According to a new market research report published by Global Insight Services “Prepreg Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Prepreg is a type of composite material that is used in a variety of applications, including the aerospace, automotive, and sporting goods industries. Prepreg is made by impregnating a reinforcing material, such as carbon fiber, with a resin system. The impregnated material is then cured, typically using heat and pressure, to create a strong and lightweight composite.
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Key Trends
There are a few key trends in prepreg technology, which are detailed below.
1. Increased use of lighter weight materials: In order to reduce the weight of prepreg parts, manufacturers are increasingly using lighter weight materials such as carbon fiber and Kevlar.
2. Increased use of higher strength materials: In order to improve the strength of prepreg parts, manufacturers are increasingly using higher strength materials such as carbon fiber and Kevlar.
Key Drivers
The key drivers of the Prepreg market are the increasing demand for composites in the aerospace and automotive industries, and the growing demand for Prepreg in the wind energy sector. The increasing demand for Prepreg is driven by the superior properties of Prepreg, such as high strength-to-weight ratio, low density, high stiffness, and high temperature resistance. The Prepreg market is also driven by the increasing demand for Prepreg in the construction and marine industries.
Key Market Segments
The prepreg market bifurcated on the basis of manufacturing, fiber, resin type, application and region. On the basis of manufacturing, it is segmented into hot melt process and solvent dip process. By fiber it is categorized into carbon, glass, and others. By resin type it is divided into thermoset and thermoplastic. By application it is segmented into aerospace & defense, wind energy, automotive, sporting goods, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The prepreg market report includes players such as Solvay Group, Toray Industries Inc., Teijin Limited, SGL Group, Axiom Materials, Hexcel Corporation, Park Aerospace Corp., DuPont, Gurit Holding AG, and Mitsubishi Chemical Holdings Corporation.
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