Heat-Resistant PPA Prepreg Market is segmented by Form Type (UD Prepreg and Fabric Prepreg), End-Use Industry Type (Automotive [Exterior, Interior, and Under-the-Hood], Electrical & Electronics, Consumer Goods, Energy Storage, Aerospace & Defense, and Others), Fiber Type (Carbon Fiber Prepreg and Glass Fiber Prepreg), Process Type (Prepreg Layup, Additive Manufacturing, and Others), Resin Type (PA4T Prepreg, PA9T Prepreg, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Heat-Resistant PPA Prepreg Market is segmented by Form Type (UD Prepreg and Fabric Prepreg), End-Use Industry Type (Automotive [Exterior, Interior, and Under-the-Hood], Electrical & Electronics, Consumer Goods, Energy Storage, Aerospace & Defense, and Others), Fiber Type ...
Polyphthalamide (PPA) is well known for its exceptional performance at high temperatures and remarkable mechanical properties. The PPA prepreg is formed by pre-impregnating carbon/glass fiber with PPA resin and it is used in applications that require extremely light-weight materials. Although PPA prepreg has critical attributes such as higher heat resistance and lower moisture absorption, these high-performance UD tapes have very limited applications and have a higher cost.
Market Dynamics
The PPA prepreg market is still in the developmental phase and most of the companies have their PPA prepreg product in the R&D stage presently. The growing EV production would likely propel the demand for PPA prepreg, as it can be an ideal choice to produce EV battery enclosures. Furthermore, there is a good market opportunity for PPA prepreg in under-the-hood automotive applications with a simple structure.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Form-Type
UD Prepreg and Fabric Prepreg
UD prepreg remains the most preferred form category and will continue maintaining its dominance in the years to come.
End-Use Industry-Type
Automotive, Electrical and Electronics, Consumer Goods, Energy Storage, Aerospace and Defense, and Others
Automotive industry is likely to be the major demand generator of PPA prepreg and is also likely to experience the highest growth in the coming years.
Reinforcement-Type
Carbon Fiber Prepreg and Glass Fiber Prepreg
Glass fiber prepreg is expected to be the dominant and faster-growing reinforcement type over the next ten years.
Process-Type
Prepreg Layup, Additive Manufacturing, and Others
Prepreg layup is estimated to remain the most widely used process type for making parts using prepreg.
Resin-Type
PA4T, PA9T, and Others
PA4T is likely to be the dominant and fastest-growing resin type, during 2023-2032.
Regional Analysis
North America, Europe, Asia-Pacific, and the Rest of the World
Europe is expected to be the largest market over the next ten years, whereas Asia-Pacific is likely to grow at the highest during the same period.
By Form Type
The market is segmented into UD prepreg and fabric prepreg. UD prepreg is estimated to remain the most preferred form type in the market during the forecast period. Currently, all three companies are engaged in the development of UD tapes only. With a gradual rise in the demand for PPA prepreg, it is also anticipated that there will be a demand for fabric PPA prepregs in the long run.
By End-Use Industry Type
The market is segmented into automotive, electrical & electronics, consumer goods, energy storage, aerospace and defense, and others. Among the end-use industry types, the automotive industry is likely to dominate the market during the forecast period. Currently, all the developments related to PPA prepreg are mainly targeted at the automotive industry. However, it is anticipated that energy storage tanks and electrical & electronics would be the next target applications for PPA prepreg in the coming years.
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By Fiber Type
The market is segmented into carbon prepreg and glass prepreg. Between fiber types, glass fiber is expected to remain the widely used fiber type in the market during the forecast period. Glass fiber mainly competes in highly cost-sensitive industries such as automotive and it is also preferred for electrical & electronics, and consumer goods applications. On the other hand, carbon fiber is primarily preferred for aerospace & defense applications and is likely to rapidly gain market share in the coming years.
By Resin Type
The market is classified as PA4T, PA9T, and others. PA4T is likely to be the preferred resin type in the market during the forecast period, owing to its critical advantages, such as high melting point, excellent noise, vibration, and harshness (NVH) properties, along with extreme stiffness and strength.
Regional Analysis
Europe is expected to be the largest market for heat-resistant PPA prepregs during the forecast period, following a similar trend of thermoplastic prepreg. This region is home to all three PPA prepreg manufacturers. On the contrary, the Asia-Pacific region, is likely to witness the fastest market growth during the forecast period, mainly driven by the automotive industry in Japan and China.
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Key Players
The market is currently at the introductory stage with the presence of a few global players, which are currently working on the R&D of PPA prepreg. Many companies backed off from the market after commercializing the product, as there wasn’t any significant market demand. Although PPA prepreg is still in the developmental phase, the following are the leading companies in the race of development of the same currently:
Solvay
Arkema
DSM
In 2019, Solvay and Marelli Holdings Co., Ltd. developed a steering knuckle prototype using PPA prepregs and compounds.
Report Features
This report provides market intelligence most comprehensively. 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 Heat-Resistant PPA 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?
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 requirement?
10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s heat-resistant PPA prepreg market realities and future market possibilities for the forecast period. 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 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 10 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.
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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The heat-resistant PPA prepreg market is estimated to grow at a CAGR of 46% by 2032, driven by the factors, such as increasing production of automobiles (ICEVs and EVs) and rising demand for hydrogen pressure vessels.
Solvay, Arkema, and DSM are the leading players involved in the market. Although the PPA prepreg business is at the introductory stage, it is anticipated that the market may follow the thermoplastic prepreg business path with companies having the capabilities of thermoplastic resins (PPA) having a high likelihood to enter the market.
Europe is estimated to be dominant in the foreseeable future. Europe is likely to be an early adopter of the PPA prepreg, the way the region became the master of thermoplastic prepreg. In addition, the region is home to the three companies (Solvay, Arkema, and DSM) that are currently involved in the PPA prepreg market.
Asia-Pacific is likely to be the fastest-growing region in the foreseeable future, majorly influenced by the increasing developments in the automotive industry (especially in the EV marketspace) in Japan and China.
The automotive end-use industry is expected to be dominant in the market in the coming years. This is because the primary applications of PPA prepreg are currently circled in the automotive industry. In addition, with the increasing demand for EVs, EV battery enclosure (under-the-hood component) would likely be a high-potential application for PPA prepregs in the long run.
