Global Prepreg Market Analysis–Trends, Insights and Forecasts (2021-2027)

  • Publish Date
    April 6, 2022
  • No of Pages
    380
  • SKU Code
    GIR 8054
  • Format

Global Prepreg market – Overview

  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Global Prepreg market ” by various segments at a global and regional level for the 2014-2027 period, with 2014-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

Global Prepreg market – Introduction

  • 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. Prepreg is being used in the aerospace & defense, wind energy, automotive, sporting goods, electronics, and other end-use industries. The increasing wind energy projects and demand of lightweight material from automotive industry support the demand for prepreg in the wind energy and automotive end-use industry.

Report Includes

  • The report provides a basic overview of the industry including definitions, classifications and industry chain structure.
  • A brief overview of the commercial potential of products, technologies and applications.
  • Description of properties and manufacturing processes.
  • Discussion of the current state, setbacks, innovations, and the future needs of the market.
  • Detailed discussion regarding impact of product on demand
  • Up-to-date analyses of market trends and technological improvements in the market
  • Examination of the market by application and by product sizes; utility scale, medium scale and small scale.
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • Coverage of historical overview, key industrial development and regulatory framework.
  • To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market

Global Prepreg market Report Scope

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2020 as the base year, 2021 as the estimate year and forecast for 2027 with projection of CAGR from 2021 to 2027.
  • The report covers discussion of economic trends and technology.
  • Market estimates represent revenue.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope.
Attribute Details
Market size available for years 2014–2027
Base year considered 2020
Forecast period 2021–2027
Historical period 2014-2019
Forecast units Value (USD) & Volume (Million Units)
Segmentation By Regions
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
By Countries
United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Indonesia, Malaysia, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Brazil, Argentina, Mexico, South Africa and 54 Others.
By  Fiber Type
Carbon Fiber, Glass Fiber and Aramid Fiber.
By Resin Type
Thermoset and Thermoplastic.
By Form
Tow Prepreg  and Fabric Prepreg.
By Application
Aerospace & Defense, Automotive, Wind Energy, Sporting Goods, Electronics and Others.
Companies covered   APCM, LLC; Axiom Materials, Inc.; Cytec Industries; Gurit Holding AG; Hexcel Corporation; Holding Company Composite; Isola Group; Mitsubishi Chemical Corporation; Park Aerospace Corp; Plastic Reinforcement Fabrics Ltd.;  Royal Ten Cate NV; SGL Group – The Carbon Company; Solvay SA; Taiwan First Li-Bond Co., Ltd.; Teijin Limited; Toray Industries, Inc.; Zoltek Companies, Inc. and Others.

Segments Covered in Global Prepreg market

  • The global Prepreg market is divided into different segments on the basis of fiber type, resin type, form, Application, and region. The Prepreg market segment on the basis of fiber type includes Carbon Fiber, Glass Fiber and Aramid Fiber. On the basis of resin type, the Prepreg market segment comprises a Thermoset and Thermoplastic. The global Prepreg market segment by the form involves Tow Prepreg and Fabric Prepreg.
  • The global Prepreg market segment by the Application involves Aerospace & Defense, Automotive, Wind Energy, Sporting Goods, Electronics and many other sectors.
  • The global Prepreg market segment on the basis of region includes Europe, Asia-Pacific, North America, and other parts of the world.
  • North America accounted for the highest market share of 39% in 2019 and is estimated to grow further at a significant CAGR from 2021 to 2027. This growth is attributed to the rapidly expanding aerospace industry in North America. The region is expected to cater to nearly one-third of the global operational fleet demand, resulting in an increased production of airframe and aircraft parts over the period.

Covid-19 Impact on the Global Prepreg market

  • The COVID-19 outbreak drastically altered the demand for prepreg materials across the globe due to a decline in demand from the automotive and aerospace & defense industries. The pandemic has abruptly interrupted the operations and global supply chain across various industries, which in turn has slowed down the growth of the prepreg market.
  • Prepreg is majorly used in the aerospace sector. However, the aerospace sector had shut down the operations due to lockdown. This led to high decline in the prepreg market.
  • Electrical industry is also highly impacted by the COVID-19 outbreak. Prepreg is used as insulating material in circuit board, and in lockdown all manufacturing units were closed, which limited the demand for prepreg in the market.

