Market by Resin Type, Manufacturing Process, Reinforcement Type, Applications, and Regional Outlook | Forecast 2021-2028
A prepreg refers to a
reinforcing fabric that has been pre-impregnated with a resin system. Prepregs
are used in high-performance applications where weight and mechanical
properties have more importance over cost. Both thermoset and thermoplastic
prepregs are lightweight and high-strength composite laminates.
As per Triton Market Research, the global prepreg market was valued at $5907.52 million in 2020, and is expected to reach $12254.15 million by 2028, growing at a CAGR of 9.19% during the forecast period.
Triton’s report on the
prepreg market provides an in-depth insight into the industry. The detailed analysis
of the market includes key insights, Porter’s five forces analysis, market
attractiveness index, vendor scorecard, key market strategies, and the impact
of COVID-19 on the prepreg industry.
With the growth of the
automotive industry, the demand for prepregs is on the rise, which is primarily
driving the market. For instance, Ford Motor Co is using prepregs and other
materials in order to produce rear suspension knuckle. Further, since the past
few years, companies have been increasingly shifting from e-glass to carbon
fiber composite materials for lightweight and fuel-efficient vehicles. Automobiles
are secluded to highly specialized applications utilizing processes with small
volume outputs. Due to advanced R&D in carbon fiber manufacturing
companies, carbon composite materials are incorporated into more diverse
structures in an automobile.
Further, one of the
major opportunities for the prepreg industry is the rising demand for carbon
fiber-reinforced plastic (CFRP). A carbon prepreg is a carbon fiber that has
been impregnated with resin. Therefore, it is a preferred material to produce
CFRP. CFRP finds application in beams, columns, slabs, walls, etc. It is
extensively used in retrofitting and repairing structurally deficient
infrastructures, such as buildings, tunnels, parking structures, and bridges. Thus,
with the increasing use of carbon fiber reinforced plastic, the demand for
carbon prepregs is also witnessing a positive trend.
On the negative side, several technical challenges faced during the manufacturing of prepregs are hampering the growth of the market. One of the biggest challenges in the manufacture of prepregs is maintaining the fiber orientations in the product. It is so because prepregs are often cut to suit the requirements and are laid out by hand.
Key geographies covered in the global prepreg market are:
• North America: United States and
Canada
• Europe: United Kingdom, France,
Germany, Spain, Italy, Russia, and Rest of Europe
• Asia-Pacific: China, Japan, India,
Australia, South Korea, ASEAN Countries, and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and
Rest of Latin America
• Middle East and Africa: Saudi Arabia,
Turkey, United Arab Emirates, South Africa, and Rest of Middle East &
Africa
The segmentation analysis of the global prepreg market
includes:
• By Resin Type:
o Thermoset
o Thermoplastic
• By Manufacturing
Process:
o Hot
Melt
o Solvent
Dip
• By Reinforcement
Type:
o Carbon
Fiber
o Glass
Fiber
o Aramid
Fiber
• By Applications:
o Aerospace
& Defense
o Wind
Energy
o Automotive
o Sporting
Goods
o PCB
& Other Applications
The key players in the prepreg market include Toray Industries Inc,
Ventec Group, Celanese, Gurit Holding AG, Cytec Solvay Group, Hexcel
Corporation, Park Electrochemical Corp, Unicarbon, Renegade Materials
Corporation, Royal Ten Cate NV, SGL Group, Mitsubishi Rayon Co Ltd, Zyvex Labs,
Axiom Materials, and Teijin Limited.
