The new report by Expert Market Research titled, ‘Global Carbon Prepreg Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global carbon prepreg market, assessing the market based on its segments like resin, end-use industry, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.
Carbon Prepreg Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 7.8 Billion
• Forecast CAGR (2023-2028): 9.3%
• Forecast Market Size (2028): USD 13.3 billion
The aerospace and defence industry is one of the significant markets for carbon prepreg. In the aerospace industry, carbon prepregs are used in civil aircraft, military jets, helicopters, aero-engines, and space satellites. In industries like aerospace, weight reduction is a major work area, and this is fulfilled by using prepregs that are lightweight, durable, and strong.
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Along with this, several other advantageous properties of carbon prepregs like high strength-to-weight ratio, rapid production time, and resistance to corrosion and abrasion are driving its usage across several end-use industries. In addition to this, the increasing demand for lightweight vehicles is also fueling the growth of the carbon prepreg market.
Carbon Prepreg Industry Definition and Major Segments
Carbon prepreg is a material which is obtained by pre-impregnating carbon with resins, which is then followed by curing. Epoxy is the majorly used resin system.
Based on the resin type, the market has been segregated as:
Depending on the end-use industry, the market is segmented as:
• Aerospace and Defence
For the regional analysis, the global carbon prepreg market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Carbon Prepreg Market Trends
The market is witnessing investments and new product launches on the part of market players. In 2022, Solvay SA expanded its SolvaLite® portfolio with SolvaLite® 714 Prepregs, unidirectional carbon fibre and woven-fabric products that are pre-impregnated with SolvaLite® 714 epoxy resin.
The new product offers fast-cure cycles and has been specially tailored for the manufacturing of automotive components like body panels. In 2021, Toray Composite Materials America, Inc., launched Toray 2700, a flexible and highly adaptive prepreg system. The use of Toray 2700 in the aerospace industry enables the manufacturing of high-quality and cost-effective composite parts.
Key Market Players
The major players in the asia pacific silica sand market report are:
- ACP Composites, Inc
- Hexcel Corporation
- Lingol Corporation
- SGL Carbon SE
- Solvay S.A.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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