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. 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.
Emergen Research has published a novel research report titled, “Global Prepreg Market Forecast to 2030”. The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Prepreg Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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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
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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At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
