Market Research Report
North America Prepreg Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||580743|
|Published||Content info||135 Pages
Delivery time: 2-3 business days
|North America Prepreg Market Forecast 2020-2028|
|Published: April 3, 2020||Content info: 135 Pages||
The North America prepreg market is set to record growth, projecting a CAGR of 8.94% in terms of revenue, while recording a CAGR of 7.54% in terms of volume, during the forecast period. With the increasing demand from the end-users, the market is estimated to thrive during the forecast period.
The North America prepreg market growth analysis is assessed on the basis of the market statistics of the United States and Canada. In Canada, the consumer electronics industry recorded rapid growth due to the growing opportunities from the key product categories like mobile phones, touch screen pads, etc. Product innovations are valued in Canada. Automotive production in the country is projected to be stable for a few years. In order to boost manufacturing activities and its exports, the automotive sector has incorporated the NAFT agreement. Ford Motor Co announced the setting up of its R&D center in Ottawa in March 2017. The aerospace sector of the country majorly encompasses activities in terms of aerospace manufacturing. The supply chain components constitute the majority of the aerospace exports, while the rest are rotorcraft, airplanes, simulators, and spacecraft. There has been a rapid increase in the adoption of prepregs in the country in the past years. Canada also houses the eighth-largest wind generating fleet in the world.
Some of the well-known companies operating in the market are, Hexcel Corporation, Axiom Materials Inc, Gurit Holding AG, Cytec Solvay Group (Parent Company: Solvay Group), Celanese Corporation, etc.
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