Prepreg Market Size Report, 2022-2027: Growth, Top Companies Share, Trends, Demand And Forecast

According to the latest report by IMARC Group, title "Prepreg Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global prepreg market reached a value of US$ 10.47 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.88 Billion by 2027, exhibiting a CAGR of 8.10% during 2022-2027.

Prepreg refers to a sturdy laminate composed of fiber sheets that are pre-impregnated with catalyzed resins. These fiber materials are manufactured through a solvent-dip or hot-melt process utilizing woven fibers and thermoset resins, including epoxy, polyamide, phenols, and thermoplastics. Prepreg fibers exhibit enhanced stability, high tensile strength, and resistance to fire, fatigue, corrosion, moisture, and chemicals. Consequently, they find widespread applications across numerous sectors, such as automotive, defense, healthcare, aerospace, electrical, etc.

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Prepreg Market Trends:

The expanding aerospace industry, along with the increasing usage of superior quality fibrous material in the production of seats, air ducts, cabin linings, plenums, etc., is primarily driving the global prepreg market. Moreover, the continuous development of innovative carbon prepreg patch that consists of epoxy matrix and unidirectional carbon fiber custom-built with self-adhesive properties that enables them to bond to metal in a one-step process, is also positively influencing the market growth.

Besides this, the rising product adoption in the automotive sector for manufacturing instrument panels, lightweight parts, ceiling materials, etc., is acting as another significant growth-inducing factor. Additionally, the growing investments in R&D activities, along with the elevating demand for reinforced fibrous sheets in the production of several sports accessories, such as bicycles, tennis rackets, fishing rods, etc., are expected to augment the prepreg market in the coming years.

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Key Market Segmentation:

The report has been segmented the market into following categories:

Breakup by Resin Type:
• Thermoset
• Thermoplastic
• Epoxy
• Others

Breakup by Fiber Type:
• Carbon
• Glass
• Aramid

Breakup by Manufacturing Process:
• Hot-Melt Process
• Solvent Dip Process

Breakup by End Use Industry:
• Aerospace and Defense
• Automotive
• Electrical and Electronics
• Wind Turbine
• Sporting Goods
• Others

Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

List of Key Companies Covered in this Market Report:

• Axiom Materials Inc. (Kordsa Incorporated)
• Composites One LLC (Synergy55 Inc.)
• Gurit Holding
• Hexcel Corporation
• Mitsubishi Chemical Corporation
• Park Aerospace Corp.
• SGL Carbon SE
• Solvay S.A.
• Sunrez Corporation
• Teijin Limited
• Toray Industries Inc.
• Ventec International Group.

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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