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Prepreg Market

Global Prepreg Market Share, Trends, Analysis, Outlook: By Fibre: Carbon, Glass, Aramid; By Resin: Thermoset, Thermoplastic; By Manufacturing Process: Hot-Melt, Solvent Dip; By Application: Aerospace and Defence, Automotive, Wind Energy, Sporting Goods, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Prepreg Market Outlook

The global prepreg market reached a value of nearly USD 13.72 billion in 2023 and expected to grow at a CAGR of 10.40% in the forecast period of 2024-2032 to reach a value of about USD 33.50 billion by 2032.   

 

Global Prepreg Market

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Healthy Growth of the Automotive Industry to Augment the Prepreg Industry Growth

Based on application, the automotive segment is expected to grow at a healthy pace over the forecast period. Carbon fibre prepregs are currently exclusively utilised in racing vehicles and select high-end sports cars in the automobile industry due to their exorbitant cost. However, because the average cost of carbon fibre prepreg is projected to fall in the coming years, it may be utilised in mass manufacturing of vehicles, resulting in an increased demand for the material. The United States’ Oak Ridge National Laboratory (ORNL) is working on developing low-cost carbon fibre (LCCF) technology, which is projected to aid the market growth within the automotive sector in the coming years.

 

Asia Pacific to Provide Enhanced Growth Opportunities to the Prepreg Industry

Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period and hold a significant share of the market by 2026 owing to the region’s rising demand for the product from the aerospace and defence and wind energy industries, along with building and infrastructure projects. The growing automotive and sporting goods production and increasing electronic manufacturing is projected to further catalyse the market growth. The significant presence of tyre producers in the region, along with increasing wind installation capabilities, are providing further growth opportunities for the market.

 

Prepreg: Market Segmentation

A composite material produced from "pre-impregnated" fibres and a partly cured polymer matrix, such as epoxy or phenolic resin, or even thermoplastic combined with liquid rubbers or resins, is known as prepreg.

 

Global Prepreg Market by Segment

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By fibre, the market is divided into:

  • Carbon
  • Glass
  • Aramid

Based on resin, the industry can be segmented into:

  • Thermoset
  • Thermoplastic

The market is bifurcated by manufacturing process into:

  • Hot-Melt
  • Solvent Dip

On the basis of application, the industry can be classified into:

  • Aerospace and Defence
  • Automotive
  • Wind Energy
  • Sporting Goods
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Prepreg Market by Region

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Rising Demand from Downstream Sectors to Bolster the Growth of the Prepreg Industry

The prepreg industry is expanding due to the increased demand for prepregs in a variety of applications globally. In addition, the cessation of the lockdowns that were put in place during the COVID-19 pandemic and the recovery in the end-use industries are boosting the demand for the product. The expansion of the wind energy industry is projected to provide further growth opportunities for the prepreg industry in the coming years. Prepregs are widely used in the production of complicated structural components for wind turbines.

In the forecast period, the rapidly growing applications of prepregs in the aerospace industry are expected to drive the demand growth in the market. Composites in the form of prepreg now account for more than half of the structural mass of big transport planes.

 

Key Industry Players in the Global Prepreg Market

The report gives a detailed analysis of the following key players in the global prepreg market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Hexcel Corporation
  • Toray Industries, Inc.
  • Axiom Materials, Inc.
  • Teijin Limited
  • Park Aerospace Corp.
  • Mitsubishi Chemical Carbon Fiber and Composites, Inc.
  • 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:

