#Carbon Fiber Prepreg Market Size

[vikibro1]

Carbon Fiber Prepreg   Market Trends, Share, Opportunities and Forecast By 2028

The Carbon Fiber Prepreg Market sector is undergoing rapid transformation, with significant growth and innovations expected by 2028. In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.

Brief Overview of the Carbon Fiber Prepreg Market:

The global Carbon Fiber Prepreg Market is expected to experience substantial growth between 2024 and 2031. Starting from a steady growth rate in 2023, the market is anticipated to accelerate due to increasing strategic initiatives by key market players throughout the forecast period.

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Which are the top companies operating in the Carbon Fiber Prepreg Market?

The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Carbon Fiber Prepreg Market report provides the information of the Top Companies in Carbon Fiber Prepreg Market in the market their business strategy, financial situation etc.

SGL Carbon; Solvay; Hexcel Corporation; Axiom Materials, Inc.; Koninklijke Ten Cate bv.; TEIJIN LIMITED.; Gurit; Mitsubishi Chemical Corporation; Airtech Advanced Materials Group; TORAY INDUSTRIES, INC.; PARK ELECTROCHEMICAL CORP.; TCR Composites; HANKUK CARBON CO.,LTD.; KINECO - KAMAN; Barrday, Inc.; TAIWAN FIRST LI-BOND Co., LTD.; Holding company "Composite"; GMS COMPOSITES; ABC Composite Materials LLC; North Thin Ply Technology and Plastic Reinforcement Fabrics Ltd

Report Scope and Market Segmentation

Which are the driving factors of the Carbon Fiber Prepreg Market?

The driving factors of the Carbon Fiber Prepreg Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.

Carbon Fiber Prepreg Market - Competitive and Segmentation Analysis:

**Segments**

- By Resin Type: Epoxy, Phenolic, Polyimide, Thermoplastic - By Manufacturing Process: Hot Melt, Solvent Dip - By Application: Aerospace & Defense, Automotive, Wind Energy, Sporting Goods, Others

With the rising demand for lightweight and durable materials across various industries, the global carbon fiber prepreg market is expected to witness significant growth by the year 2028. The resin type segment is segmented into epoxy, phenolic, polyimide, and thermoplastic. Epoxy resin is anticipated to dominate the market owing to its superior properties such as high strength, low shrinkage, and excellent adhesion qualities. The manufacturing process segment includes hot melt and solvent dip methods. The hot melt technique is likely to hold a larger market share due to its efficiency and effectiveness in producing high-quality carbon fiber prepreg materials. In terms of applications, the aerospace & defense sector is projected to be the leading segment, followed by automotive, wind energy, sporting goods, and other miscellaneous applications.

**Market Players**

- Hexcel Corporation - Toray Industries, Inc. - Royal Ten Cate (TenCate Advanced Composites) - SGL Group - Teijin Limited - Solvay - Gurit - Mitsubishi Chemical Corporation - Park Electrochemical Corporation - Axiom Materials, Inc.

Key market players in the global carbon fiber prepreg industry include Hexcel Corporation, Toray Industries, Inc., Royal Ten Cate (TenCate Advanced Composites), SGL Group, Teijin Limited, Solvay, Gurit, Mitsubishi Chemical Corporation, Park Electrochemical Corporation, and Axiom Materials, Inc. These companies are actively involved in strategic initiatives such as mergers, acquisitions, product innovations, and partnerships to strengthen their market presence and expand their product portfolios. With a focus on developing advanced carbon fiber prepreg materials to meet the evolving requirements of end-users, these marketThe global carbon fiber prepreg market is highly competitive, with key market players constantly striving to enhance their product offerings and expand their market presence. Hexcel Corporation, a prominent player in the industry, has a strong focus on research and development to introduce innovative carbon fiber prepreg solutions catering to the specific needs of different end-user industries. The company leverages its technological expertise to develop lightweight and high-performance materials for applications in aerospace, automotive, and industrial sectors. Through strategic collaborations and partnerships, Hexcel Corporation aims to strengthen its global market position and capitalize on emerging opportunities in the carbon fiber prepreg market.

Toray Industries, Inc. is another leading player in the global carbon fiber prepreg market, known for its diverse product portfolio and strong customer base. The company invests significantly in sustainable manufacturing practices and product development to meet the growing demand for eco-friendly and energy-efficient materials. Toray Industries, Inc. focuses on continuous innovation and the introduction of advanced carbon fiber prepreg solutions to enhance the performance and durability of end products. By catering to the evolving requirements of various industries such as aerospace, automotive, and sports goods, Toray Industries, Inc. aims to maintain its competitive edge in the market.

