Prepreg Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 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?