Worldwide Carbon Fiber Prepreg Industry to 2026 - Featuring Solvay, Teijin and Gurit Holding Among Others

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Mar 15, 2021, 13:45 ET

DUBLIN, March 15, 2021 /PRNewswire/ -- The "Carbon Fiber Prepreg Market by End-Use Industry Type, by Resin Type, by Form Type, by Curing Type, by Product Type, and by Region, Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The carbon fiber prepreg market is expected to mark a massive decline in 2020. The short-term impact on the market is evident in major players' H1 2020 results with a massive plunge in revenue, huge loss, employee layoffs, cash-burnouts, production halt, etc. Nevertheless, the long-term outlook still seems hopeful with a gradual rebound in aircraft and automobile production, ultimately imprinting a positive impact on the market. Carbon prepreg accounts for more than a mammoth 80% of the total prepreg market. The publisher's estimates suggest that the market is likely to pick up pace in the years to come to reach an estimated value of US$ 4.9 billion in 2026. The slumping production rate of composite-rich aircraft, B787 and A350XWB is acting as one of the prime reasons behind the market's delayed recuperation.

Carbon fiber prepregs offer excellent performance over other prepregs with numerous advantages such as excellent weight reduction, high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance. Escalating demand for lightweight materials from key industries, such as aerospace & defense and automotive, owing to rapidly changing market dynamics with increased demand for lightweight and durable materials is likely to create new revenue pockets for prepreggers in this product category.

Despite several setbacks in the aerospace and automotive industries in 2019, the prepreg market participants somehow efficacious in maintaining their growth trajectory in the year. However, the outbreak of the pandemic, which was initially anticipated as a viable hitch, later transformed into an obstruction for survival for many stakeholders of almost all the end-use industries with aerospace and automotive proving to be its biggest victims. The wind energy and marine industries proved to be the shining stars during this trying time, keeping the big guns engaged in business.

Carbon Fiber Prepreg Market Analysis

Carbon Fiber Prepreg Market Share By End-Use Industry

Based on the end-use industry type, the publisher has segmented the market as aerospace & defense, wind energy, automotive, civil engineering, sporting goods, marine, and others. Despite the current glum scenario, the aerospace & defense is expected to push through, maintaining its dominance in the market till 2026. On the other side, the automotive industry is expected to turn the corner, healing at the fastest pace during the forecast period. Unabating demand for fuel-efficient vehicles, owing to rising concerns over environmental pollution and an expected ramp-up in composite penetration in newer aircraft programs are likely to catapult the carbon fiber prepreg demand in the years to come.

Carbon Fiber Prepreg Market Share By Product Type

Based on the product type, we have classified the market as epoxy prepreg, BMI prepreg, cyanate ester prepreg, polyimide prepreg, phenolic prepreg, PPS prepreg, PEEK prepreg, and other prepregs. Epoxy prepreg is likely to hold the throne in the market till 2026, whereas BMI prepreg is expected to grow at the fastest pace in the next five years. Carbon fiber prepregs are generally used with epoxy resin systems for several crucial applications such as aircraft fuselage, wings, control surfaces, engine & nacelles, fan blades, and interiors.

Regional Insights

All regions are expected to suffer from an enormous decline in 2020. In spite of the grave downturn, North America is projected to remain the largest market during the forecast period. The region's dominance is attributed to several factors including a robust supply chain and the presence of major tier players, OEMs, and prepreggers. Aerospace & Defense is estimated to remain the biggest demand generator for carbon fiber prepreg in the region's market.

Asia-Pacific is anticipated to log a quick recovery in the market during the forecast period. The upcoming commercial aircraft program (C919), continuous manufacturing shift of sporting goods equipment in China, the opening of assembly plants in China by Boeing and Airbus, and an ongoing shift in assembly plants of automotive OEMs in the region are likely to create a healthy long-term demand for carbon fiber prepregs in the region.

Key Players

The supply chain of this market comprises raw material suppliers, carbon fiber prepreg manufacturers, distributors, composite part fabricators, OEMs, and MRO companies.

The key carbon fiber prepreg manufacturers include:

Hexcel Corporation
Mitsubishi Chemical Carbon Fiber and Composites Inc.
Solvay SA
Teijin Limited
Gurit Holding
Park Aerospace Corporation
Toray Industries, Inc.

The formation of long-term contracts, application development, and development of innovative products are some of the key strategies adopted by the major players in order to gain a competitive edge in the market. The prevalent COVID-19 crisis has pushed leading players to realign their strategies to adapt to the need of the hour.

