Thermoset Prepreg Market is Forecasted to Reach USD 5.6 Billion in 2026, Says Stratview Research

The global Thermoset Prepreg Market is projected to witness a growth rate annually from 2021 to 2026, with an anticipated size of USD 5.6 billion in 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Thermoset 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/489/thermoset-prepreg-market.html#form

Report Highlights: `
Market Size in 2026: USD 5.6 billion
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Thermoset Prepreg Market:
The global Thermoset Prepreg Market is segmented by resin type, end-use industry type, fiber type, form type, curing type & region

Based on the resin type: Stratview Research has segmented the market as epoxy prepreg, phenolic prepreg, BMI prepreg, cyanate ester prepreg, and polyimide prepreg. Epoxy prepreg is projected to maintain its dominance in the market over the next five years. Despite experiencing a grave decline in 2020, epoxy prepreg is also likely to heal at the fastest rate during the forecast period. Components fabricated with epoxy prepreg show excellent strength, durability, and chemical resistance. Epoxy prepreg offers high performance at elevated temperatures, with hot/wet service temperatures up to 121°C.

Based on the curing type: We have segmented the market as autoclave, out of autoclave, and others. Autoclave is likely to remain the most dominant curing type during the forecast period. Most of the composite parts for the A&D industry are cured through the autoclave process. The autoclave process helps to produce composite parts with fiber volume fractions as high as 60% and void content less than 1%. Aircraft's primary structures, such as wings, fuselages, and empennage, are increasingly fabricated using composite materials with curing through the autoclave.

Based on the end-use industry type: We have classified the market as aerospace & defense, wind energy, consumer goods, marine, automotive, construction, and others. Despite a massive blow in the demand for prepreg in 2020, the aerospace & defense industry is estimated to maintain its lead in the market in the coming five years. The demand for thermoset prepreg in the aerospace & defense industry is likely to steadily pick up the pace from 2021 onwards. Thermoset prepreg has been the predominant material type in aerospace & defense composites over the eons and is preferably used in all the crucial sections of aircraft.
Reduced production rates, deferring orders, and supply chain disruptions are expected to imprint a negative impact on the market in the short-term. However, the bleakness in the industry is likely to wither away, clearing up the path for the long-term growth of the market. Strong industry fundamentals such as huge order backlogs of 12,724 (Airbus: 7,539 and Boeing: 5,185) commercial aircraft as of July 2020 are likely to give a thrust to the industry, which, in turn, will drive the thermoset prepreg market.

Other key factors that may contribute to the growth of thermoset prepregs in the aerospace & defense industry will be the increasing penetration of composite materials in the next-gen. aircraft programs; rising demand for fuel-efficient aircraft, an excellent track record of composite materials; and increasing demand for lightweight and corrosion-resistant parts.

To know the most attractive segments, click here for a free sample of the report: https://www.stratviewresearch.com/Request-Sample/489/thermoset-prepreg-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is projected to remain the largest market for thermoset prepregs 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 a large number of OEMs, tier players, distributors, and raw material suppliers.
• Most of the major thermoset prepreg manufacturers have their presence in the region in order to cater to huge demand from a wide array of industries including aerospace & defense, wind energy, marine, oil & gas, and construction.
• Furthermore, there is a total un-filled order of more than 2,691 F-35 aircraft from 12 countries out of which the USA's inventory objective is 2,456 F-35 aircraft. Lockheed Martin's F-35 uses BMI prepreg in a wide array of crucial applications such as nacelles.

Asia-Pacific is likely to depict the fastest recuperation during the forecast period, driven by China, India, and Japan. An expected increase in the penetration of composite materials including thermoset prepregs in various end-use industries is driving the growth of the region's market. A gradual shift of the aerospace manufacturing bases from North America and Europe to Asia-Pacific is another factor acting as a catalyst
for the region's market.

Thermoset Prepreg Market Drivers:
The growth of the Thermoset Prepreg Market is driven by several factors.
• Several key factors are projected to drive the growth of the thermoset prepreg market in the coming years. These include the anticipated rebound in production rates of next-generation aircraft programs (such as the A350XWB and B787), a growing preference for composite parts over traditional metallic components, development of longer and larger wind turbine blades, reduction in part cycle times, and an increasing demand for lightweight and durable parts across various industries.
• The market is gradually heading toward greater consolidation, as evidenced by a series of mergers and acquisitions in recent years. For instance, in 2015, Solvay SA acquired Cytec Industries Inc. to enhance its advanced material portfolio. Similarly, in 2018, Toray, the world's largest supplier of carbon fiber, acquired TenCate Advanced Composites Holding B.V. from Koninklijke Ten Cate B.V. Further, in 2020, Teijin acquired Renegade Materials Corp. to expand its product offerings in the aerospace industry.

Top 10 Companies in the Thermoset Prepreg Market:
Stratview Research has identified the following companies as the top market players:
• Hexcel Corporation
• Solvay S.A. (Cytec Industries)
• Toray Industries Inc.
• Kordsa Teknik Tekstil
• Gurit Holding AG
• SGL Group
• Mitsubishi Chemical Carbon Fiber and Composites Inc.
• Teijin Limited
• Park Electrochemical Corp.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Thermoset 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:
• Prepreg Market: https://www.stratviewresearch.com/1059/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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