Glass Prepreg Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Glass Prepreg Market Analysis
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.
Glass Prepreg Market Trends
This section covers the major market trends shaping the Glass Prepreg Market according to our research experts:
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.
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.
Glass Prepreg Industry Overview
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.
Glass Prepreg Market Leaders
Solvay
Hexcel Corporation
SGL Carbon
TEIJIN LIMITED
Plastic Reinforcement Fabrics Ltd
*Disclaimer: Major Players sorted in no particular order
Glass Prepreg Market Report - 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
Glass Prepreg Industry Segmentation
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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Glass Prepreg Market Research FAQs
What is the current Glass Prepreg Market size?
The Glass Prepreg Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Glass Prepreg Market?
Solvay, Hexcel Corporation, SGL Carbon, TEIJIN LIMITED and Plastic Reinforcement Fabrics Ltd are the major companies operating in the Glass Prepreg Market.
Which is the fastest growing region in Glass Prepreg Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Glass Prepreg Market?
In 2024, the North America accounts for the largest market share in Glass Prepreg Market.
What years does this Glass Prepreg Market cover?
The report covers the Glass Prepreg Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Glass Prepreg Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Glass Prepreg Industry Report
Statistics for the 2024 Glass Prepreg market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Glass Prepreg analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
