Prepreg Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Resin Type (Thermoset and Thermoplastic), Fiber Type (Carbon, Glass, and Aramid), End-user Industry (Aerospace and Defense, Automotive, Electrical and Electronics, Wind Turbine, Leisure, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Bio-Based Resins Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: >4 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The global prepreg market is expected to record a CAGR of over 4% during the forecast period. Prepregs are composites, impregnated with reinforcement fibers that provide several advantages, such as corrosion resistance, higher strength-to-weight ratio, lower maintenance, and longer lifecycle, in comparison to traditional counterparts of steel and aluminum.

  • The market is majorly driven by the rising demand from wind energy and aerospace and defense applications.
  • Autoclave and maintenance constraints are expected to hinder the markets growth.
  • Narrowing supply-demand gap and technical advancements in prepreg product development are likely to act as an opportunity to the global prepreg market over the forecast period.

Scope of the Report

The global prepreg market report includes:

Resin Type
Thermoset
Thermoplastic
Fiber Type
Carbon
Glass
Aramid
End-user Industry
Aerospace and Defense
Automotive
Electrical and Electronics
Wind Turbine
Leisure
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

The Aerospace and Defense Industry to Drive the Market

  • Owing to the superior strength-to-weight ratio of prepregs, there is a high demand for prepregs in the aerospace sector. Prepregs (especially carbon prepregs) are increasingly being used to replace their metal counterparts, to manufacture interior and exterior structures, as the specific strength and modulus of the former are higher than most metallic alloys.
  • Increased expenditure on specialized military equipment in the defense sector, due to the current increase in defense budgets and the resurgence of global security threats in key nations (such as the United Kingdom, France, Japan, and several Middle Eastern countries), is expected to boost the demand for prepregs.
  • Robust increases of global revenue passenger kilometers (RPKs), year over year, are leading to an unprecedented level of aircraft production rates.
  • Overall, a steady growth rate in the aerospace industry and increased applications of prepregs in military applications provide a great opportunity and growth potential for prepreg manufacturers.
Bio-based Resins Market Segmentation Trends

To understand key trends, Download Sample Report

The United States to dominate the North America Market

  • The United States is the world’s largest and most powerful economy in the world. The aerospace and the defense sectors of the United States are the largest in the world. Defense budgets are increasing with the rising global tensions, in order to equip the armed forces with modern platforms.
  • More spending in the defense and aerospace sector is likely to be seen in the coming years, which, in turn, is expected to drive the demand for prepreg in the United States.
  • Major players in the United States are expected to increase their investments in the development of advanced prepregs for use in newer applications in industrial sectors, which is likely to lead to increased consumption of prepregs in the future.
  • The automotive market of the United States (which is one of the largest in the world) has currently slowed down, while it is expected to grow at a moderately high rate in the forecast period. The light commercial vehicles market is expected to grow at a moderately low rate during the forecast period. It is expected to significantly drive the prepeg market.
Bio-based Resins Market Regional Trends

To understand geography trends, Download Sample Report

Competitive Landscape

The global prepreg market is consolidated in nature. The major companies include Axiom Materials, Mitsubishi Chemical Carbon Fiber and Composites Inc., Solvay, Hexcel Corporation, and, TEIJIN LIMITED among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Aerospace and Defense Sector

      2. 4.1.2 Growing Demand from the Wind Sector

      3. 4.1.3 Increased Adoption of Carbon Prepreg

    2. 4.2 Restraints

      1. 4.2.1 Autoclave and Maintenance Constraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Thermoset

      2. 5.1.2 Thermoplastic

    2. 5.2 Fiber Type

      1. 5.2.1 Carbon

      2. 5.2.2 Glass

      3. 5.2.3 Aramid

    3. 5.3 End-user Industry

      1. 5.3.1 Aerospace and Defense

      2. 5.3.2 Automotive

      3. 5.3.3 Electrical and Electronics

      4. 5.3.4 Wind Turbine

      5. 5.3.5 Leisure

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Axiom Materials

      2. 6.4.2 Composite Resources Inc.

      3. 6.4.3 Gurit

      4. 6.4.4 Hexcel Corporation

      5. 6.4.5 Isola Group

      6. 6.4.6 Koninklijke Ten Cate BV

      7. 6.4.7 Mitsubishi Chemical Carbon Fiber and Composites Inc.

      8. 6.4.8 Park Eletrochemical Corp.

      9. 6.4.9 Renegade Materials Corporation

      10. 6.4.10 SGL Carbon

      11. 6.4.11 Solvay

      12. 6.4.12 Sunrez Corporation

      13. 6.4.13 TEIJIN LIMITED

      14. 6.4.14 Toray Industries Inc.

      15. 6.4.15 Ventec International Group

      16. 6.4.16 Yokohama Aerospace America Inc.

      17. 6.4.17 Zoltek

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Narrowing Supply-Demand Gap

    2. 7.2 Technical Advancements in Prepreg Product Development

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Prepreg Market market is studied from 2016 - 2026.

The Prepreg Market is growing at a CAGR of >4% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

AXIOM MATERIALS, TEIJIN LIMITED, Hexcel Corporation, Solvay, Mitsubishi Chemical Carbon Fiber and Composites, Inc. are the major companies operating in Prepreg Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!