Vacuum Auxiliary Material Market Summary
According to the new market research report “Global Vacuum Auxiliary Material Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application”, published by QYResearch, the global Vacuum Auxiliary Material market size is projected to reach USD 2.17 billion by 2029, at a CAGR of 9.6% during the forecast period.
Vacuum forming process auxiliary materials, referred to as vacuum auxiliary materials, are a general term for a type of auxiliary materials that are essential in composite vacuum infusion molding and autoclave molding processes. They mainly include vacuum bagging film, release film, breathable felt, and sealant tape, pressure-sensitive tape, irrigation hose, release cloth and infusion mesh, etc.
With the booming development of global composite materials, vacuum-assisted materials have been widely used in the production of many advanced composite products. Currently, vacuum auxiliary materials have been used in various fields such as aerospace, wind power generation, yachts and ships/rail transportation. For now, the vacuum auxiliary materials market is relatively concentrated, and companies with scale and technological advantages have emerged. As the quality stability of vacuum auxiliary materials continues to improve, the application of vacuum auxiliary materials in the field of high-performance composite materials will grow rapidly and has good development prospects.
- Global Vacuum Auxiliary Material MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Global Vacuum Auxiliary Material Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application”
Market Drivers:
Driver 1: Technological progress
In recent years, vacuum auxiliary material companies have insisted on independent innovation and focused on product quality. After years of innovation, improvement and practical accumulation, most companies have mastered rich product design experience and deep product manufacturing processes, and have continuously launched vacuum auxiliary materials with better performance materials.
Driver 2: Increased Market Demand
Due to the continuous development in the fields of aerospace, wind power and transportation, the application of vacuum forming technology continues to expand. Vacuum auxiliary materials are key materials for vacuum forming technology. The selection of vacuum auxiliary materials will directly affect the quality of the final product. Vacuum auxiliary materials with excellent performance can not only improve the molding efficiency of products but also ensure the performance of products. They are of great significance to product production and have good future prospects.
Driver 3: Policy Support
Countries and localities around the world have successively introduced a series of support and encouragement policies for the vacuum auxiliary materials industry and its upstream and downstream related industries to promote the healthy and long-term development of the industry.
Restraint:
Restraint 1: Affected by Raw Material Prices
The development of the vacuum auxiliary industry is closely related to the price of raw materials, and there are few manufacturers of some advanced composite raw materials, which is not conducive to the development of the vacuum auxiliary material industry to a certain extent.
Restraint 2: Funding Limitations
Due to the large capital investment in equipment required by the vacuum auxiliary materials industry, high product customization requirements, and high cost of automated production equipment, some companies have fewer financing channels and are unable to increase the production capacity of their equipment, which limits the development of the company to a certain extent.
Restraint 3: Scarcity of Talent Pool
Enterprises in the advanced composite materials industry are generally technology-oriented. Excellent technical talents in the industry are the core resources that support the rapid development of business and technology. However, the cultivation of excellent technical talents requires a long period of time. The vacuum auxiliary materials industry has high requirements on the operating skills and proficiency of technical workers, and requires skilled operators to meet the continuous production of materials. However, the cultivation of talents takes a certain amount of time. As the production scale of the vacuum auxiliary industry rapidly expands, the demand for talents will continue to increase.
Trend:
Trend 1: Product Performance Improvements
As consumables used in the composite material molding process, the technical level of vacuum auxiliary materials must meet the requirements of the manufacturing process of downstream industries, which is specifically reflected in the product's high temperature resistance, size and width, anti-aging ability, environmental humidity adaptability, etc.
Trend 2: Increased Productivity
The technical level and production efficiency of vacuum auxiliary materials mainly depend on the advanced level of equipment such as CNC machine tools and autoclaves and the skill level of operators. With the continuous improvement of equipment, the production efficiency of equipment will continue to improve. In the future, the production efficiency of vacuum auxiliary materials will also increase.
Trend 3: Expansion of production scale
The application of vacuum-assisted materials has developed mainly with the development of vacuum forming processes. The application range of vacuum forming technology has expanded in the fields of power generation, aerospace, transportation, electronics and sports products. In the future, the production scale of vacuum auxiliary materials will continue to expand.
- Vacuum Auxiliary Material,Global Market Size, The TopFive Players Hold 69% of Overall Market
Source: QYResearch, “Global Vacuum Auxiliary Material Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application”
In 2022, the global top five Vacuum Auxiliary Material players account for 69% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Vacuum Auxiliary Material.
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