High-Temperature Prepreg Market to reach US$ 538.0 million during the coming years (2018-2023)

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the High-Temperature Prepreg Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global High-Temperature Prepreg Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2018-2023.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

High-Temperature Prepreg Market: Highlights
High-temperature prepregs are majorly used in the aerospace & defense and transportation industries. In aerospace & defense, high-temperature prepregs are mainly used in primary and secondary structures so that they can operate at temperatures reaching 350°C or above. Increasing penetration of composites in the aerospace & defense and automotive industries is chiefly driving the demand for high-temperature prepregs. Furthermore, increasing use of high-temperature-resistant composites for the construction of structural applications coupled with increasing production rates of the next-generation fighter aircraft such as F-35, substantiates the growth of the market. Additionally, rising demand for fast-curing prepregs for mass-produced vehicles and longer wind blades, and superior performance benefits of high-temperature prepregs assure higher growth of high-temperature prepregs than the overall prepregs market in the coming five years.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• By Resin Type : BMI Prepreg, Cyanate Ester Prepreg and Others
• By End-Use Industry Type : Aerospace & Defense, Transportation and Others
• By Reinforcement Type : Fabric Prepreg and Unidirectional Prepreg
• By Curing Type : Autoclave, Out-of-Autoclave and Others
• By Region : North America, Europe, Asia-Pacific, and RoW

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The Growth Prognosis & its Drivers
The global high-temperature prepreg market is projected to grow at an impressive rate over the next five years to reach US$ 538.0 million in 2024. High-temperature prepreg currently occupies less than 1% of the total prepreg market in terms of both value and volume but is expected to witness a higher growth as compared to the overall prepreg market in the foreseen future. Major prepreg manufacturers are increasingly focusing on high-temperature prepreg in order to gain the leading position in the segment.

Market Segments
Based on resin type, the market is segmented as BMI prepreg, cyanate ester prepreg, polyimide prepreg, thermoplastic prepregs, and other prepregs. BMI and polyimide prepreg will act as the growth engines of the market in the foreseen future.
Based on the end-use industry type, aerospace & defense is likely to remain the most dominant segment during the forecast period. Increasing production rates of high-temperature composite rich fighter aircraft such as F-35, is likely to give impetus to the demand for high-temperature prepregs in the industry.
Based on the curing type, autoclave curing is projected to maintain its dominance in the market over the next five years. Aircraft primary structures, such as wings, fuselages, and empennage components, are mostly fabricated by using composite materials and cured through an autoclave process.
In terms of region, North America is projected to remain the largest market during the forecast period, driven by the presence of leading aircraft OEMs, aeroengine manufacturers, tier players, prepreg manufacturers, and raw material suppliers. The USA is the growth engine of the region’s market.

Players
The supply chain of this market comprises fiber manufacturers, resin manufacturers, prepreg machine suppliers, high-temperature prepreg manufacturers, tier players, OEMs, and airlines. The key high-temperature prepreg manufacturers include Solvay S.A., Koninklijke TenCate nv, Hexcel Corporation, Gurit Holding AG, Park Electrochemical Corporation, and Renegade Material Corporation. Development of low-cost high-temperature prepregs with ease of manufacturing process, improvement in performance, and forming strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.

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This release was published on openPR.