HOME Top Market Reports Prepreg Market by Fiber Type (Carbon, Glass, and Aramid), Resin Type (Thermoset and Thermoplastic), Manufacturing Process (Hot-Melt and Solvent DIP), Application (Aerospace & Defense, Wind, Sporting good, Automotive, Electronics) - Global Forecast to 2021

Prepreg Market by Fiber Type (Carbon, Glass, and Aramid), Resin Type (Thermoset and Thermoplastic), Manufacturing Process (Hot-Melt and Solvent DIP), Application (Aerospace & Defense, Wind, Sporting good, Automotive, Electronics) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: CH 3155

 

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The prepreg market was worth USD 4.87 Billion, in 2015, and is projected to reach USD 8.64 Billion by 2021, registering a CAGR of 10.12%. Prepreg is becoming crucial in wind energy and aerospace & defense applications due stringent environmental norms, growth in number of wind capacity installations and number of plane deliveries.

In this study, years considered for estimating market size of prepreg are:

  • Historical Year – 2014
  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

2015 has been considered the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the prepreg market size, in terms of value and volume
  • To identify and measure the prepreg market by types of reinforcement, types of resin, applications, manufacturing processes, and regions
  • To analyze significant region-specific market trends in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa (ME&A) and country-specific trends in the U.S., Germany, France, the U.K., China, and India. To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and burning issues)
  • To strategically profile and analyze the key market players and their core competencies
  • To analyze recent market developments such as partnerships, joint ventures, and mergers & acquisitions of the prepreg market

Various secondary sources such as company websites, encyclopedias, directories, and databases have been used to understand and gain insights for prepreg market. Experts from top prepreg companies have been interviewed to verify and collect critical information and to assess the as to what will be the trend of the prepreg market during the forecast period. The top-down, bottom-up, and data triangulation approach has been implemented to calculate the exact values of the overall parent and individual market sizes.

Prepreg Market

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

The market of prepreg has a diversified ecosystem including the downstream stakeholders such as manufacturers, vendors, end users, and government organizations. Some of the major raw material suppliers are Royal Ten Cate N.V. (Netherland), Toray Industries, Ltd. (Japan), Teijin Ltd. (Japan), Hexcel Corporation (U.S.), and SGL group (Germany).

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

  • Boeing (U.S.)
  • Ford Motor Company (U.S.)
  • Airbus (France)
  • Mercedes Benz (Germany)
  • Bayerische Motoren Werke AG (Germany)
  • Vestas Wind Systems A/S (Denmark)
  • GE wind energy (Spain)

Scope of the Report:

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

On the Basis of Type of Fiber Reinforcement

  • Glass fiber prepreg
  • Carbon fiber prepreg
  • Aramid fiber prepreg

On the Basis of Type of Resin

  • Thermoset prepreg
  • Thermoplastic prepreg

On the Basis of Manufacturing Process

  • Hot melt
  • Solvent dip

On the Basis of Application

  • Aerospace & defense
  • Wind energy
  • Sporting goods
  • Automotive
  • Electronics
  • Others

On the Basis of Region

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

Available Customizations

Check changes. 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 prepreg market in North American, Europe, Asia-Pacific, South America, and the Middle East & Africa

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered in the Report
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 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
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Prepreg Market Size By 2021, By Value
    4.2 Prepreg Market Size and Growth, By Type of Fiber Reinforcement
    4.3 Prepreg Market Share, By Application and Regions, 2015
    4.4 Prepreg Market Growth, By Country
    4.5 Prepreg Market, By Application, 2016 vs 2021

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 Prepreg Market, By Type of Fiber Reinforcement
           5.3.2 Prepreg Market, By Manufacturing Process
           5.3.3 Prepreg Market, By Resin Type
           5.3.4 Prepreg Market, By Application
           5.3.5 Prepreg Market, By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Demand for Lightweight Materials From the Automotive Industry
                    5.4.1.2 Increasing Use of Prepreg By Boeing and Airbus
                    5.4.1.3 Growing Prepreg Demand From the Wind Industry
           5.4.2 Restraints
                    5.4.2.1 Issues Related to Recyclability
                    5.4.2.2 High Processing & Manufacturing Cost
           5.4.3 Opportunities
                    5.4.3.1 Reduction in Cost of Carbon Fibers
                    5.4.3.2 Development of Advanced Software Tools for Prepreg Product Development
           5.4.4 Challenge
                    5.4.4.1 High Research & Development Cost

