HOME Top Market Reports Carbon Fiber Prepreg Market by Resin Type (Epoxy, Phenolic, Bismaleimide, Cyanate Ester, Thermoplastic), Manufacturing Process (Hot Melt, Solvent Dip), Application (Aerospace & Defense, Automotive, Sports & Leisure, Wind) - Global Forecast to 2021

Carbon Fiber Prepreg Market by Resin Type (Epoxy, Phenolic, Bismaleimide, Cyanate Ester, Thermoplastic), Manufacturing Process (Hot Melt, Solvent Dip), Application (Aerospace & Defense, Automotive, Sports & Leisure, Wind) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: March 2017
Report Code: CH 5064

 

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The carbon fiber prepreg market was valued at USD 3.86 Billion in 2015 and is projected to reach USD 7.20 Billion by 2021, at a CAGR of 11.0% between 2016 and 2021.  Carbon fiber prepregs are becoming crucial in the aerospace & defense, automotive, and sports & leisure industries due to their lightweight and superior properties, such as low maintenance requirements and high durability offered by them. In this study, the years considered to estimate the size of the carbon fiber prepreg market are:

  • Base Year 2015
  • Estimated Year 2016
  • Projected Year 2021
  • Forecast Period 2016 to 2021

2015 has been considered as the base year for this study on the carbon fiber prepreg market. Wherever information was unavailable for the base year, the year prior it has been considered.

Objectives of the Study

  • To define, describe, and forecast the size of the carbon fiber prepreg market, in terms of value and volume
  • To identify and measure the size of the carbon fiber prepreg market by resin type, application, manufacturing process, and region
  • To analyze significant region-specific market trends in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa (ME&A) regions and country-specific trends in countries, such as the U.S., Canada, France,  Germany, the U.K., China, and South Korea
  •  To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, industry-specific challenges, and burning issues influencing the growth of the carbon fiber prepreg market
  • To strategically profile and analyze the key market players and their core competencies
  • To analyze recent market developments, such as agreements, acquisitions, new product launches, and expansions that have taken place in the carbon fiber prepreg market

Various secondary sources, which include company websites, encyclopedias, directories, and databases such as Composite World, Factiva, and the American Composites Manufacturers Association, among others, have been used to understand and gain insights into the carbon fiber prepreg market. Experts from top carbon fiber prepreg companies have been interviewed to verify and collect critical information and to assess the trends in the carbon fiber prepreg market for the forecast period, 2016 to 2021. The top-down approach, bottom-up approach, and data triangulation have been implemented to calculate exact values of the sizes of the parent as well as individual markets.

Carbon Fiber Prepreg Market

To know about the assumptions considered for the study, download the pdf brochure

The carbon fiber prepreg market has a diversified ecosystem, including downstream stakeholders, such as manufacturers, vendors, end-use industries, and government organizations. Some of the major raw material suppliers of carbon fiber prepregs are Arkema (France), Mitsubishi Plastics, Inc. (Japan), Formosa Plastics Corporation (Taiwan), SGL Group (Germany), SABIC (Saudi Arabia), Toray Carbon Fibers America, Inc. (U.S.), and Huntsman Corporation (U.S.), among others.

The value chain of carbon fiber prepregs includes resin manufacturers, such as Arkema (France), Mitsubishi Plastics, Inc. (Japan), and Huntsman Corporation (U.S.), among others. SGL Group (Germany) and Toray Carbon Fibers America, Inc. (U.S.), among others are the manufacturers of carbon fibers. The manufacturers of carbon fiber prepreg supply their products to various industries, such as aerospace & defense, automotive, and sports & leisure, among others.

This study focuses on the top investment pockets, which would help the stakeholders to understand and analyze the emerging trends in the carbon fiber prepreg market. These stakeholders include:

  • Cytec Solvay Group (Brussels, Belgium)
  • Royal TenCate N.V. (Almeo, Netherlands)
  • Teijin Limited (Osaka, Japan)
  • Toray Industries, Inc. (Tokyo, Japan)
  • Hexcel Corporation (Connecticut, U.S.)
  • SGL Group (Wiesbaden, Germany)
  • Gurit Holding AG (Wattwil, Switzerland)
  • Park Electrochemical Corporation (Melville, U.S.)
  • Mitsubishi Rayon Co., Ltd. (Japan)
  • Axiom Materials (California, U.S.)

