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 size reached US$8.9 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$14.6 billion by 2027, showing a growth rate (CAGR) of 8.5% during the period 2022-2027. Carbon fiber prepreg is a composite material made from carbon fiber pre-impregnated with a resin system. It is mainly made by combining various thermosetting resins, such as epoxy, polyimide, phenols and thermoplastics, with carbon fibers by hot melting and solvent immersion techniques. They are then guided through a comb and laid on backing paper for resin lamination. Carbon fiber prepreg is lightweight, economical, and environmentally friendly and features a high weight-to-weight ratio, better operational stability than metal alloys, and excellent chemical and corrosion resistance. Hence, it finds wide applications in various commercial products.
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The widespread adoption of carbon fiber prepreg in various industries can be attributed to the growing awareness among manufacturers of its multiple beneficial properties. Additionally, growing environmental concerns and the implementation of green initiatives by governments have prompted automakers to incorporate fiber into vehicles to reduce fuel consumption and carbon dioxide (CO2) emissions, which supports the growth of the carbon fiber prepreg market. Additionally, the increasing use of carbon fiber prepregs in sports and recreational applications, such as bicycles, tennis rackets, golf shafts, and fishing rods, is propelling the growth of the market. Apart from this, extensive use of the products to manufacture wind turbine blades and other power system components coupled with continuous research and development (R&D) activities to identify various product applications is driving the growth of the market.
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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