Opportunities for the global prepreg market to reach $5.9 billion by 2022

According to a new market report published by Lucintel, the future of the Prepreg market looks attractive with opportunities in the commercial aerospace, military/defense, general aviation, space/satellite, sporting goods, marine, wind energy, automotive, and civil engineering industries. The global prepreg market is expected to reach an estimated $5.9 billion by 2022 and is forecast to grow at a CAGR of 5.6% from 2017 to 2022. The major drivers for market growth are growing demand for advanced high performance and lightweight composite materials and increasing performance requirements in the end use industries.

In this market, commercial aerospace, general aviation, military/defense, space/satellite, sporting goods, marine, wind energy, automotive, and civil engineering are the major end use industries.  Lucintel forecasts that the commercial aerospace is expected to remain the largest segment by value and wind energy by volume. Commercial aerospace is expected to witness the highest growth in the forecast period supported by the growth in the development and production of advanced aircraft models and increasing use of lightweight high-performance composites in new aircraft programs, such as Boeing 787, Airbus A350.

By resin type, thermoset prepreg is expected to remain the largest segment due to its demand in wind turbine blades and aerospace components.

By fiber type, carbon fiber reinforced prepreg is expected to remain the largest segment by value and glass fiber reinforced prepreg by volume over the forecast period. By resin type, epoxy based prepreg is expected to remain the largest segment by both value and volume. The growing use of high performance composite materials in the end use industries is likely to drive the consumption of epoxy based prepreg over the forecast period. By manufacturing technology, hot melt is expected to remain the largest segment over the forecast period.

North America is expected to remain the largest market by value and volume. Rest of the World is expected to witness the highest growth over the forecast period because of growth in the demand for aerospace and wind energy industries.

Some of the major companies in the global prepreg market are Hexcel, Cytec Solvay Group, Toray, TenCate, Gurit, Mitsubishi Rayon Corporation and are among the major suppliers of prepreg material.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global prepreg market by end use industry, weave type, manufacturing technology, type of prepreg, reinforcement, resin, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Prepreg Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global prepreg market by end use industry, weave type, manufacturing technology, type of prepreg, reinforcement, resin, and region as follows:

By End Use Industry [Volume (M lbs) and $M shipment analysis for 2011 – 2022]:

• Commercial Aerospace
• Military/Defense
• General Aviation
• Space/Satellite
• Sporting Goods
• Marine
• Wind Energy
• Automotive
• Civil Engineering
• Others

By Type of Prepreg [Volume (M lbs) and $M shipment analysis for 2011 – 2022]:

• Thermoset Prepreg
• Thermoplastic Prepreg

By Resin [Volume (M lbs) and $M shipment analysis for 2011 – 2022]:

• Epoxy
• BMI
• Phenolic
• Cynate Ester
• Thermoplastics

By Fiber [Volume (M lbs) and $M shipment analysis for 2011 – 2022]:

• Carbon fiber
• Glass fiber
• Aramid fiber

By Weave Type [Volume (M lbs) shipment analysis for 2011 – 2022]:

• UD prepreg
• Fabric prepreg

By Manufacturing Technology [Volume (M lbs) shipment analysis for 2011 – 2022]:

•          Solvent dip
•          Hot melt

By Region [Volume (M lbs) and $M shipment analysis for 2011 – 2022]:

·         North America

·         Europe

·         Asia Pacific

·         Rest of the World

This 226-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, SWOT Matrix, Due Diligence and Mergers & Acquisitions.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global prepreg market by manufacturing technology  (solvent dip, hot melt), weave type (UD prepreg, fabric prepreg), resin (epoxy, BMI, phenolic, cynate ester, thermoplastics) fiber(carbon fiber, glass fiber, aramid fiber) end use industry (commercial aerospace, military/defense, general aviation, space/satellite, Sporting goods,  marine, wind energy, automotive, civil engineering, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are emerging trends in this market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?