Market Size of Glass Prepreg Industry
| 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.
