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 and other industries. The global prepreg market is declined in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $5.5 billion by 2026 with a CAGR of 9.2% from 2021 to 2026 with a CAGR of 8%-10% from 2021 to 2026. 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 112 market data tables and 137 figures spread through 221 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.
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.
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. 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 2021-2026: 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 2015 to 2026]:
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 2015 to 2026]:
Thermoset Prepreg
Thermoplastic Prepreg
By Reinforcement Type [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
Carbon fiber
Glass fiber
Aramid fiber
By Resin Type [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
Epoxy
BMI
Phenolic
Cynate Ester
Thermoplastics
By Weave Type [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
UD prepreg
Fabric prepreg
By Manufacturing Technology [Volume (M lbs) shipment analysis for 2015 to 2026]:
By Region [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
North America
Europe
Asia Pacific
The Rest of the World
This 221-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
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