Global Carbon Fiber Prepreg Market is expected to foresee significant growth. North America to lead the growth!
- Vikas Kumar
- January 13, 2023
- CHEMICAL, NEWS
- Asia Carbon Fiber Prepreg Market, Carbon Fiber Prepreg, Carbon Fiber Prepreg Market, Carbon Fiber Prepreg Market analysis, Carbon Fiber Prepreg Market forecast, Carbon Fiber Prepreg Market growth, Carbon Fiber Prepreg Market shape, Carbon Fiber Prepreg Market share, Carbon Fiber Prepreg Market size, Carbon Fiber Prepreg Market trends, Europe Carbon Fiber Prepreg Market, Middle east Carbon Fiber Prepreg Market, US Carbon Fiber Prepreg Market
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Carbon Fiber Prepreg is defined as the laminate composites of fiber sheets that are impregnated with polymer resins (plastics) that have not been fully cured. Fiber sheets are often fiberglass, carbon fiber, or polyaramid (Kevlar). In addition, materials in this form are often called B-staged. In recent years the demand for carbon fiber prepreg has risen dramatically due to the increasing usage of hockey sticks, tennis racquets, archery bows, golf clubs, rowing shells, and bicycles. They are also used in the making of sports clothing, protective gear, racing helmets, and shoes.
The Carbon Fiber Prepreg Market is expected to grow at a steady rate of around 9% owing to the increasing demand for fuel-efficient cars coupled with the growing adoption of carbon fiber prepreg in agriculture and military & defense sectors. Major companies in the market offer carbon fiber prepreg for military and defense applications with technologically advanced features. For instance, Solvay launches LTM 350 low-temperature prepreg for unprecedented fast tooling with fast lay-up, fast initial cure, and short post-cure cycles.
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Based on resin type, the market is segmented into epoxy, bismaleimide, cyanate ester, thermoplastic, phenolic, and others. The epoxy resin type category is expected to witness the highest CAGR during the forecast period owing to its high strength-to-weight ratio and improved heat corrosion and moisture resistivity. They are highly used by many industries such as aerospace, defense, sports & leisure, wind, and others. Furthermore, the entry of global players into emerging markets adds to the growth of the market. For instance, Solvay launches epoxy prepreg for aerostructures compression molding for high-quality, high-rate, cost-effective primary and secondary aerostructures.
On the basis of the manufacturing process, the market is categorized into hot melt and solvent dip. Among these, the hot melt held a significant share of the market in 2020. This is mainly because of its advantages over others as they can produce both fabric and unidirectional prepregs. In addition, the resin is impregnated into the fiber using pressure and heat to create the final prepreg, which is then wound on a core. Also, this hot melt is a combination of heat and pressure used in the prepreg process to move the film resin from the carrier paper into the fiber bundle. Thus, hot melt carbon fiber prepreg offers better control capability and performance in the field.
Based on end-user, the carbon fiber prepreg market has been classified into aerospace and defense, automotive, wind energy, sports & leisure, and others. The aerospace and defense category is to witness higher adoption of carbon fiber prepreg during the forecast period. This is mainly due to the highly cost-effective, environment-friendly, fuel-efficient vehicles, and extensive applications. In addition, many major players are using carbon fiber prepreg as it is lightweight, easy to manufacture, and has high tensile strength. For instance, Airbus S.A. Boeing uses carbon fiber prepreg to manufacture commercial aircraft, fighter jets, and cargo aircraft.
For a detailed analysis of the Global Carbon Fiber Prepreg Market browse through- https://univdatos.com/report/carbon-fiber-prepreg-market/
For a better understanding of the market adoption of the carbon fiber prepreg industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America held a prominent share and is expected to grow at a substantial CAGR during the forecast period. Increasing demand for lightweight products from the advanced aerospace, defense, and automotive industries as they contribute to improving the performance of various products. In addition, the increasing use of carbon fiber prepregs in the manufacture of fighter jets, commercial aircraft, and transport aircraft continues to drive market growth in the region. Also, major players in the market continue to work towards the better usage of carbon fiber prepreg. For instance, Toray announced the Launch of the Flexible and Highly Adaptive 2700 Prepreg System that meets the demand for both performance and process flexibility. Epoxy-based 2700 is a high-performance, patented resin technology geared toward emerging aerospace programs.
Some of the major players operating in the market include Solvay S.A., Gurit Holdings AG, Toray Industries Inc, SGL Carbon SE, Park Electrochemical Corp, Axiom Materials Inc., Hexcel Corporation, Mitsubishi Chemical Holdings Corporation, Teijin Limited, Royal Ten Cate N.V.
Global Carbon Fiber Prepreg Market Segmentation
Market Insight, by Resin Type
• Epoxy
• Bismaleimide
• Cyanate Ester
• Thermoplastic
• Phenolic
• Others
Market Insight, by Manufacturing Type
- Hot Melt
- Solvent Dip
Market Insight, by End-User
• Aerospace and Defense
• Automotive
• Wind Energy
• Sports & Leisure
• Others
Market Insight, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Solvay S.A.
- Gurit Holdings AG
- Toray Industries Inc
- SGL Carbon SE
- Park Electrochemical Corp
- Axiom Materials Inc.
- Hexcel Corporation
- Mitsubishi Chemical Holdings Corporation
- Teijin Limited
- Royal Ten Cate N.V.
