Global carbon fiber prepreg market is anticipated to grow appreciably in the forecast period of 2028 due to the growing demand from the wind energy sector, growing demand from lightweight vehicles, growing composites industry, rising demand from the end-use industry, growing technological advancement, and increasing government initiatives.
The carbon fiber prepreg market refers to the industry involved in the manufacturing, distribution, and utilization of carbon fiber prepregs. Carbon fiber prepregs are composite materials consisting of carbon fibers impregnated with a matrix material, commonly a thermosetting resin such as epoxy. These prepregs are used in various industries due to their exceptional strength, stiffness, and lightweight properties. The United Kingdom, United States, and Italy are top exporters of carbon fiber prepreg worldwide.
Carbon fiber prepregs are extensively used in the aerospace and defense industry. They are employed in the manufacturing of aircraft components, including wings, fuselages, empennage structures, and interior parts. The lightweight nature of carbon fiber prepregs contributes to fuel efficiency, increased payload capacity, and improved performance of aircraft. In defense applications, they are used in military aircraft, helicopters, unmanned aerial vehicles (UAVs), and ballistic protection systems. Carbon fiber prepregs also uncover its application in the automotive industry to produce lightweight and high-performance components. They are used in the manufacturing of body panels, chassis structures, interior parts, and suspension components. By reducing the weight of vehicles, carbon fiber prepregs help improve fuel efficiency and reduce carbon emissions. The adoption of these materials is particularly prominent in high-end sports cars and electric vehicles (EVs) due to their emphasis on performance and range.
Carbon fiber prepregs are extensively used in the production of sporting goods and equipment, such as bicycles, golf clubs, tennis rackets, hockey sticks, and fishing rods. These materials provide superior strength, stiffness, and impact resistance, enabling the production of high-performance sports equipment. The lightweight nature of carbon fiber prepregs allows athletes to achieve better control, maneuverability, and overall performance. Moreover, the marine industry utilizes carbon fiber prepregs for various applications, including boat building, yacht construction, and marine components. Carbon fiber prepregs offer high strength and corrosion resistance, making them suitable for hulls, decks, masts, and other structural parts. Their lightweight properties contribute to fuel efficiency and speed in marine vessels. Owing to its lightweight and high-strength properties, the carbon fiber prepreg is widely used in different applications and drives the global carbon fiber prepreg market growth.
Bolstering Wind Energy Sector is Propelling Factor for Carbon Fiber Prepreg Market
Wind turbine blades need to be lightweight yet strong to withstand the dynamic loads imposed by wind and other environmental conditions. Carbon fiber prepregs offer an excellent strength-to-weight ratio, making them ideal for manufacturing longer and more efficient wind turbine blades. The lightweight nature of carbon fiber prepregs reduces the overall weight of the blades, enabling higher energy output and improved performance. The global wind energy capacity has been expanding rapidly as countries aim to increase their renewable energy generation. Wind turbines are being installed in onshore and offshore locations, driving the demand for carbon fiber prepregs used in wind turbine blade production. As the wind energy sector continues to grow, there is a corresponding increase in the requirement for carbon fiber prepregs to support this expansion. In 2021, wind electricity generation was increased by 17% (273 TWh) which was 55% higher growth than that attained in 2020 and plan to reach almost 8000 TWh in 2030. As an outcome, wind energy experienced the highest growth among all renewable power technologies such as solar, biomass, etc.
Carbon fiber prepregs contribute to the improved efficiency of wind turbines. By using carbon fiber prepregs in blade manufacturing, turbine manufacturers can design longer and more aerodynamic blades. Longer blades capture more wind energy, resulting in higher energy generation. As wind energy projects aim to maximize energy output and minimize costs, carbon fiber prepregs become crucial in achieving these objectives.
Wind turbine blades are subject to continuous cyclic loading and harsh environmental conditions, including wind, rain, and temperature variations. Carbon fiber prepregs offer excellent durability and fatigue resistance, ensuring the longevity and reliability of wind turbine blades. The utilization of carbon fiber prepregs helps extend the lifespan of blades, reducing maintenance and replacement costs.
Advancements in wind turbine technology, such as larger rotor diameters and higher hub heights, have led to increased requirements for longer and stronger blades. Carbon fiber prepregs provide the necessary strength and lightweight characteristics to meet these demands. Ongoing research and development in wind energy technology drive innovations in carbon fiber materials and manufacturing processes, further propelling the growth of the carbon fiber prepreg market.
