Tooling Prepreg Market Report

Market Highlights

"The Tooling Prepreg Market is likely to grow at a CAGR of 9.1% during 2021-2026 to reach USD 0.2 billion in 2026".

Market Dynamics

Introduction

Tooling prepreg is used to make high-quality composite tools, also known as molds, for various industries. It is mainly reinforced with carbon fiber or glass fiber which is impregnated with resins like epoxy, BMI, and others. For the manufacturing of composite parts, tools made from tooling prepregs can withstand several curing cycles. The biggest advantage of tooling prepreg-made molds over metal molds is that its CTE (Coefficient of thermal expansion) is close to the CTE of parts; hence, during cure, shrinkage and thermal expansions of tools and parts are almost similar which helps to maintain the part’s dimensional accuracy.

COVID-19 Impact

The tooling prepreg market was severely hit by the pandemic in 2020, majorly influenced by the downfall of end-use industries, such as aerospace, automotive, and industrial. The tooling prepreg market logged a massive decline of -30.7% in 2020, creating a lag of more than 4 years in the market.

Market Drivers

An expected recovery in the aerospace and automotive industries coupled with an incessant increase in the penetration of composites is likely to drive the demand for molds in the years come. Furthermore, the inherent benefits of tooling prepregs help the material to gain more acceptance in the market.

Segments' Analysis

By End-Use Industry

"Aerospace is expected to remain the biggest demand generator for tooling prepregs during the forecast period".

• The tooling prepreg market is segmented as aerospace, automotive, industrial, and others.
• Aerospace is expected to remain the biggest demand generator for tooling prepregs during the forecast period. The industry type is also subjected to grow fastest in the post-pandemic market developments. Prepreg is majorly used in aerospace tooling applications owing to its advantages, such as CTE near to the CTE of the parts, and easy fabrication into complex tool shapes.

By Process Type

"Autoclave is the dominant process type in the market during the forecast period".

• The market is segmented as autoclave prepreg and out-of-autoclave (OoA) prepreg.
• Autoclave is the dominant process type in the market during the forecast period, whereas out-of-autoclave prepreg is expected to experience faster growth during the same period. The dominance of autoclave tooling prepreg is due to its outstanding mechanical properties and service temperature. The out-of-autoclave process is gaining faster acceptance in the market as it provides excellent surface finish and low void content with an overall low equipment cost.

By Resin Type

"Epoxy resin is likely to maintain its dominance during the forecast period".

• The tooling prepreg market is segmented as epoxy prepreg, BMI prepreg, and other prepreg.
• Epoxy resin is likely to maintain its dominance during the forecast period. Epoxy resin is suitable for low production rates and is used as a low-cost solution for prototype and one-off development tool design.

"BMI is expected to remain the second-dominant and the highest-growing segment during the forecast period".

• BMI resin is generally used for high-rate production as it becomes economical, whereas, for a single tool, it is extremely expensive as it requires a master mold.

By Fiber Type

"Carbon fiber is expected to remain the most preferred fiber type in the market during the forecast period".

• The market is segmented as carbon fiber prepreg and glass fiber prepreg.
• Carbon fiber is expected to remain the most preferred fiber type in the market during the forecast period. Higher specific strength, lightweight, and excellent corrosion resistance are some key factors behind its dominance.

Regional Analysis

"North America is expected to remain the largest market for tooling prepregs during the forecast period".

• The USA is the growth engine of the region’s market with the presence of several tooling prepreg manufacturers, aircraft and automotive OEMs, tier players, and raw material suppliers.

"Asia-Pacific is likely to experience the fastest growth during the same period, mainly driven by emerging economies such as China and India".

Key Players

The following are the key players in the tooling prepreg market. Most of the major players are providing tooling prepregs for almost all the major end-use industries.

• Toray Advanced Composites
• Hexcel Corporation
• Solvay S.A.
• Airtech Advanced Materials Group
• SHD Composites Material Ltd
• 3M
• PRF Composite Materials
• GMS Composites

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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?

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s tooling prepreg market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order 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 1000 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 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

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