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Sep 25, 2020 (Market Insight Reports) —
Selbyville, Delaware According to Market Study Report, The Global Prepreg Market Report explores the essential factors of the Prepreg market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario. The Prepreg market has been separated by this report based on the key player’s profiles, Type, Application and Regions.
Global Prepreg market to proliferate with a compound annual growth rate of 10.05% in the forecasting years of 2019-2027.
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The noteworthy companies in the prepreg market are Zyvex Labs, Park Electrochemical Corp., Ventec Group, Gurit Holding AG, Cytec Solvay Group, Axiom Materials, Mitsubishi Rayon Co., Ltd., Toray Industries, Inc., Celanese, SGL Group, Teijin Limited, UNICARBON, Hexcel Corporation, Royal Ten Cate N.V. and Renegade Materials Corporation.
Hexcel Corporation, is an American advanced composites company based in Connecticut. The company mainly focuses on developing, manufacturing and marketing a wide variety of structural materials that include carbon fibers, prepregs, reinforcements, matrix systems, honeycomb, adhesives and composite structures.
The global prepreg market is being driven by factors such as the rising demand from the aerospace industry, the automotive manufacturers trying to reduce carbon footprints, the ease of handling, the growing wind energy market and a rise in the interest in lightweight materials in sports. However, high costs associated with prepreg and low shelf-life compared to conventional resin fiber impede the growth of the market.
Hexcel reported revenues of US $1,861.2 million for FY2015, with an increase of 0.3% over FY2014. HexPly(R) Prepregs, HexPly(R) SuperFIT(TM), HexPly(R) SuperCap(TM) and HexPly(R) M77 Snap-Cure are some of the products offered by the company. In September 2017, Hexcel Corporation announced the launch of its government-backed �7.4 million R&D project, MAXIM, and the expansion of its manufacturing facility in Leicester.
Key opportunities like the enhancements in manufacturing processes, rise in the demand for carbon-fiber prepreg and the increasing strategic developments by manufacturers aid in the growth of the market through the estimated period. However, challenges such as technical confines and complexities in maintenance, repair and overhaul (MRO) requirements hamper the market growth.
The prepreg market has been classified on the basis of resin type, manufacturing process, fiber type and end-users. Resin types are further classified into thermosets and thermoplastics. The manufacturing process can be sub-segmented into hot melt and solvent dip. Fiber type consists of carbon fiber, glass fiber and aramid fiber; whereas, the end-users are aerospace & defense, wind energy, automotive, sporting goods, PCB & others.
The global prepreg market has been segmented mainly into five regions: North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
The Asia-Pacific is the fastest-growing region in the global prepreg market, accounting for the highest CAGR. Whereas, North America holds the largest market share of the global prepreg market, owing to the huge demand from the aerospace sector in the region.
The region is expected to dominate the market during the forecast period. The developed countries in the region, namely, the United States and Canada are the key contributors to the market advancements in the region. The presence of the key players and the ongoing economic advancements in the region are the key motivators for the growth of the market.
Scope of the Report
- The report analyses the Prepreg market By Value.
- The report analyses the Prepreg market by Product Type.
- The report assesses the Prepreg market by Application Type.
- The Global Prepreg Market has been analysed by Region (North America, Europe, Asia Pacific) and by Country (United States, Canada, Germany, Italy, France, United Kingdom, India, China, Japan, South Korea)
- Also, the attractiveness of the market has been presented by region, product type. Also, the trends, drivers and challenges of the industry has been analysed in the report.
- The report presents the analysis of Prepreg market for the historical period of 2015-2019 and the forecast period of 2020-2027.
Key Target Audience
- Consulting and Advisory Firms
- Government and Policy Makers
- Investment Banks and Equity Firms
- Regulatory Authorities
Report Content:
Chapter 1. Methodology Scope
Chapter 2. Executive Summary
Chapter 3. Industry Insights
Chapter 4. Prepreg Market Size (By Product), 2020 – 2027
Chapter 5. Prepreg Market Size (By Technology), 2020- 2027
Chapter 6. Prepreg Market Size (By Application), 2020 – 2027
Chapter 7. Prepreg Market Size (By Country), 2020 – 2027
Chapter 8. Company Profiles
Full Report Summary At: https://www.marketstudyreport.com/reports/global-prepreg-market-2019-2027
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