Governments worldwide are implementing supportive policies and setting renewable energy targets to reduce carbon emissions and combat climate change. These initiatives promote the expansion of wind energy capacity, creating a favorable market environment for carbon fiber prepregs. The demand for clean and sustainable energy sources drives investments in wind energy projects, thereby increasing the requirement for carbon fiber prepregs.
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Growing Demand from Light Weight Vehicles
The growing demand for lightweight vehicles, driven by fuel efficiency, emission regulations, electric vehicle adoption, performance, and consumer preferences, creates a significant market opportunity for carbon fiber prepregs. The automotive industry is under increasing pressure to improve fuel efficiency and reduce emissions to meet stringent regulatory standards and address environmental concerns. Carbon fiber prepregs offer a high strength-to-weight ratio, making them an attractive material for lightweight vehicle construction such as the “1981 McLaren MP4/1 Formula 1 car”. By using carbon fiber prepregs, automakers can reduce the weight of vehicles, leading to improved fuel efficiency and lower carbon emissions.
The rapid growth of the electric vehicle market is further driving the demand for lightweight materials like carbon fiber prepregs. Electric vehicles such as “Aptera solar-assisted EV” require lightweight structures to maximize their range and battery efficiency. Carbon fiber prepregs are crucial in manufacturing lightweight EV components, including body panels, chassis, and interior parts. The adoption of EVs is projected to increase significantly, contributing to the rising demand for carbon fiber prepregs. Electric car markets are predicting exponential growth as sales surpassed 10 million EV cars in 2022. A total of 14% of the new cars sold worldwide were electric in 2022.
Carbon fiber prepregs offer exceptional strength and stiffness properties, enhancing vehicle performance and safety. They can be used in critical structural components, such as body frames and crash structures, to improve impact resistance and occupant protection. Carbon fiber prepregs provide high energy absorption capabilities, making them valuable for crashworthiness and structural integrity. The demand for lightweight vehicles with superior performance and safety attributes drives the need for carbon fiber prepregs. Carbon fiber is often associated with luxury and high-performance vehicles due to its premium aesthetics and performance characteristics. Luxury automakers and manufacturers of high-performance sports cars utilize carbon fiber prepregs extensively to achieve lightweight designs without compromising on strength and rigidity. The demand for luxury and high-performance vehicles continues to grow, contributing to the increased use of carbon fiber prepregs in the automotive industry.
Furthermore, continuous advancements in carbon fiber manufacturing technologies, such as automated lay-up processes and resin infusion techniques, have made carbon fiber prepregs more accessible and cost-effective. These advancements have reduced production complexities, improved manufacturing efficiency, and lowered the overall cost of carbon fiber prepregs. As a result, automotive manufacturers are increasingly incorporating carbon fiber prepregs in their production processes, further driving the market growth. Apart from these, consumers are increasingly seeking vehicles that offer better fuel efficiency, advanced technologies, and sustainability features. Lightweight vehicles made with carbon fiber prepregs align with these consumer preferences. Additionally, automakers differentiate their brands by incorporating carbon fiber components, showcasing their commitment to innovation, performance, and environmental responsibility. This drives the demand for carbon fiber prepregs as automakers strive to meet consumer expectations and market trends. Hence, automotive manufacturers are increasingly integrating carbon fiber prepregs into their vehicle designs, leading to the continued growth and expansion of the carbon fiber prepreg market.
Recent Developments
- In 2018, Toray Industries, acquired Tencate Advanced Composites, a Dutch manufacturer of thermoplastic and thermoset composites. The deal, valued at USD 1006.11 million, will strengthen Toray’s position in the aerospace and automotive markets and expand its product portfolio and geographical reach.
- In 2019, Mitsubishi Chemical Corporation (MCC), acquire two European companies that specialize in carbon fiber recycling: CFK Valley Stade Recycling GmbH & Co. KG (CFK) and carboNXT GmbH (carboNXT). The acquisition is expected to expand MCC’s carbon fiber business and contribute to a circular economy by utilizing the recycling technologies and networks of CFK and carboNXT.
