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Carbon Fiber Prepreg Market Report by Manufacturing Process (Hot Melt, Solvent Dip), Resin Type (Thermoset, Thermoplastic), Resin (Phenolic, Epoxy, Bismaleimide, Polyimide, Cynate Ester, PEEK, and Others), End Use Industry (Aerospace and Defense, Automotive, Wind Energy, Sports and Recreation, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A2327
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Market Overview 2024-2032:
The global carbon fiber prepreg market size reached US$ 10.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2032, exhibiting a growth rate (CAGR) of 7.4% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 10.5 Billion |
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Market Forecast in 2032
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US$ 20.3 Billion |
| Market Growth Rate 2024-2032 | 7.4% |
Carbon fiber prepreg refers to a carbon fiber that has been pre-impregnated with catalyzed resins. It is manufactured using thermoset resins, such as epoxy, polyimide, phenols and thermoplastics, through hot melt and solvent dip techniques. These fibers are led through a comb and laid on a carrier paper for lamination with the resin content, which is further covered with another layer of carrier paper. It exhibits high operational strength, stability and resistance to corrosion, fatigue, fire, moisture and chemicals. It is also highly cost-effective and environment-friendly and finds extensive applications across various such as aerospace, defense, automotive, wind energy, sports and recreation, medical, construction, etc.
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Carbon Fiber Prepreg Market Trends:
Rapid industrialization, along with increasing adoption of green energy sources, is one of the key factors driving the growth of the market. Furthermore, the steady expansion of the automotive industry is also providing a boost to the market growth. Carbon prepregs are increasingly replacing metals in the production of various automobile components, such as bumpers, fenders, splitters, wheel archers, brake ducts and vents. Additionally, widespread product adoption for the manufacturing of various aerospace equipment is also favoring the market growth. Owing to the several associated benefits, such as high physical strength and structural performance with minimal weight, carbon prepregs are used in the production of cabin linings, air ducts, plenums, bars, seats, partitions, trailing edges and brackets. They are also utilized for manufacturing various sports accessories, such as tennis rackets, bicycles, fishing rods and golf shafts. Other factors, including multiple product innovations and extensive research and development (R&D) activities, are expected to drive the market further.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global carbon fiber prepreg market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on manufacturing process, resin type, resin and end use industry.
Breakup by Manufacturing Process:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Hot Melt
- Solvent Dip
Breakup by Resin Type:
- Thermoset
- Thermoplastic
Breakup by Resin:
- Phenolic
- Epoxy
- Bismaleimide
- Polyimide
- Cynate Ester
- PEEK
- Others
Breakup by End Use Industry:
- Aerospace and Defense
- Automotive
- Wind Energy
- Sports and Recreation
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Axiom Materials Inc. (Kordsa Incorporated), Gurit (Tianjin) Composite Material Co. Ltd., Hexcel Corporation, Koninklijke Ten Cate B.V. (Tennessee Acquisition Holding B.V.), Mitsubishi Chemical Holdings Corporation, Park Aerospace Corp., Plastic Reinforcement Fabrics Ltd., SGL Carbon SE, Solvay (Daikin), TCR Composites Inc. (ATK Launch Systems), Teijin Limited and Toray Industries Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Manufacturing Process, Resin Type, Resin, End Use Industry, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Axiom Materials Inc. (Kordsa Incorporated), Gurit (Tianjin) Composite Material Co. Ltd., Hexcel Corporation, Koninklijke Ten Cate B.V. (Tennessee Acquisition Holding B.V.), Mitsubishi Chemical Holdings Corporation, Park Aerospace Corp., Plastic Reinforcement Fabrics Ltd., SGL Carbon SE, Solvay (Daikin), TCR Composites Inc. (ATK Launch Systems), Teijin Limited and Toray Industries Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global carbon fiber prepreg market was valued at US$ 10.5 Billion in 2023.
We expect the global carbon fiber prepreg market to exhibit a CAGR of 7.4% during 2024-2032.
The rising utilization of carbon fiber prepreg over metals in manufacturing various automobile components and aerospace equipment as it is eco-friendly and highly cost effective, is primarily driving the global carbon fiber prepreg market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for carbon fiber prepreg.
Based on the manufacturing process, the global carbon fiber prepreg market has been divided into hot melt and solvent dip. Currently, hot melt exhibits a clear dominance in the market.
Based on the resin type, the global carbon fiber prepreg market can be categorized into thermoset and thermoplastic, where thermoset resin currently holds the majority of the total market share.
Based on the resin, the global carbon fiber prepreg market has been segmented into phenolic, epoxy, bismaleimide, polyimide, cynate ester, PEEK, and others. Among these, epoxy represents the largest market share.
Based on the end use industry, the global carbon fiber prepreg market can be bifurcated into aerospace and defense, automotive, wind energy, sports and recreation, and others. Currently, the aerospace and defense industry accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global carbon fiber prepreg market include Axiom Materials Inc. (Kordsa Incorporated), Gurit (Tianjin) Composite Material Co. Ltd., Hexcel Corporation, Koninklijke Ten Cate B.V. (Tennessee Acquisition Holding B.V.), Mitsubishi Chemical Holdings Corporation, Park Aerospace Corp., Plastic Reinforcement Fabrics Ltd., SGL Carbon SE, Solvay (Daikin), TCR Composites Inc. (ATK Launch Systems), Teijin Limited, and Toray Industries Inc.
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