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Prepreg Market, Size, Share, Outlook and Growth Opportunities 2019-2025

  • ID:OGAMSC1908180
  • Published: August-2021
  • Pages:130
  • OGAnalysis
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Global Prepreg Market, size, share Outlook and Growth Opportunities to 2025: By Resin Type (Thermoset Prepreg and Thermoplastic Prepreg), By Fiber Type (Glass Fibre Prepreg, Carbon Fibre Prepreg and Aramid Fibre Prepreg), By Manufacturing Process (Hot-Melt Process and Solvent Dip Process), By Application (Automotive, Sporting Goods, Electronics, Aerospace & Defense and Others) and By Region

Global Prepreg Market is poised to report high CAGR% in the projected period 2019-2025, driven by escalating need for lightweight materials for the production of sports equipment for superior performance. In addition, stringent government regulations pertaining to lower the carbon emissions from vehicles, especially in North America and Europe countries are estimated to enhance the prepreg use in automotive industry over the years.

US is one of the growth engine of global prepreg market with the presence of a large number of tier players, OEMs, raw material suppliers and distributors. Most of the key thermoset prepreg manufacturers are seeking to enter into the country in order to cater intense demand from a diverse array of sectors including wind energy, aerospace & defense, and construction.

Technical advancements by the key market players in prepreg product development and tapering supply-demand gap are likely to act as future opportunity to the companies operating in the global prepreg industry. Further, companies are undergoing acquisitions to expand their business. For instance, in July 2019, Kordsa, a subsidiary of Sabanci Holding, declared its acquisition with Axiom Materials, for a worth $181 million.

Moreover, increasing R&D expenditure by several key companies for the advancement of new manufacturing techniques is likely to show positive impact on the production and supply of high quality prepreg in near future. However, concerns related to the recyclability and high cost incurred in the production and processing of different types of prepregs is challenging the overall market growth.

Thermoset prepreg resin remains as major segment

The report analyses the global prepreg market outlook based on resin type as thermoset prepreg and thermoplastic prepreg.

Currently, the thermoset prepreg accounts for over 75% of the total prepreg industry and is forecasted to remain as the most dominant resin in the coming years, propelled by organic growth of the aircraft industry. The growth of thermoset prepregs in the aerospace & defense industry is accelerated due to rising penetration of composite materials in the next-gen. Furthermore, the escalation in the production rates of major aircraft programs including B787, B737, A320, and A350XWB are also boosting the product demand in the sector.

In addition, the thermoset prepreg resin is dominating resin type in the global market owing to its extensive adoption in automotive, marine and other applications. As these resins are cheaper, possess low meting nature as well as easier to produce, the demand for these resins is up surging in the prepreg market.

Carbon prepreg occupies major market share

Carbon is the highly used fiber type by the manufacturers, which is employed for the manufacture of prepregs due to its excellent strength, good surface finish and low porosity nature. In addition, carbon fiber type prepregs are widely accepted in many applications as they are easier to handle and can be stored at room temperature.

The carbon prepreg segment is anticipated to witness substantial growth over the upcoming years, which is attributed by increasing demand for high strength materials in wind and sporting goods applications. Furthermore, the key players those are producing carbon prepreg fiber in the industry are undertaking several strategic initiatives to improve their business. For instance, in March 2018, Toray, the leading supplier of carbon fiber, entered into an agreement with Koninklijke Ten Cate B.V to buy all shares of its subsidiary “TenCate Advanced Composites Holding B.V”.

Hot melt process is gaining momentum in the global prepreg industry

Owing to its ability to use for both fabric prepregs as well as unidirectional prepregs, the hot melt process is adopted by most of the manufacturers. Also, the cost-effectiveness of this process is likely to fuel its adoption in future.

Companies from various countries are highly focusing to develop innovative hot melt technologies. For instance, recently, Velox, a European provider of raw material specialities, and its partner c-m-p, an expert in the development and manufacturing of high-performance fiber prepregs, introduced a “new hot-melt solvent-free prepreg impregnation technology”.

Aerospace & defense sector leads the global prepreg market

Increasing demand for fuel-efficient aircraft and rising need for lightweight & corrosion-resistant parts are key growth drivers that are enhancing the product demand in aerospace and defense application. As the prepreg is used in the manufacturing of several aerospace parts including air ducts, ceiling panels, lavatories, cargo & passenger floor panels, fins & winglets, cabin linings, overhead compartments, on account of their lightweight nature.

