Global Carbon Fiber Prepreg Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
“Global Carbon Fiber Prepreg Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global carbon fiber prepreg market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global carbon fiber prepreg market report has been segmented on the basis of resin type, manufacturing process, application, and region.
Carbon fiber prepreg is a carbon fiber fabric reinforcement that has been pre-impregnated with a resin system. It is widely used for making carbon composite products in various end use industries such as aerospace and defense, automotive and sports. Carbon fiber prepreg has various advantages over conventional fibers such as uniformity and repeatability, lightweight in nature, easy manufacturing, high tensile strength, less waste, and corrosion resistance.
Rising demand for lightweight and durable materials from various end use applications such as automotive industry and aerospace & defense, etc., is a key factor expected to drive growth of the global carbon fiber prepreg market over the forecast period. In addition, increasing demand for carbon fiber from wind power industry, owing to the production of lightweight blades for wind turbines, is another factor anticipated to propel growth of the target market over the forecast period. Moreover, rising demand for lightweight materials for the manufacturing of sports equipment, and stringent rules and regulations pertaining to carbon emission from vehicles are other factors expected to fuel growth of the target market over the forecast period.
However, high processing and manufacturing cost, is a major factor may hamper demand for carbon fiber prepreg and restrain growth of carbon the target market over the forecast period. In addition, availability of alternative fiber materials, may also hinder growth of the target market during the forecast period.
Reduction in cost of carbon fibers and development of advanced tools for the product development made of carbon fiber prepreg, are among the factors expected to create a lucrative opportunity for driving growth of the global carbon fiber prepreg market over the forecast period.
Analysis by Segment:
On the basis of resin type, the epoxy resin segment is accounted for significant share in the global carbon fiber prepreg market. The growth of the segment is attributed to properties such as high impact resistance and operational stability of the product at elevated temperatures and pressures. On the basis of manufacturing process, the hot melt segment is estimated to register a significant growth rate in the target market during the forecast period. On the basis of application, the aerospace & defense segment is projected to grow at a faster rate in the next coming years.
Analysis by Region:
The North America market hold a major share in terms of value and volume to the global carbon fiber prepreg market and is projected to witness fastest growth rate in the target market over the forecast period. The growth of carbon fiber prepreg market in the region is attributed to rising demand from aerospace & defense and automotive industries, owing to their properties such as lightweight, easy manufacturing, high tensile strength, and corrosion resistance. The Europe carbon fiber prepreg market is estimated to account for significant shares in terms of revenue in the global carbon fiber prepreg market over the forecast period, followed by the Asia Pacific market.
Segmentation on the Basis of Resin Type:
- Bismaleimide (BMI)
- Cyanate Ester
Segmentation on the Basis of Manufacturing Process:
- Hot Melt
- Solvent Dip
Segmentation on the Basis of Application:
- Aerospace & Defense
- Sports & Leisure
- Wind Power
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Solvay SA
- Hexcel Corporation
- Koninklijke Ten Cate bv
- TEIJIN LIMITED
- TORAY INDUSTRIES, INC.
- Gurit Holding AG
- SGL Group – The Carbon Company
- Axiom Materials, Inc.
- Mitsubishi Chemical Corporation
- PARK ELECTROCHEMICAL CORP.
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