Carbon Fiber Prepreg Market

Carbon Fiber Prepreg Market by resin type (Epoxy, Phenolic, Thermoplastic), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace & Defense, Wind Energy, Sports & Leisure, Automotive) - Global Trends and Forecasts to 2024

Report Code: CH 5064 Feb, 2019, by marketsandmarkets.com

[160 Pages Report] The carbon fiber prepreg market is projected to grow from USD 7.0 billion in 2019 to USD 11.5 billion by 2024, at a CAGR of 10.5% between 2019 and 2024. The market is growing due to its increasing demand from aerospace & defense, automotive, and wind energy industries.

Carbon Fiber Prepreg Market

Aerospace & defense end-use industry is expected to be the largest consumer of carbon fiber prepreg globally

The major end-user industries in the carbon fiber prepreg market include aerospace & defense, automotive, sports & recreation, and wind energy. The aerospace & defense industry accounted for a major share of the market, in terms of value and volume. This is due to the increased production of aircraft by Boeing and Airbus. Boeing and Airbus have a projected demand for nearly 9,000 new wide-bodied aircraft over the next 20 years. The use of carbon fiber prepreg in narrow-body aircraft is also witnessing growth t. According to The Teal Group, aircraft production is set to grow at 5.8% annually, from an estimated market size of USD 164 billion in 2017 to USD 218 billion by 2022.

Epoxy resin to account for a major share of the carbon fiber prepreg market, in terms of value and volume during the forecast period

Epoxy resins dominate the overall carbon fiber prepreg market as they are widely applicable in aerospace & defense, automotive, sports & recreation, wind energy, and other industries. The processing cost of epoxy resins is high for various end-use applications; which makes them very expensive. However, due to their rigid inter-linking molecular structure, inert chemical composition, and resistance to UV and chemical attack, epoxy resins are very durable. Epoxy resin with carbon fiber reinforcement is primarily used in aerospace & defense and automotive industries. It also has a faster curing time compared to other thermoset resins, which makes it the preferred choice among automakers.   

Carbon Fiber Prepreg Market

Europe is expected to lead the carbon fiber prepreg market during the forecast period.

Europe is a key carbon fiber prepreg market films market. The market is growing due to the high demand for materials with excellent strength, lightweight, and chemical and corrosion resistance properties. The market in the region is driven by the presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations in the region. In 2015, BMW started using carbon fiber implants in its 7-series sedan. There are a large number of offshore wind energy installations, especially in the UK and Germany. According to the Global Wind Energy Council (GWEC), the UK added 1,680 MW of offshore wind power capacity in 2017, which is almost 39% of capacity addition in the global offshore wind capacity in 2017.

The carbon fiber prepreg market comprises major solution providers, such as 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, US), Solvay (Brussels, Belgium), Mitsubishi Rayon Co. Ltd. (Tokyo, Japan), Axiom Materials (California, US). The study includes an in-depth competitive analysis of these key players in the carbon fiber prepreg market, with their company profiles, recent developments, and key market strategies.  

Solvay is one of the prime manufacturers of carbon fiber prepreg in the European region. The company possesses extensive product portfolio pertaining to carbon fiber prepregs. It gives immense emphasis on the development of high-grade carbon fiber prepregs for usage in various end-use industries. As a part of its growth strategy, the company is highly focused on expansions and agreements. For instance, in November 2017, the company entered into an agreement with Strata (UAE), an advanced composite aerostructures manufacturing facility, for the supply of aerospace materials for the Boeing 777X aircraft.

Recent Developments

  • In May 2017, Hexcel Corporation entered into an agreement with Irkut Corporation (Russia) for the supply of HexPly carbon fiber/epoxy prepreg for the MC-21-300 new generation commercial aircraft.
  • In March 2017, Solvay launched SolvaLite 730 prepreg for high volume automotive applications. It provides sub 60 seconds cure capability, exceptional toughness, and low tack. It is storage stable at room temperature.
  • In March 2017, Toray Industries, Inc. expanded its carbon fiber capacity at its Jalisco plant in Mexico. This expansion will support the company’s strategy of meeting the growing demand for prepreg for automotive and wind energy applications.

Key Questions addressed by the report

  • Which are the major end-use industries of carbon fiber prepreg?
  • Which industry is the major consumer of carbon fiber prepreg?
  • Which region is the largest and fastest-growing market for carbon fiber prepreg?
  • What are the major resins used in manufacturing carbon fiber prepreg?
  • What are the major strategies adopted by leading market players?

