Carbon Fiber Prepreg Market by Resin Type (Epoxy, Phenolic, Bismaleimide, Cyanate Ester, Thermoplastic), Manufacturing Process (Hot Melt, Solvent Dip), Application (Aerospace & Defense, Automotive, Sports & Leisure, Wind) - Global Forecast to 2021

  • ID: 4091283
  • Report
  • Region: Global
  • 173 pages
  • Markets and Markets
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The Carbon Fiber Prepreg Market was Valued at USD 3.86 Billion in 2015 and is Projected to Reach USD 7.20 Billion by 2021 at a CAGR of 11.0%

FEATURED COMPANIES

  • Axiom Materials
  • Dexcraft H.C.
  • HC Composite
  • Mitsubishi Rayon Co. Ltd.
  • SGL Group
  • Toray Industries Inc.
  • MORE

The carbon fiber prepreg market is projected to grow at a CAGR of 11.0% during the forecast period, 2016 to 2021.

The carbon fiber prepreg market is projected to reach USD 7.20 billion by 2021, at a CAGR of 11.0% between 2016 and 2021. The major drivers fueling the growth of the carbon fiber prepreg market are increasing demand for fuel efficient vehicles, growing use of carbon fiber prepregs in the aerospace & defense and wind industries. However, high processing and manufacturing costs of carbon fiber prepregs, along with issues related to their recyclability are the factors expected to restrain the growth of the carbon fiber prepreg market during the forecast period.

In terms of value, the aerospace & defense application segment of the carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period."

The aerospace & defense segment is leading the carbon fiber prepreg market, in terms of value and volume. The properties exhibited by carbon fiber prepregs, such as lightweight, ease of fabrication, resistance to corrosion and chemicals, and increased operational stability at high temperatures in comparison to other conventional materials, such as metallic alloys and thermoset composites are the factors leading towards increased use of carbon fiber prepregs in the aerospace & defense industry.

The North America carbon fiber prepreg market is projected to grow at the highest CAGR from 2016 to 2021.

The North America carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. Increasing demand for carbon fiber prepregs from the aerospace & defense and automotive industries, along with the continuous urbanization and industrialization taking place in the region is the factor expected to contribute towards the growth of the North America carbon fiber prepreg market during the forecast period.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into following three categories:

  • By Company Type- Tier 1-35%, Tier 2-25%, and Tier 3-40%
  • By Designation- C Level-30%, Director Level-25%, and Others-45%
  • By Region- North America-30%, Europe-25%, Asia-Pacific-30%, Latin America-5%, and Middle East & Africa-10%

The report provides a comprehensive analysis of profiles of the companies listed below:

  • Cytec Solvay Group (Brussels, Belgium)
  • Royal TenCate N.V. (Almeo, Netherlands)
  • Teijin Limited (Osaka, Japan)
  • Toray Industries, Inc. (Tokyo, Japan)
  • Hexcel Corporation (Connecticut, U.S.)
  • SGL Group (Wiesbaden, Germany)
  • Gurit Holding AG (Wattwil, Switzerland)
  • Park Electrochemical Corporation (Melville, U.S.)
  • Mitsubishi Rayon Co., Ltd. (Tokyo, Japan)
  • Axiom Materials (California, U.S.)

Research Coverage

This report covers the carbon fiber prepreg market and forecasts the market size till 2021. The report includes the market segmentation on the basis of resin type (epoxy, phenolic, bismaleimide (BMI), cyanate ester, thermoplastic, and others), application (aerospace & defense, automotive, sports & leisure, wind, and others), manufacturing process (hot melt and solvent dip), and region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). Porter’s five forces analysis along with drivers, restraints, opportunities, and challenges has been discussed in this report. It also provides company profiles and competitive strategies adopted by the key players in the carbon fiber prepreg market.

Reasons to Buy the Report:

The report will help market leaders/new entrants in the carbon fiber prepreg market in the following ways:

1. This report segments the carbon fiber prepreg market comprehensively and provides the closest approximations of revenues for the overall market and its subsegments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report helps stakeholders to understand their competitors and gain insights to enhance their businesses. The competitive landscape section includes competitors’ ecosystem, new product launches, agreements, expansions, and acquisitions.

