Composite Repair Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Structural, Semi-structural, and Cosmetic), Process (Hand Lay-up, Vacuum Infusion, Autoclave, and Other Processes), End-user Industry (Aerospace and Defense, Wind Energy, Automotive, Marine, Construction, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

composite repair market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >8 %

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Market Overview

The composite repair market is expected to register a CAGR over 8%, during the forecast period. Factors, such as rising investment in rehabilitation of old structures and cost saving associated with composite structure repair, are driving the composite repair market, globally.

  • Increasing usage of composites in the aerospace and defense industry is expected to drive the demand for the market, during the forecast period.
  • Introduction of self-healing composites is likely to hinder the market growth.
  • Automation of composite repair is projected to act as an opportunity for the market, in the future.

Scope of the Report

The composite repair market report includes:

Product Type
Structural
Semi-structural
Cosmetic
Process
Hand Lay-up
Vacuum Infusion
Autoclave
Other Processes
End-user Industry
Aerospace and Defense
Wind Energy
Automotive
Marine
Construction
Other End-user Industries
Geography
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Aerospace and Defense to Lead the Growth of the Composite Repair Market

  • Composite material is witnessing rapidly increasing demand from the aerospace industry. The use of composite materials in commercial transport aircraft is massive, as the reduced airframe weight enables better fuel economy and, therefore, lowers operating costs.
  • Increasing composite content in new generation commercial aircraft, such as Boeing 787 Dreamliner and Airbus A350, is likely to drive the composite repair market in the coming years.  In Boeing 787, composite materials constitute almost 50%, by weight. 
  • The rising air traffic in the Middle East and Asia-Pacific regions is also likely to spur the demand for commercial and passenger aircrafts, with increasing focus on tourism and travel.
  • The consumption of aramid fiber has increased not only in aerospace, but also in the defense vertical. Owing to the increasing investments in the defense industry, the growth in consumption of these fibers is expected to continue at a significant rate, in the next 10 years. Countries, like China, the United States, Russia, Saudi Arabia, India, Japan, and France, are gradually increasing their aerospace and defense budgets, due to the resurgence of global security threats.
  • Due to aforementioned factors, aerospace and defense is expected to drive the demand for composite repair over the forecast period.
Composite Repair Market Segmentation Trends

Asia-Pacific Region to Dominate the Composite Repair Market

  • Asia-Pacific has been projected to lead the composite repair market, due to strong government initiatives focusing on a cleaner environment, thereby implanting wind energy turbines.
  • Asia-Pacific is likely to invest up to USD 250 billion on solar and wind energy projects, by 2025.
  • In India, defense manufacturing has improved, and the country has increased its export of defense equipment, including Cheetah helicopters, to countries, such as Afghanistan, Indonesia, Nepal, Vietnam, South Korea, Myanmar, Israel, Russia, etc. The ISRO is also rapidly developing space crafts.
  • This is likely to drive the composite repair market in the Asia-Pacific region, during the forecast period. With multinational companies taking interest in the countries in Asia-Pacific, and the governments supporting the aerospace industry, the demand for composite repair is likely to flourish in this region.
  • These factors are likely to boost the composite repair market in the Asia-Pacific region.
Composite Repair Market Regional Trends

Competitive Landscape

The composite repair market is partially fragmented. Key players in the market include Lufthansa Technik AG, Air France KLM Group, Boeing Company, and Hong Kong Aircraft Engineering Company Limited (HAECO), among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Investment in Rehabilitation of Old Structures

      2. 4.1.2 Cost Saving Associated with Composite Structure Repair

      3. 4.1.3 Increasing Use of Composites in the Aerospace and Defense Industry

    2. 4.2 Restraints

      1. 4.2.1 Introduction of Self-healing Composites

      2. 4.2.2 Other Restraints

    3. 4.3 Value Chain/Supply Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Patent Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Structural

      2. 5.1.2 Semi-structural

      3. 5.1.3 Cosmetic

    2. 5.2 Process

      1. 5.2.1 Hand Lay-up

      2. 5.2.2 Vacuum Infusion

      3. 5.2.3 Autoclave

      4. 5.2.4 Other Processes

    3. 5.3 End-user Industry

      1. 5.3.1 Aerospace and Defense

      2. 5.3.2 Wind Energy

      3. 5.3.3 Automotive

      4. 5.3.4 Marine

      5. 5.3.5 Construction

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Air France KLM Group

      2. 6.4.2 Boeing Company

      3. 6.4.3 Composite Technology Inc.

      4. 6.4.4 Clock Spring Company Inc.

      5. 6.4.5 Crawford Composites LLC

      6. 6.4.6 Hong Kong Aircraft Engineering Company Limited (HAECO)

      7. 6.4.7 Lufthansa Technik AG

      8. 6.4.8 Milliken Infrastructure Solutions LLC

      9. 6.4.9 Team Inc.

      10. 6.4.10 The IKM Group

      11. 6.4.11 TD Williamson Inc.

      12. 6.4.12 WR Composites

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Automation of Composite Repair

**Subject to Availability

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Frequently Asked Questions

The Composite Repair Market market is studied from 2016 - 2026.

The Composite Repair Market is growing at a CAGR of >8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Lufthansa Technik AG, Air France KLM Group, Boeing Company, Hong Kong Aircraft Engineering Company Limited are the major companies operating in Composite Repair Market.

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