The global aramid prepreg market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand for better security and safety in aerospace and automotive industries.
Aramid is a synthetic polymer that contains numerous large phenyl rings, which are linked together by amide groups. Amide groups (CO-NH) structure solid bonds that are resilient to heat and solvent. Phenyl rings are massive six-sided group of hydrogen and carbon particles that inhibit polymer chains from twisting and rotating around their chemicals bonds. Aramids are straight, rigid, high-melting, and generally insoluble particles that are known for turning into high-performance fibers.
The most commonly used aramids are Kevlar and Nomex. The former provides high-strength fiber, which is use to make bulletproof vests, and the latter ones has high-melting fiber, which is use to make flame-proof protective clothing.
Prepreg is a combination material produced using pre-impregnated fibers and cures polymer matrix, such as phenolic resin and epoxy, or even thermoplastics blended in with fluid resins and rubber. The fibers frequently appear as a weave and the matrix is utilized to bond them together and to different parts during manufacturing of products.
B-Stage prepreg is constantly put in cooled regions as heat speeds up complete polymerization. Thus, prepreg composite designs require an oven or autoclave to fix it. The principle thought behind a prepreg material is the utilization of anisotropic mechanical properties along the fibers, while the polymer matrix provides filling properties, keeping the filaments in a solitary system.
Market Trends, Drivers, Restraints, and Opportunities
- The flourishing automotive and aerospace industry is anticipated to spur the growth of the market.
- increasing demand for protective suits and fire-resistant clothing is estimated to propel the market growth
- High cost for investment in research and development and cost of production are key factors that can hamper the growth of the market.
- High cost and presence of alternative materials can create challenges for the market growth.
- Substitution of asbestos with aramid prepreg can create lucrative opportunities for the market growth.
Scope of the Report
The report on the global aramid prepreg market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Aramid Prepreg Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Meta-aramid and Para-aramid) and End-users (Aerospace & Defense, Electrical & Electronics, Automotive, Sports & Leisure, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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ACP Composites, Inc.; Hexcel Corporation; DuPont; Mitsubishi Chemical Carbon Fiber and Composites, Inc.; and Toray Industries, Inc.
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Aramid Prepreg Market Segment Insights
Para-aramid segment is anticipated to constitute a key market share
In terms of types, the market is bifurcated into meta-aramid and para-aramid. The para-aramid segment is expected to constitute a key share of the market during the forecast period due to high elasticity and firmness modulus, superior mixture of hardness, and sound thermal stability. The wide applications of para-aramids such as rough armors, ballistic apparel, friction parts for transmissions & brakes, cables & ropes, rubber products & hard tires, industrial gloves, and support for circuit boards are driving the segment market growth.
Automotive segment is projected to account for a significant market share
On the basis of end-users, the market is categorized as aerospace & defense, electrical & electronics, automotive, sports & leisure, and others. The automotive segment is projected to account for a significant market share during the forecast period due to its superior strength-to-weight ratio. Aramids prepreg are used in many applications such as producing diaphragms, anti-lock braking system, automotive hoses, wheel wells, and railroad car connection membranes.
Europe is expected to dominate the market
Based on regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to dominate the market in the coming years. The Europe automotive market has 41 engine manufacturing and assembly plants, which contribute more than 30% to the automobile manufacturing in the region.
Segments
Types
End-users
- Aerospace & Defense
- Electrical & Electronics
- Automotive
- Sports & Leisure
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ACP Composites, Inc.
- Hexcel Corporation
- DuPont
- Mitsubishi Chemical Carbon Fiber and Composites, Inc.
- Toray Industries, Inc.
Competitive Landscape
The market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the global aramid prepreg market are ACP Composites, Inc.; Hexcel Corporation; DuPont; Mitsubishi Chemical Carbon Fiber and Composites, Inc.; and Toray Industries, Inc.
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