On the other hand, emerging government regulations and policies to strengthen the United States military sector has led to rise in the country’s defense budget, which will positively impact the defense sector. This may results in high demand for prepreg, which will encourage the key players to expand their production volume.

North America prepreg market holds the major share

The report analyses the global prepreg market for countries across North America, Europe, South & Central America and Middle East & Africa.

North America occupies major share in the prepreg market, which is attributed to the presence of a robust aerospace and wind energy sectors in the region. These sectors in North America are forecast to grow at a higher rate in near future, which in turn is likely to augment the prepreg demand.

The emerged countries in the region including the United States and Canada are the major contributors to the prepreg market advancements.  The prepreg market is projected to further expand in North American countries owing to the presence of key industry players coupled with ongoing economic advancements. Park Electrochemical Corp., Huntsman International LLC, Axiom Materials are some of the major players in the North American market.

Asia-Pacific is estimated to become as the fastest growing market for prepreg over the forecast period 2019-2025. The market growth is mainly driven by increasing demand for prepreg from construction industry in some Asian countries such as China and South Korea. Strong impetus by ASEAN governments to accelerate the building and construction activities will further drive the prepreg industry growth.

Key participants operating in global prepreg market

Axiom Materials, Composite Resources Inc., Gurit, Huntsman International LLC, Hexcel Corporation, Isola Group, Koninklijke Ten Cate BV, Mitsubishi Chemical Carbon Fiber and Composites Inc., Park Electrochemical Corp., and SGL Group the key players operating in global prepreg market.

Scope

Long term perspective on the Prepreg industry: 2018 (base year), 2019- 2025 (forecast period)

Prepreg Market- Forecasts by Segments- Resin Type, Fiber Type, Manufacturing Process and Application by geography.

  1. The report provides the prepreg market outlook by 2 resin types including thermoset prepreg and thermoplastic prepreg.
  2. The research work categorizes the global prepreg market based on fiber type into 3 categories including glass fibre prepreg, carbon fibre prepreg and aramid fibre prepreg.
  3. The report categorizes the market based on manufacturing process into 2 categories including hot-melt process and solvent dip process.
  4. It provides the market outlook by 5 applications including automotive, sporting goods, electronics, aerospace & defense and others.
  5. Prepreg market across countries in 5 regions including North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa are covered.

Prepreg Market- Strategic Analysis Review

  1. Key strategies opted by leading players
  2. Short to Long Term Industry Trends
  3. Porter’s Five Forces Analysis
  4. Supply side and Demand Side Drivers and Challenges

Prepreg Market- Growth Opportunities

  1. Potential New Business Opportunities
  2. Key Areas of Focus in forecast period

Prepreg Market- Competitive Scenario

  1. 10 companies are analysed in the report including Axiom Materials, Composite Resources Inc., Gurit, Huntsman International LLC, Hexcel Corporation, Isola Group, Koninklijke Ten Cate BV, Mitsubishi Chemical Carbon Fiber and Composites Inc., Park Electrochemical Corp., and SGL Group.
  2. Company Peer-to-Peer Comparison
  3. Company Profile and SWOT Analysis
  4. Financial Analysis

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Table of Contents
1. Table of Contents