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VIEW REPORT1. GLOBAL
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. GLOBAL
PREPREG MARKET OUTLOOK – BY RESIN TYPE
3.1. THERMOSET
3.2. THERMOPLASTIC
4. GLOBAL
PREPREG MARKET OUTLOOK – BY MANUFACTURING PROCESS
4.1. HOT
MELT
4.2. SOLVENT
DIP
5. GLOBAL
PREPREG MARKET OUTLOOK – BY REINFORCEMENT TYPE
5.1. CARBON
FIBER
5.2. GLASS
FIBER
5.3. ARAMID
FIBER
6. GLOBAL
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. GLOBAL
PREPREG MARKET – REGIONAL OUTLOOK
7.1. NORTH
AMERICA
7.1.1. MARKET
BY RESIN TYPE
7.1.2. MARKET
BY MANUFACTURING PROCESS
7.1.3. MARKET
BY REINFORCEMENT TYPE
7.1.4. MARKET
BY APPLICATIONS
7.1.5. COUNTRY
ANALYSIS
7.1.5.1. UNITED
STATES
7.1.5.2. CANADA
7.2. EUROPE
7.2.1. MARKET
BY RESIN TYPE
7.2.2. MARKET
BY MANUFACTURING PROCESS
7.2.3. MARKET
BY REINFORCEMENT TYPE
7.2.4. MARKET
BY APPLICATIONS
7.2.5. COUNTRY
ANALYSIS
7.2.5.1. UNITED
KINGDOM
7.2.5.2. GERMANY
7.2.5.3. FRANCE
7.2.5.4. ITALY
7.2.5.5. SPAIN
7.2.5.6. RUSSIA
7.2.5.7. REST
OF EUROPE
7.3. ASIA-PACIFIC
7.3.1. MARKET
BY RESIN TYPE
7.3.2. MARKET
BY MANUFACTURING PROCESS
7.3.3. MARKET
BY REINFORCEMENT TYPE
7.3.4. MARKET
BY APPLICATIONS
7.3.5. COUNTRY
ANALYSIS
7.3.5.1. CHINA
7.3.5.2. JAPAN
7.3.5.3. INDIA
7.3.5.4. SOUTH
KOREA
7.3.5.5. ASEAN
COUNTRIES
7.3.5.6. AUSTRALIA
AND NEW ZEALAND
7.3.5.7. REST
OF ASIA-PACIFIC
7.4. LATIN
AMERICA
7.4.1. MARKET
BY RESIN TYPE
7.4.2. MARKET
BY MANUFACTURING PROCESS
7.4.3. MARKET
BY REINFORCEMENT TYPE
7.4.4. MARKET
BY APPLICATIONS
7.4.5. COUNTRY
ANALYSIS
7.4.5.1. BRAZIL
7.4.5.2. MEXICO
7.4.5.3. REST
OF LATIN AMERICA
7.5. MIDDLE
EAST AND AFRICA
7.5.1. MARKET
BY RESIN TYPE
7.5.2. MARKET
BY MANUFACTURING PROCESS
7.5.3. MARKET
BY REINFORCEMENT TYPE
7.5.4. MARKET
BY APPLICATIONS
7.5.5. COUNTRY
ANALYSIS
7.5.5.1. UNITED
ARAB EMIRATES
7.5.5.2. TURKEY
7.5.5.3. SAUDI
ARABIA
7.5.5.4. SOUTH
AFRICA
7.5.5.5. REST
OF MIDDLE EAST & AFRICA
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
TABLE 1: GLOBAL PREPREG
MARKET, BY GEOGRAPHY, 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: GLOBAL PREPREG
MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)
TABLE 8: GLOBAL PREPREG
MARKET, BY MANUFACTURING PROCESS, 2021-2028 (IN $ MILLION)
TABLE 9: GLOBAL PREPREG
MARKET, BY REINFORCEMENT TYPE, 2021-2028 (IN $ MILLION)
TABLE 10: GLOBAL PREPREG
MARKET, BY APPLICATIONS, 2021-2028 (IN $ MILLION)
TABLE 11: GLOBAL PREPREG
MARKET, REGIONAL OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA
PREPREG MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA
PREPREG MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA
PREPREG MARKET, BY MANUFACTURING PROCESS, 2021-2028 (IN $ MILLION)
TABLE 15: NORTH AMERICA
PREPREG MARKET, BY REINFORCEMENT TYPE, 2021-2028 (IN $ MILLION)
TABLE 16: NORTH AMERICA
PREPREG MARKET, BY APPLICATIONS, 2021-2028 (IN $ MILLION)
TABLE 17: EUROPE PREPREG
MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 18: EUROPE PREPREG
MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)
TABLE 19: EUROPE PREPREG
MARKET, BY MANUFACTURING PROCESS, 2021-2028 (IN $ MILLION)
TABLE 20: EUROPE PREPREG
MARKET, BY REINFORCEMENT TYPE, 2021-2028 (IN $ MILLION)
TABLE 21: EUROPE PREPREG
MARKET, BY APPLICATIONS, 2021-2028 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC PREPREG
MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 23: ASIA-PACIFIC PREPREG
MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)
TABLE 24: ASIA-PACIFIC PREPREG
MARKET, BY MANUFACTURING PROCESS, 2021-2028 (IN $ MILLION)
TABLE 25: ASIA-PACIFIC PREPREG
MARKET, BY REINFORCEMENT TYPE, 2021-2028 (IN $ MILLION)
TABLE 26: ASIA-PACIFIC PREPREG
MARKET, BY APPLICATIONS, 2021-2028 (IN $ MILLION)
TABLE 27: LATIN AMERICA
PREPREG MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 28: LATIN AMERICA
PREPREG MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)
TABLE 29: LATIN AMERICA
