404
+1-313-307-4176
sales@stratviewresearch.com
Heat-Resistant PPA Prepreg Market Analysis | 2023-2032
Heat-Resistant PPA Prepreg Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2032
"The Heat-Resistant PPA Prepreg Market is likely to grow at a significant CAGR of 46% during 2023-2032 to reach US$ 22.9 million in 2032".
_93144.jpg)
Wish to get a free sample? Register Here
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.
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.
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. In 2019, Solvay and Marelli Holdings Co., Ltd. developed a steering knuckle prototype using PPA prepregs and compounds.
|
Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
|
Form-Type Analysis |
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 Analysis |
Automotive, Electrical and Electronics, Consumer Goods, Energy Storage, Aerospace and Defense, and Others |
The 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 Analysis |
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 Analysis |
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 Analysis |
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. |
"UD prepreg is estimated to remain the most preferred form type in the market during the forecast period".
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.
"The automotive industry is likely to dominate the market during the forecast period".
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.
Want to get more details about the segmentations? Register Here
"The glass fiber is expected to remain the widely used fiber type in the market during the forecast period".
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.
"PA4T is likely to be the preferred resin type in the market during the forecast period".
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.
"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".
In terms of region, 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.
Want to know which region offers the best growth opportunities? Register Here
Although PPA prepreg is still in the developmental phase, the following are the leading companies in the race of development of the same currently.
The following are the key players in the Heat-Resistant PPA Prepreg Market (arranged alphabetically)
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
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? |
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 requirement? |
10% free customization |
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
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
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.
The heat-resistant PPA prepreg market is likely to reach US$ 22.9 million in 2032.
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.
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.
WE ACCEPT
