The global Prepreg Market is projected to reach USD 12.48 billion by 2024 owing to the rise in the demand of high-performing and lightweight Prepreg in the industries like defense, aerospace, wind energy and sporting goods. Prepreg is also known as reinforcing fabric that has been pre-impregnated by a resin system. The resin system by default contains the proper curing agent which helps the Prepreg to get molded with no further resin addition. To cure the laminate, it is important to use the combination of heat and pressure. The regulatory standards stressing on the use of fuel efficient and lightweight materials are expected to rise the Prepreg Market with a CAGR of 10.0% in the forecast period.
Besides the traditional hand layup, Prepreg comprises several benefits like it holding maximum strength properties. It is difficult to obtain half amount of resin in a hand layup. This means that the laminate weight consists of resin and fabric equally. The customary hand laminates with vacuum bag result in sizeable amount of extra resin. Extra resin reduces overall properties and increases brittleness. Conversely, the Prepregs include approximate 35% resin, which is perfect as curing properties.
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Constant thickness is observed in the hand laminates and every releasing part is probably similar. This might encourage more errors in the handling, vacuum bagging methods, etc. The Prepreg avoids these deformities significantly by creating less waste and clutter. Additionally, the Prepregs are managed at warm temperatures for the easy and efficient use of resins. They also offer less curing time to be used in improved ways. The Prepreg also removes air bubbles to make the surface glossier and smooth.
The Prepregs are specifically used by the professional fabricators who wish to minimize the weight of any given product. Prepregs are mostly used in aerospace, sports goods, commercial vehicles, pressure vessels and racing. They are used by fabricators who work with the vacuum bagging and hand layups. To avoid the drawbacks of the hand layup, the Prepreg is generally not much used, even though it can be easily used, even by a beginner.
The wind capacity installations has been growing considerably across the globe due to which the Prepreg demand for the manufacturing of turbine blades is rising. The lightweight and less consuming energy feature has increased the manufacturing of turbine blades. Additionally, the cotton fiber Prepreg allows extended wind in turbines with efficient designs blade design and improves stiffness-to-weight ratio in longer blades. The Prepreg industry is driven by these benefits that contribute to the growth of wind energy applications.
The Prepreg Market is estimated to grow significantly in the coming years with great opportunities. The speedy increase in demand for the end use applications, competitive manufacturing costs and noteworthy economic growth are driving the market in Asia Pacific. These factors are also expected to encourage the businesses for expanding and adopting research and development strategies in this area.
The prominent players of Prepreg industry are stressing on these regions for gaining a larger share market. The manufacturers of Prepreg are motivated to adopt expansion and acquisition strategies to offer exceptional solutions to market demand. Several market players are shifting their plants to the developing economies like India and China because of the growing demand and reduced raw material and labor cost in these regions.
The Prepreg industry is categorized on the basis of end user industry, material, manufacturing technology, types of Prepreg, market by reinforcement, resin, and Geography. On the basis of end user industry, the Market is divided into Commercial Aerospace, Military/Defense, General Aviation, Space/Satellite, Sporting Goods, Marine, Wind Energy, Automotive, Civil Engineering, etc.
On the basis of material, the Prepreg Market is divided into UD Prepreg and Fabric Prepreg. On the basis of manufacturing technology, the Market is divided into Hot Melt and Solvent Dip. In terms of type of Prepreg, the Market is divided into Thermoset Prepreg and Thermoplastic Prepreg. On the grounds of market by reinforcement, the market is divided into Carbon Fiber, Glass Fiber and Aramid Fiber. On the basis of Resin, the industry is divided into Epoxy, BMI, Phenolic, Cyanate Ester, and Thermoplastics.
Geographically, the Prepreg industry is segmented as North America, Europe, Asia Pacific and rest world. Owing to the growing demand from the aerospace and other end user industry, North America is predicted to dominate the market share. The market players profiled here are Cytec Solvay Group, Celanese, Mitsubishi Rayon (MRC), Toray, Hexcel and Teijin.
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Fiber type outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
Resin type outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
Manufacturing process outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
• Solvent dip
Application outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
• Aerospace & defense
• Wind energy
• Sporting goods
Regional outlook (Volume, Kilo Tons, Revenue, USD Million, 2013 – 2024)
• North America
• Asia Pacific
• Central and South America
• Middle East & Africa
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