Carbon Fiber Prepreg Market by Resin Type, Manufacturing Process & Application - Global Forecast to 2021


Posted September 19, 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 report "Carbon Fiber Prepreg Market by Resin Type (Epoxy, Phenolic, Bismaleimide, Cyanate Ester, Thermoplastic), Manufacturing Process (Hot Melt, Solvent Dip), Application (Aerospace & Defense, Automotive, Sports & Leisure, Wind) - Global Forecast to 2021", The carbon fiber prepreg market was valued at USD 3.86 Billion in 2015 and is projected to reach USD 7.20 Billion by 2021, at a CAGR of 11.0% between 2016 and 2021.

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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.

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.

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The carbon fiber prepreg market is witnessing significant growth, in terms of value. However, high processing and manufacturing costs and issues related to the recyclability of carbon fiber prepregs are the major restraints to the growth of the carbon fiber prepreg market.

Companies, such as SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Toray Industries, Inc. (Tokyo, Japan), Teijin Limited (Osaka, Japan), Royal TenCate N.V. (Almeo, Netherlands), Hexcel Corporation (Connecticut, U.S.), Cytec Solvay Group (Brussels, Belgium), Mitsubishi Rayon Co., Ltd. (Tokyo, Japan), and Axiom Materials (California, U.S.), among others are the leading players in the carbon fiber prepreg market. They have been adopting various organic and inorganic growth strategies, such as agreements, new product launches, acquisitions, and expansions to enhance their shares and strengthen their position in the carbon fiber prepreg market.

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Issued By marketsandmarkets
Country United States
Categories Business , Industry , Manufacturing
Tags carbon fiber prepreg , carbon fiber prepreg market
Last Updated September 19, 2018