Scope of the Report:

This research report categorizes the carbon fiber prepreg market on the basis of resin type, application, manufacturing process, and region. It forecasts revenue growth and analyzes trends in each of the submarkets till 2021.

Carbon Fiber Prepreg Market, by Resin Type

  • Epoxy
  • Phenolic
  • Bismaleimide (BMI)
  • Cyanate Ester
  • Thermoplastic
  • Others

Carbon Fiber Prepreg Market, by Application

  • Aerospace & Defense
  • Automotive
  • Sports & Leisure
  • Wind
  • Others

Carbon Fiber Prepreg Market, by Manufacturing Process 

  • Hot Melt
  • Solvent Dip

Carbon Fiber Prepreg Market, by Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the North America carbon fiber prepreg market
  • Further breakdown of the Europe carbon fiber prepreg market
  • Further breakdown of the Asia-Pacific carbon fiber prepreg market
  • Further breakdown of the Latin American carbon fiber prepreg market
  • Further breakdown of the Middle East & Africa carbon fiber prepreg market

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)
    4.1 Significant Opportunities in the Carbon Fiber Prepreg Market, in Terms of Value, 20162021
    4.2 Carbon Fiber Prepreg Market, By Resin Type
    4.3 Carbon Fiber Prepreg Market, By End-Use Industry and Region
    4.4 Carbon Fiber Prepreg Market, By Manufacturing Process
    4.5 Carbon Fiber Prepreg Market Share (Value), By Country
    4.6 Carbon Fiber Prepreg Market Size, By Country
    4.7 Carbon Fiber Prepreg Market Size, By End-Use Industry

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Carbon Fiber Prepreg Market, By Resin Type
           5.2.2 Carbon Fiber Prepreg Market, By Manufacturing Process
           5.2.3 Carbon Fiber Prepreg Market, By End-Use Industry
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for Lightweight Materials From the Automotive Industry
                    5.3.1.2 Growing Carbon Fiber Demand From the Wind Energy Industry
                    5.3.1.3 Increasing Demand for Carbon Fiber Prepreg From Boeing and Airbus
           5.3.2 Restraints
                    5.3.2.1 High Processing and Manufacturing Cost
                    5.3.2.2 Issues Related to Recyclability
           5.3.3 Opportunities
                    5.3.3.1 Reduction in the Cost of Carbon Fibers
                    5.3.3.2 Development of Advanced Software Tools for Carbon Fiber Prepreg Product Development
           5.3.4 Challenges
                    5.3.4.1 High Research and Development Cost

6 Macroeconomic Overview and Key Trends (Page No. - 48)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Per Capita GDP vs Per Capita Carbon Fiber Prepreg Demand
    6.4 Trends in the Aerospace & Defense Industry
    6.5 Trends in the Automotive Industry
    6.6 Trends in the Wind Energy Industry

7 Carbon Fiber Prepreg Market, By Resin Type (Page No. - 56)
    7.1 Introduction
    7.2 Epoxy Resin
    7.3 Phenolic Resin
    7.4 BMI Resin
    7.5 Cyanate Ester Resin
    7.6 Thermoplastic Resin
    7.7 Other Resins

8 Carbon Fiber Prepreg Market, By Manufacturing Process (Page No. - 71)
    8.1 Introduction
    8.2 Hot Melt Process
    8.3 Solvent DIP Process

9 Carbon Fiber Prepreg Market, By End-Use Industry (Page No. - 76)
    9.1 Introduction
    9.2 Aerospace & Defense
    9.3 Automotive
    9.4 Sports & Leisure
    9.5 Wind Energy
    9.6 Others

10 Carbon Fiber Prepreg Market, By Region (Page No. - 90)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
     10.3 Europe
             10.3.1 France
             10.3.2 Germany
             10.3.3 U.K.
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Austria
             10.3.7 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 South Korea
             10.4.4 Australia
             10.4.5 India
             10.4.6 Malaysia
             10.4.7 Rest of Asia-Pacific
     10.5 Latin America
             10.5.1 Brazil
             10.5.2 Mexico
             10.5.3 Rest of Latin America
     10.6 ME&A
             10.6.1 UAE
             10.6.2 South Africa
             10.6.3 Rest of ME&A

