According to the latest report by IMARC Group, titled "Carbon Fiber Prepreg Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global carbon fiber prepreg market size reached US$ 8.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.6 Billion by 2027, exhibiting at a CAGR of 8.5% during 2022-2027.
Carbon fiber prepreg is a composite material made from carbon fiber pre-impregnated with a resin system. It is primarily manufactured by combining various thermoset resins, such as epoxy, polyimide, phenols, and thermoplastics, with carbon fibers through hot melt and solvent dip techniques. They are further led through a comb and laid on carrier paper for resin lamination. Carbon fiber prepreg is lightweight, cost-effective, and environmentally friendly and exhibits a strong-to-weight ratio, better operational stability than metallic alloys, and excellent chemical and corrosion resistance. Consequently, it finds extensive applications in various commercial products.
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Market Trends and Drivers:
The widespread adoption of carbon fiber prepreg across various sectors can be attributed to the growing awareness amongst manufacturers regarding its multiple beneficial properties. Furthermore, the rising environmental concerns and implementation of green initiatives by governments have prompted automobile manufacturers to incorporate the fiber in vehicles to reduce fuel consumption and carbon dioxide (CO2) emissions, which is supporting the market growth. Moreover, the growing use of carbon fiber prepregs in sports and recreation applications, such as bicycles, tennis rackets, golf shafts, and fishing rods, is propelling the market growth. Apart from this, the extensive product utilization to manufacture wind blades and other components of power systems, coupled with continuous research and development (R&D) activities to identify diverse product applications, are driving the market growth.
Carbon Fiber Prepreg Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the carbon fiber prepreg market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Axiom Materials Inc. (Kordsa Incorporated)
- Gurit (Tianjin) Composite Material Co. Ltd.
- Hexcel Corporation
- Koninklijke Ten Cate B.V. (Tennessee Acquisition Holding B.V.)
- Mitsubishi Chemical Holdings Corporation
- Park Aerospace Corp.
- Plastic Reinforcement Fabrics Ltd.
- SGL Carbon SE
- Solvay (Daikin)
- TCR Composites Inc. (ATK Launch Systems)
- Teijin Limited
- Toray Industries Inc.
Key Market Segmentation:
The report has segmented the global carbon fiber prepreg market based on manufacturing process, resin type, resin, end use industry and region.
Breakup by Manufacturing Process:
- Hot Melt
- Solvent Dip
Breakup by Resin Type:
- Thermoset
- Thermoplastic
Breakup by Resin:
- Phenolic
- Epoxy
- Bismaleimide
- Polyimide
- Cynate Ester
- PEEK
- Others
Breakup by End Use Industry:
- Aerospace and Defense
- Automotive
- Wind Energy
- Sports and Recreation
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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