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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[171 Pages Report] The carbon fiber prepreg market was valued at USD 3,861.0 million, in 2015, and is projected to reach USD 7,202.2 million by 2021 at a CAGR of 11.0% between 2016 and 2021.  In this study, 2015 has been considered as the base year, while the forecast period is from 2016 to 2021.

Market Dynamics

Drivers

  • Increasing demand for lightweight materials from the automotive industry
  • Growing carbon fiber demand from the wind energy industry
  • Increasing demand for carbon fiber prepreg from Boeing and Airbus

Restraint

  • High processing and manufacturing cost
  • Issues related to recyclability

Opportunities

  • Reduction in the cost of carbon fibers
  • Development of advanced software tools for carbon fiber prepreg product development

Challenges

  • High research and development cost

Increasing demand of lightweight materials from the automotive industry

In regions like North America and Europe, stringent regulations have been imposed on the automotive industry to take steps against greenhouse gas (GHG) emissions, which have adverse effects on the global climatic conditions. In addition, lower fuel prices, job gains, easy availability of credit, and increasing consumer confidence on advanced materials like carbon fiber prepreg have encouraged the automotive industry to move towards fuel-efficient and lightweight vehicles to reduce GHG emission. Carbon fiber prepreg is seen as the best substitute for heavy metals like aluminum and steel in the automotive sector as it is lighter than traditional steel by about 50%–70%. It is observed that 10% reduction in vehicle weight increases fuel efficiency by 5%; the use of carbon fiber prepreg can result in 30% fuel efficiency as compared to steel. Apart from providing lightweight structures, carbon fiber prepreg also provides benefits such as excellent mechanical properties, low-temperature cures, and longer life.

Carbon fiber prepreg has a higher strength-to-weight ratio, which is an important factor for automobile manufacturing. Vehicles with reduced weight and higher strength have better mileage, which helps to reduce fuel cost for the owner. Initially, carbon fiber was used only in high-end vehicles where material cost and manufacturing cycle times are less critical, but in 2014 BMW launched i3, which is an electric car made up of carbon fiber prepreg for mass volume car production. These measures encourage the industry to move towards carbon fiber prepreg, which is seen as a substitute for aluminum and steel in high-end cars.

Objectives of the Study

  • To define, describe, and forecast the carbon fiber prepreg market size, in terms of value and volume
  • To identify and measure the carbon fiber prepreg market by resin type, end-user industry, manufacturing process ,and region
  • To analyze significant region-specific market trends in North America, Europe, the Asia-Pacific region, Latin America and Middle East & Africa (ME&A) and country-specific trends in the U.S., Canada, France,  Germany, the U.K., China, and South Korea. To provide detailed information regarding the major factors influencing the growth of the carbon fiber prepreg 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 agreements, acquisitions, new product launch and expansions in the carbon fiber prepreg market
  • Note1: Micromarkets are the subsegments of the carbon fiber prepreg market included in the report
  • Note2: Core competencies of companies are determined in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain in the market

In this report, market sizes have been derived from various research methodologies. In the secondary research process, different sources have been referred to, to identify and collect information for this study on the carbon fiber prepreg market. These secondary sources include annual reports, press releases, investor presentations of companies and associations (such as Composite World, Factiva, and American Composites Manufacturers Association) and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The bottom-up approach has been used to estimate the market size, in terms of value. The top-down approach has also been implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, exact values of the sizes of the overall parent market and individual markets have been determined and confirmed in this study.

The figure below illustrates the breakdown of profiles of primary interview participants.

Carbon Fiber Prepreg Market

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

The carbon fiber prepreg market includes raw material suppliers, manufacturers, and end users of carbon fiber prepreg. Cytec Solvay Group (Belgium), Royal TenCate N.V. (Netherlands), Teijin Limited (Japan), Toray Industries, INC. (Japan), Hexcel Corporation (Connecticut, U.S.), SGL Group (Germany), Gurit Holdings AG (Wattwil, Switzerland) are the leading players operating in the carbon fiber prepreg market.

