According to a new market report published by Lucintel, the future of the global prepreg market looks promising with opportunities in commercial aerospace, military/defense, general aviation, space/satellite, sporting goods, marine, wind energy, automotive, and civil engineering industries. The global prepreg market is expected to reach an estimated $6.4 billion by 2024 with a CAGR of 4.6% from 2019 to 2024. The major drivers for this market are growing demand for high performance composite materials and the replacement of metals with composites in different end use industries.
Browse 128 market data tables and 130 figures spread through 228 pages and in-depth TOC on “Global Prepreg Market"
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In this market, different types of prepreg such as thermoset prepreg, and thermoplastic prepreg are used as type of Prepreg. On the basis of comprehensive research, Lucintel forecasts that thermoset prepreg will remain the largest market due to its wide usage in aerospace/defense, wind energy and automotive end use industries. Lucintel predicts that thermoplastic prepreg is expected to witness the highest growth during the forecast period due to increasing demand thermoplastic resin based composite materials.
Within the global prepreg market, commercial aerospace will remain the largest end use industry by value and volume due to increasing demand for lightweight materials in new aircraft programs, such as Boeing 787 and Airbus A350. Automotive is expected to witness highest growth over the forecast period due to the growing usages of lightweight and high performance materials.
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North America is expected to remain the largest market for prepreg due to growing demand for high performance lightweight materials from the end use industries. Europe is expected to witness the highest growth rate during the forecast period due to the anticipated growth in the aerospace and automotive industries.
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Emerging trends, which have a direct impact on the dynamics of the prepreg industry, include development of bio based products and increasing focus on thermoplastic resin based composites. Hexcel, Cytec Solvay Group, Toray, TenCate, Gurit, and Mitsubishi Rayon Corporation and others are among the major prepreg manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global prepreg market by end use industry, weave type, manufacturing technology, type of prepreg, reinforcement, resin, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Prepreg Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global prepreg market by end use industry, weave type, manufacturing technology, type of prepreg, reinforcement, resin, and region as follows:
By End Use Industry [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Commercial Aerospace
- Military/Defense
- General Aviation
- Space/Satellite
- Sporting Goods
- Wind Energy
- Automotive
- Civil Engineering
- Marine
- Others
By Type of Prepreg [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Thermoset Prepreg
- Thermoplastic Prepreg
By Reinforcement Type [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Carbon fiber
- Glass fiber
- Aramid fiber
By Resin Type [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Epoxy
- BMI
- Phenolic
- Cynate Ester
- Thermoplastics
By Weave Type [Volume (M lbs) shipment analysis for 2013 to 2024]:
- UD prepreg
- Fabric prepreg
By Manufacturing Technology [Volume (M lbs) shipment analysis for 2013 to 2024]:
- Solvent dip
- Hot melt
By Region [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
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This 228-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/prepreg-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global prepreg market by end use industry (commercial aerospace, military/defense, general aviation, space/satellite, sporting goods, marine, wind energy, automotive, civil engineering, others), By Type of Prepreg (thermoset prepreg, and thermoplastic prepreg), resin type (epoxy, phenolic, BMI, cynate ester, and thermoplastics), fiber type (glass fiber, carbon fiber, and aramid fiber), By Weave Type (UD prepreg, fabric prepreg), By Manufacturing Technology (solvent dip, hot melt) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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