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Raw Material Analysis
           6.3.1 Raw Material Analysis of Glass Fiber Prepreg
           6.3.2 Raw Material Analysis of Carbon Fiber Prepreg
           6.3.3 Raw Material Analysis of Aramid Fiber Prepreg
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Macro Economic Overview and Key Trends (Page No. - 53)
    7.1 Introduction
    7.2 Trends and Forecast of GDP
    7.3 Per Capita GDP vs Per Capita Composite Materials Demand
    7.4 Trends of Wind Industry
    7.5 Trends of Aerospace Industry
    7.6 Trends of Automotive Industry

8 Prepreg Market, By Type of Fiber Reinforcement (Page No. - 62)
    8.1 Introduction
    8.2 Carbon Fiber Prepreg
    8.3 Glass Fiber Prepreg
    8.4 Aramid Fiber Prepreg

9 Prepreg Market, By Resin Type(Page No. - 70)
    9.1 Introduction
    9.2 Thermoset Prepreg
    9.3 Thermoplastic Prepreg

10 Prepreg Market, By Manufacturing Process (Page No. - 75)
     10.1 Introduction
     10.2 Solvent Dip Process
     10.3 Hot-Melt Process

11 Prepreg Market, By Application (Page No. - 78)
     11.1 Introduction
     11.2 Aerospace & Defense
     11.3 Wind Energy
     11.4 Automotive
     11.5 Sporting Goods
     11.6 Electronics
     11.7 Others

12 Regional Analysis (Page No. - 90)
     12.1 Introduction
     12.2 North America
             12.2.1 Prepreg Market Size in North America, By Country
             12.2.2 Canada
             12.2.3 U.S.
             12.2.4 Prepreg Market Size in North America, By Type of Fiber Reinforcement
             12.2.5 Prepreg Market Size in North America, By Application
     12.3 Europe
             12.3.1 Prepreg Market Size in Europe, By Country
             12.3.2 France
             12.3.3 Germany
             12.3.4 Italy
             12.3.5 U.K.
             12.3.6 Spain
             12.3.7 Russia
             12.3.8 Austria
             12.3.9 Prepreg Market Size in Europe, By Type of Fiber Reinforcement
             12.3.10 Prepreg Market Size in Europe, By Application
     12.4 Asia-Pacific
             12.4.1 Prepreg Market Size in Asia-Pacific, By Country
             12.4.2 China
             12.4.3 India
             12.4.4 Japan
             12.4.5 South Korea
             12.4.6 Australia & New Zealand
             12.4.7 Malaysia
             12.4.8 Prepreg Market Size in Asia-Pacific, By Type of Fiber Reinforcement
             12.4.9 Prepreg Market Size in Asia-Pacific, By Application
     12.5 Latin America
             12.5.1 Prepreg Market Size in Latin America, By Country
             12.5.2 Brazil
             12.5.3 Mexico
             12.5.4 Prepreg Market Size in Latin America, By Type of Fiber Reinforecement
             12.5.5 Prepreg Market Size in Latin America, By Application
     12.6 Middle East & Africa
             12.6.1 Prepreg Market Size in the ME&A, By Country
             12.6.2 Uae
             12.6.3 South Africa
             12.6.4 Prepreg Market Size in the ME&A, By Type of Fiber Reinforcement
             12.6.5 Prepreg Market Size in the ME&A, By Application

13 Competitive Landscape (Page No. - 113)
     13.1 Introduction
     13.2 Competitive Situations and Trends
             13.2.1 Major Growth Strategies in the Prepreg Market, 2012–2016
             13.2.2 Maximum Developments in 2014
     13.3 Competitive Landscape
             13.3.1 New Product Developments
             13.3.2 Agreements & Partnerships
             13.3.3 Expansions
             13.3.4 Mergers & Acquisitions

14 Company Profiles (Page No. - 122)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     14.1 Solvay Group (Cytec Industries, Inc.)
     14.2 Hexcel Corporation
     14.3 Royal Tencate N.V.
     14.4 Teijin Limited
     14.5 Toray Industries, Inc.
     14.6 Gurit Holding Ag
     14.7 SGL Group
     14.8 Axiom Materials
     14.9 Mitsubishi Rayon Co. Ltd.
     14.10 Park Electrochemical Corp.

