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Composite film is prepared by alternate deposition or vacuum filtration of the mixed dispersions of both components. For example, Prussian blue composite films have been manufactured using layer-by-layer assembly of the polycation PANI and a negatively ionized Prussian blue nanoparticle dispersion. Composite films can be used to combine properties as well as multiply colored electrochromic electrode compared to the bare Prussian blue and PANI with restricted color states.
Composite films are mechanically stable and has high flexibility, therefore could be bent into large angles or be shaped into various desired structures.
The global market for composite films is severely impacted by the outbreak of the COVID-19 pandemic.
The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
Thus, insufficiency in raw material supply is expected to hamper the production rate of composite films, which negatively impact the market growth.
Composite films are highly used in aerospace & defense and automotive industries due to its higher shelf life and dual cure compatibility. Composite films have huge demand in various industries, since its strength to weight ratio is higher than aluminum or steel and thus making it more appealing.
One of the primary factors driving the composite film market is its properties, such as light weight, resistance to lightning strike and others. Due to these properties, about 50% of this aircraft bodies are already made with composite films and various aviation and automobiles companies are also accepting it, in order to decrease overall weight and increase the efficiency of the final product. Since, weight reduction has become an essential part of these industries.
One of the significant drivers for this market are expanding aircraft delivery and expanding infiltration of composites in the basic parts of aircraft. However, high level of risks with respect to manufacturing process and technological development of low-cost technologies are the factors, which are anticipated to hinder growth of the composite film market in the forecasted period.
The global composite film market is studied across major four regional markets including North America, Europe, Asia-Pacific, and LAMEA. North America is expected to be the largest market over the coming years in response to the growing economies of the US, and Canada, the presence of prominent players, and expanding aerospace & defense, and automotive industries. In addition, the U.S. is projected to grow at the fastest rate during the forecast period and it is the largest market for composite films and this in North America is further expected to complement the growth of this region. Moreover, economic growth of the nation is the key factor for the high consumption of composite films. Automotive and other industries are rapidly expanding, thereby driving demand for composite films in the region.
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