1.1 List of Tables
1.2 List of Figures
2. Introduction to Global Prepreg Market
2.1 Global Prepreg Market Snapshot, 2018
2.2 Prepreg Industry Overview
2.3 Research Perspective
3. Global Prepreg Market- Strategic Analysis
3.1 Short Term and Long Term Industry Trends Affecting Global Prepreg Market
3.2 Leading Prepreg Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Prepreg
3.4 Potential Markets Vital for business Expansion
3.5 Five Forces Analysis
3.6 Drivers and Restraints
4. Global Prepreg Market Outlook and Growth Opportunities by Resin Type
4.1 Thermoset Prepreg Market Outlook, 2019- 2025
4.2 Thermoplastic Prepreg Market Outlook, 2019- 2025
5. Global Prepreg Market Outlook and Growth Opportunities by Fiber Type
5.1 Glass Fibre Prepreg Market Outlook, 2019- 2025
5.2 Carbon Fibre Prepreg Market Outlook, 2019- 2025
5.3 Aramid Fibre Prepreg Market Outlook, 2019- 2025
6. Global Prepreg Market Outlook and Growth Opportunities by Manufacturing Process
6.1 Hot-Melt Process Demand in Prepreg Market Outlook, 2019- 2025
6.2 Solvent Dip Process Demand in Prepreg Market Outlook, 2019- 2025
7. Global Prepreg Market Outlook and Growth Opportunities by Application
7.1 Prepreg Demand in Automotive, Market Outlook, 2019- 2025
7.2 Prepreg Demand in Sporting Goods, Market Outlook, 2019- 2025
7.3 Prepreg Demand in Electronics, Market Outlook, 2019- 2025
7.4 Prepreg Demand in Aerospace & Defense, Market Outlook, 2019- 2025
7.5 Prepreg Demand in Other Applications, Market Outlook, 2019- 2025
8. Asia Pacific Prepreg Market Outlook and Growth Opportunities
8.1 Key Findings, 2018
8.2 Asia Pacific Prepreg Market Outlook by Resin Type, 2019- 2025
8.3 Asia Pacific Prepreg Market Outlook by Fiber Type, 2019- 2025
8.4 Asia Pacific Prepreg Market Outlook by Manufacturing Process, 2019- 2025
8.5 Asia Pacific Prepreg Market Outlook by Application, 2019- 2025
8.6 Asia Pacific Prepreg Market Outlook by Country, 2019- 2025
9. Europe Prepreg Market Outlook and Growth Opportunities
9.1 Key Findings, 2018
9.2 Europe Prepreg Market Outlook by Resin Type, 2019- 2025
9.3 Europe Prepreg Market Outlook by Fiber Type, 2019- 2025
9.4 Europe Prepreg Market Outlook by Manufacturing Process, 2019- 2025
9.5 Europe Prepreg Market Outlook by Application, 2019- 2025
9.6 Europe Prepreg Market Outlook by Country, 2019- 2025
10. North America Prepreg Market Outlook and Growth Opportunities
10.1 Key Findings, 2018
10.2 North America Prepreg Market Outlook by Resin Type, 2019- 2025
10.3 North America Prepreg Market Outlook by Fiber Type, 2019- 2025
10.4 North America Prepreg Market Outlook by Manufacturing Process, 2019- 2025
10.5 North America Prepreg Market Outlook by Application, 2019- 2025
10.6 North America Prepreg Market Outlook by Country, 2019- 2025
11. South & Central America Prepreg Market Outlook and Growth Opportunities
11.1 Key Findings, 2018
11.2 South & Central America Prepreg Market Outlook by Resin Type, 2019- 2025
11.3 South & Central America Prepreg Market Outlook by Fiber Type, 2019- 2025
11.4 South & Central America Prepreg Market Outlook by Manufacturing Process, 2019- 2025
11.5 South & Central America Prepreg Market Outlook by Application, 2019- 2025
11.6 South & Central America Prepreg Market Outlook by Country, 2019- 2025
12. Middle East & Africa Prepreg Market Outlook and Growth Opportunities
12.1 Key Findings, 2018
12.2 Middle East & Africa Prepreg Market Outlook by Resin Type, 2019- 2025
12.3 Middle East & Africa Prepreg Market Outlook by Fiber Type, 2019- 2025
12.4 Middle East & Africa Prepreg Market Outlook by Manufacturing Process, 2019- 2025
12.5 Middle East & Africa Prepreg Market Outlook by Application, 2019- 2025
12.6 Middle East & Africa Prepreg Market Outlook by Country, 2019- 2025
13. Competitive Landscape
13.1 Leading Players (Company Profile, SWOT Analysis, Prepreg Products, Financial Analysis)
13.1.1 Axiom Materials
13.1.2 Composite Resources Inc.
13.1.3 Gurit
13.1.4 Huntsman International LLC
13.1.5 Hexcel Corporation
13.1.6 Isola Group
13.1.7 Koninklijke Ten Cate BV
13.1.8 Mitsubishi Chemical Carbon Fiber and Composites Inc.
13.1.9 Park Electrochemical Corp.
13.1.10 SGL Group
13.2 Company Benchmarking
13.3 Financial Analysis
14. Recent News and Deals Landscape
14.1 Mergers and Acquisitions
14.2 New Product Launches
14.3 Asset Transactions
14.4 Financial Announcements
15 Appendix
15.1 OGAnalysis Expertise
15.2 Sources and Research Methodology
15.3 Contact Information



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