|
|
(Transportation-News.com, March 03, 2019 ) According to the new research report, "Prepreg Market by Fiber Type (Carbon, Glass, and Aramid), Resin Type (Thermoset and Thermoplastic), Manufacturing Process (Hot-Melt and Solvent DIP), Application (Aerospace & Defense, Wind, Sporting good, Automotive, Electronics) - Global Forecast to 2021", published by MarketsandMarkets, The market size is projected to reach USD 8.64 Billion by 2021, growing at a CAGR of 10.12%, between 2016 and 2021.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=56131284
The demand for lightweight and high-performance prepreg is propelled by the growth in aerospace & defense, wind energy, and sporting goods industries. This demand is further driven by regulatory norms emphasizing on the use of lightweight and fuel-efficient materials.
Carbon fiber prepreg comprises a major share in the prepreg market in terms of value
Carbon fiber prepreg has the highest market share in the prepreg market due to its large demand from the aerospace & defense, wind energy, and sporting goods applications. Carbon fiber prepreg is used in the primary and secondary structures of aircraft interiors, wind turbine blades, bicycle frames, golf shafts, tennis rackets, and others. They provide better thermal resistance, anti-corrosive properties, high tensile strength, reduced weight, and ease of molding into various shapes. These properties have boosted the carbon fiber prepreg market.
Wind industry is the largest application market for prepreg in terms of volume
The global number of wind capacity installations has increased significantly in 2015. Owing to this, the demand for prepreg for making wind turbine blades is increasing. This is because; prepregs are lightweight and consume less energy. Furthermore, the use of carbon fiber prepreg in wind turbines enables longer, more efficient blade designs, and optimizes stiffness-to-weight ratio in longer blades. These benefits of prepreg are boosting its growth in the wind energy applications.
Don't miss out on business opportunities in Prepreg Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=56131284
Asia-pacific accounts for a major share of the prepreg market
Asia-Pacific accounts for the largest market of prepreg, globally, due to its high demand from the wind energy, sporting goods, electronics and aerospace & defense applications accompanied by regulatory norms requiring the use of ecofriendly materials. Along with the existing capacities, several prepreg manufacturers are signing agreements with aircraft manufacturers to cater the increasing demand from aerospace & defense applications. For instance, Toray Industries, Inc. (Japan) signed an agreement with Airbus Group S.E (France) to supply TORAYCA carbon fiber prepreg for the primary structure of the A380 aircraft. The demand for prepreg in Asia-Pacific is projected to continuously increase in the near future on account of significant performance, less pollution, and advent of new manufacturing techniques, which would increase the production volumes and decrease the cost of prepreg.
Some of the key global players prevailing in the prepreg market are Royal Ten Cate N.V. (Netherland), Toray Industries, Ltd. (Japan), Teijin Ltd. (Japan), Hexcel Corporation (U.S.), SGL group (Germany), and others. These players have adopted various organic and inorganic developmental strategies in the past five years.
Request for free customization of report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=56131284
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets
Mr. Shelly Singh
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
