Carbon Fiber Prepreg Market Research Report: Resin (Epoxy Resin, Phenolic Resin, Bmi Resin) Manufacturing Process (Hot Melt Process) End Use (Automotive, Wind Energy, Sports & Leisure) – Forecast Till 2023
Prepreg are a type of composite fibers which consists of a thermoset polymer material. Carbon fiber prepreg is a fiber material that is pre-impregnated with catalyzed resins. The manufacturing of these carbon fibers requires vacuum bagging supplies, composite vacuum pumps, and high thermal stable molds. These fibers require a very low temperature of around -20 º C to prevent it from getting cured before the application.
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The two major methods used in the synthesis of carbon fiber prepreg are hot melt process and solvent dip process. The advantages such as high tensile strength, chemical resistance, and lightweight makes it suitable for many end-use industries such as aerospace, automobile, and wind turbine industries among others.
The growing demand for carbon fiber prepreg in the end user industries is the major factor driving the market growth during the forecast years. Moreover, the growing demand for fuel efficient car, along with the growing investment in the renewable energy sector is substantially contributing to the growth of the carbon fiber prepreg market. Among the various resin segments in carbon fiber prepreg market, the epoxy resin segment is the leading one and is expected to continue its dominance over the forecast period.
The properties such as high strength to weight ratio and enhance heat corrosion and moisture resistance of epoxy resin makes them suitable for applications such as aerospace, defense, sports & leisure, and wind among others. Among the end use industry aerospace & defense is the leading segment owing to the high performance stability of carbon fiber prepreg than other conventional materials.
Global Carbon fiber prepreg Market Share, by End use industry
The carbon fiber prepreg market is segmented into five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, North America holds a major share of the market and is expected to be exhibit an expanding CAGR during the forecast years. The growing demand form the developed aerospace & defense and the automobile industry. The growing use of carbon fiber prepreg in the manufacturing of combat, commercial and transport aircrafts is further fuelling the market growth in the region. Moreover, the key automobile manufacturers such as General Motors, Ford, and Fiat Chrysler is also surging the demand for carbon fiber prepreg in the region.
In 2017, General Motors has planned to implement the use of carbon fiber composites for the beds of the full sized pickups to reduce weight and improve efficiency. The U.S. and Canada are the major countries attributed to the growth of the market. Asia Pacific is another dominant region in the market of carbon fiber prepreg and is expected to show the same trend during the forecast years. The growing requirement of energy has augmented the investment in renewable energy especially wind which is a major factor driving the market in the region. The growing wind energy installation especially in India and China has augmented the use of carbon fiber prepreg in the production of wind turbine blades owing to its enhanced durability and lightweight.
The global carbon fiber prepreg market is segmented into resin type, manufacturing process, and end user industry. On the basis of the resin type, the market is segregated into epoxy resin, phenolic resin, BMI resin, cyanate ester resin, thermoplastic resin and other resins. The market by manufacturing process is segmented into hot melt manufacturing process and solvent dip manufacturing process. The market by end user industry is further categorized into automotive, aerospace & defense, sports & leisure, wind energy, and others.
Some of the prominent players operating in the global carbon fiber prepreg market Cytec Solvay Group (Brussels, Belgium), Royal TenCate N.V. (Almeo, Netherlands), Teijin Limited (Osaka, Japan), Toray Industries, Inc. (Tokyo, Japan), Hexcel Corporation (Connecticut, U.S.), SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Mitsubishi Rayon Co., Ltd. (Japan), and Axiom Materials (California, U.S.) among others.
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The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Carbon fiber prepreg market manufacturers
Traders and Distributors of carbon fiber prepreg market
Production process industries
Raw material suppliers
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