Thermoplastic Prepreg Market is Forecasted to Reach US$ 170.2 Million in 2026, Says Stratview Research

The global thermoplastic prepreg market is projected to witness a growth rate of 8.4% annually from 2021 to 2026, with an anticipated size of US$ 170.2 million by 2026, according to an analysis by Stratview Research.

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

Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/371/Thermoplastic-Prepreg-Market.html#form

Market Statistics:
Market Size in 2020: US$ 115.6 million
Market Size in 2026: US$ 170.2 million
Growth (CAGR): 8.4% during 2021-2026
Leading End-Use Industry Type: Aerospace & Defense
Leading Resin Type: PPS Resin
Leading Fiber Type: Carbon Fiber
Leading Manufacturing Process Type: Compression Molding
Leading Region: Europe
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 Thermoplastic Prepreg Market:

The global thermoplastic prepreg market is segmented based on end-use industry type, resin type, fiber type, manufacturing process type, product form type, and region.

Based on end-use industry type - The thermoplastic prepreg market is segmented based on the end-use industries such 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 resin type - The market segmented on 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 fiber type - The thermoplastic prepreg market is segmented as carbon fiber prepreg and glass fiber prepreg. 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 aircraft, such as clips and cleats, are fabricated with carbon fiber-based thermoplastic prepreg.

Based on 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 generate low void content.

To know the most attractive segments, click here for a free sample of the report:
https://stratviewresearch.com/Request-Sample/371/Thermoplastic-Prepreg-Market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Europe is expected to maintain its unassailable dominance in the market, also recovering at the fastest rate during the forecast period. This growth outlook is majorly attributed to the following-
· 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 suffered the most severe jolt due to the pandemic, subsequently marking a 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.

Thermoplastic Prepreg Market Drivers:

Some of the key drivers listed in the report are given below.
• Expected recuperation in the production rates of commercial and regional aircraft, such as thermoplastic composite-rich next-generation aircraft, B787, and A350XWB.
• Rising demand for lightweight, recyclable parts.
• Reduced part cycle time is coupled with the lower processing cost of thermoplastic composite parts as compared to thermoset composite parts.
• Stringent regulations regarding fuel efficiency and carbon emissions in the aerospace and automotive industries.

Top Companies in the Thermoplastic Prepreg Market:

Stratview Research has identified the following companies as the top market players:
• Solvay S.A.
• Toray Industries, Inc.
• Lanxess A.G
• SABIC
• Teijin Group.

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the 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?

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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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