Rising demand for high strength materials in wind energy and aerospace industries is expected to drive growth of the prepregs market over the forecast period. Carbon fiber-based prepregs are widely used to manufacture various aircraft components such as interiors, air ducts, flooring carpets, cargo floor, seats, and containment case. In addition, prepregs materials are also used to manufacture sport goods such as golf club shafts, tennis racket frames, and fishing rods.
The global prepregs market report has been segmented on the basis of fiber reinforcement, type of resin, application, and region.
On the basis of fiber reinforcement, the global prepregs market has been segmented into glass fiber prepregs, carbon fiber prepregs, and aramid fiber prepregs. The carbon fiber prepregs segment is expected to account for major share in terms of revenue in the global prepregs market. The carbon fiber prepregs segment revenue is also anticipated to register highest CAGR over the forecast. They offer anti-corrosive properties, better thermal resistance, reduced weight, high tensile strength, and ease of molding into various shapes.
On the basis of application, the global prepregs market has been segmented into aerospace & defense, wind energy, sporting goods, automotive, and electronics. The aerospace & defense segment is expected to account for significant share in the global prepregs market in terms of revenue, owing to increasing demand from aerospace & defense manufacturing industry.
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On the basis of region, the global prepregs market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is expected to dominate with major revenue share in the global prepregs market in 2017. Asia Pacific prepregs market is anticipated to register highest CAGR in terms of revenue in next five years, owing to increasing demand from aerospace & defense and automotive industries in countries in this region.
Key players operating in the global market include Royal Ten Cate (USA), Inc., Cytec Industries, Inc., Toray Industries, Inc., Hexcel Corporation, Gurit Holding AG, Teijin Limited, Axiom Materials, Inc., SGL Group, Park Electrochemical Corp., and Mitsubishi Rayon Co. Ltd.