PUBLISHER: IMARC | PRODUCT CODE: 1347553
PUBLISHER: IMARC | PRODUCT CODE: 1347553
The global prepreg market size reached US$ 11.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.
Prepreg is a strong laminate composite of fiber sheets that are pre-impregnated with catalyzed resins. It is manufactured through a hot melt and solvent-dip process using woven fibers and thermoset resins, such as phenols, epoxy, polyamide and thermoplastics. It involves dissolving the resin in a solvent bath and dipping the reinforcing fabric in the resin solution. Prepreg exhibits high tensile strength, stability, and resistance to fire, fatigue, corrosion, moisture and chemicals. As a result, they find extensive application across various industries, such as automotive, healthcare, aerospace, defense and electrical.
Significant growth in the aerospace industry across the globe represents one of the key factors creating a positive outlook for the market. Prepreg is widely used in the production of air ducts, bars, seats, trailing edges, cabin linings, plenums and brackets due to its high physical strength and structural performance. Moreover, various product innovations, such as the launch of a carbon prepreg patch that consists of epoxy matrix and uni-directional carbon fiber that consists of self-adhesive properties and enables them to bond to metal in a one-step process, are providing a significant boost to the market growth. Additionally, the widespread product adoption in the automotive industry is favoring the market growth. Prepreg is widely used for lightweight parts, ceiling materials and instrument panels due to its high stiffness and tensile strength and low weight. Apart from this, extensive research and development (R&D) activities and increasing product utilization for the manufacturing of various sports accessories, such as bicycles, fishing rods and tennis rackets, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global prepreg market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on resin type, fiber type, manufacturing process and end use industry.
Thermoset
Thermoplastic
Epoxy
Others
Carbon
Glass
Aramid
Hot-Melt Process
Solvent Dip Process
Aerospace and Defense
Automotive
Electrical and Electronics
Wind Turbine
Sporting Goods
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Axiom Materials Inc. (Kordsa Incorporated), Composites One LLC (Synergy55 Inc.), Gurit Holding, Hexcel Corporation, Mitsubishi Chemical Corporation, Park Aerospace Corp., SGL Carbon SE, Solvay S.A., Sunrez Corporation, Teijin Limited, Toray Industries Inc. and Ventec International Group.