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

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    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 Primary Interviews
    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
    2.5 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in Carbon Fiber Prepreg Market
    4.2 Carbon Fiber Prepreg Market, By Manufacturing Process
    4.3 Carbon Fiber Prepreg Market, By Resin Type
    4.4 Carbon Fiber Prepreg Market Size, By End-Use Industry
    4.5 Carbon Fiber Prepreg Market, By End-Use Industry and Country
    4.6 Carbon Fiber Prepreg Market, By Country

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Use of Carbon Fiber Prepreg in Electric Cars
                    5.2.1.2 Increasing Use of Atf and Afp Technologies for Manufacturing Aircraft Primary Structures
                    5.2.1.3 Demand for Larger Wind Turbines and Increasing Length of Wind Blades
                    5.2.1.4 Increasing Commercial Aircrafts Production
           5.2.2 Restraints
                    5.2.2.1 High Processing and Manufacturing Cost
                    5.2.2.2 Limitation in the Use of Carbon Fiber Prepreg in High-Temperature Aerospace Applications
           5.2.3 Opportunities
                    5.2.3.1 Reduction in Cost of Carbon Fibers
                    5.2.3.2 Development of Advanced Software Tools for Carbon Fiber Prepreg Product Development
           5.2.4 Challenges
                    5.2.4.1 High Research and Development Cost
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Rivalry

6 Macroeconomic Overview and Key Trends (Page No. - 43)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Trends in Aerospace & Defense Industry
    6.4 Trends in Automotive Industry
    6.5 Trends in Wind Energy Industry

7 Carbon Fiber Prepreg Market, By Manufacturing Process (Page No. - 48)
    7.1 Introduction
    7.2 Hot Melt Process
           7.2.1 High-Speed Production With No thermal Stress on Substrate is Aiding the Market Growth
    7.3 Solvent Dip Process
           7.3.1 Increasing Demand for High-Temperature Resistant Prepreg is Driving Solvent Dip Process

8 Carbon Fiber Prepreg Market, By Resin Type (Page No. - 53)
    8.1 Introduction
    8.2 Epoxy Resin
           8.2.1 Epoxy Resin Segment Dominates Overall Carbon Fiber Prepreg Market
    8.3 Phenolic Resin
           8.3.1 Phenolic Resin-Based Carbon Fiber Prepreg is Expected to Have High Demand From Aerospace & Defense and Automotive Industries
    8.4 Thermoplastic Resin
           8.4.1 Demand for thermoplastic Resin-Based Carbon Fiber Prepreg is Driven By Its Ability to Re-Form Parts Even After Repeated Heating and Cooling
    8.5 Bismaleimide Resin
           8.5.1 Growing Demand for High-Temperature Applications is Driving the Demand of Bmi Resin Segment
    8.6 Polyimide Resin
           8.6.1 Increasing Use of Carbon Fiber Prepreg in Extremely High-Temperature Defense and Space Applications is Likely to Boost the Demand of Polyimide Resin
    8.7 Other Resins

9 Carbon Fiber Prepreg Market, By End-Use Industry (Page No. - 66)
    9.1 Introduction
    9.2 Aerospace & Defense
           9.2.1 Boeing and Airbus Increasing Aircraft Production to Drive Demand for Carbon Fiber Prepreg
    9.3 Wind Energy
           9.3.1 Growth in Installation of Offshore Wind Energy Turbines Will Increase the Demand for Carbon Fiber Prepreg
    9.4 Sports & Recreation
           9.4.1 Lightweight and High Strength of Carbon Fiber Prepreg is Increasing Its Adoption in Sporting Goods
    9.5 Automotive
           9.5.1 Growing Use of Carbon Fiber Prepreg in Electric Cars Will Have Significant Impact on the Market
    9.6 Others

