The global prepreg market size reached USD 6.94 Billion in 2021 and is expected to register a revenue CAGR of 10.7% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for prepreg from various end-use industries, especially from aerospace & defense, coupled with rising demand from the automotive industry is a key factor driving market revenue growth to a significant extent. Composite materials such as carbon fiber have replaced metal in the production of aircraft and automobiles owing to light weight and high strength. Moreover, flexibility for casting or molding into any shape highly increases demand for manufacturing of components for aircraft interiors, engine blades and rotors, propellers, fin blades, seats, and tail planes – also known as a horizontal stabilizer – among others. Lighter components also decrease operational costs, which is another key factors driving demand for prepreg and is expected to support revenue growth of the market going ahead.
The researchers have considered all the factors influencing the growth of the Prepreg market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Prepreg market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Prepreg market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Hexcel Corporation, Toray Industries, Inc., Park Aerospace Corp., Teijin Limited, Mitsubishi Chemical Carbon Fiber and Composites, Inc., SGL Carbon, Gurit, Rock West Composites, Inc., Plastic Reinforcement Fabrics Ltd., and Acp Composites, Inc
Research Report on the Prepreg Market Addresses the Following Key Questions:
- Who are the dominant players of the Prepreg market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Prepreg market?
- What are the key growth drivers and restraining factors of the Prepreg market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Prepreg market and its key segments?
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Emergen Research has segmented the global Prepreg market on the basis of type, type of care, and region
Segments Covered in this report are:
Resin Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)
- Thermoset
- Thermoplastic
Manufacturing Process Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)
- Hot-melt
- Solvent dip
Fiber Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)
- Glass
- Carbon
- Aramid
- Others
In conclusion, the Prepreg Market report is an exhaustive database that will help readers formulate lucrative strategies. The Prepreg Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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