Prepreg Market was valued at US$ 12.4 Bn. in 2022 and the market is expected to reach US$ 24.65 Bn. by 2029, at a CAGR of 10.3% throughout forecast period (2023-2029).
Prepreg Market Overview:
The Prepreg market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Prepreg Market, as well as the causes for variances in the industry's growth in various places.
Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
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Drivers:
Resins such as phenolic, fiber, and epoxy are used in the production of both military and commercial aircraft. Preimpregnated fiber reinforcements allow for the production of low-cost commodities with excellent product performance, greater throughput, and enhanced quality and worker safety. Additionally, the prepreg is commonly used in the production of reinforcement fiber for ballistic purposes in the military industry. Increasing R&D for automation and assembly of complex-shaped objects and huge structures for the marine and wind energy sectors is expected to substantially increase Prepreg market revenue growth.
Segmentation:
by Fiber
1. Carbon
2. Glass
3. Aramid
by Resin
1. Thermoset
2. Thermoplastic
by Manufacturing Process
1. Hot-melt
2. Solvent dip
by Application
1. Aerospace & Defense
2. Automotive
3. Wind Energy
4. Sporting Goods
5. Others
Key Players: The key players are
1. Mitsubishi Rayon Co. Ltd.
2. PRF Composite Materials
3. Barrday Corporation
4. GMS Composites
5. Hankuk Carbon
6. ABC Composites
7. Solvay
8. Teijin Limited
9. Park Electrochemical Corporation
10. Axiom Materials
11. Hc Composite
12. Kineco
13. Taiwan First Li-Bond Co., Ltd.
14. North Thin Ply Technology
15. TCR Composites
16. Toray Industries Inc.
17. Hexcel Corporation
18. Gurit Holding Ag
19. Royal Tencate N.V.
20. SGL Group
Middle East & Africa
• Lesaffre Middle East and Africa (United Arab Emirates)
• Puratos Middle East and Africa (United Arab Emirates)
• DSM Food Specialties MEA FZE (United Arab Emirates)
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Prepreg market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Prepreg Market: The report also includes a detailed analysis of COVID-19 on the Prepreg market.
Key Questions Answered in the Prepreg Market Report are:
- Which sub-segment had the largest share in the Prepreg market?
- How is the competitive landscape of the Prepreg market in 2020?
- Which are the key drivers impacting the Prepreg market growth?
- Which region holds the maximum share in the Prepreg market?
- What will be the CAGR of the Prepreg market during the forecast period (2021-2027)?