Market Segmentation
Global carbon fiber prepreg market is segmented based on the manufacturing process, resin type, end-use, and region. Based on the manufacturing process, the market is segmented into solvent dip and hot melt. Based on resin type, the market is fermentation, epoxy, phenolic, thermoplastic, and others. Based on the end-use industry, the market is categorized into aerospace & defense, wind energy, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Company Profiles
Mitsubishi Rayon Co. Ltd., Solvay SA, Teijin Limited, BASF SE, Toray Industries Inc., Hexcel Corporation, Gurit Holding Ag, SGL Carbon SE, Park Electrochemical Corporation, and Axiom Materials, Inc. are some of the key players of global carbon fiber prepreg market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Manufacturing Process
Resin Type End Use Industry |
| Regional Scope | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Country Scope | United States, Mexico, Canada, Germany, Spain, United Kingdom, France, Italy, Russia, China, India, Japan, Australia, Brazil, Colombia, Argentina, South Africa, Saudi Arabia, and UAE. |
| Key Companies Profiled | Mitsubishi Rayon Co. Ltd., Solvay SA, Teijin Limited, BASF SE, Toray Industries Inc., Hexcel Corporation, Gurit Holding Ag, SGL Carbon SE, Park Electrochemical Corporation, and Axiom Materials, Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global carbon fiber prepreg market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Carbon Fiber Prepreg Market, By Manufacturing Process:
- Solvent Dip
- Hot Melt
- Carbon Fiber Prepreg Market, By Resin Type:
- Epoxy
- Phenolic
- Thermoplastic
- Others
- Carbon Fiber Prepreg Market, By End Use Industry:
- Aerospace & Defence
- Wind Energy
- Others
- Carbon Fiber Prepreg Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- Germany
- Spain
- United Kingdom
- France
- Italy
- Russia
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- South America
- Brazil
- Colombia
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- North America
Competitive landscape
Company Profiles: Detailed analysis of the major companies present in the global carbon fiber prepreg market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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Table of Content-Carbon Fiber Prepreg Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global Carbon Fiber Prepreg Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Manufacturing Process (Solvent Dip and Hot Melt),
4.2.2. By Resin Type (Epoxy, Phenolic, Thermoplastic, and Others),
4.2.3. By End Use Industry (Aerospace & Defence, Wind Energy, and Others),
4.2.4. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
4.2.5. By Company (2022)
4.3. Market Map
- North America Carbon Fiber Prepreg Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Manufacturing Process
5.2.2. By Resin Type
5.2.3. By End Use Industry
5.2.4. By Country
5.3. Pricing Analysis
5.4. North America: Country Analysis
5.4.1. United States Carbon Fiber Prepreg Market Outlook
5.4.1.1. Market Size & Forecast
5.4.1.1.1. By Value & Volume
5.4.1.2. Market Share & Forecast
5.4.1.2.1. By Manufacturing Process
5.4.1.2.2. By Resin Type
5.4.1.2.3. By End Use Industry
5.4.2. Mexico Carbon Fiber Prepreg Market Outlook
5.4.2.1. Market Size & Forecast
5.4.2.1.1. By Value & Volume
5.4.2.2. Market Share & Forecast
5.4.2.2.1. By Manufacturing Process
5.4.2.2.2. By Resin Type
5.4.2.2.3. By End Use Industry
5.4.3. Canada Carbon Fiber Prepreg Market Outlook
5.4.3.1. Market Size & Forecast
5.4.3.1.1. By Value & Volume
5.4.3.2. Market Share & Forecast
5.4.3.2.1. By Manufacturing Process
5.4.3.2.2. By Resin Type
5.4.3.2.3. By End Use Industry
- Europe Carbon Fiber Prepreg Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Manufacturing Process
6.2.2. By Resin Type
6.2.3. By End Use Industry
6.2.4. By Country
6.3. Pricing Analysis
6.4. Europe: Country Analysis
6.4.1. Germany Carbon Fiber Prepreg Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Manufacturing Process
6.4.1.2.2. By Resin Type
6.4.1.2.3. By End Use Industry
6.4.2. Spain Carbon Fiber Prepreg Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Manufacturing Process
6.4.2.2.2. By Resin Type
6.4.2.2.3. By End Use Industry
