The prepreg global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Prepreg Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The prepreg market size has grown rapidly in recent years. It will grow from $8.79 billion in 2023 to $9.95 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to growth in aerospace and aviation industries, demand for lightweight and high-performance composites, expansion of automotive and wind energy applications, development of advanced prepreg materials, regulatory standards for material safety, advancements in composite manufacturing technology, increase in sports and leisure equipment..
The prepreg market size is expected to see rapid growth in the next few years. It will grow to $16 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to sustainable and recyclable prepreg materials, customized prepreg solutions for specific applications, growth in electric and hybrid vehicle production, expansion in space exploration and satellite technology, increased use in medical and healthcare devices.. Major trends in the forecast period include smart and sensor-integrated prepreg composites, regulatory compliance in prepreg material safety, bio-based and biodegradable prepreg materials, nanotechnology-enhanced prepreg composites, personalized prepreg solutions for specific industries..
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Scope Of Prepreg Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Prepreg Market Overview
Market Drivers –
Growing automotive production is expected to propel the growth of the prepreg market going forward. Automotive refers to the design, operation, manufacture, or sale of automobiles. Prepregs are used for high-performance applications in industries like aerospace, defence, automotive, sports, and wind energy. For instance, in 2021, according to ACEA, a Belgium-based association of the automobile industry, 79.1 million motor vehicles were produced around the world, an increase of 1.3% compared to 2020. Therefore, growing automotive production is driving the growth of the prepreg market.
The prepreg market covered in this report is segmented –
1) By Type of Fiber Reinforcement: Carbon Fiber Prepreg, Glass Fiber Prepreg, Other Types of Fiber Reinforcement
2) By Form: Tow Prepreg, Fabric Prepreg
3) By Manufacturing Process: Hot-Melt Process, Solvent Dip Process
4) By Application: Aerospace And Defense, Wind Energy, Automotive, Sporting Goods, Electronics (PCB), Other Applications
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Regional Insights –
North America was the largest region in the prepreg market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the prepreg market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the prepreg market include Axiom Materials Inc., Gurit Holding AG, Hexcel Corporation, Mitsubishi Chemical Carbon Fiber And Composites Inc., Park Aerospace Corporation, Solvay S.A., Teijin Limited, Toray Industries Inc., Plastic Reinforcement Fabrics Ltd., Rock West Composites Inc., SHD Composite Materials Ltd., GMS Composites, ACP Composites Inc., Celanese Corporation, SGL Group SE, Hanyang Corporation, Composites One, Saudi Basic Industries Corporation (SABIC), Airtech Advanced Materials Group, Isola Group, Olin Corporation, Zoltek Companies Inc., Park Electrochemical Corp., Henkel AG & Co. KGaA, Socomore, Kineco Group, Cristex, North Thin Ply Technology (NTPT)
Table of Contents
1. Executive Summary
2. Prepreg Market Characteristics
3. Prepreg Market Trends And Strategies
4. Prepreg Market – Macro Economic Scenario
5. Global Prepreg Market Size and Growth
…
31. Global Prepreg Market Competitive Benchmarking
32. Global Prepreg Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Prepreg Market
34. Prepreg Market Future Outlook and Potential Analysis
35. Appendix
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