Prepreg Market Worth $6.97 Billion by 2020
Jun 15, 2015, 02:00 ET
DALLAS, June 15, 2015 /PRNewswire/ --
The report "Prepreg Market by Type of Fiber Reinforcement (Glass fiber, Carbon fiber, Aramid fiber), by Types of Resin (Thermoset, Thermoplastics), by Manufacturing Process (Hot melt, Solvent Dip), by Applications (Wind, Aerospace, Automotive, Sporting goods, Electronics (PCB) etc.) and by Region - Global Trends and Forecasts to 2020" published by MarketsandMarkets, The Prepreg Market is growing at a CAGR of more than 10.7% between 2015 and 2020 and is expected to generate the global market size in terms of value with $6.97 Billion by 2020.
Browse 82 market data Tables and 58 Figures spread through 154 Pages and in-depth TOC on "Prepreg Market"
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The market report defines and segments the global prepreg market with analysis and forecast of the market size by value and volume. It also identifies driving and restraining factors for the global prepreg market with analysis of trends, opportunities, burning issues, wining imperatives, and challenges. The market is segmented and values are forecast on the basis of key regions such as North America, Europe, Asia-Pacific, and RoW (Rest of the World).The key countries are covered and forecast for each region. Further, the market is segmented and values are forecast on the basis of different types of materials.
North America: Biggest market of prepreg
North America is currently the largest market for prepreg. U.S. is the largest consumer of prepreg in this region. Aerospace & defense, and automotive are the favorable market applications for Prepreg Market growth in this region.
Aerospace & Defense: Biggest application segment of Prepreg Market
Aerospace & defense is currently the biggest segment of prepreg. North America is currently the largest market for aerospace industry.
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Environmental regulations for low CO2 emissions and fuel efficiency mandates in Europe and the U.S. dictate more fuel efficient vehicles. Composites are seen as a substitute for aluminum and steel in high-end cars that would help the automotive industry to meet the fuel efficiency standards. This ultimately fuels the prepreg demand in automotive application. Similarly, in case of aerospace application, increasing delivery numbers of aircrafts like Boeing-787, Airbus-350, etc. will drive this market in next 5 years.
Cytec industries (U.S.), Hexcel Corporation (U.S.), Toray industries (Japan), Gurit holding (Switzerland), Royal Tencate NV (U.S.), Teijin Limited (Japan), SGL Group- The carbon company (Germany) are some of the major market players of prepreg in the world.
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