10 Carbon Fiber Prepreg Market, By Region (Page No. - 78)
     10.1 Introduction
     10.2 Europe
             10.2.1 Germany
                        10.2.1.1 Demand for Carbon Fiber Prepreg Driven By Rapidly Increasing Wind Energy Capacity Addition and Production of Lightweight Electric Cars
             10.2.2 France
                        10.2.2.1 Aerospace & Defense Industry is Expected to Drive the Carbon Fiber Prepreg Market
             10.2.3 UK
                        10.2.3.1 Presence of Large Aerospace & Defense Industry and Rising Offshore Wind Energy Installation is Driving the Market
             10.2.4 Italy
                        10.2.4.1 Increasing Consumption of Carbon Fiber Prepreg in Automotive and Construction & Infrastructure Industries is Driving the Market
             10.2.5 Spain
                        10.2.5.1 Steady Growth of Economy Along With Rising Aircraft Production is Driving the Market
             10.2.6 Austria
                        10.2.6.1 Aerospace & Defense and Automotive Industries are Expected to Drive the Carbon Fiber Prepreg Market
             10.2.7 Rest of Europe
     10.3 North America
             10.3.1 US
                        10.3.1.1 US Dominates the Carbon Fiber Prepreg Market in North America
             10.3.2 Canada
                        10.3.2.1 Aerospace & Defense and Wind Energy are the Major Consumers of Carbon Fiber Prepreg in Canada
     10.4 APAC
             10.4.1 China
                        10.4.1.1 Sports & Recreation Industry Dominates Overall Carbon Fiber Prepreg Market, in Terms of Volume
             10.4.2 Japan
                        10.4.2.1 Presence of Large Carbon Fiber Prepreg Manufacturers is Driving the Market in Japan
             10.4.3 South Korea
                        10.4.3.1 Automotive and Marine Industries are Expected to Drive the Carbon Fiber Prepreg Market
             10.4.4 Australia
                        10.4.4.1 Huge Investment Made By Government in Automotive Industry to Drive the Carbon Fiber Prepreg Market
             10.4.5 India
                        10.4.5.1 Increasing Aircraft Production and Drive Towards Clean Energy is Likely to Drive the Carbon Fiber Prepreg Market
             10.4.6 Malaysia
                        10.4.6.1 Aerospace & Defense and Rail Industries are Likely to Drive the Carbon Fiber Prepreg Market
             10.4.7 Rest of APAC
     10.5 Latin America
             10.5.1 Brazil
                        10.5.1.1 Consolidation of Embraer With Boeing to Increase Aircraft Production is Expected to Drive the Carbon Fiber Prepreg Market
             10.5.2 Mexico
                        10.5.2.1 Rising Demand of Carbon Fiber Prepreg From Automotive and Wind Energy Industries to Drive the Market
             10.5.3 Rest of Latin America
     10.6 MEA
             10.6.1 UAE
                        10.6.1.1 Stringent Regulations Regarding Fuel Economy and Emission Standards is Likely to Drive the Market
             10.6.2 South Africa
                        10.6.2.1 Growing Economy and Increasing Domestic Demand is Driving the Carbon Fiber Prepreg Market in South Africa
             10.6.3 Rest of MEA

11 Competitive Landscape (Page No. - 110)
     11.1 Overview
             11.1.1 Agreements, Contracts, Partnerships & Joint Ventures
             11.1.2 Expansions
             11.1.3 New Product Launches
             11.1.4 Mergers & Acquisitions
     11.2 Competitive Leadership Mapping (Tier 1 Companies)
             11.2.1 Dynamic Differentiators
             11.2.2 Innovators
             11.2.3 Vanguard
             11.2.4 Emerging Companies
             11.2.5 Competitive Benchmarking
                        11.2.5.1 Product Offering
                        11.2.5.2 Business Strategy
     11.3 Competitive Leadership Mapping (Tier 2 and 3 Companies)
             11.3.1 Dynamics Differentiators
             11.3.2 Innovators
             11.3.3 Vanguard
             11.3.4 Emerging Companies
             11.3.5 Competitive Benchmarking
                        11.3.5.1 Product Offering
                        11.3.5.2 Business Strategy

12 Company Profiles (Page No. - 123)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     12.1 Mitsubishi Rayon Co. Ltd.
     12.2 Solvay
     12.3 Teijin Limited
     12.4 Toray Industries Inc.
     12.5 Hexcel Corporation
     12.6 Gurit Holding Ag
     12.7 Royal Tencate N.V.
     12.8 SGL Group
     12.9 Park Electrochemical Corporation
     12.10 Axiom Materials
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 
     12.11 Other Key Players
             12.11.1 Hc Composite
             12.11.2 Kineco
             12.11.3 Taiwan First Li-Bond Co., Ltd.
             12.11.4 North Thin Ply Technology
             12.11.5 TCR Composites
             12.11.6 PRF Composite Materials
             12.11.7 Barrday Corporation
             12.11.8 GMS Composites
             12.11.9 Hankuk Carbon
             12.11.10 ABC Composites

