Carbon Fiber Prepreg Market Analysis, Key Growth Drivers, Challenges, Leading Key Players Review, Demand and Upcoming Trend by Forecast to 2023
Carbon fiber prepreg are used in a wide range of industry application owing to their excellent properties such as chemical, heat, and moisture resistance, high tensile strength, and superior mechanical properties among others. It is extensively used in applications pertaining to aerospace & defense, automobiles, sports equipments, wind power and others. The rising growth aerospace & defense across the globe is expected to substantially contribute to the growth of the carbon fiber prepreg market.
The global carbon fiber prepreg market is driven by the growing demand for fuel efficient cars and growing investment in the wind energy. Moreover, it is estimated that the aerospace and defense sector is set to witness the highest growth during the forecast years. The properties such as growing operation stability at extreme temperatures and tensile strength has resulted in the increasing adoption of carbon fiber prepreg in the automotive and defense industry.
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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.
On the basis of resin type, the epoxy resin is anticipated to lead the segment in 2016 and is expected to follow the same trend during the assessed years. This growth of the segment is mainly attributed to the growing demand from the automobile, aerospace and defense industry. Moreover, the low maintenance and durability are other reasons for the employment of epoxy resins in the end use industries.
the growth of the market.
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.
The global carbon fiber prepreg market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, North America followed by Asia Pacific holds the major share of the market and is expected to continue the dominance during the forecast years. The presence of the most populated countries of the world such as India and China has augmented the demand for various sectors such as the sports & leisure products and automobile in turn adding to the market growth. Carbon Fiber Prepreg is extensively used in the production of bicycles, fishing rods, tennis rackets, and golf shafts among others. Moreover, the growing installation of wind energy capacity mainly in China and India to augmented the power sector also positively effecting the growth of the market.
The North American carbon fiber prepreg market is mainly driven by the U.S. and Canada. The presence of the developed end-user industries such as automotive and aerospace coupled with the increasing adoption rate is contributing significantly to the growth of the market. Moreover, the growing investment in the wind energy and defense sector is further expected to add fuel.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Carbon Fiber Prepreg Market
5 Industry Overview Of Global Carbon Fiber Prepreg Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
LIST OF TABLES
Table 1 World Population By Major Regions (2017 To 2030)
Table 2 Global Carbon Fiber Prepreg Market: By Region, 2017-2023
Table 3 North America Carbon Fiber Prepreg Market: By Country, 2017-2023
Table 4 Europe Carbon Fiber Prepreg Market: By Country, 2017-2023
Table 5 Asia-Pacific Carbon Fiber Prepreg Market: By Country, 2017-2023
Table 6 Middle East & Africa Carbon Fiber Prepreg Market: By Country, 2017-2023
Table 7 Latin America Carbon Fiber Prepreg Market: By Country, 2017-2023
Table 8 Global Carbon Fiber Prepreg By Resin Type Market: By Regions, 2017-2023
Table 9 North America Carbon Fiber Prepreg By Resin Type Market: By Country, 2017-2023
Table 10 Europe Carbon Fiber Prepreg By Resin Type Market: By Country, 2017-2023
LIST OF FIGURES
FIGURE 1 Global Carbon Fiber Prepreg Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Carbon Fiber Prepreg Market
FIGURE 4 Value Chain Of Global Carbon Fiber Prepreg Market
FIGURE 5 Share Of Global Carbon Fiber Prepreg Market In 2017, By Country (In %)
FIGURE 6 Global Carbon Fiber Prepreg Market, 2017-2023,
FIGURE 7 Sub Segments Of Resin Type
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