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Prepreg (Pre-Impregnated Composite Fibers) - Global Market Trajectory & Analytics

  • ID: 1882059
  • Report
  • February 2022
  • Region: Global
  • 632 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • APCM, LLC
  • Gurit Holding AG
  • Holding Company Composite
  • Park Aerospace Corp
  • Teijin Limited
  • Toray Industries, Inc.

Global Prepreg (Pre-Impregnated Composite Fibers) Market to Reach $6.9 Billion by 2026


The term prepreg is used to denote pre-impregnated composite fibers. Prepreg, a reinforcing material impregnated with a resin using a machine, is an intermediate material, which is processed into various shapes (like planks, wires, tapes, and rods). The shapes in turn serve as raw inputs to specialized parts fabricators, capable of molding and shaping the material into finished items using specialized equipment. The finished parts are subsequently sold to OEMs (original equipment manufacturers). A prepreg can therefore be considered as a combination of non-woven material, fabric, roving or mat with resin, which is generally cured to B-stage, ready for molding.

Prepregs are generally unidirectional (aligned) or are in the form of a fabric (multiaxial or woven). The resin system used is mostly an epoxy that offers a comprehensive range of properties. However, in motor sport and aerospace applications, higher performance resins such as vinyl ester and polyester systems can be used. The resin systems react quite slowly at room temperature with the chances of prepreg resins to be completely cured increasing upon their heating to a prescribed cure temperature. The accuracy of machinery that is utilized for combining fabric with resin system assures that the laminates produced through prepregs contain higher fiber and more consistent contents in comparison to the contents achieved using wet lay-up techniques. Moreover, this technology facilitates the use of strong and very tough resin systems with high viscosity. Prepregs contain a certain quantity of matrix material used for joining the prepreg together as well as combining the prepreg with other components during their process of manufacture.

Amid the COVID-19 crisis, the global market for Prepreg (Pre-Impregnated Composite Fibers) estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$6.9 Billion by 2026, growing at a CAGR of 5.6% over the analysis period. Carbon, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$4.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Glass segment is readjusted to a revised 4.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.3 Billion in 2021, While China is Forecast to Reach $1 Billion by 2026


The Prepreg (Pre-Impregnated Composite Fibers) market in the U.S. is estimated at US$1.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2026 trailing a CAGR of 8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Demand from various industries, especially automotive and aerospace, along with compelling properties of these materials will support growth in the global prepregs market. Adoption in automotive and aerospace applications is being fostered by the strong focus of companies on incorporating durable and light materials to make lightweight vehicles and push fuel efficiency. The market growth is supported by implementation of stringent regulations to improve fuel efficiency and reduce carbon emissions of vehicles, especially in Europe and North America. Based on their superior attributes such as high mechanical properties, strength and faster curing, prepregs find use in diverse applications across industries including automotive, military & defense, electronics, sporting goods and wind energy. In addition to witnessing rising demand from electronics and marine industries, these products are likely to gain from increasing adoption of lightweight materials for sports equipment. Continuing advances in electrical engineering and growing popularity of circuit boards are likely to provide a major push to the market. Prepregs are anticipated to find increasing use in the wind energy industry for enabling lightweight, durable wind turbine blades. The growing demand for prepregs from chemical research is expected to present new growth opportunities to market participants.

Moreover, space travel and orthopedic technologies are rapidly emerging as promising areas for prepregs, while production of motorsport vehicle gears is expected to push overall consumption of these materials. Ongoing efforts to develop advanced manufacturing and curing techniques are anticipated to positively influence the prepreg market. Technological advancements are also leading to further improvements in material characteristics and enabling reduced curing time and lowering cost of prepreg materials. Innovations and development of new products are also expected to contribute to expansion of the market. However, growth in the prepregs market is being impeded by the high cost of prepreg materials. High cost of prepregs in comparison to alternatives like aluminum along with low shelf-life is limiting product demand. Further constraints related to autoclaving and maintenance, and detection of damages and subsequent repairing are also impeding market prospects.

