Prepreg Market Size, Share & Trends Analysis Report by Fiber (Carbon, Glass), By Resin (Thermoset, Thermoplastic), By Application (Aerospace & Defence, Wind Energy), by End-use, by Region, And Segment, Forecast Period-2022 – 2028

Report ID - MRC_433 | Pages - 243 | Category - Materials And Chemicals

Prepreg Market Insights

Prepreg Market is projected to be worth USD 16.8 Billion by 2028, registering a CAGR of 11.7% CAGR during the forecast period (2022-2028), the market was valued at USD 7.71 Billion in 2021. Carbon Fibers have the largest market share in the Fiber segment, as concerns about fuel consumption and CO2 emissions have prompted automakers to use carbon Fiber composite materials. The aerospace and defense industry in application segment is expected to grow rapidly in the forecasted period due to rising demand for highly durable and lightweight aircraft parts, prepreg Fibers.

Prepreg is an abbreviation for pre-impregnated. Prepregs are composite materials made from a high-strength reinforcement fiber that has been pre-impregnated with a thermoset or thermoplastic resin. Thermoset and thermoplastic prepregs are vastly different, although technically both are prepregs. They are typically used by experienced fabricators to reduce the weight of the parts. Aerospace, racing, sporting goods, pressure vessels, and commercial products are examples of typical applications.

Prepreg Market Dynamics

Driver:

Prepreg is used in the aerospace & defense industries, wind energy, sporting goods, automotive, and other end-use industries. The growing number of wind energy projects, as well as the demand for lightweight materials in the automotive industry, is expected to drive the market of prepreg in the wind energy and automotive end-use industries.

Restraints:

Prepreg applications in aerospace, wind, and other industries have grown dramatically. At the moment, prepreg composites account for more than half of the structural mass of large transport airplanes. However, due to the high material and manufacturing costs, further use has been limited. As a result, cost estimation tools must be used early in the design process to reduce the cost of prepreg products.

Opportunity:

Superior strength and lightweight prepreg fibers are critical for the aircraft manufacturing industry. Replacing traditional materials with lightweight composites is an efficient way to achieve the goal of producing lightweight aircraft to improve fuel efficiency, reduce emissions, and lower material usage, which provides the opportunity for prepreg material.

COVID-19 Analysis of Prepreg Market:

The COVID-19 outbreak significantly altered global demand for prepreg materials due to a drop in demand from the automotive and aerospace and defense industries. The pandemic has abruptly disrupted operations and the global supply chain in a variety of industries, slowing the growth of the prepreg market. Several countries imposed a lockdown to prevent the virus from spreading further. COVID-19 had the most severe impact on Europe and North America. Companies are dealing with the sudden impact of the pandemic by working efficiently on their supply chain and improving their distribution network in order to capture the demand for prepreg materials in the near future and deal with market fluctuations.

Prepreg Market Report Coverage

Report AttributesReport Details
Study Timeline2016-2028
Market Size in 2028 (USD Billion)16.81
CAGR (2022-2028)11.7%
By FiberCarbon

Glass

Others

By ResinThermoset

Thermoplastic

By ApplicationAerospace & Defense

Wind Energy

Sporting Goods

Automotive

Others

By geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Russia
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Chile
    • Rest of Latin America
  • The Middle East and Africa
    • GCC
    • Turkey
    • Israel
    • Rest of MEA

Prepreg Market Segmental Analysis:

By Fiber

The segment is divided into carbon fiber, glass fiber, and others. Carbon fibers has the highest market share and is expected to maintain its lead throughout the forecast period. Concerns about fuel consumption and CO2 emissions have prompted automakers to use carbon fiber composite materials as metal component substitutes. Carbon fiber is expected to gain acceptance in a variety of industries, including aerospace and defense, automotive, sports equipment, construction, and others. This is expected to drive demand for carbon fibers in the prepreg market during the forecast period.

global prepreg market by fiber

By Resin

The resin segment is divided into thermoset, and thermoplastic. Thermoset resins had the highest market share and is expected to maintain its lead throughout the forecast period. At room temperature, thermoset resins are liquid, allowing for easy impregnation of reinforcing Fibers. Superior properties of thermoset resins include excellent resistance to corrosives and solvents, resistance to heat and high temperatures, excellent adhesion, high strength, and elasticity. This is expected to increase its usage across a variety of application industries, driving segment growth of prepreg market.

global prepreg market by resin

By Application

The application segment is categorized into aerospace & defense, wind energy, sporting goods, automotive and others. The aerospace and defense industry in application segment and is expected to grow at a rapid pace in the forecasted period. The growing demand for highly durable and lightweight aircraft parts, prepreg fibers are increasing in this aerospace industry. Prepreg is a popular material for fabricating various parts and components in the aerospace industry. As it allows for a consistent resin ratio across the finished product, which improves the mechanical and physical properties of the component. Furthermore, increased commercial aircraft production due to surge in passenger traffic is expected to drive segment growth in prepreg market.

