Prepreg Market Trends, Regulations and Competitive Landscape Outlook to 2030
The global prepreg market size reached USD 6.94 Billion in 2021 and is expected to register a revenue CAGR of 10.7% during the forecast period. A substantial portion of the market revenue growth is being driven by increased demand for prepreg from a variety of end-use sectors, including aerospace & defence and the automotive sector.
Due to their low weight and high strength, composite materials like carbon fibre have supplanted metal in the construction of vehicles and aircraft. Additionally, the demand for manufacturing parts for aircraft interiors, engine blades and rotors, propellers, fin blades, seats, and tail planes (also known as a horizontal stabiliser) is greatly increased by the flexibility of casting or moulding into any shape. Another important element influencing the demand for prepreg and anticipated to promote future revenue growth of the market is lighter components’ reduced operational expenses.
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Both commercial and military aeroplanes are produced using resin kinds include phenolic, fibre, and epoxy. In the military industry, prepreg is frequently utilised in the production of reinforcement fibre for ballistic purposes. The automobile sector is seeing a sharp rise in demand for superior cosmetic grade prepreg with high-quality lamination because to the properties of prepreg, such as its lightness, strength, and capacity to be moulded into complex shapes. Prepreg is also used in the manufacturing of pressure vessels, racing equipment, pressure vessels, commercial products, and interior parts for vehicles.
Emergen Research has published a novel research report titled, “Global Prepreg Market Forecast to 2030”. The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Prepreg market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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Some major companies in the market report include Hexcel Corporation, Toray Industries, Inc., Park Aerospace Corp., Teijin Limited, Mitsubishi Chemical Carbon Fiber and Composites, Inc., SGL Carbon, Gurit, Rock West Composites, Inc., Plastic Reinforcement Fabrics Ltd., and ACP Composites, Inc.
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Highlights From the Report
In 2021, the Thermoset category represented a significantly higher revenue proportion. Thermoset is frequently used because it is simple to deal with at room temperature and allows for easy fibre penetration prior to curing. As a result, traction has been gaining momentum, which is one of the key reasons driving the thermoset segment’s sales growth.
Improved overall strength, thermal stability, moisture resistance, targeted reinforcing, and chemical resilience offered by thermoset resins allow the utilisation of the materials in a variety of applications across diverse end-use industries. Due of the simplicity with which reinforcing fibres like Kevlar, carbon fibre, and fibreglass can be impregnated, polyester resin, vinyl ester, and epoxy resins are highly sought after.
Over the course of the projected period, the hot-melt category is anticipated to experience consistent revenue growth. Because there is no need for organic solvents for solvent coating or drying, hot-melt manufacturing allows for environmentally responsible production. A further factor driving this segment’s revenue growth is the increased and quick adoption of the hot-melt process for industrial applications as a result of strict norms and regulations.
Over the projected period, the revenue for the carbon fibre segment is anticipated to grow significantly. A material with significant potential for a wide range of uses, particularly in aircraft and motorsport, carbon fibre is lightweight, affordable, and strong. Over the projection period, demand is anticipated to increase as a result of properties that improve structural integrity while using fewer resources.
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Emergen Research has segmented the global Prepreg market on the basis of resin, manufacturing process, fiber, end-use, and region:
Resin Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
Manufacturing Process Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
Fiber Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
End-Use Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
Aerospace & defense
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Technological and innovation landscape
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