Aramid Segment to Reach $894.5 Million by 2026


In the global Aramid segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$546.2 Million in the year 2020 will reach a projected size of US$767.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$74.4 Million by the year 2026, while Latin America will expand at a 6.6% CAGR through the analysis period.

Select Competitors (Total 94 Featured) -

  • APCM, LLC
  • Axiom Materials, Inc.
  • Gurit Holding AG
  • Hexcel Corporation
  • Holding Company Composite
  • Isola Group
  • Mitsubishi Chemical Corporation
  • Park Aerospace Corp
  • SGL Group - The Carbon Company
  • Solvay SA
  • Taiwan First Li-Bond Co., Ltd.
  • Teijin Limited
  • Toray Advanced Composites
  • Toray Industries, Inc.
  • Zoltek Companies, Inc.
Frequently Asked Questions about the Global Market for Prepreg (Pre-Impregnated Composite Fibers)

What is the estimated value of the Global Market for Prepreg (Pre-Impregnated Composite Fibers)?

The Global Market for Prepreg (Pre-Impregnated Composite Fibers) was estimated to be valued at $5.1 Billion in 2020.

What is the growth rate of the Global Market for Prepreg (Pre-Impregnated Composite Fibers)?

The growth rate of the Global Market for Prepreg (Pre-Impregnated Composite Fibers) is 5.2%, with an estimated value of $6.9 Billion by 2026.

What is the forecasted size of the Global Market for Prepreg (Pre-Impregnated Composite Fibers)?

The Global Market for Prepreg (Pre-Impregnated Composite Fibers) is estimated to be worth $6.9 Billion by 2026.

Who are the key companies in the Global Market for Prepreg (Pre-Impregnated Composite Fibers)?