Major Market Developments

  • In May 2014, Cytec Solvay Group entered into an agreement with Debotech Inc. for the supply of MTM series carbon fiber prepreg. It helped the company meet the requirement of Debotech Inc. for manufacturing of team USA’s Olympic skeleton for 2014 Winter Olympic Games in Sochi, Russia.
  • In September 2012, Hexcel Corporation doubled the capacity of its carbon prepreg manufacturing facility based in Spain. The strategy is to meet the growing demand of prepreg from the aerospace industry.
  • In June 2016, Toray Industries, Inc. entered into an agreement with Airbus Group to supply TORAYCA carbon fiber prepreg for the primary structure of the A380 aircraft. This helped the company to increase its business globally.

Key Target Audience:

  • Carbon fiber prepreg Manufacturers
  • Carbon fiber prepreg Traders, Distributors, and Suppliers
  • Raw Material Suppliers
  • Governments and Research Organizations
  • Associations and Industrial Bodies
  • R&D Institutions
  • Environment Support Agencies

Scope of the Report

The report forecasts revenue growth and provides an analysis of trends in each of the subsegments of the carbon fiber prepreg market. This research report categorizes the market based on the following:

Carbon fiber prepreg Market, By Resin type:

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

arbon fiber prepreg Market, By Application:

  • Aerospace & Defence
  • 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
  • ME&A

Each region has been further segmented into key countries in that region.

Critical questions which the report answers

  • What are the upcoming trends for carbon fiber prepreg in developing nations?
  • Which are the key players in the market and how intense is the competition?

Available Customizations:

The following customization options are available for the report:

Country Information

  • Carbon fiber prepreg market analysis for additional countries

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, 2016–2021
    4.2 Market, By Resin Type
    4.3 Market, By End-Use Industry and Region
    4.4 Market, By Manufacturing Process
    4.5 Market Share (Value), By Country
    4.6 Market Size, By Country
    4.7 Market Size, By End-Use Industry

