Global Prepreg Market 2021-2028 - Research and Markets

The global prepreg market is expected to rise with a CAGR of 9.19% in the estimated period 2021-2028.

The increased demand for prepregs by the aerospace industry is primarily driving the growth of the market. In addition, the efforts of manufacturers towards reducing carbon footprints along with the development of the wind energy market are further adding to the growth of the prepreg market.

On the contrary, the low shelf life of these materials compared to conventional resin fibers and their high cost are hindering the process of development. Besides, the complexities concerning the MRO requirements of prepregs are also another challenge to the market’s growth.

However, the rising usage towards using lightweight materials in sporting goods presents a lucrative opportunity for the adoption of prepregs. Also, an increased demand for carbon fiber prepregs is being seen, which is expected to aid the market reach the projected growth over the coming years.

REGIONAL OUTLOOK

The Middle East and Africa, Europe, Latin America, the Asia-Pacific, and North America together shape the global market for prepreg.

The market in the Asia-Pacific is expected to grow at the fastest rate, globally, over the forecasting period. The region comprises several developed as well as developing economies like China, Japan, Australia, India, and South Korea, among others. These emerging nations are witnessing rapid growth in urbanization and industrialization, with the increase in the middle-class population. These factors are aiding the demand for prepregs in the APAC. Further, the region also offers ample opportunities to the key players in the industry. This is also fostering the growth of the Asia-Pacific prepreg market.

COMPETITIVE OUTLOOK

Some of the major players operating in the prepreg market include Hexcel Corporation, Teijin Limited, Unicarbon, Cytec Solvay Group, SGL Group, Park Electrochemical Corp, Renegade Materials Corporation, Celanese, Axiom Materials, Mitsubishi Rayon Co Ltd, Gurit Holding AG, Royal Ten Cate NV, Ventec Group, Toray Industries Inc, and Zyvex Labs.

Cytec Solvay Group is a specialty chemicals and materials technology company. It produces plastics, resins, and composite materials, particularly for users in the aerospace industry. The company offers its prepreg products under the MTM®, HTM®, VTM®, CYCOM®, DForm®, and the CYFORM® brand series. In December 2015, Solvay completed the acquisition of Cytec for $5.5 billion. Cytec Solvay has a global presence, and conducts its business operations in North America, Europe, Latin America, Australia, and Asia.

Frequently Asked Questions about the Global Prepreg Market

What is the estimated value of the Global Prepreg Market?

The Global Prepreg Market was estimated to be valued at $6623 Million in 2021.

What is the growth rate of the Global Prepreg Market?

The growth rate of the Global Prepreg Market is 13.1%, with an estimated value of $12254.15 Million by 2026.

What is the forecasted size of the Global Prepreg Market?

The Global Prepreg Market is estimated to be worth $12254.15 Million by 2026.

Who are the key companies in the Global Prepreg Market?

Key companies in the Global Prepreg Market include Axiom Materials, Celanese, Cytec Solvay Group, Gurit Holding AG, Hexcel Corporation, Mitsubishi Rayon Co Ltd, Park Electrochemical Corp, Renegade Materials Corporation and Sgl Group.

Report Attribute	Details
No. of Pages	235
Published	November 2021
Forecast Period	2021 - 2026
Estimated Market Value ( USD ) in 2021	$ 6623 Million
Forecasted Market Value ( USD ) by 2026	$ 12254.15 Million
Compound Annual Growth Rate	13.1%
Regions Covered	Global

1. Global Prepreg Market - Summary

2. Industry Outlook

2.1. Impact of Covid-19 on the Prepreg Industry
2.2. Key Insights
2.2.1. Ease of Handling
2.2.2. Advances in Manufacturing Processes
2.2.3. Rising Number of Strategic Developments by Manufacturers
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Industry Components
2.7. Key Market Strategies
2.7.1. Acquisitions
2.7.2. Product Launches
2.7.3. Partnerships
2.7.4. Business Expansions
2.8. Market Drivers
2.8.1. Demand from the Aerospace Industry
2.8.2. Automotive Manufacturers Aiming at Reducing Carbon Footprints
2.8.3. Evolving Wind Energy Market
2.9. Market Challenges
2.9.1. Low Shelf Life Compared to Conventional Resin Fibers
2.9.2. High Costs Associated With Prepregs
2.9.3. Complexities in Maintenance, Repair, and Overhaul (Mro) Requirements
2.10. Market Opportunities
2.10.1. Growing Interest Toward Using Lightweight Materials in Sporting Goods
2.10.2. Increased Demand for Carbon Fiber Prepregs

