North American Prepreg Market is Forecasted to Reach USD 3.3 Billion in 2028, Says Stratview Research

The global North American Prepreg Market is projected to witness a growth rate of 9.9% annually from 2023 to 2028, with an anticipated size of USD 3.3 billion in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global North American Prepreg Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3449/north-american-prepreg-market.html#form

Report Highlights: `
Market Size in 2028: USD 3.3 billion
Growth (CAGR): 9.9% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the North American Prepreg Market:
The global North American Prepreg Market is segmented by end-use industry type, resin type fiber type, form type & Region.

Based on end-use industry type: The north american prepreg market is segmented into aerospace & defense, wind energy, sporting goods, automotive, marine, civil engineering, and others. The aerospace & defense industry grabbed a major chunk of the market in 2022 and is expected to remain the growth engine of the market until 2028. Thermoset UD prepreg, especially epoxy UD prepreg, is used to fabricate primary structures, including fuselage and wings, of the next-generation aircraft, such as the B737 and A350XWB, whereas thermoplastic UD prepreg is found usage in small parts, such as clips, cleats, brackets, and profiles.

Based on resin type: The market is segmented into thermoset prepreg and thermoplastic prepreg. Thermoset prepreg captured a higher share of the market in 2022, whereas thermoplastic prepreg is likely to mark a higher growth till 2028. Thermoset prepreg, especially carbon fiber-reinforced UD prepreg, is mostly found in the aerospace industry for a wide range of applications, including primary aerostructures.
Key applications other than the aerospace industry are car body panels and monocoque; golf shafts, fishing rods, and other sporting goods; wind turbine blades; and MRI/CT scan tables. Thermoplastics offer exceptional properties such as higher toughness, high chemical resistance, easier & quicker consolidation, quick cycle time, recyclability, and unlimited shelf life. PEEK, PEKK, PAEK, PEI, and PPS are among the most used high-performance thermoplastic resins.

Based on fiber type: The market is segmented into carbon fiber prepreg, glass fiber prepreg, and aramid fiber prepreg. Carbon Fiber to remain the most attractive fiber type till 2028. It was the largest segment in 2022 and is anticipated to remain the fastest-growing segment, primarily driven by increasing demand from aerospace & defense, automotive, sporting goods, and wind energy.
Most of the major aerospace structural applications, fuselage, wings, spars, and control surfaces, are preferably manufactured using carbon fiber prepreg. Spar sections of longer wind turbine blades are also fabricated using carbon fiber prepreg. Similarly, golf shafts, hockey sticks, and fishing rods are also fabricated using carbon fiber prepreg.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3449/north-american-prepreg-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that The USA is expected to remain the largest market for prepreg in North America during the forecast period. This growth outlook is majorly attributed to the following-
• The USA is the growth engine of the region's market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators.
• Most of the prepreg suppliers have their presence in the region to address the emergent needs of OEMs.

North American Prepreg Market Drivers:
The growth of the North American Prepreg Market is driven by several factors.
• An expected rise in the production rate of key aircraft programs (B737 Max, B787, A320neo, and A350XWB)
• Expected entry of programs (B777x)
• Increasing installations of wind turbines with an increase in average blade length
• Increasing incorporation of advanced composites in automobiles and excellent growth in boats.

Top 10 Companies in the North American Prepreg Market:
Stratview Research has identified the following companies as the top market players:
• Hexcel Corporation
• Solvay S.A.
• Toray Industries, Inc.
• Celanese Corporation
• Gurit Holding AG
• Mitsubishi Chemical Carbon Fiber and Composites
• Park Electrochemical Corporation
• SABIC
• SGL Carbon SE
• Teijin Limited

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the North American Prepreg Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Thermoset Prepreg Market: https://www.stratviewresearch.com/489/thermoset-prepreg-market.html
• Thermoplastic Prepreg Market: https://www.stratviewresearch.com/371/Thermoplastic-Prepreg-Market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.