Covid-19 Impact on Thermoplastic Prepreg Market: Updated Study Offering Insights & Analysis up to 2026

Stratview Research has announced a new report on the Thermoplastic Prepreg Market. According to the report, the market is likely to make a healthy rebound, reaching a value of US$ 170.2 Million by 2026. 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 an expected recovery in the aerospace & defense and automotive industries.

Market Segmentation
The Thermoplastic Prepreg Market is segmented by End-Use Industry (Aerospace & Defense, Automotive, Consumer Goods, and Others), by Resin Type (PPS, PEEK, PEI, and Others), by Fiber Type (Carbon Fiber Prepreg and Glass Fiber Prepreg), by Product Form Type (UD Prepreg and Fabric Prepreg), by Process Type (Compression Molding, Injection Molding, AFP/ATL, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the report, the Market is segmented based on the end-use industry as aerospace & defense, consumer goods, automotive, and others. Despite suffering a grave impact of the pandemic in 2020, aerospace & defense is projected to remain the most dominant segment of the market during the forecast period. Gradually rebounding the 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 long-term. Clips and cleats used in the fuselage are the major applications of thermoplastic prepregs in these aircraft programs.

Based on the resin type, we have segmented the market as PPS, PEEK, PEI, and others. PPS resin is likely to maintain its unquestionable lead in the market, along with the fastest recovery in the post-pandemic scenario. PPS resin has good dimensional stability even at elevated temperatures and in the harsh chemical environment coupled with the advantage of the ease of molding complex parts with a tight tolerance making them the preferred material for 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 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 manufacturing process type, we have classified the market as compression molding, injection molding, AFP (Automated Fiber Placement)/ATL (Automated Tape Layup), and others. Compression molding is expected to maintain its supremacy in the market. The process offers a faster part cycle time, reduced part wastage, and reduced defects, which overall leads to a lower part cost. On the other hand, AFP/ATL is likely to grow at the quickest pace during the same period, driven by increasing demand for an automated process that can lay the prepreg at a faster rate than the manual layup process and generates low void content.

In terms of regions, Europe is expected to maintain its unassailable dominance in the market, also recovering at the fastest rate 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 remain proximal with the Airbus assembly plants to fulfill its current and future requirements of composite parts made with thermoplastic prepregs. North America to suffer the most severe jolt due to the pandemic, subsequently marking the fast rally. The major OEMs, Boeing and Gulfstream Aerospace, are likely to drive the demand for thermoplastic composite parts in the region in the long run.

How stakeholders can benefit from this report –
This report covers a thorough analysis of the following segments:
- Thermoplastic Prepreg Market Dynamics.
- Market Size and forecast from 2021 till 2026.
- Supply & Demand Value Chain.
- Thermoplastic Prepreg Market Current Trends/Issues/Challenges.
- Competition & Companies involved.
- Effecting Technology.
- Thermoplastic Prepreg Market Drivers and Restraints.

Research Methodology
The report provides a thorough analysis that reflects today’s Thermoplastic Prepreg Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.
Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players
The following are the key players in the Thermoplastic Prepreg Market.
• Solvay S.A.
• Toray Industries, Inc.
• Lanxess A.G
• SABIC
• Teijin Group.

Read More: https://www.stratviewresearch.com/371/Thermoplastic-Prepreg-Market.html

Report Customization Options
With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:
- Company Profiling -Detailed profiling of additional market players (up to three players)
- Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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This release was published on openPR.