Carbon Prepreg Market size is forecast to reach $11.53 billion by 2025, after growing at a CAGR of 9.89% during 2020-2025. Carbon composite fibers are being used in aerospace and defense applications due to their performance, such as high strength, rigidity, resistivity to heat and chemicals and various other heat and chemical properties etc. As part of the aerospace industry, carbon composite structures arise. In addition, the use of composite materials in military vehicles is growing. Further, increases the overall demand over forecast period.

Key Takeaways
Teijin, one of the leading carbon Prepreg firms, grows its aircraft business rapidly by developing midstream downstream line-ups and related applications, such as high-tensile, high-tensile and intermediate panel, cost-effective carbon fibers, including Prepreg thermoplastics. All the other big players are now more concerned with the production for aerospace grade carbon Prepreg.

The country hosts many production bases for aircraft interior components, MRO (maintenance, repair, and overhaul), and lightweight construction and materials, largely in Bavaria, Bremen, Baden-Württemberg, and Mecklenburg-Vorpommern.

In the next 20 years, it is projected that more than 30,000 to 35,000 new aircraft will be operational to meet the growing demand. The increase in aircraft production would thus also contribute during the forecast period to the market growth.

The end-use aerospace and defense-related industry played a major role in value and volume in the market. This is because Boeing and Airbus are increasing their aircraft production. Boom Technology is also planning to build new aviation’s, the XB-1 commercial supersonic transport avions, which will be a startup for aircraft manufacturing.

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Geography – Segment Analysis
Europe dominated the Carbon Prepreg Market share with more than 44.26%, followed by North America and APAC. With its 41 assembly and engine plants, Germany is the European market leader, which contributes 1/3 of Europe’s total automotive manufactures. Germany is one of the automotive industry’s leading manufacturing bases and is home to producers in numerous industries, such as machinery makers, suppliers of materials, parts, engine manufacturers and system integrators.

Drivers – Carbon Prepreg Market

Increasing demand for carbon fiber Prepreg market

Market Landscape: Major players in the Carbon Prepreg Market are SGL Group, Gurit Holdings AG, Park Electrochemical Corporation, Toray Industries, Teijin Limited, Royal TenCate N.V., Hexcel Corporation, Solvay, Mitsubishi Rayon Co. Ltd., Axiom Materials, among others.

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