11.4 C
New York
Monday, November 28, 2022
0 0

Global Prepreg Market To Be Driven At A CAGR Of 10.4% In The Forecast Period Of 2022-2027

Read Time:3 Minute, 42 Second

The new report by Expert Market Research titled, ‘Global Prepreg Market Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global prepreg market, assessing the market based on its segments like fibre, resin, manufacturing process, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/prepreg-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 11.3 Billion
  • Forecast CAGR (2022-2027): 10.4%
  • Forecast Market Size (2027): USD 20.4 Billion

The growth of the global prepreg market is driven owing to its widespread applications. The demand for prepreg from aircraft industry owing to its high weight to strength ration is anticipated to drive the demand over the forecast period. Meanwhile the application of prepregs in production of wind turbines if is likely to aid the market growth owing to the increasing focus of various countries towards renewable sources of energy such as wind energy. Moreover, the application of carbon prepreg in the automobile industry in high end cars and racing cars is likely to augment the growth further. However, the high manufacturing and processing cost may constrain the market growth over the forecast period.

Industry Definition and Major Segments

Prepregs refer to composites with pre-impregnated reinforcement fibres and semi-cured polymer matrix such as even thermoplastic combined with liquid or resins or rubbers, or epoxy or phenolic resins. These provide advantages such as higher strength-to-weight ratio, lower maintenance, corrosion resistance, and longer lifecycle compared to its steel and aluminium counterparts.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/prepreg-market

By fibre, the market is divided into:

  • Carbon
  • Glass
  • Aramid

Based on resin, the industry can be segmented into:

  • Thermoset
  • Thermoplastic

The market is bifurcated by manufacturing process into:

  • Hot-Melt
  • Solvent Dip

On the basis of application, the industry can be classified into:

  • Aerospace and Defence
  • Automotive
  • Wind Energy
  • Sporting Goods
  • Others

The regional markets for prepreg include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Regionally, North America is projected to hold the largest share in the global market for prepregs. This can be attributed to the presence of large and rapidly expanding aerospace sector in United States. Additionally, the increasing investment in the defence sector is likely to further bolster the regional market growth. Meanwhile, Asia Pacific is estimated to show the fastest growth rate over the forecast period. The factors such as rapidly growing aerospace and defence sectors along with increasing investment in wind energy farms in emerging economies like China and India are anticipated to propel the regional growth. Europe is likely to witness a steady growth over the coming years.

Key Market Players

The major players in the market are Hexcel Corporation, Toray Industries, Inc., Axiom Materials, Inc., Teijin Limited, Park Aerospace Corp., Mitsubishi Chemical Carbon Fiber and Composites, Inc., and a few others.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: James Rowan, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

Read More Reports:

Legionella Testing Market

About Post Author

Nadan Niazi

Hii I am Nadan NiaziI am a professional writer and blogger. I’m researching and writing about innovation, business, and financing the latest Blockchain marketing trends.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Nadan Niazi
Nadan Niazihttps://bit.ly/3V5WB2X
Hii I am Nadan NiaziI am a professional writer and blogger. I’m researching and writing about innovation, business, and financing the latest Blockchain marketing trends.

Related Articles

Stay Connected

0FansLike
3,582FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles