Lucintel Estimates Global Prepreg Market to Experience Robust Growth during 2013-2018


   January 1 2013
The global prepreg market is expected to witness strong growth during 2013-2018 and reach $6.1 billion by 2018. This growth in the prepreg sector can be attributed to the rising cost of raw materials that increases the need to pass a portion of these costs to end products. High growth for applications of prepreg materials will probably take place in the near future, particularly in aerospace, automotive, and civil engineering.

Lucintel, a leading global Management Consulting and market research firm, has conducted a competitive analysis on the global prepreg market and its usage, and presents its findings in “Global Prepreg Market 2013-2018: Trend, Forecast and Opportunity Analysis.” From the analysis presented in this report, prepreg raw material suppliers as well as producers will recognize that valuable opportunities exist in the global prepreg industry due to impressive trends in demand quantity and growth, based on the various application markets and regional factors.

Lucintel analyzes the challenges face by the players in the prepreg market. The cost of prepreg is relatively higher than its competitors, such as aluminum; hence it is difficult to replace aluminum parts in all aircraft applications. Damage identification is difficult in case of prepreg. If a part is damaged, it is not easy to get it repaired.

The report also discusses the major drivers of the market. The biggest driver for the growth of prepreg in the aerospace market is its usage in the new Boeing 787 and Airbus 380 aircraft. Boeing 787 is the fastest selling passenger aircraft ever. This unprecedented success has much to do with the plane’s composite-intensive design, which brings several benefits. A composite structure also results in less non-routine maintenance. The 777’s floor structure is all composites and highlights the advantages of this material when applied in a harsh environment.

It is important for every player serving in the global prepeg market to be aware of the drivers, challenges, and emerging trends. The report identifies the emerging trends in prepreg market which impact the industry.

For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.

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