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The market for carbon fiber prepreg, which was valued at USD 8.5 billion in 2023, is expanding at a remarkable rate. A composite manufacturing material with outstanding mechanical qualities and a low weight is carbon fiber prepreg. As a result, it is highly sought after on the market and has the potential to displace more traditional production materials like metals.
Carbon fibers are converted into carbon fiber prepregs using thermoset resins like epoxy and phenols as well as thermoplastic resins like PEEK. Prepreg is well suited for commercial and industrial uses since it has a high strength to weight ratio, strong resistance to corrosion and weakening, and fire resistance. Pre-impregnating fibers, in particular those made of glass, carbon, and aramid, onto a matrix material produces carbon fiber prepreg. Lightweight and resistant to moisture, chemicals, and corrosion is carbon fiber prepreg.
These carbon fiber prepeg must be produced using molds with exceptional thermal stability, composite vacuum pumps, and vacuum bagging equipment. For these fibers to prevent curing before use, a freezing temperature of about -20 o C is necessary. Hot melt and solvent dip techniques are the two main methods utilized to create carbon fiber prepreg. It is advantageous for various end-use industries, including the aerospace, automotive, and wind turbine industries, among others, because of the advantages such as high tensile strength, chemical resistance, and lightweight.
The primary growth-driving element for carbon fiber prepreg is the rising demand for it across a variety of end-user sectors due to its many benefits. Carbon fiber is the perfect material to use to create various machine parts since it is lightweight and has a high tensile strength. Carbon fiber composite is being used by many sectors to replace its metallic components, which is very beneficial for market expansion. The market share for carbon fiber prepreg on a global scale is growing as R&D and innovation spending rises. Its market value is rising because to the aerospace and automotive industries' exponential growth, which are the major demand generators. Additionally, there is a growing need in the sports industry to produce lightweight, strong sporting items including bicycles, tennis rackets, skis, hockey sticks, and golf shafts. The development of the renewable energy industry is also anticipated to boost market growth. Carbon fiber prepreg is also utilized to construct windmill blades.
The main challenges impeding expansion are the high cost of producing carbon fiber and the need for advanced technology. Additionally, its usage by small production units is constrained by the necessity of a heat source and vacuum bagging at a minimum temperature during the molding process. Prepreg is not recyclable once it has been molded, which adds to the weight of environmental pollution. Additionally, the negative environmental effects of the resins employed in the manufacturing process limit market expansion.
Due to its excellent strength to weight ratio, this item is in increasing demand from the automotive, aerospace and defense, wind energy, and sporting goods industries. The increased demand for fuel-efficient vehicles is expected to drive growth in the carbon fiber prepreg industry. Additionally, there is an increase in demand for carbon fiber prepregs from a variety of industries, including aerospace and defense. The carbon fiber prep market is expected to grow as a result of the excellent strength and low weight of carbon fiber prepregs, which have attracted manufacturers, retailers, and consumers. The market is also developing as a result of the increasing use of carbon fiber prepregs in the production of sporting products such tennis rackets, bicycles, fishing rods, and golf shafts. Although there are a number of important reasons that are anticipated to limit the growth of the carbon fiber prepreg market, some of them include the high processing and manufacturing costs of carbon fiber prepregs and problems with their recyclability.
Manufacturing across a number of sectors, including the automotive, building, aerospace, etc., has decreased significantly as a result of COVID-19. The COVID-19 epidemic has had a significant negative influence on the world's automotive supply industry. In the majority of places around the world, the production and sales of automobiles have abruptly stopped. Because of COVID-19, the aerospace and defense sector, a significant end-user of carbon fiber prepreg, suffered greatly in 2020. Even announced production reductions were made by several participants in the aerospace manufacturing sector, including Boeing and Rolls-Royce. The market for carbon fiber prepreg is thus adversely affected by COVID-19.
Report Coverage
Global Carbon Fiber Prepreg research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Carbon Fiber Prepreg report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Carbon Fiber Prepreg competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Carbon Fiber Prepreg market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Carbon Fiber Prepreg market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Carbon Fiber Prepreg market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cytec Solvay Group (Brussels, Belgium), Royal TenCate N.V. (Almeo, Netherlands), Teijin Limited (Osaka, Japan), Toray Industries, Inc. (Tokyo, Japan), Hexcel Corporation (Connecticut, U.S.), SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Mitsubishi Rayon Co., Ltd. (Japan), and Axiom Materials (California, U.S.), Koninklijke Ten Cate bv, Airtech Advanced Materials Group, TCR Composites, HANKUK CARBON CO.,LTD., KINECO - KAMAN, Barrday, TAIWAN FIRST LI-BOND Co., GMS COMPOSITES, ABC Composite Materials LLC, North Thin Ply Technology and Plastic Reinforcement Fabrics Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Carbon Fiber Prepreg market based on the below-mentioned segments:
Global Carbon Fiber Prepreg Market, By Resin Type
Epoxy
Phenolic
Thermoplastic
Others
Global Carbon Fiber Prepreg market, By Manufacturing Process
Hot Melt
Solvent Dip
Others
Global Carbon Fiber Prepreg Market, By End User
Aerospace
Defense
Wind Energy
Sports & Leisure
Automotive
Global Carbon Fiber Prepreg market, Regional Analysis
Carbon fibers are converted into carbon fiber prepregs using thermoset resins like epoxy and phenols as well as thermoplastic resins like PEEK. Prepreg is well suited for commercial and industrial uses since it has a high strength to weight ratio, strong resistance to corrosion and weakening, and fire resistance. Pre-impregnating fibers, in particular those made of glass, carbon, and aramid, onto a matrix material produces carbon fiber prepreg. Lightweight and resistant to moisture, chemicals, and corrosion is carbon fiber prepreg.