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Market, By Resin Type
           5.2.2 Market, By Manufacturing Process
           5.2.3 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 Market Size (Value and Volume), 2014–2021
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, 2015–2021 (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, 2011–2015 (Million Units)
Table 7 Wind Energy Installation, By Region/Country, 2011–2015 (MW)
Table 8 Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 9 Market Size, By Resin Type, 2014–2021 (USD Million)
Table 10 Epoxy Resin-Based Market Size, By Region, 2014–2021 (Kiloton)
Table 11 Epoxy Resin-Based Market Size, By Region, 2014–2021 (USD Million)
Table 12 Phenolic Resin-Based Market Size, By Region, 2014–2021 (Kiloton)
Table 13 Phenolic Resin-Based Market Size, By Region, 2014–2021 (USD Million)
Table 14 BMI Resin-Based Market Size, By Region, 2014–2021 (Kiloton)
Table 15 BMI Resin-Based Market Size, By Region, 2014–2021 (USD Million)
Table 16 Cyanate Ester Resin-Based Market Size, By Region, 2014–2021 (Kiloton)
Table 17 Cyanate Ester Resin-Based Market Size, By Region, 2014–2021 (USD Million)
Table 18 Thermoplastic Resin-Based Market Size, By Region, 2014–2021 (Kiloton)
Table 19 Thermoplastic Resin-Based Market Size, By Region, 2014–2021 (USD Million)
Table 20 Other Resins-Based Market Size, By Region, 2014–2021 (Kiloton)
Table 21 Other Resins-Based Market Size, By Region, 2014–2021 (USD Million)
Table 22 Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 23 Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 24 Hot Melt Process Market Size, By Region, 2014–2021 (Kiloton)
Table 25 Hot Melt Process Market Size, By Region, 2014–2021 (USD Million)
Table 26 Solvent DIP Process Market Size, By Region, 2014–2021 (Kiloton)
Table 27 Solvent DIP Process Market Size, By Region, 2014–2021 (USD Million)
Table 28 Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 29 Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 30 Market Size in Aerospace & Defense Industry, By Region, 2014–2021 (Kiloton)
Table 31 Market Size in Aerospace & Defense Industry, By Region, 2014–2021 (USD Million)
Table 32 Market Size in Automotive Industry, By Region, 2014–2021 (Kiloton)
Table 33 Market Size in Automotive Industry, By Region, 2014–2021 (USD Million)
Table 34 Market Size in Sports & Leisure Industry, By Region, 2014–2021 (Kiloton)
Table 35 Market Size in Sports & Leisure Industry, By Region, 2014–2021 (USD Million)
Table 36 Market Size in Wind Energy Industry, By Region, 2014–2021 (Kiloton)
Table 37 Market Size in Wind Energy Industry, By Region, 2014–2021 (USD Million)
Table 38 Market Size in Other Industries, By Region, 2014–2021 (Kiloton)
Table 39 Market Size in Other Industries, By Region, 2014–2021 (USD Million)
Table 40 Market Size, By Region, 2014–2021 (Kiloton)
Table 41 Market Size, By Region, 2014–2021 (USD Million)
Table 42 North America: Market Size, By Country, 2014–2021 (Kiloton)
Table 43 North America: Market Size, By Country, 2014–2021 (USD Million)
Table 44 North America: Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 45 North America: Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 46 North America: Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 47 North America: Market Size, By Resin Type, 2014–2021 (USD Million)
Table 48 North America: Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 49 North America: Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 50 Europe: Market Size, By Country, 2014–2021 (Kiloton)
Table 51 Europe: Market Size, By Country, 2014–2021 (USD Million)
Table 52 Europe: Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 53 Europe: Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 54 Europe: Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 55 Europe: Market Size, By Resin Type, 2014–2021 (USD Million)
Table 56 Europe: Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 57 Europe: Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 58 Asia-Pacific: Market Size, By Country, 2014–2021 (Kiloton)
Table 59 Asia-Pacific: Market Size, By Country, 2014–2021 (USD Million)
Table 60 Asia-Pacific: Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 61 Asia-Pacific: Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 62 Asia-Pacific: Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 63 Asia-Pacific: Market Size, By Resin Type, 2014–2021 (USD Million)
Table 64 Asia-Pacific: Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 65 Asia-Pacific: Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 66 China: Annual Wind Installations, 2010–2015, (MW)
Table 67 Latin America: Market Size, By Country, 2014–2021 (Kiloton)
Table 68 Latin America: Market Size, By Country, 2014–2021 (USD Million)
Table 69 Latin America: Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 70 Latin America: Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 71 Latin America: Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 72 Latin America: Market Size, By Resin Type, 2014–2021 (USD Million)
Table 73 Latin America: Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 74 Latin America: Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 75 ME&A: Market Size, By Country, 2014–2021 (Kiloton)
Table 76 ME&A: Market Size, By Country, 2014–2021 (USD Million)
Table 77 ME&A: Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 78 ME&A: Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 79 ME&A: Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 80 ME&A: Market Size, By Resin Type, 2014–2021 (USD Million)
Table 81 ME&A: Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 82 ME&A: Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 83 Agreements, Contracts, Partnerships, and Joint Ventures, 2012–2016
Table 84 Expansions, 2012–2016
Table 85 New Product Launches, 2012–2016
Table 86 Acquisitions, 2012–2016


