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    High Temperature Prepreg Market Report

    High Temperature Prepreg Market Report
    Report code - SRAM175 Published On : Sep,2020 No. of Pages: 235
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    High-Temperature Prepreg Market Size, Share, Trend, Forecast, & Industry Analysis: 202 See more...

    Impact of COVID-19 on High Temperature Prepreg Market

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

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    Impact of COVID-19 on High Temperature Prepreg Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy 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.

    Market Insights

    High-temperature prepregs are used for composite structures that are specifically designed for hostile temperature applications. Majorly used high-temperature prepregs are based on BMI, cyanate ester, and polyimide resin systems, which find extensive applications in the aerospace & defense, and transportation industries. The aerospace and defense industry accounts for a ginormous share of the market and any change in the industry is likely to cause similar ramifications on the high-temperature prepreg market.

    Post B737max crisis in 2019, the aerospace industry, the prime demand-generator of HT prepregs, has been hard hit by the pandemic in 2020 with slumping orders from airlines, plummeting RPKs, and productions halt, among other things. The grave reverberations are also likely to be reflected in the demand for high-temperature prepregs in 2020 with a possible decline of over 20% in 2020.

    In terms of value, high-temperature prepreg currently accounts for over 5% of the total prepreg market, valued at US$ 0.2 Billion in 2020. Nevertheless, the long-term scenario still seems optimistic with both the aerospace & defense and transportation industries healing gradually, rejuvenating the high-temperature prepreg demand. The market is expected to expand at a healthy CAGR of 4.4% during 2021-2026, reaching a value of US$ 0.3 Billion by 2026.

    In aerospace & defense, high-temperature prepregs are mainly used in primary and secondary structures where they can operate at temperatures reaching 350°C or above. Increasing penetration of composites in the aerospace & defense and automotive industries is chiefly driving the demand for high-temperature prepregs. Additionally, rising demand for fast-curing prepregs for mass-produced vehicles and longer wind blades, and superior performance of high-temperature prepregs further substantiate the ceaseless demand for high-temperature prepregs in the coming five years.

    Also, the aircraft industry’s gradual shift towards the usage of a hotter aircraft engine in order to increase the propulsion rate and engine performance is creating a dire need for high-temperature prepregs in various aero-engine applications. Hot air engine duct is one such example, where high-temperature prepregs are gaining a considerable share. Analogously, the automotive industry is witnessing a similar trend. Engines are getting hotter and the under-the-hood space is getting squeezed in order to make the vehicle more compact. High-temperature prepregs are expected to play a vital role in the automotive industry as well to meet the increasing requirements from various automotive OEMs and tier players.

    Segments' Analysis

    High-Temperature-Prepreg-Market-Dominant-Segments

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    High-Temperature Prepreg Market by Resin Type

    Based on the resin type, we have segmented the market as BMI prepreg, cyanate ester prepreg, polyimide prepreg, thermoplastic prepregs, and other prepregs. BMI prepreg and polyimide prepreg are likely to capture a ginormous share of the market through 2026. They are also likely to act as the growth engines of the market in the foreseen future. BMI resins are extensively used in tooling prepreg applications. Furthermore, they are also gaining traction in military aircraft and commercial aircraft applications, such as engine, airframe, nacelle, thrust reverser, and duct applications. Composite parts fabricated using polyimide prepreg exhibit extremely high dimensional stability at elevated temperatures and can withstand continuous use up to 315°C (600°F) and intermittent use up to 480°C (900°F).

    High-Temperature Prepreg Market by End-Use Industry Type

    Based on the end-use industry type, the market has been segmented as aerospace & defense, transportation, and others. The aerospace & defense industry is accounting for an astronomical share in the market and is also likely to heal up from the pandemic’s impact at the highest rate. Despite the transient dent in the production rates of F-35, high-temperature composite-rich fighter aircraft, the aircraft is likely to be the thrust-bearer of the segment’s high-temperature prepreg demand in the long-term. Lockheed Martin’s F-35 is the best-selling 5th generation fighter aircraft, which incorporates high-temperature composite prepregs substantially. About 35% of the F-35 aircraft’s structural weight is composites, about 50% of which incorporates high-temperature prepregs. Lockheed Martin is estimating to manufacture about 120 aircraft in 2020 against its early projection of 141 aircraft.

    High-Temperature Prepreg Market by Curing Type

    Based on the curing type, Stratview Research has segmented the market as autoclave curing, out-of-autoclave curing, and others. Autoclave curing is projected to maintain its dominance in the market over the next five years. Aircraft's primary structures, such as wings, fuselages, and empennage components, are mostly fabricated by using composite materials and cured through an autoclave process. The high pressure of autoclave ensures good mechanical properties and helps reduce void content. However, the aerospace industry is experiencing a gradual shift from autoclave curing to out-of-autoclave curing as it eliminates the need for expensive equipment and has no size-restraint.

    Regional Insights

    All regions are likely to endure massive downturns in 2020 due to the pandemic with Asia-Pacific expecting bouncing back with the fastest pace. Despite the excellent growth of Asia-Pacific, North America is projected to remain the largest market during the forecast period, driven by the presence of leading aircraft OEMs, aeroengine manufacturers, tier players, prepreg manufacturers, and raw material suppliers. The USA is the growth engine of the region’s market. Lockheed Martin has opened a new manufacturing facility to produce its high-temperature composite rich F-35 aircraft in Pinellas Park, Florida, the USA, to satisfy customer demands. There is a total un-filled order of more than 2,691 F-35 aircraft from 12 countries out of which the USA’s inventory objective is 2,456 F-35 aircraft.

    High-Temperature-Prepreg-Market-By-Region

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    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$ 0.3 Billion

    Countries/Subregions Covered

    The USA, Canada, Mexico, France, Germany, France, the UK, Spain, Russia, Japan, China, India, Latin America, the Middle East and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

                                                                                                              

    The high-temperature prepreg market is segmented into the following categories.

    High-Temperature Prepreg Market Size Share & Forecast, by Resin Type

    • BMI Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cyanate Ester Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyimide Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermoplastic Prepregs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Prepregs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

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

    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Industries (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    High-Temperature Prepreg Market Size Share & Forecast, by Form Type

    • Fabric Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Unidirectional Prepreg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    High-Temperature Prepreg Market Size Share & Forecast, by Curing Type

    • Autoclave (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Out of Autoclave (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    High-Temperature Prepreg Market Size Share & Forecast, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Spain, Russia, 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)