Prepreg Market

Prepreg Market worth 8.64 Billion USD by 2021

The report "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", The prepreg market size is projected to reach USD 8.64 Billion by 2021, growing at a CAGR of 10.12%, between 2016 and 2021.

Buy Now     Request Sample     View TOC    download pdf

Browse 74 market data Tables and 58 Figures spread through 157 Pages and in-depth TOC on "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"
Early buyers will receive 10% customization on reports.

The demand for lightweight and high-performance prepreg is propelled by the growth in aerospace & defense, wind energy, and sporting goods industries. This demand is further driven by regulatory norms emphasizing on the use of lightweight and fuel efficient materials.

Carbon fiber prepreg comprises a major share in the prepreg market in terms of value

Carbon fiber prepreg has the highest market share in the prepreg market due to its large demand from the aerospace & defense, wind energy, and sporting goods applications. Carbon fiber prepreg is used in the primary and secondary structures of aircraft interiors, wind turbine blades, bicycle frames, golf shafts, tennis rackets, and others. They provide better thermal resistance, anti-corrosive properties, high tensile strength, reduced weight, and ease of molding into various shapes. These properties have boosted the carbon fiber prepreg market.

Wind industry is the largest application market for prepreg in terms of volume

The global number of wind capacity installations has increased significantly in 2015. Owing to this, the demand for prepreg for making wind turbine blades is increasing. This is because, prepregs are lightweight and consume less energy. Furthermore, the use of carbon fiber prepreg in wind turbines enables longer, more efficient blade designs, and optimizes stiffness-to-weight ratio in longer blades. These benefits of prepreg are boosting its growth in the wind energy applications.

Asia-pacific accounts for a major share of the prepreg market

Asia-Pacific accounts for the largest market of prepreg, globally, due to its high demand from the wind energy, sporting goods, electronics and aerospace & defense applications accompanied by regulatory norms requiring the use of ecofriendly materials. Along with the existing capacities, several prepreg manufacturers are signing agreements with aircraft manufacturers to cater the increasing demand from aerospace & defense applications. For instance, Toray Industries, Inc. (Japan) signed an agreement with Airbus Group S.E (France) to supply TORAYCA carbon fiber prepreg for the primary structure of the A380 aircraft. The demand for prepreg in Asia-Pacific is projected to continuously increase in the near future on account of significant performance, less pollution, and advent of new manufacturing techniques, which would increase the production volumes and decrease the cost of prepreg.

Some of the key global players prevailing in the prepreg market are Royal Ten Cate N.V. (Netherland), Toray Industries, Ltd. (Japan), Teijin Ltd. (Japan), Hexcel Corporation (U.S.), SGL group (Germany), and others. These players have adopted various organic and inorganic developmental strategies in the past five years.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&Ms flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India

Report Code
CH 3155
Published ON
Aug, 2016
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Prepreg Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
© MarketsandMarkets Research Private Ltd. All rights reserved