Carbon Fiber Prepreg Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019
Global carbon fiber prepreg market predicted to value over USD 12 billion by 2026 end and register a CAGR of over 9.4% during the forecast period 2019 to 2026.u00a0 Prepreg is a process by which fabric is strengthened using reinforcements and external agents. u00a0External substances used for prepreg are glass, carbon, and synthetic polymer fibers. Requirements for stiffness, tenacity, rust-free materials drive the growth of this market.u00a0 Carbon fiber prepregs are synthesised from carbon fibers with epoxy, phenols and thermoplastic resins. Prepreg has strength and weight, resistance properties and thus is preferred in commercial and industrial applications. Since the material is a hybrid, it has a higher tolerance for temperature and pressure. Holt melt and solvent dip are two methods employed in the synthesis of carbon fibre prepreg.u00a0 A thin film of the heated resin is coated on the underlying surface of the product. The material and the resin are then in contact and with the application of pressure and temperature, the final material is ready. In the other process, solvent bath, the original material is dipped into a solution containing the resin as the solvent, where prepregs are dissolved in the above solution as well. Once the solution evaporates, u00a0the material is dried using an oven. These materials are used in wind technology, u00a0aerospace domains and automotive applications. These are heavy industries and thus are major consumers of this market.u00a0 Owing to the increasing demand for durable materials in heavy industries, the market is predicted to have good prospects in the foreseeable future.u00a0 Technological improvements, innovations and urbanization will help expand the marketu2019s global reach. The improved life span of these products and their durability make these materials popular, leading to an increase in demand during the forecast period.u00a0u00a0 Request a Sample Reportu00a0@u00a0https://www.futurewiseresearch.com/request-sample.aspx?id=55&page=requestsample Global Carbon Fiber Prepreg Market: Restraints u2022 u00a0 u00a0High manufacturing costs u2022 u00a0 u00a0Tedious processing methods Global Carbon Fiber Prepreg Market: Segmentation By Resin Type:u00a0 u2022 u00a0 u00a0Thermoplastic u00a0 u2022 u00a0 u00a0Epoxy u00a0 u2022 u00a0 u00a0Phenolic Resin u00a0 u2022 u00a0 u00a0Polyimide Resin u00a0 u2022 u00a0 u00a0Bismaleimide Resinu00a0 u2022 u00a0 u00a0Other Resinsu00a0 Epoxy resin segment holds major market share due to its versatile use across all industries. This segment is projected to gain significant shares during the forecast period due its properties.u00a0 u00a0 By Manufacturing Process:u00a0 u2022 u00a0 u00a0Hot melt processu00a0 u2022 u00a0 u00a0Solvent dip process u00a0 The hot melt manufacturing process segment is projected to expand at a considerable rate due to ability to manufacture diverse materials.u00a0 u00a0 By End-use Industry:u00a0 u2022 u00a0 u00a0Automotiveu00a0 u2022 u00a0 u00a0Aerospace & Defenseu00a0 u2022 u00a0 u00a0Sports & Leisureu00a0 u2022 u00a0 u00a0Wind Energyu00a0 Aerospace & defense is the largest end-user industry in this market.u00a0 The increase in the production of airplanes by Boeing and Airbus. Further developments in relation are, Boom Technology, a startup manufacturing airplanes, is planning to build a new aircraft, the commercial supersonic transport aircraft XB-1. This further fuels demand for this particular market. u00a0 By Region: u00a0 u2022 u00a0 u00a0Europe u00a0 u2022 u00a0 u00a0North America u00a0 u2022 u00a0 u00a0APACu00a0 u2022 u00a0 u00a0Latin Americau00a0 u2022 u00a0 u00a0Rest of Worldu00a0 In 2015, North America dominated the market by garnering the highest revenue. The wind energy sector in North America is estimated to expand furthermore during the forecast period, which in turn will fuel the product demand. The region of Asia-Pacific is projected to record rapid growth due to increase in applications of wind energy, especially in u00a0India, China and Indonesia.u00a0 Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=55&page=askfordiscount Competitive Landscape: u00a0 u2022 u00a0 u00a0Tier 1 players- established companies in the market with the major market share u00a0 u2022 u00a0 u00a0Tier 2 playersu00a0 u2022 u00a0 u00a0Emerging players which are growing rapidlyu00a0 u2022 u00a0 u00a0New Entrants u00a0u00a0 u00a0Major firms in the market are Hexcel Corporation, Cytec Solvay Group, Royal Ten Cate N.V, Teijin Limited, and Mitsubishi Rayon Co., Ltd. In 2017, Hexcel Corporation entered into an agreement with Irkut Corporation (Russia) for the supply of HexPly carbon fiber/epoxy prepreg for the MC-21-300new generation commercial aircraft. In the same year, Solvay Group launched SolvaLite 730 prepreg for high volume automotive applications. Alongside this, Toray Industries, Inc. expanded its carbon fiber capacity at its Jalisco plant in Mexico. New technologies are being introduced in order to increase the revenue earned by the firms.u00a0 FutureWise Key Takeaways u00a0 u2022 u00a0 u00a0Growth prospects u00a0 u2022 u00a0 u00a0SWOT analysisu00a0 u2022 u00a0 u00a0Key trendsu00a0 u2022 u00a0 u00a0Key data points affecting market growth u00a0 Objectives of the Study:u00a0 u2022 u00a0 u00a0To provide with an exhaustive analysis on global carbon fiber prepreg market by resin type, manufacturing process, end-user industry, and region u2022 u00a0 u00a0To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)u00a0 u2022 u00a0 u00a0To evaluate and forecast micro-markets and the overall market u00a0 u2022 u00a0 u00a0To predict the market size, in key regions (along with countries)u2014North America, Europe, Asia Pacific, Latin America, and the Middle Eastu00a0 u2022 u00a0 u00a0To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansionsu00a0 u2022 u00a0 u00a0Profiling of companies to evaluate their market shares, strategies, financials and core competenciesu00a0 u00a0 u00a0Inquire further details about this report at:u00a0sales@futurewiseresearch.com About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry u2013 a position secured for far more than the near future. Contact Us: Company Name:u00a0FutureWise Research Contact Person:u00a0 Vinay Thaploo Email:u00a0sales@futurewiseresearch.com Phone:u00a0 44 141 628 9353 / 1 970 279 4295 City:u00a0 Leeds Country:u00a0 United Kingdom Website:u00a0www.futurewiseresearch.com
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