Prepreg Market has a Huge Demand from the Chemical & Material Industry to Boost Exponential Growth in 2030

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The global prepreg market size reached USD 6.94 Billion in 2021 and is expected to register a revenue CAGR of 10.7% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for prepreg from various end-use industries, especially from aerospace & d

Key Features of the Global Prepreg  Market:

  • The report offers a deep insight into the market with expert data insights from the industry experts and analysts
  • Dedicated focus on market growth and restraining factors
  • Thorough analysis of the market segments includes product types, application spectrum, technology, end-user, and other key segments
  • SWOT and Porter’s Five Forces analysis along with feasibility analysis and venture return analysis
  • Current and emerging market trends and growth prospects
  • A detailed market forecast spanning 8 years from 2020 to 2027

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The investigative study on the Global Prepreg Market recently added by Emergen Reserach sheds light on the current market scope as well as the emerging trends and opportunities of the market. To provide a deeper understanding of the global market, the report offers a statistical analysis of the global and local production and consumption ratio. The prepreg report also offers a comprehensive analysis of the competitive landscape with company profiles and product portfolios.

On 7 April 2022, Archer Aviation Inc. and Hexcel, which is a global leader in advanced lightweight composites technology for major aerospace programs, collaborated on the supply of high-performance carbon fiber material which would be utilized in the manufacturing of Archer’s production aircraft. Collaboration is expected to enable Archer to mitigate supply chain risks while simultaneously building the foundation for the manufacturing of all-electric aircraft.

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Key players profiled in the report include:

Hexcel Corporation, Toray Industries, Inc., Park Aerospace Corp., Teijin Limited, Mitsubishi Chemical Carbon Fiber and Composites, Inc., SGL Carbon, Gurit, Rock West Composites, Inc., Plastic Reinforcement Fabrics Ltd., and ACP Composites, Inc.

Emergen Research has segmented the global Prepreg market on the basis of resin, manufacturing process, fiber, end-use, and region:

  • Resin Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
    • Thermoset
    • Thermoplastic
    • Manufacturing Process Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
    • Hot-melt
    • Solvent dip
    • Fiber Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
    • Glass
    • Carbon
    • Aramid
    • Others
    • End-Use Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
    • Aerospace defense
    • Automotive
    • Wind energy
    • Sporting goods
    • Others

Some Key Points Of The Prepreg Market

  • Thermoset segment accounted for a comparatively larger revenue share in 2021. Thermoset is widely preferred as it is easy to work with at room temperature and fibers easily permeate before curing. As a result, traction has been increasing and this is one of the primary factors that is boosting revenue growth of the thermoset segment.
  • Hot-melt segment is expected to register a steady revenue growth rate over the forecast period. Hot-melt process enables environmental-friendly production owing to no requirement of organic solvents for solvent coating and drying. In addition, stringent norms and regulations have resulted in increased and rapid adoption of the hot-melt process for industrial purposes, and this is expected to continue to drive revenue growth of this segment.
  • Asia Pacific market is projected to register fastest revenue growth rate as compared to other regional markets over the forecast period owing to rapid adoption of various prepreg materials in applications in industries in emerging countries including Japan, China, and India. Increasing government initiatives and stringent regulations to reduce dependence on fossil fuel resources and consumption and to reduce carbon emissions are some of the major factors boosting revenue growth of the market in the region.

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The report is formulated with extensive primary and secondary research with crucial data and insights verified and validated by the industry experts and professionals. The report further provides coverage of strategic initiatives such as mergers, acquisitions, joint ventures, collaborations, and partnerships, among others undertaken by the top players of the industry.

The global prepreg market size reached USD 6.94 Billion in 2021 and is expected to register a revenue CAGR of 10.7% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for prepreg from various end-use industries, especially from aerospace defense, coupled with rising demand from the automotive industry is a key factor driving market revenue growth to a significant extent.

In conclusion, the report provides a qualitative and quantitative analysis of the Global Prepreg  market, including the global and regional analysis of the market. The study covers critical information and factual data about the Prepreg  industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Prepreg  market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Prepreg  industry.

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