Prepreg Market Size 2022-27: Global Competition, Demand, Trends, Growth, Share Analysis and Forecast
The latest research study “Prepreg Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global prepreg market reached a value of US$ 10.47 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.88 Billion by 2027, exhibiting a CAGR of 8.10% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
Prepreg refers to a sturdy laminate composed of fiber sheets that are pre-impregnated with catalyzed resins. These fiber materials are manufactured through a solvent-dip or hot-melt process utilizing woven fibers and thermoset resins, including epoxy, polyamide, phenols, and thermoplastics. Prepreg fibers exhibit enhanced stability, high tensile strength, and resistance to fire, fatigue, corrosion, moisture, and chemicals. Consequently, they find widespread applications across numerous sectors, such as automotive, defense, healthcare, aerospace, electrical, etc.
Global Prepreg Market Trends and Drivers:
The expanding aerospace industry, along with the increasing usage of superior quality fibrous material in the production of seats, air ducts, cabin linings, plenums, etc., is primarily driving the global prepreg market. Moreover, the continuous development of innovative carbon prepreg patch that consists of epoxy matrix and unidirectional carbon fiber custom-built with self-adhesive properties that enables them to bond to metal in a one-step process, is also positively influencing the market growth. Besides this, the rising product adoption in the automotive sector for manufacturing instrument panels, lightweight parts, ceiling materials, etc., is acting as another significant growth-inducing factor. Additionally, the growing investments in R&D activities, along with the elevating demand for reinforced fibrous sheets in the production of several sports accessories, such as bicycles, tennis rackets, fishing rods, etc., are expected to augment the prepreg market in the coming years.
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Prepreg Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 10.47 Billion |
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Market forecast in 2027 |
US$ 16.88 Billion |
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Growth Rate |
CAGR of 8.10% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Resin Type, Fiber Type, Manufacturing Process, End Use Industry and Region |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
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Key companies profiled |
Axiom Materials Inc. (Kordsa Incorporated), Composites One LLC (Synergy55 Inc.), Gurit Holding, Hexcel Corporation, Mitsubishi Chemical Corporation, Park Aerospace Corp., SGL Carbon SE, Solvay S.A., Sunrez Corporation, Teijin Limited, Toray Industries Inc. and Ventec International Group. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Resin Type:
• Thermoset
• Thermoplastic
• Epoxy
• Others
Breakup by Fiber Type:
• Carbon
• Glass
• Aramid
Breakup by Manufacturing Process:
• Hot-Melt Process
• Solvent Dip Process
Breakup by End Use Industry:
• Aerospace and Defense
• Automotive
• Electrical and Electronics
• Wind Turbine
• Sporting Goods
• Others
By Geography:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
List of Major Key Players:
The major players in the market are Axiom Materials Inc. (Kordsa Incorporated), Composites One LLC (Synergy55 Inc.), Gurit Holding, Hexcel Corporation, Mitsubishi Chemical Corporation, Park Aerospace Corp., SGL Carbon SE, Solvay S.A., Sunrez Corporation, Teijin Limited, Toray Industries Inc. and Ventec International Group.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Source: Digital Journal
