According to a new market report published by Lucintel, the future of thermoplastic prepreg in the transportation market looks promising with opportunities in passenger car, bus, heavy truck, and rail market. The global thermoplastic prepreg in the transportation market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach with a CAGR of 1% to 2% from 2020 to 2025. The major drivers for this market are growth in vehicle production and growing demand for high performance and lightweight composites materials in high end luxury car, bus and heavy truck.
Browse 57 market data tables and 77 figures spread through 145 pages and in-depth TOC on “Thermoplastic Prepreg in the Transportation Market"
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In this market, glass fiber and carbon fiber prepregs are used for manufacturing various parts for transportation applications. On the basis of comprehensive research, Lucintel forecasts that the glass fiber prepreg is expected to remain the largest segment and it also expected to witness the highest growth over the forecast period
Within this market, passenger car will remain the largest segment by value and volume over the forecast period due to growth in luxury car production and increasing usage of glass prepreg in seat pan, under floor panel, and door frame application.
North America will remain the largest region and it is also expected to witness the highest growth over the forecast period due to presence of major part manufacturers in this region and growing demand for lightweight and environmentally sustainable materials from the automotive and mass transportation industries.
An emerging trend, which has a direct impact on the dynamics of the industry, includes development of new 3D printing thermoplastic composites parts for automotive industry. Jiangsu Qiyi Technology, Polystrand, Bond Laminates, SABIC, Kingfa, Toho Tenax, Lanxess, Fibrtec, and Cytec Solvey are among the leading manufacturers of thermoplastic prepregs in the transportation market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities of thermoplastic prepregs in the transportation market by application, fiber type, resin type, and region, and has come up with a comprehensive research report “Growth Opportunities of Thermoplastic Prepreg in Transportation Market 2019-2025: 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 market trends and forecasts for thermoplastic prepreg in the transportation market segmented by application, fiber type, resin type, and region as follows:
By End Use (Volume (M lbs) and Value ($ Million) from 2014 to 2025):
Passenger Car
Bus and Heavy Truck
Rail
By Application (Volume (M lbs) and Value ($ Million) from 2014 to 2025):
By Fiber Type (Volume (M lbs) and Value ($ Million) from 2014 to 2025):
Glass Fiber Prepreg
Carbon Fiber Prepreg
By Resin Type (Volume (M lbs) and Value ($ Million) from for 2014 to 2025):
PP based Prepreg
PA base Prepreg
Others
By Region (Volume (M lbs) and Value ($ Million) from 2014 to 2025):
North America
United States
Canada
Mexico
Europe
Asia Pacific
The Rest of the World
This 145-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/thermoplastic-prepreg-in-transportation-market.aspx or helpdesk@lucintel.com.
About Lucintel
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