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    Carbon Prepreg Market Report

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

    Impact of COVID-19 on Carbon Prepreg Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Carbon Prepreg Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Carbon Fiber Prepreg Market Insights

    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.

    Despite several setbacks in the aerospace and automotive industries in 2019, the prepreg market participants 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 for 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. Stratview Research’s estimates suggest that the market is likely to pick up pace in the years to come to reach an estimated value of US$ 4.9 billion in 2026. 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.

    Carbon-Fiber-Prepreg-Market-Forecast

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    Carbon Fiber Prepreg Market Analysis

    Carbon Fiber Prepreg Market Share 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, the 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 are likely to catapult the carbon fiber prepreg demand in the years to come.

    Carbon-Fiber-Prepreg-Market-By-End-Use-Industry

    Carbon Fiber Prepreg Market Share 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. In spite of 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-Fiber-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 in order 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 need of the hour.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2015-2026

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Size in 2026

    US$ 4.9 billion

    Countries/Subregions Covered

    The USA, Canada, Mexico, France, Germany, the UK, Russia, China, Japan, India, Brazil, Saudi Arabia and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The carbon fiber prepreg market is segmented into the following categories.

    Carbon Fiber Prepreg Market Size, Share, & Forecast, by End-Use Industry

    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sporting Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Civil Engineering (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Carbon Fiber Prepreg Market Size, Share, & Forecast, by Resin Type

    • Thermoset Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermoplastic Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Carbon Fiber Prepreg Market Size, Share, & Forecast, by Form Type

    • UD Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fabric Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Carbon Fiber Prepreg Market Size, Share, & Forecast, by Curing Type

    • Autoclave (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Out of Autoclave (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Carbon Fiber Prepreg Market, by Product Type

    • Epoxy Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • BMI Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cyanate Ester Prepregs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyimide Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Phenolic Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PPS Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PEEK Prepregs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Prepregs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Carbon Fiber Prepreg Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

     

    Report Features

    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 of 2021 to 2026. The report estimates the short- as well as long-term ramifications of the COVID-19 pandemic on the demand for carbon fiber prepregs in various industries at the global, regional, as well as country level. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenarios. The vital data and information provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report 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 the 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 [email protected]

    Frequently Asked Questions (FAQs)

    Carbon Fiber Prepreg Market size is expected to grow at a healthy CAGR in the next five years to reach US$ 4.9 billion in 2026.

    Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites Inc., Solvay SA, Teijin Limited, Gurit Holding, Park Aerospace Corporation, and Toray Industries, Inc. are among the key players in the Carbon Fiber Prepreg Market.

    North America is expected to be the largest Carbon Fiber Prepreg Market during the forecast period.

    BMI prepreg is expected to grow at the fastest pace in the Carbon Fiber Prepreg Market in the coming years.

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