Carbon Fiber Prepreg Market Analysis
Carbon fiber prepregs are prepared from carbon fibers with thermoset resins, for instance, epoxy, phenols and thermoplastic resins such as PEEK. Prepreg has high strength-to-weight ratio, high resiliency to corrosion and weakness and fire resistance thus, appropriate for commercial and industrial functions. Carbon fiber prepreg is formed by pre-impregnating fibers, in particular in glass, carbon and aramid onto a matrix material. Carbon fiber prepreg is lightweight and offer resiliency to moisture, chemicals and corrosion.
The production of these carbon fibers prepeg requires vacuum bagging supplies, composite vacuum pumps, and high thermal stable molds. These fibers require a freezing temperature of around -20 º C to forbid it from getting cured before the application. The two major processes used in the synthesis of carbon fiber prepreg are hot melt process and solvent dip process. The benefits such as high tensile strength, chemical resistance, and lightweight makes it favorable for many end-use industries such as aerospace, automobile, and wind turbine industries among others.
COVID-19 Impact analysis
Due to COVID-19, the manufacturing in various industries, including automotive, construction, aerospace, etc., has reduced drastically. The global automotive supply industry has been massively impacted by the COVID-19 pandemic. The production and sales of motor vehicles have come to a sudden stop in most parts across the globe. The aerospace and defense industry, which is a major end-user of the carbon fiber prepreg market, took a major hit in 2020, because of COVID-19. Some players in the aerospace manufacturing industry, including Boeing and Rolls-Royce, even announced production reduction. Thus, the carbon fiber prepreg market is negatively impacted by COVID-19.
Top Impacting Factors
The rising demand for carbon fiber prepreg in the end-user industries is the key factor driving the market growth during the forecast time. Furthermore, the increasing demand for fuel efficient cars, along with the flourishing investment in the renewable energy sector is considerably contributing to the development of the carbon fiber prepreg market. Among the various resin segments in carbon fiber prepreg market, the epoxy resin segment is leading and is anticipated to continue its dominance during the forecast period. The characteristics such as high strength to weight ratio and improved heat corrosion and moisture resistivity of epoxy resin makes them appropriate for applications in industries such as aerospace, defense, sports & leisure, and wind among others. Among the end use industries, the aerospace & defense is the starring segment, owing to high performance stability of carbon fiber prepreg than other conventional materials.
Market Trends
- North America is expected to account for the major share in the global carbon fiber prepeg market and is anticipated to exhibit an expanding growth rate during the forecast period. The rising demand from the developed aerospace & defense and the automobile industry, for light weight product which will directly help to increase the performance of the various products. The growing use of carbon fiber prepreg in the production of combat, commercial and transport aircrafts is further propelling the market growth in the region. Furthermore, the major automobile manufacturers for instance General Motors, Ford, and Fiat Chrysler are also fueling the demand for carbon fiber prepreg in the region.
- For instance, in 2019, General Motors planned to use carbon fiber composites for the beds of the full sized pickup trucks to reduce weight and enhance efficiency.
- Asia-Pacific is another major region in the market of carbon fiber prepreg and is estimated to show the high growth during the forecast period owing to rising automotive and aerospace industries in the region. The increasing requirement of energy has enhanced the investment in renewable energy, especially wind, which is a major factor driving the market in the region. The escalating wind energy installation, especially in India and China has fueled the demand of carbon fiber prepreg in the production of wind turbine blades because of its enhanced durability and lightweight.
- Growth in merger and acquisitions activities and product launching is identified as major trends to boost market growth. Global players are adopting collaboration strategy for product market penetration and product expansion. For instance, Haydale Composite Solutions together with SHD Composite Materials launched three graphene-enhanced carbon fiber pre-impregnated products using epoxy resins from Huntsman Advanced Materials.
Key Benefits of the Report
- This study presents the analytical depiction of the carbon fiber prepreg market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the carbon fiber prepreg market share.
- The current market is quantitatively analyzed to highlight the carbon fiber prepreg market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed carbon fiber prepreg market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the carbon fiber prepreg market Report
- Who are the leading market players active in the carbon fiber prepreg market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Carbon Fiber Prepreg Market Report Highlights
| Aspects | Details |
 By Resin Type |
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 By Manufacturing Process |
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 By End Use Industry |
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 By Region |
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 Key Market Players | Gurit Holding AG, Teijin Limited, Mitsubishi Rayon Co., Ltd., Axiom Materials, Cytec Solvay Group, Toray Industries, Inc., SGL Group, Royal TenCate N.V., Hexcel Corporation, Park Electrochemical Corporation |
 | Others |
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