Composite Release Liners Market to Observe Strong Development by 2025
Composite
release liners are primarily used to prevent materials from sticking
together. They are highly preferred in the manufacture of composite
and prepregs owing to their strength and high durability.
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The
global composite release liners market can be segmented based on
backing type, end-use industry, and region. In terms of backing type,
the composite release liners market can be divided into clay coated
paper, super calendered paper, machine glazed kraft paper, polyolefin
film, and others. Clay coated paper is expected to be the major
segment of the composite release liners market during the forecast
period owing to its beneficial properties such as high level of
dimensional stability and high surface smoothness. In terms of
end-use industry, the composite release liners market can be
classified into wind energy, marine, sports & leisure, aerospace
& defense, industrial, and others. Aerospace & defense is
anticipated to be the key segment of the market during the forecast
period.
The
composite release liners market is anticipated to expand
significantly during the forecast period due to the increase in
demand for composite release liners in the aerospace & defense
industry. Composite release liners are extensively used in the
manufacture of prepregs. Demand for prepregs has been constantly
increasing in various end-use industries such as aerospace &
defense and automotive. This is anticipated to boost the demand for
composite release liners during the forecast period. Usage of
composite release liners in the automotive industry is estimated to
rise significantly during the forecast period. The automotive
industry depends on composite release liners for the production
process of vehicles, aftermarket accessories, and replacement parts.
Thus, growth in the automotive industry is expected to drive the
market for composite release liners during the forecast period.
Furthermore, significant growth in the wind energy market is
projected to propel the demand for composite release liners during
the forecast period. Composite release liners are used in the
manufacture of wind turbine blades. However, high cost and fragile
nature of composite release liners is likely to adversely affect the
overall market during the forecast period.
In
terms of region, the composite release liners market can be
segregated into North America, Europe, Asia Pacific, Middle East &
Africa, and Latin America. North America is expected to dominate the
global composite release liners market, followed by Asia Pacific and
Europe, during the forecast period. Expansion in the composite
manufacturing industry is anticipated to boost the demand for
composite release liners in North America during the forecast period.
The composite release liners market in Asia Pacific is estimated to
expand significantly during the forecast period due to the expansion
in automotive and aerospace & defense industries in the region.
Rise in demand for composite release liners in wind energy is
projected to propel the market for composite release liners in
Europe. The composite release liners market in Middle East &
Africa and Latin America is also likely to expand at a rapid pace in
the near future.
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Companies
are adopting merger and acquisition strategies to expand their market
share. Furthermore, they are shifting their production facilities to
emerging economies in Asia Pacific and Latin America owing to the
easy availability of land, cheap labor, and governmental subsidies in
these regions. Key players operating in the global composite release
liners market include Lintec Corporation, Loparex, Mondi, MUNKSJÖ
OYJ, Wausau Paper, MPI Release, LLC, Sappi Limited, and Optimum
Plastics.
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