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The global prepreg market reached a value of US$ 10.47 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.88 Billion by 2027, exhibiting a CAGR of 8.10% during 2022-2027. 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.
Prepreg is a strong laminate composite of fiber sheets that are pre-impregnated with catalyzed resins. It is manufactured through a hot melt and solvent-dip process using woven fibers and thermoset resins, such as phenols, epoxy, polyamide and thermoplastics. It involves dissolving the resin in a solvent bath and dipping the reinforcing fabric in the resin solution. Prepreg exhibits high tensile strength, stability, and resistance to fire, fatigue, corrosion, moisture and chemicals. As a result, they find extensive application across various industries, such as automotive, healthcare, aerospace, defense and electrical.
Significant growth in the aerospace industry across the globe represents one of the key factors creating a positive outlook for the market. Prepreg is widely used in the production of air ducts, bars, seats, trailing edges, cabin linings, plenums and brackets due to its high physical strength and structural performance. Moreover, various product innovations, such as the launch of a carbon prepreg patch that consists of epoxy matrix and uni-directional carbon fiber that consists of self-adhesive properties and enables them to bond to metal in a one-step process, are providing a significant boost to the market growth. Additionally, the widespread product adoption in the automotive industry is favoring the market growth. Prepreg is widely used for lightweight parts, ceiling materials and instrument panels due to its high stiffness and tensile strength and low weight. Apart from this, extensive research and development (R&D) activities and increasing product utilization for the manufacturing of various sports accessories, such as bicycles, fishing rods and tennis rackets, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global prepreg market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on resin type, fiber type, manufacturing process and end use industry.
Breakup by Resin Type:
Breakup by Fiber Type:
Breakup by Manufacturing Process:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Axiom Materials Inc. (Kordsa Incorporated), Composites One LLC (Synergy55 Inc.), Gurit Holding, Hexcel Corporation, Mitsubishi Chemical Corporation, Park Aerospace Corp., SGL Carbon SE, Solvay S.A., Sunrez Corporation, Teijin Limited, Toray Industries Inc. and Ventec International Group.
|Base Year of the Analysis||2021|
|Segment Coverage||Resin Type, Fiber Type, Manufacturing Process, 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), Composites One LLC (Synergy55 Inc.), Gurit Holding, Hexcel Corporation, Mitsubishi Chemical Corporation, Park Aerospace Corp., SGL Carbon SE, Solvay S.A., Sunrez Corporation, Teijin Limited, Toray Industries Inc. and Ventec International Group.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|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 prepreg market was valued at US$ 10.47 Billion in 2021.
We expect the global prepreg market to exhibit a CAGR of 8.10% during 2022-2027.
The extensive applications of prepreg in the aerospace industry to aid in manufacturing air ducts, bars, seats, trailing edges, etc., owing to its high physical strength and structural performance, are primarily driving the global 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 end-use industries for prepreg.
Based on the resin type, the global prepreg market has been segmented into thermoset, thermoplastic, epoxy, and others. Currently, thermoset resin holds the majority of the total market share.
Based on the fiber type, the global prepreg market can be divided into carbon, glass, and aramid. Among these, carbon exhibits a clear dominance in the market.
Based on the manufacturing process, the global prepreg market has been categorized into hot-melt process and solvent dip process. Currently, hot-melt process accounts for the majority of the global market share.
Based on the end use industry, the global prepreg market can be segregated into aerospace and defense, automotive, electrical and electronics, wind turbine, sporting goods, and others. Among these, the aerospace and defense industry currently holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global prepreg market include Axiom Materials Inc. (Kordsa Incorporated), Composites One LLC (Synergy55 Inc.), Gurit Holding, Hexcel Corporation, Mitsubishi Chemical Corporation, Park Aerospace Corp., SGL Carbon SE, Solvay S.A., Sunrez Corporation, Teijin Limited, Toray Industries Inc., and Ventec International Group.
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