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Prepreg Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 142 pages | ID: P201A2DDB611EN
IMARC Group

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Market Overview:

The global prepreg market size reached US$ 11.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.

Prepreg is a strong laminate composite of fiber sheets that are pre-impregnated with catalyzed resins. It is manufactured through a hot melt and solvent-dip process using woven fibers and thermoset resins, such as phenols, epoxy, polyamide and thermoplastics. It involves dissolving the resin in a solvent bath and dipping the reinforcing fabric in the resin solution. Prepreg exhibits high tensile strength, stability, and resistance to fire, fatigue, corrosion, moisture and chemicals. As a result, they find extensive application across various industries, such as automotive, healthcare, aerospace, defense and electrical.

Prepreg Market Trends:
Significant growth in the aerospace industry across the globe represents one of the key factors creating a positive outlook for the market. Prepreg is widely used in the production of air ducts, bars, seats, trailing edges, cabin linings, plenums and brackets due to its high physical strength and structural performance. Moreover, various product innovations, such as the launch of a carbon prepreg patch that consists of epoxy matrix and uni-directional carbon fiber that consists of self-adhesive properties and enables them to bond to metal in a one-step process, are providing a significant boost to the market growth. Additionally, the widespread product adoption in the automotive industry is favoring the market growth. Prepreg is widely used for lightweight parts, ceiling materials and instrument panels due to its high stiffness and tensile strength and low weight. Apart from this, extensive research and development (R&D) activities and increasing product utilization for the manufacturing of various sports accessories, such as bicycles, fishing rods and tennis rackets, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global prepreg market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on resin type, fiber type, manufacturing process and end use industry.

Breakup by Resin Type:

Thermoset
Thermoplastic
Epoxy
Others

Breakup by Fiber Type:

Carbon
Glass
Aramid

Breakup by Manufacturing Process:

Hot-Melt Process
Solvent Dip Process

Breakup by End Use Industry:

Aerospace and Defense
Automotive
Electrical and Electronics
Wind Turbine
Sporting Goods
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Axiom Materials Inc. (Kordsa Incorporated), Composites One LLC (Synergy55 Inc.), Gurit Holding, Hexcel Corporation, Mitsubishi Chemical Corporation, Park Aerospace Corp., SGL Carbon SE, Solvay S.A., Sunrez Corporation, Teijin Limited, Toray Industries Inc. and Ventec International Group.

Key Questions Answered in This Report

1. What was the size of the global prepreg market in 2022?
2. What is the expected growth rate of the global prepreg market during 2023-2028?
3. What are the key factors driving the global prepreg market?
4. What has been the impact of COVID-19 on the global prepreg market?
5. What is the breakup of the global prepreg market based on the resin type?
6. What is the breakup of the global prepreg market based on the fiber type?
7. What is the breakup of the global prepreg market based on manufacturing process?
8. What is the breakup of the global prepreg market based on the end use industry?
9. What are the key regions in the global prepreg market?
10. Who are the key players/companies in the global prepreg market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL PREPREG MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY RESIN TYPE

6.1Thermoset
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Thermoplastic
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Epoxy
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY FIBER TYPE

7.1Carbon
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Glass
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Aramid
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY MANUFACTURING PROCESS

8.1Hot-Melt Process
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Solvent Dip Process
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY END USE INDUSTRY

9.1Aerospace and Defense
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2Automotive
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3Electrical and Electronics
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4Wind Turbine
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5Sporting Goods
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6Others
  9.6.1 Market Trends
  9.6.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
  15.3.1Axiom Materials Inc. (Kordsa Incorporated)
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2Composites One LLC (Synergy55 Inc.)
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3Gurit Holding
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
  15.3.4Hexcel Corporation
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5Mitsubishi Chemical Corporation
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6Park Aerospace Corp.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
  15.3.7SGL Carbon SE
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8Solvay S.A.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9Sunrez Corporation
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10Teijin Limited
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11Toray Industries Inc.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis
  15.3.12Ventec International Group
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Prepreg Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Prepreg Market Forecast: Breakup by Resin Type (in Million US$), 2023-2028
Table 3: Global: Prepreg Market Forecast: Breakup by Fiber Type (in Million US$), 2023-2028
Table 4: Global: Prepreg Market Forecast: Breakup by Manufacturing Process (in Million US$), 2023-2028
Table 5: Global: Prepreg Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 6: Global: Prepreg Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Prepreg Market: Competitive Structure
Table 8: Global: Prepreg Market: Key Players


LIST OF FIGURES

Figure 1: Global: Prepreg Market: Major Drivers and Challenges
Figure 2: Global: Prepreg Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Prepreg Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Prepreg Market: Breakup by Resin Type (in %), 2022
Figure 5: Global: Prepreg Market: Breakup by Fiber Type (in %), 2022
Figure 6: Global: Prepreg Market: Breakup by Manufacturing Process (in %), 2022
Figure 7: Global: Prepreg Market: Breakup by End Use Industry (in %), 2022
Figure 8: Global: Prepreg Market: Breakup by Region (in %), 2022
Figure 9: Global: Prepreg (Thermoset) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Prepreg (Thermoset) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Prepreg (Thermoplastic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Prepreg (Thermoplastic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Prepreg (Epoxy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Prepreg (Epoxy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Prepreg (Other Resin Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Prepreg (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Prepreg (Carbon) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Prepreg (Carbon) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Prepreg (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Prepreg (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Prepreg (Aramid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Prepreg (Aramid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Prepreg (Hot-Melt Process) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Prepreg (Hot-Melt Process) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Prepreg (Solvent Dip Process) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Prepreg (Solvent Dip Process) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Prepreg (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Prepreg (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Prepreg (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Prepreg (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Prepreg (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Prepreg (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Prepreg (Wind Turbine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Prepreg (Wind Turbine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Prepreg (Sporting Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Prepreg (Sporting Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Prepreg (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Prepreg (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia-Pacific: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia-Pacific: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Prepreg Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Prepreg Market: Breakup by Country (in %), 2022
Figure 87: Middle East and Africa: Prepreg Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Prepreg Industry: SWOT Analysis
Figure 89: Global: Prepreg Industry: Value Chain Analysis
Figure 90: Global: Prepreg Industry: Porter's Five Forces Analysis


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