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Global Prepreg Market: By Fibre: Carbon, Glass, Aramid; By Resin: Thermoset, Thermoplastic; By Manufacturing Process: Hot-Melt, Solvent Dip; By Application: Aerospace and Defence, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Prepreg Market Outlook

The global prepreg market reached a value of nearly USD 10.2 billion in 2020. The market is further expected to grow at a CAGR of 10.4% in the forecast period of 2021-2026 to reach a value of about USD 18.5 billion by 2026.

 

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.

 

Global Prepreg Market

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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: Industry Definition and 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.

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.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Prepreg Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Prepreg Historical Market (2016-2020) 
    8.3    Global Prepreg Market Forecast (2021-2026)
    8.4    Global Prepreg Market by Fibre
        8.4.1    Carbon
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Glass
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Aramid
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Prepreg Market by Resin
        8.5.1    Thermoset
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Thermoplastic
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Prepreg Market by Manufacturing Process
        8.6.1    Hot-Melt
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Solvent Dip
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Prepreg Market by Application 
        8.7.1    Aerospace and Defence
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Automotive
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Wind Energy
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Sporting Goods
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Others
    8.8    Global Prepreg Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Hexcel Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Toray Industries, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Axiom Materials, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Teijin Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Park Aerospace Corp.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Mitsubishi Chemical Carbon Fiber and Composites, Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Prepreg Market: Key Industry Highlights, 2016 and 2026
2.    Global Prepreg Historical Market: Breakup by Fiber (USD Billion), 2016-2020
3.    Global Prepreg Market Forecast: Breakup by Fiber (USD Billion), 2021-2026
4.    Global Prepreg Historical Market: Breakup by Resin (USD Billion), 2016-2020
5.    Global Prepreg Market Forecast: Breakup by Resin (USD Billion), 2021-2026
6.    Global Prepreg Historical Market: Breakup by Manufacturing Process (USD Billion), 2016-2020
7.    Global Prepreg Market Forecast: Breakup by Manufacturing Process (USD Billion), 2021-2026
8.    Global Prepreg Historical Market: Breakup by Application (USD Billion), 2016-2020
9.    Global Prepreg Market Forecast: Breakup by Application (USD Billion), 2021-2026
10.    Global Prepreg Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Prepreg Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Prepreg Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Prepreg Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Prepreg Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Prepreg Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Prepreg Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Prepreg Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Prepreg Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Prepreg Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Prepreg Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Prepreg Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Prepreg Market Structure

Key Questions Answered in the Report

In 2020, the global prepreg market attained a value of nearly USD 10.2 billion.

The market is projected to grow at a CAGR of 10.4% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 18.5 billion by 2026.

The major drivers of the industry, such as the growing demand from various application sectors, post-COVID recovery of downstream industries, and the thriving wind energy industry, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing applications of prepregs in the aerospace industry.

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

The major fibres in the market are carbon, glass, and aramid.

The significant resins of prepreg in the industry are thermoset and thermoplastic.

The leading manufacturing processes involved in the market are divided into hot-melt and solvent dip.

The major application segments of the industry are aerospace and defence, automotive, wind energy, and sporting goods, among others.

The major players in the industry 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 10.2 billion in 2020, 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 2021-2026, growing at a CAGR of 10.4%. The market is projected to reach USD 18.5 billion by 2026.

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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