Carbon Fiber Prepreg Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3661
Carbon Fiber Prepreg Market size will witness a significant growth in coming years owing to higher specific strength, stiffness, faster manufacturing, lightweight applications and greater corrosion resistance. Other advantages associated with prepreg includes ease of use, good fatigue resistance, low void content, good environmental resistance, control of laminate thickness and fiber volume fraction, better conformity and quality, very low coefficient of thermal expansion, high strength-to-weight ratio, etc. Carbon fiber prepreg has higher operational stability than metallic alloys & thermoset composites at higher temperature.
Prepreg is a reinforced fabric which is pre-impregnated using catalyzed resin system. This resin system has a curing agent and is mixed along with its hardener in the prepreg form. Reinforcements used for prepreg are carbon, glass and aramid fibers.
One of the major factors driving the growth of carbon fiber prepreg market is the extensive use of the product in automotive industry. Owing to its lightweight characteristics, the product is widely used for the fabrication of bumpers, instrument panels, weather strip, air backs, ceiling materials, etc. in the automotive industry. In 2015, automotive giant BMW started carbon fiber implantations in its 7-series sedan, which has started a new trend for the autocomposites in the industry. Such trends will drive the carbon fiber prepreg market growth in coming years. Global automotive production has witnessed a growth of over 6% between 2014 and 2018 owing to the fast developing nations in the Asia Pacific region. Governments of the emerging countries in the region are making regular investments and have started various initiatives for enhancing the regional automotive market. As a result, several automotive manufacturing companies have opened their production bases in the region. It will drive the global automotive industry, which in turn, will prosper the demand for carbon fiber prepreg.
Carbon fiber prepreg are also used in aerospace components, aircraft interiors, cargo liners, aircraft flooring, etc. as it improves the overall efficiency by reducing the weight of the components. Increasing government investment in aerospace & defense, coupled with the increasing production of commercial aircrafts will prosper the growth of carbon fiber prepreg in near future. However, high manufacturing and processing costs associated with the product, coupled with recyclability issues might hinder the growth of carbon fiber prepreg in coming years.
Global carbon fiber prepreg market is segmented on the basis of manufacturing process, resin type, end-use and region. Based on manufacturing process, market is segmented into hot-melt process and solvent-dip process. Both unidirectional and fabric prepregs can be manufactured using hot-melt process, which will result in its higher market share. Based on resin type, market is segmented into epoxy resin, phenolic resin, polyimide resin, BMI resin, thermoplastic resin and other resins which include cyanate ester resin, etc. Epoxy resin will dominate this segment owing to its wide range of applications in aerospace & defense, wind energy, sports & recreation, automotive and other industries. Epoxy resins have a unique molecular structure, which makes them lightweight and strong and are thus used in aircraft fuselage and tails. Nevertheless, higher processing cost associated with the various end-use applications makes them expensive.
Based on end-use, carbon fiber prepreg is segmented into aerospace & defense, automotive, sports & recreation, wind energy and other end-use applications which include marine, medical, etc. Sports & recreation will have a significant market share due to increasing demand for carbon fiber prepregs in making advanced sports gears. The product is also used to manufacture lighter, stronger & high-performance water-sport products for fishing, rowing, skiing, canoeing, etc.
In the regional segment, Europe will have a dominant position owing to the high product demand in many end-use industries. The regional carbon fiber prepreg market is majorly driven by the presence of large automotive manufacturers, aircraft manufacturers and offshore wind-farm installations. In 2017, UK witnessed additional offshore wind power capacity installation of 1,680 MW as per GWEC (Global Wind Energy Council), which has boosted the regional demand for carbon fiber prepreg.
Key players in the global carbon fiber prepreg market include SGL Group, Solvay SA, Gurit Holdings AG, Toray Industries, Park Electrochemical Corporation, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., Axiom Materials, etc.
Carbon Fiber Prepreg Market, By Manufacturing Process, 2014-2025
- Hot-melt process
- Solvent-dip process
Carbon Fiber Prepreg Industry, By Resin Type, 2014-2025
- Epoxy resin
- Phenolic resin
- Polyimide resin
- Thermoplastic resin
- BMI resin
Carbon Fiber Prepreg Market, By End-Use, 2014-2025
- Aerospace & defense
- Sports & Recreation
- Wind energy
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- SGL Group
- Solvay SA
- Gurit Holdings AG
- Toray Industries
- Park Electrochemical Corporation
- Hexcel Corporation
- Mitsubishi Rayon Co. Ltd.
- Axiom Materials
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Why Global Market Insights, Inc.?
- GMI is unparalleled when to comes to the quality of research and information provided to clients. Our unique methodology is designed to ensure a minimum of 90% accuracy to give our clients excellent value on their investment.
Over 200 experts are available across various time-zones, ready to serve clients for their research needs. Our industry experts help clients to design reports customized to their needs.