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Easy Utilization of Prepreg linked to Global Prepreg Market Growth
Inkwood Research anticipates that the Global Prepreg Market is evaluated to project a CAGR of 10.41% in terms of revenue during the forecasting years of 2021-2028."Browse 69 Market Data Tables and 47 Figures spread over 248 Pages, along with an in-depth TOC on the Global Prepreg Market Forecast 2021-2028."
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The term 'prepreg' is an abbreviation for 'pre-impregnated,' indicating that the material is pre-reinforced. Prepregs are composite materials like glass fibers, graphite, and carbon impregnated with resins before curing. The advantages include corrosion resistance, swift manufacturing, specific strength, and specific stiffness.
Ease of Use drives Market Growth
The most significant advantage of prepregs is their ease of use. This is in terms of the use of manufacturing a flat panel out of carbon fiber and epoxy resin. The use of liquid resin in a closed molding or open molding process requires obtaining a fabric, the epoxy resin, and the hardener for it. However, most epoxy hardeners are hazardous. Whereas epoxy prepreg comes on a roll with a sufficient amount of both resin and hardener impregnated in the fabric. As a result, prepregs are preferred for the manufacture of fiber and epoxy resins.
Also, prepregs offer the advantage of easy handling at room temperatures, given their highly viscous nature. In addition, prepregs are cut to the desired shape for any applications, with backings peeled off to load into mold or tool before subjecting to curing. Therefore, compared to the conventional resin-fiber system, prepregs are more convenient to cut and cure.
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Fastest Revenue-Generating Manufacturing Process: Hot Melt
Hot melt is the most conventional method of prepreg manufacturing. The process includes using heat and pressure to reinforce fibers with resin for prepreg production. Fiber impregnation and the pre-lamination of a substrate paper are the two steps in the hot melt manufacturing process.
Moreover, the substrate paper is pre-coated with a filmer. Hot melt resins are applied to silicone-coated release paper. Thereafter, the coated paper is applied to the fiber for resin impregnation. This process is used for producing high-quality prepreg with an enhanced surface finish.
Dominating Region in terms of Revenue and Volume: North America
Automobile manufacturers are prioritizing weight reduction in vehicles to improve fuel efficiency and fulfill the carbon emission standards. At the same time, carbon fiber manufacturing companies are raising their investments in R&D to develop composite materials for diverse applications in the automotive industry.
The other growth drivers include the rising demand for composites and the growing use of carbon fiber prepregs in several automotive applications like the interior, exterior, chassis, and powertrain. Moreover, favorable trade and manufacturing policies offer growth opportunities.
The market has high exit barriers and fixed costs. Also, the leading companies are aiming to maintain their competitive advantage through heavy R&D investments and product innovations. Hexcel Corporation, Royal Ten Cate NV, SGL Carbon SE, Toray Industries Inc, Gurit Holding AG, etc., are among the leading market players.
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GLOBAL EPOXY RESINS MARKET
GLOBAL NANOCOATINGS MARKET
GLOBAL ELECTROACTIVE POLYMERS MARKET
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