Royal Ten Cate, operating under the brand TenCate Advanced Composites, is a key player in the global carbon fiber prepreg market, with a reputation for high-quality products and exceptional customer service. The company emphasizes quality control and compliance with industry standards to ensure the reliability and consistency of its carbon fiber prepreg materials. By investing in state-of-the-art manufacturing facilities and advanced technologies, Royal Ten Cate aims to meet the stringent specifications of demanding applications in aerospace, defense, and other industry sectors. The company's commitment to sustainability and innovation sets it apart in the competitive market landscape.

SGL Group is a renowned player in the global carbon fiber prepreg market, known for its focus on developing cutting-edge solutions for lightweight and high-strength applications. The company's research and development efforts are directed**Market Players:**

- SGL Carbon - Solvay - Hexcel Corporation - Axiom Materials, Inc. - Koninklijke Ten Cate bv. - TEIJIN LIMITED. - Gurit - Mitsubishi Chemical Corporation - Airtech Advanced Materials Group - TORAY INDUSTRIES, INC. - PARK ELECTROCHEMICAL CORP. - TCR Composites - HANKUK CARBON CO.,LTD. - KINECO - KAMAN - Barrday, Inc. - TAIWAN FIRST LI-BOND Co., LTD. - Holding company "Composite" - GMS COMPOSITES - ABC Composite Materials LLC - North Thin Ply Technology - Plastic Reinforcement Fabrics Ltd

The global carbon fiber prepreg market is witnessing significant growth attributed to the increasing demand for lightweight and durable materials in various industries. The dominance of epoxy resin in the resin type segment is driving market growth, given its superior properties like high strength, low shrinkage, and excellent adhesion qualities. The hot melt manufacturing process method is expected to lead the market due to its efficiency in producing high-quality carbon fiber prepreg materials. The aerospace & defense sector is forecasted to be the primary application segment, followed by automotive, wind energy, sporting goods, and other miscellaneous applications.

Hexcel Corporation, a major market player, focuses on research and development to introduce innovative carbon fiber prepreg solutions tailored to different industries' specific needs

North America, particularly the United States, will continue to exert significant influence that cannot be overlooked. Any shifts in the United States could impact the development trajectory of the Carbon Fiber Prepreg Market. The North American market is poised for substantial growth over the forecast period. The region benefits from widespread adoption of advanced technologies and the presence of major industry players, creating abundant growth opportunities.

Similarly, Europe plays a crucial role in the global Carbon Fiber Prepreg Market, expected to exhibit impressive growth in CAGR from 2024 to 2028.

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Key Benefits for Industry Participants and Stakeholders: –

Industry drivers, trends, restraints, and opportunities are covered in the study.

Neutral perspective on the Carbon Fiber Prepreg Market scenario

Recent industry growth and new developments

Competitive landscape and strategies of key companies

The Historical, current, and estimated Carbon Fiber Prepreg Market size in terms of value and size

In-depth, comprehensive analysis and forecasting of the Carbon Fiber Prepreg Market

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters

The countries covered in the Carbon Fiber Prepreg Market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA

Detailed TOC of Carbon Fiber Prepreg Market Insights and Forecast to 2028

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Carbon Fiber Prepreg Market Landscape

Part 05: Pipeline Analysis

Part 06: Carbon Fiber Prepreg Market Sizing

Part 07: Five Forces Analysis

Part 08: Carbon Fiber Prepreg Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Carbon Fiber Prepreg Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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[kristinahertzz]

Carbon Fiber Prepreg Market

Carbon Fiber Prepreg Market Size, Share, Trends: Hexcel Corporation Leads

Rising adoption of carbon fiber prepregs in electric vehicles for weight reduction and improved efficiency

Market Overview: 

The global Carbon Fiber Prepreg Market is expected to grow at a CAGR of XX% from 2024 to 2031, reaching a value of USD YY by 2031.

North America currently dominates the market, with key metrics indicating strong growth in aerospace and automotive applications. The market is experiencing robust expansion driven by increasing demand for lightweight and high-strength materials across various industries.

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Market Dynamics: 

The automotive industry is shifting significantly towards electric vehicles (EVs), which is boosting demand for carbon fibre prepregs. These innovative materials have high strength-to-weight ratios, allowing manufacturers to reduce vehicle weight while maintaining structural integrity. Carbon fibre prepregs are lightweight, which helps to increase driving range and energy efficiency in EVs.

