Composite Repair Market Forecasts to 2030 - Global Analysis By Type (Structural Repair, Semi-structural and Cosmetic), Process Autoclave, Composite wrap, Hand Lay-up and Other Process), End User (Aerospace and Defense, Energy Generation, Building & Construction and Other End Users) and By Geography
According to Stratistics MRC, the Global Composite Repair Market is accounted for $19.62 billion in 2023 and is expected to reach $54.80 billion by 2030 growing at a CAGR of 15.8% during the forecast period. A system engineering technique called composite repair makes use of composite materials to fix thin-skin components with damage and stop the cracks from spreading. Pipelines, heat exchangers, hoses, process piping, storage tanks, and other pressure vessels can all be temporarily repaired using composite repair. As an alternative to conventional maintenance procedures, composite repair is used. It is done without completely shutting down the machinery or process.
According to the American Society of Civil Engineers 2018 Report Card, The U.S. requires USD 3.3 trillion to repair the country's infrastructure by 2020.
Rising demand from aerospace
The primary factor driving the market growth rate is an increase in the use of composite repairs for aerospace applications. Rising industrialization and an increase in aramid fiber consumption by the defense industry will both have a direct and advantageous impact on the market's growth rate. Growth and expansion of different end-user segments, along with increased public awareness of the advantages of cost savings associated with composite structure repair, will further pave the way for the market's expansion. Moreover, the commercialization of cannabis products will increase along with the manufacturing of hemp, which will accelerate market growth.
Lack of skilled labours
Lack of appropriate and accepted training standards is a major issue in a number of nations. There will be a high demand for composite repair specialists because end-use industries' use of composites will be aging. The supply or availability of qualified personnel is insufficient given the rising demands. As a result, the quality and accessibility of inspection and repair may be impacted as a result of a long-term skill shortage.
Launch of new wind energy projects
The demand for composite repair processes in the energy generation sector will grow during the forecast period along with the rise in wind energy projects, because of its low weight, high strength, and design flexibility. And the composite materials are primarily used in wind turbine blades and nacelles. The most crucial components of wind turbines, the blades, require maintenance two to three times annually. With the growing shift toward sustainable energy sources for electricity, countries have begun implementing numerous wind energy projects which rapidly increases the growth for the market expansion.
Availability of substitutes
The development of the composite repair industry may be hampered by alternatives to traditional composite repairs, such as the use of self-healing composite. Major industrial sectors like automotive and aerospace would be able to lower their manual repair costs if there were more affordable alternatives available, like self-healing composites. This might have a negative effect on how often vacuum infusion and scarf repair are used in these important sectors, which would have a negative effect on the market growth of the composite repairs industry and reduce the size of the composite repairs market.
Due to the COVID-19 outbreak in the two biggest producers of composites, China and India, demand has been negatively impacted. To keep floor workers, engineers, and other employees at a social distance from one another, composite production had been stopped or reduced. Additionally, the global pandemic illness COVID-19 has forced the production of wind turbine blades, aircraft, and automobiles to cease operations, which has decreased demand for composite materials. As a result, there was no production and no repairs, and the market was completely shut down, which hindered the composite repair industry during this period.
The aerospace and defense segment is expected to be the largest during the forecast period
During the forecast period, the aerospace and defense segment is anticipated to hold the largest market share. Demand for composite materials is rising quickly, particularly in the aerospace sector. Commercial transport aircraft make extensive use of composite materials because the lighter airframe allows for better fuel economy and lower operating costs. Both the aerospace and defense industries have seen an increase in the use of aramid fiber. The growth in consumption of these fibers is anticipated to continue at a significant rate due to rising investments in the defense industry.
The vacuum infusion segment is expected to have the highest CAGR during the forecast period
The vacuum infusion segment is anticipated to witness lucrative growth over the prediction period. Vacuum infusion has some advantages over other methods, such as vacuum bag sealing, including a better fiber-to-resin ratio, less waste production, and very consistent rein usage. High-level customization uses precision-based composite components, which are made possible by vacuum infusion. This will have a favorable effect on the segment's growth over the course of the forecast period.
