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Prepreg Market Insights | Key Players: Royal Ten Cate N.V. (Netherland), Toray Industries, Ltd. (Japan), Teijin Ltd. (Japan), Hexcel Corporation (U.S.), SGL group (Germany)

02-15-2019 11:36 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

/ PR Agency: MNM
According to the new research report "Prepreg Market by Fiber Type (Carbon, Glass, and Aramid), Resin Type (Thermoset and Thermoplastic), Manufacturing Process (Hot-Melt and Solvent DIP), Application (Aerospace & Defense, Wind, Sporting good, Automotive, Electronics) - Global Forecast to 2021", Published by MarketsandMarkets™ The prepreg market is expected to grow from USD 5.3 billion in 2016 to USD 8.64 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period. The major factors driving the prepreg market include the increasing demand of lightweight materials from automotive industry and increasing use of prepreg by Boeing and Airbus.

Download PDF Sample Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=56131284

Browse 74 market data Tables and 58 Figures spread through 157 Pages and in-depth TOC on "Prepreg Market"

Wind industry is the largest application market for prepreg in the global prepreg market terms of volume

The wind energy segment dominates the prepreg market because the number of wind capacity installations has increased significantly in 2015. Owing to the growth in number of wind capacities installed, the demand for prepreg in for making wind turbine blades is increasing. This is because prepregs are light-weight, and consume less energy. Further, the use of carbon fiber prepreg in wind turbines enables longer, more efficient blade designs, and optimizes stiffness-to-weight ratio in longer blades. These benefits of prepreg are boosting the growth of prepreg in wind applications.

Carbon fiber prepreg comprise a major share in the prepreg market in terms of value

Carbon fiber prepreg has the highest market share in prepreg market due to large demand from aerospace & defense industry, wind and sporting goods applications. Carbon fiber prepreg is used in primary & secondary structure of aircraft interiors, wind turbine blades, bicycle frames, golf shafts, tennis rackets and others. They provide better thermal resistance, anti-corrosive properties, high tensile strength, reduced weight and ease of molding into various shapes. These properties have boosted the carbon fiber prepreg market.

Asia-pacific accounts for a major market share of prepreg market

Asia-Pacific accounts for the largest market of prepreg, globally, due to the high demand from the wind energy, sporting goods, electronics and aerospace & defense applications accompanied by regulatory norms requiring the use of ecofriendly materials. Along with the existing capacities, several prepreg manufacturers are signing agreements with aircraft manufacturers to cater to increasing demand from aerospace & defense applications. For instance, Toray Industries, Inc. signed an agreement with Airbus Group S.E to supply TORAYCA carbon fiber prepreg for the primary structure of the A380 aircraft. The demand for prepreg in Asia-Pacific is projected to continuously increase in the near future on account of significant performance, less pollution and advent of new manufacturing techniques which would increase the production volumes and decrease the cost of prepreg.

Some of the key global players prevailing in the prepreg market are Royal Ten Cate N.V. (Netherland), Toray Industries, Ltd. (Japan), Teijin Ltd. (Japan), Hexcel Corporation (U.S.), SGL group (Germany), and others. These players have adopted various organic and inorganic developmental strategies in the past five years.

Read More Context at https://www.marketsandmarkets.com/Market-Reports/prepreg-market-56131284.html

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.

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