3. Global Prepreg Market Outlook - by Resin Type

3.1. Thermoset
3.2. Thermoplastic

4. Global Prepreg Market Outlook - by Manufacturing Process

4.1. Hot Melt
4.2. Solvent Dip

5. Global Prepreg Market Outlook - by Reinforcement Type

5.1. Carbon Fiber
5.2. Glass Fiber
5.3. Aramid Fiber

6. Global Prepreg Market Outlook - by Applications

6.1. Aerospace & Defence
6.2. Wind Energy
6.3. Automotive
6.4. Sporting Goods
6.5. Pcb & Other Application

7. Global Prepreg Market - Regional Outlook

7.1. North America
7.1.1. Market by Resin Type
7.1.2. Market by Manufacturing Process
7.1.3. Market by Reinforcement Type
7.1.4. Market by Applications
7.1.5. Country Analysis
7.1.5.1. United States
7.1.5.2. Canada
7.2. Europe
7.2.1. Market by Resin Type
7.2.2. Market by Manufacturing Process
7.2.3. Market by Reinforcement Type
7.2.4. Market by Applications
7.2.5. Country Analysis
7.2.5.1. United Kingdom
7.2.5.2. Germany
7.2.5.3. France
7.2.5.4. Italy
7.2.5.5. Spain
7.2.5.6. Russia
7.2.5.7. Rest of Europe
7.3. Asia-Pacific
7.3.1. Market by Resin Type
7.3.2. Market by Manufacturing Process
7.3.3. Market by Reinforcement Type
7.3.4. Market by Applications
7.3.5. Country Analysis
7.3.5.1. China
7.3.5.2. Japan
7.3.5.3. India
7.3.5.4. South Korea
7.3.5.5. Asean Countries
7.3.5.6. Australia and New Zealand
7.3.5.7. Rest of Asia-Pacific
7.4. Latin America
7.4.1. Market by Resin Type
7.4.2. Market by Manufacturing Process
7.4.3. Market by Reinforcement Type
7.4.4. Market by Applications
7.4.5. Country Analysis
7.4.5.1. Brazil
7.4.5.2. Mexico
7.4.5.3. Rest of Latin America
7.5. Middle East and Africa
7.5.1. Market by Resin Type
7.5.2. Market by Manufacturing Process
7.5.3. Market by Reinforcement Type
7.5.4. Market by Applications
7.5.5. Country Analysis
7.5.5.1. United Arab Emirates
7.5.5.2. Turkey
7.5.5.3. Saudi Arabia
7.5.5.4. South Africa
7.5.5.5. Rest of Middle East & Africa

8. Competitive Landscape

8.1. Axiom Materials
8.2. Celanese
8.3. Cytec Solvay Group
8.4. Gurit Holding AG
8.5. Hexcel Corporation
8.6. Mitsubishi Rayon Co Ltd
8.7. Park Electrochemical Corp
8.8. Renegade Materials Corporation
8.9. Royal Ten Cate Nv
8.10. Sgl Group
8.11. Teijin Limited
8.12. Toray Industries Inc
8.13. Unicarbon
8.14. Ventec Group
8.15. Zyvex Labs

9. Research Methodology & Scope

9.1. Research Scope & Deliverables
9.2. Sources of Data
9.3. Research Methodology

Table List

Table 1: Global Prepreg Market, by Geography, 2021-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: List of Acquisitions
Table 4: List of Product Launches
Table 5: List of Partnerships & Agreements
Table 6: List of Business Expansions
Table 7: Global Prepreg Market, by Resin Type, 2021-2028 (In $ Million)
Table 8: Global Prepreg Market, by Manufacturing Process, 2021-2028 (In $ Million)
Table 9: Global Prepreg Market, by Reinforcement Type, 2021-2028 (In $ Million)
Table 10: Global Prepreg Market, by Applications, 2021-2028 (In $ Million)
Table 11: Global Prepreg Market, Regional Outlook, 2021-2028 (In $ Million)
Table 12: North America Prepreg Market, Country Outlook, 2021-2028 (In $ Million)
Table 13: North America Prepreg Market, by Resin Type, 2021-2028 (In $ Million)
Table 14: North America Prepreg Market, by Manufacturing Process, 2021-2028 (In $ Million)
Table 15: North America Prepreg Market, by Reinforcement Type, 2021-2028 (In $ Million)
Table 16: North America Prepreg Market, by Applications, 2021-2028 (In $ Million)
Table 17: Europe Prepreg Market, Country Outlook, 2021-2028 (In $ Million)
Table 18: Europe Prepreg Market, by Resin Type, 2021-2028 (In $ Million)
Table 19: Europe Prepreg Market, by Manufacturing Process, 2021-2028 (In $ Million)
Table 20: Europe Prepreg Market, by Reinforcement Type, 2021-2028 (In $ Million)
Table 21: Europe Prepreg Market, by Applications, 2021-2028 (In $ Million)
Table 22: Asia-Pacific Prepreg Market, Country Outlook, 2021-2028 (In $ Million)
Table 23: Asia-Pacific Prepreg Market, by Resin Type, 2021-2028 (In $ Million)
Table 24: Asia-Pacific Prepreg Market, by Manufacturing Process, 2021-2028 (In $ Million)
Table 25: Asia-Pacific Prepreg Market, by Reinforcement Type, 2021-2028 (In $ Million)
Table 26: Asia-Pacific Prepreg Market, by Applications, 2021-2028 (In $ Million)
Table 27: Latin America Prepreg Market, Country Outlook, 2021-2028 (In $ Million)
Table 28: Latin America Prepreg Market, by Resin Type, 2021-2028 (In $ Million)
Table 29: Latin America Prepreg Market, by Manufacturing Process, 2021-2028 (In $ Million)
Table 30: Latin America Prepreg Market, by Reinforcement Type, 2021-2028 (In $ Million)
Table 31: Latin America Prepreg Market, by Applications, 2021-2028 (In $ Million)
Table 32: Middle East and Africa Prepreg Market, Country Outlook, 2021-2028 (In $ Million)
Table 33: Middle East and Africa Prepreg Market, by Resin Type, 2021-2028 (In $ Million)
Table 34: Middle East and Africa Prepreg Market, by Manufacturing Process, 2021-2028 (In $ Million)
Table 35: Middle East and Africa Prepreg Market, by Reinforcement Type, 2021-2028 (In $ Million)
Table 36: Middle East and Africa Prepreg Market, by Applications, 2021-2028 (In $ Million)

