Carbon Prepreg Market Size, Share & Industry Analysis, By Resin Type (Epoxy, Phenolic, Thermoplastic), By End-Use (Aerospace & Defense, Energy, Automotive, Others)and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI103443 | Status : Ongoing

KEY INDUSTRY INSIGHTS

The carbon prepreg market is a dynamic sector within the composites industry, driven by its superior properties and increasing applications across various end-use industries. Pre-impregnated carbon fibres often referred as carbon prepreg are composite fibres where thermoset polymer matrix material is previously incorporated. The fibres are taken from a weave and bonded together with a matrix to substrate component. It allows the manufacturer to saturate the fibres on the substrate or industrial process and then are worked up to obtain the desired shape which could not be provided with the injection process. Prepreg is generally used in aerospace and defence industry.

Rising demand for lightweight, ballistic, and strong material with excellent resistance to chemical and corrosion for various applications like aerospace, defense, automobile, and others is boosting the overall market growth. The increased production of aircrafts by airbus and Boeing is likely to positively impact the market. Additionally, the increasing use of conventional anergy sources like wind energy in which, this material is used in system installation is likely to drive the carbon prepreg market.

However, the processing cost of epoxy resin is relatively higher for different application and end-use which can hamper the carbon prepreg market growth.

Key Market Driver -

Increasing demand from Aerospace and Defense sector.

Key Market Restraint -

High processing cost.

Carbon Prepreg Market Segmentation:

Based on resin type, the carbon prepreg market is segmented into epoxy, phenolic, and thermoplastic. Based on end-use, the carbon prepreg industry is segmented into aerospace and defense, energy, automotive, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

Toray Industries,

Mitsubishi Rayon Co. Ltd

Solvay

Royal TenCate N.V.

SGL Group

Axiom Materials

Key Insights

New Advancements in Production Technologies

Key Trends in the Carbon Prepreg Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the carbon prepreg Market

Regional Carbon Prepreg Market Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to dominate the market attributed to the high demand for light-weight, strong, chemical and corrosion resistant materials. Automobile industries are adopting the use of carbon prepreg in for electric cars and sedans. Additionally, the high demand for this material in wind energy system installation in Germany is expected to drive the regional carbon prepreg industry. North America is expected to show considerable growth due to the increased investment in Aerospace and Defense sector. Asia Pacific is estimated to show significant growth due to the rapid industrialization. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.

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Segmentation

ATTRIBUTE	DETAILS
By Resin Type	Epoxy Phenolic Thermoplastic
By End-Use	Aerospace & Defense Energy Automotive Others
By Geography	North America (U.S., and Canada) Europe (UK, Germany, France, Italy, and Rest of Europe) Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific) Latin America (Mexico, Brazil, Argentina, and Rest of Latin America) Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)

Carbon Prepreg Industry Developments

In February 2020, Solvay launched CYCOM EP2750, a high rate compression molding PrePreg for aerospace application.

In March 2017, Solvay launched its new innovative thermoset resin system Solvalite 730 for volume automotive application

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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