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 Market, 2016–2021
Figure 9 Hot Melt Manufacturing Process Dominated the Market
Figure 10 Aerospace & Defense Dominated the Market, By End-Use Industry
Figure 11 France to Be the Fastest-Growing Country in the Market
Figure 12 North America to Be the Fastest-Growing Market for Carbon Fiber Prepreg
Figure 13 Attractive Opportunities in the Market
Figure 14 Epoxy to Be the Fastest-Growing Type in the Market
Figure 15 North America Dominates the Market
Figure 16 Hot Melt Manufacturing Process to Dominate the Market
Figure 17 The U.S. to Account for Major Share in the Market
Figure 18 France to Witness the Highest Growth in the Market
Figure 19 Aerospace & Defense End-Use Industry to Account for the Largest Market Size
Figure 20 Factors Governing the 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, 2014–2015 (MW)
Figure 26 Epoxy Resin to Grow at A High Rate in the Carbon Fiber Prepreg Market, 2016–2021
Figure 27 North America to Drive the Epoxy Resin-Based Carbon Fiber Prepreg By Market, 2016–2021
Figure 28 North America to Drive the Phenolic Resin-Based Carbon Fiber Prepreg By Market (2016–2021)
Figure 29 North America to Drive the BMI Resin-Based Carbon Fiber Prepreg By Market (2016–2021)
Figure 30 North America to Drive the Cyanate Ester Resin-Based Carbon Fiber Prepreg By Market (2016–2021)
Figure 31 North America to Drive the Thermoplastic Resin-Based Carbon Fiber Prepreg By Market (2016-2021)
Figure 32 North America to Drive the Others Resin-Based Carbon Fiber Prepreg By 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 Industry of 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 By Market in the Sports & Leisure Industry
Figure 38 Asia-Pacific Accounts for the Major Share of the Carbon Fiber Prepreg By Market in the Wind Energy Industry
Figure 39 North America Accounts for the Major Share of the Carbon Fiber Prepreg By Market in Other End-Use Industries
Figure 40 France and U.S. to Drive the Carbon Fiber Prepreg By Market, 2016–2021
Figure 41 Carbon Fiber Prepreg By Market Snapshot: U.S. is the Most Lucrative Market in North America
Figure 42 Carbon Fiber Prepreg By Market Snapshot: Germany is the Fastest-Growing Market in Europe
Figure 43 Carbon Fiber Prepreg By Market Snapshot: China to Be the Fastest-Growing Market in Asia-Pacific
Figure 44 Brazil is the Key Carbon Fiber Prepreg By Market in Latin America (2016–2021)
Figure 45 UAE to Be the Fastest-Growing End-Use Industry for Carbon Fiber Prepreg in ME&A, (2016–2021)
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, 2012–2016
Figure 48 Growth Strategies Adopted By Market Players in the Carbon Fiber Prepreg Market, 2012–2016
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 global carbon fiber prepreg market is projected to reach USD 7,202.2 million by 2021, at a CAGR of 11.0%, during the forecast period, 2016 and 2021. The increase in the penetration of carbon fiber prepreg in the aerospace & defence, automotive, sports, and wind industries, the long life & low maintenance requirement, rapid urbanization & economic boom in the emerging countries and the development of innovative products, are key factors responsible for the growth of the carbon fiber prepreg market.

The aerospace & defense industry is projected to be the largest end-use industry of the carbon fiber prepreg market during the forecast period, in terms of both value and volume. Carbon fiber prepreg offer various features including lightweight, resistance against moisture, resistance against chemicals, resistance against corrosion, and operational stability at high temperatures in comparison to materials made of other conventional materials such as thermoset composites and metallic alloys, due to which, the usage of carbon fiber prepreg in aerospace & defence industry is witnessing a growing trend.

The global carbon fiber prepreg market is rapidly growing, in terms of value. However, a few factors act as restraints in its growth in the global carbon fiber prepreg market. The high processing and manufacturing cost, and issues related to recyclability are major restraints in the growth of the global carbon fiber prepreg market. High research and development cost of carbon fiber prepreg has been a major challenge associated with its growth. Many applications of carbon fiber prepreg have been discovered, but due to high-cost constraints, commercialization of these applications is yet to begin.

