Asia. Geographically, braided composites in Asia market is spread across China, Japan, India, Korea, Saudi Arabia and other regions. The leading players in braided composites market in Asia are Airbus Group, BMW AG, Exelis Inc. (Albany Engineered Composites), GE Aviation, GKN Aerospace (Fokker Landing Gear B.V), Highland Industries Inc., Munich Composites GmbH, Revolution Composites LLC and Sigma Precision Components Ltd.
Asia accounts for a largest share in the braided composites market due to evolution in aerospace market. Emerging economic conditions are propelling the need for braided composites in the aerospace sector. The increasing consumption of braided composites for various applications is encouraging the market towards expansion in various sectors attracting huge recognition and this trend will continue over the next few years in Asian markets.
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