11 Competitive Landscape (Page No. - 123)
     11.1 Overview
     11.2 Competitive Situation and Trends
     11.3 Market Share Analysis
             11.3.1 Cytec Solvay Group
             11.3.2 Toray Industries
             11.3.3 Teijin Ltd.
     11.4 Recent Developments
             11.4.1 Agreements, Contracts, Partnerships, and Joint Ventures
             11.4.2 Expansions
             11.4.3 New Product Launches
             11.4.4 Acquisitions

12 Company Profiles (Page No. - 133)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Cytec Solvay Group
     12.2 Hexcel Corporation
     12.3 Royal Tencate N.V.
     12.4 Teijin Limited
     12.5 Toray Industries Inc.
     12.6 Gurit Holding AG
     12.7 SGL Group
     12.8 Axiom Materials
     12.9 Mitsubishi Rayon Co. Ltd.
     12.10 Park Electrochemical Corporation
     12.11 Other Key Players
             12.11.1 HC Composite
             12.11.2 Kineco Pvt. Ltd.
             12.11.3 Unicarbon
             12.11.4 Zyvex Technologies
             12.11.5 TCR Composites
             12.11.6 PRF Composite Materials
             12.11.7 Triple H Composites
             12.11.8 GMS Composites
             12.11.9 Dexcraft H.C.
             12.11.10 Cedar Composites

*Details Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 164)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (86 Tables)