Figure List

Figure 1: Market Attractiveness Index
Figure 2: Worldwide Automotive (Cars & Commercial Vehicles) Production, 2015-2020 (In Million)
Figure 3: Global Prepreg Market, by Resin Type, 2020 & 2028 (In %)
Figure 4: Global Prepreg Market, by Thermoset, 2021-2028 (In $ Million)
Figure 5: Global Prepreg Market, by Thermoplastic, 2021-2028 (In $ Million)
Figure 6: Global Prepreg Market, by Manufacturing Process, 2020 & 2028 (In %)
Figure 7: Global Prepreg Market, by Hot Melt, 2021-2028 (In $ Million)
Figure 8: Schematic of Hot Melt Process
Figure 9: Global Prepreg Market, by Solvent Dip, 2021-2028 (In $ Million)
Figure 10: Schematic of Solvent Dip Process
Figure 11: Global Prepreg Market, by Reinforcement Type, 2020 & 2028 (In %)
Figure 12: Global Prepreg Market, by Carbon Fiber, 2021-2028 (In $ Million)
Figure 13: Global Prepreg Market, by Glass Fiber, 2021-2028 (In $ Million)
Figure 14: Global Prepreg Market, by Aramid Fiber, 2021-2028 (In $ Million)
Figure 15: Global Prepreg Market, by Applications, 2020 & 2028 (In %)
Figure 16: Global Prepreg Market, by Aerospace & Defence, 2021-2028 (In $ Million)
Figure 17: Global Prepreg Market, by Wind Energy, 2021-2028 (In $ Million)
Figure 18: Global Prepreg Market, by Automotive, 2021-2028 (In $ Million)
Figure 19: Global Prepreg Market, by Sporting Goods, 2021-2028 (In $ Million)
Figure 20: Global Prepreg Market, by Pcb & Other Applications, 2021-2028 (In $ Million)
Figure 21: Global Prepreg Market, Regional Outlook, 2020 & 2028 (In %)
Figure 22: United States Prepreg Market 2021-2028 (In $ Million)
Figure 23: Canada Prepreg Market 2021-2028 (In $ Million)
Figure 24: United Kingdom Prepreg Market 2021-2028 (In $ Million)
Figure 25: Germany Prepreg Market 2021-2028 (In $ Million)
Figure 26: France Prepreg Market 2021-2028 (In $ Million)
Figure 27: Spain Prepreg Market 2021-2028 (In $ Million)
Figure 28: Italy Prepreg Market 2021-2028 (In $ Million)
Figure 29: Russia Prepreg Market 2021-2028 (In $ Million)
Figure 30: Rest of Europe Prepreg Market 2021-2028 (In $ Million)
Figure 31: China Prepreg Market 2021-2028 (In $ Million)
Figure 32: Japan Prepreg Market 2021-2028 (In $ Million)
Figure 33: India Prepreg Market 2021-2028 (In $ Million)
Figure 34: South Korea Prepreg Market 2021-2028 (In $ Million)
Figure 35: Asean Countries Prepreg Market 2021-2028 (In $ Million)
Figure 36: Australia & New Zealand Prepreg Market 2021-2028 (In $ Million)
Figure 37: Rest of Asia-Pacific Prepreg Market 2021-2028 (In $ Million)
Figure 38: Brazil Prepreg Market 2021-2028 (In $ Million)
Figure 39: Mexico Prepreg Market 2021-2028 (In $ Million)
Figure 40: Rest of Latin America Prepreg Market 2021-2028 (In $ Million)
Figure 41: United Arab Emirates Prepreg Market 2021-2028 (In $ Million)
Figure 42: Saudi Arabia Prepreg Market 2021-2028 (In $ Million)
Figure 43: Turkey Prepreg Market 2021-2028 (In $ Million)
Figure 44: South Africa Prepreg Market 2021-2028 (In $ Million)
Figure 45: Rest of Middle East & Africa Prepreg Market 2021-2028 (In $ Million)