Market Snapshot
2016 - 2026
2020
Asia Pacific
North America
>7 %
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Market Overview
The global glass prepreg market is expected to grow at with a CAGR greater than 7% during the forecast period. One of the major factors driving the market is the increasing demand for airplanes in the Asia-Pacific region. However, declining automotive industry is hindering the growth of the market studied.
- Increasing usage of glass prepreg as a substitute for asbestos is another major driver for the market studied.
- Asia-Pacific is expected to witness the growth rate during the forecast period.
- Among the end-user industries, aerospace snd defense is likely to account for the highest market share during the forecast period.
Scope of the report
The glass prepreg market report includes:
| Resin Type | |
| Thermosetting | |
| Thermoplastic |
| End-user Industry | |
| Aerospace and Defense | |
| Automotive | |
| Wind Turbine | |
| Sports and Leisure | |
| Other End-user Industries |
| Geography | ||||||||
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Key Market Trends
Aerospace and Defense Industry to Dominate the Market
- Among the end-user industries, aerospace & defense dominates the global glass prepreg market currently.
- The major factor that is driving the demand for glass prepreg in the aerospace & defense industry is the increasing demand for airplanes across Asia-Pacific and the Middle-East & Africa region.
- Glass fiber reinforced plastic (GFRP) finds extensive use in the aviation industry where lightness is important. The new agreements and construction plans in Asia-Pacific are coming up to meet the growing demand for travel.
- Major Aerospace companies like Boeing, have started to build factories in Asian countries like China in order to meet the global demand for air travel.
- Hence, owing to the above-mentioned factors, the aerospace & defense industry is likely to dominate the global glass prepreg market during the forecast period.
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Asia-Pacific to Witness the Highest Growth Rate
- Currently, Asia-Pacific witnessing a rapid growth in the demand for glass prepreg market owing to the increasing demand from countries like China, India, and Japan.
- China has the largest automotive industries across the world. It is also major aerospace & defense industries and renewable energy industries.
- Additionally, the southeast Asian countries are also witnessing major demand for glass prepreg for usage in industries like aerospace, automotive, etc.
- However, the decline in the automotive production of countries like China, India, Indonesia, etc. is likely to restrain the market growth during the forecast period.
- Hence, owing to the above-mentioned reasons, Asia-Pacific is likely to witness the highest growth rate for the global bleaching agent market during the forecast period.
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Competitive Landscape
The global glass prepreg market is moderately consolidated as the majority of the market share is divided among a few players. Some of the key players in the market include Solvay, Hexcel Corporation, SGL Carbon, TEIJIN LIMITED, and Plastic Reinforcement Fabrics Ltd, among others.
Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand for Airplanes in the Asia-Pacific Region
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4.1.2 Growing Usage as a Substitute for Asbestos
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4.1.3 Others Drivers
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4.2 Restraints
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4.2.1 Carcinogenic Effect of Glass Prepreg
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4.2.2 Impact of COVID-19 Pandemic
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4.2.3 Other Restraints
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Resin Type
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5.1.1 Thermosetting
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5.1.2 Thermoplastic
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5.2 End-user Industry
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5.2.1 Aerospace and Defense
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5.2.2 Automotive
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5.2.3 Wind Turbine
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5.2.4 Sports and Leisure
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5.2.5 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 ASEAN Countries
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5.3.1.6 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Axiom Materials, Inc.
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6.4.2 Solvay
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6.4.3 Gurit
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6.4.4 Hexcel Corporation
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6.4.5 ISOLA GROUP
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6.4.6 KREMPEL GmbH
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6.4.7 Plastic Reinforcement Fabrics Ltd
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6.4.8 SGL Carbon
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6.4.9 Sunrez Corporation
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6.4.10 TEIJIN LIMITED
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Glass Prepreg Market market is studied from 2016 - 2026.
What is the growth rate of Glass Prepreg Market?
The Glass Prepreg Market is growing at a CAGR of >7% over the next 5 years.
Which region has highest growth rate in Glass Prepreg Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Glass Prepreg Market?
North America holds highest share in 2020.
Who are the key players in Glass Prepreg Market?
- Solvay
- Hexcel Corporation
- SGL Carbon
- TEIJIN LIMITED
- Plastic Reinforcement Fabrics Ltd
Are the major companies operating in Glass Prepreg Market.