Table 1 Carbon Fiber Prepreg Market Size (Value and Volume), 20142021
Table 2 Europe: New Passenger Vehicles Co2 Emissions By Manufacturer and Corresponding 2015 and 2020/21 Targets (G/Km)
Table 3 Trends and Forecast of GDP, 20152021 (USD Billion)
Table 4 Per Capita GDP vs Per Capita Carbon Fiber Prepreg Demand, 2015
Table 5 Number of New Airplane Deliveries, By Region, 2014
Table 6 Automotive Production, By Region/Country, 20112015 (Million Units)
Table 7 Wind Energy Installation, By Region/Country, 20112015 (MW)
Table 8 Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (Kiloton)
Table 9 Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (USD Million)
Table 10 Epoxy Resin-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (Kiloton)
Table 11 Epoxy Resin-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (USD Million)
Table 12 Phenolic Resin-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (Kiloton)
Table 13 Phenolic Resin-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (USD Million)
Table 14 BMI Resin-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (Kiloton)
Table 15 BMI Resin-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (USD Million)
Table 16 Cyanate Ester Resin-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (Kiloton)
Table 17 Cyanate Ester Resin-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (USD Million)
Table 18 Thermoplastic Resin-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (Kiloton)
Table 19 Thermoplastic Resin-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (USD Million)
Table 20 Other Resins-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (Kiloton)
Table 21 Other Resins-Based Carbon Fiber Prepreg Market Size, By Region, 20142021 (USD Million)
Table 22 Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (Kiloton)
Table 23 Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (USD Million)
Table 24 Hot Melt Process Market Size, By Region, 20142021 (Kiloton)
Table 25 Hot Melt Process Market Size, By Region, 20142021 (USD Million)
Table 26 Solvent DIP Process Market Size, By Region, 20142021 (Kiloton)
Table 27 Solvent DIP Process Market Size, By Region, 20142021 (USD Million)
Table 28 Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (Kiloton)
Table 29 Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (USD Million)
Table 30 Carbon Fiber Prepreg Market Size in Aerospace & Defense Industry, By Region, 20142021 (Kiloton)
Table 31 Carbon Fiber Prepreg Market Size in Aerospace & Defense Industry, By Region, 20142021 (USD Million)
Table 32 Carbon Fiber Prepreg Market Size in Automotive Industry, By Region, 20142021 (Kiloton)
Table 33 Carbon Fiber Prepreg Market Size in Automotive Industry, By Region, 20142021 (USD Million)
Table 34 Carbon Fiber Prepreg Market Size in Sports & Leisure Industry, By Region, 20142021 (Kiloton)
Table 35 Carbon Fiber Prepreg Market Size in Sports & Leisure Industry, By Region, 20142021 (USD Million)
Table 36 Carbon Fiber Prepreg Market Size in Wind Energy Industry, By Region, 20142021 (Kiloton)
Table 37 Carbon Fiber Prepreg Market Size in Wind Energy Industry, By Region, 20142021 (USD Million)
Table 38 Carbon Fiber Prepreg Market Size in Other Industries, By Region, 20142021 (Kiloton)
Table 39 Carbon Fiber Prepreg Market Size in Other Industries, By Region, 20142021 (USD Million)
Table 40 Carbon Fiber Prepreg Market Size, By Region, 20142021 (Kiloton)
Table 41 Carbon Fiber Prepreg Market Size, By Region, 20142021 (USD Million)
Table 42 North America: Carbon Fiber Prepreg Market Size, By Country, 20142021 (Kiloton)
Table 43 North America: Carbon Fiber Prepreg Market Size, By Country, 20142021 (USD Million)
Table 44 North America: Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (Kiloton)
Table 45 North America: Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (USD Million)
Table 46 North America: Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (Kiloton)
Table 47 North America: Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (USD Million)
Table 48 North America: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (Kiloton)
Table 49 North America: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (USD Million)
Table 50 Europe: Carbon Fiber Prepreg Market Size, By Country, 20142021 (Kiloton)
Table 51 Europe: Carbon Fiber Prepreg Market Size, By Country, 20142021 (USD Million)
Table 52 Europe: Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (Kiloton)
Table 53 Europe: Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (USD Million)
Table 54 Europe: Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (Kiloton)
Table 55 Europe: Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (USD Million)
Table 56 Europe: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (Kiloton)
Table 57 Europe: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (USD Million)
Table 58 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Country, 20142021 (Kiloton)
Table 59 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Country, 20142021 (USD Million)
Table 60 Asia-Pacific: Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (Kiloton)
Table 61 Asia-Pacific: Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (USD Million)
Table 62 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (Kiloton)
Table 63 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (USD Million)
Table 64 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (Kiloton)
Table 65 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (USD Million)
Table 66 China: Annual Wind Installations, 20102015, (MW)
Table 67 Latin America: Carbon Fiber Prepreg Market Size, By Country, 20142021 (Kiloton)
Table 68 Latin America: Carbon Fiber Prepreg Market Size, By Country, 20142021 (USD Million)
Table 69 Latin America: Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (Kiloton)
Table 70 Latin America: Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (USD Million)
Table 71 Latin America: Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (Kiloton)
Table 72 Latin America: Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (USD Million)
Table 73 Latin America: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (Kiloton)
Table 74 Latin America: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (USD Million)
Table 75 ME&A: Carbon Fiber Prepreg Market Size, By Country, 20142021 (Kiloton)
Table 76 ME&A: Carbon Fiber Prepreg Market Size, By Country, 20142021 (USD Million)
Table 77 ME&A: Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (Kiloton)
Table 78 ME&A: Carbon Fiber Prepreg Market Size, By End-Use Industry, 20142021 (USD Million)
Table 79 ME&A: Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (Kiloton)
Table 80 ME&A: Carbon Fiber Prepreg Market Size, By Resin Type, 20142021 (USD Million)
Table 81 ME&A: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (Kiloton)
Table 82 ME&A: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 20142021 (USD Million)
Table 83 Agreements, Contracts, Partnerships, and Joint Ventures, 20122016
Table 84 Expansions, 20122016
Table 85 New Product Launches, 20122016
Table 86 Acquisitions, 20122016


List of Figures (62 Figures)