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FEATURED COMPANIES

  • Axiom Materials
  • Dexcraft H.C.
  • HC Composite
  • Mitsubishi Rayon Co. Ltd.
  • SGL Group
  • Toray Industries Inc.
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the Carbon Fiber Prepreg Market, in Terms of Value, 2016-2021
4.2 Carbon Fiber Prepreg Market, By Resin Type
4.3 Carbon Fiber Prepreg Market, By End-Use Industry and Region
4.4 Carbon Fiber Prepreg Market, By Manufacturing Process
4.5 Carbon Fiber Prepreg Market Share (Value), By Country
4.6 Carbon Fiber Prepreg Market Size, By Country
4.7 Carbon Fiber Prepreg Market Size, By End-Use Industry

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Carbon Fiber Prepreg Market, By Resin Type
5.2.2 Carbon Fiber Prepreg Market, By Manufacturing Process
5.2.3 Carbon Fiber Prepreg Market, By End-Use Industry
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Demand for Lightweight Materials From the Automotive Industry
5.3.1.2 Growing Carbon Fiber Demand From the Wind Energy Industry
5.3.1.3 Increasing Demand for Carbon Fiber Prepreg From Boeing and Airbus
5.3.2 Restraints
5.3.2.1 High Processing and Manufacturing Cost
5.3.2.2 Issues Related to Recyclability
5.3.3 Opportunities
5.3.3.1 Reduction in the Cost of Carbon Fibers
5.3.3.2 Development of Advanced Software Tools for Carbon Fiber Prepreg Product Development
5.3.4 Challenges
5.3.4.1 High Research and Development Cost

6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Per Capita GDP vs Per Capita Carbon Fiber Prepreg Demand
6.4 Trends in the Aerospace & Defense Industry
6.5 Trends in the Automotive Industry
6.6 Trends in the Wind Energy Industry

7 Carbon Fiber Prepreg Market, By Resin Type
7.1 Introduction
7.2 Epoxy Resin
7.3 Phenolic Resin
7.4 BMI Resin
7.5 Cyanate Ester Resin
7.6 Thermoplastic Resin
7.7 Other Resins

8 Carbon Fiber Prepreg Market, By Manufacturing Process
8.1 Introduction
8.2 Hot Melt Process
8.3 Solvent DIP Process

9 Carbon Fiber Prepreg Market, By End-Use Industry
9.1 Introduction
9.2 Aerospace & Defense
9.3 Automotive
9.4 Sports & Leisure
9.5 Wind Energy
9.6 Others

10 Carbon Fiber Prepreg Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 France
10.3.2 Germany
10.3.3 U.K.
10.3.4 Italy
10.3.5 Spain
10.3.6 Austria
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 Australia
10.4.5 India
10.4.6 Malaysia
10.4.7 Rest of Asia-Pacific
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Rest of Latin America
10.6 ME&A
10.6.1 UAE
10.6.2 South Africa
10.6.3 Rest of ME&A

11 Competitive Landscape
11.1 Overview
11.2 Competitive Situation and Trends
11.3 Market Share Analysis
11.3.1 Cytec Solvay Group
11.3.2 Toray Industries
11.3.3 Teijin Ltd.
11.4 Recent Developments
11.4.1 Agreements, Contracts, Partnerships, and Joint Ventures
11.4.2 Expansions
11.4.3 New Product Launches
11.4.4 Acquisitions

12 Company Profiles
(Overview, Financial - , Products & Services, Strategy, and Developments)
12.1 Cytec Solvay Group
12.2 Hexcel Corporation
12.3 Royal Tencate N.V.
12.4 Teijin Limited
12.5 Toray Industries Inc.
12.6 Gurit Holding AG
12.7 SGL Group
12.8 Axiom Materials
12.9 Mitsubishi Rayon Co. Ltd.
12.10 Park Electrochemical Corporation
12.11 Other Key Players
12.11.1 HC Composite
12.11.2 Kineco Pvt. Ltd.
12.11.3 Unicarbon
12.11.4 Zyvex Technologies
12.11.5 TCR Composites
12.11.6 PRF Composite Materials
12.11.7 Triple H Composites
12.11.8 GMS Composites
12.11.9 Dexcraft H.C.
12.11.10 Cedar Composites
  • Details Might Not Be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide

