The global prepreg market size reached USD 6.94 Billion in 2021 and is expected to register a revenue CAGR of 10.7% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for prepreg from various end-use industries, especially from aerospace & defense, coupled with rising demand from the automotive industry is a key factor driving market revenue growth to a significant extent.

Composite materials such as carbon fiber have replaced metal in the production of aircraft and automobiles owing to light weight and high strength. Moreover, flexibility for casting or molding into any shape highly increases demand for manufacturing of components for aircraft interiors, engine blades and rotors, propellers, fin blades, seats, and tail planes – also known as a horizontal stabilizer – among others. Lighter components also decrease operational costs, which is another key factors driving demand for prepreg and is expected to support revenue growth of the market going ahead.

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Resin types such as phenolic, fiber, and epoxy are utilized for both military and commercial plane and aircraft production. Prepreg is widely used in the manufacturing of reinforcement fiber for ballistic applications in the defense sector. Properties of prepreg such as lightness, strength, and ability to be molded into complex shapes are resulting in rapid increase in demand for better cosmetic grade prepreg with high-quality lamination in the automotive industry.

Some other applications of prepreg include sporting goods, racing accessories and vehicle interior components, aerospace applications, commercial products, and pressure vessels. Rising concerns regarding environmental sustainability are rapidly increasing demand for lightweight parts and components for automobiles to produce lighter vehicles and reduce carbon dioxide emissions is expected to continue going ahead. On 6 May 2022, TRB Lightweight Structures collaborated with Kordsa for manufacturing composite materials that would help in the development of sustainable lightweight composites for deployment in the automotive industry.

The report projects the market is anticipated to grow at a significant rate owing to rapid advancements and technological developments in the sector. The report offers strategic recommendations to businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration.

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Emergen Research has segmented the global Prepreg market on the basis of resin, manufacturing process, fiber, end-use, and region:

Resin Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)

Thermoset

Thermoplastic

Manufacturing Process Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)

Hot-melt

Solvent dip

Fiber Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)

Glass

Carbon

Aramid

Others

End-Use Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)

Aerospace & defense

Automotive

Wind energy

Sporting goods

Others

The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.

Key companies operating in the Prepreg market include:

Hexcel Corporation, Toray Industries, Inc., Park Aerospace Corp., Teijin Limited, Mitsubishi Chemical Carbon Fiber and Composites, Inc., SGL Carbon, Gurit, Rock West Composites, Inc., Plastic Reinforcement Fabrics Ltd., and ACP Composites, Inc.

Regional Analysis:

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

Key regions in the market include:

North America

U.S.

Canada

Europe

U.K.

Italy

Germany

France

Rest of EU

Asia Pacific

India

Japan

China

South Korea

Australia

Rest of APAC

Latin America

Chile

Brazil

Argentina

Rest of Latin America

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

Key Questions Addressed in the Report:

Who are the leading players in the Prepreg industry?

Which region is expected to dominate the market in the coming years?

What are the key applications of Prepreg?

Which segment is expected to garner traction during the coming years?

What are the key strategies adopted by leading players in the market?

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