Carbon Fiber Prepreg Market Opportunities, Size, Share, Key Players, and Regional Forecast to 2025 | Major Leading Key Players are SGL Group, Gurit Holdings, Park Electrochemical Corporation, Toray Industries, Royal TenCate, Hexcel Corporation, Solvay, Mi
Precision Business Insights (PBI) in its report titled “Global Carbon Fiber Prepreg Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The Global Carbon Fiber Prepreg market was valued at US$ XX Mn in 2018 and projected to reach US$ XX Mn by 2025. The carbon fiber prepreg market is growing due to its increasing demand from aerospace & defense, automotive, and wind energy industries. Boeing and Airbus have ramped up the production of commercial aircraft to cater to the rising airline passenger traffic. The increasing use of carbon fibers in electric cars and rising aircraft production are the major drivers of the market. Growth in the renewable energy market, particularly wind energy, is another factor driving the demand for carbon fiber prepregs. Frequent power cuts, blackouts, voltage fluctuation and load shedding have led to increased demand for wind power in residential buildings and this in turn, is likely to fuel the growth of the carbon fiber prepreg market. Supportive government policies in the form of tax benefits and subsidies can further add to the growth of the wind energy market. High manufacturing and processing cost is seen as a major restraint for the carbon fiber prepreg market. Recycling of carbon fiber prepregs is expensive and this can prove to be another factor responsible for hampering the growth of this market.
Global carbon fiber prepreg market segmented on the basis of resin type, manufacturing process, and end users.
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Epoxy Resins Expected to Dominate the Global Carbon Fiber Prepreg Market
Based on resin type, carbon fiber prepreg market is segmented into epoxy, phenolic, thermoplastic. Epoxy resins dominate the overall carbon fiber prepreg market as they are widely applicable in aerospace & defense, automotive, sports & recreation, wind energy, and other industries. Epoxy resin with carbon fiber reinforcement is primarily used in aerospace & defense and automotive industries. It also has a faster curing time compared to other thermoset resins, which makes it the preferred choice among automakers. The processing cost of epoxy resins is high for various end-use applications; which makes them very expensive. However, due to their rigid inter-linking molecular structure, inert chemical composition, and resistance to UV and chemical attack, epoxy resins are very durable.
North America Leads the Global Carbon Fiber Prepreg Market
Precision Business Insights (PBI) global carbon fiber prepreg market report analyses the market in different regions of North America, Europe, Latin America, Asia Pacific, and Middle East Africa. According to regional analysis, APEJ is expected to be the fastest growing carbon fiber prepreg market owing to rapid industrialization and aggressive expansion of the manufacturing sector. North America is anticipated to dominate the carbon fiber prepreg market during the forecast period. This high growth is attributed to the growing demand from aerospace & defense and automotive industries. Europe is the other prominent market in terms of rising demand for carbon fiber prepreg. The steady growth in German automobile industry is the major driving factor in this region. Middle East, Latin America and Africa are expected to expand at a relatively lower CAGR over the forecast period.
Scintillating Market Strategy Play Vital Role in Global Carbon Fiber Prepreg Market
The company possesses extensive product portfolio pertaining to carbon fiber prepregs. It gives immense emphasis on the development of high-grade carbon fiber prepregs for usage in various end-use industries. As a part of its growth strategy, the company is highly focused on expansions and agreements. For instance, in November 2017, the company entered into an agreement with Strata (UAE), an advanced composite aero structures manufacturing facility, for the supply of aerospace materials for the Boeing 777X aircraft.
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Major Key Players dominating the Market are:
Key player’s profiles in the report are SGL Group (Wiesbaden, Germany), Gurit Holdings AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Toray Industries (Tokyo, Japan), Teijin Limited (Osaka, Japan), Royal TenCate N.V. (Almeo, The Netherlands), Hexcel Corporation (Connecticut, US), Solvay (Brussels, Belgium), Mitsubishi Rayon Co. Ltd. (Tokyo, Japan), Axiom Materials (California, US).
By Resin Type
By Manufacturing Process Type
o Hot Melt
o Solvent Dip
By End User Type
o Aerospace & Defense
o Wind Energy
o Sports & Leisure
o North America
Rest of Europe
Rest of Asia Pacific
o Latin America
Rest of Latin America
o Middle East and Africa
Gulf Corporation Council Counties (GCC)
Rest of MEA
Key Features of the Report:
1. The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
2. The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
3. The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
4. The report tracks recent innovations, key developments and startup’s details that are actively working in the market
5. The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
6. The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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