The Global Market for Prepreg (Pre-impregnated Composite Fibers) is Projected to Reach 489.3 Thousand Metric Tons by 2024
Focus on High Quality Surface
Finishes in the Manufacturing Industry Drives Demand for Prepregs, According to
a New Report by Global Industry Analysts, Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size and demand forecasts on the global Prepreg (Pre-impregnated
Composite Fibers) market. The global market for Prepreg
(Pre-impregnated Composite Fibers) is projected to reach 489.3 thousand metric
tons by 2024,
driven by the growing focus on achieving part uniformity, consistent quality
and superior surface finishes in product manufacturing.
Prepregs,
or preimpregnated composites materials that refer to reinforcement fabrics
impregnated with a resin system prior to fabrication into parts and components,
are gaining widespread acceptance in the global composite industry owing properties
such as easy handling, consistency as well as superior quality surface
finishing. From their early applications in the high performance aerospace
industry, prepregs are today used in a wider spectrum of industries including
automotive, sporting goods, high temperature components,
electronic-transmission systems, A/C ducting and in high impact surfaces, among
others. Aerospace and aviation,
construction and building, defense and recreation represent some of the largest
markets for prepregs. Growing environmental regulations are driving the need
for reducing weight of automobiles and aircraft to improve fuel efficiency. The
scenario is leading to the replacement of aluminum and steel with composites. With
benefits such as high resistance to corrosion, high specific stiffness and
strength, consistency in quality, quicker manufacturing and longer shelf life,
demand for prepreg materials continues to rise.
Technological
advances which address existing hurdles will help open up new opportunities in
applications and performance. Innovations that enable reduction in curing time
and lower cost of prepreg materials will drive adoption across a range of new
and emerging applications. Out-of-autoclave processes matching the quality and
performance of autoclave-generated products will grow in popularity. Faster
cycle times, low cost, lower wastages, lower capital and labor requirements, and
high energy efficiency represent key benefits driving the commercial viability
of out-of-autoclave (OoA) prepreg materials and methods. New techniques such as
PCM (prepreg compression
molding)
and Vacuum-Bag-Only are finding increasing applications particularly in
aviation and automotive sectors. New innovative products emerging on the
market, with enhanced functionality, versatility and appearance are addressing
the changing needs of end-use markets and driving market growth.
As
stated by the new market research report on Prepreg (Pre-impregnated
Composite Fibers), Europe represents the largest market worldwide supported by huge
demand from aerospace, military/defense, and commercial sectors. Asia-Pacific ranks
as the fastest growing market with a CAGR of 12.8% through the analysis period,
led by growing automobile production, increased applications in general
engineering and strong demand for structural prepregs for renewable energy structures
against the backdrop of growing government investments in ensuring energy sustainability
and security.
Major
players in the market include APCM LLC, Axiom Materials Inc., Cytec Solvay
Group, Gurit Holding AG, Hexcel Corporation, Holding Company Composite, Isola
Group, Koninklijke Ten Cate bv, Mitsubishi Chemical Corporation, SGL Group –
The Carbon Company, Taiwan First Li-Bond Co. Ltd., Toray Industries Inc., and
Zoltek Companies 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 global companies. The report provides market
estimates and projections for Prepreg (Pre-impregnated Composite Fibers) in
terms of metric tons and US$ for all major geographic markets such as the US,
Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of
Europe) Asia-Pacific (China, India and Rest of Asia-Pacific), The Middle East
& Africa, Latin America (Brazil, Mexico and Rest of Latin America). Key
end-use markets analyzed in the report in volume terms include Industrial,
Aerospace and Recreation.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA,
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