openPR Logo
Press release

Thermoplastic Prepreg Market likely to reach an estimated value of US$ 223.2 million in 2024, as estimated by Stratview Research

11-13-2019 11:34 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Thermoplastic Prepreg Market likely to reach an estimated value

Stratview Research in its recent report has offered an overlook of the current Thermoplastic Prepreg Market scenarios and has also estimated the Thermoplastic Prepreg Market to reach an estimated value of US$ 223.2 million in 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):

Thermoset prepregs have been enjoying a long and marvelous history of more than four decades in the aerospace & defense industry. Thermoplastic prepregs offer a series of advantages including faster part cycle time, recyclability, easy to fabricate, and excellent mechanical properties. Major aircraft OEMs: Boeing, Airbus, and Gulfstream have efficaciously started leveraging the potential of thermoplastic composites from the tail to wings to fuselage components in their latest aircraft. The penetration of thermoplastic composites is not likely to stop here and will rise in the future with the advancement of the material, technology, and processes. Major thermoplastic prepreg manufacturers are keenly working with tier players and OEMs in order to develop new applications using thermoplastic prepregs.
Increasing production rates of thermoplastic composite rich next-generation aircraft, such as B787 and A350XWB; rising demand for lightweight recyclable parts; reduced part cycle time coupled with lower-processing cost of thermoplastic composite parts as compared to thermoset composite parts; stringent regulations regarding fuel efficiency and carbon emissions in the aerospace and automotive industries are some of the key factors that are burgeoning the demand for thermoplastic prepregs globally.

Click here for description of the report:

The global thermoplastic prepreg market is segmented based on the end-use industry type as aerospace & defense, consumer goods, automotive and others. Aerospace & Defense is projected to remain the most dominant segment of the global thermoplastic prepreg market during the forecast period. Increasing production of commercial aircraft coupled with an increase in penetration of thermoplastic composites, especially in composite-rich aircraft programs, such as B787 and A350XWB is likely to fuel the growth of the segment in the coming years. Clips and cleats used in fuselage are the major applications of thermoplastic prepreg in these aircraft programs.
Based on the resin type, PPS resin dominates the thermoplastic prepreg market and is expected to maintain its dominance during the forecast period as well. PPS resin has good dimensional stability even at elevated temperatures and in the harsh chemical environment. The resin system also has the advantage of molding complex part easily and with a tight tolerance. Also, the resin type finds usage in various aircraft applications, especially in aircraft airframe. The aircraft industry is also showing a sheer interest in PEEK-based thermoplastic prepregs.
Based on the fiber type, carbon fiber is projected to remain the larger segment of the global thermoplastic prepreg market during the forecast period. Carbon fiber offers numerous advantages, such as excellent weight reduction, high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance but at a very high cost. Major thermoplastic composite applications in an aircraft, such as clips and cleats, are fabricated with carbon fiber-based thermoplastic prepreg.
Based on the product form type, the global thermoplastic prepreg market is classified as unidirectional prepreg and fabric prepreg. The unidirectional prepreg is likely to remain the larger segment of the global thermoplastic prepreg market during the forecast period, owing to its low cost. The product type is also considered suitable for aircraft structural applications requiring high strength in one direction.
Based on the manufacturing process type, the global thermoplastic prepreg market is classified as compression molding, injection molding, AFP (Automated Fiber Placement)/ATL (Automated Tape Layup), and others. Compression molding is the most dominant process type in the global thermoplastic prepreg market. The process offers a faster part cycle time, reduced part wastage, and reduced defects, which overall lead to a lower part cost. AFP/ATL is likely to be the fastest-growing process type during the same period, driven by increasing demand for an automated process that can layup prepreg at a faster rate than the manual layup process and generates low void content.
Based on regions, Europe is expected to remain the largest thermoplastic prepreg market during the forecast period. Airbus is one of the major consumers of thermoplastic prepregs in Europe. Major thermoplastic component manufacturers have set up their manufacturing plants in the region in order to be proximal with the Airbus assembly plants to fulfill its current and future requirements of composite parts made with thermoplastic prepregs.

Check out the Table of Contents here:

Highlights of the Report:
Thermoplastic prepreg currently accounts for less than 5% of the global prepreg market; however, it is likely to grow at a faster rate than the overall prepreg market in the coming five years, driven by the aerospace & defense and automotive industries. The global thermoplastic prepreg market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 223.2 million in 2024.
The supply chain of this market comprises raw material suppliers, thermoplastic prepreg manufacturers, distributors, thermoplastic composite component manufacturers, OEMs, and MRO companies. The key thermoplastic prepreg manufacturers include Cytec Solvay Group, Koninklijke TenCate nv, Lanxess A.G, SABIC, and Teijin Group (Toho Tenax). Some of the major end-users in the thermoplastic prepreg market include Airbus, Boeing, Gulfstream Aerospace, Dassault Aviation, Lenovo, and Hewlett-Packard (HP). The formation of long-term contracts, application development, and development of innovative products are some of the key strategies adopted by the major players in order 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 Thermoplastic 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

