Press release
Carbon Fiber Prepreg Market Forecast 2018 With Top Industry Giants Like Cytec Solvay Group, Hexcel, Royal Tencate, Teijin Limited, Toray Industries and More
Carbon Fiber Prepreg
Carbon Fiber Prepreg is driven by the region Asia pacific, owing to the rise in the production of use of Carbon Fiber to manufacture projects resulting in to increasing demand for fiber industries among others. Carbon Fiber is as essential material in aircraft design to manufacture interior. the Fiber production over the forecast period is expected to drive the Carbon Fiber Prepreg market. High thermal resistance, low friction, lightweight and self-lubrication are some driving factors. The global carbon fiber prepreg market is fragmented with the presence of a large number of players across different regions.
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The Carbon Fiber Prepreg Market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. The Global Carbon Fiber Prepreg Market accounted for USD 4.35 billion in 2016 and is projected to grow at a CAGR of 11.3% during the forecast period of 2017 to 2024. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Carbon Fiber Prepreg Market
Some of the major players in carbon fiber prepreg market include
• Cytec Solvay Group,
• Hexcel Corporation,
• Royal Tencate N.V.,
• Teijin Limited,
• Toray Industries Inc.,
Others: Gurit Holding AG, SGL Group, Axiom Materials, Mitsubishi Rayon Co. Ltd., Park Electrochemical Corporation, HC Composite, Kineco Pvt. Ltd., Unicarbon, Zyvex Technologies, TCR Composites, PRF Composite Materials, Triple H Composites, GMS Composites, Dexcraft H.C., Cedar Composites and many more.
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Market Segmentation: Global Carbon Fiber Prepreg Market
• The carbon fiber prepreg market is segmented on the basis of resin type into epoxy resin, phenolic resin, BMI resin, cyanate ester resin, thermoplastic resin, and other resins.
• On the basis of manufacturing process, the market is segmented hot melt process and solvent dip process.
• On the basis of end-user, the market is segmented into aerospace & defense, automotive, sports & leisure, wind energy and others.
• On the basis of geography, the carbon fiber prepreg market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
• Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Major Market Drivers:
• Rising use of prepregs by major aircraft manufacturers
• Rising demand from the wind energy
• Increasing demand for lightweight materials from the automotive sector
Market Restraint:
• High production & processing costs
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