Global Carbon Fiber Prepreg Market Outlook & Forecast up to 2021


Posted August 14, 2018 by abhijeetw1

The carbon fiber prepreg market is projected to reach USD 7.20 Billion by 2021, at a CAGR of 11.0% during the forecast period, 2016 to 2021.

 
The carbon fiber prepreg market is projected to reach USD 7.20 Billion by 2021, at a CAGR of 11.0% during the forecast period, 2016 to 2021. Increasing use of carbon fiber prepregs in the aerospace & defense, automotive, and sports & leisure industries is expected to fuel the growth of the carbon fiber prepreg market during the forecast period. Moreover, long life of products manufactured using carbon fiber prepregs, their low maintenance requirements, urbanization taking place across the globe, economic growth of emerging economies, and development and launch of various innovative products are the key factors expected to lead towards the growth of the carbon fiber prepreg market from 2016 to 2021.

The carbon fiber prepreg market has been segmented on the basis of resin type, application, manufacturing process, and region. On the basis of resin type, the carbon fiber prepreg market has been segmented into epoxy, phenolic, bismaleimide (BMI), cyanate ester, thermoplastic, and others. The epoxy resin type segment of the carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period, as epoxy resin-based carbon fiber prepregs offer both, increased operational stability at high temperatures and pressures as well as improved impact resistance. They are cheaper as compared to other resins.

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On the basis of application, the carbon fiber prepreg market has been segmented into aerospace & defense, automotive, sports & leisure, wind, and others. The aerospace & defense segment is leading the carbon fiber prepreg market, in terms of value and volume. Carbon fiber prepregs are lightweight and offer resistance to moisture, chemicals, and corrosion. They exhibit increased operational stability at high temperatures in comparison to materials made of other conventional materials, such as thermoset composites and metallic alloys. As such, carbon fiber prepregs are being increasingly used in the aerospace & defense industry.

Among resin types, the epoxy segment is leading the carbon fiber prepreg market, in terms of value.

The epoxy segment is leading the carbon fiber prepreg market, owing to increased use of epoxy resins in various applications, such as aerospace & defense, automotive, sports & leisure, and wind, among others. Epoxy resin-based carbon fiber prepregs offer high strength to weight ratio and increased resistance to heat, moisture, and corrosion. They require less maintenance and offer high durability.

Among applications, the aerospace & defense segment is leading the carbon fiber prepreg market, in terms of value and volume.

On the basis of application, the carbon fiber prepreg market has been segmented into aerospace & defense, automotive, sports & leisure, wind, and others. The aerospace & defense application segment is leading the carbon fiber prepreg market, in terms of value and volume. Carbon fiber prepregs are lightweight and offer resistance to moisture, chemicals, and corrosion. They have increased operational stability at high temperatures in comparison to materials made from other conventional materials, such as thermoset composites and metallic alloys. As such, carbon fiber prepregs are being increasingly used in the aerospace & defense industry, which, in turn, is fueling the growth of the aerospace & defense segment of the carbon fiber prepreg market.

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This study focuses on the top investment pockets, which would help the stakeholders to understand and analyze the emerging trends in the carbon fiber prepreg market. These stakeholders include:

Cytec Solvay Group (Brussels, Belgium)
Royal TenCate N.V. (Almeo, Netherlands)
Teijin Limited (Osaka, Japan)
Toray Industries, Inc. (Tokyo, Japan)
Hexcel Corporation (Connecticut, U.S.)
SGL Group (Wiesbaden, Germany)
Gurit Holding AG (Wattwil, Switzerland)
Park Electrochemical Corporation (Melville, U.S.)
Mitsubishi Rayon Co., Ltd. (Japan)
Axiom Materials (California, U.S.)
Carbon Fiber Prepreg Market, by Resin Type

Epoxy
Phenolic
Bismaleimide (BMI)
Cyanate Ester
Thermoplastic
Others
Carbon Fiber Prepreg Market, by Application

Aerospace & Defense
Automotive
Sports & Leisure
Wind
Others

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Issued By marketsandmarkets
Country United States
Categories Business , Industry , Manufacturing
Tags carbon fiber prepreg , carbon fiber prepreg market
Last Updated August 14, 2018