According to the study “Europe Braided Composites
Industry Situation and Prospects Research report”, Europe
is anticipated to lead the braided composites market due to increasing demand
from numerous application sectors such as aerospace, defense, transportation,
automotive and wind energy. Mergers and acquisitions and R&D activities
together with newer advanced technological products development by major
companies are projected to augment the market growth. Additionally, braided
composites are developed with superior features in products particularly in
CFRP such as carbon fiber reinforced plastics on account of technological
innovations and new high-value applications are fuelling the European markets.
Braided composites are expensive engineering
structures designed and manufacture for modern aerospace applications and
various other applications. All variants of braided composite structures and
materials are best suited for aerospace applications. The mechanical behaviour
of braided composite structures and methods used to model their properties are
introduced in European aerospace applications of braided composites within the
aerospace industry. Various 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 Europe.
European aerospace and defense sectors
account for a major share in braided composites within due to the ongoing
process of manufacturing advanced technological aircrafts with innovation over
traditional manufacturing process. All variants of braided composites possess
high performance properties and the increasing need for lightweight aircrafts
in the domestic, defense and military aircrafts coupled are with high corrosion
resistance which are crucial factors enhancing the growth of composites market
in Europe.
Need for clean and renewable power has led to
development in wind energy sector in Europe. Braided composites are used in
wind energy infrastructure development. All the advanced infrastructure
developments for public transport in Europe 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 development of the cities. It was observed
that major braided composites manufacturers are well established in Europe
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 Europe.
Aerospace, defense, automotive, sporting goods and others are the multiple
applications within the braided composite market in Europe. Geographically,
braided composites in Europe market is spread across Germany, Russia, UK,
France, Italy and other regions. The leading players in braided composites
market in Europe 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.
Europe accounts for a largest share in the
braided composites market due to major changes within aerospace sector. The
need for advanced technological composites for various applications is
propelling the need for more braided composites in Europe. Airbus A350-1000 is
currently under development which is one of the first large-scale aerospace
manufacturing sector using braided composites. 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 European markets.
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