The global carbon fiber prepreg market is expected to witness a growth during the forecast period (2017-2023) owing to the increasing demand for lightweight and high performance materials in the wind energy, aerospace and defense, automotive and sporting goods applications. Based on resin type, epoxy resin is expected to be largest growing segment in the global carbon fiber prepreg market during the forecast period.
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The major drivers fueling the growth of the carbon fiber prepreg market are increasing demand for fuel efficient vehicles and growing use of carbon fiber prepreg in the aerospace and defense and wind industries. Carbon fiber prepreg find applications in wind turbine blades, primary and secondary structures in aerospace and automotive applications, bicycle frames, tennis rackets, golf shafts and others.
The hot melt manufacturing process segment is expected to grow significantly in terms of value and volume owing to the ability of hot melt manufacturing process to produce both, fabric and unidirectional carbon fiber prepregs.
The key trend projecting a growth in the carbon fiber prepreg market is economic growth of emerging economies, development and launch of various innovative products and urbanization across the globe.
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The major companies operating in the global market for carbon fiber prepreg are SGL Group, Gurit Holding AG, Park Electrochemical Corporation, Toray Industries, Inc., Teijin Limited, Royal TenCate N.V., Hexcel Corporation, Cytec Solvay Group, Mitsubishi Rayon Co., Ltd. and Axiom Materials.
Market segmentation
By Resin Type
- Epoxy resin
- Phenolic resin
- BMI resin
- Cyanate ester resin
- Thermoplastic resin
- Others
- Hot melt process
- Solvent DIP process
- Aerospace and defense
- Automotive
- Sports and leisure
- Wind energy
- Others
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