*Details Might Not Be Captured in Case of Unlisted Companies

15 Appendix (Page No. - 150)
     15.1 Insights From Industry Experts
     15.2 Discussion Guide
     15.3 Introducing RT: Real-Time Market Intelligence
     15.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.5 Available Customizations
     15.6 Related Reports


List of Tables (74 Tables)

Table 1 Global Prepreg Market Size, (Kiloton) & (USD Million), 2014–2021
Table 2 Europe: New Passenger Vehicles Co2 Emissions By Manufacturer and Corresponding 2015 and 2020 Targets (G/Km)
Table 3 Properties of Resins: Thermosetting vs Thermoplastic Resins
Table 4 Trends and Forecast of GDP, USD Billion (2016–2021)
Table 5 Per Capita GDP vs Per Capita Composite Materials Demand, 2015
Table 6 Wind Energy Instalation, MW (2011–2015)
Table 7 Market of New Airplanes, 2014
Table 8 Automotive Production, Million Units (2011–2015)
Table 9 Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (USD Million)
Table 10 Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (Kiloton)
Table 11 Carbon Fiber Prepreg Market Size, By Region, 2016–2021 (USD Million)
Table 12 Carbon Fiber Prepreg Market Size, By Region, 2016–2021 (Kiloton)
Table 13 Glass Fiber Prepreg Market Size, By Region, 2016–2021 (USD Million)
Table 14 Glass Fiber Prepreg Market Size, By Region, 2016–2021 (Kiloton)
Table 15 Aramid Fiber Prepreg Market Size, By Region, 2016–2021 (USD Million)
Table 16 Aramid Fiber Prepreg Market Size, By Region, 2016–2021 (Kiloton)
Table 17 Prepreg Market Size, By Type of Resin, 2016–2021 (USD Million)
Table 18 Prepreg Market Size, By Type of Resin, 2016–2021 (Kiloton)
Table 19 Thermoset Prepreg Market Size, By Region, 2016–2021 (USD Million)
Table 20 Thermoset Prepreg Market Size, By Region, 2016–2021 (Kiloton)
Table 21 Thermoplastic Prepreg Market Size, By Region, 2016–2021 (USD Million)
Table 22 Thermoplastic Prepreg Market Size, By Region, 2016–2021 (Kiloton)
Table 23 Prepreg Market Size, By Manufacturing Process, 2016–2021 (USD Million)
Table 24 Prepreg Market Size, By Manufacturing Process, 2016–2021 (Kiloton)
Table 25 Prepreg Market Size, By Application, 2016–2021 (USD Million)
Table 26 Prepreg Market Size, By Application, 2016–2021 (Kiloton)
Table 27 Prepreg Market Size in the Aerospace & Defense Application, By Region, 2016–2021 (USD Million)
Table 28 Prepreg Market Size in the Aerospace & Defense Application, By Region, 2016–2021 (Kiloton)
Table 29 Prepreg Market Size in the Wind Energy Application, By Region, 2016–2021 (USD Million)
Table 30 Prepreg Market Size in the Wind Energy Application, By Region, 2016–2021 (Kiloton)
Table 31 Prepreg Market Size in the Automotive Application, By Region, 2016–2021 (USD Million)
Table 32 Prepreg Market Size in the Automotive Application, By Region, 2016–2021 (Kiloton)
Table 33 Prepreg Market Size in the Sporting Goods Application, By Region, 2016–2021 (USD Million)
Table 34 Prepreg Market Size in the Sporting Goods Application, By Region, 2016–2021 (Kiloton)
Table 35 Prepreg Market Size in the Electronics Application, By Region, 2016–2021 (USD Million)
Table 36 Prepreg Market Size in the Electronics Application, By Region, 2016–2021 (Kiloton)
Table 37 Prepreg Market Size in Others Application, By Region, 2016–2021 (USD Million)
Table 38 Prepreg Market Size in Others Application, By Region, 2016–2021 (Kiloton)
Table 39 Prepreg Market Size, By Region, 2016–2021 (USD Million)
Table 40 Prepreg Market Size, By Region, 2016–2021 (Kiloton)
Table 41 North America: Prepreg Market Size, By Country, 2016–2021 (USD Million)
Table 42 North America: Prepreg Market Size, By Country, 2016–2021 (Kiloton)
Table 43 North America: Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (USD Million)
Table 44 North America: Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (Kiloton)
Table 45 North America: Prepreg Market Size, By Application, 2016–2021 (USD Million)
Table 46 North America: Prepreg Market Size, By Application, 2016–2021 (Kiloton)
Table 47 Europe: Prepreg Market Size, By Country, 2016–2021 (USD Million)
Table 48 Europe: Prepreg Market Size, By Type of Fiber Reinforcement, 2016-2021 (Kiloton)
Table 49 Europe: Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (USD Million)
Table 50 Europe: Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (Kiloton)
Table 51 Europe: Prepreg Market Size, By Application, 2016–2021 (USD Million)
Table 52 Europe: Prepreg Market Size, By Application, 2016–2021 (Kiloton)
Table 53 Asia-Pacific: Prepreg Market Size, By Country, 2016–2021 (USD Million)
Table 54 Asia-Pacific: Prepreg Market Size, By Country, 2016–2021 (Kiloton)
Table 55 Asia-Pacific: Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (USD Million)
Table 56 Asia-Pacific: Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021(Kiloton)
Table 57 Asia-Pacific: Prepreg Market Size, By Application, 2016–2021 (USD Million)
Table 58 Asia-Pacific: Prepreg Market Size, By Application, 2016–2021 (Kiloton)
Table 59 Latin America: Prepreg Market Size, By Country, 2016–2021 (USD Million)
Table 60 Latin America: Prepreg Market Size, By Country, 2016–2021 (Kiloton)
Table 61 Latin America: Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (USD Million)
Table 62 Latin America: Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (Kiloton)
Table 63 Latin America: Prepreg Market Size, By Application, 2016–2021 (USD Million)
Table 64 Latin America: Prepreg Market Size, By Application, 2016–2021 (Kiloton)
Table 65 ME&A: Prepreg Market Size, By Country, 2016–2021 (USD Million)
Table 66 ME&A: Prepreg Market Size, By Country, 2016–2021 (Kiloton)
Table 67 ME&A: Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (USD Million)
Table 68 ME&A: Prepreg Market Size, By Type of Fiber Reinforcement, 2016–2021 (Kiloton)
Table 69 ME&A: Prepreg Market Size, By Application, 2016–2021 (USD Million)
Table 70 ME&A: Prepreg Market Size, By Application, 2016–2021 (Kiloton)
Table 71 New Product Development, 2012-2016
Table 72 Agreements & Partnerships, 2012–2016
Table 73 Expansions, 2012–2016
Table 74 Mergers & Acquisitions, 2012–2016