Carbon Fiber Prepreg Market

North America is expected to be the fastest-growing market for carbon fiber prepreg during the next five years. The main factor that contributed to its growth is the increasing demand from the aerospace & defence and automotive industries. Aerospace industries such as Airbus S.A. (France), Boeing (U.S), and others utilize carbon fiber prepreg in the production of commercial, combat and cargo transport aircrafts due to their lightweight, easy to construct, high tensile strength, resistance against chemicals and corrosion properties. In addition, the increasing urbanization and industrialization, coupled with long life & the low maintenance requirement is also contributing to the growth of carbon fiber prepreg for various industries in the North American region.

Carbon fiber prepreg is used in various end-use industries such as aerospace & defense, automotive, sports & leisure, wind, and others.

Aerospace & Defense

The use of carbon fiber prepregs is increasing in the aerospace end-use industry because they provide more structural strength than the metallic alloys and are also light in weight. This leads to improved fuel efficiency and performance of the aircraft. Carbon fiber prepreg is widely used in aircraft with almost 50% of the aircraft materials being carbon fiber prepregs. Prepreg reduces the weight of aircraft along with providing properties such as FST, durability, and stiffness and hence facilitates more efficient designs— structurally and aerodynamically. It is used in aircraft interior and exterior structures such as sandwich panels, floor panels, engine fan blades, fuselage, radomes, nacelle structure, tail, and so on.

Automotive

The carbon fiber prepreg market in the automotive industry is expected to grow at the highest potential in the coming years. Due to its high cost, carbon fiber prepreg is currently used only in the high-end racing cars manufactured by companies like BMW, Lamborghini, and Chevrolet. Currently, the use of carbon fiber prepreg in the automotive industry is increasing for manufacturing interior automotive components such as cockpit chassis, door panels, cosmetic carbon components, and so on. They are also used in exterior components such as the hood, tailgate, and so on. The automotive industry faces many challenges—from improving energy efficiency to reducing vehicle emissions and increasing durability. It has increasingly preferred carbon fiber prepregs to achieve improved performance, which includes high mechanical properties and low weight. Due to the stricter environmental norms, the car manufacturers are now under pressure to manufacture fuel-efficient cars with reduced carbon emissions. A number of car manufacturers along with carbon fiber producers are therefore slowly venturing into the mass production of carbon fiber-rich automotive parts.

Sports & Leisure

The use of lightweight, high performance, and durable material such as carbon fiber prepreg is a growing trend in the sports & leisure industry, globally. Carbon fiber prepregs possess some unique features, which make it suitable for use in many sporting goods such as tennis rackets, golf shafts, fishing rods, softball bats, hockey sticks, and bicycles. Normally, in sporting goods, small-tow carbon fibers (3K, 12K) with standard and higher performance grades are used. Carbon fiber prepreg has earned a huge share of the golf shaft market as it helps in achieving the design shaft precisely to tailor characteristics such as kick point. Golf and racket sports goods are the biggest consumer of carbon fiber prepregs for manufacturing of its components. It improves stiffness, provides geometry design, is lightweight, and ensures the durability of these sporting goods.

Wind

Wind energy is one of the world’s fastest-growing renewable energy sources and has recorded consistent growth of 20% over the last few years. The use of carbon fiber prepreg in the wind energy industry is growing rapidly due to increase in the length of the wind turbine blades. This will improve the economics of wind energy through lightweight blades and increased energy capture. Also, it was necessary to decrease the weight of wind turbine blades to reduce the cyclical compression exerted by them. The growing environmental concerns in countries like China and India are also expected to boost the demand for wind energy over the forecast period in the Asia-Pacific region. In Europe, the wind energy industry is growing due to the stringent environment regulations in this region.

Critical questions the report answers:

  • What are the upcoming hot bets for carbon fiber prepreg market?
  • How market dynamics is changing for different applications in different end-use industries?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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

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