What is Prepreg Glass Fiber Market?
Prepreg Glass Fiber is a reinforce fabric in which thermoplastic resin is available already. Such materials exhibits features such as maximum strength properties, part uniformity and repeatability. Also, they have less curing time and have better cosmetics. Rising use of prepreg glass fiber across end-user industries such as in aviation and in wind-energy is supplementing the demand and thereby attributing to the market growth.
The market study is being classified by Type (Thermoset, Thermoplastic and Others) and major geographies with country level break-up.
Toho Tenax Co., Ltd (Japan), Mitsubishi Rayon Co ., Ltd. (Japan), Toray Industries, Inc. (Japan), Park Electrochemical Corp (United States) and Hexcel Corporation (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Owens Corning (United States), SAERTEX GmbH & Co. KG (Germany), Jushi Group Co., Ltd (China), PPG Industries Inc. (United States), Johns Manville (United States), Saint-Gobain Adfors (France) and Ahlstrom Oyj (Finland).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Prepreg Glass Fiber market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Prepreg Glass Fiber market by Type, Application and Region.
On the basis of geography, the market of Prepreg Glass 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand for Lightweight Materials in Automotive Industry
- Growing Demand of Prepreg Glass Fiber in Wind Industry
Market Trend
- Rising Use of Prepreg by Airbus and Boeing
- Use of Prepreg Glass Fiber in Electronic Sectors
Restraints
- Difficulties Associated in Recyclability of Materials
- High Cost Involved in Manufacturing and Processing
Opportunities
- Cost Reduction in Carbon Fiber Materials
- Development of Advancement Tools for Prepreg Glass Fiber
Challenges
- High Cost of Research and Development
- Low Shelf-life of Prepreg Glass Fiber Materials
Key Target Audience
Prepreg Glass Fiber Manufacturers, Raw Materials Suppliers/Distributors, Potential Investors, Government Agencies, Market and Research Firms and Others