Carbon Fiber Prepreg Market Size Report

Global Carbon Fiber Prepreg Market:

The global carbon fiber prepreg market size reached USD 11.3 Billion in 2024. Looking forward, the market is expected to reach USD 20.9 Billion by 2033, exhibiting a growth rate (CAGR) of 7.1% during 2025-2033. The increasing demand for lightweight materials in the aerospace industry to improve fuel efficiency is stimulating the market.

Carbon Fiber Prepreg Market Analysis:

• Major Market Drivers: The growing use of carbon resources by automakers to enhance electric vehicle performance and battery life is propelling the market.
• Key Market Trends: The rising adoption of carbon fibers by wind turbine manufacturers for stronger and lighter blades is acting as a significant growth-inducing factor.
• Competitive Landscape: Some of the major market companies 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., among many others.
• Geographical Trends: North America exhibits a clear dominance in the market due to strong demand from the aerospace and wind energy sectors. Besides this, technological advancements and an increasing focus on lightweight materials are augmenting the market.
• Challenges and Opportunities: The sensitivity to moisture during storage is hindering the carbon fiber prepreg market recent opportunities. However, developing better protective packaging and improved storage conditions will continue to strengthen the market over the forecast period.
   

Carbon Fiber Prepreg Market Trends:

Innovation in High-Strength Carbon Fibers

Advances in carbon fiber technology are improving the strength, flexibility, and overall performance of carbon fiber prepreg materials. In addition, this progress enables the production of more durable and lightweight components, which is driving adoption in industries like aerospace, automotive, and energy, where high performance and efficiency are essential. For instance, in January 2024, Toray Industries launched TORAYCA M46X carbon fiber, which is 20% stronger than previous models, while maintaining a high tensile modulus. This launch enhances compressive strength, reduces weight, and broadens design flexibility for carbon fiber prepreg applications in various high-performance markets.

Rising Demand for Sustainable Materials

The carbon fiber prepreg sector is experiencing growth due to the increasing focus on sustainability. Moreover, manufacturers are developing eco-friendly alternatives, including bio-based resins and recycling initiatives to reduce environmental impact. In addition, this shift aligns with global sustainability goals, particularly in industries that prioritize greener and more responsible solutions. For instance, in March 2024, Mitsubishi Chemical Group introduced a series of carbon fiber prepreg, incorporating plant-derived resin with up to 25% biomass content. This new prepreg maintains conventional performance, targeting sports, mobility, and industrial applications while supporting environmental sustainability efforts.

Growing Investments in Carbon Fiber Production

Significant investments in carbon fiber production facilities are expanding the availability and capacity of prepreg materials. Besides this, the expansion is crucial for meeting the growing demand across industries, such as wind energy, automotive, and defense, as it enables more efficient manufacturing processes and reduces supply chain constraints. For instance, in March 2024, Jindal Advanced Materials (JAM) partnered with Italy's MAE S.p.A. to invest USD 27 Billion in India's first carbon fiber plant, producing 3,500 metric tonnes annually. The facility offers fabrics and composites, thereby elevating the carbon fiber prepreg market's recent price.

Global Carbon Fiber Prepreg Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the carbon fiber prepreg market forecast at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on manufacturing process, resin type, resin, and end use industry.

Breakup by Manufacturing Process:

• Hot Melt
• Solvent Dip
   

Hot melt currently holds the largest carbon fiber prepreg market share

The report has provided a detailed breakup and analysis of the market based on the manufacturing process. This includes hot melt and solvent dip. According to the report, hot melt represented the largest market segmentation.

Hot melt exhibits a clear dominance in the carbon fiber prepreg manufacturing process due to its efficient, solvent-free method, which reduces environmental impact and processing time. For example, Solvay's MTM 23 series launched using the hot melt process, which highlights the method's efficiency and superior product quality in aerospace applications.

Breakup by Resin Type:

• Thermoset
• Thermoplastic
   

Thermoset currently holds the largest carbon fiber prepreg market demand

The report has provided a detailed breakup and analysis of the market based on the resin type. This includes thermoset and thermoplastic. According to the report, thermoset represented the largest market segmentation.

Thermoset resins lead the market due to their superior heat resistance and structural integrity after curing. On the contrary, these resins, like epoxy, create strong, durable bonds, thereby making them ideal for aerospace and automotive applications. For instance, Hexcel recently launched HexPly M79, a thermoset prepreg designed for faster curing times in wind turbine blades.

Breakup by Resin:

• Phenolic
• Epoxy
• Bismaleimide
• Polyimide
• Cynate Ester
• PEEK
• Others
   

Epoxy currently holds the largest carbon fiber prepreg market statistics

The report has provided a detailed breakup and analysis of the market based on the resin. This includes phenolic, epoxy, bismaleimide, polyimide, cynate ester, PEEK, and others. According to the report, epoxy represented the largest market segmentation.

Epoxy dominates the market due to its excellent mechanical properties, high strength-to-weight ratio, and superior bonding with fibers. Also, it offers exceptional durability and resistance to environmental factors. For example, Solvay launched MTM 348FR, an epoxy prepreg designed for the aerospace industry, thereby offering improved fire resistance and performance.

Breakup by End Use Industry:

• Aerospace and Defense
• Automotive
• Wind Energy
• Sports and Recreation
• Others
   

Aerospace and defense currently hold the largest carbon fiber prepreg market revenue

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes aerospace and defense, automotive, wind energy, sports and recreation, and others. According to the report, aerospace and defense represented the largest market segmentation.

Aerospace and defense lead the market due to the industry's demand for lightweight, high-strength materials. For instance, Boeing’s 787 Dreamliner uses carbon fiber prepregs to reduce weight and enhance fuel efficiency, boosting its performance.

Breakup by Region:

• 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
   

North America currently dominates the market

The carbon fiber prepreg market outlook has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share. 

As per the carbon fiber prepreg market overview, North America exhibits a clear dominance in the market driven by high demand from the aerospace, defense, and automotive sectors. For instance, Boeing and Lockheed Martin utilize carbon fiber prepregs in advanced aircraft manufacturing due to their lightweight and strength. Furthermore, Hexcel Corporation launched a new carbon fiber prepreg designed for wind energy applications, showcasing the region's innovation. The presence of key manufacturers and technological advancements solidifies North America's leading position in this market and contribute to its growth.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major carbon fiber prepreg market companies have also been provided. Some of the key players in the 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
• Toray Industries Inc.
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

 Carbon Fiber Prepreg Market Recent Developments:

• March 2024: Mitsubishi Chemical Group introduced the series of carbon fiber prepreg, incorporating plant-derived resin with up to 25% biomass content. This new prepreg maintains conventional performance, targeting sports, mobility, and industrial applications while supporting environmental sustainability efforts.
• March 2024: Jindal Advanced Materials (JAM) partnered with Italy's MAE S.p.A. to invest USD 27 Billion in India's first carbon fiber plant, producing 3,500 metric tons annually.
• January 2024: Toray Industries launched TORAYCA M46X carbon fiber, which is 20% stronger than previous models while maintaining a high tensile modulus. This launch enhances compressive strength, reduces weight, and broadens design flexibility for carbon fiber prepreg applications in various high-performance markets.

Carbon Fiber Prepreg Market Report Scope:

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the carbon fiber prepreg market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global carbon fiber prepreg market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the carbon fiber prepreg industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.