Dublin, Aug. 04, 2023 (GLOBE NEWSWIRE) -- The "Prepreg Market Size, Share & Trends Analysis Report By Fiber (Glass, Carbon, Aramid), By Resin (Thermoset, Thermoplastic), By Manufacturing Process (Hot-melt, Solvent Dip), By Application, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global prepreg market is experiencing significant growth, with projections indicating a size of USD 25.18 billion by 2030, expanding at an impressive compound annual growth rate (CAGR) of 10.8% from 2023 to 2030.
The aerospace and defense industry's increasing demand and the adoption of composites in automotive, wind energy, and sports equipment applications are key drivers propelling the prepreg industry. Prepreg materials offer superior mechanical properties, lightweight, high strength, and ease of handling and processing, making them preferable over traditional metals.
The aerospace industry's growth in North America and Europe is expected to drive carbon fiber demand, while the Asia Pacific region sees a surge in demand for carbon fibers in sports and leisure goods. Moreover, wind energy has emerged as a significant consumer of prepreg-based composites, particularly in wind turbine manufacturing, leading to improved performance and reduced turbine loads.
The rising demand for fire and heat-resistant materials in various industries is also anticipated to propel the demand for glass fiber-based prepregs, offering improved structural performance in numerous applications. Overall, the prepreg market is poised for robust expansion in the coming years.
Prepreg Market Report Highlights
- The aramid fiber segment is estimated to witness sluggish growth over the forecast period, owing to high cost and reduced shelf life. Prepreg based on aramid fiber is more sensitive to the environment, as the fiber tends to absorb moisture, which negatively impacts the shelf life of prepreg. In terms of revenue, the market share of the segment is expected to decrease by 1.0% during the forecast period
- Hot melt accounted for 71.1% of the global prepreg industry in 2022. This technique is used for both unidirectional as well as fabric prepregs and hence is adopted by numerous manufacturers. Also, the cost-effectiveness of this process is expected to fuel its adoption over the forecast period. Hot melt is estimated to continue as the leading segment of the prepreg industry over the forecast period
- Thermoset resins accounted for the largest share of the prepreg industry in 2022. Liquid thermoset resins are saturated with fiber to produce prepreg. Epoxy is the major thermoset resin used in prepreg manufacturing. Excellent compatibility of thermoset epoxy resin in widely used carbon fiber prepreg has fostered the demand
- Aerospace & defense accounted as the largest application segment of the global prepreg industry in 2022. In terms of revenue, the application segment accounted for a 39.0% share of the global prepreg industry in 2022. Wind energy was the second leading application segment of the market followed by others, automotive, and sporting goods. The rising need among manufacturers for the manufacturing of durable and lighter materials for the production of various aerospace parts is expected to have a positive impact on the industry over the next eight years
Competitive Landscape
- Hexcel Corporation
- Toray Industries, Inc.
- Axiom Materials, Inc.
- Park Aerospace Corp.
- Teijin Limited
- Mitsubishi Chemical Carbon Fiber and Composites, Inc.
- SGL Carbon
- Gurit
- Rock West Composites
- Plastic Reinforcement Fabrics Ltd. (PRF Composites)
- Dexcraft
- SHD Group
- ZOLTEK Corporation
- TCR Composites
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 85 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $11.05 Billion |
| Forecasted Market Value (USD) by 2030 | $25.18 Billion |
| Compound Annual Growth Rate | 10.8% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw material trends
3.2.2. Manufacturing trends
3.2.3. List of key end-use
3.2.4. Price Trend Analysis
3.2.5. Sales Channel Analysis
3.3. Regulatory Framework
3.4. Technology Overview
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Market Opportunity Analysis
3.5.4. Industry challenges
3.6. Business Environmental Tools Analysis: Prepreg Market
3.6.1. Porter's Five Forces Analysis
3.6.2. PESTLE by SWOT
3.6.3. Market Disruption Analysis
Chapter 4. Prepreg Market: Analysis of the Turkish Market
4.1. Business Environmental Tools Analysis: Prepreg Market
4.1.1. Cost Model Analysis
4.1.1.1. Manufacturing Cost Analysis
4.1.1.2. Direct material cost
4.1.1.3. Direct Labor Cost
4.1.1.4. Factory Overhead
4.1.1.5. Other Costs Analysis
4.1.2. Logistics & Transportation Cost Analysis
Chapter 5. Prepreg Market, by Fiber, 2018 - 2030, (Volume, Ton; Revenue, USD Million)
5.1. Key Takeaways
5.2. Fiber Market Share Analysis, 2022 & 2030
5.3. Glass
5.4. Carbon
5.5. Aramid
Chapter 6. Prepreg Market, by Resin, 2018 - 2030, (Volume, Ton; Revenue, USD Million)
6.1. Key Takeaways
6.2. Resin Market Share Analysis, 2022 & 2030
6.3. Thermoset
6.3.1. Market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
6.4. Thermoplastic
6.4.1. Market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
Chapter 7. Prepreg Market, by Manufacturing Process, 2018 - 2030, (Volume, Ton; Revenue, USD Million)
7.1. Key Takeaways
7.2. Resin Market Share Analysis, 2022 & 2030
7.3. Hot-Melt
7.3.1. Market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
7.4. Solvent Dip
7.4.1. Market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
Chapter 8. Prepreg Market, by Application, 2018 - 2030, (Volume, Ton; Revenue, USD Million)
8.1. Key Takeaways
8.2. Application Market Share Analysis, 2022 & 2030
8.3. Aerospace & Defense
8.4. Automotive
8.5. Wind Energy
8.6. Sporting Goods
8.7. Others
Chapter 9. Prepreg Market, by Region, 2018 - 2030, (Volume, Tons; Revenue, USD Million)
9.1. Key Takeaways
9.2. Regional Market Share Analysis, 2022 & 2030
Chapter 10. Prepreg Market Supplier Intelligence
10.1. Kraljic Matrix (Portfolio Analysis)
10.2 Engagement Model
10.3. Negotiation Strategies
10.4. Sourcing Best Practices
10.5. Vendor Selection Criteria
10.6. List of Raw Material Suppliers
10.7. List of Equipment Suppliers
10.8. List of End-user
For more information about this report visit https://www.researchandmarkets.com/r/f3c3tp
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