Synopsis of Carbon Fiber Prepreg Market
Prepreg are
a type of composite fibers which consists of a thermoset polymer material.
Carbon fiber prepreg is a fiber material that is pre-impregnated with catalyzed
resins. The manufacturing of these carbon fibers requires vacuum bagging
supplies, composite vacuum pumps, and high thermal stable molds. These fibers
require a very low temperature of around -20 º C to prevent it from getting
cured before the application. The two major methods used in the synthesis of
carbon fiber prepreg are hot melt process and solvent dip process. The
advantages such as high tensile strength, chemical resistance, and lightweight
makes it suitable for many end-use industries such as aerospace, automobile,
and wind turbine industries among others.
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The growing
demand for carbon fiber prepreg in the end user industries is the major factor
driving the market growth during the forecast years. Moreover, the growing
demand for fuel efficient car, along with the growing investment in the
renewable energy sector is substantially contributing to the growth of the
carbon fiber prepreg market. Among the various resin segments in carbon
fiber prepreg market, the epoxy resin segment is the leading one and is
expected to continue its dominance over the forecast period. The properties
such as high strength to weight ratio and enhance heat corrosion and moisture
resistance of epoxy resin makes them suitable for applications such as
aerospace, defense, sports & leisure, and wind among others. Among the end
use industry aerospace & defense is the leading segment owing to the high
performance stability of carbon fiber prepreg than other conventional
materials.
Market Segmentation
The global carbon fiber prepreg market is segmented into
resin type, manufacturing process and end user industry. On the basis of the
resin type, the market is segregated into epoxy resin, phenolic resin, BMI
resin, cyanate ester resin, thermoplastic resin and other resins. The market by
manufacturing process is segmented into hot melt manufacturing process and
solvent dip manufacturing process. The market by end user industry is further
categorized into automotive, aerospace & defense, sports & leisure,
wind energy, and others.
Regional Analysis
The global carbon fiber prepreg market is spanned across
five key regions: Asia Pacific, North America, Europe, Latin America, and the
Middle East & Africa. Among these, North America followed by Asia Pacific
holds the major share of the market and is expected to continue the dominance
during the forecast years. The presence of the most populated countries of the
world such as India and China has augmented the demand for various sectors such
as the sports & leisure products and automobile in turn adding to the
market growth. Carbon Fiber Prepreg is extensively used in the production of
bicycles, fishing rods, tennis rackets, and golf shafts among others. Moreover,
the growing installation of wind energy capacity mainly in China and India to
augmented the power sector also positively effecting the growth of the market.
The North American carbon fiber prepreg market is mainly
driven by the U.S. and Canada. The presence of the developed end-user
industries such as automotive and aerospace coupled with the increasing
adoption rate is contributing significantly to the growth of the market. Moreover,
the growing investment in the wind energy and defense sector is further
expected to add fuel to the growth of the market.
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Competitive Analysis:
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Cytec Solvay Group
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Royal TenCate N.V.
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Teijin Limited
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Toray Industries, Inc.
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Hexcel Corporation
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SGL Group
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Gurit Holding AG
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Park Electrochemical Corporation
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Mitsubishi Rayon Co., Ltd.
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Axiom Materials
Intended
Audience
- Carbon
fiber prepreg market manufacturers
- Traders and
Distributors of carbon fiber prepreg market
- Production
process industries
- Potential
investors
- Raw
material suppliers
- Nationalized
laboratory
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