The global carbon fiber prepreg market
size was $6.4 billion in 2018 and it is projected to
grow at a profitable CAGR of 8.96% during the forecast period 2019 to 2025.
This market growth is attributed to the amplified demand for carbon fiber
prepreg from the rising commercial aircraft production and emerging electric
vehicle market. The most common prepregs are manufactured using glass fiber,
carbon fiber, and aramid fibers and these are based on the epoxy resins and
vinyl ester. The heavy demand for strengthened carbon fiber prepreg is being
witnessed from all over the globe due to its varied application in the
automotive, aerospace & defense, construction, and consumer electronics
Europe: Major Market Demands
The European region was concluded as the most profitable region with the carbon fiber prepreg market share of 33% in global revenues during 2018. The massive market share is resonated owing to the large presence of aircraft manufacturers, vast offshore renewable energy infrastructure, and electric car manufacturers. The APAC region closely follows the multiplying market demands in the European region. Foreseeing the consistently growing demands for electric mobility and renewable energy, the opportunities in the carbon fiber prepreg market in the APAC region are also projected to grow. Moreover, the opportunities in the carbon fiber prepreg market are supported by government policies that endorse the integration of electric vehicles and renewable energy.
Aerospace & Defense Application in the Carbon Fiber Prepreg Market
Carbon fiber prepreg is used in several
end-user industries such as automotive, renewable, and construction industry.
However, the utility of carbon fiber prepreg in the aerospace & defense
sector is observed as the key application in the global carbon fiber prepreg
market and the demands in the same are expected to flourish at a CAGR of 7.56%
during the forecast period. This element possesses demand in the aerospace
& defense industry owing to its features such as resistance to heat,
resistance to corrosion, resistance to moisture, high strength-to-weight ratio,
robust durability, and less maintenance. The volume of air passengers is
growing at a significant pace today, the global air passenger volume is
expected to reach $8.2 billion by 2037. This implicates the increased prospects
for the production of commercial aircraft which will further induce demands in
the global carbon fiber prepreg market.
Carbon Fiber Prepreg Market Competitive Landscape
The companies influencing the carbon fiber prepreg market are SGL Group, Gurit Holdings AG, Park Electrochemical Corporation, Toray Industries, Teijin Limited, Royal TenCate N.V. , Hexcel Corporation, Solvay, Mitsubishi Rayon Co. Ltd., Axiom Materials.
Talk to one of our sales representative about the full report by providing your details in the link below:
a) Photoelectric Sensors Market
b) Pre-preg Market
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
To request for a quote, provide your details in the below link:
Mr. Venkat Reddy
Email: [email protected]
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.