Aug 12, 2020 (The Expresswire) -- Global Carbon Prepreg Market research report is a meticulous investigation of current scenario of the market, which covers several market dynamics. The Carbon Prepreg Market Report also provides an analytical assessment of the prime challenges faced by Carbon Prepreg Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Carbon Prepreg Market over a longer period of time.The leading industry players across the globe are explored in detail in this report. It demonstrates product overview, company summary, and manufacturing cost, capacity, and market shares for most of the participants.
Get a sample PDF of the report at - https://www.marketreportsworld.com/enquiry/request-sample/12345088
The Carbon Prepreg Market business development trends and selling channels square measure analyzed. From a global perspective, it also represents overall industry size by analyzing qualitative insights and historical data.
The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of the Carbon Prepreg market.
The global carbon prepreg market is expected to register a moderate growth during 2018 to 2023 (the forecast periodÂ). North America dominated the market with a share of around 27%, followed by Europe and Asia-Pacific in 2017.
Increasing Demand from the Aerospace and Defense Sector
The increasing demand from the aerospace and defense sector is one of the major drivers for the growth of the carbon prepreg market. In the aerospace industry, carbon prepregs provide better thermal resistance, anti-corrosive properties, high tensile strength, reduced weight, and ease of molding into various shapes. Due to these specific properties, carbon fiber prepreg is chosen for primary and secondary structures of aircraft interiors, wind turbine blades, bicycle frames, golf shafts, tennis rackets, and others. The use of these prepregs in the interiors of major aircraft carriers, like Boeing and Airbus, among other prominent commercial aircraft is driving the the market during the forecast period. Furthermore, several prepreg manufacturers are signing agreements with aircraft manufacturers to cater to the increasing demand from aerospace and defense applications, which are expected to drive the demand for carbon prepreg, globally, over the forecast period.
Growing Demand from the Wind Energy Sector
Wind energy has undergone a paradigm shift, due to the efforts that have been made to reduce pollution from power generation. Although wind energy has been in use for many decades, the use of carbon prepregs has the potential to change the scenario altogether. Carbon prepregs, due to its properties, such as being lightweight, strength, and stiffness, are preferred by turbine manufacturers for manufacturing wind turbine blades. Thermoset prepregs are extensively used to manufacture wind turbine blades. Hence, the growing popularity of carbon prepregs in the wind energy sector is expected to boost the demand for carbon prepreg globally over the forecast period.
North America to Dominate the Market
North America dominated the carbon prepreg market, contributing to a share of around 27% in 2017. The aerospace and defense sector is the one of the promising sectors in the region. In defense applications, prepregs are used in ballistic and blast protection systems in armored vehicles and structural components for vehicles in the United States. In addition, major players in the United States are planning to increase their investments for the development of carbon prepregs, for use in newer applications in the energy sector, which is expected to increase the consumption of carbon prepregs in the coming years. Hence, the increased emphasis on the aerospace and defense sector, along with the growth of other end-users across the region, is expected to augment the growth of the global carbon prepreg market over the forecast market.
Notable Developments in the Market
October 2017: Hexcel Corporation completed the acquisition of Structil SA, a French manufacturer and supplier of high-performance composites to the aerospace, defense, and industrial markets.
December 2017: Hexcel acquired the Oxford Performance Materialâ€™s Aerospace and Defense Business.
Major Players: ACP Composites, Hexcel Corporation, Toray Industries, Inc., SGL Groupâ€”The Carbon Company, and Mitsubishi Rayon Co. Ltd, amongst others.
Reason to purchase this Report
Current and future global carbon prepeg market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porterâ€™s five forces analysis
Segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Enquire before purchasing this report - https://www.marketreportsworld.com/enquiry/pre-order-enquiry/12345088
Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Carbon Prepreg Market for 2020-2024. To calculate the market size, the report considers new installations or sales and subscription payments of Carbon Prepreg.
The market is divided into the following segments based on geography:
Global Carbon Prepreg Market 2020-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Growing research activities coupled with new product launches.
For a full, detailed list, view our report
High Opportunity in the Industry
For a full, detailed list, view our report
Complications associated with Carbon Prepreg procedures.