Global Prepreg Market Overview 2023-2028

Prepreg, also known as pre-impregnated material, finds extensive application across industries like aerospace, automotive, and sporting goods. This composite material comprises fibers, commonly carbon fiber or fiberglass, infused with a resin matrix like epoxy or thermoplastic. The process involves utilizing automated machinery to carefully saturate the fibers with the resin system within a controlled environment. This eliminates the requirement for on-site resin mixing and impregnation, streamlining the manufacturing process for composites. Additionally, prepreg possesses a shelf life and can be stored at low temperatures, typically in refrigerated conditions.

How big is the Global Prepreg Market?

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.

Global Prepreg Market Trends and Drivers:

The global market for prepreg is experiencing significant growth due to its expanding utilization in the aerospace industry for manufacturing various aircraft components, including wings, fuselages, empennages, and interior structures. This is attributed to the material's exceptional fatigue resistance and dimensional stability. Additionally, prepregs are widely employed in the automotive sector to produce vehicle components like body panels, structural parts, interior elements, and sports car bodies. The market is further driven by the increasing demand for fuel-efficient vehicles, prompted by rising petrol prices. Moreover, the growing adoption of prepregs in the production of high-performance sporting goods such as tennis rackets, golf clubs, bicycle frames, and hockey sticks is also positively impacting the market.

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Global Prepreg Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: 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.

The report segmented the market on the basis of region, resin type, fiber type, manufacturing process and end use industry.

Breakup by Resin Type:

• Thermoset
• Thermoplastic
• Epoxy
• Others

Breakup by Fiber Type:

• Carbon
• Glass
• Aramid

Breakup by Manufacturing Process:

• Hot-Melt Process
• Solvent Dip Process

Breakup by End Use Industry:

• Aerospace and Defense
• Automotive
• Electrical and Electronics
• Wind Turbine
• Sporting Goods
• Others

Breakup by Region:

• 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

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Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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