Global Prepreg Market Size, Share & Trends Analysis Report 2023: A $25+ Billion Industry by 2030

Global Prepreg Market

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 ScopeChapter 2. Executive Summary2.1. Market Outlook2.2. Segmental Outlook2.3. Competitive InsightsChapter 3. Market Variables, Trends, and Scope3.1. Market Lineage Outlook3.2. Industry Value Chain Analysis3.2.1. Raw material trends3.2.2. Manufacturing trends3.2.3. List of key end-use3.2.4. Price Trend Analysis3.2.5. Sales Channel Analysis3.3. Regulatory Framework3.4. Technology Overview3.5. Market Dynamics3.5.1. Market driver analysis3.5.2. Market restraint analysis3.5.3. Market Opportunity Analysis3.5.4. Industry challenges3.6. Business Environmental Tools Analysis: Prepreg Market3.6.1. Porter's Five Forces Analysis3.6.2. PESTLE by SWOT3.6.3. Market Disruption AnalysisChapter 4. Prepreg Market: Analysis of the Turkish Market4.1. Business Environmental Tools Analysis: Prepreg Market4.1.1. Cost Model Analysis4.1.1.1. Manufacturing Cost Analysis4.1.1.2. Direct material cost4.1.1.3. Direct Labor Cost4.1.1.4. Factory Overhead4.1.1.5. Other Costs Analysis4.1.2. Logistics & Transportation Cost AnalysisChapter 5. Prepreg Market, by Fiber, 2018 - 2030, (Volume, Ton; Revenue, USD Million)5.1. Key Takeaways5.2. Fiber Market Share Analysis, 2022 & 20305.3. Glass5.4. Carbon5.5. AramidChapter 6. Prepreg Market, by Resin, 2018 - 2030, (Volume, Ton; Revenue, USD Million)6.1. Key Takeaways6.2. Resin Market Share Analysis, 2022 & 20306.3. Thermoset6.3.1. Market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)6.4. Thermoplastic6.4.1. 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 Takeaways7.2. Resin Market Share Analysis, 2022 & 20307.3. Hot-Melt7.3.1. Market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)7.4. Solvent Dip7.4.1. 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 Takeaways8.2. Application Market Share Analysis, 2022 & 20308.3. Aerospace & Defense8.4. Automotive8.5. Wind Energy8.6. Sporting Goods8.7. OthersChapter 9. Prepreg Market, by Region, 2018 - 2030, (Volume, Tons; Revenue, USD Million)9.1. Key Takeaways9.2. Regional Market Share Analysis, 2022 & 2030Chapter 10. Prepreg Market Supplier Intelligence10.1. Kraljic Matrix (Portfolio Analysis)10.2 Engagement Model10.3. Negotiation Strategies10.4. Sourcing Best Practices10.5. Vendor Selection Criteria10.6. List of Raw Material Suppliers10.7. List of Equipment Suppliers10.8. List of End-userFor more information about this report visit https://www.researchandmarkets.com/r/f3c3tp

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Global Prepreg Market