6.4.3. United Kingdom Carbon Fiber Prepreg Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Manufacturing Process
6.4.3.2.2. By Resin Type
6.4.3.2.3. By End Use Industry
6.4.4. France Carbon Fiber Prepreg Market Outlook
6.4.4.1. Market Size & Forecast
6.4.4.1.1. By Value & Volume
6.4.4.2. Market Share & Forecast
6.4.4.2.1. By Manufacturing Process
6.4.4.2.2. By Resin Type
6.4.4.2.3. By End Use Industry
6.4.5. Italy Carbon Fiber Prepreg Market Outlook
6.4.5.1. Market Size & Forecast
6.4.5.1.1. By Value & Volume
6.4.5.2. Market Share & Forecast
6.4.5.2.1. By Manufacturing Process
6.4.5.2.2. By Resin Type
6.4.5.2.3. By End Use Industry
6.4.6. Russia Carbon Fiber Prepreg Market Outlook
6.4.6.1. Market Size & Forecast
6.4.6.1.1. By Value & Volume
6.4.6.2. Market Share & Forecast
6.4.6.2.1. By Manufacturing Process
6.4.6.2.2. By Resin Type
6.4.6.2.3. By End Use Industry
- Asia-Pacific Carbon Fiber Prepreg Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Manufacturing Process
7.2.2. By Resin Type
7.2.3. By End Use Industry
7.2.4. By Country
7.3. Pricing Analysis
7.4. Asia-Pacific: Country Analysis
7.4.1. China Carbon Fiber Prepreg Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Manufacturing Process
7.4.1.2.2. By Resin Type
7.4.1.2.3. By End Use Industry
7.4.2. Japan Carbon Fiber Prepreg Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Manufacturing Process
7.4.2.2.2. By Resin Type
7.4.2.2.3. By End Use Industry
7.4.3. India Carbon Fiber Prepreg Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Manufacturing Process
7.4.3.2.2. By Resin Type
7.4.3.2.3. By End Use Industry
7.4.4. South Korea Carbon Fiber Prepreg Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Manufacturing Process
7.4.4.2.2. By Resin Type
7.4.4.2.3. By End Use Industry
7.4.5. Australia Carbon Fiber Prepreg Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Manufacturing Process
7.4.5.2.2. By Resin Type
7.4.5.2.3. By End Use Industry
- South America Carbon Fiber Prepreg Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Manufacturing Process
8.2.2. By Resin Type
8.2.3. By End Use Industry
8.2.4. By Country
8.3. Pricing Analysis
8.4. South America: Country Analysis
8.4.1. Brazil Carbon Fiber Prepreg Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Manufacturing Process
8.4.1.2.2. By Resin Type
8.4.1.2.3. By End Use Industry
8.4.2. Colombia Carbon Fiber Prepreg Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Manufacturing Process
8.4.2.2.2. By Resin Type
8.4.2.2.3. By End Use Industry
8.4.3. Argentina Carbon Fiber Prepreg Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Manufacturing Process
8.4.3.2.2. By Resin Type
8.4.3.2.3. By End Use Industry
- Middle East and Africa Carbon Fiber Prepreg Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Manufacturing Process
9.2.2. By Resin Type
9.2.3. By End Use Industry
9.2.4. By Country
9.3. Pricing Analysis
9.4. MEA: Country Analysis
9.4.1. South Africa Carbon Fiber Prepreg Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Manufacturing Process
9.4.1.2.2. By Resin Type
9.4.1.2.3. By End Use Industry
9.4.2. Saudi Arabia Carbon Fiber Prepreg Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Manufacturing Process
9.4.2.2.2. By Resin Type
9.4.2.2.3. By End Use Industry
9.4.3. UAE Carbon Fiber Prepreg Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Manufacturing Process
9.4.3.2.2. By Resin Type
9.4.3.2.3. By End Use Industry
- Market Dynamics
10.1. Drivers
10.2. Challenges
- Market Trends & Developments
11.1. Intense investment for ongoing R&D
11.2. Product launch
11.3. Merger and Acquisition
- Global Carbon Fiber Prepreg Market: SWOT Analysis
- Porter’s Five Forces Analysis
13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Product
- Competitive Landscape
14.1. Business Overview
14.2. Product Offerings
14.3. Recent Developments
14.4. Financials (In Case of Listed Companies)
14.5. Key Personnel
14.6. SWOT Analysis
14.6.1. Mitsubishi Rayon Co. Ltd.
14.6.2. Solvay SA
14.6.3. Teijin Limited
14.6.4. BASF SE
14.6.5. Toray Industries Inc.
14.6.6. Hexcel Corporation
14.6.7. Gurit Holding Ag
14.6.8. SGL Carbon SE
14.6.9. Park Electrochemical Corporation
14.6.10. Axiom Materials, Inc.
- Strategic Recommendations
16. About Us & Disclaimer
