SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Toray Industries, Inc. (Tokyo, Japan), Teijin Limited (Osaka, Japan) are the Renowned Players in Carbon Fiber Prepreg Market - Repo

According to recent research "Carbon Fiber Prepreg Market by Resin Type (Epoxy, Phenolic, Bismaleimide, Cyanate Ester, Thermoplastic), Manufacturing Process (Hot Melt, Solvent Dip), Application (Aerospace & Defense, Automotive, Sports & Leisure, Wind) - Global Forecast to 2021", published by MarrketsandMarkets™, The carbon fiber prepreg market was valued at USD 3.86 Billion in 2015 and is projected to reach USD 7.20 Billion by 2021, at a CAGR of 11.0% between 2016 and 2021.

Browse 86 market data tables and 62 figures spread through 171 pages and in-depth TOC on "Carbon Fiber Prepreg Market - Global Forecast to 2021"
https://www.marketsandmarkets.com/Market-Reports/carbon-fiber-prepreg-market-25864916.html

Early buyers will receive 10% customization on this report.

Increasing demand for lightweight and high strength materials from the aerospace & defense and automotive industries is expected to boost the growth of the carbon fiber prepreg market during the forecast period.

The North America carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. The key countries in this region, namely, the U.S. and Canada are witnessing increased demand for carbon fiber prepregs for various applications. The growth of the North America carbon fiber prepreg market can be attributed to increasing demand for both, fuel efficient vehicles as well as lightweight and high strength materials for aerospace applications. Moreover, with the advancements taking place in the mass production technologies, the demand for carbon fiber prepregs is expected to increase in coming years, owing to their increased use in commercial vehicles. Furthermore, the leading players in the carbon fiber prepreg market are considering the North American region for expansion of their businesses through various strategies, such as new product launches and agreements.

In 2015, the U.S. led the North America carbon fiber prepreg market. The U.S. is one of the largest consumers of carbon fiber prepregs for various applications at the global level. The use of carbon fiber prepregs for different applications is leading towards increased demand for carbon fiber prepregs in the U.S.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25864916

Among resin types, the epoxy segment of the carbon fiber prepreg market is projected to grow at the highest CAGR from 2016 to 2021 due to increasing use of epoxy resin-based carbon fiber prepregs in the aerospace & defense and automotive applications. Epoxy resins do not expand at high temperatures and exhibit good mechanical and heat resistance properties. They are durable, have high tensile strength, exhibit operational stability at high temperatures, and are resistant to corrosion. Epoxy resins offer excellent moisture barrier properties when reinforced with fibers. Epoxy-based carbon fiber prepregs can successfully replace metals and other composites in a wide range of primary and secondary components used in the aerospace industry. Thus, the benefits offered by epoxy resins are expected to drive the growth of the epoxy segment of the carbon fiber prepreg market during the forecast period, 2016 to 2021.

Among applications, the aerospace & defense segment is leading the carbon fiber prepreg market, in terms of volume and value. The growth of this segment can be attributed to increased use of carbon fiber prepregs in the aerospace & defense application segment as they provide more structural strength as compared to metallic alloys and are light in weight. Carbon fiber prepregs are used for constructing various interior and exterior components of aircraft. Carbon fiber prepregs possess high strength. They increase fuel efficiency, decrease emission of greenhouse gases, and are able to work at high temperatures and in wet environments. The aerospace & defense application segment of the carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. Carbon fiber prepregs help to minimize corrosion, thereby enhancing the life of products manufactured using carbon fiber prepregs. Furthermore, as carbon fiber prepregs help to increase shelf-life of products with low maintenance requirements, their demand is growing in the automotive and sports & leisure end-use industries.

Request Sample@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=25864916

The key players in the carbon fiber prepreg market have adopted strategies of agreements, new product launches, acquisitions, and expansions to strengthen their position in the market. The major companies operating in this market are SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Toray Industries, Inc. (Tokyo, Japan), Teijin Limited (Osaka, Japan), Royal TenCate N.V. (Almeo, Netherlands), Hexcel Corporation (Connecticut, U.S.), Cytec Solvay Group (Brussels, Belgium), Mitsubishi Rayon Co., Ltd. (Tokyo, Japan), and Axiom Materials (California, U.S.), among others.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
newsletter@marketsandmarkets.com

This release was published on openPR.