Prepreg Market Trends, Technology, Growth, Forecast 2030

June 15, 2022
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The global prepreg market size reached USD 6.94 Billion in 2021 and is expected to register a revenue CAGR of 10.7% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for prepreg from various end-use industries, especially from aerospace & defense, coupled with rising demand from the automotive industry is a key factor driving market revenue growth to a significant extent.

Composite materials such as carbon fiber have replaced metal in the production of aircraft and automobiles owing to light weight and high strength. Moreover, flexibility for casting or molding into any shape highly increases demand for manufacturing of components for aircraft interiors, engine blades and rotors, propellers, fin blades, seats, and tail planes – also known as a horizontal stabilizer – among others. Lighter components also decrease operational costs, which is another key factors driving demand for prepreg and is expected to support revenue growth of the market going ahead.

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Resin types such as phenolic, fiber, and epoxy are utilized for both military and commercial plane and aircraft production. Prepreg is widely used in the manufacturing of reinforcement fiber for ballistic applications in the defense sector. Properties of prepreg such as lightness, strength, and ability to be molded into complex shapes are resulting in rapid increase in demand for better cosmetic grade prepreg with high-quality lamination in the automotive industry.

The latest market intelligence report, titled ‘Global Prepreg Market’, is intended to provide the target audience with the necessary information about the global Prepreg Market industry. The report comprises a detailed analysis of the vital elements of the Prepreg Market, including key drivers, constraints, opportunities, limitations, threats, and micro-and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Prepreg Market dynamic that helps market analysts estimate the global market growth rate over the projected timeline. 

Key players involved in the market such as Hexcel Corporation, Toray Industries, Inc., Park Aerospace Corp., Teijin Limited, Mitsubishi Chemical Carbon Fiber and Composites, Inc., SGL Carbon, Gurit, Rock West Composites, Inc., Plastic Reinforcement Fabrics Ltd., and ACP Composites, Inc.

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The global Prepreg market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Prepreg market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Prepreg market.

Emergen Research has segmented the global Prepreg market on the basis of resin, manufacturing process, fiber, end-use, and region:

Resin Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)

Thermoset

Thermoplastic

Manufacturing Process Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)

Hot-melt

Solvent dip

Fiber Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)

Glass

Carbon

Aramid

Others

End-Use Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)

Aerospace & defense

Automotive

Wind energy

Sporting goods

Others

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Key Highlights From the Report

Thermoset segment accounted for a comparatively larger revenue share in 2021. Thermoset is widely preferred as it is easy to work with at room temperature and fibers easily permeate before curing. As a result, traction has been increasing and this is one of the primary factors that is boosting revenue growth of the thermoset segment.

Thermoset resins provide improved overall strength, thermal stability, moisture resistance, targeted reinforcement, in addition to chemical resilience, which enables use of the materials in various applications in different end-use industries. Polyester resin, vinyl ester, and epoxy resins are in high demand owing to easy impregnation of reinforcing fibers such as Kevlar, carbon fiber, and fiberglass, among others.

Hot-melt segment is expected to register a steady revenue growth rate over the forecast period. Hot-melt process enables environmental-friendly production owing to no requirement of organic solvents for solvent coating and drying.

Regional Analysis:

This section of the report offers valuable insights into the geographical segmentation of the Prepreg market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.

The report classifies the global Prepreg market into various regions, including:

North America (U.S., Canada)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

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Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Prepreg market?

What are the key product types and applications of the Prepreg industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the Prepreg market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Prepreg Market by 2030?

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Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.

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