Press release
Carbon Fiber Prepreg Market Overview, Dynamics, Status and Global Trends Forecast to 2023
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The major drivers fueling the growth of the carbon fiber prepreg market are increasing demand for fuel efficient vehicles and growing use of carbon fiber prepreg in the aerospace and defense and wind industries. Carbon fiber prepreg find applications in wind turbine blades, primary and secondary structures in aerospace and automotive applications, bicycle frames, tennis rackets, golf shafts and others.
The hot melt manufacturing process segment is expected to grow significantly in terms of value and volume owing to the ability of hot melt manufacturing process to produce both, fabric and unidirectional carbon fiber prepregs.
The key trend projecting a growth in the carbon fiber prepreg market is economic growth of emerging economies, development and launch of various innovative products and urbanization across the globe.
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The major companies operating in the global market for carbon fiber prepreg are SGL Group, Gurit Holding AG, Park Electrochemical Corporation, Toray Industries, Inc., Teijin Limited, Royal TenCate N.V., Hexcel Corporation, Cytec Solvay Group, Mitsubishi Rayon Co., Ltd. and Axiom Materials.
Market segmentation
By Resin Type
Epoxy resin
Phenolic resin
BMI resin
Cyanate ester resin
Thermoplastic resin
Others
By Manufacturing Process
Hot melt process
Solvent DIP process
By Application
Aerospace and defense
Automotive
Sports and leisure
Wind energy
Others
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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