High-Temperature Prepreg Market likely to reach an estimated value of US$ 538.0 million by 2024, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current High-Temperature Prepreg Market scenarios and has also estimated the High-Temperature Prepreg Market size to reach an estimated value of US$ 538.0 million by 2024. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2019 – 2024, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

Click here for a Free Sample of the report (additional insights inside):
https://www.stratviewresearch.com/Request-Sample/391/High-Temperature-Prepreg-Market.html

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 aircraft industry is witnessing a gradual change towards the usage of a hotter aircraft engine in order to increase its propulsion rate and performance. This is creating a dire need for high-temperature prepregs in various aero engine applications. Hot air engine duct is one such example, where high-temperature prepregs are gaining a considerable share in order to fulfill the industry demand. A similar trend has been noticed in the automotive industry as well. Engines are getting hotter and the under-the-hood space is getting squeezed in order to make the vehicle more compact. High-temperature prepregs are expected to play a vital role in the automotive industry as well to meet the increasing requirement from various automotive OEMs and tier players.

Click here for description of the report:
https://www.stratviewresearch.com/391/High-Temperature-Prepreg-Market.html

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. BMI resins are extensively used in tooling prepreg applications. Furthermore, it is also gaining traction in military aircraft and commercial aircraft in applications, such as engine, airframe, nacelle, thrust reverser, and duct applications.
Polyimide resin is expected to maintain its leading position during the forecast period. Composite parts fabricated using polyimide prepreg can withstand continuous use up to 315°C (600°F) and intermittent use up to 480°C (900°F) and exhibit extremely high dimensional stability at elevated temperatures.
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. Lockheed Martin’s F-35 is the best-selling 5th generation fighter aircraft, which incorporates high-temperature composite prepregs substantially. About 35% of the F-35 aircraft’s structural weight is composites and about 50% of which is made up of high-temperature prepregs.
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. High pressure of autoclave ensures good mechanical properties and helps reduce void contents. The out-of-autoclave and other segments are also likely to witness healthy growth rates in the market during the forecast period.
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. Lockheed Martin has opened a new manufacturing facility to produce its high-temperature composite rich F-35 aircraft in Pinellas Park, Florida, the USA, to raise the existing production rate. There is a total un-filled order of more than 2,691 F-35 aircraft from 12 countries out of which the USA’s inventory objective is 2,456 F-35 aircraft.

Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/391/High-Temperature-Prepreg-Market.html

Highlights of the Report:
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.
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.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The High-Temperature Prepreg Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Stratview Research
400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
sales@stratviewresearch.com

Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.

This release was published on openPR.