Growing Demand from Aerospace & Defense Sector Driving the Market
In the aerospace sector, prepregs provide a broad range of strong, light, and fire-retardant aerospace materials that are suited for interior or structural components, such as passenger and cargo floor panels, plenums, overhead compartments, trailing edges etc. Prepregs have revolutionized the number of applications in aerospace, as a consequence of a paradigm shift toward process and cost efficiency in manufacturing.
Aerospace & Defense the Dominating End-user Industry
Owing to their superior strength-to-weight ratio, a high demand for prepregs is expected from the aerospace sector. Prepregs (especially carbon prepregs) are increasingly being used to replace their metal counterparts to manufacture interior and exterior structures, as the specific strength and modulus of the former are higher than most metallic alloys. Increased expenditure on specialized military equipment in the defense sector, due to the current increase in defense budgets and the resurgence of global security threats in key nations, such as the United Kingdom, France, Japan, and several Middle Eastern countries, is expected to boost the demand for prepregs in the forecast period.
Asia-Pacific Dominating the Prepreg Market
Asia-Pacific is estimated to be the fastest-growing market for prepreg from 2018-23. The growth in the wind energy industry, large investment by government in aerospace & defense, and new product developments by various leading players are some of the factors leading to the growth of the prepreg market in the region. China is the largest market of prepreg in Asia-Pacific. Its consumption of prepreg has grown remarkably, due to growth in the wind energy, sporting goods, and aerospace & defense industries.
December 2017: Hexcel Corporation has expanded its existing supply agreement with Vestas Wind Systems to provide composite materials for new generation wind blades. Hexcel developed a new prepreg system specifically to meet the requirements for large thick structures, such as wind blades
Major Players: Axiom Materials, Teijin Limited, Hexcel Corporation, Toray Industries, Gurit Holding, SGL Carbon, and Mitsubishi Chemical Carbon Fiber & Composites amongst others.
Reason to Purchase this Report
To understand the impact of various product type on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating product type and end-user industry in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1.1 Growing demand from aerospace and defense sector
4.1.2 Growing demand from Wind sector
4.1.3 Increased adoption of carbon prepregs
4.2.1 Autoclave and maintenance constraints
4.3.1 Narrowing supply-demand gap
4.3.2 Technical advancements in prepreg product development
5. Market Segmentation and Analysis - (Market size, Growth, and Forecast)
5.1 By Resin Type
5.2 By Fiber Type
5.3 By End-user Industry
5.3.1 Aerospace & Defense
5.3.3 Electrical & Electronics
5.3.4 Wind Turbine
6. Regional Market 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 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
8.1 Axiom Materials Inc.
8.2 Composite Resources Inc.
8.3 Composites Inc.
8.4 Cytec Industries Incorporated
8.5 Gurit Holding
8.6 Hexcel Corporation
8.7 Holding Company Composite
8.8 Huntsman Corporation
8.9 Isola Group
8.10 Lewcott Corporation
8.11 Lingol Corporation
8.12 Mitsubishi Chemical Carbon Fiber and Composites
8.13 NACCO Aerospace
8.14 Park Electrochemical Corp.
8.15 Renegade Materials Corporation
8.16 Royal Tencate
8.17 SGL Carbon SE
8.18 Sunrez Corporation
8.19 Teijin Limited
8.20 Toray Industries Inc.
8.21 Ventec USA
8.22 Yokohama Aerospace America Inc.
8.23 Zoltek Companies
..List not exhaustive
**Subject to availability of public domain
- Axiom Materials Inc.
- Composite Resources Inc.
- Composites Inc.
- Cytec Industries Incorporated
- Gurit Holding
- Hexcel Corporation
- Holding Company Composite
- Huntsman Corporation
- Isola Group
- Lewcott Corporation
- Lingol Corporation
- Mitsubishi Chemical Carbon Fiber and Composites
- NACCO Aerospace
- Park Electrochemical Corp.
- Renegade Materials Corporation
- Royal Tencate
- SGL Carbon SE
- Sunrez Corporation
- Teijin Limited
- Toray Industries Inc.
- Ventec USA
- Yokohama Aerospace America Inc
- Zoltek Companies.