Market Size of Carbon Prepreg Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 7.73 Billion |
| Market Size (2029) | USD 12.01 Billion |
| CAGR (2024 - 2029) | 9.21 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Carbon Prepreg Market Analysis
The Carbon Prepreg Market size is estimated at USD 7.73 billion in 2024, and is expected to reach USD 12.01 billion by 2029, growing at a CAGR of 9.21% during the forecast period (2024-2029).
Due to the COVID-19 outbreak tourism sector was affected negatively which affected the aerospace industry. However, the easing of lockdowns and countries lifting travel restrictions led to increased traveling in the years 2021 and 2022 which helped the carbon prepreg market reach pre-pandemic levels.
- Emphasis on green energy sources, growing demand from CFRP components, and the growing demand from the aerospace and defense industry are likely to act as drivers for the market over the forecast period.
- However, the availability of eco-friendly alternatives is likely to hinder the market growth during the forecast period.
- Increasing application in the electronics industry is likely to act as an opportunity in the future.
- Europe dominated the market across the world due increased demand from the defense sector.
