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Thermoplastic Prepreg Market Forecasted to Reach US$ 193.1 million in 2023

01-23-2019 09:54 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Thermoplastic Prepreg Market Forecasted to Reach US$ 193.1

Stratview Research has launched a research report on Thermoplastic Prepreg Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Thermoplastic Prepreg Market from 2018 to 2023.

This 284 page report is segmented in five ways to provide a 360 degree holistic view. The segments are –
• End-Use Industry Type (Aerospace & Defense, Automotive, Consumer Goods and Others),
• by Resin Type (PPS, PEEK , PEI, and Others),
• by Fiber Type (Carbon Fiber Thermoplastic Prepregs and Glass Fiber Thermoplastic Prepregs),
• by Product Form Type (Fabric Prepregs, and Unidirectional Prepregs)
• by Process Type (Compression Molding , Injection Molding, AFP/ATL and Other )
• by Region
o North America (Country Analysis: the USA, Canada, and Mexico)
o Europe (Country Analysis: Germany, France, the UK, and Rest of Europe)
o Asia-Pacific (Country Analysis: China, India, Japan and Rest of Asia-Pacific)
o Rest of the World (Sub-Region Analysis: Middle East, Latin America, and Others)

Stratview Research, has presented the study of Thermoplastic Prepreg Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The key thermoplastic prepreg manufacturers include Cytec Solvay Group, Koninklijke TenCate nv, Lanxess A.G, SABIC, and Teijin Group (Toho Tenax). Some of the major end-users in the thermoplastic prepreg market include Airbus, Boeing, Gulfstream Aerospace, Dassault Aviation, Lenovo, and Hewlett-Packard (HP). Formation of long-term contracts, application development, and development of innovative products are some of the key strategies adopted by the major players in order to gain a competitive edge in the market..

Go through the detailed scope: https://www.stratviewresearch.com/toc/371/Thermoplastic-Prepreg-Market.html
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Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/371/Thermoplastic-Prepreg-Market.html

Thermoplastic Prepreg Market offer a series of advantages
Thermoset prepregs have been enjoying a long and marvelous history of more than four decades in the aerospace & defense industry. Thermoplastic prepregs offer a series of advantages including faster part cycle time, recyclability, easy to fabricate, and excellent mechanical properties. Major aircraft OEMs such as Boeing, Airbus, and Gulfstream have efficaciously started utilizing the potential of thermoplastic composites from tail to wings to fuselage components in their latest aircraft. The penetration of thermoplastic composites is not likely to stop here and will rise in future with the advancement of material, technology, and processes. Major thermoplastic prepreg manufacturers are keenly working with tier players and OEMs in order to develop new applications using thermoplastic prepregs.

Thermoplastic prepregs currently account for less than 5% of the global prepreg market; however, it is likely to grow at a faster rate than the overall prepreg market in the coming five years, driven by aerospace & defense and automotive industries. The global thermoplastic prepreg market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 193.1 million in 2023.
Increasing production rates of thermoplastic composite rich next-generation aircraft, such as B787 and A350XWB; rising demand for lightweight recyclable parts; reduced part cycle time coupled with lower-processing cost of thermoplastic composite parts as compared to thermoset composite parts; stringent regulations regarding fuel efficiency and carbon emissions in the aerospace and automotive industries are some of the key factors that are burgeoning the demand for thermoplastic prepregs globally.

Aerospace & defense is to remain the most dominant segment
The market is segmented based on the end-use industry type as aerospace & defense, consumer goods, automotive and others. Aerospace & defense is projected to remain the most dominant segment of the market during the forecast period. Increasing production of commercial aircraft coupled with an increase in penetration of thermoplastic composites, especially in composite-rich aircraft programs, such as B787 and A350XWB is likely to fuel the growth of the segment in the coming years. Clips and cleats used in fuselage are the major applications of thermoplastic prepreg in these aircraft programs.

PPS resin dominates the market in Resin Type
Based on the resin type, PPS resin dominates the market and is expected to maintain its dominance during the forecast period as well. PPS resin has good dimensional stability even at elevated temperatures and in harsh chemical environment. It also has the advantage of molding complex parts easily and with a tight tolerance. Also, the resin type finds usage in various aircraft applications, especially in airframe. The aircraft industry is also showing a sheer interest in PEEK-based thermoplastic prepregs.
Carbon fiber is to remain the larger segment in fiber type
Based on the fiber type, carbon fiber is projected to remain the larger segment of the global thermoplastic prepreg market during the forecast period. The fiber offers numerous advantages, such as excellent weight reduction, high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance, but at very high cost. Major thermoplastic composite applications in an aircraft, such as clips and cleats, are fabricated with carbon fiber-based thermoplastic prepregs.

Unidirectional prepreg is likely to remain the larger segment in product form type
Based on the product form type, the global thermoplastic prepreg market is classified as unidirectional prepreg and fabric prepreg. Unidirectional prepreg is likely to remain the larger segment of the global thermoplastic prepreg market during the forecast period, owing to its low cost. The product type is also considered suitable for aircraft structural applications requiring high strength at one direction.

Compression molding is the most dominant process type
Based on the manufacturing process type, the market is classified as compression molding, injection molding, AFP (Automated Fibre Placement)/ATL (Automated Tape Layup), and others. Compression molding is the most dominant process type in the market. The process offers faster part cycle time, reduced part wastage, and reduced defects, which overall leads to a lower part cost. AFP/ATL is likely to be the fastest-growing process type during the forecast period, driven by increasing demand for an automated process that can layup prepreg at a faster rate than the manual layup process and generates low void content.
Europe is expected to remain the largest thermoplastic prepreg market
Based on regions, Europe is expected to remain the largest thermoplastic prepreg market during the forecast period. Airbus is one of the major consumers of thermoplastic prepregs in Europe. Major thermoplastic component manufacturers have set up their manufacturing plants in the region in order to be proximal with Airbus assembly plants to fulfill its current and future requirements of composite parts made with thermoplastic prepregs.

North America accounted for the second largest share in the thermoplastic prepreg market and is expected to maintain its position in the coming five years as well. Boeing and Gulfstream Aerospace are the major OEMs, which are likely to drive the demand for thermoplastic composite parts in the region.

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.
● Research Methodology

This report studies the Thermoplastic Prepreg Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o More than 500 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Click Here for Other Reports from Stratview Research in the Chemicals & Materials Industry: https://www.stratviewresearch.com/market/report/Advanced-Materials.html

Stratview Research is a global market intelligence firm offering a wivde range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

We have a strong experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.

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United States of America

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