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Global Carbon Prepreg Market Size, Share, Trends, Forecast: By Resin Type: Thermoset, Thermoplastic; By End User Industry: Aerospace and Defence, Energy, Automotive, Leisure, Electronics, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Carbon Prepreg Market Outlook
The global carbon prepreg market stood at a value of above USD 9.32 billion in 2023. The market is further expected to grow at a CAGR of 9.3% in the forecast period of 2024-2032 to attain a value of more than USD 20.75 billion by 2032.
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Heightened Demand for Thermoset Resin to Bolster the Growth of the Carbon Prepreg Industry
Based on resin type, the thermoset segment is expected to account for a significant share of the market in the forecast period. This can be attributed to the beneficial attributes of thermoset resins, including their processibility at room temperature. In addition, thermoset resins are ideal for the manufacturing of adhesives, coatings, and fibre re-enforced plastics. Moreover, thermoset resins are strong, durable, and thermally resistant after curing, which make them suitable for the application in demanding and heavy operations.
Europe to Provide Significant Growth Opportunities to the Carbon Prepreg Industry
The carbon prepreg industry in Europe is driven by the high demand for energy in countries like Ireland, France, and Germany, among others, in order to sustain heavy operations in various industries including food processing, aerospace and defence, automotive, and electrical and electronics , among others. Additionally, the development of engine production plants in Germany is likely to augment the market growth in the region. Furthermore, the presence of system integrators and defence equipment manufacturers in the region are estimated to further support the market growth.
Carbon Prepreg Market Segmentation
Carbon prepreg is defined as a material which is obtained by pre-impregnating carbon with resins and then curing it. In addition, carbon prepreg offers a high strength-to-weight ratio and is resilient to corrosion and fire.
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Based on resin type, the market is segmented into:
- Thermoset
- Thermoplastic
The major end user industries of carbon prepreg include:
- Aerospace and Defence
- Energy
- Automotive
- Leisure
- Electronics
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Application of Carbon Prepreg in Various Sectors to Boost the Growth of Carbon Prepreg Industry
The global carbon prepreg industry is driven by the rising application of carbon prepreg in aerospace and defence, automotive, energy, sports, and electronics industry, among others. Carbon prepreg is a crucial component in the manufacturing of aerospace and defence equipment due to the strength, structural performance, and durability offered by the product. In addition to this, the growing demand for various sporting equipment such as fishing rod, badminton rackets, bicycles, roller-skates, pull-up rods, and dumbbells, among others is likely to provide impetus to the market growth. Furthermore, the rapid development of industrial plants is likely to generate a considerable demand for the product in the forecast period.
Key Industry Players in the Global Carbon Prepreg Market
The report gives a detailed analysis of the following key players in the global carbon prepreg market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ACP Composites, Inc
- Hexcel Corporation
- Lingol Corporation
- SGL Carbon SE
- Solvay S.A.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Resin Type |
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| Breakup by End User Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Carbon Prepreg Market Analysis
8.1 Key Industry Highlights
8.2 Global Carbon Prepreg Historical Market (2018-2023)
8.3 Global Carbon Prepreg Market Forecast (2024-2032)
8.4 Global Carbon Prepreg Market by Resin Type
8.4.1 Thermoset
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Thermoplastic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Carbon Prepreg Market by End User Industry
8.5.1 Aerospace and Defence
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Energy
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Automotive
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Leisure
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Electronics
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Carbon Prepreg Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Carbon Prepreg Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Carbon Prepreg Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Carbon Prepreg Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Carbon Prepreg Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Carbon Prepreg Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ACP Composites, Inc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Hexcel Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Lingol Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 SGL Carbon SE
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Solvay S.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Carbon Prepreg Market: Key Industry Highlights, 2018 and 2032
2. Global Carbon Prepreg Historical Market: Breakup by Resin Type (USD Billion), 2018-2023
3. Global Carbon Prepreg Market Forecast: Breakup by Resin Type (USD Billion), 2024-2032
4. Global Carbon Prepreg Historical Market: Breakup by End User Industry (USD Billion), 2018-2023
5. Global Carbon Prepreg Market Forecast: Breakup by End User Industry (USD Billion), 2024-2032
6. Global Carbon Prepreg Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Carbon Prepreg Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Carbon Prepreg Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Carbon Prepreg Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Carbon Prepreg Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Carbon Prepreg Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Carbon Prepreg Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Carbon Prepreg Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Carbon Prepreg Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Carbon Prepreg Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Carbon Prepreg Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Carbon Prepreg Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Carbon Prepreg Market Structure
Key Questions Answered in the Report
In 2023, the global carbon prepreg market attained a value of above USD 9.32 billion.
The market is estimated to grow at a CAGR of 9.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of more than USD 20.75 billion by 2032.
The major drivers of the market include the rising application of carbon prepreg across industry verticals like aerospace and defence, electrical, and automotive, increased demand for thermoset resins, multifaceted application of the product, and rising demand for the product in heavy industrial operations.
The growing product utilisation in heavy industrial operations is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Thermoset and thermoplastic are the major types of resins included in the market.
Aerospace and defence, energy, automotive, leisure, and electronics, among others are the significant end users of the product.
The major players in the industry are ACP Composites, Inc, Hexcel Corporation, Lingol Corporation, SGL Carbon SE, and Solvay S.A., among others.
Analyst Review
The global carbon prepreg market attained a value of above USD 9.32 billion in 2023, driven by the growing demand for sporting equipment. Aided by the rapid technological advancements in the aerospace and defence sector, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9.3%. The market is projected to reach value of more than USD 20.75 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on resin type, the market is divided into thermoset and thermoplastic. The significant applications of the product include aerospace and defence, energy, automotive, leisure, and electronics, among others. The major regional markets for carbon prepreg are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ACP Composites, Inc, Hexcel Corporation, Lingol Corporation, SGL Carbon SE, and Solvay S.A., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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