Prepreg Market: Size, Trends, Growth and Share Forecast (2022-2028) | UnivDatos

The global Prepreg Market is likely to showcase a growth of around 11% during the forecast period. Industries like automotive and aerospace & defence is increasingly adopting high-performance composite materials over metals and glass to reduce the weight that to be without compromising with the performance. This in turn is increasing the demand for prepregs from industries as prepregs offers both lightweight and high-performance properties.

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The increasing adoption of high-performance materials which provide better strength than metals and glass while at the same offer lightweight property is growing the industry stakeholder's traction towards prepregs. Industries like automotive investing heavily in research & development to reduce the vehicle weight, thus improving the vehicle efficiency while simultaneously helping in environment emission reduction. Therefore, automotive OEM is increasingly using prepregs for automobile parts and components, tooling, and ballistic panels. Besides this, renewable energy is one of the new areas where composite materials are gaining market traction. The renewable energy industry is building large size windmills to generate more power, as a result they are increasingly using composites materials including prepreg, to reduce weight. As the investment in the renewable energy industry is showing bolstering growth across the globe, it is expected the industry players would develop substantial size of windmill compared to current level, which eventually increase the demand for prepreg.

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Based on reinforcement type, the market is categorized into carbon fiber, glass fiber, and others. During the forecast period, the carbon fiber category is likely to showcase robust growth due to increasing investment in the renewable energy industry to reduce the dependency on conventional energy. This in turn increases the production of windmills and blades, thus boosting the demand for carbon fiber prepreg.

Based on resin type, the market is categorized into thermoset and thermoplastic. Of both, the thermosets category held the lion share of the market in 2020 and is expected to maintain its strong position during the forecast period. Thermoset resin like epoxy is the most common in the manufacturing process owing to its high specific strength, excellent adhesion, and good dimensional stability. Besides this, adding fibers into epoxies improves the thermal and durability properties while reducing the cost for composite applications.

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For a better understanding of the market adoption of prepreg, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific region is expected to showcase bolstering growth during the forecast period. The region is among the largest markets for some of the biggest consumers of prepregs like automotive, aerospace & defence, renewable, and electrical electronics. Besides this, increasing investment in the regional economies to cater the growing population and increasing demand among consumers for high quality products due to rising income are some of the factors which is likely to maintain strong growth for prepregs in the foreseeable future. Moreover, the rising cost of production in western economies is making other regions non-competitive to the Asia-Pacific economies.

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Global Prepreg Market Segmentation

Market Insight, by Reinforcement Type

Carbon Fiber

Glass Fiber

Others

Market Insight, by Resin Type

Thermoset

Thermoplastic

Market Insight, by Form

Unidirectional

Woven

Market Insight, by Manufacturing Process

Hot Melt

Solvent Dip

Resin Filming

Market Insight, by End-User

Aerospace & Defence

Automotive

Renewable

Sports

Electrical & Electronics

Others

Market Insight, by Region

North America Prepreg Market

oThe United States

oCanada

oRest of North America

Europe Prepreg Market

oGermany

oThe United Kingdom

oFrance

oSpain

oItaly

oRest of Europe

Asia-Pacific Prepreg Market

oChina

oJapan

oIndia

oRest of Asia-Pacific

Rest of World Prepreg Market

Top Company Profiles

Hexcel Corporation

Toray Industries Inc.

SGL Carbon SE

Axiom Materials Inc.

Solvay S.A.

Teijin Limited

Mitsubishi Chemical Corporation

Gurit Holding AG

Park Aerospace Corp.

Victrex plc.

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