13 Appendix (Page No. - 155)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (84 Tables)

Table 1 Carbon Fiber Prepreg Market Size, 2017–2024
Table 2 Europe: New Passenger Vehicles Co2 Emissions, By Manufacturer (2016 and 2020/21 Targets (G/Km)
Table 3 Trends and Forecast of GDP, 2017–2023 (USD Billion)
Table 4 Number of New Airplane Deliveries, By Region
Table 5 Automotive Production, Million Units (2013–2017)
Table 6 Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2017–2024 (Kiloton)
Table 7 Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2017–2024 (USD Million)
Table 8 Hot Melt Process Market Size, By Region, 2017–2024 (Kiloton)
Table 9 Hot Melt Process Market Size, By Region, 2017–2024 (USD Million)
Table 10 Solvent Dip Process Market Size, By Region, 2017–2024 (Kiloton)
Table 11 Solvent Dip Process Market Size, By Region, 2017–2024 (USD Million)
Table 12 Carbon Fiber Prepreg Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 13 Carbon Fiber Prepreg Market Size, By Resin Type, 2017–2024 (USD Million)
Table 14 Epoxy Resin Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (Kiloton)
Table 15 Epoxy Resin Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (USD Million)
Table 16 Phenolic Resin Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (Kiloton)
Table 17 Phenolic Resin Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (USD Million)
Table 18 Thermoplastic Resin Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (Kiloton)
Table 19 Thermoplastic Resin Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (USD Million)
Table 20 Bmi Resin Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (Kiloton)
Table 21 Bmi Resin Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (USD Million)
Table 22 Polyimide Resin Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (Kiloton)
Table 23 Polyimide Resin Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (USD Million)
Table 24 Other Resins Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (Kiloton)
Table 25 Other Resins Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (USD Million)
Table 26 Carbon Fiber Prepreg Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 27 Carbon Fiber Prepreg Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 28 Carbon Fiber Prepreg Market Size in Aerospace & Defense, By Region, 2017–2024 (Kiloton)
Table 29 Carbon Fiber Prepreg Market Size in Aerospace & Defense, By Region, 2017–2024 (USD Million)
Table 30 Carbon Fiber Prepreg Market Size in Wind Energy, By Region, 2017–2024 (Kiloton)
Table 31 Carbon Fiber Prepreg Market Size in Wind Energy, By Region, 2017–2024 (USD Million)
Table 32 Carbon Fiber Prepreg Market Size in Sports & Recreation, By Region, 2017–2024 (Kiloton)
Table 33 Carbon Fiber Prepreg Market Size in Sports & Recreation, By Region, 2017–2024 (USD Million)
Table 34 Carbon Fiber Prepreg Market Size in Automotive, By Region, 2017–2024 (Kiloton)
Table 35 Carbon Fiber Prepreg Market Size in Automotive, By Region, 2017–2024 (USD Million)
Table 36 Carbon Fiber Prepreg Market Size in Other Industries, By Region, 2017–2024 (Kiloton)
Table 37 Carbon Fiber Prepreg Market Size in Other Industries, By Region, 2017–2024 (USD Million)
Table 38 Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (Kiloton)
Table 39 Carbon Fiber Prepreg Market Size, By Region, 2017–2024 (USD Million)
Table 40 Europe: By Market Size, By Country, 2017–2024 (Kiloton)
Table 41 Europe: By Market Size, By Country, 2017–2024 (USD Million)
Table 42 Europe: By Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 43 Europe: By Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 44 Europe: By Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 45 Europe: By Market Size, By Resin Type, 2017–2024 (USD Million)
Table 46 Europe: By Market Size, By Manufacturing Process, 2017–2024 (Kiloton)
Table 47 Europe: By Market Size, By Manufacturing Process, 2017–2024 (USD Million)
Table 48 North America: By Market Size, By Country, 2017–2024 (Kiloton)
Table 49 North America: By Market Size, By Country, 2017–2024 (USD Million)
Table 50 North America: By Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 51 North America: By Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 52 North America: By Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 53 North America: By Market Size, By Resin Type, 2017–2024 (USD Million)
Table 54 North America: By Market Size, By Manufacturing Process, 2017–2024 (Kiloton)
Table 55 North America: By Market Size, By Manufacturing Process, 2017–2024 (USD Million)
Table 56 APAC: By Market Size, By Country, 2017–2024 (Kiloton)
Table 57 APAC: By Market Size, By Country, 2017–2024 (USD Million)
Table 58 APAC: By Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 59 APAC: By Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 60 APAC: By Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 61 APAC: By Market Size, By Resin Type, 2017–2024 (USD Million)
Table 62 APAC: By Market Size, By Manufacturing Process, 2017–2024 (Kiloton)
Table 63 APAC: By Market Size, By Manufacturing Process, 2017–2024 (USD Million)
Table 64 China: Annual Wind Energy CAPACity Installations, 2012–2017, (Mw)
Table 65 Latin America: By Market Size, By Country, 2017–2024 (Kiloton)
Table 66 Latin America: By Market Size, By Country, 2017-2024 (USD Million)
Table 67 Latin America: By Market Size, By End-Use Industry, 2017–2024 (Kiloton)
Table 68 Latin America: By Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 69 Latin America: By Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 70 Latin America: By Market Size, By Resin Type, 2017–2024 (USD Million)
Table 71 Latin America: By Market Size, By Manufacturing Process, 2017–2024 (Kiloton)
Table 72 Latin America: By Market Size, By Manufacturing Process, 2017–2024 (USD Million)
Table 73 MEA: By Market Size, By Country, 2017–2024 (Kiloton)
Table 74 MEA: By Market Size, By Country, 2017–2024 (USD Million)
Table 75 MEA: By Market Size, By End-Use Industry,2017–2024 (Kiloton)
Table 76 MEA: By Market Size, By End-Use Industry, 2017–2024 (USD Million)
Table 77 MEA: By Market Size, By Resin Type, 2017–2024 (Kiloton)
Table 78 MEA: By Market Size, By Resin Type, 2017–2024 (USD Million)
Table 79 MEA: By Market Size, By Manufacturing Process, 2017–2024 (Kiloton)
Table 80 MEA: By Market Size, By Manufacturing Process, 2017–2024 (USD Million)
Table 81 Agreements, Contracts, Partnerships & Joint Ventures, 2014–2018
Table 82 Expansions, 2014–2018
Table 83 New Product Launches, 2014–2018
Table 84 Mergers & Acquisitions, 2014–2018