Figure 1 Carbon Fiber Prepreg: Market Segmentation
Figure 2 Carbon Fiber Prepreg Market: Research Design
Figure 3 Key Industry Insights
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Epoxy Resin to Witness the Highest Growth in the Carbon Fiber Prepreg Market, 20162021
Figure 9 Hot Melt Manufacturing Process Dominated the Carbon Fiber Prepreg Market
Figure 10 Aerospace & Defense Dominated the Carbon Fiber Prepreg Market, By End-Use Industry
Figure 11 France to Be the Fastest-Growing Country in the Carbon Fiber Prepreg Market
Figure 12 North America to Be the Fastest-Growing Market for Carbon Fiber Prepreg
Figure 13 Attractive Opportunities in the Carbon Fiber Prepreg Market
Figure 14 Epoxy to Be the Fastest-Growing Type in the Carbon Fiber Prepreg Market
Figure 15 North America Dominates the Carbon Fiber Prepreg Market
Figure 16 Hot Melt Manufacturing Process to Dominate the Carbon Fiber Prepreg Market
Figure 17 The U.S. to Account for Major Share in the Carbon Fiber Prepreg Market
Figure 18 France to Witness the Highest Growth in the Carbon Fiber Prepreg Market
Figure 19 Aerospace & Defense End-Use Industry to Account for the Largest Market Size
Figure 20 Factors Governing the Carbon Fiber Prepreg Market
Figure 21 Relative GDP Growth Scenario of Key Economies
Figure 22 Per Capita GDP vs Per Capita Carbon Fiber Prepreg Demand, 2015
Figure 23 New Airplane Deliveries, By Region, 2014
Figure 24 Automotive Production in Key Countries, Million Units (2011 vs 2015)
Figure 25 Wind Energy Installed Capacity, By Region/Country, 20142015 (MW)
Figure 26 Epoxy Resin to Grow at A High Rate in the Carbon Fiber Prepreg Market, 20162021
Figure 27 North America to Drive the Epoxy Resin-Based Carbon Fiber Prepreg Market, 20162021
Figure 28 North America to Drive the Phenolic Resin-Based Carbon Fiber Prepreg Market (20162021)
Figure 29 North America to Drive the BMI Resin-Based Carbon Fiber Prepreg Market (20162021)
Figure 30 North America to Drive the Cyanate Ester Resin-Based Carbon Fiber Prepreg Market (20162021)
Figure 31 North America to Drive the Thermoplastic Resin-Based Carbon Fiber Prepreg Market (2016-2021)
Figure 32 North America to Drive the Others Resin-Based Carbon Fiber Prepreg Market
Figure 33 Hot Melt Manufacturing Process to Dominate the Carbon Fiber Prepreg Market Over the Next Five Years
Figure 34 Aerospace & Defense to Be the Largest and Automotive the Fastest-Growing End-Use Industryof the Carbon Fiber Prepreg Market
Figure 35 North America to Dominate the Carbon Fiber Prepreg Market in the Aerospace & Defense Industry
Figure 36 Europe Lead the Automotive End-Use Industry in the Carbon Fiber Prepreg Market
Figure 37 Asia-Pacific to Be the Fastest-Growing Carbon Fiber Prepreg Market in the Sports & Leisure Industry
Figure 38 Asia-Pacific Accounts for the Major Share of the Carbon Fiber Prepreg Market in the Wind Energy Industry
Figure 39 North America Accounts for the Major Share of the Carbon Fiber Prepreg Market in Other End-Use Industries
Figure 40 France and U.S. to Drive the Carbon Fiber Prepreg Market, 20162021
Figure 41 Carbon Fiber Prepreg Market Snapshot: U.S. is the Most Lucrative Market in North America
Figure 42 Carbon Fiber Prepreg Market Snapshot: Germany is the Fastest-Growing Market in Europe
Figure 43 Carbon Fiber Prepreg Market Snapshot: China to Be the Fastest-Growing Market in Asia-Pacific
Figure 44 Brazil is the Key Carbon Fiber Prepreg Market in Latin America (20162021)
Figure 45 UAE to Be the Fastest-Growing End-Use Industry for Carbon Fiber Prepreg in ME&A, (20162021)
Figure 46 Agreements, Contracts, Partnerships, & Joint Ventures is the Most Preferred Growth Strategy Adopted By Major Players Between 2012 and 2016
Figure 47 Market Development Matrix: 2014 Witnessed the Maximum Number of Developments, 20122016
Figure 48 Growth Strategies Adopted By Market Players in the Carbon Fiber Prepreg Market, 20122016
Figure 49 Cytec Solvay Group is the Largest Company in the Carbon Fiber Prepreg Market
Figure 50 Cytec Solvay Group: Company Snapshot
Figure 51 Cytec Solvay Group: SWOT Analysis
Figure 52 Hexcel Corporation: Company Snapshot
Figure 53 Hexcel Corporation: SWOT Analysis
Figure 54 Royal Tencate N.V.: Company Snapshot
Figure 55 Teijin Limited: Company Snapshot
Figure 56 Teijin Limited: SWOT Analysis
Figure 57 Toray Industries Inc.: Company Snapshot
Figure 58 Toray Industries Inc.: SWOT Analysis
Figure 59 Gurit Holding AG: Company Snapshot
Figure 60 SGL Group: Company Snapshot
Figure 61 SGL Group: SWOT Analysis
Figure 62 Park Electrochemical Corporation: Company Snapshot