List of Tables

Table 1 Carbon Fiber Prepreg Market Size (Value and Volume), 2014-2021
Table 2 Europe: New Passenger Vehicles Co2 Emissions By Manufacturer and Corresponding 2015 and 2020/21 Targets (G/Km)
Table 3 Trends and Forecast of GDP, 2015-2021 (USD Billion)
Table 4 Per Capita GDP vs Per Capita Carbon Fiber Prepreg Demand, 2015
Table 5 Number of New Airplane Deliveries, By Region, 2014
Table 6 Automotive Production, By Region/Country, 2011-2015 (Million Units)
Table 7 Wind Energy Installation, By Region/Country, 2011-2015 (MW)
Table 8 Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (Kiloton)
Table 9 Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (USD Million)
Table 10 Epoxy Resin-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (Kiloton)
Table 11 Epoxy Resin-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (USD Million)
Table 12 Phenolic Resin-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (Kiloton)
Table 13 Phenolic Resin-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (USD Million)
Table 14 BMI Resin-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (Kiloton)
Table 15 BMI Resin-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (USD Million)
Table 16 Cyanate Ester Resin-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (Kiloton)
Table 17 Cyanate Ester Resin-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (USD Million)
Table 18 Thermoplastic Resin-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (Kiloton)
Table 19 Thermoplastic Resin-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (USD Million)
Table 20 Other Resins-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (Kiloton)
Table 21 Other Resins-Based Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (USD Million)
Table 22 Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (Kiloton)
Table 23 Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (USD Million)
Table 24 Hot Melt Process Market Size, By Region, 2014-2021 (Kiloton)
Table 25 Hot Melt Process Market Size, By Region, 2014-2021 (USD Million)
Table 26 Solvent DIP Process Market Size, By Region, 2014-2021 (Kiloton)
Table 27 Solvent DIP Process Market Size, By Region, 2014-2021 (USD Million)
Table 28 Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 29 Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 30 Carbon Fiber Prepreg Market Size in Aerospace & Defense Industry, By Region, 2014-2021 (Kiloton)
Table 31 Carbon Fiber Prepreg Market Size in Aerospace & Defense Industry, By Region, 2014-2021 (USD Million)
Table 32 Carbon Fiber Prepreg Market Size in Automotive Industry, By Region, 2014-2021 (Kiloton)
Table 33 Carbon Fiber Prepreg Market Size in Automotive Industry, By Region, 2014-2021 (USD Million)
Table 34 Carbon Fiber Prepreg Market Size in Sports & Leisure Industry, By Region, 2014-2021 (Kiloton)
Table 35 Carbon Fiber Prepreg Market Size in Sports & Leisure Industry, By Region, 2014-2021 (USD Million)
Table 36 Carbon Fiber Prepreg Market Size in Wind Energy Industry, By Region, 2014-2021 (Kiloton)
Table 37 Carbon Fiber Prepreg Market Size in Wind Energy Industry, By Region, 2014-2021 (USD Million)
Table 38 Carbon Fiber Prepreg Market Size in Other Industries, By Region, 2014-2021 (Kiloton)
Table 39 Carbon Fiber Prepreg Market Size in Other Industries, By Region, 2014-2021 (USD Million)
Table 40 Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (Kiloton)
Table 41 Carbon Fiber Prepreg Market Size, By Region, 2014-2021 (USD Million)
Table 42 North America: Carbon Fiber Prepreg Market Size, By Country, 2014-2021 (Kiloton)
Table 43 North America: Carbon Fiber Prepreg Market Size, By Country, 2014-2021 (USD Million)
Table 44 North America: Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 45 North America: Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 46 North America: Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (Kiloton)
Table 47 North America: Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (USD Million)
Table 48 North America: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (Kiloton)
Table 49 North America: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (USD Million)
Table 50 Europe: Carbon Fiber Prepreg Market Size, By Country, 2014-2021 (Kiloton)
Table 51 Europe: Carbon Fiber Prepreg Market Size, By Country, 2014-2021 (USD Million)
Table 52 Europe: Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 53 Europe: Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 54 Europe: Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (Kiloton)
Table 55 Europe: Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (USD Million)
Table 56 Europe: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (Kiloton)
Table 57 Europe: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (USD Million)
Table 58 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Country, 2014-2021 (Kiloton)
Table 59 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Country, 2014-2021 (USD Million)
Table 60 Asia-Pacific: Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 61 Asia-Pacific: Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 62 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (Kiloton)
Table 63 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (USD Million)
Table 64 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (Kiloton)
Table 65 Asia-Pacific: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (USD Million)
Table 66 China: Annual Wind Installations, 2010-2015, (MW)
Table 67 Latin America: Carbon Fiber Prepreg Market Size, By Country, 2014-2021 (Kiloton)
Table 68 Latin America: Carbon Fiber Prepreg Market Size, By Country, 2014-2021 (USD Million)
Table 69 Latin America: Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 70 Latin America: Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 71 Latin America: Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (Kiloton)
Table 72 Latin America: Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (USD Million)
Table 73 Latin America: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (Kiloton)
Table 74 Latin America: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (USD Million)
Table 75 ME&A: Carbon Fiber Prepreg Market Size, By Country, 2014-2021 (Kiloton)
Table 76 ME&A: Carbon Fiber Prepreg Market Size, By Country, 2014-2021 (USD Million)
Table 77 ME&A: Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 78 ME&A: Carbon Fiber Prepreg Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 79 ME&A: Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (Kiloton)
Table 80 ME&A: Carbon Fiber Prepreg Market Size, By Resin Type, 2014-2021 (USD Million)
Table 81 ME&A: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (Kiloton)
Table 82 ME&A: Carbon Fiber Prepreg Market Size, By Manufacturing Process, 2014-2021 (USD Million)
Table 83 Agreements, Contracts, Partnerships, and Joint Ventures, 2012-2016
Table 84 Expansions, 2012-2016
Table 85 New Product Launches, 2012-2016
Table 86 Acquisitions, 2012-2016

