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    Carbon Fiber Prepreg Market Analysis | 2021-2026

    Carbon Fiber Prepreg Market Analysis | 2021-2026
    Report code - SRAM429 Published On : Jan,2021 No. of Pages: 304
    Carbon Fiber Prepreg Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-20 See more...

    Market Highlights

    The Carbon Fiber Prepreg Market is likely to grow at a healthy CAGR of 6.9%, in the long run, to reach US$ 4.9 Billion in 2026.  

    Carbon fiber prepregs offer excellent performance over other prepregs with numerous advantages such as excellent weight reduction, high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance. Escalating demand for lightweight materials from key industries, such as aerospace & defense and automotive, owing to rapidly changing market dynamics with increased demand for lightweight and durable materials is likely to create new revenue pockets for prepreggers in this product category.

    Covid-19 Impact

    Despite several setbacks in the aerospace and automotive industries in 2019, the prepreg market participants were somehow efficacious in maintaining their growth trajectory in the year. However, the outbreak of the pandemic, which was initially anticipated as a viable hitch, later transformed into an obstruction to survival for many stakeholders of almost all the end-use industries with aerospace and automotive proving to be its biggest victims. The wind energy and marine industries proved to be the shining stars during this trying time, keeping the big guns engaged in business.

    The carbon fiber prepreg market is expected to mark a massive decline in 2020. The short-term impact on the market is evident in major players’ H1 2020 results with a massive plunge in revenue, huge loss, employee layoffs, cash-burnouts, production halt, etc. Nevertheless, the long-term outlook still seems hopeful with a gradual rebound in aircraft and automobile production, ultimately imprinting a positive impact on the market. Carbon prepreg accounts for more than a mammoth 80% of the total prepreg market. The slumping production rate of composite-rich aircraft, B787, and A350XWB is acting as one of the prime reasons behind the market’s delayed recuperation.

    Segments Analysis

    By End-Use Industry

    Based on the end-use industry type, Stratview research has segmented the market as aerospace & defense, wind energy, automotive, civil engineering, sporting goods, marine, and others. Despite the current glum scenario, aerospace & defense is expected to push through, maintaining its dominance in the market till 2026. On the other side, the automotive industry is expected to turn the corner, healing at the fastest pace during the forecast period. Unabating demand for fuel-efficient vehicles, owing to rising concerns over environmental pollution and an expected ramp-up in composite penetration in newer aircraft programs is likely to catapult the carbon fiber prepreg demand in the years to come.

    Carbon Fibre Prepreg Market By Segment

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    By Product Type

    Based on the product type, we have classified the market as epoxy prepreg, BMI prepreg, cyanate ester prepreg, polyimide prepreg, phenolic prepreg, PPS prepreg, PEEK prepreg, and other prepregs. Epoxy prepreg is likely to hold the throne in the market till 2026, whereas BMI prepreg is expected to grow at the fastest pace in the next five years. Carbon fiber prepregs are generally used with epoxy resin systems for several crucial applications such as aircraft fuselage, wings, control surfaces, engine & nacelles, fan blades, and interiors.

    Regional Insights

    All regions are expected to suffer from an enormous decline in 2020. Despite the grave downturn, North America is projected to remain the largest market during the forecast period. The region’s dominance is attributed to several factors including a robust supply chain and the presence of major tier players, OEMs, and prepreggers. Aerospace & Defense is estimated to remain the biggest demand generator for carbon fiber prepreg in the region’s market.

    Carbon Fibre Prepreg Market by Region

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    Asia-Pacific is anticipated to log a quick recovery in the market during the forecast period. The upcoming commercial aircraft program (C919), continuous manufacturing shift of sporting goods equipment in China, the opening of assembly plants in China by Boeing and Airbus, and an ongoing shift in assembly plants of automotive OEMs in the region are likely to create a healthy long-term demand for carbon fiber prepregs in the region.

    Key Players

    The supply chain of this market comprises raw material suppliers, carbon fiber prepreg manufacturers, distributors, composite part fabricators, OEMs, and MRO companies.

    The key carbon fiber prepreg manufacturers include-

    • Hexcel Corporation
    • Mitsubishi Chemical Carbon Fiber and Composites Inc.
    • Solvay SA
    • Teijin Limited
    • Gurit Holding
    • Park Aerospace Corporation
    • Toray Industries, Inc.

    The formation of long-term contracts, application development, and development of innovative products are some of the key strategies adopted by the major players to gain a competitive edge in the market. The prevalent COVID-19 crisis has pushed leading players to realign their strategies to adapt to the needs of the hour.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s carbon fiber prepreg market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Carbon Fiber Prepreg Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)