Thermoplastic Prepreg Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4375
The Global Thermoplastic Prepreg Market is likely to witness positive outlook during the forecast time span. It is a composite reinforcement which is pre-impregnated with thermoplastic resin. Different types of reinforcements materials such as fiberglass, carbon fiber, aramid, etc., and resins such as polypropylene (PP), polyethylene terephthalate (PET), polyethylene (PE), polyphenylene sulfide (PPS), polyether ether ketone (PEEK), etc. are used during the composite production process. The product has superior toughness, low flammability, good wear & abrasion resistance, low coefficient of thermal cycling expansion, excellent environmental resistance, low moisture absorption, etc. It is available in the form of unidirectional tape, woven fabrics, stitched fabrics, etc. It is ideally used for lightweight structural applications.
The market will be driven by rising demand from aerospace industry within the forecast time span. Thermoplastic prepreg helps in production of complex aircraft parts and promote rapid fabrication using automated processes while reducing cycle time. It helps in significant reduction in overall weight of aircrafts thereby reducing fuel consumption and increasing energy efficiency. Additionally, reduction in carbon footprint is achieved along with improvements in flight performance in terms of acceleration, safety and structural strength. Advent of technology to manufacture aircrafts with reduced weights and improved fuel efficiency will generate the demand for thermoplastic prepreg in upcoming years. In addition, stringent government regulations related to fuel emissions will support the market growth by 2025.
Another significant factor driving the growth of thermoplastic prepreg market will be rising demand from automotive industry. The product is used for manufacturing various automotive components which will help in minimizing the overall weight of the automobiles. Continuous research & development activities backed by huge investments will revolutionize the automotive industry in future. Growing concerns coupled with strict emission policies related to CO2 emissions will compel automobile manufacturers to choose lightweight materials for automobile production. This will catapult the thermoplastic prepreg demand in upcoming years.
The thermoplastic prepreg market growth may be hindered by high prices of the product. Moreover, it has high molding temperature which creates difficulty during handling. It generates issues during impregnation into small-diameter carbon fibers owing to high viscosity. All above mentioned factors may negatively influence the market growth and cause market slowdown between 2019 to 2025.
The market will be segmented on the basis of composite reinforcements, resin type and end-user industry. Based on composite reinforcements, the market is segmented into carbon fiber, fiberglass, aramid fiber and others. Based on resin type, the market is divided into polypropylene (PP), polyamide (PA), polyethylene terephthalate (PET), polyether ether ketone (PEEK), polyphenylene sulfide (PPS), polycarbonate (PC), polyetherimide (PEI), and others. Based on end-user industry, the market is bifurcated into aerospace, automotive and others.
Europe will clutch significant market share in thermoplastic prepreg market in upcoming years owing to flourishing aerospace industry. Various countries such as France, United Kingdom, Germany and Russia are among the leading nations in global aerospace industry. Rising air traffic, huge backlog of new aircraft orders and technological progressions will facilitate the growth of regional aerospace sector. Additionally, supportive government policies will boost the aircraft manufacturing in future. In automobile sector, European Parliament and the Council specified regulation (EU) 2019/631 to provide guidelines regarding CO2 emission levels for new passenger cars and light commercial vehicles. As per this regulation, European Union is aiming to reduce average CO2 emission levels from new passenger cars and light commercial vehicles by 15% at the end of 2025. Automobile manufacturers failing to comply with these regulations will be charged with heavy fines. This will in turn spur the market growth by 2025. North America will be another key region in global thermoplastic prepreg market in near future. North America currently accounts for half of the global aerospace industry. Innovation trends and high production capacity will propel the North America aerospace industry in upcoming years thereby bolstering the market growth.
Some of the key players in the global thermoplastic prepreg market are Toray Industries Inc., SABIC, Web Industries, Inc., Teijin Limited, Maru Hachi Corporation, Hexcel Corporation and C. Cramer & Co. (CCC).
Thermoplastic Prepreg Market, By Composite Reinforcement, 2014-2025 (USD xx)
- Carbon fiber
- Aramid fiber
Thermoplastic Prepreg Market, By Resin Type, 2014-2025 (USD xx)
- Polyamide (PA)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyphenylene Sulfide (PPS)
- Polyetherimide (PEI)
- Polyether ether ketone (PEEK)
- Polycarbonate (PC)
Thermoplastic Prepreg Market, By End-user Industry, 2014-2025 (USD xx)
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Toray Industries Inc.
- Web Industries, Inc.
- Teijin Limited
- Maru Hachi Corporation
- Hexcel Corporation
- C. Cramer & Co. (CCC)
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