By Region

The region segment is divided into Asia Pacific, Europe, North America, Middle East and Africa, Latin America. North America held the largest market share and is expected to grow from 2022 to 2028. This expansion can be attributed to North America’s rapidly expanding aerospace industry. The region is expected to meet nearly one-third of global operational fleet demand, resulting in increased production of airframes and aircraft parts over the course of the period. As demand for new-generation aircraft grows, the aircraft manufacturing industry is expected to expand, supporting the regional prepreg market over the forecast period.

Prepreg Market Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, surge in Research and Development (R&D), product innovation, and various business strategies have accelerated the growth of the market. Some of these players in Prepreg Market are:

Key Players

  • Solvay Group
  • Hexcel Corporation
  • Toray Industries, Inc
  • Teijin Limited
  • Mitsubishi Chemical Holdings Corporation
  • SGL Group
  • Axiom Materials
  • Gurit Holding AG
  • Park Aerospace Corp.
  • Plastic Reinforcement Fabrics Ltd

Recent Development:

  • October 4, 2021: Solvay has introduced CYCOM® EP2190, an epoxy-based system with exceptional toughness in thick and thin structures as well as excellent in-plane performance in hot/wet and cold/dry environments. The material is the company’s new flagship product for aerospace primary structures. The company competes with incumbent solutions for wing and fuselage applications across most aviation market segments with the new product lunched.
  • July 20, 2021: Toray Composite Materials America, Inc., a leading innovator, and supplier of carbon fiber materials and advanced composite prepreg, has announced the release of Toray 2700. The epoxy-based 2700 resin technology is a high-performance, patented resin technology aimed at emerging aerospace programs. It meets stringent aerospace structural design criteria and enables the production of high-quality, high-volume, low-cost composite parts.

