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Prepreg (Pre-Impregnated Composite Fibers) - Global Market Trajectory & Analytics

  • ID: 1882059
  • Report
  • September 2020
  • Region: Global
  • 632 Pages
  • Global Industry Analysts, Inc
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The worst affected industry in this pandemic driven crisis is manufacturing with its complex supply chains, labor intensive processes, and interdependencies. Division of labor, modular manufacturing strategies, outsourcing to reduce costs and increase the efficiency, consistency, and quality of each operations, have made the manufacturing sector most vulnerable amid the lockdown restrictions. As upstream, midstream and downstream sectors of manufacturing feel the ripple effect of disruption, Prepreg (Pre-impregnated Composite Fibers) also a key part of the value chain is expected to feel the heat. A revised outlook pegs the global market size at a projected US$7.5 billion for the year 2027. An indication of the grim state of affairs is the fact that global manufacturing PMI is already declining and will fall to an estimated all-time low of 35.4 points in 2020 as compared to 53.8 in 2019. This indicates severe contraction of manufacturing activity including new orders, production, employment, supplier deliveries, inventories, customers' inventories, commodity prices, order backlog, new export orders, and imports. Business investment confidence is tumbling amidst poor demand, falling profits, liquidity crunch and a reeling global economy. The great lockdown of 2020 has crushed the global economy and with it the manufacturing sector.

The COVID-19 pandemic will have lasting long-term economic, social and political impact. To curb the pandemic, governments have and will continue to impose strict lockdowns and ban on all non-essential business operations, thus bringing all economic activity to a virtual halt. SMB manufacturers will be worst affected with over 50% of SMEs voicing uncertainty over their companies' ability to survive the corona virus-related shutdown. The automotive industry which is facing the worst ever business disruption with production plants being shutdown both as a result of lockdown measures and falling demand, poses the biggest growth challenge for the prepreg. Decades of untiring OEM focus on vehicle performance and strength has made automotive prepreg materials important in production. New vehicle sales are rapidly declining as unemployment rates surge and consumer confidence plummets. Global auto industry's gross value-added is expected to erode by over 12. 2% by the end of 2020 when the recession hits its peak. Under this scenario, raw material and component value chains are being severely impacted. Like the automotive sector, other end-user industries for prepreg are also reeling under a vastly similar impact.

Given that maintaining focus on achieving part uniformity, consistent quality and superior surface finishes in product manufacturing is critically important, the market's growth fundamentals will nevertheless bounce back once the economic climate improves. From their early applications in the aerospace industry, prepregs are today used in a wide spectrum of industries including automotive, sporting goods, high temperature components, electronic-transmission systems, A/C ducting and in products with high impact surfaces. Major benefits offered include corrosion resistance, high specific stiffness and strength, lightweight, reduced curing time, faster manufacturing, and higher production line throughput. In the post COVID-19 period carbon fibers prepregs will witness robust demand given its many material benefits which are invaluable in automotive and aircraft parts and components manufacture. Resumption of manufacturing growth will fuel commodity prepreg applications. Also, during this period, chopped prepreg molding compound will gain in popularity. In a return to business as normal scenario, Asia-Pacific including China, will continue to be led by a recovery of growth in automobile production, increased applications in general engineering and strong demand for structural prepregs for renewable energy structures against the backdrop of growing government investments in ensuring energy sustainability and security.