Market Segmentation: 

The aerospace and defence sector's dominance in the carbon fibre prepreg industry is due to the material's excellent qualities, which include a high strength-to-weight ratio, fatigue and corrosion resistance. These properties make carbon fibre prepregs useful for aviation components, spacecraft structures, and defence applications.

Market Key Players:

Hexcel Corporation

Solvay S.A.

Toray Industries, Inc.

Teijin Limited

Mitsubishi Chemical Corporation

SGL Group

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Name: Hari Krishna

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[kalpeshpatelkemrock]

Kalpesh Patel Kemrock: A Visionary Leader

Former MD & CEO of Kemrock Industries & Exports Ltd., Kalpesh Patel is a name to be reckoned with when it comes to Advance Composites. Of these, he led the success story of Kemrock Industries & Exports Ltd. and was instrumental in setting up India's First carbon fiber manufacturing facility which was inaugurated by then honorable President of India Shri A.P.J.Abdul Kalam

Under Patel, Kemrock Industries became a key player in the aerospace defence and wind energy, sector by suppling carbon fiber composites sheets advanced prepregs. The success of Kemrock Industries is a testimony to these. as also its self-sufficiency in design, product development and manufacturing capabilities for composite products in aerospace, defense & wind energy market which was the vision of Patel from day one The fit of the company's carbon fiber capability with its existing operations was strategic, as it complemented the firm's capacity to make resins and do technical fabrics work as well as moulding.

After acquisition of Kemrock by Reliance Industries Ltd., Patel initiated his own Consultancy & Business Advisory in field of Advance Composites using his wealth experience and knowledge, serving around the world with vibrant unique solutions to combat complexities. Today, he leverages his experience from the previous world to offer strategic advice & operational help via PathNine. Global composite industry market size estimated to expand with an annual CAGR of 10.8% and reach USD 181.7 billions by 2028 dominated in North America and Europe, where Asia-Pacific is expected experience substantial growth during the forecast period This was an important step towards indigenising the carbon fibre production process and bolstering technological self-sufficiency in order to compete on a global scale.

Aligned with: the makings of a sector where his influence continues to shape new enterprises and inspire evolution in novel materials. His experience is highly valuable to help push the boundaries of what we can achieve in manufacturing and technology, thereby making India stay ahead in the global advancements. From the path which was lead by this revolutionary in carbon fibre technology is en exemplary journey achieved through adaptability, knowledge and leadership abilitiesthat has led Mr. Patel to be a succsessfull bussiness consultant. For his systematic approach to driving innovation, growth and results, he is esteemed in the business world. Even to this day, Patel keeps on serving and advising businesses that are aiming for success hence his carbon fiber career path will always be one of many entrepreneurs greatest inspiration.

[bommagoni]

Carbon Fiber Prepreg Market Analysis, Size, Share, Trends

[master-ps]

Carbon Composites Market, Share, Size, Trends, Forecast and Future Outlook

Carbon Composites Market

The market research report provides a comprehensive analysis of the industry, with a specific focus on the Carbon Composites Market. It examines the size, growth rate, and major trends within the Carbon Composites Market, offering valuable insights into its current state and future prospects. The report explores the significance of Carbon Composites in driving market dynamics and shaping business strategies. It investigates the market drivers, such as increasing consumer demand and emerging trends related to Carbon Composites, providing a deep understanding of the factors influencing market growth. Additionally, the report assesses the competitive landscape within the Carbon Composites Market, profiling key players and their market share, strategies, and product offerings. It also addresses market segmentation, identifying different segments within the Carbon Composites Market and their unique characteristics. Overall, the market research report equips businesses operating in the Carbon Composites Market with valuable information and actionable recommendations to capitalize on opportunities and navigate the challenges in the industry.

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This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends. In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.

The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and sub segments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.