PREPREG MARKET, BY MANUFACTURING PROCESS, 2021-2028 (IN $ MILLION)
TABLE 30: LATIN AMERICA
PREPREG MARKET, BY REINFORCEMENT TYPE, 2021-2028 (IN $ MILLION)
TABLE 31: LATIN AMERICA
PREPREG MARKET, BY APPLICATIONS, 2021-2028 (IN $ MILLION)
TABLE 32: MIDDLE EAST AND
AFRICA PREPREG MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 33: MIDDLE EAST AND
AFRICA PREPREG MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)
TABLE 34: MIDDLE EAST AND
AFRICA PREPREG MARKET, BY MANUFACTURING PROCESS, 2021-2028 (IN $ MILLION)
TABLE 35: MIDDLE EAST AND
AFRICA PREPREG MARKET, BY REINFORCEMENT TYPE, 2021-2028 (IN $ MILLION)
TABLE 36: MIDDLE EAST AND
AFRICA PREPREG MARKET, BY APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: WORLDWIDE AUTOMOTIVE (CARS & COMMERCIAL VEHICLES) PRODUCTION, 2015-2020
(IN MILLION)
FIGURE
3: GLOBAL PREPREG MARKET, BY RESIN TYPE, 2020 & 2028 (IN %)
FIGURE
4: GLOBAL PREPREG MARKET, BY THERMOSET, 2021-2028 (IN $ MILLION)
FIGURE
5: GLOBAL PREPREG MARKET, BY THERMOPLASTIC, 2021-2028 (IN $ MILLION)
FIGURE
6: GLOBAL PREPREG MARKET, BY MANUFACTURING PROCESS, 2020 & 2028 (IN %)
FIGURE
7: GLOBAL PREPREG MARKET, BY HOT MELT, 2021-2028 (IN $ MILLION)
FIGURE
8: SCHEMATIC OF HOT MELT PROCESS
FIGURE
9: GLOBAL PREPREG MARKET, BY SOLVENT DIP, 2021-2028 (IN $ MILLION)
FIGURE
10: SCHEMATIC OF SOLVENT DIP PROCESS
FIGURE
11: GLOBAL PREPREG MARKET, BY REINFORCEMENT TYPE, 2020 & 2028 (IN %)
FIGURE
12: GLOBAL PREPREG MARKET, BY CARBON FIBER, 2021-2028 (IN $ MILLION)
FIGURE
13: GLOBAL PREPREG MARKET, BY GLASS FIBER, 2021-2028 (IN $ MILLION)
FIGURE
14: GLOBAL PREPREG MARKET, BY ARAMID FIBER, 2021-2028 (IN $ MILLION)
FIGURE
15: GLOBAL PREPREG MARKET, BY APPLICATIONS, 2020 & 2028 (IN %)
FIGURE
16: GLOBAL PREPREG MARKET, BY AEROSPACE & DEFENCE, 2021-2028 (IN $ MILLION)
FIGURE
17: GLOBAL PREPREG MARKET, BY WIND ENERGY, 2021-2028 (IN $ MILLION)
FIGURE
18: GLOBAL PREPREG MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)
FIGURE
19: GLOBAL PREPREG MARKET, BY SPORTING GOODS, 2021-2028 (IN $ MILLION)
FIGURE
20: GLOBAL PREPREG MARKET, BY PCB & OTHER APPLICATIONS, 2021-2028 (IN $
MILLION)
FIGURE
21: GLOBAL PREPREG MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE
22: UNITED STATES PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
23: CANADA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
24: UNITED KINGDOM PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
25: GERMANY PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
26: FRANCE PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
27: SPAIN PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
28: ITALY PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
29: RUSSIA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
30: REST OF EUROPE PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
31: CHINA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
32: JAPAN PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
33: INDIA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
34: SOUTH KOREA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
35: ASEAN COUNTRIES PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
36: AUSTRALIA & NEW ZEALAND PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
37: REST OF ASIA-PACIFIC PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
38: BRAZIL PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
39: MEXICO PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
40: REST OF LATIN AMERICA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
41: UNITED ARAB EMIRATES PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
42: SAUDI ARABIA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
43: TURKEY PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
44: SOUTH AFRICA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
45: REST OF MIDDLE EAST & AFRICA PREPREG MARKET 2021-2028 (IN $ MILLION)