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The global carbon fiber prepreg market was valued at US$ 8.9 Billion in 2021.
We expect the global carbon fiber prepreg market to exhibit a CAGR of 8.5% during 2022-2027.
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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