Glass Prepreg Market by Resin Type (Thermosetting and Thermoplastic), End-user Industry (Aerospace and Defense, Automotive, Wind Turbine, Sports and Leisure, Other End-user Industries), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The glass prepreg market size is expected to expand at a significant CAGR of than 7% during the forecast period, 2021–2028. Growth of the market is attributed to increasing demand for airplanes in the Asia Pacific region.
The glass prepreg is nothing more than a braided sheet of glass fiber with resins. It is weaved with glass fibers and rolled into sheets, much like a fabric. They are commonly utilized to make components lighter, and employed when great tensile strength is required. Glass prepregs have a wide range of possible applications, including usage in aviation, automotive, sporting goods, recreational equipment, electrical and electronics, insulation, piping, shipping, and other sectors.
Market Trends, Drivers, Restraints, and Opportunities
- Growing use of glass prepreg as an asbestos replacement is estimated to fuel the market during the forecast period.
- High demand from the automotive industry is a key factor propelling the market.
- Fear of carcinogenic effect is expected to hamper the market growth.
- Lack of awareness act as major challenge that can restrict the market growth during the forecast period.
- Widespread use in consumer products is anticipated to offer lucrative opportunities for the market players.
Scope of the Report
The report on the glass 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 |
Details |
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Report Title |
Glass Prepreg Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Resin Type (Thermosetting and Thermoplastic), End-user Industry (Aerospace and Defense, Automotive, Wind Turbine, Sports and Leisure, Other End-user Industries) |
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Geographical Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
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 |
Plastic Reinforcement Fabrics, SGL Carbon, TEIJIN LIMITED, Solvay, and Hexcel Corporation. |
Market Segment Insights
The thermosetting segment is anticipated to grow at rapid pace
On the basis of resin type, the glass prepreg market is bifurcated into thermosetting and thermoplastics. The thermosetting segment is estimated to represent a key share of the market during the forecast period. A thermosetting polymer, often known as a thermoset, is a polymer made by permanently hardening (curing) a soft solid or viscous liquid prepolymer (resin). Heat is typically created through the interaction of the resin with a curing agent rather than being applied externally. Due to the three-dimensional network of bonds (crosslinking), thermosetting plastics are generally stronger than thermoplastic materials. They are also better suited to high-temperature applications up to the decomposition temperature because strong covalent bonds between polymer chains cannot be easily broken.
The aerospace and defense segment is projected hold a large market share
On the basis of end users, the glass prepreg market is divided into aerospace and defense, automotive, wind turbine, sports and leisure, other end-user industries. The aerospace and defense segment is expected to represent a key share of the market during the forecast period. Rising demand for airplanes across Asia-Pacific and the Middle East and Africa area is boosting the demand for glass prepreg in the aerospace and military industry.
To fulfil the worldwide demand for air travel, major aerospace firms such as Boeing have begun to construct plants in Asian nations such as China. As a result of the aforementioned factors, the aerospace and defense industry is expected to dominate the worldwide glass prepreg market during the forecast period.
Asia-Pacific is expected to dominate the market
On the basis of geography, the glass prepreg market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia-Pacific is anticipated to dominate the market during the forecast period Due to rising demand from nations such as China, India, and Japan.
China is home to the major hub of automobile industry. There are also significant aerospace and defense sectors, as well as renewable energy industries. In addition, glass prepreg is in high demand in Southeast Asian countries for applications in aerospace, automotive, and other sectors. Reduction in automobile manufacturing in nations such as China, India, and Indonesia is expected to limit market growth during the forecast period.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Glass 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. Glass Prepreg Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Glass Prepreg Market - Supply Chain
4.5. Global Glass Prepreg Market Forecast
4.5.1. Glass Prepreg Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Glass Prepreg Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Glass Prepreg Market Absolute $ Opportunity
5. Global Glass Prepreg Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Glass Prepreg Market Size and Volume Forecast by End Users
5.3.1. Aerospace and Defense
5.3.2. Automotive
5.3.3. Wind Turbine
5.3.4. Sports and Leisure
5.3.5. Other End-user Industries
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Glass Prepreg Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Glass Prepreg Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Glass Prepreg Demand Share Forecast, 2019-2026
7. North America Glass 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
7.2. North America Glass Prepreg Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Glass Prepreg Market Size and Volume Forecast by End Users
7.4.1. Aerospace and Defense
7.4.2. Automotive
7.4.3. Wind Turbine
7.4.4. Sports and Leisure
7.4.5. Other End-user Industries
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Glass Prepreg Demand Share Forecast, 2019-2026
8. Latin America Glass 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. Latin America Average Pricing Analysis
8.2. Latin America Glass Prepreg Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Glass Prepreg Market Size and Volume Forecast by End Users
8.4.1. Aerospace and Defense
8.4.2. Automotive
8.4.3. Wind Turbine
8.4.4. Sports and Leisure
8.4.5. Other End-user Industries
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Glass Prepreg Demand Share Forecast, 2019-2026
9. Europe Glass 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. Europe Average Pricing Analysis
9.2. Europe Glass Prepreg Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Glass Prepreg Market Size and Volume Forecast by End Users
9.4.1. Aerospace and Defense
9.4.2. Automotive
9.4.3. Wind Turbine
9.4.4. Sports and Leisure
9.4.5. Other End-user Industries
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Glass Prepreg Demand Share Forecast, 2019-2026
10. Asia Pacific Glass 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Glass Prepreg Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Glass Prepreg Market Size and Volume Forecast by End Users
10.4.1. Aerospace and Defense
10.4.2. Automotive
10.4.3. Wind Turbine
10.4.4. Sports and Leisure
10.4.5. Other End-user Industries
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Glass Prepreg Demand Share Forecast, 2019-2026
11. Middle East & Africa Glass Prepreg Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Glass Prepreg Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Glass Prepreg Market Size and Volume Forecast by End Users
11.4.1. Aerospace and Defense
11.4.2. Automotive
11.4.3. Wind Turbine
11.4.4. Sports and Leisure
11.4.5. Other End-user Industries
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Glass Prepreg Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Glass Prepreg Market: Market Share Analysis
12.2. Glass Prepreg Distributors and Customers
12.3. Glass Prepreg Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Plastic Reinforcement Fabrics
12.4.2. SGL Carbon
12.4.3. TEIJIN LIMITED
12.4.4. Solvay
12.4.5. Hexcel Corporation
Segments Covered in the Report
The glass prepreg market has been segmented on the basis of
Resin Type
- Thermosetting
- Thermoplastic
End-user Industry
- Aerospace and Defense
- Automotive
- Wind Turbine
- Sports and Leisure
- Other End-user Industries
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Plastic Reinforcement Fabrics
- SGL Carbon
- TEIJIN LIMITED
- Solvay
- Hexcel Corporation
Key players competing in the glass prepreg market include Plastic Reinforcement Fabrics, SGL Carbon, TEIJIN LIMITED, Solvay, and Hexcel Corporation.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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