The increasing adoption of high-performance materials which provide better strength than metals and glass while at the same offer lightweight property is growing the industry stakeholder's traction towards prepregs. Industries like automotive investing heavily in research & development to reduce the vehicle weight, thus improving the vehicle efficiency while simultaneously helping in environment emission reduction. Therefore, automotive OEM is increasingly using prepregs for automobile parts and components, tooling, and ballistic panels. Besides this, renewable energy is one of the new areas where composite materials are gaining market traction. The renewable energy industry is building large size windmills to generate more power, as a result they are increasingly using composites materials including prepreg, to reduce weight. As the investment in the renewable energy industry is showing bolstering growth across the globe, it is expected the industry players would develop substantial size of windmill compared to current level, which eventually increase the demand for prepreg.
According to UnivDatos Market
Insights (UMI)’ research report “Global Prepreg
Market”, the market is expected to showcase a growth of around 11%
during the forecast period. Industries like automotive and aerospace & defence is increasingly
adopting high-performance composite materials over metals and glass to reduce
the weight that to be without compromising with the performance. This in turn
is increasing the demand for prepregs from industries as prepregs offers both
lightweight and high-performance properties.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31737&utm_source=linkedin&utm_medium=himan
Based on reinforcement type, the market is categorized into
carbon fiber, glass fiber, and others. During the forecast period, the carbon
fiber category is likely to showcase robust growth due to increasing investment
in the renewable energy industry to reduce the dependency on conventional energy.
This in turn increases the production of windmills and blades, thus boosting
the demand for carbon fiber prepreg.
Based on resin type, the market is categorized into
thermoset and thermoplastic. Of both, the thermosets category held the lion
share of the market in 2020 and is expected to maintain its strong position
during the forecast period. Thermoset resin like epoxy is the most common in
the manufacturing process owing to its high specific strength, excellent
adhesion, and good dimensional stability. Besides this, adding fibers into
epoxies improves the thermal and durability properties while reducing the cost
for composite applications.
Asia-Pacific is
expected to showcase robust growth over the forecast period
For a better understanding of the market adoption of prepreg,
the market is analyzed based on its worldwide presence in the countries such as
North America (the United States, Canada, Rest of North America), Europe
(Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe),
Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of
World. The Asia-Pacific region is expected to showcase bolstering
growth during the forecast period. The region is among the largest markets for
some of the biggest consumers of prepregs like automotive, aerospace &
defence, renewable, and electrical electronics. Besides this, increasing
investment in the regional economies to cater the growing population and
increasing demand among consumers for high quality products due to rising
income are some of the factors which is likely to maintain strong growth for
prepregs in the foreseeable future. Moreover, the rising cost of production in
western economies is making other regions non-competitive to the Asia-Pacific
economies.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31737&utm_source=linkedin&utm_medium=himan
According
to UnivDatos Market Insights (UMI)’,
the key players with a considerable market share in the
global prepreg market include Hexcel Corporation, Toray Industries Inc., SGL
Carbon SE, Axiom Materials Inc., Solvay S.A., Teijin Limited, Mitsubishi
Chemical Corporation, Gurit Holding AG, Park Aerospace Corp., and Victrex plc. These
companies are taking several strategic decisions to meet the growing demand and
increase their market share.
“Global Prepreg
Market” provides comprehensive qualitative and quantitative insights on
the industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitors’
capabilities on different parameters. This will help companies in the
formulation of Go to Market Strategies and identifying the blue ocean for its
offerings.
Market Segmentation:
1.
By Reinforcement Type (Carbon Fiber,
Glass Fiber, and Others)
2.
By Resin Type (Thermoset and Thermoplastic)
3.
By Form (Unidirectional and
Woven)
4.
By Manufacturing Process (Hot Melt,
Solvent Dip, and Resin Filming)
5.
By End-User (Aerospace
& Defence, Automotive, Renewable, Sports, Electrical & Electronics, and
Others)
6.
By Region (North America (the
United States, Canada, Rest of North America), Europe (Germany, the United
Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India,
Rest of APAC), and Rest of World)
7.
By Company (Hexcel
Corporation, Toray Industries Inc., SGL Carbon SE, Axiom Materials Inc., Solvay
S.A., Teijin Limited, Mitsubishi Chemical Corporation, Gurit Holding AG, Park
Aerospace Corp., and Victrex plc.)
Key
questions answered in the study:
1.
What are the current and future trends
of the global prepreg industry?
2.
How the industry has been evolving in terms
of reinforcement type, resin type, form, manufacturing process, and end-user?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the global prepreg industry?
5.
What are the customer orientation,
purchase behavior, and expectations from the global prepreg suppliers across
various region and countries?
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