List of Figures (57 Figures)

Figure 1 Carbon Fiber Prepreg: Market Segmentation
Figure 2 Carbon Fiber Prepreg Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Hot Melt Segment to Dominate Overall Market Between 2019 and 2024
Figure 7 Aerospace & Defense Dominated Overall Carbon Fiber Prepreg Market
Figure 8 Epoxy Resin to Be Fastest-Growing Segment in Overall Carbon Fiber Prepreg Market
Figure 9 Europe to Be Fastest-Growing Market for Carbon Fiber Prepreg
Figure 10 High Demand From Aerospace & Defense and Automotive Industries to Drive the Market
Figure 11 Hot Melt Manufacturing Process Segment to Dominate Overall Carbon Fiber Prepreg Market
Figure 12 Epoxy to Be Fastest Growing Carbon Fiber Prepreg Segment
Figure 13 Aerospace & Defense to Be Largest End-Use Industry
Figure 14 Germany to Dominate Carbon Fiber Prepreg Market in Europe
Figure 15 Germany to Register Highest Cagr in Carbon Fiber Prepreg Market
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the Carbon Fiber Prepreg Market
Figure 17 Porter’s Five Forces Analysis: Carbon Fiber Prepreg Market
Figure 18 Trends and Forecast of GDP, 2017–2023 (USD Billion)
Figure 19 New Airplane Deliveries, By Region, 2018–2037
Figure 20 Automotive Production in Key Countries, Million Units (2016 vs. 2017)
Figure 21 Wind Energy Installed CAPACity, Mw (2016–2017)
Figure 22 Hot Melt Manufacturing Process to Dominate Overall Carbon Fiber Prepreg Market
Figure 23 Epoxy Resin Segment to Witness Highest Cagr During Forecast Period
Figure 24 North America to Drive the Epoxy Resin-Based Carbon Fiber Prepreg Market
Figure 25 North America to Drive the Phenolic Resin-Based Carbon Fiber Prepreg Market
Figure 26 Europe to Drive the thermoplastic Resin-Based Carbon Fiber Prepreg Market
Figure 27 North America to Drive the Market for the Bmi Resin Segment
Figure 28 North America to Drive the Market for Polyimide Resin Segment
Figure 29 North America to Drive the Market for the Other Resins Segment
Figure 30 Aerospace & Defense to Be Largest End User of Carbon Fiber Prepreg Market
Figure 31 North America Dominated Carbon Fiber Prepreg Market in Aerospace & Defense Industry
Figure 32 Europe Accounts for Major Share Carbon Fiber Prepreg Market in Wind Energy
Figure 33 APAC is Fastest-Growing Market for Carbon Fiber Prepreg Sports & Recreation Industry
Figure 34 Europe Leads Carbon Fiber Prepreg Market in Automotive Industry
Figure 35 Europe to Drive Carbon Fiber Prepreg Market (2019–2024)
Figure 36 Carbon Fiber Prepreg Market Snapshot: Germany is Fastest-Growing Market in Europe
Figure 37 Carbon Fiber Prepreg Market Snapshot: Us is Most Lucrative Market in North America
Figure 38 Carbon Fiber Prepreg Market Snapshot: China is the Biggest Market in APAC
Figure 39 Carbon Fiber Prepreg Market Snapshot: Brazil is the Biggest Market in Latin America
Figure 40 Carbon Fiber Prepreg Market Snapshot: Wind Energy Projected to Be Fastest-Growing End-Use IndustMEA105
Figure 41 New Product Launch and Expansion are the Most Preferred Growth Strategies Adopted By Major BAnd 2018110
Figure 42 Dive Chart
Figure 43 Dive Chart
Figure 44 Mitsubishi Rayon Co. Ltd.: Company Snapshot
Figure 45 Solvay: Company Snapshot
Figure 46 Cytec Solvay Group: SWOT Analysis
Figure 47 Teijin Limited: Company Snapshot
Figure 48 Teijin Limited: SWOT Analysis
Figure 49 Toray Industries Inc.: Company Snapshot
Figure 50 Toray Industries Inc.: SWOT Analysis
Figure 51 Hexcel Corporation: Company Snapshot
Figure 52 Hexcel Corporation: SWOT Analysis
Figure 53 Gurit Holding Ag: Company Snapshot
Figure 54 Royal Tencate N.V.: Company Snapshot
Figure 55 SGL Group: Company Snapshot
Figure 56 SGL Group: SWOT Analysis
Figure 57 Park Electrochemical Corporation: Company Snapshot