The carbon fiber prepreg market is projected to reach USD 7.20 Billion by 2021, at a CAGR of 11.0% during the forecast period, 2016 to 2021. Increasing use of carbon fiber prepregs in the aerospace & defense, automotive, and sports & leisure industries is expected to fuel the growth of the carbon fiber prepreg market during the forecast period. Moreover, long life of products manufactured using carbon fiber prepregs, their low maintenance requirements, urbanization taking place across the globe, economic growth of emerging economies, and development and launch of various innovative products are the key factors expected to lead towards the growth of the carbon fiber prepreg market from 2016 to 2021.

The carbon fiber prepreg market has been segmented on the basis of resin type, application, manufacturing process, and region. On the basis of resin type, the carbon fiber prepreg market has been segmented into epoxy, phenolic, bismaleimide (BMI), cyanate ester, thermoplastic, and others. The epoxy resin type segment of the carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period, as epoxy resin-based carbon fiber prepregs offer both, increased operational stability at high temperatures and pressures as well as improved impact resistance. They are cheaper as compared to other resins.

On the basis of application, the carbon fiber prepreg market has been segmented into aerospace & defense, automotive, sports & leisure, wind, and others. The aerospace & defense segment is leading the carbon fiber prepreg market, in terms of value and volume. Carbon fiber prepregs are lightweight and offer resistance to moisture, chemicals, and corrosion. They exhibit increased operational stability at high temperatures in comparison to materials made of other conventional materials, such as thermoset composites and metallic alloys. As such, carbon fiber prepregs are being increasingly used in the aerospace & defense industry.

On the basis of manufacturing process, the carbon fiber prepreg market has segmented into hot melt and solvent dip. The hot melt manufacturing process segment is leading the carbon fiber prepreg market, in terms of value and volume. The growth of the hot melt manufacturing process segment of the market can be attributed to the ability of hot melt manufacturing process to produce both, fabric and unidirectional carbon fiber prepregs.

The North America carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. Increasing demand for carbon fiber prepregs from the aerospace & defense and automotive industries of the region is fueling the growth of the North America carbon fiber prepreg market. Aerospace companies, such as Airbus S.A. (France) and Boeing (U.S.), among others use carbon fiber prepregs to manufacture commercial, combat, and cargo transport aircraft as carbon fiber prepregs are lightweight, easy to fabricate, and possess high tensile strength. They also offer increased resistance to chemicals and corrosion. In addition, increasing urbanization and industrialization, long life of products manufactured using carbon fiber prepregs, and their low maintenance requirements are the factors contributing towards growing demand for carbon fiber prepregs from various industries of the North American region. This, in turn, is leading towards the growth of the North America carbon fiber prepreg market.

Carbon Fiber Prepreg Market

The carbon fiber prepreg market is witnessing significant growth, in terms of value. However, high processing and manufacturing costs and issues related to the recyclability of carbon fiber prepregs are the major restraints to the growth of the carbon fiber prepreg market.

Companies, such as SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Toray Industries, Inc. (Tokyo, Japan), Teijin Limited (Osaka, Japan), Royal TenCate N.V. (Almeo, Netherlands), Hexcel Corporation (Connecticut, U.S.), Cytec Solvay Group (Brussels, Belgium), Mitsubishi Rayon Co., Ltd. (Tokyo, Japan), and Axiom Materials (California, U.S.), among others are the leading players in the carbon fiber prepreg market. They have been adopting various organic and inorganic growth strategies, such as agreements, new product launches, acquisitions, and expansions to enhance their shares and strengthen their position in the carbon fiber prepreg market.

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