Table of Content

  1. Introduction
    • Market Introduction
    • Market Research Methodology
      • Research Process
      • Primary Research
      • Secondary Research
      • Data Collection Technique
      • Data Sources
    • Market Estimation Methodology
      • Limitations of the Study
    • Product Picture of Prepreg
    • Global Prepreg Market: Classification
    • Geographic Scope
    • Years Considered for the Study
    • Research Methodology in brief:
    • Parent Market Overview
    • Overall Prepreg Market Regional Demand
    • Research Programs/Design
    • Market Breakdown and Data Triangulation Approach
    • Data Source
    • Secondary Sources
    • Primary Sources
    • Primary Interviews:
    • Average primary breakdown ratio
  2. Executive Summary
    • Business Trends
    • Regional Trends
    • Fiber Trends
    • Resin Trends
    • Application Trends
  3. Market Dynamics
    • Drivers
      • Drivers
    • Restraints
      • Restraints
    • Opportunity
      • Impact forces for market dynamics
      • Impact forces during the forecast years
    • Industry Value Chain
      • Upstream analysis
      • Downstream analysis
      • Distribution Channel
      • Direct Channel
      • Indirect Channel
    • Potential Customers
    • Manufacturing/Operational Cost Analysis
    • Pricing Analysis by Region
    • Key Technology Landscape
    • Regulatory Analysis
    • Porter’s Analysis
      • Supplier Power
      • Buyer Power
      • Substitution Threat
      • Threat from New Entry
      • Competitive Rivalry
    • PESTEL Analysis
    • Political Factors
    • Economic Factor
    • Social Factors
    • Technological Factor
    • Environmental Factors
    • Legal Factor 81
    • Covid-19 impact on Global economy
    • Covid-19 impact on Prepreg demand
    • Post Covid Impact on Prepreg Market Demand
    • Impact analysis of Russia-Ukraine conflict
  4. Global Prepreg Market Analysis Forecast by Fiber
    • Global Prepreg Segment by Fiber
      • Global Prepreg Market Revenue Share (%), by Fiber, 2021
      • Global Prepreg Market Revenue (USD Billion), by Fiber, 2016 – 2028
    • Global Prepreg Market Revenue (USD Billion), by Fiber, 2016 – 2028
      • Carbon
      • Glass
      • Others
  1. Global Prepreg Market Analysis Forecast by Resin
    • Global Prepreg Segment by Resin
      • Global Prepreg Market Revenue Share (%), by Resin, 2021
      • Global Prepreg Market Revenue (USD Billion), by Resin, 2016 – 2028
    • Global Prepreg Market Revenue (USD Billion), by Resin, 2016 – 2028
      • Thermoset
      • Thermoplastic
  1. Global Prepreg Market Analysis Forecast by Application
    • Global Prepreg Segment by Application
      • Global Prepreg Market Revenue Share (%), by Application, 2021
      • Global Prepreg Market Revenue (USD Billion), by Application, 2016 – 2028
    • Global Prepreg Market Revenue (USD Billion), by Application, 2016 – 2028
      • Aerospace & Defense
      • Wind Energy
      • Sporting Goods
      • Automotive
      • Others
    1. Global  Prepreg Market by Players
      • Global  Prepreg Market Revenue Share (%): Competitive Analysis, 2021
        • Key entry strategies adopted by market players
        • Global  Revenue (USD Billion), By Manufacturer 2021
        • Global  Revenue Share (%), By Manufacturer 2021
        • Global  Player Positioning, By Manufacturer 2021
      • Global : Recent Development
    2. Prepreg Market by Regions
      • Global  Overview, By Region
        • Global  Revenue, By region
      • Global  Revenue (USD Billion), 2016-2028
        • Global  Revenue Share (%) by region, 2021
      • North America
        • North America  Revenue (USD Billion), 2016-2028
      • Asia Pacific
        • APAC  Revenue (USD Billion), 2016-2028
      • Europe
        • Europe  Revenue (USD Billion), 2016-2028
      • Latin America
        • Latin America  Revenue (USD Billion), 2016-2028
      • Middle East & Africa
        • Middle East & Africa  Revenue (USD Billion), 2016-2028
    1. North America
      • North America Prepreg Market Size by Countries
        • North America  Revenue (USD Billion) by Countries (2016-2021)
        • North America  Revenue (USD Billion), by Fiber, 2016 – 2028
        • North America  Revenue (USD Billion), by Resin, 2016 – 2028
        • North America  Revenue (USD Billion), by Application, 2016 – 2028
      • United States
        • U.S.  Revenue (USD Billion), by Fiber, 2016 – 2028
        • U.S.  Revenue (USD Billion), by Resin, 2016 – 2028
        • U.S.  Revenue (USD Billion), by Application, 2016 – 2028
      • Canada
      • Mexico
    2. Europe
      • Europe Prepreg Market Size by Countries
        • Europe Market Size, by Fiber, 2016 – 2028
        • Europe Market Size, by Resin, 2016 – 2028
        • Europe Market Size, by Application, 2016 – 2028
      • Germany
      • France
      • UK
      • Spain
      • Russia
      • Italy
      • BENELUX
    1. Asia Pacific
      • Asia Pacific Prepreg Market Size by Countries
        • Asia Pacific Market Size, by Fiber, 2016 – 2028
        • Asia Pacific  Size, by Resin, 2016 – 2028
        • Asia Pacific  Size, by Application, 2016 – 2028
      • China
      • Japan
      • Australia
      • South Korea
      • India
      • ASEAN
    1. Latin America
      • Latin America Prepreg Market Size by Countries
        • Latin America  Market Size, by Fiber, 2016 – 2028
        • Latin America Market Size, by Resin, 2016 – 2028
        • Latin America Market Size, by Application, 2016 – 2028
    • Brazil
    • Argentina
    • Chile
  1. Middle East and Africa
    • Middle East and Africa Prepreg Market Size by Countries
      • Middle East and Africa Prepreg Market Size, by Fiber, 2016 – 2028
      • Middle East and Africa Prepreg Market Size, by Resin, 2016 – 2028
      • Middle East and Africa Prepreg Market Size, by Application, 2016 – 2028
    • GCC
    • Turkey
    • South Africa
  1. Competitive Analysis
    • Solvay Group
      • Business Overview
      • Solvay Group Business Financials (USD Billion)
      • Solvay Group Prepreg Product Category, Type and Specification
      • Solvay Group Main Business/Business Overview
      • Solvay Group Geographical Analysis
      • Solvay Group Recent Development
      • Solvay Group Swot Analysis
    • Hexcel Corporation
    • Toray Industries, Inc
    • Teijin Limited
    • Mitsubishi Chemical Holdings Corporation
    • SGL Group
    • Axiom Materials
    • Gurit Holding AG
    • Park Aerospace Corp. 
    • Plastic Reinforcement Fabrics Ltd.
  2. Market Research Findings & Conclusion

Disclaimer

Research Methodology

The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.

Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.
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