Home > Chemicals & Materials > Advanced Materials > Carbon Fiber Prepreg Market

Carbon Fiber Prepreg Market Analysis

Report ID: GMI3661
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

Carbon Fiber Prepreg Market Analysis

Carbon Fiber Prepreg Market Size, By Resin Type

Based on product, the carbon fiber prepreg market is segmented as epoxy resin prepregs, phenolic resin prepregs, other resin types. Epoxy resin held a majority market value of USD 3.5 billion in 2022. Epoxy resin is the most commonly used matrix material in carbon fiber prepreg due to its excellent mechanical properties, adhesion, and processing characteristics. Epoxy resin can be formulated to suit various curing conditions, making it suitable for a wide range of industries and applications. Moreover, an increasing usage will further accelerate the segment trends.

Carbon Fiber Prepreg Market Revenue Share (%), By Process,

Learn more about the key segments shaping this market

Download Free Sample

Based on process, the carbon fiber prepreg market is segmented as hot melt, solvent dip, others. Hot melt held a dominant revenue share of around 40% in 2022 and is expected to grow at a lucrative pace by 2032. The hot melt process allows for rapid impregnation of carbon fibers with the resin, leading to faster production rates and increased manufacturing efficiency. The process allows for precise control over the resin content in the prepreg, enabling tailored properties for different applications.

Based on application the carbon fiber prepreg market is segmented as Aerospace and Defense, Automotive, Sports and Leisure, Wind Energy, Marine, Industrial. Aerospace and Defense segment is anticipated to grow at 7.7% CAGR by 2032. The aerospace and defense industries demand carbon fiber prepreg to manufacture lightweight components for aircraft, satellites, drones, and military equipment to improve fuel efficiency and performance. Thus, the high-quality services and growing usage of Carbon fiber prepreg at food centres are anticipated to expedite the business growth.

Looking for region specific data?

Download Free Sample

U.S. dominated the North American region with majority business share and a revenue of USD 1.8 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The aerospace and defense sectors in North America are major consumers of carbon fiber prepreg for manufacturing lightweight and high-strength components used in aircraft,

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Carbon fiber tape industry recorded USD 1.7 billion in 2022 and is estimated to register USD 5.5 billion by 2032, due to increasing demand for carbon fiber tape in the aerospace and defense industries worldwide.

The epoxy segment was worth USD 0.8 billion in 2022 and is expected to witness rapid growth through 2032, due to rapid and widespread usage owing to the high strength, stiffness, and excellent adhesion of epoxy fiber tape.

U.S. carbon fiber tape market size recorded USD 1.7 billion in 2022 and will see significant growth through 2023 - 2032, owing to the robust application in aircraft, rotorcraft, UAVs, and military operations.

Some of the prominent carbon fiber tape companies are Toray Industries, Inc., Mitsubishi Chemical Corporation, SGL Carbon SE, Teijin Limited (Teijin Carbon), Hexcel Corporation, Solvay S.A., Cytec Industries, Zoltek Companies, Inc., A&P Technology, Inc, Toray Composite Materials America, Inc., CompoTech Plus s.r.o., and Sigmatex Group.