Overview and Scope
Carbon fiber prepreg is a carbon fiber material that has been resin-impregnated prior to shipping. It is used in several industries, including aerospace and automotive, and is commonly cut with machine tools.
Sizing and Forecast
The carbon fiber prepreg market size has grown rapidly in recent years. It will grow from $9.53 billion in 2023 to $10.5 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to increased demand from aerospace industry, automotive lightweighting trend, sports and leisure applications, wind energy growth, high strength-to-weight ratio.
The carbon fiber prepreg market size is expected to see strong growth in the next few years. It will grow to $15.25 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to increased use in electric vehicles, infrastructure development in emerging economies, expansion in renewable energy projects, rising aerospace budgets, global focus on sustainable materials. Major trends in the forecast period include development of hybrid composite materials, automation and robotics in manufacturing, renewable energy sector adoption, innovations in manufacturing processes, widespread use in 3d printing.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/carbon-fiber-prepreg-global-market-report
Segmentation & Regional Insights
The carbon fiber prepreg market covered in this report is segmented –
1) By Type: Thermoset, Thermoplastic
2) By Manufacturing Process: Hot Melt, Solvent Dip
3) By Resin: Phenolic, Epoxy, Bismaleimide, Polyimide, Cynate Ester, Polyether Ether Ketone(PEEK), Other Resin
4) By End User: Aerospace And Defense, Automotive, Wind Energy, Sports And Recreation, Other End Users
Top 5 Major Players:
- Amsurg,
- IntegraMed America,
- Terveystalo,
- Aspen Healthcare,
- Medical Facilities Corporation
Europe was the largest region in the carbon fiber prepeg market in 2023. The regions covered in the carbon fiber prepreg market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9448&type=smp
Major Driver Impacting Market Growth
A steady expansion of the automotive industry is expected to boost the growth of the carbon fiber prepreg market going forward. The automotive industry refers to the industry that includes the manufacture and sale of motor vehicles. Carbon fiber prepregs are widely used in high-end automotive sectors worldwide, in addition to racing automobiles and bikes, sports and recreation, and the industrial sector, due to their lightweight, temperature resistance, chemical resistance, and excellent structural performance and mechanical properties for vehicles. For instance, in April 2022, In a report published by European Automobile Manufacturers Association, in 2021, 79.1 million motor vehicles were produced worldwide, a 1.3% increase over 2020. Additionally, according to the Global EV Outlook 2021, consumers spent USD 120 billion on electric vehicle purchases in 2020, a 50% increase over 2019. Therefore, the steady expansion of the automotive industry is driving the growth of the carbon fiber prepreg market.
Key Industry Players
Major companies operating in the carbon fiber prepreg market are focused on developing next-generation materials, such as the carbon fiber epoxy prepreg tooling material, for efficient composite manufacturing. Carbon fiber epoxy prepreg tooling material is a composite material used in manufacturing processes, consisting of carbon fiber reinforcement impregnated with epoxy resin. For instance, in September 2022, Solvay, a Belgium-based chemical company launched LTM 350, a carbon fiber epoxy prepreg tooling material that revolutionizes composite tooling with its fast lay-up, rapid initial cure (3 hrs at 60°C), and short post-cure cycles. It enables efficient construction of composite tools for industries like aerospace and automotive by offering a low-temperature cure and suitability for autoclave and out-of-autoclave applications. LTM 350’s user-friendly features and optimized lay-up formats contribute to cost savings and enhanced productivity.
The carbon fiber prepreg market report table of contents includes:
1. Executive Summary
2. Carbon Fiber Prepreg Market Characteristics
3. Carbon Fiber Prepreg Market Trends And Strategies
4. Carbon Fiber Prepreg Market – Macro Economic Scenario
5. Global Carbon Fiber Prepreg Market Size and Growth
….
31. Global Carbon Fiber Prepreg Market Competitive Benchmarking
32. Global Carbon Fiber Prepreg Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Carbon Fiber Prepreg Market
34. Carbon Fiber Prepreg Market Future Outlook and Potential Analysis
35. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Carbon Fiber Prepreg Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Carbon Fiber Prepreg Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Carbon Fiber Prepreg Market, Segmentation By Resin, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Amsurg Financial Performance
Table 76: IntegraMed America Financial Performance
Table 77: Terveystalo Financial Performance
Table 78: Aspen Healthcare Financial Performance
Table 79: Medical Facilities Corporation Financial Performance
Explore the trending research reports from TBRC:
https://topprnews.com/mobile-network-drive-test-equipment-market-share/
https://topprnews.com/railway-cybersecurity-market-size/
https://topprnews.com/robotic-process-automation-in-bfsi-market-size/
https://goodprnews.com/mobile-network-drive-test-equipment-market-share/
https://goodprnews.com/railway-cybersecurity-market-size/
https://goodprnews.com/robotic-process-automation-in-bfsi-market-size/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