Carbon Composites Market Segment Analysis

Carbon Composites Market By Product Type 

Unidirectional Carbon Fiber Sheet

Prepregs

Fabrics & Tape

Laminates

Molded Components

Carbon Composites Market By Raw Materials

PAN-based Carbon Fibers

Pitch Based Carbon Fibers

Recycled Carbon Fibers

Carbon Composites Market By End User

Aerospace

Automotive

Wind Energy

Sports & Recreation

Construction

Marine

Carbon Composites Market By Region

North America

Europe

Asia Pacific

South America

Middle east & Africa

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Table of Content

 1         Executive Summary

 2         Market Introduction

 2.1         Definition

 2.2         Architecture

 2.3         Scope of the Study

 2.4         Related Stakeholders

 3         Research Methodology

 3.1         Introduction

 3.2         Primary Research

 3.2.1        Key Insights

 3.2.2        Breakdown of Primary Interviews

 3.3         Secondary Research

 3.3.1        Important Sources

 3.4         Market Size Estimation Approaches

 3.4.1        Top-Down Approach

 3.4.2        Bottom-Up Approach

 3.4.3        Data Triangulation

 3.5         List of Assumptions

 4         Market Dynamics

 4.1         Introduction

 4.2         Drivers

 4.3         Restraints

 4.4         Opportunities

 4.5         Porter's Five Forces Model Analysis

 4.6         Value Chain Analysis

 4.7         Impact of COVID-19 on Global Carbon Composite Market

 5         Global Carbon Composite Market, By Product Type

 5.1         Introduction

 5.2         Unidirectional Carbon Fibre Sheet

 5.3         Prepregs

 5.4         Fabrics & Tape

 5.5         Laminates

 5.6         Moulded Components

 6         Global Carbon Composite Market, By Raw Material

 6.1         Introduction

 6.2         PAN-based Carbon Fibers

 6.3         Pitch Based Carbon Fibers

 6.4         Recycled Carbon Fibers

 7         Global Carbon Composite Market, By End User

 7.1         Introduction

 7.2         Aerospace

 7.3         Automotive

 7.4         Wind Energy

 7.5         Sports & Recreation

 7.6         Construction

 7.7         Marine

 8         Global Carbon Composite Market, By Region

 8.1         Introduction

 8.2         North America

 8.2.1        US

 8.2.2        Canada

 8.2.3        Mexico

 8.3         Europe

 8.3.1        Germany

 8.3.2        UK

 8.3.3        France

 8.3.4        Italy

 8.3.5        Spain

 8.3.6        Rest of Europe

 8.4         Asia-Pacific

 8.4.1        China

 8.4.2        India

 8.4.3        Japan

 8.4.4        South Korea

 8.4.5        Rest of Asia-Pacific

 8.5         Middle East and Africa

 8.6         South America

 9         Competitive Landscape

 9.1         Introduction

 9.2         Vendor Evaluation Criteria

 9.3         Vendor Share Analysis, 2021

 9.4         Recent Developments, 2019-2021

 9.4.1        New End User Launches

 9.4.2        Partnerships

 9.4.3        Mergers or Acquisitions

 9.4.4        Business Expansions

 10     Company Profiles

(This section covers the Business Overview, Financial Overview, End User and End User Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.

 10.1     Toray Industries, Inc.

 10.2     Teijin Limited

 10.3     Hexcel Corporation

 10.4     Mitsubishi Chemical Holdings Corporation

 10.5     SGL Carbon

 10.6     Zoltek Companies, Inc. (a subsidiary of Toray Industries)

 10.7     Cytec Solvay Group (now part of Solvay S.A.)

 10.8     Axiom Materials, Inc.

 10.9     Park Aerospace Corp.

 10.10  PRF Composite Materials

 10.11  DowAksa

 10.12  SABIC

 10.13  Lanxess AG

 10.14  Toho Tenax (a subsidiary of Teijin Limited)

 10.15  Owens Corning

 10.16  Hyosung Corporation

 10.17  Gurit Holding AG

 10.18  Colbond B.V. (a subsidiary of Low & Bonar)

 10.19  Plasan Carbon Composites

 10.20  Royal DSM

 10.21  Nippon Electric Glass (NEG)

 10.22  Gurit Holding AG

 10.23  SGL Carbon SE

 10.24  TenCate Advanced Composites (a part of Toray Industries)

 10.25  Huntsman International LLC

 10.26  Others

 11     Appendix

 11.1     Discussion Guide

 11.2     Customization Options

 11.3     Related Reports

Continue…

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[shubhamresearch]

Carbon Fiber Prepreg Market to hit USD 18.32 Bn by 2029, Supply Chain Analysis, Market Size and Share

To automate the engineering process various advanced carbon fiber prepreg software tools are being developed. During the manufacturing and designing stages of carbon fiber prepreg, these tools identify and solve problems incurred. One of the major factors driving the market growth is the increasing adoption of green energy sources with rapid industrialization. The major challenge for the Carbon Fiber Prepreg Market growth is the high cost required for research and development.

[delvenservices]

Carbon Fiber Tape Market Industry Share & Size Analysis

Carbon Fiber Tape Market by form (Prepreg Tape, Carbon Tape), Resin (Epoxy, Thermoplastic, Polyamide), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace, Marine, Pipe & Tank, Sporting Goods) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The global Carbon Fiber Tape Market will witness a CAGR of 9.02% during the forecast period of 2021-2028.

