Stratview Research announces the addition of a new market research report on Global Non-Woven Prepreg Market by Fiber Type (Glass Prepreg, Carbon Prepreg, and Others), by End Use Industry Type (Aerospace & Defense, Wind Energy, Automotive, Electrical and Electronics, Marine, and Others), by Sales Channel (Direct Sales and Distributors), by Region (NA, Europe, APAC, ROW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021.
This market report from Stratview Research studies the global non-woven prepreg market over the period 2010 to 2021. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Non-Woven Prepreg Market: Highlights
Stratview Research foresees a robust growth opportunity of 9.2% CAGR in the global non-woven prepreg market over the next five years (2016 – 2021), which offers an opportunity to the composites industry players to align themselves with the market growth. Increasing installations of large MW wind turbines, increasing use of composites in aerospace & defense and automotive industries, and recovering boat sales are some of the major growth drivers of the non-woven prepreg market.
Wind energy market is expected to remain the largest consumer of non-woven prepreg during the forecast period, driven by increasing wind energy installations worldwide. Whereas, automotive industry is expected to experience the fastest growth in the next five years driven by increasing use of composites in mass produced vehicles to reduce an overall vehicle weight and increase fuel efficiency. Auto OEMs are heavily working on lightweight materials including non-woven prepreg to meet the targets set by regulations. This is pushing the demand of non-woven prepreg in the global automotive industry.
Glass fiber based non-woven prepreg is expected to remain the largest fiber type in the global non-woven prepreg market during the forecast period, driven by wind energy and automotive industries. Carbon fiber based non-woven prepreg is expected to witness the fastest growth in the next five years. Increasing use of carbon fiber based non-woven prepreg in longer blades by major players, such as Vestas and Gamesa, increasing use of carbon composites in the structural applications in aerospace and defense aircraft and automotive industries will provide the significant growth momentum.
Asia-Pacific is expected to remain the largest non-woven prepreg market during the forecast period. The region is also likely to grow at the fastest rate in the next five years. The largest market for wind turbine installations, the largest automotive producers, the largest electrical and electronic components manufacturing region, and the fastest growing aerospace industry are the major growth drivers of the region.
The key non-woven textile manufacturers are Owens Corning, Seartex, PPG Fiberglass, Jushi, CPIC and Taishan Fiberglass and the key OEMs are Vestas, Gamesa, GE Energy, Airbus, Boeing, General Motors, and Ford. The key non-woven prepreg manufacturers are Hexcel Corporation, Toray Industries, Gurit Holding AG, SGL Carbon, and Mitsubishi Rayon Carbon.
New application development, strategic alliances, and long term contracts are the key strategies adopted by major players to gain competitive edge in the market.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
Avail free customization options which are listed in the link given below along with the detailed Table of Contents and Report Description.
Free customization options for market research report on global non-woven prepreg market.
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