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    Non-Woven Glass Fiber Prepreg Market Size, Share & Forecast (2020-2025) | Covid-19 Impact Analysis

    Non-Woven Glass Fiber Prepreg Market Size, Share & Forecast (2020-2025) | Covid-19 Impact Analysis

    Non-Woven Glass Fiber Prepreg Market Size, Share & Forecast (2020-2025) | Covid-19 Impact Analysis
    Report code - SRAM119 Delivery - 2 Weeks
    Non-Woven Glass Fiber Prepreg Market Size, Share, Trend, Forecast, & Competitive Analy See more...
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    Impact of COVID-19 on Non Woven Glass Fiber Prepreg Market

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

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    Impact of COVID-19 on Non Woven Glass Fiber Prepreg Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 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.

    Non-Woven Glass Fiber Prepreg Market Insights

    The global non-woven glass fiber prepreg market offers healthy growth opportunity and is likely to grow at >7% CAGR during the forecast period of 2020 to 2025. Increasing installations of longer wind turbines, increasing use of composites in the automotive industry, and recovering marine boat sales are some of the major growth drivers of the non-woven glass fiber prepreg market.

     

    Non-Woven Glass Fiber Prepreg Market Share Analysis

    Non-Woven Glass Fiber Prepreg Market Share by End-Use Industry Type

    Wind energy is expected to remain the largest user of non-woven glass fiber prepreg market during the forecast period, driven by increasing wind energy installations worldwide. The continuous increasing wind blade length needs a material which has high load bearing properties. Non-woven glass fiber prepreg based wind turbine blades provide higher load bearing capacity than woven prepreg based blades and are highly suitable for longer wind blades. Glass fiber based non-woven prepreg are mostly used to manufacturer different sections of wind blades.

    Automotive industry is expected to experience the fastest growth in the next five years driven by increasing use of composites in the mass produced vehicles to reduce an overall vehicle weight and increase the fuel efficiency. The stringent government regulations, such as CAFÉ Standards are putting pressures on automakers to either reduce the vehicle weight or downsize the engine to enhance the fuel efficiency or reduce the carbon emissions. Auto OEMs are heavily working on lightweight materials including non-woven prepreg to meet the targets set by regulations. This will push the demand of non-woven glass fiber prepreg in the global automotive industry. 

    Regional Insights

    Asia-Pacific is expected to remain the largest non-woven glass fiber prepreg market during the forecast period. The region is also likely to grow at the fastest rate in the next five years. The largest market for wind turbine installations, the largest automotive producers, the largest electrical and electronic components manufacturing region, and the fastest growing aerospace industry are the major growth drivers of the region. China and India are likely to remain the growth engines of the Asia-Pacific non-woven glass fiber prepreg market in the next five years.

    Key Players

    The supply chain of this market comprises raw materials suppliers, textile manufacturers, non-woven prepreg manufacturers, composite part manufacturers, distributors, and OEMs. The key non-woven glass fiber textile manufacturers are Owens Corning, Seartex, PPG Fiberglass, Jushi, CPIC and Taishan Fiberglass and the key OEMs are Vestas, Gamesa, GE Energy, Airbus, Boeing, General Motors, and Ford.

    The key non-woven glass fiber prepreg manufacturers are Hexcel Corporation, Gurit Holding AG, and Solvey A.G. New application development, strategic alliances, and long term contracts are the key strategies adopted by the key players to gain competitive edge in the market.

     

    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

    2014-2025

    Regions Covered

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

    Forecast

     >7% CAGR during 2020-2025

    Countries Covered

    The USA, Canada, Mexico, Germany, France, The UK, Italy, China, Japan, India, Middle East, Latin America and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Non-Woven Glass Fiber Prepreg Market Size, Share & Forecast by End-Use Industry Type:

    • Aerospace and Defense (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
    • Automotive (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
    • Electrical and Electronics (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
    • Wind Energy (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
    • Marine (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)

    Non-Woven Glass Fiber Prepreg Market Size, Share & Forecast by Sales Channel Type:

    • Direct Sales (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)
    • Distributors (Regional Analysis: NA, Europe, Asia-Pacific, and Rest of the World)

    Non-Woven Glass Fiber Prepreg Market Size, Share & Forecast by Region:

    • North America (Country Analysis: USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, UK, Italy, and Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-Pacific)
    • Rest of the World (Country Analysis: Middle East and Latin America)

     

    Report Features

    This report, from Stratview Research, studies the global non-woven glass fiber prepreg market over the period 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    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 3)
    • SWOT analysis of key players (up to 3)

    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 enquiry at [email protected].


    Frequently Asked Questions (FAQs)

    What will be the growth of Non-Woven Glass Fiber Prepreg Market in the foreseeable years?

    Driven by the factors like Increasing installations of longer wind turbines & increasing use of composites in the automotive industry, the non-woven glass fiber prepreg market is expected to witness an impressive growth of >7% CAGR during the forecast period of 2020 to 2025.

    Who are the key players in the Non-Woven Glass Fiber Prepreg Market?

    Hexcel Corporation, Gurit Holding AG, and Solvey A.G. are among the key players in the non-woven glass fiber prepreg market.

    Which country/region is expected to be the largest Non-Woven Glass Fiber Prepreg Market?

    Asia-Pacific is expected to remain the largest non-woven glass fiber prepreg market during the forecast period of 2020-25.

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