List of Figures

Figure 1 Carbon Fiber Prepreg: Market Segmentation
Figure 2 Carbon Fiber Prepreg Market: Research Design
Figure 3 Key Industry Insights
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Epoxy Resin to Witness the Highest Growth in the Carbon Fiber Prepreg Market, 2016-2021
Figure 9 Hot Melt Manufacturing Process Dominated the Carbon Fiber Prepreg Market
Figure 10 Aerospace & Defense Dominated the Carbon Fiber Prepreg Market, By End-Use Industry
Figure 11 France to Be the Fastest-Growing Country in the Carbon Fiber Prepreg Market
Figure 12 North America to Be the Fastest-Growing Market for Carbon Fiber Prepreg
Figure 13 Attractive Opportunities in the Carbon Fiber Prepreg Market
Figure 14 Epoxy to Be the Fastest-Growing Type in the Carbon Fiber Prepreg Market
Figure 15 North America Dominates the Carbon Fiber Prepreg Market
Figure 16 Hot Melt Manufacturing Process to Dominate the Carbon Fiber Prepreg Market
Figure 17 The U.S. to Account for Major Share in the Carbon Fiber Prepreg Market
Figure 18 France to Witness the Highest Growth in the Carbon Fiber Prepreg Market
Figure 19 Aerospace & Defense End-Use Industry to Account for the Largest Market Size
Figure 20 Factors Governing the Carbon Fiber Prepreg Market
Figure 21 Relative GDP Growth Scenario of Key Economies
Figure 22 Per Capita GDP vs Per Capita Carbon Fiber Prepreg Demand, 2015
Figure 23 New Airplane Deliveries, By Region, 2014
Figure 24 Automotive Production in Key Countries, Million Units (2011 vs 2015)
Figure 25 Wind Energy Installed Capacity, By Region/Country, 2014-2015 (MW)
Figure 26 Epoxy Resin to Grow at A High Rate in the Carbon Fiber Prepreg Market, 2016-2021
Figure 27 North America to Drive the Epoxy Resin-Based Carbon Fiber Prepreg Market, 2016-2021
Figure 28 North America to Drive the Phenolic Resin-Based Carbon Fiber Prepreg Market (2016-2021)
Figure 29 North America to Drive the BMI Resin-Based Carbon Fiber Prepreg Market (2016-2021)
Figure 30 North America to Drive the Cyanate Ester Resin-Based Carbon Fiber Prepreg Market (2016-2021)
Figure 31 North America to Drive the Thermoplastic Resin-Based Carbon Fiber Prepreg Market (2016-2021)
Figure 32 North America to Drive the Others Resin-Based Carbon Fiber Prepreg Market
Figure 33 Hot Melt Manufacturing Process to Dominate the Carbon Fiber Prepreg Market Over the Next Five Years
Figure 34 Aerospace & Defense to Be the Largest and Automotive the Fastest-Growing End-Use Industryof the Carbon Fiber Prepreg Market
Figure 35 North America to Dominate the Carbon Fiber Prepreg Market in the Aerospace & Defense Industry
Figure 36 Europe Lead the Automotive End-Use Industry in the Carbon Fiber Prepreg Market
Figure 37 Asia-Pacific to Be the Fastest-Growing Carbon Fiber Prepreg Market in the Sports & Leisure Industry