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.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Thermoplastic Prepreg Market likely to reach an estimated value of US$ 223.2 million in 2024, as estimated by Stratview Research here

News-ID: 1866511 • Views: 205

More Releases from Stratview Research

Floor Adhesives Market Size to Grow at a CAGR of 5.1% by 2023
Floor Adhesives Market is expected to grow at a CAGR of 5.1% during 2018-2023, according to a newly added report by Stratview Research. This represents an attractive growth opportunity in the entire ecosystem of the market. Growing global construction industry, increasing consumption of adhesives globally, increasing use of water-based adhesives over solvent-based adhesives to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and the ability of adhesives to
Harmonic Filter Market Size to Grow at a CAGR of 6.4% by 2023
Harmonic Filter Market is expected to grow at a CAGR of 6.4% during 2018-2023, according to a newly added report by Stratview Research. Increasing use of power electronics that basically operates through electronic switching, increasing levels of harmonic distortions of voltage and current waveforms in power systems, increasing usage of variable frequency drives (VFDs), rising demand from the data centers and IT industries, increasing number of metal arc furnaces worldwide,
Sprayed-in-Place Pipe (SIPP) Market Size to Grow at a CAGR of 4.4% by 2024
Sprayed-in-Place Pipe (SIPP) Market is expected to grow at a CAGR of 4.4% during 2019-2024, according to a newly added report by Stratview Research. The SIPP market is mainly driven by the spending of government and municipal corporations towards infrastructure rehabilitation. Most of the water main pipes, wastewater pipes, and storm pipes in the major countries, such as the USA, Germany, and Canada, have reached or almost reaching their retirement
Trenchless Pipe Rehabilitation Market Size to Grow at an impressive CAGR by 2025
The trenchless pipe rehabilitation market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 6.4 billion in 2025., according to a newly added report by Stratview Research. The market is mainly driven by the increase in spending of government and municipal corporations of various countries towards infrastructure rehabilitation. Furthermore, increasing awareness towards trenchless (no-dig) technologies in many nations, especially

All 5 Releases

More Releases for Thermoplastic

Global Thermoplastic Polyurethane Market-Forecasts to 2026
According to studies performed by GME on the Thermoplastic Polyurethane Market, it is expected to get an impressive growth of the market in between 2020-2026 timespan at a CAGR of 7.4%. The prime reason behind the significant growth of the market is the unique properties offered by thermoplastic polyurethane products such as fully recyclable, and biodegradable nature with zero environmental damage as compared to the existing polymers thus creating the demand
Global Thermoplastic Polyurethane Elastomers Regional Outlook 2019
The global Thermoplastic Polyurethane Elastomers market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025. This report focuses on Thermoplastic Polyurethane Elastomers volume and value at global level, regional level and company level. From a global perspective, this report represents overall Thermoplastic Polyurethane Elastomers market size by analyzing historical data and future prospect. Regionally, this
Thermoplastic Elastomers (TPE) Market Segmentation by Product Types (Styrene-bas …
Thermoplastic Elastomers (TPE) Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers, and the current and future trends. Thermoplastic Elastomers are the class of polymers which consist of thermoplastics and elastomeric properties. Thermoplastic elastomers consist of several properties such as high flexibility, slip resistance, electric
Thermoplastic Elastomers Market 2024: Key Players
Increasing preference for low weight, sustainable, bio-based alternatives for conventional raw material will impel Thermoplastic Elastomers Market size. Subject to the efficient thermoplastic and elastomeric properties and myriad other physical and chemical benefits provided by these products, they are used extensively as alternatives for metals, regular & engineered plastics, wood, and natural or synthetic rubber across the automotive, medical, electronics, construction, footwear, and industrial sectors. Thermoplastic elastomers (TPE) industry was
Thermoplastic Polyurethane Films Market Size, Share |
Latest industry research report on: Global Thermoplastic Polyurethane Films Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts TPU Films Market: Scope of the Study The report estimates and forecasts the thermoplastic polyurethane (TPU) films market on the global, regional, and country levels. The study provides forecast between 2016 and 2024 based on volume (tons) and revenue (US$ Mn) with 2015 as the base year. The report
Thermoplastic Polyurethane Films Market Growth Analysis 2024
The global thermoplastic polyurethane (TPU) films market is characterized by the presence of large and well-known players, who account for over half the market. Leading manufacturers operating in the thermoplastic polyurethane films market include BASF SE, Covestro AG, The Lubrizol Corporation, Huntsman Corporation, Tosoh Corporation, Wanhua Chemical Group Co., Ltd., Huafon Group, Shanghai Lejoin Polyurethane Industrial Co., Ltd., and Polyol Macromolecule Polymer (Fujian) Co., Ltd. Browse Market Research Report: Transparency