LATIN AMERICA PREPREG MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

LATIN AMERICA PREPREG MARKET 2021-2028

Market by Resin Type, Manufacturing Process, Reinforcement Type, Applications, and Country | Forecast 2021-2028

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Triton Market Research’s report on the prepreg market in Latin America predicts this industry to rise with a CAGR of 9.10% during the forecast years between 2021 and 2028.


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The countries considered for analysis in this market include:

•           Mexico

•           Brazil

•           Rest of Latin America         

The Mexican aerospace industry is a key sector for foreign investments and employment generation in the nation. Additionally, the number of aerospace players in Mexico is rising rapidly, which can be attributed to the incentives and support programs offered by the government for international players entering the country. Aircraft component production is done on a large scale in the country. Also, an increase in R&D activities can be seen here. Thus, the aerospace industry is growing significantly, which is also influencing the demand for prepregs positively.

Mexico is also the largest automobile manufacturer in the Latin American region and the seventh-largest in the world. An increase in the demand for commercial and passenger vehicles has been witnessed over the years. The automotive industry in the country had a major impact on the Mexican economy, from 2008 to 2017, increasing the share of the total GDP by 58% and that of the manufacturing sector by 53%.

The domestic automotive industry also produced 4,068,415 vehicle units in 2017, recording a growth of 13%. Further, Chinese automaker BAIC is planning to establish a new manufacturing plant in Mexico with an investment of $2 billion. This shows that Mexico’s automobile industry is on a growth path. This is expected to influence the demand for prepregs, and, in turn, drive the industry growth.

Celanese Corporation is a specialty materials company. It is engaged in the production of high-performance engineered polymers and acetyl intermediates. The company also offers consumer and industrial specialist compounds, including cellulose derivatives, food ingredients, and emulsion & EVA polymers, respectively. Its products are used in a number of industries, including automotive, construction, paper & textiles, consumers, food & beverage, medical, and others. Celanese has a business presence in Latin America, among other regions.

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Table of Content

1. LATIN AMERICA PREPREG MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE PREPREG INDUSTRY

2.2. KEY INSIGHTS

2.2.1. EASE OF HANDLING

2.2.2. ADVANCES IN MANUFACTURING PROCESSES 

2.2.3. RISING NUMBER OF STRATEGIC DEVELOPMENTS BY MANUFACTURERS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. INDUSTRY COMPONENTS