  • Fibre
  • Resin
  • Manufacturing Process
  • Application 
  • Region
Breakup by Fibre
  • Carbon
  • Glass
  • Aramid
Breakup by Resin
  • Thermoset
  • Thermoplastic
Breakup by Manufacturing Process
  • Hot-Melt
  • Solvent Dip
Breakup by Application 
  • Aerospace and Defence
  • Automotive
  • Wind Energy
  • Sporting Goods
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Hexcel Corporation
  • Toray Industries, Inc.
  • Axiom Materials, Inc.
  • Teijin Limited
  • Park Aerospace Corp.
  • Mitsubishi Chemical Carbon Fiber and Composites, Inc.
  • Others
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 Prepreg Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Prepreg Historical Market (2018-2023) 
    8.3    Global Prepreg Market Forecast (2024-2032)
    8.4    Global Prepreg Market by Fibre
        8.4.1    Carbon
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Glass
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Aramid
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Prepreg Market by Resin
        8.5.1    Thermoset
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Thermoplastic
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Prepreg Market by Manufacturing Process
        8.6.1    Hot-Melt
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Solvent Dip
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Prepreg Market by Application 
        8.7.1    Aerospace and Defence
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Automotive
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Wind Energy
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Sporting Goods
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others    
    8.8    Global Prepreg Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America 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 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 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 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 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    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Hexcel Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Toray Industries, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Axiom Materials, Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Teijin Limited
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Park Aerospace Corp.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Mitsubishi Chemical Carbon Fiber and Composites, Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Prepreg Market: Key Industry Highlights, 2018 and 2032
2.    Global Prepreg Historical Market: Breakup by Fiber (USD Billion), 2018-2023
3.    Global Prepreg Market Forecast: Breakup by Fiber (USD Billion), 2024-2032
4.    Global Prepreg Historical Market: Breakup by Resin (USD Billion), 2018-2023
5.    Global Prepreg Market Forecast: Breakup by Resin (USD Billion), 2024-2032
6.    Global Prepreg Historical Market: Breakup by Manufacturing Process (USD Billion), 2018-2023
7.    Global Prepreg Market Forecast: Breakup by Manufacturing Process (USD Billion), 2024-2032
8.    Global Prepreg Historical Market: Breakup by Application (USD Billion), 2018-2023
9.    Global Prepreg Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.    Global Prepreg Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Prepreg Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Prepreg Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Prepreg Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Prepreg Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Prepreg Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Prepreg Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Prepreg Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Prepreg Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Prepreg Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Prepreg Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Prepreg Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Prepreg Market Structure

Key Questions Answered in the Report

In 2023, the global prepreg market attained a value of nearly USD 13.72 billion.

The market is projected to grow at a CAGR of 10.40% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 33.50 billion by 2032.   

The growing demand for prepreg in diverse applications and the robust growth of the wind energy sector are the major market drivers.

The key trends guiding the market growth include the growing applications of prepreg in the aerospace sector, surging electronic manufacturing, and rapid industrialisation.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Carbon, glass, and aramid are the major segments based on prepreg fibre.

The different resins used for prepreg are thermoset and thermoplastic.

The different segments based on the manufacturing process of prepreg are hot-melt and solvent dip.

The several applications of prepreg are aerospace and defence, automotive, wind energy, and sporting goods, among others.

The major players in the market are Hexcel Corporation, Toray Industries Inc., Axiom Materials Inc., Teijin Limited, Park Aerospace Corp., and Mitsubishi Chemical Carbon Fiber and Composites Inc., among others.

Analyst Review

The global prepreg market attained a value of USD 13.72 billion in 2023, driven by the rising demand from various applications. Aided by the high demand from the wind energy industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 10.40%. The market is projected to reach USD 33.50 billion by 2032.   

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on fibre, the market can be divided into carbon, glass, and aramid. By resin, the industry can be segmented into thermoset and thermoplastic. Based on manufacturing process, the market is divided into hot-melt and solvent dip. On the basis of application, the industry can be classified into aerospace and defence, automotive, wind energy, sporting goods, and others. The major regional markets for prepreg are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Hexcel Corporation, Toray Industries Inc., Axiom Materials Inc., Teijin Limited, Park Aerospace Corp., Mitsubishi Chemical Carbon Fiber and Composites Inc., and 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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