Rising use of carbon fiber prepreg in electric cars, increasing production of commercial aircraft, and expanding manufacturing base of industries such as automotive & auto component to boost global carbon fiber prepreg market through 2024
According to TechSci Research report, “Global Carbon Fiber Prepreg Market By Manufacturing Process, By Resin Type, By End Use Industry, Competition, Forecast & Opportunities, 2024”, global carbon fiber prepreg market is anticipated to grow at a healthy CAGR during forecast period owing to increasing use of carbon fibers in electric cars, growing aircraft production and expanding manufacturing base of industries such as automotive & auto component. Moreover, demand for carbon fiber prepreg is increasing in aerospace & defense, automotive and wind energy industries. On the basis of end user industries, global carbon fiber prepreg market is segmented into aerospace & defense, automotive, sports & recreation, wind energy, automotive and others. Among these industries, aerospace & defense accounts for a major share of the market due to increasing production of aircraft by Boeing and Airbus. The use of carbon fiber prepreg decreases the overall weight of aircraft, thereby, increasing their efficiency.
Browse xx market data Figures and Table spread through 110 Pages and an in-depth TOC on “Global Carbon Fiber Prepreg Market”
Further, among the resin types, Epoxy resins dominates global carbon fiber prepreg market as they are majorly used in aerospace & defense, sports & recreation, automotive, wind energy and other industries. Due to their unique molecular structure, lightweight and strength epoxy resins are used in aircraft tails and fuselage. These resins have properties such as high strength-to-weight ratio, resistance to heat, moisture and corrosion, require less maintenance, and are durable. However, processing cost of epoxy resins is high for various end use applications. Based on regions, the market is segmented into North America, South America, Europe, Asia-Pacific (APAC) and Middle East and Africa (MEA). Europe accounts for the largest market share of carbon fiber prepreg, due to high demand for materials with excellent strength, lightweight, and chemical and corrosion resistance properties and presence of large aircraft manufacturers, electric car manufacturers and offshore wind farm installations in the region.
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“Growing use of carbon fiber prepreg in the manufacturing of commercial, combat and transport aircraft is fuelling growth in North America carbon fiber prepreg market, wherein the US and Canada are the major countries contributing to the growth of the market. Furthermore, Asia-Pacific is also witnessing growth in global carbon fiber prepreg market and is anticipated to demonstrate the same trend during forecast period as well. The growth of the region is led by growing requirement of energy which is augmenting investment in renewable energy especially wind.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Carbon Fiber Prepreg Market By Manufacturing Process, By Resin Type, By End Use Industry, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global carbon fiber prepreg market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in global carbon fiber prepreg market.
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