According to a new market report published by Lucintel, the future of the global vacuum bagging material market looks good, with opportunities in the aerospace and defense, wind energy, marine, and automotive. The global vacuum bagging material market is forecast to grow at a CAGR of 7.4% from 2016 to 2021. The major drivers of growth for this market are increasing usage of composites in aerospace & defense and wind energy as well as growing acceptance of VARTM (Vacuum Assisted Resin Transfer Molding) process.
In this market, aerospace and defense, wind energy, marine, and automotive are the major end use applications. On the basis of its comprehensive research, Lucintel forecasts that the aerospace and defense segment is expected to show above average growth during the forecast period of 2016 to 2021. Increasing penetration of composites in aerospace and defense is the major driver.
Within the global vacuum bagging material market, vacuum bagging film, release film, peel ply, and breather/bleeder are the major products. The breather/bleeder product is expected to remain the largest market by value.....