2.7. KEY MARKET STRATEGIES

2.7.1. ACQUISITIONS

2.7.2. PRODUCT LAUNCHES

2.7.3. PARTNERSHIPS

2.7.4. BUSINESS EXPANSIONS

2.8. MARKET DRIVERS

2.8.1. DEMAND FROM THE AEROSPACE INDUSTRY

2.8.2. AUTOMOTIVE MANUFACTURERS AIMING AT REDUCING CARBON FOOTPRINTS

2.8.3. EVOLVING WIND ENERGY MARKET

2.9. MARKET CHALLENGES

2.9.1. LOW SHELF LIFE COMPARED TO CONVENTIONAL RESIN FIBERS

2.9.2. HIGH COSTS ASSOCIATED WITH PREPREGS

2.9.3. COMPLEXITIES IN MAINTENANCE, REPAIR, AND OVERHAUL (MRO) REQUIREMENTS

2.10. MARKET OPPORTUNITIES

2.10.1. GROWING INTEREST TOWARD USING LIGHTWEIGHT MATERIALS IN SPORTING GOODS

2.10.2. INCREASED DEMAND FOR CARBON FIBER PREPREGS

3. LATIN AMERICA PREPREG MARKET OUTLOOK – BY RESIN TYPE

3.1. THERMOSET

3.2. THERMOPLASTIC

4. LATIN AMERICA PREPREG MARKET OUTLOOK – BY MANUFACTURING PROCESS

4.1. HOT MELT

4.2. SOLVENT DIP

5. LATIN AMERICA PREPREG MARKET OUTLOOK – BY REINFORCEMENT TYPE

5.1. CARBON FIBER

5.2. GLASS FIBER

5.3. ARAMID FIBER

6. LATIN AMERICA PREPREG MARKET OUTLOOK – BY APPLICATIONS

6.1. AEROSPACE & DEFENCE

6.2. WIND ENERGY

6.3. AUTOMOTIVE

6.4. SPORTING GOODS

6.5. PCB & OTHER APPLICATION

7. LATIN AMERICA PREPREG MARKET – REGIONAL OUTLOOK

7.1. BRAZIL

7.2. MEXICO

7.3. REST OF LATIN AMERICA

8. COMPETITIVE LANDSCAPE

8.1. AXIOM MATERIALS

8.2. CELANESE

8.3. CYTEC SOLVAY GROUP

8.4. GURIT HOLDING AG

8.5. HEXCEL CORPORATION

8.6. MITSUBISHI RAYON CO LTD

8.7. PARK ELECTROCHEMICAL CORP

8.8. RENEGADE MATERIALS CORPORATION

8.9. ROYAL TEN CATE NV

8.10. SGL GROUP

8.11. TEIJIN LIMITED

8.12. TORAY INDUSTRIES INC

8.13. UNICARBON

8.14. VENTEC GROUP

8.15. ZYVEX LABS

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA PREPREG MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)  

TABLE 2: VENDOR SCORECARD        

TABLE 3: LIST OF ACQUISITIONS        

TABLE 4: LIST OF PRODUCT LAUNCHES     

TABLE 5: LIST OF PARTNERSHIPS & AGREEMENTS        

TABLE 6: LIST OF BUSINESS EXPANSIONS 

TABLE 7: LATIN AMERICA PREPREG MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)           

TABLE 8: LATIN AMERICA PREPREG MARKET, BY MANUFACTURING PROCESS, 2021-2028 (IN $ MILLION)        

TABLE 9: LATIN AMERICA PREPREG MARKET, BY REINFORCEMENT TYPE, 2021-2028 (IN $ MILLION)      

TABLE 10: LATIN AMERICA PREPREG MARKET, BY APPLICATIONS-USERS, 2021-2028 (IN $ MILLION)           

TABLE 11: LATIN AMERICA PREPREG MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)             

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: WORLDWIDE AUTOMOTIVE (CARS & COMMERCIAL VEHICLES) PRODUCTION, 2015-2020 (IN MILLION)   

FIGURE 3: LATIN AMERICA PREPREG MARKET, BY RESIN TYPE, 2020 & 2028 (IN %)        

FIGURE 4: LATIN AMERICA PREPREG MARKET, BY THERMOSET, 2021-2028 (IN $ MILLION)           

FIGURE 5: LATIN AMERICA PREPREG MARKET, BY THERMOPLASTIC, 2021-2028 (IN $ MILLION)      

FIGURE 6: LATIN AMERICA PREPREG MARKET, BY MANUFACTURING PROCESS, 2020 & 2028 (IN %)  

FIGURE 7: LATIN AMERICA PREPREG MARKET, BY HOT MELT, 2021-2028 (IN $ MILLION)           

FIGURE 8: SCHEMATIC OF HOT MELT PROCESS  

FIGURE 9: LATIN AMERICA PREPREG MARKET, BY SOLVENT DIP, 2021-2028 (IN $ MILLION)           

FIGURE 10: SCHEMATIC OF SOLVENT DIP PROCESS     

FIGURE 11: LATIN AMERICA PREPREG MARKET, BY REINFORCEMENT TYPE, 2020 & 2028 (IN %)

FIGURE 12: LATIN AMERICA PREPREG MARKET, BY CARBON FIBER, 2021-2028 (IN $ MILLION)      

FIGURE 13: LATIN AMERICA PREPREG MARKET, BY GLASS FIBER, 2021-2028 (IN $ MILLION)           

FIGURE 14: LATIN AMERICA PREPREG MARKET, BY ARAMID FIBER, 2021-2028 (IN $ MILLION)      

FIGURE 15: LATIN AMERICA PREPREG MARKET, BY APPLICATIONS, 2020 & 2028 (IN %)

FIGURE 16: LATIN AMERICA PREPREG MARKET, BY AEROSPACE & DEFENCE, 2021-2028 (IN $ MILLION)        

FIGURE 17: LATIN AMERICA PREPREG MARKET, BY WIND ENERGY, 2021-2028 (IN $ MILLION)      

FIGURE 18: LATIN AMERICA PREPREG MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)           

FIGURE 19: LATIN AMERICA PREPREG MARKET, BY SPORTING GOODS, 2021-2028 (IN $ MILLION)      

FIGURE 20: LATIN AMERICA PREPREG MARKET, BY PCB & OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)          

FIGURE 21: LATIN AMERICA PREPREG MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)           

FIGURE 22: BRAZIL PREPREG MARKET 2021-2028 (IN $ MILLION)       

FIGURE 23: MEXICO PREPREG MARKET 2021-2028 (IN $ MILLION)      

FIGURE 24: REST OF LATIN AMERICA PREPREG MARKET 2021-2028 (IN $ MILLION)         

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