Prepreg Carbon Fiber Market Scope
The global Prepreg Carbon Fiber market is expected to witness high demand due to innovations in technology leading to advanced levels of product offerings. Carbon fiber prepreg is a pre-impregnated carbon composite fiber that does not require any addition of resins before their usage as they are already equipped with the appropriate resin/curing agent in their structure in the form of the polymer matrix. With the growing automotive industry and the increasing need for materials that will help to save fuel consumption, the market for carbon prepreg is expected to continue to increase during the forecast period. Automotive manufacturers, such as BMW, Mercedes-Benz, McLaren, Chevrolet, and Lamborghini have committed themselves to increase the usage of carbon fiber, such as CFRP components in their vehicles, as they contribute to the reduction in weight.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Prepreg Carbon Fiber market is expected to see growth rate of 10.1%
The carbon prepreg market is partially consolidated among the leading players, with the top-five players accounting for the market share. Major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Prepreg Carbon Fiber market throughout the predicted period.
SGL Group (Germany), Gurit Holdings AG (Switzerland), Mitsubishi Rayon Co. Ltd. (Japan), Axiom Materials (United States), Toray Industries (Japan), Teijin Limited (Japan), Royal TenCate N.V. (The Netherlands), Hexcel Corporation (United States), Solvay (Belgium) and Park Electrochemical Corporation (United States) are some of the key players profiled in the study.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Prepreg Carbon Fiber market by Type, Application and Region.
On the basis of geography, the market of Prepreg Carbon Fiber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 24th September 2019, Toray Industries will display the latest in composites innovation at the upcoming CAMX 2019 Conference and Tradeshow in Anaheim, California. the largest advanced materials event in North America. Toray Advanced Composites, Toray Composite Materials America, and Toray Performance Materials Corporation will be exhibiting together for the first time at this event.
On 2nd August 2019, Teijin Limited announced has completed the acquisition of all the shares of Renegade Materials Corporation (Renegade), a leading North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry. The acquisition was completed on August 1, Eastern Standard Time. and On 18th April 2019, Toray Industries, Inc. has announced that it developed an innovative prepreg for primary structural components of aircraft that enables high-grade carbon fiber reinforced plastic molding with excellent mechanical characteristics without using an autoclave.
Market Trend
- Increasing Demand form Wind Energy Service
- Rising Usage in Commercial Aircrafts Production
Market Drivers
- Escalating Demand from Aerospace & Defense Industry
- High Demand for Preferred Material for CFRP Components
Opportunities
- Development of Advanced Software Tools for Carbon Fiber Prepreg Product Development
Restraints
- The Increasing Concern Regarding Storage Temperature Restrictions
- Autoclave and Maintenance Constraint
Challenges
- The Growing Concern Regarding High Research and Development Cost
Key Target Audience
Prepreg Carbon Fiber Manufactures, Prepreg Carbon Fiber Suppliers, Prepreg Carbon Fiber Distributors, Government Regulatory Bodies, Private Regulatory Bodies, Government Regulatory Bodies and Others
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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