Region with largest share:
Due to the large installed wind energy capacities in China, Japan, India, and Australia, the Asia-Pacific region is predicted to hold the largest market share and take the lead during the forecast period. India has improved its defense manufacturing, and the nation is now exporting more military hardware, including Cheetah helicopters, to nations like Afghanistan, Indonesia, Nepal, Vietnam, South Korea, Myanmar, Israel, Russia, etc. Additionally, the ISRO is developing spacecraft quickly. Such aspects are likely to drive the Asia-Pacific composite repair market.
Region with highest CAGR:
The widespread use of composite materials in wind turbine blades and nacelles, which benefit from their low weight, high strength, and design flexibility, the North American market is anticipated to experience significant growth over the course of the forecast period. Boeing, a US aircraft manufacturer, reported in its annual reports that it delivered 340 aircraft in 2021, a 116% increase from the 157 delivered in 2020. Additionally, rapidly expanding end-use industries have had a significant impact on the rising demand for composite repairs in the North American nations of the US, Canada, and Mexico, which has led to a positive growth of the composite repair industry in the region.
Key players in the market
Some of the key players profiled in the Composite Repair Market include 3M Company, Air France KLM Group, Boeing Company, Clock Spring Company Inc., Composite Technology Inc., Crawford Composites LLC, Heatcon Composite Systems, Henkel AG And Co, Hexcel, Hong Kong Aircraft Engineering Company Limited (HAECO), Lufthansa Technik AG, Merck KGaA , Milliken Infrastructure Solutions LLC, Sherwin-WilliamsWichiTech Industries Inc, TD Williamson Inc., Team Inc., The IKM Group and WR Composites.
In June 2023, StarFlyer and Lufthansa Technik recently signed a long-term exclusive contract for MRO (maintenance, repair and overhaul) services on the engines of the Japanese airline's Airbus A320ceo and A320neo fleets. Under the terms of the contract, Lufthansa Technik will provide StarFlyer with comprehensive technical support for CFM56-5B and LEAP-1A powerplants even into the next decade. The MRO company is thus further expanding its customer base for the modern CFM LEAP* engine in Asia.
In April 2023, Safran Nacelles and Lufthansa Technik have signed a license agreement for the Maintenance, Repair and Overhaul (MRO) of Airbus A320neo’s LEAP-1A nacelles. Over 2,500 nacelles produced by Safran Nacelles are currently in service on Airbus A320neo aircraft that are powered by CFM International’s LEAP-1A engines*.
In March 2023, Hexcel Corporation hosted public officials, customers and local contractors at its manufacturing site in West Valley City, Utah as the company held a grand opening and ribbon cutting on March 22 for its new Center of Research & Technology (R&T) Excellence, supporting next-generation developments in advanced composites technologies.
• Structural Repair
• Composite Wrap
• Hand Lay-up
• Prepreg Molding
• Vacuum Infusion
• Other Processes
End Users Covered:
• Aerospace and Defense
• Energy Generation
• Building & Construction
• Pipes and Tanks
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Composite Repair Market, By Type
