Prepreg Market Size, Survey and Forecast Report 2030
The global prepreg market size reached USD 6.94 Billion in 2021 and is expected to register a revenue CAGR of 10.7% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for prepreg from various end-use industries, especially from aerospace & defense, coupled with rising demand from the automotive industry is a key factor driving market revenue growth to a significant extent.
Composite materials such as carbon fiber have
replaced metal in the production of aircraft and automobiles owing to light
weight and high strength. Moreover, flexibility for casting or molding into any
shape highly increases demand for manufacturing of components for aircraft
interiors, engine blades and rotors, propellers, fin blades, seats, and tail
planes – also known as a horizontal stabilizer – among others. Lighter
components also decrease operational costs, which is another key factors
driving demand for prepreg and is expected to support revenue growth of the
market going ahead.
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Resin types such as phenolic, fiber, and epoxy
are utilized for both military and commercial plane and aircraft production.
Prepreg is widely used in the manufacturing of reinforcement fiber for
ballistic applications in the defense sector. Properties of prepreg such as
lightness, strength, and ability to be molded into complex shapes are resulting
in rapid increase in demand for better cosmetic grade prepreg with high-quality
lamination in the automotive industry.
Market Scope:
One of the report’s
central components is the broad Prepreg market segmentation that includes the
product type gamut, application spectrum, end-user industry landscape,
significant geographical regions, and the top market contenders. The report
contains unbiased industry expert opinions on the current market scenario, past
market performance, production & consumption rates, demand & supply
ratio, and revenue generation forecasts over the estimated period. The key
players’ financial positions, along with their gross profits, sales volumes,
sales revenue, manufacturing costs, and other financial ratios, have been
accurately gauged in the report.
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The report further divides the Prepreg market
into key segments such as types, applications, end-user industries,
technologies, and key regions of the market. The report also sheds light on the
segment and region exhibiting promising growth in the Prepreg market.
Emergen Research has segmented the
global Prepreg market on the basis of resin, manufacturing process, fiber,
end-use, and region:
Resin Outlook (Revenue, USD Billion,
Volume (Kilo Tons); 2019-2030)
Thermoset
Thermoplastic
Manufacturing Process Outlook
(Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
Hot-melt
Solvent dip
Fiber Outlook (Revenue, USD Billion,
Volume (Kilo Tons); 2019-2030)
Glass
Carbon
Aramid
Others
End-Use Outlook (Revenue, USD Billion,
Volume (Kilo Tons); 2019-2030)
Aerospace & defense
Automotive
Wind energy
Sporting goods
Others
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The report also
studies the key companies of the Prepreg market along with analysis of their
business strategies, M&A activities, investment plans, product portfolio,
financial standing, gross profit margin, and production and manufacturing
capacities.
Key players involved
in the market such as Hexcel Corporation, Toray Industries, Inc.,
Park Aerospace Corp., Teijin Limited, Mitsubishi Chemical Carbon Fiber and
Composites, Inc., SGL Carbon, Gurit, Rock West Composites, Inc., Plastic
Reinforcement Fabrics Ltd., and ACP Composites, Inc.
Regional Analysis:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
Europe (U.K., Italy, Germany, France, Rest of
EU)
Asia Pacific (India, Japan, China, South
Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the
U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
Which region is expected to dominate the
market in the coming years?
What are the recent technological and product
advancements occurring in the market?
What are the key strategies adopted by the
prominent players in the Prepreg market?
What are the key product types and
applications of the Prepreg industry?
What is the outcome of SWOT analysis and
Porter’s Five Forces analysis?
How is the competitive landscape of the Prepreg
market?
Who are the key players in the industry?
What is the growth rate of the industry over
the coming years?
What will be the valuation of the Prepreg
Market by 2030?
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