Recent Developments in Global Prepreg market

  • In February 2020, Solvay Launched CYCOM EP2750, a high rate compression molding prepreg, especially for aerospace primary structures. This technology combines advanced continuous fiber prepreg materials.
  • In March 2018, Toray Industries, Inc. acquired TenCate Advanced Composites Holding B.V. (Netherlands), a manufacturer and distributor of carbon fiber composite materials. TenCate was named Toray Advanced Composites after the acquisition.

Key Market Players in Global Prepreg market

  • The major players in the Global Prepreg market are APCM, LLC; Axiom Materials, Inc.; Cytec Industries; Gurit Holding AG; Hexcel Corporation; Holding Company Composite; Isola Group; Mitsubishi Chemical Corporation; Park Aerospace Corp; Plastic Reinforcement Fabrics Ltd.; Royal Ten Cate NV; SGL Group – The Carbon Company; Solvay SA; Taiwan First Li-Bond Co., Ltd.; Teijin Limited; Toray Industries, Inc.; Zoltek Companies, Inc. and Others.
  • Also, the Prepreg market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Objectives of the Global Prepreg market Study

  • To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the Global Prepreg market.
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies.
  • To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total Global Prepreg market.
  • To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the Global Prepreg market.
  • A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.

 Note

 

  • Global Industry Reports will also support you post-purchase for a period of 6 months to answer any of your queries related to the following market and to provide you any more data if you need, for your analysis.
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INTRODUCTION

Objectives of the study

Global Prepreg market definition

Global Prepreg market scope

Global Prepreg market Stakeholders

Global Prepreg market Limitations

Summary of changes

RESEARCH METHODOLOGY

Research data

Secondary data

Primary data

Global Prepreg market size estimation

Global Prepreg market breakdown & data triangulation

Global Prepreg market share analysis

Global Prepreg market Risk assessment/limitations

Assessment of the impact of covid-19 on the economic scenario

EXECUTIVE SUMMARY

GLOBAL PREPREG MARKET OUTLOOK / MARKET OVERVIEW

Introduction

Market dynamics

Market drivers

Countries

Market restraints

Opportunities

Focus of industry players on offering improved customer services

Challenges

Rise in collaboration activities among industry players.

INDUSTRY INSIGHTS

Introduction

Industry trends

Strategic benchmarking

Pricing analysis

Value chain analysis

Ecosystem analysis

Patent analysis

Trade analysis

IMPACT OF COVID-19 ON THE GLOBAL PREPREG MARKET

GLOBAL PREPREG MARKET BY FIBER TYPE

Carbon Fiber

Glass Fiber

Aramid Fiber

GLOBAL PREPREG MARKET BY FORM

Tow Prepreg

Fabric Prepreg

GLOBAL PREPREG MARKET BY RESIN TYPE

Thermoset

Thermoplastic

GLOBAL PREPREG MARKET BY APPLICATION

Aerospace & Defense

Automotive

Wind Energy

Sporting Goods

Electronics

and Others

GLOBAL PREPREG MARKET BY GEOGRAPHY

Overview

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Rest of the World

Latin America

Middle East & Africa

GLOBAL PREPREG MARKET COMPETITIVE LANDSCAPE

Introduction

Footprint analysis of the top players in the global Prepreg market

Product & service portfolio matrix

Market share analysis

Company evaluation quadrant

Company evaluation quadrant for start-ups/smes

Competitive scenario

COMPANY PROFILES

(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  1. APCM, LLC.
  2. Axiom Materials
  3. Cytec Industries.
  4. Gurit Holding AG
  5. Hexcel Corporation
  6. Mitsubishi Chemical Holdings Corporation
  7. Park Aerospace Corp.
  8. Plastic Reinforcement Fabrics Ltd.
  9. Royal Ten Cate
  10. SGL Group
  11. Solvay Group
  12. Teijin Limited
  13. Toray Industries, Inc.
  14. Zoltek Companies, Inc.
  15. Others 50+.

APPENDIX

  • Discussion guide
  • Available customizations
  • Related reports

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Frequently Asked Questions ?

High demand from end-use industries due to superior performance properties of prepregs has driving the market.

Carbon fiber prepreg in terms of value hold the largest share due to wide applications in multiple end-use industries.

Hot-melt process, and solvent dip process are the major processes used in manufacturing prepregs.

Issues related to recyclability is the major restraint of the market. .

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