Figure 38 Asia-Pacific Accounts for the Major Share of the Carbon Fiber Prepreg Market in the Wind Energy Industry
Figure 39 North America Accounts for the Major Share of the Carbon Fiber Prepreg Market in Other End-Use Industries
Figure 40 France and U.S. to Drive the Carbon Fiber Prepreg Market, 2016-2021
Figure 41 Carbon Fiber Prepreg Market Snapshot: U.S. is the Most Lucrative Market in North America
Figure 42 Carbon Fiber Prepreg Market Snapshot: Germany is the Fastest-Growing Market in Europe
Figure 43 Carbon Fiber Prepreg Market Snapshot: China to Be the Fastest-Growing Market in Asia-Pacific
Figure 44 Brazil is the Key Carbon Fiber Prepreg Market in Latin America (2016-2021)
Figure 45 UAE to Be the Fastest-Growing End-Use Industry for Carbon Fiber Prepreg in ME&A, (2016-2021)
Figure 46 Agreements, Contracts, Partnerships, & Joint Ventures is the Most Preferred Growth Strategy Adopted By Major Players Between 2012 and 2016
Figure 47 Market Development Matrix: 2014 Witnessed the Maximum Number of Developments, 2012-2016
Figure 48 Growth Strategies Adopted By Market Players in the Carbon Fiber Prepreg Market, 2012-2016
Figure 49 Cytec Solvay Group is the Largest Company in the Carbon Fiber Prepreg Market
Figure 50 Cytec Solvay Group: Company Snapshot
Figure 51 Cytec Solvay Group: SWOT Analysis
Figure 52 Hexcel Corporation: Company Snapshot
Figure 53 Hexcel Corporation: SWOT Analysis
Figure 54 Royal Tencate N.V.: Company Snapshot
Figure 55 Teijin Limited: Company Snapshot
Figure 56 Teijin Limited: SWOT Analysis
Figure 57 Toray Industries Inc.: Company Snapshot
Figure 58 Toray Industries Inc.: SWOT Analysis
Figure 59 Gurit Holding AG: Company Snapshot
Figure 60 SGL Group: Company Snapshot
Figure 61 SGL Group: SWOT Analysis
Figure 62 Park Electrochemical Corporation: Company Snapshot
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FEATURED COMPANIES

  • Axiom Materials
  • Dexcraft H.C.
  • HC Composite
  • Mitsubishi Rayon Co. Ltd.
  • SGL Group
  • Toray Industries Inc.
  • MORE

The carbon fiber prepreg market is projected to reach USD 7.20 Billion by 2021, at a CAGR of 11.0% during the forecast period, 2016 to 2021. Increasing use of carbon fiber prepregs in the aerospace & defense, automotive, and sports & leisure industries is expected to fuel the growth of the carbon fiber prepreg market during the forecast period. Moreover, long life of products manufactured using carbon fiber prepregs, their low maintenance requirements, urbanization taking place across the globe, economic growth of emerging economies, and development and launch of various innovative products are the key factors expected to lead towards the growth of the carbon fiber prepreg market from 2016 to 2021.