5.2 Structural Repair
6 Global Composite Repair Market, By Process
6.3 Composite Wrap
6.4 Hand Lay-up
6.5 Prepreg Molding
6.6 Vacuum Infusion
6.7 Other Processes
7 Global Composite Repair Market, By End User
7.2 Aerospace and Defense
7.2.1 Civil Helicopter
7.2.2 Commercial Aircraft
7.2.3 General aviation aircraft
7.2.4 Military Aircraft
7.3 Energy Generation
7.3.1 Wind Energy
7.3.2 Solar Energy
7.3.3 Hydro Power
7.4 Building & Construction
7.4.3 Industrial and Infrastructural
7.5.1 Light Commercial Vehicles
7.5.2 Heavy Commercial Vehicles
7.5.3 Passenger Vehicles
7.7 Pipes and Tanks
7.7.3 Oil & Gas
7.8 Other End Users
8 Global Composite Repair Market, By Geography
8.2 North America
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.5 Other Key Strategies
10 Company Profiling
10.1 3M Company
10.2 Air France KLM Group
10.3 Boeing Company
10.4 Clock Spring Company Inc.
10.5 Composite Technology Inc.
10.6 Crawford Composites LLC
10.7 Heatcon Composite Systems
10.8 Henkel AG And Co
10.10 Hong Kong Aircraft Engineering Company Limited (HAECO)
10.11 Lufthansa Technik AG
10.12 Merck KGaA
10.13 Milliken Infrastructure Solutions LLC
10.14 Sherwin-WilliamsWichiTech Industries Inc
10.15 TD Williamson Inc.
10.16 Team Inc.
10.17 The IKM Group
10.18 WR Composites
List of Tables
1 Global Composite Repair Market Outlook, By Region (2021-2030) ($MN)
2 Global Composite Repair Market Outlook, By Type (2021-2030) ($MN)
3 Global Composite Repair Market Outlook, By Structural Repair (2021-2030) ($MN)
4 Global Composite Repair Market Outlook, By Semi-Structural (2021-2030) ($MN)
5 Global Composite Repair Market Outlook, By Cosmetic (2021-2030) ($MN)
6 Global Composite Repair Market Outlook, By Process (2021-2030) ($MN)
7 Global Composite Repair Market Outlook, By Autoclave (2021-2030) ($MN)
8 Global Composite Repair Market Outlook, By Composite Wrap (2021-2030) ($MN)
9 Global Composite Repair Market Outlook, By Hand Lay-up (2021-2030) ($MN)
10 Global Composite Repair Market Outlook, By Prepreg Molding (2021-2030) ($MN)
11 Global Composite Repair Market Outlook, By Vacuum Infusion (2021-2030) ($MN)
12 Global Composite Repair Market Outlook, By Other Processes (2021-2030) ($MN)
13 Global Composite Repair Market Outlook, By End User (2021-2030) ($MN)
14 Global Composite Repair Market Outlook, By Aerospace and Defense (2021-2030) ($MN)
15 Global Composite Repair Market Outlook, By Civil Helicopter (2021-2030) ($MN)
16 Global Composite Repair Market Outlook, By Commercial Aircraft (2021-2030) ($MN)
17 Global Composite Repair Market Outlook, By General Aviation Aircraft (2021-2030) ($MN)
18 Global Composite Repair Market Outlook, By Military Aircraft (2021-2030) ($MN)
19 Global Composite Repair Market Outlook, By Energy Generation (2021-2030) ($MN)
20 Global Composite Repair Market Outlook, By Wind Energy (2021-2030) ($MN)
21 Global Composite Repair Market Outlook, By Solar Energy (2021-2030) ($MN)
22 Global Composite Repair Market Outlook, By Hydro Power (2021-2030) ($MN)
23 Global Composite Repair Market Outlook, By Building & Construction (2021-2030) ($MN)
24 Global Composite Repair Market Outlook, By Commercial (2021-2030) ($MN)
25 Global Composite Repair Market Outlook, By Residential (2021-2030) ($MN)
26 Global Composite Repair Market Outlook, By Industrial and Infrastructural (2021-2030) ($MN)
27 Global Composite Repair Market Outlook, By Automotive (2021-2030) ($MN)
28 Global Composite Repair Market Outlook, By Light Commercial Vehicles (2021-2030) ($MN)
29 Global Composite Repair Market Outlook, By Heavy Commercial Vehicles (2021-2030) ($MN)
30 Global Composite Repair Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
31 Global Composite Repair Market Outlook, By Marine (2021-2030) ($MN)
32 Global Composite Repair Market Outlook, By Passenger (2021-2030) ($MN)
33 Global Composite Repair Market Outlook, By Cargo (2021-2030) ($MN)
34 Global Composite Repair Market Outlook, By Pipes and Tanks (2021-2030) ($MN)
35 Global Composite Repair Market Outlook, By Chemical (2021-2030) ($MN)
36 Global Composite Repair Market Outlook, By Irrigation (2021-2030) ($MN)
37 Global Composite Repair Market Outlook, By Oil & Gas (2021-2030) ($MN)
38 Global Composite Repair Market Outlook, By Sewage (2021-2030) ($MN)
39 Global Composite Repair Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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