Carbon fiber tape is a flat material made of carbon fiber that is suitable for graphite surface crack repair, lap joining, and sleeve winding, and specific strengthening of carbon fiber fabrication. Carbon fiber tapes are majorly applicable in aerospace and sporting goods industries for producing various materials such as golf shafts, bicycle frames, fuselage skins, and wing spars. In addition, they are applicable in medical, pipe & tank, automotive, and wind energy.

Growth in the demand for carbon fiber tape especially in the developing economies like India and China, growing use of carbon fiber tape for a wide range of end user applications such as aerospace and marine, wind energy, sporting goods, construction and infrastructure, and other applications, growth in the production of lightweight automobiles and surge in industrialization especially in the developing countries are some of the factors that have supported long-term expansion for Carbon Fiber Tape Market.

Owing to the outbreak of the COVID-19 pandemic, the global carbon fiber tape market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown.

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Regional Analysis

North America accounts for the largest share in the carbon fiber tape market, owing to the growing economies of the US, Canada, the presence of prominent players, and expanding aerospace & defense industry. In North America, the US is projected to grow at the fastest rate during the forecast period. It is the largest market for carbon fiber tape in North America.

Competitive Landscape

Evonik Industries

SABIC

ZOLTEK Corporation

Teijin Limited

Hexcel Corporation

Toray Advanced Composites

SGL Carbon

Koninklijke DSM N.V.

Mitsubishi Chemical Corporation

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Recent Developments

In April 2018, Solvay launched Evolite F1050, a high-performance PVDF carbon fiber composite tape for demanding oil & gas applications.

In February 2019, Teijin acquired Renegade Materials Corporation, a supplier of highly heat-resistant thermoset prepreg for the aerospace industry in North America. This helped the company solidify its position as a leading provider of solutions for aerospace applications.

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Carbon Fiber Tape Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Report Scope

Carbon Fiber Tape Market is segmented into form, resin, manufacturing process, end use industry and region.

On the basis of Form

Prepreg tape

Dry tape

On the basis of Resin

Epoxy

Thermoplastic

Bismaleimide

Polyamide

On the basis of Manufacturing Process

Hot melt

Solvent drip

On the basis of End-User Industry

Aerospace & Defense

Marine

Pipe & Tank

Construction & Infrastructure

Sporting Goods

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

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[abhijeetw]

Carbon Fiber Prepreg Market Worth $11.5 Billion | Global Trends and Forecasts to 2024

The carbon fiber prepreg market is projected to grow from USD 7.0 billion in 2019 to USD 11.5 billion by 2024, at a CAGR of 10.5% between 2019 and 2024. The market is growing due to its increasing demand from aerospace & defense, automotive, and wind energy industries.

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Aerospace & defense end-use industry is expected to be the largest consumer of carbon fiber prepreg globally

The major end-user industries in the carbon fiber prepreg market include aerospace & defense, automotive, sports & recreation, and wind energy. The aerospace & defense industry accounted for a major share of the market, in terms of value and volume. This is due to the increased production of aircraft by Boeing and Airbus.

Europe is expected to lead the carbon fiber prepreg market during the forecast period.

Europe is a key carbon fiber prepreg market films market. The market is growing due to the high demand for materials with excellent strength, lightweight, and chemical and corrosion resistance properties. The market in the region is driven by the presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations in the region. In 2015, BMW started using carbon fiber implants in its 7-series sedan. There are a large number of offshore wind energy installations, especially in the UK and Germany. According to the Global Wind Energy Council (GWEC), the UK added 1,680 MW of offshore wind power capacity in 2017, which is almost 39% of capacity addition in the global offshore wind capacity in 2017.

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On the basis of End-use Industry, the carbon fiber prepreg market has been segmented as follows:

Aerospace & Defense

Wind Energy

Sports & Recreation

Automotive

Others (marine, medical, electrical & electronics, construction & infrastructure, and industrial)

On the basis of Region, the carbon fiber prepreg market has been segmented as follows:

Europe

North America

APAC

Middle East & Africa (MEA)

Latin America

Key Questions addressed by the report

Which are the major end-use industries of carbon fiber prepreg?

Which industry is the major consumer of dry carbon fiber market?

Which region is the largest and fastest-growing market for carbon fiber prepreg?

What are the major resins used in manufacturing dry carbon fiber market?

What are the major strategies adopted by leading market players?