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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