These carbon fiber prepeg must be produced using molds with exceptional thermal stability, composite vacuum pumps, and vacuum bagging equipment. For these fibers to prevent curing before use, a freezing temperature of about -20 o C is necessary. Hot melt and solvent dip techniques are the two main methods utilized to create carbon fiber prepreg. It is advantageous for various end-use industries, including the aerospace, automotive, and wind turbine industries, among others, because of the advantages such as high tensile strength, chemical resistance, and lightweight.
The primary growth-driving element for carbon fiber prepreg is the rising demand for it across a variety of end-user sectors due to its many benefits. Carbon fiber is the perfect material to use to create various machine parts since it is lightweight and has a high tensile strength. Carbon fiber composite is being used by many sectors to replace its metallic components, which is very beneficial for market expansion. The market share for carbon fiber prepreg on a global scale is growing as R&D and innovation spending rises. Its market value is rising because to the aerospace and automotive industries' exponential growth, which are the major demand generators. Additionally, there is a growing need in the sports industry to produce lightweight, strong sporting items including bicycles, tennis rackets, skis, hockey sticks, and golf shafts. The development of the renewable energy industry is also anticipated to boost market growth. Carbon fiber prepreg is also utilized to construct windmill blades.
The main challenges impeding expansion are the high cost of producing carbon fiber and the need for advanced technology. Additionally, its usage by small production units is constrained by the necessity of a heat source and vacuum bagging at a minimum temperature during the molding process. Prepreg is not recyclable once it has been molded, which adds to the weight of environmental pollution. Additionally, the negative environmental effects of the resins employed in the manufacturing process limit market expansion.
Due to its excellent strength to weight ratio, this item is in increasing demand from the automotive, aerospace and defense, wind energy, and sporting goods industries. The increased demand for fuel-efficient vehicles is expected to drive growth in the carbon fiber prepreg industry. Additionally, there is an increase in demand for carbon fiber prepregs from a variety of industries, including aerospace and defense. The carbon fiber prep market is expected to grow as a result of the excellent strength and low weight of carbon fiber prepregs, which have attracted manufacturers, retailers, and consumers. The market is also developing as a result of the increasing use of carbon fiber prepregs in the production of sporting products such tennis rackets, bicycles, fishing rods, and golf shafts. Although there are a number of important reasons that are anticipated to limit the growth of the carbon fiber prepreg market, some of them include the high processing and manufacturing costs of carbon fiber prepregs and problems with their recyclability.
Manufacturing across a number of sectors, including the automotive, building, aerospace, etc., has decreased significantly as a result of COVID-19. The COVID-19 epidemic has had a significant negative influence on the world's automotive supply industry. In the majority of places around the world, the production and sales of automobiles have abruptly stopped. Because of COVID-19, the aerospace and defense sector, a significant end-user of carbon fiber prepreg, suffered greatly in 2020. Even announced production reductions were made by several participants in the aerospace manufacturing sector, including Boeing and Rolls-Royce. The market for carbon fiber prepreg is thus adversely affected by COVID-19.
Report Coverage
Global Carbon Fiber Prepreg research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Carbon Fiber Prepreg report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Carbon Fiber Prepreg competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Carbon Fiber Prepreg market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cytec Solvay Group (Brussels, Belgium), Royal TenCate N.V. (Almeo, Netherlands), Teijin Limited (Osaka, Japan), Toray Industries, Inc. (Tokyo, Japan), Hexcel Corporation (Connecticut, U.S.), SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Mitsubishi Rayon Co., Ltd. (Japan), and Axiom Materials (California, U.S.), Koninklijke Ten Cate bv, Airtech Advanced Materials Group, TCR Composites, HANKUK CARBON CO.,LTD., KINECO - KAMAN, Barrday, TAIWAN FIRST LI-BOND Co., GMS COMPOSITES, ABC Composite Materials LLC, North Thin Ply Technology and Plastic Reinforcement Fabrics Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Carbon Fiber Prepreg Market from 2021 to 2030.
- Market Forecast for Carbon Fiber Prepreg Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Carbon Fiber Prepreg competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Carbon Fiber Prepreg
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Carbon Fiber Prepreg market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Carbon Fiber Prepreg market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cytec Solvay Group (Brussels, Belgium), Royal TenCate N.V. (Almeo, Netherlands), Teijin Limited (Osaka, Japan), Toray Industries, Inc. (Tokyo, Japan), Hexcel Corporation (Connecticut, U.S.), SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Mitsubishi Rayon Co., Ltd. (Japan), and Axiom Materials (California, U.S.), Koninklijke Ten Cate bv, Airtech Advanced Materials Group, TCR Composites, HANKUK CARBON CO.,LTD., KINECO - KAMAN, Barrday, TAIWAN FIRST LI-BOND Co., GMS COMPOSITES, ABC Composite Materials LLC, North Thin Ply Technology and Plastic Reinforcement Fabrics Ltd.
Primary Target Market
- Market Players of Carbon Fiber Prepreg
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Carbon Fiber Prepreg market based on the below-mentioned segments:
Global Carbon Fiber Prepreg Market, By Resin Type
Epoxy
Phenolic
Thermoplastic
Others
Global Carbon Fiber Prepreg market, By Manufacturing Process
Hot Melt
Solvent Dip
Others
Global Carbon Fiber Prepreg Market, By End User
Aerospace
Defense
Wind Energy
Sports & Leisure
Automotive
Global Carbon Fiber Prepreg market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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