There exists a wide variety of potential and existing applications for carbon prepregs. Some of the carbon prepreg applications are still in developmental stage whereas others are already industrialized and commercialized. Carbon prepregs are used in aerospace, defense, automotive, sports goods, leisure equipment, electricals, electronics, and other industries. They are basically used wherever there is a requirement for high strength and lightweight. Aerospace and defense form the major segments in terms of revenue as the carbon fiber usage is high. The aerospace industry accounted for more than 25% share of the global carbon prepreg market in 2015.
The property of being the commercially lightest available material drives the growth of this market. The market is expected to be driven by the huge investments in the energy sector, especially wind energy sector. Carbon fiber reinforced plastic (CFRP) being the lightest commercially material available, is used in the manufacturing of propellers for windmills. CFRP is typically four times lighter than the steel, tensile strength being the same. Even though CFRP components can be made with other raw materials like carbon threads, prepregs are majorly employed due to the ease of working with them. CFRP components are finding their usage ever increasing in defense, aviation and high performance automotive applications where lightness is more important than cost. However, the cost of the carbon fiber is still high for the large-scale usage. Some technologies also make it compulsory to have storage solutions with low temperature to increase the life of the product. Autoclave, that is used to cure the components made from prepreg and its maintenance costs add a high amount of cost to the manufacturing of final components.
The market has been segmented by resin type and industrial sector. Based on resin type the market is segmented into thermoplastic and thermosetting. Thermosetting forms a major part of the market. Based on industry, the market is segmented into aerospace and defense, energy, automotive, leisure, electronics and others. The major market share is held by aerospace and defense segments. Lightweight and stiff materials are very important in aerospace and defense industry for efficient operations. Cost not being a barrier, carbon prepregs are majorly used in making components in this industry.
The market has also been geographically segmented into APAC, North America, Europe, South America, and MEA. In terms of consumption in 2015, North America led the market with a share of 27%. It was followed by Europe and APAC. The U.S. defense and NASA are the largest consumers of the carbon fiber in the world and are responsible for the high market share of North America. Boeing, a major aircraft manufacturer is based in U.S. of North America. Europe has a large number of automotive manufacturers and automotive racing organizations like Lamborghini, Ferrari, McLAREN, BMW, Formula 1 teams that employ carbon fiber components extensively. Airbus, based in France also uses carbon fiber in its aircrafts.
The company profiles of the major carbon prepreg manufacturers that have been discussed in this study are:
- ACP Composites
- Axiom Materials
- Composite Holding Company
- Mitsubishi Rayon Co. Ltd.
- NACCO Aerospace
- Park Electrochemical Corp.
- Royal Ten Cate N.V.
- Toray Industries Inc.
- Ventec USA
- Zyvex Technologies
Analysis for the global carbon prepreg market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global carbon prepreg market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Market Definition
2. Executive Summary
3. Market Insights
3.2 Industry Value Chain Analysis
3.3 Regulatory Policies Analysis
3.4 Industry Attractiveness Porters 5 Force Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Consumers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
3.5 Raw Material Analysis
3.6 Patent Analysis
4. Market Dynamics
4.1.1 Lightest of the Commercially Available Materials
4.1.2 Emphasis on Green Energy Sources (Wind Energy Sector)
4.1.3 Preferred material for CFRP components
4.1.4 Growing Defense, Aviation and Automotive use
4.2.1 High Price of carbon fiber
4.2.2 Storage Temperature Restrictions
4.2.3 Autoclave and Maintenance Constraints
4.3.1 Rising focus on Research
4.3.2 Increasing Applications in Electronics & Automotive
4.3.3 Stricter Emission Norms
5. Market Segmentation and Analysis
5.1 By Resin type
5.2 By End-User Industry
5.2.1 Aerospace & Defense
6. Regional Analysis (Market size, growth and forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Nordic Countries
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of MEA
7. Technological Snapshot
7.1 Current Technologies
7.2 Upcoming Technologies
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations and Agreements
8.3 Vendor Market Share Analysis
8.4 Strategies Adopted by Leading Players
8.5 New Product Launches
9. Company Profiles
9.1 ACP Composites
9.2 Axiom Materials
9.3 Composite Holding Company
9.4 Composite Resources
9.5 Cytec Industries, Inc.
9.6 Gurit Holding Ag
9.7 Hexcel Corporation
9.8 Isola Group
9.10 Lingol Corporation
9.11 Mitsubishi Rayon Co. Ltd.
9.12 NACCO Aerospace
9.14 Park Electrochemical Corp.
9.15 Renegade Materials
9.16 Royal Ten Cate N.V.
9.17 SGL Groupâ€”The Carbon Company
9.19 Teijin Limited
9.20 Toray Industries, Inc.
9.21 Ventec USA
9.22 Yokohoma Aerospace
9.23 Zoltek Companies
9.24 Zyvex Technologies
10. Future Insights