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The global carbon fiber prepreg market reached a value of around US$ 8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
Breakup by Manufacturing Process:
Breakup by Resin Type:
Breakup by Resin:
Breakup by End Use Industry:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|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.|
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Key Questions Answered in This Report:
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