According to the latest report of the IMARC group, entitled “Carbon Fiber Prepreg Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 » the global carbon fiber prepreg market reached a value of US$8.9 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$14.6 billion from by 2027, with a CAGR of 8.5% in 2022-2027.
Prepreg refers to a molding or reinforcement material impregnated with synthetic resin. Carbon fiber prepreg is typically made by combining carbon fibers with thermosetting resins including phenols and thermoplastics. Typically manufactured via the hot melt or solvent immersion processes, it exhibits improved strength and stiffness with excellent corrosion resistivity. As a result, it is widely used as a preferred alternative to metal alloys and thermoset composites due to its ability to withstand temperature extremes and its resistance to chemicals, fire, and moisture.
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Market Trends and Drivers:
The global carbon fiber prepreg market is mainly driven by the growing use of products from the automotive sector. This is supported by the growing preference for light and fuel efficient vehicles among the masses. Coupled with the increasing use of carbon fiber prepregs in the manufacture of various automotive components, such as bumpers, wheel arches, seats, splitters and brake ducts, this creates a positive outlook for the market.
Moreover, with an increased focus on sustainability among the masses, there has been a huge increase in the usage of the product. In this light, the widespread adoption of carbon fiber prepregs in the production of airplanes and helicopters to improve their safety and durability is driving the growth of the market. Also, increasing use of carbon fiber prepreg composites to manufacture several sports accessories due to their lightweight and durable properties is helping the market grow. Other factors including rapid industrialization, continuous product innovations, and extensive research and development (R&D) activities by key players are further expected to boost the market growth.
Competitive Analysis and Segmentation of the Carbon Fiber Prepreg Market 2022-2027:
Competitive landscape with key players:
The competitive landscape of the Carbon Fiber Prepregs Market has been studied in the report along with the detailed profiles of key players operating in the market.
Some of these key players include:
- Axiom Materials Inc. (Kordsa Incorporated)
- Gurit (Tianjin) Composite Material Co.Ltd.
- Hexcel Corporation
- Koninklijke Ten Cate BV (Tennessee Acquisition Holding BV)
- Mitsubishi Chemical Holdings Corporation
- Park Aerospace Corp.
- Plastic Reinforcement Fabrics Ltd.
- SGL Carbon SE
- Solvay (Daikin)
- TCR Composites Inc. (ATK launch systems)
- teijin limited
- Toray Industries Inc.
Key Market Segmentation:
The report has segmented the global carbon fiber prepreg market on the basis of manufacturing process, resin type, resin, end-use industry, and region.
Breakdown by manufacturing process:
Breakdown by type of resin:
- cynical ester
- A LOOK
Breakdown by end-use industry:
- Aeronautics and Defense
- Wind energy
- Sports and leisures
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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