The global carbon prepreg market size is estimated to expand at a high CAGR during the forecast period, 2021–2028. 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 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.
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 |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
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 |
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.
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
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).
The global carbon prepreg market has been segmented on the basis of
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.
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