Key companies in the Global Market for Prepreg (Pre-Impregnated Composite Fibers) include APCM, LLC, Axiom Materials, Inc., Gurit Holding AG, Hexcel Corporation, Holding Company Composite, Isola Group, Mitsubishi Chemical Corporation, Park Aerospace Corp and The Carbon Company.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • APCM, LLC
  • Gurit Holding AG
  • Holding Company Composite
  • Park Aerospace Corp
  • Teijin Limited
  • Toray Industries, Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • An Introduction to Pre-Impregnated Composite Fibers (Prepregs)
  • Typical Properties of Prepreg Composites
  • Resins Used in Prepregs
  • Basic Forms of Prepregs
  • Manufacture of Prepregs
  • Thermosetting Prepreg Processes
  • Thermoplastic Prepregging Processes
  • Energy Intensity of Production Processes during Prepreg Manufacture
  • Applications of Prepregs
  • Global Prepregs Market Prospects and Outlook
  • Thermosetting Resins Hold Leading Market Share
  • Carbon Fiber Prepregs: The Most Widely Used Type
  • Aerospace & Defense Emerges as the Largest End-Use Market for Prepregs
  • North America and Europe Lead, China and Asia-Pacific Exhibit Fastest Growth
  • Impact of COVID-19
  • Prepreg (Pre-Impregnated Composite Fibers) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Recent Market Activity
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Aerospace Industry: COVID-19 Crisis Impacts Aviation Sector Affecting Growth Outlook for Prepregs
  • Global Fleet Size of Commercial Aircraft by Region (in Units) for the Years 2018 and 2038
  • Number of Gross Orders for Boeing and Airbus for the Period 2010-2019
  • Epoxy Prepreg: The Popular Resin Type
  • Aerospace MRO Market for Composite Components
  • Aircraft Interior Manufacturers Increasingly Rely on Composites
  • OAA Alternatives Emerge in Aerospace Composite Manufacturing
  • Potential Growth Opportunity for Prepregs Usage in Defense Applications
  • UAVs Offer Potential Growth Prospects for Prepregs
  • Emerging Space Exploration Missions to Augur Well for the Advanced Composites Market
  • Auto Industry’s Shift towards Fuel Efficient Vehicles Fuels Demand for Lightweight Composites, Benefiting Prepregs Market
  • World Automobile Production (in Million Units) for the Period 2008-2022
  • Auto Industry’s Focus on Lightweight Construction Drives Measures to Achieve CO2 Targets: OEM Fleet Target Development in the EU (in g CO2/km)
  • Performance Characteristics of Common Lightweight Materials
  • Switch to Electric Vehicles: Opportunity for Prepregs Market
  • Global EV Sales (In Million Units) for the Years 2019, 2025 & 2030
  • Advanced Resin Materials and Production Techniques Enable Mass Manufacture of Automotive Components
  • Advancements Aimed at Addressing Curing Time Hurdles
  • Growing Importance of Renewable Energy and Need to Harness Wind Energy Spurs Use of Prepregs in Turbines
  • Global Energy Generation Mix (in %) for 2018 and 2050
  • Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
  • Prepregs Hold Promise as Replacement for Resin-Infused Glass Fiber in Wind Blade Spar Caps
  • Need for Durable Recreational and Sports Goods & Equipment Augurs Well for Prepregs Market
  • Global Sports Equipment Market Size (in US$ Billion) for 2019, 2022 and 2025
  • Snow Skis: An Important Market for Prepregs
  • Marine Vessels Construction Moves towards Advanced Composites, Supports Prepregs Demand
  • Boat Industry Heralds the Arrival of Marine Composites
  • Carbon Fiber Prepregs Market: Superior Properties Support Growing Use in Key End-Use Markets
  • Aerospace & Defense, Automotive & Wind Energy: Major End-Use Sectors
  • Developed Regions Lead, Developing Regions to Fuel Long-term Growth
  • Challenges Facing Carbon Fiber Prepregs Market
  • Carbon Fiber Prepregs: A Intensely Competitive Market
  • Material Properties and Performance Benefits Support Demand for Thermoplastic Prepregs
  • Tow Prepregs Market: Market Growth Linked to Aerospace & Auto Industries
  • Glass Fiber Prepreg Market: An Overview
  • Non-Woven Glass Fiber Prepregs Continue to Find Increasing Use
  • Out-of-Autoclave Prepregs: A Small Yet Prominent Part of Overall Prepregs Market
  • Manufacturing Technology Advances Fuel Commodity Prepreg Applications
  • User-Friendly and Automated Prepreg Machines: Enabling Manufacture of High-Quality Prepregs
  • Chopped Prepreg Molding Compound Gains Popularity
  • Composite Tooling Prepreg Market: An Overview
  • Innovations Drive Improvements in Prepreg Efficiencies and Applications
  • A Glance at Select Innovations
  • High Cost of Recycling Prepregs Remains a Key Challenge for the Industry

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Prepregs Market in the US: An Overview
  • Reinforced Applications of Textile Glass Fiber Present Growth Potential

CANADA

JAPAN

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • An Insight into Chinese Glass Fiber Composites Market

EUROPE

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Carbon-Fiber Reinforced Thermoplastics to Offer Competition to Glass Fibers
  • Glass Fiber Reinforced Plastic (GRP) in Europe: Production Volume in Thousand Metric Tons for 2010-2018
  • European Glass Fiber Reinforced Plastic (GFRP) Production Breakdown (in %) by Country/ Region for 2018

FRANCE

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Indian Prepregs Market: An Overview

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Prepreg (Pre-Impregnated Composite Fibers) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 94
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • APCM, LLC
  • Axiom Materials, Inc.
  • Gurit Holding AG
  • Hexcel Corporation
  • Holding Company Composite
  • Isola Group
  • Mitsubishi Chemical Corporation
  • Park Aerospace Corp
  • SGL Group - The Carbon Company
  • Solvay SA
  • Taiwan First Li-Bond Co., Ltd.
  • Teijin Limited
  • Toray Advanced Composites
  • Toray Industries, Inc.
  • Zoltek Companies, Inc.
Note: Product cover images may vary from those shown