Global Carbon Prepreg Market - Segmented by Type, by End-user Industry, and Geography - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4515612
  • Report
  • Region: Global
  • 139 pages
  • Mordor Intelligence
until Mar 31st 2019
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  • ACP Composites
  • Composite Resources
  • Hexcel Corporation
  • Lingol Corporation
  • Renegade Materials
  • Toray Industries Inc.
  • MORE
The global carbon prepreg market is expected to register a moderate growth during 2018 to 2023 (the forecast period­). North America dominated the market with a share of around 27%, followed by Europe and Asia-Pacific in 2017.

Increasing Demand from the Aerospace & Defense Sector

The increasing demand from the aerospace & defense sector is one of the major drivers for the growth of the carbon prepreg market. In the aerospace industry, carbon prepregs provide better thermal resistance, anti-corrosive properties, high tensile strength, reduced weight, and ease of molding into various shapes. Due to these specific properties, carbon fiber prepreg is chosen for primary and secondary structures of aircraft interiors, wind turbine blades, bicycle frames, golf shafts, tennis rackets, and others. The use of these prepregs in the interiors of major aircraft carriers, like Boeing and Airbus, among other prominent commercial aircraft is driving the the market during the forecast period. Furthermore, several prepreg manufacturers are signing agreements with aircraft manufacturers to cater to the increasing demand from aerospace & defense applications, which are expected to drive the demand for carbon prepreg, globally, over the forecast period.

Growing Demand from the Wind Energy Sector

Wind energy has undergone a paradigm shift, due to the efforts that have been made to reduce pollution from power generation. Although wind energy has been in use for many decades, the use of carbon prepregs has the potential to change the scenario altogether. Carbon prepregs, due to its properties, such as being lightweight, strength, and stiffness, are preferred by turbine manufacturers for manufacturing wind turbine blades. Thermoset prepregs are extensively used to manufacture wind turbine blades. Hence, the growing popularity of carbon prepregs in the wind energy sector is expected to boost the demand for carbon prepreg globally over the forecast period.

North America to Dominate the Market

North America dominated the carbon prepreg market, contributing to a share of around 27% in 2017. The aerospace & defense sector is the one of the promising sectors in the region. In defense applications, prepregs are used in ballistic and blast protection systems in armored vehicles and structural components for vehicles in the United States. In addition, major players in the United States are planning to increase their investments for the development of carbon prepregs, for use in newer applications in the energy sector, which is expected to increase the consumption of carbon prepregs in the coming years. Hence, the increased emphasis on the aerospace & defense sector, along with the growth of other end-users across the region, is expected to augment the growth of the global carbon prepreg market over the forecast market.

Notable Developments in the Market

October 2017: Hexcel Corporation completed the acquisition of Structil SA, a French manufacturer and supplier of high-performance composites to the aerospace, defense, and industrial markets.

December 2017: Hexcel acquired the Oxford Performance Material’s Aerospace & Defense Business.

Major Players: ACP Composites, Hexcel Corporation, Toray Industries, Inc., SGL Group—The Carbon Company, and Mitsubishi Rayon Co. Ltd, amongst others.

Reason to Purchase this Report

Current and future global carbon prepeg market outlook in the developed and emerging markets

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

Segment that is expected to dominate the market

Regions that are 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 months analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

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Note: Product cover images may vary from those shown
2 of 5


  • ACP Composites
  • Composite Resources
  • Hexcel Corporation
  • Lingol Corporation
  • Renegade Materials
  • Toray Industries Inc.
  • MORE
1. Introduction
1.1 Research Phases
1.2 Scope of the Report
1.3 Study Deliverables

2. Executive Summary

3. Market Insight
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 Raw Material Analysis
3.4 Patent Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Lightest 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 Demand from the Aerospace & Defense Sector
4.2 Constraints
4.2.1 Storage Temperature Restrictions
4.2.2 Autoclave and Maintenance Constraint
4.2.3 Other Constraints
4.3 Opportunities
4.3.1 Increasing focus on Research
4.3.2 Increasing Applications in Electronics & Automotive
4.3.3 Stricter Emission Norms

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Resin Type
5.1.1 Thermosetting
5.1.2 Thermoplastic
5.2 By End-user Industry
5.2.1 Aerospace & Defense
5.2.2 Energy
5.2.3 Automotive
5.2.4 Leisure
5.2.5 Electronics
5.2.6 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 France
6.2.4 Italy
6.2.5 NORDIC Countries
6.2.6 Rest of Europe
6.3 North America
6.3.1 United States
6.3.2 Canada
6.3.3 Mexico
6.3.4 Rest of North America
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Qatar
6.5.4 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape
8.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
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
9.9 Lewcott
9.10 Lingol Corporation
9.11 Mitsubishi Rayon Co. Ltd
9.12 NACCO Aerospace
9.13 Park Electrochemical Corp.
9.14 Renegade Materials
9.15 Royal Ten Cate NV
9.16 SGL Group—The Carbon Company
9.17 Teijin Limited
9.18 Toray Industries Inc.
9.19 Ventec USA
9.20 Yokohoma Aerospace
9.21 Zoltek Companies
9.22 Zyvex Technologies
*List not Exhaustive

10. Disclaimer
** Subject to availability on public Domain
Note: Product cover images may vary from those shown
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4 of 5
  • ACP Composites
  • Axiom Materials
  • Composite Holding Company
  • Composite Resources
  • Cytec Industries Inc.
  • Gurit Holding Ag
  • Hexcel Corporation
  • Isola Group
  • Lewcott
  • Lingol Corporation
  • Mitsubishi Rayon Co. Ltd
  • NACCO Aerospace
  • Park Electrochemical Corp.
  • Renegade Materials
  • Royal Ten Cate NV
  • SGL Group—The Carbon Company
  • Teijin Limited
  • Toray Industries Inc.
  • Ventec USA
  • Yokohoma Aerospace
  • Zoltek Companies
  • Zyvex Technologies
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown