Prepreg Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Prepreg has been gaining immense popularity as one of the key building blocks of the ever-expanding composites landscape. Increasing practices of impregnating composite fibers with specialty resins remains a key sales influencer of prepreg. Prepreg plays a crucial role in ensuring uniform distribution of resins and fibers throughout a composite framework, validating growth of the global market through 2028.
Increasing applications of structural composites in applications of everyday life is providing a fillip to sales of prepreg. Beginning extensively used across aerospace applications, demand for prepreg is also increasing in industrial ecosystems, automotive industry, traditional defense, sporting goods, and many other areas. Trends demonstrating augmented adoption of composites is foreseen to complement the sales of prepreg.
Prepreg Market- Notable Highlights
Some of the most prominent competitors operating in the competitive landscape of global prepreg market include –
Prepreg Market Dynamics
Surging Demand for Lightweight & Durable Materials in Aerospace Component Manufacturing Creates Opportunities
The demand for prepreg is taking off significantly, across developing as well as developed regions. This demand can be attributed to rapid transition toward lightweight and durable materials for manufacturing aerospace components. In addition, rising production of light-weight blades for wind turbines has led to increased adoption of prepreg.
The demand for prepreg is likely to benefit from growth of other industries, such as wind turbine and automotive, who are actively seeking high-performance prepreg solutions.
Asia Pacific Continues to Spearhead Demand for Prepreg
Asia-Pacific retains its lucrativeness in the prepreg market, notably in chief areas such as China & India. Exponential growth of wind energy industry and burgeoning investments in aerospace & defense remain the key pacesetters of growth of prepreg market in the Asia Pacific region. China remains at the forefront in terms of demand for prepreg in Asia-Pacific, followed by India. The consumption statistics of prepreg in the aforementioned regions have grown substantially, owing to unprecedented growth of multiple industries, ranging from wind energy to aerospace & defense.
Prepreg to Find Extensive Applications in Aerospace and Defense
Use of prepreg for manufacturing various aerospace parts, such as passenger & cargo floor panels, lavatories, air ducts, ceiling panels, overhead compartments, and many more, on account of their lightweight attribute. This, in turn, provides credibility to increased use of prepreg in the Aerospace & Defense sector.
Prepreg is extensively employed in manufacturing of numerous components of wind turbines, owing to robust strength and high fatigue resistance. Burgeoning use of prepreg in case of wind turbines is expected to create sustained opportunities for manufacturers over the next few years.
Prepreg Market Segmentation
By Fiber Type
By Resin Type
By Manufacturing Process
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