Scienza e Tecnologia
Carbon Fiber Prepreg Market worth $18.9 billion by 2027 - Exclusive Report by MarketsandMarkets™
Carbon fiber prepregs are developed and manufactured through two manufacturing processes, namely, hot melt and solvent dip. The hot melt process dominated the overall carbon fiber prepreg market. The machinery required to perform the hot melt process is less complex than the machinery used in the solvent dip process. Furthermore, this process is less hazardous, and no organic solvents are consumed or emitted during operations.
The market for carbon fiber prepreg is segmented on resin as epoxy, phenolic, BMI, thermoplastic, polyimide, and others. Epoxy resin dominates the overall carbon fiber prepreg market as it is widely applicable in aerospace & defense, automotive, sports & leisure, wind energy, and other industries. Due to their unique molecular structure, epoxy-based carbon fiber prepregs are lightweight and strong and, therefore, can be used in aircraft tails and fuselage.
The aerospace & defense industry accounted for 68.9%, in terms of value, of the overall carbon fiber prepreg market in 2021. The market size in this segment is projected to reach USD 13,062.0 million by 2027 at a CAGR of 14.2%. This growth is expected to be driven by the increase in the delivery of Boeing-787 and Airbus-350 aircraft during the forecast period. According to Boeing Market Outlook, 2019-2038, the Asia Pacific region plans to acquire 17,390 new airplanes; Europe - 10,270; North America - 9,130; Latin America - 2,960; and the Middle East & Africa - 3,130. This is expected to result in a significant consumption of carbon fiber prepreg for the manufacturing of composite components.
Europe is the largest carbon fiber prepreg market across the world. The aerospace & defense, wind energy, and automotive industries have huge demand for carbon fiber prepregs for various structural applications. In Europe , there is presence of distinguished automotive players such as BMW, Rolls-Royce, Mercedes-Benz, and Jaguar. These companies are expanding their R&D efforts in collaboration with carbon fiber prepreg manufacturers to decrease the weight of cars by using high-performance carbon fiber prepregs for structural applications.
The key players in the carbon fiber prepreg market include Mitsubishi Chemical Carbon Fiber and Composites, Inc. ( Japan ), Solvay ( Belgium ), Teijin Limited ( Japan ), Toray Industries Inc. ( Japan ), Hexcel Corporation (US), Gurit Holding AG ( Switzerland ), SGL Carbon ( Germany ), Park Aerospace Corp. (US), and Axiom Materials, Inc. (US), and others. These players are adopting the strategies of new product launches, expansions, and agreements to maintain their competitive position in the carbon fiber prepreg market.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/carbon-fiber-prepreg-market.asp
https://www.marketsandmarkets.com/ResearchInsight/biomedical-textile-market.asp - utm_source=Prnewswire&utm_medium=referral&utm_campaign=paidpr
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/carbon-fiber-prepreg.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/carbon-fiber-prepreg-market-worth-18-9-billion-by-2027--exclusive-report-by-marketsandmarkets-301740369.html