02 December 2019
The Prepreg Market Report 2020-2030: Forecasts by Fiber Type (Carbon, Glass, and Aramid), Resin Type (Thermoset and Thermoplastic), Manufacturing Process (Hot-Melt and Solvent DIP), Application (Aerospace & Defense, Wind, Sporting good, Automotive, Electronics), by region and analysis of leading companies operating in this industry.
The global market size of antimicrobial powder coating is estimated to exceed USD 11 billion by 2020 and is expected to grow over the forecast period at a CAGR of more than 10 percent. In the automotive, aerospace, and sporting goods markets, the rapidly growing demand for high-performance products is expected to drive market demand over the next eight years. Prepreg materials are commonly used in aerospace product production, which is projected to have a positive impact on the growth of the industry. Increasing demand for prepregs from various industries such as automotive, sports goods, wind and military & defense due to their high strengths, enhanced machinability, and shorter healing times are expected to fuel global demand for prepregs over the forecast period.
It is expected that improved mechanical properties including longer life span, short curing time, superior machinability, and high strength will have a positive impact on consumer demand in both the automotive and aerospace industries. Properties such as ease of use, low void content, specific modulus, high strength, and low coefficient of thermal expansion provided by the material have resulted in high demand for the product in the manufacture of aerospace components.
In the aerospace industry, there is a high demand for prepregs due to the superior strength-to-weight ratio of prepregs. Prepregs (especially carbon prepregs) are increasingly being used to replace their metal equivalents to produce indoor and outdoor structures as the former's basic strength and component are higher than most metal alloys.
North America represented the largest regional market in the global prepreg market. The United States ' aerospace and defense industries are the world's largest. Despite rising global tensions, defense budgets are growing to equip the armed forces despite new platforms. Further investment is likely to be seen in the defense and aerospace industry in the coming years, which, in turn, is expected to drive demand for prepreg in the United States.
SGL Group, Gurit Holdings AG, Park Electrochemical Corporation, Toray Industries, Teijin Limited, Royal TenCate N.V., Hexcel Corporation, Solvay, Mitsubishi Rayon Co. Ltd., Axiom Materials, ACP Composites, The Carbon Company, Park Electrochemical Corp Airtech Advanced Materials Group, Kaneka Corp, Haydale Composite Solutions,
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