Aug 14, 2020 (Heraldkeepers) -- The Carbon Fiber Prepreg Market is segmented on the lines of its application, manufacturing process, resin type and regional. Based on application segmentation it covers aerospace & defense, automotive, sports & leisure, wind, others. Based on manufacturing process segmentation it covers epoxy, phenolic, bismaleimide (BMI), cyanate ester, thermoplastic, others. Based on resin type segmentation it covers hot melt, solvent dip. The Carbon Fiber Prepreg Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
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The scope of the report includes a detailed study of global and regional markets on Carbon Fiber Prepreg Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include SGL Group (Wiesbaden, Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Toray Industries, Inc. (Tokyo, Japan), Teijin Limited (Osaka, Japan), Royal TenCate N.V. (Almeo, Netherlands), Hexcel Corporation (Connecticut, U.S.), Cytec Solvay Group (Brussels, Belgium), Mitsubishi Rayon Co., Ltd. (Tokyo, Japan), and Axiom Materials (California, U.S.). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Carbon Fiber Prepreg Market is expected to exceed more than US$ 8.50 Billion by 2024 at a CAGR of 11% in the given forecast period.
The major driving factors of Carbon Fiber Prepreg Market are as follows:
Rising demand for lightweight materials from the automotive industry
Increasing carbon fiber demand from the wind energy industry
Decrease in the cost of Carbon Fibers
Development demand for carbon fiber prepreg from Boeing and airbus
The restraining factors of Carbon Fiber Prepreg Market are as follows:
High manufacturing expenses and processing
High Research and Development cost
Recyclability related issues
Carbon fiber prepregs are produced using carbon filaments with thermo set pitches, for example, epoxy and phenols; and thermoplastic tars, for example, PEEK. It is made by pre-impregnating strands, including glass, carbon, and aramid, onto a grid material. Businesses for example aviation and defense, wind energy, sports, and automotive are the major end-users of carbon fiber prepregs. Prepreg has a high quality to-weight proportion, high imperviousness to erosion and weakness, and imperviousness to fire; along these lines, it is supported by producers over its metallic counterparts for use in business and modern applications.
This report provides:
1) An overview of the global market for Carbon Fiber Prepreg Market and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Carbon Fiber Prepreg Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The Carbon Fiber Prepreg Market has been segmented as below: