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 key players operating in the carbon fiber prepreg market are 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. These players have adopted various organic and inorganic development strategies to strengthen their position in the market.

Drivers

Increasing demand for lightweight materials from the automotive industry
Growing carbon fiber demand from the wind energy industry
Increasing demand for carbon fiber prepreg from Boeing and Airbus
Restraint

High processing and manufacturing cost
Issues related to recyclability
Opportunities

Reduction in the cost of carbon fibers
Development of advanced software tools for carbon fiber prepreg product development
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Carbon fiber prepreg Market, By Resin type:

Epoxy
Phenolic
Bismaleimide (BMI)
Cyanate Ester
Thermoplastic
Others
Carbon fiber prepreg Market, By Application:

Aerospace & Defence
Automotive
Sports & Leisure
Wind
Others
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.

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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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