List of Figures (58 Figures)

Figure 1 Prepreg Market Segmentation
Figure 2 Prepreg Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Carbon Fiber to Drive the Prepreg Market From 2016 to 2021
Figure 7 Prepreg Use is Maximum in Aerospace & Defense Application
Figure 8 Thermoplastic Prepreg Projected to Register Highest CAGR in the Prepreg Market, (2016–2021)
Figure 9 Prepreg Market Share, By Region
Figure 10 Double Digit Growth Expected in the Global Prepreg Market Between 2016 and 2021
Figure 11 Carbon Fiber Prepreg to Drive the Prepreg Market Between 2016 and 2021
Figure 12 North America Accounts for the Largest Share in the Prepreg Market
Figure 13 India and China to Be the Fastest-Growing Prepreg Markets, (2016–2021)
Figure 14 Aerospace & Defense Application to Dominate the Prepreg Market
Figure 15 Development and Commercialization of Prepreg for the Industrial Applications
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the Prepreg Market
Figure 17 Maximum Value is Added During Manufacturing
Figure 18 Glass Fiber Manufacturing Process
Figure 19 Raw Material Analysis of Carbon Fiber Prepreg
Figure 20 Raw Material Analysis of Aramid Fiber Prepreg
Figure 21 Porter’s Five Forces Analysis: Intensity of Rivalry is High Due to Presence of Key Players
Figure 22 Trends and Forecast of GDP, USD Billion (2016–2021)
Figure 23 Per Capita GDP vs Per Capita Composite Materials Demand
Figure 24 Wind Energy Installed Capacity, MW (2014–2015)
Figure 25 New Airplanes Deliveries, By Region, (2015-34)
Figure 26 Automotive Production in Key Countries, 2011 vs 2015 (Million Units)
Figure 27 Carbon Fiber Prepreg to Grow at the Highest CAGR as Compared to Other Fiber Prepregs, 2016 vs 2021
Figure 28 Asia-Pacific to Dominate the Carbon Fiber Prepreg Market During the Forecast Period
Figure 29 Asia-Pacific to Dominate the Glass Fiber Prepreg Market During the Forecast Period
Figure 30 North America to Dominate the Aramid Fiber Prepreg Market During the Forecast Period
Figure 31 Thermoset Prepreg to Dominate the Prepreg Market During the Forecast Period
Figure 32 Asia-Pacific to Dominate the Thermoplastic Prepreg Market During the Forecast Period
Figure 33 Hot-Melt Manufacturing Process to Dominate the Prepreg Market During the Forecast Period
Figure 34 Aerospace & Defense Application to Outpace Other Applications, 2016 vs 2021
Figure 35 North America to Drive the Prepreg Market in Aerospace & Defense Application
Figure 36 Asia-Pacific to Drive the Prepreg Market in the Wind Energy Application
Figure 37 Europe to Drive the Prepreg Market in the Automotive Application, 2016–2021
Figure 38 Asia-Pacific to Dominate the Prepreg Market in the Sporting Goods Application, 2016–2021
Figure 39 Asia-Pacific is Expected to Drive the Prepreg Market, 2016–2021
Figure 40 Prepreg Market Snapshot: the U.S. is the Most Lucrative Market in North America
Figure 41 Prepreg Market Snapshot: France is the Most Lucrative Market in Europe
Figure 42 Prepreg Market Snapshot: China is the Most Lucrative Market in Asia-Pacific
Figure 43 Companies Adopted New Product Developments and Agreements & Partnerships as the Key Growth Strategies Between 2011 and 2015
Figure 44 New Product Developments: Most Preferred Strategy
Figure 45 Number of Strategies Adopted By Key Players Between 2012 and 2016
Figure 46 Solvay Group: Company Snapshot
Figure 47 Solvay Group: SWOT Analysis
Figure 48 Hexcel Corporation: Company Snapshot
Figure 49 Hexcel Corporation: SWOT Analysis
Figure 50 Royal Tencate N.V.: Company Snapshot
Figure 51 Teijin Limited: Company Snapshot
Figure 52 Teijin Limited: SWOT Analysis
Figure 53 Toray Industries, Inc.: Company Snapshot
Figure 54 Toray Industries: SWOT Analysis
Figure 55 Gurit Holding Ag: Company Snapshot
Figure 56 SGL Group: Company Snapshot
Figure 57 SGL Group: SWOT Analysis
Figure 58 Park Electrochemical Corporation: Company Snapshot

