Global Market for Prepreg is Projected to Reach 189 Thousand Metric Tons by 2020

Expanding End-Use Applications Drive the Global Prepreg Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Prepreg (Pre-impregnated Composite Fibers) markets. Global market for Prepreg is projected to reach 189 thousand metric tons by 2020, driven by increasing use in end-use markets such as aerospace, automotive, wind energy, defense and marine.

Prepregs, which are reinforcements saturated or impregnated with a resin system and stored prior to its fabrication, are rapidly gaining prominence as the preferred material in a wide range of commercial applications. Rising demand for materials with high performance and lightweight characteristics from sectors such as sporting goods, industrial equipment and aircraft components, is favoring adoption of prepregs. Major end-use markets for prepregs include aerospace and aviation, recreation, construction and building, and defense, among others. Despite being priced higher, faster production, lower fabrication costs, easy handling, superior surface finishing, and consistency make prepregs cost-effective in the long-run in various end-use applications, thereby driving their adoption.

Technological advances in production, which aid in extending shelf life and lowering curing temperatures of prepregs are benefiting the market. Improved manufacturing methods and reinforcements, and growing resin matrices are creating market opportunities for prepregs in new end-use sectors. Technological developments have also made prepreg machines more automated and sophisticated. The industrial sector represents the largest end-use market for prepregs in terms of volume shipments. Increasing use of composite materials, including prepregs, in industrial applications is expected to spur demand in this market. In the coming years, commercial aerospace and wind energy are forecast to drive market growth, followed by civil engineering and general aviation sectors. In the aerospace sector, increasing use of prepregs in a range of new aircraft models is expected to bode well for the market.

As stated by the new market research report on Prepreg (Pre-impregnated Composite Fibers), the United States represents the largest market worldwide. Led by India and China, Asia-Pacific ranks as the fastest growing market with a CAGR of 14.7% in value terms. Growth in the region is driven by strong manufacturing base and the trend towards outsourcing production activities to low cost Asian countries.

Major players covered in the report include Axiom Materials Inc., Cytec Industries Inc., Gurit Holding AG, Hexcel Corporation, Isola Group S.a.r.l., Koninklijke Ten Cate NV, Mitsubishi Rayon Co. Ltd., SGL Group, Toray Industries Inc., and Yokohama Aerospace America Inc., among others.

The research report titled “Prepreg (Pre-impregnated Composite Fibers): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars and metric tons for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia Pacific (China, India and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America). Key end-use markets analyzed in the report in volume terms include Industrial, Aerospace and Recreation.

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