Key Topics Covered:

1. Executive Summary

2. Carbon Fiber Prepreg Market Overview and Segmentation
2.1. Introduction
2.2. Carbon Fiber Prepreg Market Segmentation
2.2.1. By End-Use Industry Type
2.2.2. By Resin Type
2.2.3. By Form Type
2.2.4. By Curing Type
2.2.5. By Product Type
2.2.6. By Region
2.3. Supply Chain Analysis
2.4. Industry Life Cycle Analysis
2.5. PEST Analysis
2.6. SWOT Analysis

3. Carbon Fiber Prepreg Market - The COVID-19 Impact Assessment
3.1. Insights
3.2. Carbon Fiber Prepreg's Penetration in the Global Prepreg Market
3.3. Carbon Fiber Prepreg Market Trend and Forecast (US$ Million and Million Lbs.)
3.4. Pre-COVID vs Post-COVID Assessment
3.5. The Pandemic: Real GDP Loss vs Carbon Fiber Prepreg Market Loss (2020-2021)
3.6. Carbon Fiber Prepreg Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic
3.7. Market Segments' Analysis (US$ Million and Million Lbs.)
3.8. Regional and Country-Level Analysis (US$ Million and Million Lbs.)
3.9. Market Drivers
3.10. Market Challenges

4. Competitive Analysis
4.1. Insights
4.2. Product Portfolio Analysis
4.2.1. By End-Use Industry
4.2.2. By Resin Type
4.3. Geographical Presence
4.4. New Product Launches
4.5. Strategic Alliances
4.6. Market Share Analysis
4.7. Porter's Five Forces Analysis

5. Carbon Fiber Prepreg Market Trend and Forecast by End-Use Industry (2015-2026)
5.1. Insights
5.2. Aerospace & Defense: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.3. Wind Energy: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.4. Automotive: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.5. Civil Engineering: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.6. Sporting Goods: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.7. Marine: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.8. Other Industries: Regional Trend and Forecast (US$ Million and Million Lbs.)

6. Carbon Fiber Prepreg Market Trend and Forecast by Resin Type (2015-2026)
6.1. Insights
6.2. Thermoset Prepreg: Regional Trend and Forecast (US$ Million and Million Lbs.)
6.3. Thermoplastic Prepreg: Regional Trend and Forecast (US$ Million and Million Lbs.)

7. Carbon Fiber Prepreg Market Trend and Forecast by Form Type (2015-2026)
7.1. Insights
7.2. UD Prepreg: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.3. Fabric Prepreg: Regional Trend and Forecast (US$ Million and Million Lbs.)

8. Carbon Fiber Prepreg Market Trend and Forecast by Curing Type (2015-2026)
8.1. Insights
8.2. Autoclave: Regional Trend and Forecast (US$ Million and Million Lbs.)
8.3. Out of Autoclave: Regional Trend and Forecast (US$ Million and Million Lbs.)
8.4. Others: Regional Trend and Forecast (US$ Million and Million Lbs.)

9. Carbon Fiber Prepreg Market Trend and Forecast by Product Type (2015-2026)
9.1. Insights
9.2. Epoxy Prepreg: Regional Trend and Forecast (US$ Million and Million Lbs.)
9.3. BMI Prepreg: Regional Trend and Forecast (US$ Million and Million Lbs.)
9.4. Cyanate Ester Prepregs: Regional Trend and Forecast (US$ Million and Million Lbs.)
9.5. Polyimide Prepreg: Regional Trend and Forecast (US$ Million and Million Lbs.)
9.6. Phenolic Prepreg: Regional Trend and Forecast (US$ Million and Million Lbs.)
9.7. PPS Prepreg: Regional Trend and Forecast (US$ Million and Million Lbs.)
9.8. PEEK Prepregs: Regional Trend and Forecast (US$ Million and Million Lbs.)
9.9. Other Prepregs: Regional Trend and Forecast (US$ Million and Million Lbs.)

10. Carbon Fiber Prepreg Market Trend and Forecast by Region (2015-2026)
10.1. Insights
10.2. North American Carbon Fiber Prepreg Market: Country Analysis
10.2.1. The USA's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.2.2. Canada's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.2.3. Mexico's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.3. European Carbon Fiber Prepreg Market: Country Analysis
10.3.1. Germany's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.3.2. France's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.3.3. The UK's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.3.4. Russia's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.3.5. RoE's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.4. Asia-Pacific's Carbon Fiber Prepreg Market: Country Analysis
10.4.1. China's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.4.2. Japan's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.4.3. India's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.4.4. RoAP's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.5. Rest of the World's (RoW) Carbon Fiber Prepreg Market: Country Analysis
10.5.1. Brazil's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.5.2. Saudi Arabia's Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)
10.5.3. Others' Carbon Fiber Prepreg Market T&F (US$ Million and Million Lbs.)

11. Strategic Growth Opportunities
11.1. Insights
11.2. Market Attractiveness Analysis
11.2.1. Market Attractiveness by End-Use Industry
11.2.2. Market Attractiveness by Resin Type
11.2.3. Market Attractiveness by Form Type
11.2.4. Market Attractiveness by Curing Type
11.2.5. Market Attractiveness by Product Type
11.2.6. Market Attractiveness by Region
11.2.7. Market Attractiveness by Country
11.3. Emerging Trends
11.4. Growth Matrix Analysis
11.5. Key Success Factors (KSFs)

12. Company Profile of Key Players (Alphabetically Arranged)
12.1. Celanese Corporation
12.2. Gurit Holding AG
12.3. Hexcel Corporation
12.4. Kordsa Teknik Tekstil
12.5. Mitsubishi Chemical Carbon Fiber and Composites Inc.
12.6. Park Aerospace Corporation
12.7. SGL Carbon SE
12.8. Solvay SA
12.9. Teijin Limited
12.10. Toray Industries, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/u3u19o

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