The global carbon prepreg market was valued at US$ 4.9 billion in 2021 and is projected to expand at a CAGR of 11.5% from 2022 to 2032, according to a recent report by Fact.MR. By the end of 2032, the market is expected to reach a valuation of US$ 15.7 billion.

Key industries driving the demand for carbon prepreg include aerospace and defense, where carbon prepreg materials account for approximately 50% of an entire aircraft’s structure. Additionally, the sports and leisure sector is a significant market, with many products and equipment, such as bicycles, tennis rackets, and golf clubs, being made from carbon prepreg due to its lightweight and high-strength properties.

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Key Takeaways from the Study

Carbon Prepreg Market was valued at US$ 4.9 Bn in 2021. According to Fact.MR, Carbon Prepreg Market revenue would increase 3.2X between 2022 and 2032, reaching roughly US$ 15.7 Bn in 2032.
In terms of Product/Resin Type, Epoxy Resin is projected to account for the highest projected CAGR of over 9.8%. in FY 2017 to 2021 & CAGR of over 13.0% from 2022 to the end of the forecast (2032).
In terms of application, Aerospace & Defence accounted for the highest CAGR of 9.6% during the historical period.
US is the dominant country in Carbon Prepreg Market with an absolute dollar growth opportunity of over US$ 2.7 Bn. Behind U.S., the market in U.K. is expected to register an absolute dollar growth of US$ 706.0 Mn.
The carbon prepreg market experienced a downturn during the COVID-19 pandemic due to the suspension of operations in 2020. However, as economies began to recover, demand for carbon prepreg started to regain momentum. The pandemic significantly impacted the aerospace and defense industry, leading to a slowdown in production. For example, the CFRP-heavy Airbus A350, which was produced 12 times per month before the pandemic, saw a reduction to 5 units per month. Similarly, production of Boeing's 787 Dreamliner dropped from 14 to 6 units per month during the same period.

As the aerospace industry rebounds and global manufacturing resumes, the carbon prepreg market is expected to continue its recovery and growth.

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Competitive Landscape

Companies in the carbon prepreg market are continuously enhancing their product offerings and developing advanced analytical solutions. Market players are focusing on alliances, technology collaborations, and product launches to strengthen their position. Tier 2 companies are working to expand their market share by leveraging strategic partnerships and innovative solutions.

Recent developments in the carbon prepreg market include:

In February 2020, Ducati Motor Holding S.p.A. introduced the Ducati Superleggera V4, the world’s first motorcycle featuring a carbon fiber frame, subframe, swingarms, and rims.
In May 2019, General Motors partnered with Japan-based Teijin to produce the world’s first application of carbon fiber-reinforced thermoplastic (CFRTP) in a mass-produced vehicle. This material was used for the boot bed of GM's GMC Sierra Denali 1500 and GMC Sierra AT4 1500 pickup trucks.
These innovations reflect the ongoing efforts by companies to push the boundaries of carbon prepreg applications across various industries.

Key Companies Covered

Chemical Computing Group ULC
ACP Composites Inc
Hexcel Corporation
Lingol Corporation
SGL Carbon SE
Solvay SA
Toray Industries
Gurit Holding AG
Mitsubishi Rayon Co.Ltd
Park Aerospace Corp
With these setbacks to end-use industry, the demand for carbon prepreg also decreased from 20 kilotons to 14 kt per year. Besides, the demand through the aerospace industry, the market through automobile industry also witnessed a reduction in regional output. For instance, the lightweight vehicle production in Europe fell by 20% in 2020 compared to 2019. Similarly, in the U.S. lightweight vehicle production declined by 15%. As the economy recovered from the lockdown impact, the demand for Carbon Prepreg’s bounced back.

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Carbon Prepreg Market Segmentation

By Resin Type :
Epoxy
Phenolic
Bismaleidmide
Thermoplastics
By Application :
Aerospace & Defence
Sports & Leisure
Automotive
Wind
Other Applications
By Region :
North America
Latin America
Europe
APAC
MEA
More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the Carbon Prepreg Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Carbon Prepreg in terms of Product/Resin Type (Epoxy, Phenolic, Bismaleimide, Thermoplastic, and other Resin type), Application ((Aerospace & Defence, Sports & Leisure, Automotive, Wind and other application) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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