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Prepreg Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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. 

Prepreg Market Trends:

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.

Key Market Segmentation:

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:

  • Thermoset
  • Thermoplastic
  • Epoxy
  • Others
     

Breakup by Fiber Type:

  • Carbon
  • Glass
  • Aramid
     

Breakup by Manufacturing Process:

  • Hot-Melt Process
  • Solvent Dip Process
     

Breakup by End Use Industry:

  • Aerospace and Defense
  • Automotive
  • Electrical and Electronics
  • Wind Turbine
  • Sporting Goods
  • Others
     

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
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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)

 

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Prepreg Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Resin Type
    6.1    Thermoset
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Thermoplastic
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Epoxy
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Fiber Type
    7.1    Carbon
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Glass
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Aramid
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Manufacturing Process
    8.1    Hot-Melt Process
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Solvent Dip Process
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End Use Industry
    9.1    Aerospace and Defense
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Automotive
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Electrical and Electronics
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Wind Turbine
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Sporting Goods
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Axiom Materials Inc. (Kordsa Incorporated)
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Composites One LLC (Synergy55 Inc.)
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Gurit Holding
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
        15.3.4    Hexcel Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Mitsubishi Chemical Corporation 
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Park Aerospace Corp.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    SGL Carbon SE
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Solvay S.A.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Sunrez Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Teijin Limited
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Toray Industries Inc. 
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Ventec International Group
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Prepreg Market: Major Drivers and Challenges
Figure 2: Global: Prepreg Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Prepreg Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Prepreg Market: Breakup by Resin Type (in %), 2021
Figure 5: Global: Prepreg Market: Breakup by Fiber Type (in %), 2021
Figure 6: Global: Prepreg Market: Breakup by Manufacturing Process (in %), 2021
Figure 7: Global: Prepreg Market: Breakup by End Use Industry (in %), 2021
Figure 8: Global: Prepreg Market: Breakup by Region (in %), 2021
Figure 9: Global: Prepreg (Thermoset) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Prepreg (Thermoset) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Prepreg (Thermoplastic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Prepreg (Thermoplastic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Prepreg (Epoxy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Prepreg (Epoxy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Prepreg (Other Resin Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Prepreg (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Prepreg (Carbon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Prepreg (Carbon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Prepreg (Glass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Prepreg (Glass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Prepreg (Aramid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Prepreg (Aramid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Prepreg (Hot-Melt Process) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Prepreg (Hot-Melt Process) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Prepreg (Solvent Dip Process) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Prepreg (Solvent Dip Process) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Prepreg (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Prepreg (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Prepreg (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Prepreg (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Prepreg (Electrical and Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Prepreg (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Prepreg (Wind Turbine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Prepreg (Wind Turbine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Prepreg (Sporting Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Prepreg (Sporting Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Prepreg (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Prepreg (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: United States: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: United States: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Canada: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Canada: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Asia-Pacific: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Asia-Pacific: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: China: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: China: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Japan: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Japan: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: India: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: India: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: South Korea: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: South Korea: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Australia: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Australia: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Indonesia: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Indonesia: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Europe: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Europe: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Germany: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Germany: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: France: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: France: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: United Kingdom: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: United Kingdom: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Italy: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Italy: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Spain: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Spain: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Russia: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Russia: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Latin America: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Latin America: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Brazil: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Brazil: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Mexico: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Mexico: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Others: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Others: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Middle East and Africa: Prepreg Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Middle East and Africa: Prepreg Market: Breakup by Country (in %), 2021
Figure 87: Middle East and Africa: Prepreg Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Global: Prepreg Industry: SWOT Analysis
Figure 89: Global: Prepreg Industry: Value Chain Analysis
Figure 90: Global: Prepreg Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Prepreg Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Prepreg Market Forecast: Breakup by Resin Type (in Million US$), 2022-2027
Table 3: Global: Prepreg Market Forecast: Breakup by Fiber Type (in Million US$), 2022-2027
Table 4: Global: Prepreg Market Forecast: Breakup by Manufacturing Process (in Million US$), 2022-2027
Table 5: Global: Prepreg Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: Prepreg Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Prepreg Market: Competitive Structure
Table 8: Global: Prepreg Market: Key Players


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Key Questions Answered in This Report

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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