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    Thermoplastic Prepreg Market Report

    Thermoplastic Prepreg Market Report
    Report code - SRAM178 Published On : Sep,2020 No. of Pages: 245
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    Thermoplastic Prepreg Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2 See more...

    Impact of COVID-19 on Thermoplastic Prepreg Market

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

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    Impact of COVID-19 on Thermoplastic 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 statergy 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.

    Thermoplastic Prepreg Market Insights

    Thermoplastic prepregs offer a series of advantages including faster part cycle time, recyclability, ease of fabrication, and excellent mechanical properties. Major aircraft OEMs: Boeing, Airbus, and Gulfstream have efficaciously started leveraging the potential of thermoplastic composites from the tail to wings to fuselage components in their latest aircraft. Though thermoset prepregs have been the perennial choice for several decades in the aerospace industry, the penetration of thermoplastic composites is likely to rise in the future with the continuous advancements in materials, technology, and processes. Major thermoplastic prepreg manufacturers are avidly working with tier players and OEMs in order to develop new applications using thermoplastic prepregs.

    The outburst of COVID-19 has caused an unnerving impact on the two-key demand-generators of thermoplastic prepreg, the aerospace, and automotive industries. The aerospace industry is likely to be the hardest hit by the pandemic with the grave repercussions in the first half of 2020. Similarly, the automotive production levels are expected to slump massively in 2020, imprinting an appalling impact on the industry (Automotive production’s plummet during the Great Recession: -12.1% YoY 2008-2009 and The Great Lockdown: -22% YoY 2019-2020).

    Currently, it is an arduous task to determine the real impact of the pandemic on the thermoplastic prepreg market, but factoring in the recoveries logged during the Great Recession, SARS, MERS, etc., coupled with several primaries conducted across the supply chain, Stratview Research estimates that the market is likely to make a healthy rebound, reaching a value of US$ 170.2 Million by 2026. Thermoplastic prepreg currently accounts for less than 5% of the global prepreg market; however, it is likely to grow at a faster rate than the overall prepreg market in the coming five years, driven by an expected recovery in the aerospace & defense and automotive industries.

    Expected recuperation in the production rates of commercial and regional aircraft, such as thermoplastic composite-rich next-generation aircraft, B787, and A350XWB; rising demand for lightweight recyclable parts; reduced part cycle time coupled with the lower-processing cost of thermoplastic composite parts as compared to thermoset composite parts; and stringent regulations regarding fuel efficiency and carbon emissions in the aerospace and automotive industries are some of the key factors that will burgeon the demand for thermoplastic prepregs in the long run.

     

    Thermoplastic Prepreg Market Share Analysis

    Thermoplastic-Prepreg-Market-Dominant-Segments

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    Thermoplastic Prepreg Market by End-Use Industry Type

    The market is segmented based on the end-use industry as aerospace & defense, consumer goods, automotive, and others. Despite suffering a grave impact of the pandemic in 2020, aerospace & defense is projected to remain the most dominant segment of the market during the forecast period. Gradually rebounding the production of commercial aircraft coupled with an increase in penetration of thermoplastic composites, especially in composite-rich aircraft programs, such as B787 and A350XWB is likely to fuel the growth of the segment in the long-term. Clips and cleats used in the fuselage are the major applications of thermoplastic prepregs in these aircraft programs.

    Thermoplastic Prepreg Market by Resin Type

    Based on the resin type, we have segmented the market as PPS, PEEK, PEI, and others. PPS resin is likely to maintain its unquestionable lead in the market, along with the fastest recovery in the post-pandemic scenario. PPS resin has good dimensional stability even at elevated temperatures and in the harsh chemical environment coupled with the advantage of the ease of molding complex parts with a tight tolerance making them the preferred material for various aircraft applications, especially in aircraft airframe. The aircraft industry is also showing a sheer interest in PEEK-based thermoplastic prepregs.

    Thermoplastic Prepreg Market by Fiber Type

    Based on the fiber type, carbon fiber is projected to remain the larger segment of the market during the forecast period. Carbon fiber offers 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 but at a very high cost. Major thermoplastic composite applications in an aircraft, such as clips and cleats, are fabricated with carbon fiber-based thermoplastic prepreg.

    Thermoplastic Prepreg Market by Manufacturing Process Type

    Based on the manufacturing process type, we have classified the market as compression molding, injection molding, AFP (Automated Fiber Placement)/ATL (Automated Tape Layup), and others. Compression molding is expected to maintain its supremacy in the market. The process offers a faster part cycle time, reduced part wastage, and reduced defects, which overall leads to a lower part cost. On the other hand, AFP/ATL is likely to grow at the quickest pace during the same period, driven by increasing demand for an automated process that can lay the prepreg at a faster rate than the manual layup process and generates low void content.

    Regional Insights

    In terms of regions, Europe is expected to maintain its unassailable dominance in the market, also recovering at the fastest rate during the forecast period. Airbus is one of the major consumers of thermoplastic prepregs in Europe. Major thermoplastic component manufacturers have set up their manufacturing plants in the region in order to remain proximal with the Airbus assembly plants to fulfill its current and future requirements of composite parts made with thermoplastic prepregs. North America to suffer the most severe jolt due to the pandemic, subsequently marking the fast rally. The major OEMs, Boeing and Gulfstream Aerospace, are likely to drive the demand for thermoplastic composite parts in the region in the long run.

    Thermoplastic-Prepreg-Market-By-Region

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    Key Players

    The supply chain of this market comprises raw material suppliers, thermoplastic prepreg manufacturers, distributors, thermoplastic composite component manufacturers, OEMs, and MRO companies.

    The key thermoplastic prepreg manufacturers include-

    • Solvay S.A.
    • Toray Industries, Inc.
    • Lanxess A.G
    • SABIC
    • Teijin Group.

    Some of the major end-users in the thermoplastic prepreg market include-

    • Airbus
    • Boeing
    • Gulfstream Aerospace
    • Dassault Aviation
    • Lenovo
    • Hewlett-Packard (HP)

    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.

     

    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$ 170.2 Million

    Countries/Subregions Covered

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

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The thermoplastic prepreg market is segmented into the following categories.

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

    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Thermoplastic Prepreg Market Size, Share & Forecast, by Resin Type

    • PPS Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PEEK Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PEI Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Prepregs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Thermoplastic Prepreg Market Size, Share & Forecast, by Fiber Type

    • Carbon Fiber Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass Fiber Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Thermoplastic 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)

    Thermoplastic Prepreg Market Size, Share & Forecast, by Process Type

    • Compression Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • AFP/ATL (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Thermoplastic Prepreg Market Size, Share & Forecast, by Region

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

    Thermoplastic-Prepreg-Market-Segmentation

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    Report Features

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s thermoplastic 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. Also, the report provides the possible loss that the industry is likely to register by comparing pre-COVID and post-COVID scenario. The vital data/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 at [email protected]

    Frequently Asked Questions (FAQs)

    The thermoplastic prepreg market is expected to witness an impressive CAGR to reach an estimate value of US$ 170.2 Million in the foreseeable future.

    Solvay S.A., Toray Industries, Inc., Lanxess A.G, SABIC, and Teijin Group., etc. are among the key players in the thermoplastic prepreg market.

    Europe is expected to remain the most dominant region in the thermoplastic prepreg market during the forecast period of 2021-26.

    Compression molding is expected to maintain its supremacy in the thermoplastic prepreg market in the coming five years.

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