The study involved four major activities to estimate the current market size for carbon fiber prepreg market. Exhaustive secondary research was done to collect information on the market, the peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of market segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva were referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The carbon fiber prepreg market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of various industries such as aerospace & defense, wind energy, sports & recreation, automotive, and other industries. The supply side is characterized by advancements in technology and diverse applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Carbon Fiber Prepreg Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total carbon fiber prepreg market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides in the aerospace & defense, wind energy, sports & recreation, automotive, and other industries.

Report Objectives

  • To define, describe, and forecast the market size of carbon fiber prepreg market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the market on the basis of resin type, manufacturing process, and end-use industry
  • To define, describe, and forecast the market on the basis of five regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile the key players and comprehensively analyze their market share and core competencies

Scope Of The Report

Report Metric

Details

Years considered for the study

2017–2024

Base year

2018

Forecast period

2019–2024

Units considered

Value (USD Million), Volume (Kiloton)

Segments

Resin, Manufacturing Process, End-use Industry, and Region

Regions

North America, Europe, APAC, the Middle East & Africa (MEA), and Latin America

Companies

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

This research report categorizes the carbon fiber prepreg market based on resin type, manufacturing process, end-use industry, and region.

On the basis of Manufacturing process, the carbon fiber prepreg market has been segmented as follows:

  • Hot Melt
  • Solvent Dip

On the basis of Resin Type, the carbon fiber prepreg market has been segmented as follows:

  • Epoxy
  • Phenolic
  • Thermoplastic
  • Bismaleimide (BMI)
  • Polyimide
  • Others (Cyanate Ester, Vinyl Ester, Polyester, and Benzoxazine)

On the basis of End-use Industry, the carbon fiber prepreg market has been segmented as follows:

  • Aerospace & Defense
  • Wind Energy
  • Sports & Recreation
  • Automotive
  • Others (marine, medical, electrical & electronics, construction & infrastructure, and industrial)

On the basis of Region, the carbon fiber prepreg market has been segmented as follows:

  • Europe
  • North America
  • APAC
  • Middle East & Africa (MEA)
  • Latin America

Available Customizations

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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 Rest of Europe carbon fiber prepreg market
  • Further breakdown of Rest of APAC carbon fiber prepreg market
  • Further breakdown of Rest of Latin America carbon fiber prepreg market
  • Further breakdown of Rest of MEA carbon fiber prepreg market

Company Information

  • Detailed analysis and profiling of additional market players (up to ten)
Report Code
CH 5064
Published ON
Feb, 2019
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