The market size of prepreg is projected to reach USD 8.64 Billion by 2021, growing at a CAGR of 10.12%, between 2016 and 2021. The increasing demand for lightweight and high performance materials in the wind energy, aerospace & defense, automotive, and sporting goods applications are the key factors driving the growth of the prepreg market.

The global prepreg market is segmented into fiber reinforcement type, resin type, manufacturing process, applications, and region. The prepreg market, fiber reinforcement type is further segmented into glass fiber, carbon fiber, and aramid fiber prepregs. Carbon fiber prepreg had the largest market size in terms of value owing to growing demand from applications such as wind turbine blades, primary & secondary structures in aerospace and automotive applications, bicycle frames, tennis rackets, golf shafts, and others.

The prepreg market, by resin type is segmented into thermoset and thermoplastic. The demand for thermoplastic prepreg is expected to grow during the forecast period due to less curing time and ease of molding into various shapes. The thermoset prepreg account for larger prepreg market share owing to its high demand from aero-engine components and wind turbine blades.

The major applications included in the prepreg market include aerospace & defense, wind energy, sporting goods, automotive, electronics, and others. Aerospace & defense constituted a major portion in the prepreg market, by value. The high growth of aerospace & defense application is attributed to extensive use of prepreg in aero-engine and interior components. They have high demand because of their lightweight, durability, and anti-corrosive properties, resulting in reduced maintenance and replacement costs.

Asia-Pacific is expected to be the fastest-growing market for prepreg between 2016 and 2021. The growth in the wind energy industry, large investment by government in aerospace & defense, and new product developments by various leading players are a few factors leading to the growth of the market of prepreg in this region. China leads the market of prepreg in Asia-Pacific. Its consumption of prepreg has grown remarkably due to growth in the wind energy, sporting goods, and aerospace & defense industries.

Prepreg Market

The prepreg market size is rapidly growing, in terms of value. However, a few factors act as a tailback in its growth such as issues related to its recyclability and high cost of manufacturing.

The companies such as Royal Ten Cate N.V. (Netherland), Toray Industries, Ltd. (Japan), Teijin Ltd. (Japan), Hexcel Corporation (U.S.), SGL group (Germany), Gurit Holding AG. (Switzerland), Solvay SA Group (Belgium) are the key market players in the prepreg market. They are adopting various organic and inorganic growth strategies such as agreements & partnerships, new product developments, and expansions to enhance their share in the prepreg market.

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