Carbon Fiber Prepreg Forecast to 2026
Market Definition: Global Carbon Fiber Prepreg Market
Carbon fiber prepreg are pre-impregnated carbon composite fiber that does not require any addition of resins before their usage as they are already equipped with the appropriate resin/curing agent in their structure in the form of polymer matrix.
This results in quicker application time as the products are ready for use without the need for resin application, although the curing stage is still required where the resins are cured with the help of pressure and heat.
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Market Analysis: Global Carbon Fiber Prepreg Market
Global Carbon Fiber Prepreg Market is expected to rise from its initial estimated value of USD 6.22 billion in 2018 to a projected value of USD 14.04 billion by 2026, registering a CAGR of 10.71% in the forecast period of 2019-2026.
This rise in market value can be attributed to growth in demand of the product from the various end-users.
Market Drivers:
- Growth in the number of aircrafts being manufactured; this factor is expected to drive the market growth
- Innovations in technology leading to advanced levels of product offerings; this factor is expected to act as a driver for the market growth
Market Restraints:
- Lack of usage of the product in difficult and high-temperature circumstances; this factor is expected to restrain the market growth
- High cost in the formulation of the product is expected to restrain the market growth
Segmentation: Global Carbon Fiber Prepreg Market
- By Manufacturing Process
- By Resin Type By Manufacturing Process
- By End-Use Industry By Manufacturing Process
- By Geography
- South America
Competitive Analysis:
Global carbon fiber prepreg market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of carbon fiber prepreg market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
- SGL Carbon
- Solvay
- Hexcel Corporation
- Axiom Materials, Inc.
- Koninklijke Ten Cate bv.
- TEIJIN LIMITED.
- Gurit
- Mitsubishi Chemical Corporatio
- Airtech Advanced Materials Group
- TORAY INDUSTRIES, INC.
- PARK ELECTROCHEMICAL CORP
- TCR Composites
- HANKUK CARBON CO.,LTD.
- KINECO – KAMAN
- Barrday, Inc.
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