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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