The carbon fiber prepreg market has been segmented on the basis of resin type, application, manufacturing process, and region. On the basis of resin type, the carbon fiber prepreg market has been segmented into epoxy, phenolic, bismaleimide (BMI), cyanate ester, thermoplastic, and others. The epoxy resin type segment of the carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period, as epoxy resin-based carbon fiber prepregs offer both, increased operational stability at high temperatures and pressures as well as improved impact resistance. They are cheaper as compared to other resins.

On the basis of application, the carbon fiber prepreg market has been segmented into aerospace & defense, automotive, sports & leisure, wind, and others. The aerospace & defense segment is leading the carbon fiber prepreg market, in terms of value and volume. Carbon fiber prepregs are lightweight and offer resistance to moisture, chemicals, and corrosion. They exhibit increased operational stability at high temperatures in comparison to materials made of other conventional materials, such as thermoset composites and metallic alloys. As such, carbon fiber prepregs are being increasingly used in the aerospace & defense industry.

On the basis of manufacturing process, the carbon fiber prepreg market has segmented into hot melt and solvent dip. The hot melt manufacturing process segment is leading the carbon fiber prepreg market, in terms of value and volume. The growth of the hot melt manufacturing process segment of the market can be attributed to the ability of hot melt manufacturing process to produce both, fabric and unidirectional carbon fiber prepregs.

The North America carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. Increasing demand for carbon fiber prepregs from the aerospace & defense and automotive industries of the region is fueling the growth of the North America carbon fiber prepreg market. Aerospace companies, such as Airbus S.A. (France) and Boeing (U.S.), among others use carbon fiber prepregs to manufacture commercial, combat, and cargo transport aircraft as carbon fiber prepregs are lightweight, easy to fabricate, and possess high tensile strength. They also offer increased resistance to chemicals and corrosion. In addition, increasing urbanization and industrialization, long life of products manufactured using carbon fiber prepregs, and their low maintenance requirements are the factors contributing towards growing demand for carbon fiber prepregs from various industries of the North American region. This, in turn, is leading towards the growth of the North America carbon fiber prepreg market.

The carbon fiber prepreg market is witnessing significant growth, in terms of value. However, high processing and manufacturing costs and issues related to the recyclability of carbon fiber prepregs are the major restraints to the growth of the carbon fiber prepreg market.

Companies, such as SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Toray Industries, Inc. (Tokyo, Japan), Teijin Limited (Osaka, Japan), Royal TenCate N.V. (Almeo, Netherlands), Hexcel Corporation (Connecticut, U.S.), Cytec Solvay Group (Brussels, Belgium), Mitsubishi Rayon Co., Ltd. (Tokyo, Japan), and Axiom Materials (California, U.S.), among others are the leading players in the carbon fiber prepreg market. They have been adopting various organic and inorganic growth strategies, such as agreements, new product launches, acquisitions, and expansions to enhance their shares and strengthen their position in the carbon fiber prepreg market.

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  • Axiom Materials
  • Cedar Composites
  • Cytec Solvay Group
  • Dexcraft H.C.
  • GMS Composites
  • Gurit Holding AG
  • HC Composite
  • Hexcel Corporation
  • Kineco Pvt. Ltd.
  • Mitsubishi Rayon Co. Ltd.
  • PRF Composite Materials
  • Park Electrochemical Corporation
  • Royal Tencate N.V.
  • SGL Group
  • TCR Composites
  • Teijin Limited
  • Toray Industries Inc.
  • Triple H Composites
  • Unicarbon
  • Zyvex Technologies
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