Prepreg Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Prepreg Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2019 | Chemical & Materials | PPT format

Report Digest


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

Key companies in the global prepreg market are Axiom Materials Inc., Gurit Holding, Huntsman Corporation, Composite Resources Inc., Cytec Industries Inc., Mitsubishi Chemical Carbon Fiber and Composites, Inc., Hexcel Corporation, Lingol Corporation, Holding Company Composite, Isola Group Ltd., Park Electrochemical Corp, Lewcott Corporation, NACCO Aerospace, and many more.

  • In 2017, Hexcel Corporation announced the launch of MAXIM, a new research and development project of £7.4 million. Multi Axial Infused Materials (MAXIM) is aimed at expansion of its manufacturing facilities in Leicester, a city and unitary authority area in the East Midlands of England. The four-year project, supported and backed by the UK Aerospace Technology Institute as well as match-funded by the Business Energy and Industrial Strategy Department, will be focused on development of progressive and reasonable materials for use in large automotive and aerospace composite structures.
  • In 2018, Axiom Materials Inc. announced an exclusive cooperative program with the Wichita State University’s National Institute of Aviation Research (NIAR). This program is aimed at developing test techniques and data on the company’s ‘Oxide-Oxide ceramic matrix composite (CMC)’ prepreg. This will enable Axiom to deliver credible products with top-notch functionalities, serving the end-user requirements for effective and advanced products.
  • In 2018, Park Electrochemical Corp. (NYSE-PKE) announced launch of ‘RadarWave’, a new and innovative family of prepreg materials for use in manufacture of advanced radome systems, notably for defense and aerospace applications. RadarWave materials are extremely cost effective as compared to the traditional variants, backed by enhanced functionalities.

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

  • Carbon
  • Glass
  • Aramid

By Resin Type

  • Thermoset
  • Thermoplastic

By Manufacturing Process

  • Hot-melt
  • Solvent dip

By Application

  • Aerospace & defense
  • Wind energy
  • Sporting goods
  • Automotive
  • Others

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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