Global Non-Woven Prepreg Market to Grow at CAGR of 9.2% during 2016-2021

The Global Non-Woven Prepreg Market: Highlights
The global non-woven prepreg market offers healthy growth opportunity and is likely to grow at 9.2% CAGR during the forecast period of 2016 to 2021. Increasing installations of large MW wind turbines, increasing use of composites in aerospace & defense and automotive industries, and recovering boat sales are some of the major growth drivers of the non-woven Prepreg market.

Wind energy market is expected to remain the largest consumer of non-woven prepreg during the forecast period, driven by increasing wind energy installations worldwide. Increasing wind blade length needs a material which has high load bearing properties. Non-woven prepreg based blades provide higher load bearing capacity than woven prepreg based blades and are highly suitable for longer wind blades. Glass fiber based non-woven prepreg are mostly used to manufacturer different sections of wind blades although, some companies are also using carbon fiber based non-woven prepreg in the spar section of wind blades.

Automotive industry is expected to experience the fastest growth in the next five years driven by increasing use of composites in mass produced vehicles to reduce an overall vehicle weight and increase fuel efficiency. Stringent government regulations, such as CAFÉ standards are putting pressure on automakers to either reduce the vehicle weight or downsize the engine to enhance the efficiency and reduce carbon emissions. Auto OEMs are heavily working on lightweight materials including non-woven prepreg to meet the targets set by regulations. This is pushing the demand of non-woven prepreg in the global automotive industry.

Glass fiber based non-woven prepreg is expected to remain the largest fiber type in the global non-woven prepreg market during the forecast period, driven by wind energy and automotive industries. Carbon fiber based non-woven prepreg is expected to witness the fastest growth in the next five years. Increasing use of carbon fiber based non-woven prepreg in longer blades by major players, such as Vestas and Gamesa, increasing use of carbon composites in the structural applications in aerospace and defense aircraft and automotive industries will provide the significant growth momentum.

Asia-Pacific is expected to remain the largest non-woven prepreg market during the forecast period. The region is also likely to grow at the fastest rate in the next five years. The largest market for wind turbine installations, the largest automotive producers, the largest electrical and electronic components manufacturing region, and the fastest growing aerospace industry are the major growth drivers of the region.
Request sample here: https://www.stratviewresearch.com/Request-Sample/170/non-woven-prepreg-market.html

The supply chain of this market comprises of raw material suppliers, textile manufacturers, non-woven prepreg manufacturers, composite part manufacturers, distributors, and OEMs. The key non-woven textile manufacturers are Owens Corning, Seartex, PPG Fiberglass, Jushi, CPIC and Taishan Fiberglass and the key OEMs are Vestas, Gamesa, GE Energy, Airbus, Boeing, General Motors, and Ford.

The key non-woven prepreg manufacturers are Hexcel Corporation, Toray Industries, Gurit Holding AG, SGL Carbon, and Mitsubishi Rayon Carbon.

New application development, strategic alliances, and long term contracts are the key strategies adopted by major players to gain competitive edge in the market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The global non-woven prepreg market is segmented into the following categories.

Global Non-Woven Prepreg Market, By Fiber Type
• Glass Fiber based Non-Woven Prepreg (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
• Carbon Fiber based Non-Woven Prepreg (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
• Other Fibers based Non-Woven Prepreg (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
Global Non-Woven Prepreg Market, By End Use Industry Type
• Aerospace and Defense (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
• Automotive (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
• Electrical and Electronics (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
• Wind Energy (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
• Marine (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
• Others (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
Global Non-Woven Prepreg Market, By Sales Channel Type
• Direct Sales (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
• Distributors (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
Global Non-Woven Prepreg Market, By Region
• North America (Country Analysis: USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, UK, Italy, and Rest of the Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
• Rest of the World (Country Analysis: Middle East and Latin America)

About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

Category : Advanced Material
https://www.stratviewresearch.com/170/non-woven-prepreg-market.html
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

Stratview Research
Crystal Tower, Raipur - 492001
Phone No. +1-313-307-4176
Email :- sales@stratviewresearch.com

This release was published on openPR.