Carbon Fiber Prepreg Marketby End-Use Industry Type (Aerospace & Defense, Wind Energy, Sporting Goods, Automotive, Civil Engineering, Marine, and Others), Resin Type (Thermoset and Thermoplastic), Form Type (UD Prepreg and Fabric Prepreg), Curing Type (Autoclave, Out of Autoclave, and Others), Product Type (Epoxy, BMI, Cyanate Ester, Polyimide, Phenolic, PPS, PEEK, and Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Carbon Fiber Prepreg Market by End-Use Industry Type (Aerospace & Defense, Wind Energy, Sporting Goods, Automotive, Civil Engineering, Marine, and Others), Resin Type (Thermoset and Thermoplastic), Form Type ...
Carbon Fiber Prepreg is a high-performance composite material comprising carbon fibers pre-impregnated with a thermosetting resin. The carbon fibers provide superior strength, while the resin matrix ensures structural integrity. The term "prepreg" signifies that the fibers are impregnated with resin before use, guaranteeing a consistent ratio. Stored in a temperature-controlled environment to prevent premature curing, carbon fiber prepreg is utilized in manufacturing lightweight, high-strength components, revolutionizing various applications with its advanced engineering capabilities.
Carbon fiber prepregs offer excellent performance over other prepregs with 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. Escalating demand for lightweight materials from key industries, such as aerospace & defense and automotive, owing to rapidly changing market dynamics with increased demand for lightweight and durable materials is likely to create new revenue pockets for prepreggers in this product category.
Despite several setbacks in the aerospace and automotive industries in 2019, the prepreg market participants were somehow efficacious in maintaining their growth trajectory in the year. However, the outbreak of the pandemic, which was initially anticipated as a viable hitch, later transformed into an obstruction to survival for many stakeholders of almost all the end-use industries with aerospace and automotive proving to be its biggest victims. The wind energy and marine industries proved to be the shining stars during this trying time, keeping the big guns engaged in business.
The carbon fiber prepreg market is expected to mark a massive decline in 2020. The short-term impact on the market is evident in major players’ H1 2020 results with a massive plunge in revenue, huge loss, employee layoffs, cash burnouts, production halts, etc. Nevertheless, the long-term outlook still seems hopeful with a gradual rebound in aircraft and automobile production, ultimately imprinting a positive impact on the market. Carbon prepreg accounts for more than a mammoth 80% of the total prepreg market. The slumping production rate of composite-rich aircraft, B787, and A350XWB is acting as one of the prime reasons behind the market’s delayed recuperation.
"The aerospace & defensesegment accounted for the largest market share."
Stratview Research has segmented the market as aerospace & defense, wind energy, automotive, civil engineering, sporting goods, marine, and others. Despite the current glum scenario, aerospace & defense is expected to push through, maintaining its dominance in the market till 2026. Conversely, the automotive industry is expected to turn the corner, healing at the fastest pace during the forecast period. Unabating demand for fuel-efficient vehicles, owing to rising concerns over environmental pollution and an expected ramp-up in composite penetration in newer aircraft programs, is likely to catapult the carbon fiber prepreg demand in the years to come.
Product Trends
"Epoxy prepreg segment accounted for the largest market share."
We have classified the market as epoxy prepreg, BMI prepreg, cyanate ester prepreg, polyimide prepreg, phenolic prepreg, PPS prepreg, PEEK prepreg, and other prepregs. Epoxy prepreg is likely to hold the throne in the market until 2026, whereas BMI prepreg is expected to grow faster in the next five years. Carbon fiber prepregs are generally used with epoxy resin systems for crucial applications such as aircraft fuselage, wings, control surfaces, engine & nacelles, fan blades, and interiors.
Regional Insights
"North Americaaccounted for the largest market share."
All regions are expected to suffer from an enormous decline in 2020. Despite the grave downturn, North America is projected to remain the largest market during the forecast period. The region’s dominance is attributed to several factors, including a robust supply chain and the presence of major tier players, OEMs, and prepreggers. Aerospace & Defense is estimated to remain the biggest demand generator for carbon fiber prepreg in the region’s market.
Asia-Pacific is anticipated to log a quick recovery in the market during the forecast period. The upcoming commercial aircraft program (C919), continuous manufacturing shift of sporting goods equipment in China, the opening of assembly plants in China by Boeing and Airbus, and an ongoing shift in assembly plants of automotive OEMs in the region are likely to create a healthy long-term demand for carbon fiber prepregs in the region.
The supply chain of this market comprises raw material suppliers, carbon fiber prepreg manufacturers, distributors, composite part fabricators, OEMs, and MRO companies.
The key carbon fiber prepreg manufacturers include:
The formation of long-term contracts, application development, and development of innovative products are some of the key strategies adopted by the major players to gain a competitive edge in the market. The prevalent COVID-19 crisis has pushed leading players to realign their strategies to adapt to the needs of the hour.
Note: The above list does not necessarily include all the top players of 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.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Carbon Fiber 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
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10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s carbon fiber prepreg marketrealities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner 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 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.
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Detailed profiling of additional market players (up to three players)
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Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites Inc., Solvay SA, Teijin Limited, Gurit Holding, Park Aerospace Corporation, and Toray Industries, Inc. are among the key players in the Carbon Fiber Prepreg Market.
The supply chain of the carbon fiber prepreg market comprises raw material suppliers, carbon fiber prepreg manufacturers, distributors, composite part fabricators, OEMs, and MRO companies.
