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Carbon Prepreg Market Size, Share & Growth | Forecast 2031
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Carbon Prepreg Market Size, Share & Growth | Forecast 2031

Segments - Carbon Prepreg Market by End-user Industries (Automotive, Leisure, Aerospace & Defense, Energy, Electronics, and Others), Resin Types (Thermoset and Thermoplastic), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 231

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-2717 | 4.2 Rating | 84 Reviews | 204 Pages | Format : PDF Excel PPT

Report Description


Carbon Prepreg Market Outlook 2031

The global carbon prepreg market size was USD 8.10 Billion in 2022 and is estimated to reach USD 21.06 Billion by 2031 expand at a high CAGR 11.2% during the forecast period, 2023–2031. The growth of the market is attributed to focus on renewable energy sources and an increasing demand for CFRP components.

The carbon prepreg business is projected to grow in response to the growing demand for fuel-efficient cars. Moreover, high particular stiffness, specific strength, increased corrosion resistance, and fast production are driving the carbon prepreg market.

Carbon Prepreg Market Market Outlook

Carbon prepreg is ideal for a wide range of industrial applications such as manufacture of plane components, car parts, sporting products, and windmill blades. Similarly, carbon prepreg have been utilized by the Formula 1 and motorsport markets.

Carbon composite materials are becoming increasingly important in aircraft. Furthermore, because of their great strength, stability, and durability these composite materials are increasingly being employed in military vehicles.

The Covid-19 pandemic affected the demand and supply of global carbon prepreg market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Another reason boosting the global carbon prepregs market is the increasing usage of carbon fiber prepreg technology by various electric vehicle manufacturers to improve vehicle aerodynamic performance through considerable weight reduction.

  • Growing demand for carbon prepreg in various end-user sectors due to its several benefits is projected to drive the market during the forecast period.
  • Rapid growth of the automotive and aerospace industry is key factors boosting the market.
  • Rising need for lightweight and durable athletic items such as bicycles, skis, hockey sticks, tennis rackets, and golf shafts  in the sports business are projected to propel the market.
  • High cost of production is expected to hamper the market expansion.
  • Maintaining the shelf life of carbon prepreg act as major factors that can restrict the market during the forecast period.

Scope of The Carbon Prepreg Market Report

The report on the global carbon prepreg market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Carbon Prepreg Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

End-User Industries (Automotive, Leisure, Aerospace & Defense, Energy, Electronics, and Other), Resin Types (Thermoset and Thermoplastic)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

TORAY INDUSTRIES INC.; TEIJIN LIMITED; Hexcel Corporation; Solvay

Carbon Prepreg Market Segment Insights

The aerospace & defense segment is projected to account for a major market share

Based on end-user industries, the carbon prepreg market is segmented into automotive, leisure, aerospace & defense, energy, electronics, and others. The aerospace & defense segment is expected to represent a key share of the market during the forecast period due to considerable weight reductions and cost advantages when compared to traditional aerospace materials like aluminum.

Carbon prepregs are often used as raw materials in aerospace composites, with autoclave molding being a prominent manufacturing method. Furthermore, because of their great strength, stability, and endurance, these composite materials are increasingly being employed in military vehicles.

Carbon Prepreg Market Market End User Industries

The thermoplastic segment is expected to grow at a robust pace

In terms of resin types, the carbon prepreg market is bifurcated into thermoset and thermoplastic. The thermoplastic segment is expected to represent a key share of the market in the coming years owing to strong and can adapt to wide applications and ample resistant to chemicals and acids

Carbon Prepreg Market Market Resin Types

Europe is expected to dominate the market

On the basis of regions, the carbon prepreg market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is anticipated to dominate the market during the forecast period. The regional market growth can be attributed the country hosts many production bases for aircraft interior components and MRO (maintenance, repair, and overhaul).

Carbon Prepreg Market Market

Segments

The global carbon prepreg market has been segmented on the basis of

End-User Industries

  • Automotive
  • Leisure
  • Aerospace & Defense
  • Energy
  • Electronics
  • Other

Resin Types

  • Thermoset
  • Thermoplastic

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the carbon prepreg market include TORAY INDUSTRIES INC.; TEIJIN LIMITED; Hexcel Corporation; Solvay.

In March 2019, Renegade Materials Corp acquired was by Teijin Carbon Europe GmbH to expand its carbon prepreg business in aerospace industry.

In September 2017, Hexcel Corporation has introduced two new carbon prepregs for industrial applications: Hexply M77HF epoxy prepreg and HexTow IM5 carbon fibre.

Carbon Prepreg Market Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Carbon Prepreg Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Carbon Prepreg Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Carbon Prepreg Market - Supply Chain
  4.5. Global Carbon Prepreg Market Forecast
     4.5.1. Carbon Prepreg Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Carbon Prepreg Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Carbon Prepreg Market Absolute $ Opportunity
5. Global Carbon Prepreg Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Carbon Prepreg Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Carbon Prepreg Demand Share Forecast, 2019-2026
6. North America Carbon Prepreg Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Carbon Prepreg Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Carbon Prepreg Demand Share Forecast, 2019-2026
7. Latin America Carbon Prepreg Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Carbon Prepreg Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Carbon Prepreg Demand Share Forecast, 2019-2026
8. Europe Carbon Prepreg Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Carbon Prepreg Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Carbon Prepreg Demand Share Forecast, 2019-2026
9. Asia Pacific Carbon Prepreg Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Carbon Prepreg Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Carbon Prepreg Demand Share Forecast, 2019-2026
10. Middle East & Africa Carbon Prepreg Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Carbon Prepreg Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Carbon Prepreg Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Carbon Prepreg Market: Market Share Analysis
  11.2. Carbon Prepreg Distributors and Customers
  11.3. Carbon Prepreg Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Methodology

Our Clients

General Electric
Microsoft
Dassault Aviation
Nestle SA
Honda Motor Co. Ltd.
The John Holland Group
Deloitte
FedEx Logistics