Competitors identified in this market include, among others:
  • APCM LLC
  • Axiom Materials Inc.
  • Cytec Solvay Group
  • Gurit Holding AG
  • Hexcel Corporation
  • Holding Company Composite
  • Isola Group
  • Koninklijke Ten Cate bv
  • Mitsubishi Chemical Corporation
  • SGL Group - The Carbon Company
  • Taiwan First Li-Bond Co. Ltd.
  • Toray Industries Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • An Introduction to Pre-Impregnated Composite Fibers (Prepregs)
  • Typical Properties of Prepreg Composites
  • Resins Used in Prepregs
  • Basic Forms of Prepregs
  • Manufacture of Prepregs
  • Thermosetting Prepreg Processes
  • Thermoplastic Prepregging Processes
  • Energy Intensity of Production Processes during Prepreg Manufacture
  • Applications of Prepregs
  • Global Prepregs Market Prospects and Outlook
  • Thermosetting Resins Hold Leading Market Share
  • Carbon Fiber Prepregs: The Most Widely Used Type
  • Aerospace & Defense Emerges as the Largest End-Use Market for Prepregs
  • North America and Europe Lead, China and Asia-Pacific Exhibit Fastest Growth
  • Impact of COVID-19
  • Competition
  • Prepreg (Pre-Impregnated Composite Fibers) Competitor Market Share Scenario Worldwide (in %): 2019
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Aerospace Industry: COVID-19 Crisis Impacts Aviation Sector Affecting Growth Outlook for Prepregs
  • Global Fleet Size of Commercial Aircraft by Region (in Units) for the Years 2018 and 2038
  • Number of Gross Orders for Boeing and Airbus for the Period 2010-2019
  • Epoxy Prepreg: The Popular Resin Type
  • Aerospace MRO Market for Composite Components
  • Aircraft Interior Manufacturers Increasingly Rely on Composites
  • OAA Alternatives Emerge in Aerospace Composite Manufacturing
  • Potential Growth Opportunity for Prepregs Usage in Defense Applications
  • UAVs Offer Potential Growth Prospects for Prepregs
  • Emerging Space Exploration Missions to Augur Well for the Advanced Composites Market
  • Auto Industry’s Shift towards Fuel Efficient Vehicles Fuels Demand for Lightweight Composites, Benefiting Prepregs Market
  • World Automobile Production (in Million Units) for the Period 2008-2022
  • Auto Industry’s Focus on Lightweight Construction Drives Measures to Achieve CO2 Targets: OEM Fleet Target Development in the EU (in g CO2/km)
  • Performance Characteristics of Common Lightweight Materials
  • Switch to Electric Vehicles: Opportunity for Prepregs Market
  • Global EV Sales (In Million Units) for the Years 2019, 2025 & 2030
  • Advanced Resin Materials and Production Techniques Enable Mass Manufacture of Automotive Components
  • Advancements Aimed at Addressing Curing Time Hurdles
  • Growing Importance of Renewable Energy and Need to Harness Wind Energy Spurs Use of Prepregs in Turbines
  • Global Energy Generation Mix (in %) for 2018 and 2050
  • Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
  • Prepregs Hold Promise as Replacement for Resin-Infused Glass Fiber in Wind Blade Spar Caps
  • Need for Durable Recreational and Sports Goods & Equipment Augurs Well for Prepregs Market
  • Global Sports Equipment Market Size (in US$ Billion) for 2019, 2022 and 2025
  • Snow Skis: An Important Market for Prepregs
  • Marine Vessels Construction Moves towards Advanced Composites, Supports Prepregs Demand
  • Boat Industry Heralds the Arrival of Marine Composites
  • Carbon Fiber Prepregs Market: Superior Properties Support Growing Use in Key End-Use Markets
  • Aerospace & Defense, Automotive & Wind Energy: Major End-Use Sectors
  • Developed Regions Lead, Developing Regions to Fuel Long-term Growth
  • Challenges Facing Carbon Fiber Prepregs Market
  • Carbon Fiber Prepregs: A Intensely Competitive Market
  • Material Properties and Performance Benefits Support Demand for Thermoplastic Prepregs
  • Tow Prepregs Market: Market Growth Linked to Aerospace & Auto Industries
  • Glass Fiber Prepreg Market: An Overview
  • Non-Woven Glass Fiber Prepregs Continue to Find Increasing Use
  • Out-of-Autoclave Prepregs: A Small Yet Prominent Part of Overall Prepregs Market
  • Manufacturing Technology Advances Fuel Commodity Prepreg Applications
  • User-Friendly and Automated Prepreg Machines: Enabling Manufacture of High-Quality Prepregs
  • Chopped Prepreg Molding Compound Gains Popularity
  • Composite Tooling Prepreg Market: An Overview
  • Innovations Drive Improvements in Prepreg Efficiencies and Applications
  • A Glance at Select Innovations
  • High Cost of Recycling Prepregs Remains a Key Challenge for the Industry
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Prepregs Market in the US: An Overview
  • Reinforced Applications of Textile Glass Fiber Present Growth Potential
  • Market Analytics
CANADA

JAPAN

CHINA
  • Market Overview
  • An Insight into Chinese Glass Fiber Composites Market
  • Market Analytics
EUROPE
  • Market Overview
  • Carbon-Fiber Reinforced Thermoplastics to Offer Competition to Glass Fibers
  • Glass Fiber Reinforced Plastic (GRP) in Europe: Production Volume in Thousand Metric Tons for 2010-2018
  • European Glass Fiber Reinforced Plastic (GFRP) Production Breakdown (in %) by Country/ Region for 2018
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA
  • Indian Prepregs Market: An Overview
  • Market Analytics
SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 87
Note: Product cover images may vary from those shown
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